16 TECH COMMUNITY CORPORATION Charity Report

Public IRS 990 nonprofit record

16 TECH COMMUNITY CORPORATION

EIN 81-0853467 · Economic Development (S30)

What they do

16 TECH COMMUNITY CORPORATION (16TCC) is RESPONSIBLE for THE DEVELOPMENT of THE 50-ACRE 16 TECH INNOVATION DISTRICT, A GROWING MIXED-USE DESTINATION for ENTREPRENEURSHIP and INNOVATION IN INDIANAPOLIS. 16 TECH SEEKS to FOSTER THE TECH ENABLEMENT of THE LIFE-SCIENCES and ADVANCED MANUFACTURING INDUSTRIES KEY to INDIANAS ECONOMY THROUGH A PLACE-BASED STRATEGY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

80.59%of revenue went to mission work78.1% of expenses · Program services

2.05%of revenue went to fundraising2.0% of expenses

$103.14spent for every $100 of revenueSpending was higher than revenue this year.

20.51%of revenue went to management and office costs19.9% of expenses

$13.86in assets for every $1 spent this yearSome assets cannot be spent right away.

66.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $345,089 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $477,507 for EMILY KRUEGER (PRESIDENT AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$10,977,439

Mission workProgram services$8,846,34680.59% of revenue78.1% of expenses

ManagementOffice and general costs$2,250,93020.51% of revenue19.9% of expenses

FundraisingAsking for donations$225,2522.05% of revenue2.0% of expenses

Total expenses$11,322,528103.14% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 78.1% mission · 19.9% management · 2.0% fundraisingTotal expenses: 103.14% of revenue

2023Expense mix: 80.7% mission · 18.7% management · 0.6% fundraisingTotal expenses: 44.09% of revenue

2022Expense mix: 72.2% mission · 26.9% management · 0.9% fundraisingTotal expenses: 46.14% of revenue

2021Expense mix: 92.3% mission · 7.1% management · 0.6% fundraisingTotal expenses: 57.51% of revenue

2020Expense mix: 97.5% mission · 2.3% management · 0.2% fundraisingTotal expenses: 79.11% of revenue

2019Expense mix: 96.6% mission · 2.6% management · 0.8% fundraisingTotal expenses: 57.17% of revenue

2018Expense mix: 74.0% mission · 21.7% management · 4.3% fundraisingTotal expenses: 10.97% of revenue

2017Expense mix: 66.0% mission · 32.4% management · 1.6% fundraisingTotal expenses: 12.23% of revenue

Money in and money out

Revenue$10,977,439

Expenses$11,322,528

Annual shortfall $345,089 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$8,846,346 · 78.1% of expenses

Management and office costs$2,250,930 · 19.9% of expenses

Fundraising$225,252 · 2.0% of expenses

See all reported dollar amounts

Revenue$10,977,439

Expenses$11,322,528

Assets$156,978,815

Income$10,977,439

Contributions$7,284,137

Mission work (program services)$8,846,346

Fundraising$225,252

Grants given$19,188,937

Average grant$246,012

Management and general$2,250,930

Accounting fees$80,365

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

EMILY KRUEGERPRESIDENT AND CEO · 40 hrs/week $477,507Base $437,164 · Other $40,343

ALEX KURRELMEIERCHIEF FINANCIAL OFFICER · 40 hrs/week $287,394Base $227,800 · Other $59,594

JACQUELINE CROMLEIGH ECKHARDTVP OF BRAND STRATEGY · 40 hrs/week $195,327Base $144,333 · Other $50,994

TRACEY C JACKSONVP OF WORKFORCE DEV & COMM IMPACT · 40 hrs/week $174,396Base $130,800 · Other $43,596

KAREN B SCHNEIDERCONTROLLER · 40 hrs/week $164,414Base $138,230 · Other $26,184

NIDA ANSARICHIEF INNOVATION OFFICER · 40 hrs/week $157,560Base $135,192 · Other $22,368

ERIC MILLERDIRECTOR OF BUSINESS DEVELOPMENT · 40 hrs/week $138,003Base $106,579 · Other $31,424

MELINA KENNEDYCHAIR · 1 hrs/week $73,963Base · Other $73,963

JOE GLASSDIRECTOR · 1 hrs/week $34,239Base · Other $34,239

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

EMILY KRUEGERPRESIDENT AND CEO

ALEX KURRELMEIERCHIEF FINANCIAL OFFICER

JACQUELINE CROMLEIGH ECKHARDTVP OF BRAND STRATEGY

TRACEY C JACKSONVP OF WORKFORCE DEV & COMM IMPACT

KAREN B SCHNEIDERCONTROLLER

NIDA ANSARICHIEF INNOVATION OFFICER

ERIC MILLERDIRECTOR OF BUSINESS DEVELOPMENT

MELINA KENNEDYCHAIR

JOE GLASSDIRECTOR

JAMES SCHELLINGERDIRECTOR

JEFFREY HARRISONTREASURER

ALAN PALKOWITZDIRECTOR

ESTHER SANDLINDIRECTOR

KRISTIN MAYS-CORBITTDIRECTOR

DAVID ROBERTSDIRECTOR

MICHAEL HUBERDIRECTOR

NICOLE PAULKDIRECTOR

DAN HASLER SRDIRECTOR

RAMESH DURVASULADIRECTOR

RUSS MUMPERDIRECTOR

TORY CASTORSECRETARY

AMAN BRARDIRECTOR

VINCENT ASHDIRECTOR TO 12/17

About this charity

Recognized since: January 2016
Location: 1220 WATERWAY BLVD, INDIANAPOLIS, IN 46202-2157
County: Marion
In care of: % MS BETSY MCCAW
Primary officer: ALEX KURRELMEIER, CHIEF FINANCIAL OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(847) 721-9943

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: KSM BUSINESS SERVICES INC
NTEE classification: Economic Development (S30)
IRS tax category: Economic Development
Grant-giving organization: Yes

16 TECH COMMUNITY CORPORATION

16 TECH COMMUNITY CORPORATION

What they do

Should I give to this charity?

Basic facts we verified

Money made simple

Ask these three easy questions

Financial picture

How each $100 of revenue was used

Has the pattern changed?

Money in and money out

Reported spending amounts

Leadership and board

People reported as paid

About this charity

How to reach them

Filing and classification

Full charity research is waiting at CharityEZ

Find charities near you