INDIANA BIOSCIENCES RESEARCH INSTITUTE INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- INDIANA BIOSCIENCES RESEARCH INSTITUTE INC (EIN 46-2882271)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202443209349319284
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule G
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T14:39:08+00:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 350921680 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 West Wacker Drive Suite 2600 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 606061224 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 462882271 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Indiana Biosciences Research Institute Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | INDI | BusinessNameControlTxt |
| Phone | 3179833350 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1210 Waterway Blvd 2000 | AddressLine1Txt |
| City | Indianapolis | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46202 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Alan Palkowitz | PersonNm |
| Person Title | President & CEO | PersonTitleTxt |
| Signature | 2024-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jennifer Burke | PreparerPersonNm |
| PTIN | P01342224 | PTIN |
| Phone | 3128997000 | PhoneNum |
| Preparation | 2024-11-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Alan Palkowitz | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1210 Waterway Blvd 2000 | AddressLine1Txt |
| City | Indianapolis | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $64,136,245 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.indianabiosciences.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2013 | FormationYr |
| Legal Domicile State | IN | LegalDomicileStateCd |
| Activity Or Mission | THE IBRI IS AN INDEPENDENT LIFE SCIENCES RESEARCH INSTITUTE FOCUSED ON ADDRESSING MAJOR UNDERSERVED AREAS OF PUBLIC HEALTH INCLUDING DIABETES, PEDIATRIC RARE DISEASES, AND ALZHEIMER'S DISEASE. THE IBRI FACILITATES THE GROWTH OF THE BIOMEDICAL COMMUNITY BY ATTRACTING TALENT AND INDUSTRY TO THE STATE AND AIDES IN THE COMMERCIALIZATION OF TECHNOLOGIES TO FOSTER FURTHER ECONOMIC DEVELOPMENT. | ActivityOrMissionDesc |
| Voting Members Governing Body | 18 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 73 | TotalEmployeeCnt |
| Total Volunteers | 18 | TotalVolunteersCnt |
| Total Gross UBI | -$12,522 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,140,289 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,480,756 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,195,106 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,280,924 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,764,523 | PYInvestmentIncomeAmt |
| CY Investment Income | $694,936 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$1,610 | PYOtherRevenueAmt |
| CY Other Revenue | $7,236 | CYOtherRevenueAmt |
| PY Total Revenue | $4,098,308 | PYTotalRevenueAmt |
| CY Total Revenue | $4,463,852 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,777,296 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,091,633 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $24,843 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $55,842 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $717,293 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,072,531 | PYOtherExpensesAmt |
| CY Other Expenses | $9,645,223 | CYOtherExpensesAmt |
| PY Total Expenses | $12,874,670 | PYTotalExpensesAmt |
| CY Total Expenses | $15,792,698 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$8,776,362 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$11,328,846 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $149,263,304 | TotalAssetsBOYAmt |
| Total Assets EOY | $150,111,240 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $29,016,876 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $26,683,295 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $120,246,428 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $123,427,945 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO BECOME A LEADING INDEPENDENT RESEARCH INSTITUTE IN THE DISCOVERY AND DEVELOPMENT OF INNOVATIVE SOLUTIONS TO IMPROVE HUMAN HEALTH. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $12,889,385 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $1,313,427 | RevenueAmt |
| Desc | FOUNDED IN 2013, THE INDIANA BIOSCIENCES RESEARCH INSTITUTE'S (IBRI) SCIENTIFIC RESEARCH FOCUSES ON DISCOVERING INNOVATIVE SOLUTIONS FOR UNDERSERVED DISEASES, INCLUDING DIABETES, PEDIATRIC RARE DISEASES AND ALZHEIMER'S DISEASE. | Desc |
| Total Program Service Expenses | $12,889,385 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (true) | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 46 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 73 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 18 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (true) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Michele Sawyer | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3179833350 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1210 Waterway Blvd | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46202 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| ALAN PALKOWITZ PhD | ||||||||
| PRESIDENT & CEO | 32.0 | 8.0 | Yes (X) | Yes (X) | $490,544 | $92,441 | $49,546 | |
| DANIEL F EVANS JR | ||||||||
| EXECUTIVE CHAIR | 0.5 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Michael Harrington | ||||||||
| Treasurer | 0.5 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Aaron Schacht | ||||||||
| Director | 0.5 | Yes (X) | $0 | $0 | $0 | |||
| CRISTOPHER JOHNSTON | ||||||||
| DIRECTOR | 0.5 | 39.5 | Yes (X) | $0 | $166,085 | $50,084 | ||
| DANIEL GOLDEN | ||||||||
| DIRECTOR | 0.5 | Yes (X) | $0 | $0 | $0 | |||
| DANIEL PETERSON | ||||||||
| DIRECTOR | 0.5 | Yes (X) | $0 | $0 | $0 | |||
| DAVID INGRAM MD | ||||||||
| DIRECTOR | 0.5 | 39.5 | Yes (X) | $0 | $57,242 | $33,041 | ||
| Debra Luffer-Atlas PhD | ||||||||
| Director (began 11/29/23) | 0.5 | Yes (X) | $0 | $0 | $0 | |||
| HANY MOSELHI MD | ||||||||
| DIRECTOR | 0.5 | Yes (X) | $0 | $0 | $0 | |||
| JAY HESS MD | ||||||||
| PhD MHSA, DIRECTOR | 0.5 | 39.5 | Yes (X) | $0 | $1,055,714 | $387,160 | ||
| Jeffrey Rhoads PhD | ||||||||
| Director (began 8/18/23) | 0.5 | 39.5 | Yes (X) | $0 | $306,560 | $36,373 | ||
| JOHN C LECHLEITER PhD | ||||||||
| DIRECTOR | 0.5 | Yes (X) | $0 | $0 | $0 | |||
| Karen Plaut | ||||||||
| Director (Began 4/17/23) | 0.5 | 39.5 | Yes (X) | $0 | $403,107 | $68,484 | ||
| KENNETH CUSTER PhD | ||||||||
| DIRECTOR (partial year) | 0.5 | Yes (X) | $0 | $0 | $0 | |||
| Michael Huber | ||||||||
| VP for University Relations | 0.5 | 39.5 | Yes (X) | $0 | $457,967 | $71,576 | ||
| PATRICIA MARTIN | ||||||||
| DIRECTOR | 0.5 | 39.5 | Yes (X) | $0 | $235,056 | $35,223 | ||
| TATIANA FOROUD PhD | ||||||||
| DIRECTOR | 0.5 | 39.5 | Yes (X) | $0 | $571,561 | $53,253 | ||
| THERESA MAYER PhD | ||||||||
| DIRECTOR (partial year) | 0.5 | 39.5 | Yes (X) | $0 | $118,076 | $7,419 | ||
| WENDY SRNIC PhD | ||||||||
| DIRECTOR | 0.5 | Yes (X) | $0 | $0 | $0 | |||
| JOHN (JAY) M MCGILL PhD | ||||||||
| CHIEF OPERATING OFFICER | 39.5 | 0.5 | Yes (X) | $375,771 | $0 | $32,854 | ||
| MICHELE J SAWYER | ||||||||
| CHIEF FINANCIAL OFFICER | 40.0 | Yes (X) | $313,626 | $0 | $18,266 | |||
| BRIAN FILLENWARTH | ||||||||
| FINANCIAL CONTROLLER | 40.0 | $181,341 | $0 | $37,111 | Yes (X) | |||
| Mark Kowala PhD | ||||||||
| Vice president - Translational | 40.0 | $142,094 | $0 | $7,716 | Yes (X) | |||
| MARY M MADER | ||||||||
| VP MOLECULAR INNOVATION | 40.0 | $274,941 | $0 | $31,385 | Yes (X) | |||
| MUSTAPHA MOUSSAIF PhD | ||||||||
| SR STAFF SCIENTIST | 40.0 | $140,907 | $0 | $30,169 | Yes (X) | |||
| Sharon Elaine Semones | ||||||||
| Vice President - Business Development | 40.0 | $163,872 | $0 | $29,829 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,083,096 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $3,463,809 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $979,489 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 15 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | Address Line2ContractorAddress/USAddress/AddressLine2Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Strategic Investment Group | ||||||
| 1001 Nineteenth Street North | 16th Floor | Arlington | VA | 22209 | Investment Services | $341,059 |
| TBH Creative | ||||||
| 600 E Carmel Drive | Carmel | IN | 46032 | Marketing Services | $252,557 | |
| BROWNING INVESTMENTS LLC | ||||||
| 8940 River Crossing Blvd Suite 300 | Indianapolis | IN | 46240 | Tenant Improvements | $202,259 | |
| Medex Staffing | ||||||
| 7839 Solution Center | Chicago | IL | 606777008 | Staffing Services | $123,150 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $698,819 | GovernmentGrantsAmt |
| All Other Contributions | $1,781,937 | AllOtherContributionsAmt |
| Noncash Contributions | $162,895 | NoncashContributionsAmt |
| Total Contributions | $2,480,756 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Research Collaboration | 541700 | $1,135,640 | $1,135,640 |
| Research Services | 541700 | $145,284 | $145,284 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,280,924 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,112,738 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$12,522 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,125,260 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $404,525 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $429,792 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$25,267 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$25,267 | TotalRevenueColumnAmt |
| Exclusion | -$25,267 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $58,824,799 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $59,242,601 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$417,802 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$417,802 | TotalRevenueColumnAmt |
| Exclusion | -$417,802 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Miscellaneous Income | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $32,503 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $32,503 | RelatedOrExemptFuncIncomeAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $32,503 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,463,852 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,313,427 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$12,522 | UnrelatedBusinessRevenueAmt |
| Exclusion | $682,191 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,250,861 | TotalAmt |
| Program Services | $1,006,987 | ProgramServicesAmt |
| Management And General | $168,273 | ManagementAndGeneralAmt |
| Fundraising | $75,601 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,980,105 | TotalAmt |
| Program Services | $3,204,123 | ProgramServicesAmt |
| Management And General | $535,427 | ManagementAndGeneralAmt |
| Fundraising | $240,555 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $171,822 | TotalAmt |
| Program Services | $138,323 | ProgramServicesAmt |
| Management And General | $23,114 | ManagementAndGeneralAmt |
| Fundraising | $10,385 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $362,383 | TotalAmt |
| Program Services | $291,731 | ProgramServicesAmt |
| Management And General | $48,750 | ManagementAndGeneralAmt |
| Fundraising | $21,902 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $326,462 | TotalAmt |
| Program Services | $262,813 | ProgramServicesAmt |
| Management And General | $43,918 | ManagementAndGeneralAmt |
| Fundraising | $19,731 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,506 | TotalAmt |
| Program Services | $36,005 | ProgramServicesAmt |
| Management And General | $9,139 | ManagementAndGeneralAmt |
| Fundraising | $3,362 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,912 | TotalAmt |
| Management And General | $122,912 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,571 | TotalAmt |
| Program Services | $46,445 | ProgramServicesAmt |
| Management And General | $11,789 | ManagementAndGeneralAmt |
| Fundraising | $4,337 | FundraisingAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,842 | TotalAmt |
| Fundraising | $55,842 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $554,541 | TotalAmt |
| Program Services | $411,619 | ProgramServicesAmt |
| Management And General | $104,483 | ManagementAndGeneralAmt |
| Fundraising | $38,439 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $742,736 | TotalAmt |
| Program Services | $551,311 | ProgramServicesAmt |
| Management And General | $139,941 | ManagementAndGeneralAmt |
| Fundraising | $51,484 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $399,773 | TotalAmt |
| Program Services | $272,346 | ProgramServicesAmt |
| Management And General | $95,896 | ManagementAndGeneralAmt |
| Fundraising | $31,531 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,934 | TotalAmt |
| Program Services | $22,436 | ProgramServicesAmt |
| Management And General | $7,900 | ManagementAndGeneralAmt |
| Fundraising | $2,598 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $558,682 | TotalAmt |
| Program Services | $380,603 | ProgramServicesAmt |
| Management And General | $134,014 | ManagementAndGeneralAmt |
| Fundraising | $44,065 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,321,145 | TotalAmt |
| Program Services | $1,768,775 | ProgramServicesAmt |
| Management And General | $506,339 | ManagementAndGeneralAmt |
| Fundraising | $46,031 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $163,998 | TotalAmt |
| Program Services | $144,513 | ProgramServicesAmt |
| Management And General | $10,493 | ManagementAndGeneralAmt |
| Fundraising | $8,992 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,664 | TotalAmt |
| Program Services | $16,447 | ProgramServicesAmt |
| Management And General | $1,194 | ManagementAndGeneralAmt |
| Fundraising | $1,023 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $319,649 | TotalAmt |
| Program Services | $217,761 | ProgramServicesAmt |
| Management And General | $76,676 | ManagementAndGeneralAmt |
| Fundraising | $25,212 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,970,811 | TotalAmt |
| Program Services | $1,849,931 | ProgramServicesAmt |
| Management And General | $101,282 | ManagementAndGeneralAmt |
| Fundraising | $19,598 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $105,685 | TotalAmt |
| Program Services | $71,998 | ProgramServicesAmt |
| Management And General | $25,351 | ManagementAndGeneralAmt |
| Fundraising | $8,336 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Lab Expenses | $2,167,298 | $2,157,533 | $5,859 | $3,906 |
| Loss on Disposal of Equipment | $36,036 | $24,550 | $8,644 | $2,842 |
| Other Expenses | $13,732 | $9,355 | $3,294 | $1,083 |
| Bank Fees | $5,550 | $3,780 | $1,332 | $438 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,792,698 | TotalAmt |
| Program Services | $12,889,385 | ProgramServicesAmt |
| Management And General | $2,186,020 | ManagementAndGeneralAmt |
| Fundraising | $717,293 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,425,366 | BOYAmt |
| EOY | $1,003,919 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $702,021 | BOYAmt |
| EOY | $544,200 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $212,987 | BOYAmt |
| EOY | $61,320 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $18,366,271 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $8,520,035 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,296,306 | BOYAmt |
| EOY | $9,846,236 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,596,618 | BOYAmt |
| EOY | $22,449,339 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,156,150 | BOYAmt |
| EOY | $98,789,840 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,873,856 | BOYAmt |
| EOY | $17,416,386 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $149,263,304 | BOYAmt |
| EOY | $150,111,240 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,991,666 | BOYAmt |
| EOY | $2,121,525 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $915,189 | BOYAmt |
| EOY | $624,148 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,286,454 | BOYAmt |
| EOY | $6,250,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,823,567 | BOYAmt |
| EOY | $17,687,622 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,016,876 | BOYAmt |
| EOY | $26,683,295 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,986,763 | BOYAmt |
| EOY | $72,025,032 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,259,665 | BOYAmt |
| EOY | $51,402,913 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $120,246,428 | BOYAmt |
| EOY | $123,427,945 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $149,263,304 | BOYAmt |
| EOY | $150,111,240 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$11,328,846 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $14,706,480 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$196,117 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| IRS Written Determination | Yes (X) | IRSWrittenDeterminationInd |
| Supported Organizations | 5 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp (5 entries)
| EINEIN | Organization TypeOrganizationTypeCd | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt | Other SupportOtherSupportAmt |
|---|---|---|---|---|
| CENTRAL INDIANA CORPORATE PARTNERSHIP INC | ||||
| 352065459 | 9 | Yes (true) | $0 | $0 |
| STATE OF INDIANA | ||||
| 000000000 | 6 | Yes (true) | $0 | $0 |
| INDIANA UNIVERSITY | ||||
| 356001673 | 2 | Yes (true) | $598,359 | $0 |
| PURDUE UNIVERSITY | ||||
| 356002041 | 2 | Yes (true) | $19,720 | $0 |
| UNIVERSITY OF NOTRE DAME DU LAC | ||||
| 350868188 | 2 | Yes (true) | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 5 | SupportedOrganizationsTotalCnt |
| Support Sum | $618,079 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (true) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | Yes (true) | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | Yes (true) | SupportedOrgSectionC456Ind |
| Supported Org Qualified | Yes (true) | SupportedOrgQualifiedInd |
| Suprt Exclusively Sec170c2 B | Yes (true) | SuprtExclusivelySec170c2BInd |
| Supported Org Not Organized US | false | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | false | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | false | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | false | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | false | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | false | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | false | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | false | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | false | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | false | ContributionControllerInd |
| Contribution Family | false | ContributionFamilyInd |
| Contribution35 Controlled | false | Contribution35ControlledInd |
Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Power Appoint Majority Dir Trst | Yes (true) | PowerAppointMajorityDirTrstInd |
| Operate Benefit Non Suprt Org | false | OperateBenefitNonSuprtOrgInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule A, Part IV, Section A, Line 3b Section A, Line 3b | For the supported organization qualified under section 501(c)(6), Central Indiana Corporate Partnership, we reviewed the most recent Form 990 filed for the organization to determine the organization satisfied the public support test requirements. |
| Schedule A, Part IV, Section A, Line 3c Section A, Line 3C | Our purchasing and cash disbursements policies ensure that support provided by IBRI to supported organizations is used exclusively for section 170(c)(2)(B) purposes. |
| Schedule A, Part IV, Section A, Line 2 Supported Org. Without IRS Status 509(a)1 or (2) | Of IBRI's supported organizations, Indiana University, Purdue University, and the State of Indiana do not have determination letters from the Internal Revenue Service ("IRS") confirming their exempt status under section 509(a)(1) or (2). Indiana University and Purdue University are both state universities and thus are not required to obtain recognition of their tax-exempt status. The State of Indiana is a governmental unit described in section 170(b)(1)(A)(v) and is not required to obtain recognition of its tax-exempt status. |
| Schedule A, Part IV, Section A, Line 3b Qualified Under 501C(4)(5) Or (6) | Central Indiana Corporate Partnership, Inc. ("CICP") is recognized by the IRS as a tax-exempt business league described in section 501(c)(6). IBRI requested and received confirmation from CICP that it would satisfy the public support test under section 509(a)(2). CICP annually analyzes its financial records to assess whether it would satisfy the public support test under section 509(a)(2). |
| Schedule A, Part IV, Section A, Line 3c Support To Org. Used Exclusively Sec. 170(c)(2)(B) Purposes | IBRI ensures that all support to CICP is used exclusively for section 170(c)(2)(B) purposes by reminding CICP of such limitation on the support that IBRI provides to CICP and by regularly confirming with CICP that any and all support IBRI provides to CICP was used exclusively for charitable and exempt purposes described in section 170(c)(2)(B). |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $115,752,770 | BeginningYearBalanceAmt |
| Contributions | $100,082 | ContributionsAmt |
| Investment Earnings Or Losses | $15,386,327 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $10,000,000 | OtherExpendituresAmt |
| End Year Balance | $121,239,179 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $142,205,804 | BeginningYearBalanceAmt |
| Contributions | $1,495,845 | ContributionsAmt |
| Investment Earnings Or Losses | -$14,435,912 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $13,512,967 | OtherExpendituresAmt |
| End Year Balance | $115,752,770 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $141,951,538 | BeginningYearBalanceAmt |
| Contributions | $745,787 | ContributionsAmt |
| Investment Earnings Or Losses | $7,184,390 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $7,675,911 | OtherExpendituresAmt |
| End Year Balance | $142,205,804 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $128,938,033 | BeginningYearBalanceAmt |
| Contributions | $15,523,690 | ContributionsAmt |
| Investment Earnings Or Losses | $11,889,815 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $14,400,000 | OtherExpendituresAmt |
| End Year Balance | $141,951,538 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $111,610,169 | BeginningYearBalanceAmt |
| Contributions | $16,576,898 | ContributionsAmt |
| Investment Earnings Or Losses | $10,750,966 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $7,700,000 | OtherExpendituresAmt |
| Administrative Expenses | $2,300,000 | AdministrativeExpensesAmt |
| End Year Balance | $128,938,033 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.576 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.3234 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.1006 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,900,369 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,620,178 | DepreciationAmt |
| Book Value | $7,280,191 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,465,902 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,899,857 | DepreciationAmt |
| Book Value | $2,566,045 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $9,846,236 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Commingled Investment Funds | Desc |
| Book Value | $98,789,840 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $98,789,840 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Lease Right of Use Asset | $16,901,629 |
| Interest Rate Swap | $514,757 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $17,416,386 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Bldg lease liability | $17,674,059 |
| Interest Rate Swap | $13,563 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $17,687,622 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $19,045,584 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $14,706,480 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $429,792 | OtherRevenueAmt |
| Revenue Not Reported | $15,136,272 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,909,312 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $554,540 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $0 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $554,540 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $4,463,852 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $15,667,950 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $0 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $15,667,950 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $554,540 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | -$429,792 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $124,748 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $15,792,698 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part V, Line 4 Intended uses of endowment funds | THE ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE ONGOING OPERATIONS OF THE IBRI. |
| Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote | The Institute is exempt from income taxes under §501(c)(3) of the U.S. Internal Revenue Code and is classified as a public charity under §509(a)(1) and §170(b)(1)(A)(vi). The Institute has adopted accounting guidance related to accounting for uncertainty in income taxes. This guidance requires the Institute to recognize a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50 percent likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded. The Institute has examined this issue and has determined there are no material contingent liabilities or questionable tax positions. The Institute does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Institute recognizes interest and/or penalties related to income tax matters in income tax expense. The Institute did not have any amount accrued for interest and penalties at December 31, 2023 or 2022. |
| Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 | Rental Expense - 429792 |
| Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements | Rental Expense - -429792 |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Europe (Including Iceland and Greenland) | 0 | 2 | Program Services | SCIENTIFIC ADVISORY SERVICES | $15,041 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Investments | n/a | $24,481,904 |
| North America (Canada & Mexico only) | 0 | 1 | Program Services | IT Services | $6,031 |
| South Asia | 0 | 0 | Investments | $612,115 | |
| East Asia and the Pacific | 0 | 0 | Investments | $11,971,738 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 3 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 3 | TotalEmployeeCnt |
| Subtotal Spent | $37,086,829 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $37,086,829 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements | FormAndLineReferenceDesc |
| Explanation | EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH ASIA-Accrual | ExplanationTxt |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Agrmt Prof Fundraising Acty | Yes (true) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GONSER GERBER | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1776 Legacy Circle Suite 100 | AddressLine1Txt |
| City | NAPERVILLE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60563 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | CONSULTING | ActivityTxt |
| Fundraiser Control Of Funds | false | FundraiserControlOfFundsInd |
| Retained By Contractor | $60,545 | RetainedByContractorAmt |
| Net To Organization | -$60,545 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $0 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $60,545 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$60,545 | TotalNetToOrganizationAmt |
| Licensed States | CA | LicensedStatesCd |
| Licensed States | CO | LicensedStatesCd |
| Licensed States | CT | LicensedStatesCd |
| Licensed States | FL | LicensedStatesCd |
| Licensed States | GA | LicensedStatesCd |
| Licensed States | AL | LicensedStatesCd |
| Licensed States | HI | LicensedStatesCd |
| Licensed States | IL | LicensedStatesCd |
| Licensed States | IN | LicensedStatesCd |
| Licensed States | IA | LicensedStatesCd |
| Licensed States | KS | LicensedStatesCd |
| Licensed States | KY | LicensedStatesCd |
| Licensed States | LA | LicensedStatesCd |
| Licensed States | ME | LicensedStatesCd |
| Licensed States | AK | LicensedStatesCd |
| Licensed States | MD | LicensedStatesCd |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | MI | LicensedStatesCd |
| Licensed States | MN | LicensedStatesCd |
| Licensed States | MS | LicensedStatesCd |
| Licensed States | MO | LicensedStatesCd |
| Licensed States | NV | LicensedStatesCd |
| Licensed States | NH | LicensedStatesCd |
| Licensed States | NJ | LicensedStatesCd |
| Licensed States | NM | LicensedStatesCd |
| Licensed States | NY | LicensedStatesCd |
| Licensed States | NC | LicensedStatesCd |
| Licensed States | ND | LicensedStatesCd |
| Licensed States | OH | LicensedStatesCd |
| Licensed States | OK | LicensedStatesCd |
| Licensed States | OR | LicensedStatesCd |
| Licensed States | PA | LicensedStatesCd |
| Licensed States | RI | LicensedStatesCd |
| Licensed States | SC | LicensedStatesCd |
| Licensed States | TN | LicensedStatesCd |
| Licensed States | UT | LicensedStatesCd |
| Licensed States | VA | LicensedStatesCd |
| Licensed States | AR | LicensedStatesCd |
| Licensed States | WA | LicensedStatesCd |
| Licensed States | WV | LicensedStatesCd |
| Licensed States | WI | LicensedStatesCd |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ALAN PALKOWITZ PhD | ||||||||||||||
| PRESIDENT & CEO | $490,425 | $42,441 | $0 | $0 | $119 | $50,000 | $19,800 | $5,355 | $0 | $24,391 | $510,344 | $122,187 | $0 | $0 |
| PATRICIA MARTIN | ||||||||||||||
| DIRECTOR | $0 | $100,534 | $0 | $38,250 | $0 | $96,272 | $0 | $23,683 | $0 | $11,540 | $0 | $270,279 | $0 | $0 |
| TATIANA FOROUD PhD | ||||||||||||||
| DIRECTOR | $0 | $241,476 | $0 | $94,085 | $0 | $236,000 | $0 | $39,904 | $0 | $13,349 | $0 | $624,814 | $0 | $0 |
| JAY HESS MD | ||||||||||||||
| PhD MHSA, DIRECTOR | $0 | $606,607 | $0 | $230,547 | $0 | $218,560 | $0 | $362,378 | $0 | $24,782 | $0 | $1,442,874 | $0 | $0 |
| CRISTOPHER JOHNSTON | ||||||||||||||
| DIRECTOR | $0 | $166,085 | $0 | $0 | $0 | $0 | $0 | $24,709 | $0 | $25,375 | $0 | $216,169 | $0 | $0 |
| Karen Plaut | ||||||||||||||
| Director (Began 4/17/23) | $0 | $364,475 | $0 | $35,000 | $0 | $3,632 | $0 | $33,000 | $0 | $35,484 | $0 | $471,591 | $0 | $0 |
| Michael Huber | ||||||||||||||
| VP for University Relations | $0 | $442,346 | $0 | $0 | $0 | $15,621 | $0 | $45,563 | $0 | $26,013 | $0 | $529,543 | $0 | $0 |
| Jeffrey Rhoads PhD | ||||||||||||||
| Director (began 8/18/23) | $0 | $280,706 | $0 | $0 | $0 | $25,854 | $0 | $23,917 | $0 | $12,456 | $0 | $342,933 | $0 | $0 |
| JOHN (JAY) M MCGILL PhD | ||||||||||||||
| CHIEF OPERATING OFFICER | $375,652 | $0 | $0 | $0 | $119 | $0 | $19,800 | $0 | $13,054 | $0 | $408,625 | $0 | $0 | $0 |
| MICHELE J SAWYER | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $304,333 | $0 | $9,174 | $0 | $119 | $0 | $18,266 | $0 | $0 | $0 | $331,892 | $0 | $0 | $0 |
| BRIAN FILLENWARTH | ||||||||||||||
| FINANCIAL CONTROLLER | $170,352 | $0 | $10,948 | $0 | $41 | $0 | $10,839 | $0 | $26,272 | $0 | $218,452 | $0 | $0 | $0 |
| MUSTAPHA MOUSSAIF PhD | ||||||||||||||
| SR STAFF SCIENTIST | $140,830 | $0 | $0 | $0 | $77 | $0 | $8,246 | $0 | $21,923 | $0 | $171,076 | $0 | $0 | $0 |
| MARY M MADER | ||||||||||||||
| VP MOLECULAR INNOVATION | $274,822 | $0 | $0 | $0 | $119 | $0 | $15,431 | $0 | $15,954 | $0 | $306,326 | $0 | $0 | $0 |
| Sharon Elaine Semones | ||||||||||||||
| Vice President - Business Development | $163,845 | $0 | $0 | $0 | $27 | $0 | $10,350 | $0 | $19,479 | $0 | $193,701 | $0 | $0 | $0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $100,082 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | Laboratory Equipment | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $62,813 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Cost | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule M, Part I Explanations of reporting method for number of contributions | FormAndLineReferenceDesc |
| Explanation | Other - Laboratory Equipment Number of contributions | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 1a Delegate broad authority to a committee | THE BOARD OF DIRECTORS DELEGATES BROAD AUTHORITY TO AN EXECUTIVE COMMITTEE TO ACT ON THE ORGANIZATION'S BEHALF. THE COMMITTEE IS ESTABLISHED BY THE BOARD TO EXERCISE THE POWERS OF THE BOARD IN RELATED TO MATTERS THAT ARISE BETWEEN REGULARLY SCHEDULED BOARD MEETINGS AND/OR WHEN IT IS NOT PRACTICAL OR FEASIBLE FOR THE BOARD TO MEET. THE COMMITTEE IS COMPRISED OF TWO (2) OR MORE DIRECTORS OF THE CORPORATION. |
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body | SUPPORTED ORGANIZATIONS HAVE THE RIGHT TO APPOINT DIRECTORS AS SPECIFIED IN INDIANA BIOSCIENECS RESEARCH INSTITUTE'S AMENDED AND RESTATED BYLAWS. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | IBRI'S FORM 990 WAS PREPARED BY THE FINANCE DEPARTMENT AND REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM AND BY THE IBRI'S LEGAL COUNSEL. SUBSEQUENTLY, A SUBSTANTIALLY COMPLETE FORM 990 AND SUPPLEMENTAL SCHEDULES WERE PRESENTED TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND COMMENT PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. |
| Form 990, Part VI, Line 12c Conflict of interest policy | It is the policy of IBRI and its Board of Directors that the Corporation's directors, officers, and employees carry out their respective duties in a fashion that avoids actual, potential, or perceived conflicts of interest. IBRI's directors, officers, and employees shall have the continuing, affirmative duty to report any personal ownership, interest, or other relationship that might affect their ability to exercise impartial, ethical, and business-based judgments in fulfilling their responsibilities to the organization. Each year directors, officers, and employees acknowledge and agree that they have a duty to avoid business, financial or other interests or relationships that conflict with the interests of the Institute or that divide their loyalty to the Institute. Any activity that appears to present a conflict must be disclosed to the Institute and must be avoided or terminated unless the Institute in its sole discretion determines the activity is not harmful to the Institute or otherwise improper. The Board of Directors shall be responsible for oversight of all disclosures or failures to disclose and for taking appropriate action in the case of any actual or potential conflict of interest transaction. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | THE BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE CEO USING COMPARABILITY DATA AND COMPENSATION SURVEYS. A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS CONTEMPORANEOUSLY DOCUMENTS THE DELIBERATION AND DECISION OF THIS PROCESS. THIS PROCESS OCCURS ANNUALLY AND LAST OCCURRED IN AUGUST 2023. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE COO AND CFO USING COMPARABILITY DATA AND COMPENSATION SURVEYS. THE BOARD CONTEMPORANEOUSLY DOCUMENTS THE DELIBERATION AND DECISION OF THIS PROCESS. THIS PROCESS OCCURS ANNUALLY AND LAST OCCURRED IN AUGUST 2023. |
| Form 990, Part VI, Line 19 Required documents available to the public | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | Change in fair value of interest rate swap - -196117; |
| FORM 990, PART VII, LINE 1A BOARD MEMBER COMPENSATION | Compensation reported in Part VII and Schedule J for Board Members who are employees of Indiana University, Purdue University, Central Indiana Corporate Partnership Inc, and University of Notre Dame, Du Lac is compensation annually reported and disclosed as required under state statute. In addition, some of these individuals participate in retirement and benefit plans provided by the supported organizations. |
| FORM 990, SCHEDULE J, PART II BOARD MEMBER COMPENSATION | Compensation reported in Part VII and Schedule J for Board Members who are employees of Indiana University, Purdue University, Central Indiana Corporate Partnership Inc, and University of Notre Dame, Du Lac is compensation annually reported and disclosed as required under state statute. In addition, some of these individuals participate in retirement and benefit plans provided by the supported organizations. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 16 TECH COMMUNITY CORPORATION | |||||||||||
| 300 NORTH MERIDIAN STREET | SUITE 950 | INDIANAPOLIS | IN | 46204 | 810853467 | FOSTER ECONOMIC DEVELOPMENT IN THE CITY OF INDIANAPOLIS | IN | 501(c)(3) | Type I | NA | false |
| STATE OF INDIANA | |||||||||||
| 1 North Capitol Ave Suite 700 | Indianapolis | IN | 46204 | Indiana State government | IN | 501(c)(1) | na | false | |||
| CENTRAL INDIANA CORPORATE PARTNERSHIP INC | |||||||||||
| 1210 Waterway Blvd Ste 5000 | Indianapolis | IN | 46202 | 352065459 | Economic development | IN | 501(c)(6) | na | false | ||
| INDIANA UNIVERSITY | |||||||||||
| 400 E 7th St Rm 501 | Bloomington | IN | 47405 | 356001673 | Education | IN | 501(c)(3) | 2 | NA | false | |
| PURDUE UNIVERSITY | |||||||||||
| 1281 Win Hentschel Blvd | Suite 1100 | West Lafayette | IN | 47906 | 356002041 | Education | IN | 501(c)(3) | 2 | na | false |
| UNIVERSITY OF NOTRE DAME DU LAC | |||||||||||
| Controllers Office | 724 Grace Hall | Notre Dame | IN | 46556 | 350868188 | Education | IN | 501(c)(3) | 2 | na | false |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (true) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |