2021-11-15T12:01:04-06:00 2020-12-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2020-01-01 462882271 Indiana Biosciences Research Institute Inc INDI 3179833350 1210 Waterway Blvd 2000 Indianapolis IN 46202 Mark Andersen CFO 2021-11-15 true Mark Andersen 999009999 Jennifer Burke P01342224 3128997000 2020 2022-09-23 18:48:47Z Mark Andersen 1210 Waterway Blvd 2000 Indianapolis IN 46202 96607250 false X www.indianabiosciences.org X 2013 IN THE IBRI IS AN INDEPENDENT LIFE SCIENCES INSTITUTE FOCUSED ON BOTH DISCOVERY AND APPLIED RESEARCH AIMED AT ADDRESSING MAJOR CHALLENGES TARGETING DIABETES, CARDIO-METABOLIC DISEASES, AND POOR NUTRITION. THE IBRI WORKS IN COLLABORATION WITH OTHERS PRIMARILY IN THE US MAKING RESULTS AVAILABLE TO THE PUBLIC ON A NON-DISCRIMINATORY BASIS. THE IBRI FACILITATES THE DEVELOPMENT OF INNOVATION TO AID THE STATE OF INDIANA AND ITS RESIDENTS TO IMPROVE PUBLIC HEALTH, ATTRACT TALENT AND INDUSTRY TO THE STATE, AND TO COMMERCIALIZE TECHNOLOGIES THAT MIGHT FOSTER FURTHER ECONOMIC DEVELOPMENT. 16 7 47 18 0 0 7915260 17435948 693780 909792 1512842 6636785 -694 -17643 10121188 24964882 0 0 6063279 6018112 24955 2375 1071809 5313401 6495355 11401635 12515842 -1280447 12449040 142532577 184375085 8238327 32619082 134294250 151756003 To become the leading independent, industry-inspired research institute in the discovery and development of innovative solutions to improve health, targeting diabetes, metabolic disease, and poor nutrition. false false 9882987 0 909792 THE INSTITUTE'S SCIENTIFIC RESEARCH FOCUSES ON DISCOVERING INNOVATIVE SOLUTIONS FOR DISEASES, INCLUDING THE INTERRELATED METABOLIC DISORDERS OF CARDIOVASCULAR DISEASE, DIABETES, OBESITY, AND NUTRITION. 9882987 true true false true false false false false true true true false true true true true false false true true false false false false false false false false true false false false false false false false false true false false false false true true false false false true 33 0 true 47 true true true false false false false false false false false false false false X 16 7 false false true false false false false true true false false true true true true true true true true true true IN X Mark Andersen 3179833350 1210 Waterway Blvd INDIANAPOLIS IN 46202 ALAN PALKOWITZ PhD PRESIDENT & CEO 0.5 39.5 X X 109091 204961 39209 DANIEL F EVANS JR EXECUTIVE CHAIR 30.0 X X 146667 0 0 RAINER FISCHER PhD CEO & CSIO (Partial Year) 40.0 0.5 X X 846312 0 21863 WAYNE BURRIS TREASURER 0.5 X X 0 0 0 AARON SCHACHT DIRECTOR 0.5 X 0 0 0 CRIS JOHNSTON DIRECTOR 0.5 39.5 X 0 141944 19633 DANIEL PETERSON DIRECTOR 0.5 X 0 0 0 HANY MOSELHI MD Director 0.5 X 0 0 0 JAY HESS MD DIRECTOR 0.5 39.5 X 0 1071612 257000 JOHN C LECHLEITER PhD DIRECTOR 0.5 X 0 0 0 JON C SERBOUSEK DIRECTOR (partial year) 0.5 X 0 0 0 KENNETH CUSTER PHD DIRECTOR 0.5 X 0 0 0 KRISTINA BOX MD DIRECTOR (partial year) 0.5 39.5 X 0 200618 0 PATRICIA MARTIN DIRECTOR 0.5 39.5 X 0 406445 57787 ROBERT BERNHARD PHD DIRECTOR 0.5 39.5 X 0 457571 56570 TATIANA FOROUD PHD DIRECTOR 0.5 39.5 X 0 414236 21384 THERESA MAYER PHD DIRECTOR 0.5 39.5 X 0 397729 0 WENDY SRNIC PHD DIRECTOR 0.5 X 0 0 0 WILLIAM B STEPHAN DIRECTOR 0.5 39.5 X 0 631490 117021 JOHN (JAY) M MCGILL PhD CHIEF OPERATING OFFICER 40.0 0.5 X 363810 0 33710 MARK ANDERSEN CHIEF FINANCIAL OFFICER 40.0 X 296584 0 33848 DANIEL ROBERTSON PhD RESEARCH FELLOW & VP OF DIGITAL TECHNOLOGY 40.0 X 249216 0 32761 STEPHANIE GRINAGE VICE PRESIDENT FOR ADVANCEMENT 40.0 X 248288 0 25295 VIDADI YUSIBOV PhD SENIOR RESEARCH FELLOW 40.0 X 304161 0 28957 BHUPAL BAN PhD SR STAFF SCIENTIST 40.0 X 126191 0 24960 BRIAN FILLENWARTH FINANCIAL CONTROLLER 40.0 X 163881 0 11462 MICHAEL PUGIA PhD RESEARCH FELLOW 40.0 X 247516 0 24818 MUSTAPHA MOUSSAIF PhD SR STAFF SCIENTIST 40.0 X 117205 0 23964 STEVEN A HANEY RESEARCH DIRECTOR 40.0 X 117240 0 10279 3336162 3926606 840521 15 false true false Strategic Investment Group 1001 Nineteenth Street North 16th Floor Arlington VA 22209 Investment Services 475001 HD BIOSCIENCES INC Unit 826 8/F Ocean CTR 5 Canton Rd TST Harbour City KLN HK Research Services 258591 BlackInk IT 1101 E 16th Street Suite 300 Indianapolis IN 46202 IT Support 218705 Faegre Baker Daniels 600 E 96TH STREET SUITE 600 INDIANAPOLIS IN 462403789 Legal Services 133393 RadCube 9449 Priority Way Indianapolis IN 46240 Research Services 84560 4 10039922 7396026 1021778 17435948 Research Collaboration 541700 903580 903580 Research Services 541700 6212 6212 0 0 0 0 909792 758223 758223 64665 82308 -17643 0 -17643 -17643 77438622 71560060 5878562 0 5878562 5878562 0 0 0 0 0 24964882 909792 0 6619142 2747795 1989056 349686 409053 2486734 1800081 316463 370190 244643 200607 31804 12232 238368 174648 11215 52505 300572 246469 39074 15029 266708 164683 78001 24024 58403 58403 34025 16500 17525 2375 2375 558336 418752 83750 55834 695075 650347 33785 10943 89510 44711 22355 22444 89786 71506 12883 5397 372922 168873 184821 19228 0 0 0 0 952086 717585 234501 0 34153 28736 3285 2132 0 0 0 0 2870 2785 61 24 227721 174888 34158 18675 0 0 0 0 1274501 1201457 43826 29218 49811 38355 6475 4981 Lab Expenses 1761986 1761986 Loss on Disposal 27462 27462 0 0 0 0 12515842 9882987 1561046 1071809 0 2976766 1278365 6100000 7178222 194067 552010 0 0 0 0 0 0 130802 112008 14665213 3278635 2927509 11386578 62575079 65108945 67628354 78107992 0 0 0 20650965 142532577 184375085 1132916 1150668 300000 0 1293247 978491 0 0 0 0 0 0 5512164 9269637 0 0 21220286 8238327 32619082 X 101064618 98618316 33229632 53137687 0 0 0 134294250 151756003 142532577 184375085 X 12449040 5253029 0 -240316 X false true X true false X X X 5 CENTRAL INDIANA CORPORATE PARTNERSHIP INC 352065459 9 true 5300 0 STATE OF INDIANA 000000000 6 true 0 0 INDIANA UNIVERSITY 356001673 2 true 1159778 0 PURDUE UNIVERSITY 356002041 2 true 28435 0 UNIVERSITY OF NOTRE DAME DU LAC 350868188 2 true 50875 0 5 1244388 0 true true true true true false true false false false false false false false false false false false true false 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 A, Part IV, Section A, Line 5a Added, Substituted, or Removed Sup. Org. IBRI amended and restated its Articles of Incorporation effective August 17, 2020, so that it would comply with the requirements of a section 509(a)(3) Type I supporting organization. Its Amended and Restated Articles name the following organizations as supported organizations: Central Indiana Corporate Partnership, Inc. (EIN: 35-2065459 - a 501(c)(6) business league); Indiana University (EIN: 35-6001673 - a state university); Purdue University (EIN: 35-6002041 - a state university); University of Notre Dame du Lac (EIN: 35-0868188 - a school described in section 170(b)(1)(A)(ii)); and the State of Indiana (a state governmental unit described in section 170(b)(1)(A)(v)). Before August 17, 2020, no supported organizations were named because IBRI was classified as a publicly supported charity under section 170(b)(1)(A)(vi). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 34025 34025 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY MEMBERS OF IBRI MANAGEMENT MET WITH INDIANA LEGISLATORS AND STAFF FOR THE PURPOSE OF SOLICITING GOVERNMENTAL GRANTS TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. 128938033 15523690 11889815 14400000 141951538 111610169 16576898 10750966 7700000 2300000 128938033 107715560 5000000 -1105391 111610169 95933567 5000000 6781993 107715560 0 95046251 887316 0 0 0 95933567 0.6846 0.2777 0.0377 false false 7037876 54211 6983665 7505250 3103828 4401422 122087 120596 1491 11386578 Commingled Investment Funds 76842592 F Equity Investment 1265400 F 78107992 Lease Right of Use Asset 20650965 20650965 Deferred Rent Incentive Bldg lease liability 20979970 Swap Valuation - Lake City Bank 240316 21220286 X 29741883 5253029 0 0 0 5253029 24488854 558336 -82308 476028 24964882 12039814 0 0 12039814 558336 -82308 476028 12515842 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, 2020 or 2019. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Rental Expense - -82308 - Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Rental Expense - -82308 East Asia and the Pacific 0 1 Program Services SCIENTIFIC ADVISORY SERVICES 258591 Europe (Including Iceland and Greenland) 0 0 Investments n/a 10035 Central America and the Caribbean 0 0 Investments n/a 19502065 East Asia and the Pacific 0 0 Investments n/a 129409 North America (Canada & Mexico only) 0 1 Program Services IT Services 9479 0 2 0 0 0 2 19909579 0 19909579 true false true true false false X X X X X true false false false false false false false false RAINER FISCHER PhD CEO & CSIO (Partial Year) 296312 0 0 0 550000 0 14850 0 7013 0 868175 0 0 0 ALAN PALKOWITZ PhD PRESIDENT & CEO 109091 204961 0 0 0 0 6545 13674 687 18303 116323 236938 0 0 WILLIAM B STEPHAN DIRECTOR 0 322002 0 0 0 309488 0 95663 0 21358 0 748511 0 0 KRISTINA BOX MD DIRECTOR (partial year) 0 200618 0 0 0 0 0 0 0 0 0 200618 0 0 PATRICIA MARTIN DIRECTOR 0 351182 0 54075 0 1188 0 27193 0 30594 0 464232 0 0 ROBERT BERNHARD PHD DIRECTOR 0 457571 0 0 0 0 0 40250 0 16320 0 514141 0 0 TATIANA FOROUD PHD DIRECTOR 0 414236 0 0 0 0 0 13674 0 7710 0 435620 0 0 JAY HESS MD DIRECTOR 0 852358 0 219254 0 0 0 257000 0 0 0 1328612 0 0 CRIS JOHNSTON DIRECTOR 0 141944 0 0 0 0 0 0 0 19633 0 161577 0 0 THERESA MAYER PHD DIRECTOR 0 397729 0 0 0 0 0 0 0 0 0 397729 0 0 MARK ANDERSEN CHIEF FINANCIAL OFFICER 267383 0 29201 0 0 0 16651 0 17197 0 330432 0 0 0 JOHN (JAY) M MCGILL PhD CHIEF OPERATING OFFICER 317946 0 45864 0 0 0 17100 0 16610 0 397520 0 0 0 DANIEL ROBERTSON PhD RESEARCH FELLOW & VP OF DIGITAL TECHNOLOGY 249216 0 0 0 0 0 15570 0 17191 0 281977 0 0 0 VIDADI YUSIBOV PhD SENIOR RESEARCH FELLOW 304161 0 0 0 0 0 17100 0 11857 0 333118 0 0 0 STEPHANIE GRINAGE VICE PRESIDENT FOR ADVANCEMENT 235028 0 13260 0 0 0 13372 0 11923 0 273583 0 0 0 MICHAEL PUGIA PhD RESEARCH FELLOW 247516 0 0 0 0 0 15450 0 9368 0 272334 0 0 0 BRIAN FILLENWARTH FINANCIAL CONTROLLER 163881 0 0 0 0 0 9876 0 1586 0 175343 0 0 0 BHUPAL BAN PhD SR STAFF SCIENTIST 126191 0 0 0 0 0 7950 0 17010 0 151151 0 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment In 2020 RAINER FISCHER, PHD was paid severance in the amount of $550,000. X 1 1021778 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - number of contributions 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 4 Significant changes to organizational documents The summarized changes to the governing documents are as follows: 1. The organization became a supporting organization of: a. Central Indiana Corporate Partnership, Inc. b. Indiana University c. Purdue University d. University of Notre Dame du Lac e. State of Indiana 2. The majority of the directors of the corporation shall be persons appointed by one of the supported organizations and will consists of no less than 3 and no more than 25 individuals. 3. If the corporation is dissolved, all of its property remaining after payment and discharge of its obligations shall be transferred and conveyed, subject to any contractual or legal requirements, to one or more of the supported organizations. Form 990, Part VI, Line 11b Review of form 990 by governing body IBRI'S TAX RETURN 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 A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE CEO 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 SEPTEMBER 2020. 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 CEO, CSIO, CHIEF OF STAFF, 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 SEPTEMBER 2020. 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 - -240316; 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 Sierra Diagnostics Inc 1345 W 16th St Ste 300 Indianapolis IN 46202 851059747 Lab Instrument Manufacturing IN Indiana Biosciences Research Institute C Corporation 0 0 true false false false false false false true true false false true false false false true false false false false