Program areas at 16 Tech Community Corporation
The 16 Tech innovation district is a growing destination for innovation and entrepreneurship and a driver of the Tech enablement of the life-sciences and advanced manufacturing industries key to Indiana's economy. Connected to diverse neighborhoods in downtown indianapolis and intentionally resourced with facilities and programs to foster innovation, 16 Tech is home to three buildings with a variety of office, wet and dry lab spaces and makerspaces and 200+ innovation related entities that employ more than 800 people. At full build-out, 16 Tech anticipates more 2 million square feet of innovation related space that support 3,000 jobs, providing opportunities to train, retrain and attract talent. 16 Tech is driving momentum, serving as Indiana's most central and accessible entrance into the state's innovation ecosystem; a dedicated place for innovation-driven enterprises and entrepreneurs to connect with university resources, research facilities and corporate assets, supported by quality-of-life services in a work, play, learn environment. The nonprofit 16 Tech Community Corporation (16tcc) oversees the programmatic and physical development of the district and ensures benefits of economic growth, new investment and job creation extend to nearby neighborhoods as well as the city, the region, and the state.
Grants made by 16 Tech Community Corporation
Who funds 16 Tech Community Corporation
Grants from foundations and other nonprofits
Personnel at 16 Tech Community Corporation
| Name | Title | Compensation | Date of data |
|---|
| Emily Krueger | President and Chief Executive Officer / Chief Executive Officer / Cheif Operating Officer | $309,792 | 2022-12-31 |
| Robert W Coy | President and Chief Executive Officer Thru April | $237,994 | 2022-12-31 |
| Alex Kurrelmeier | Chief Financial Officer | | 2023-11-15 |
| Tamre Mullins | Managing Director, 76 Forward | | 2021-12-26 |
| Eric Miller | Director of Business Developement / Director of Business Development | $164,148 | 2022-12-31 |
| ...and 7 more key personnel |
Financials for 16 Tech Community Corporation
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $16,419,263 | $20,137,265 | -18.5% |
| Program services | $4,618,649 | $23,170,454 | -80.1% |
| Investment income and dividends | $187,304 | $89,069 | 110.3% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $27,376 | $20,534 | 33.3% |
| Net gain from sale of non-inventory assets | $0 | $403,054 | -100% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $48,745 | $0 | 999% |
| Total revenues | $21,301,337 | $43,820,376 | -51.4% |
Organizations like 16 Tech Community Corporation
| Organization | Type | Location | Revenue |
|---|
| Mission Economic Development Agency (MEDA) | 501(c)(3) | San Francisco, CA | $26,896,587 |
| Venture Richmond | 501(c)(3) | Richmond, VA | $6,480,752 |
| Neighborhood Development Center | 501(c)(3) | Saint Paul, MN | $11,058,060 |
| Greater Jamaica Development Corporation | 501(c)(3) | Jamaica, NY | $7,601,973 |
| Cincinnati Center City Development Corporation (3CDC) | 501(c)(3) | Cincinnati, OH | $46,900,631 |
| University Circle (UCI) | 501(c)(3) | Cleveland, OH | $18,118,457 |
| City of Baltimore Development Corporation (BDC) | 501(c)(3) | Baltimore, MD | $7,592,660 |
| Chicago Neighborhood Initiatives | 501(c)(3) | Chicago, IL | $6,086,031 |
| Brooklyn Navy Yard Development Corporation (BNYDC) | 501(c)(3) | Brooklyn, NY | $82,249,010 |
| University City District (UCD) | 501(c)(3) | Philadelphia, PA | $12,962,976 |
Data update history
December 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 28, 2023
Updated personnel
Identified 4 new personnel
December 24, 2023
Used new vendors
Identified 4 new vendors, including , , , and
December 23, 2023
Received grants
Identified 4 new grant, including a grant for $747,000 from Lilly Endowment July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
LobbyingPartially liquidatedState / local levelManagement and technical assistanceTax deductible donations
General information
- Address
- 1220 Waterway Blvd
- Indianapolis, IN 46202
- Metro area
- Indianapolis-Carmel-Anderson, IN
- County
- Marion County, IN
- Website URL
- 16tech.com/Â
- Phone
- (847) 721-9943
IRS details
- EIN
- 81-0853467
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2015
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Central organization
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