Battery Innovation Center Institute Inc

Organization Overview

Battery Innovation Center Institute Inc is located in Newberry, IN. The organization was established in 2013. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Battery Innovation Center Institute Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Battery Innovation Center Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Battery Innovation Center Institute Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 15.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ENHANCE AWARENESS AND INCREASE RESOURCES FOR INDIANA BASED RESEARCH AND DEVELOPMENT IN THE ADVANCED ENERGY STORAGE INDUSTRY IN ORDER TO FOSTER ECONOMIC DEVELOPMENT AND POSITION INDIANA AS A GLOBAL LEADER IN THE ADVANCED ENERGY STORAGE INDUSTRY AND TO ENCOURAGE AND PROMOTE THE BUSINESS INTERESTS OF INDIANA'S ADVANCED ENERGY STORAGE INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ENHANCE AWARENESS AND INCREASE RESOURCES FOR INDIANA BASED RESEARCH AND DEVELOPMENT IN THE ADVANCED ENERGY STORAGE INDUSTRY IN ORDER TO FOSTER ECONOMIC DEVELOPMENT AND POSITION INDIANA AS A GLOBAL LEADER IN THE ADVANCED ENERGY STORAGE INDUSTRY AND TO ENCOURAGE AND PROMOTE THE BUSINESS INTERESTS OF INDIANA'S ADVANCED ENERGY STORAGE INDUSTRY.


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Board, Officers & Key Employees

Name (title)Compensation
Benjamin Wrightsman
President
$50,000
Chad Pittman
Chairman/tre
$0
David Roberts
Director
$0
Brad Ellsworth
Secretary/di
$0
Paul Mitchell
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $20,000
All other contributions, gifts, grants, and similar amounts not included above$5,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$25,000
Total Program Service Revenue$4,527,544
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$12,082
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,855,829

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Battery Innovation Center Institute Inc has recieved totaling $260,278.

Awarding OrganizationAmount
Central Indiana Corporate Partnership Inc

Indianapolis, IN

PURPOSE: ESN IEDC GRANT PROJECT COLLABORATION

$211,182
Ninetwelve Institute Inc

Zionsville, IN

PURPOSE: RESEARCH

$49,096
View Grant Recipient Profile

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