16 Tech Community Corporation

16 Tech Community Corporation Overview

16 Tech Community Corporation is located in Indianapolis, IN. The organization was established in 2016. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2019, 16 Tech Community Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

16 TECH COMMUNITY CORPORATION (16 TECH CC) IS DEDICATED TO THE CREATION OF THE 16 TECH INNOVATION DISTRICT, THE GEOGRAPHIC AREA DELIVERING A NEW APPROACH TO FOSTERING ECONOMIC GROWTH AND INNOVATION IN INDIANAPOLIS. 16 TECH CC EXPECTS TO CATALYZE THIS NEW FORM OF INNOVATION THROUGH A "PLACE-MAKING" STRATEGY, CREATING A ZONE OF ECONOMIC ACTIVITY DESIGNED WITH THE SPECIFIC PURPOSE OF ENGENDERING COLLABORATION AND INNOVATION AMONG INDIANA'S ADVANCED INDUSTRIES - LIFE SCIENCES, ADVANCED MANUFACTURING, AND TECH IN ALL ITS FORMS-AND LEADING ENTREPRENEURS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AT ITS HEART, THE 16 TECH INNOVATION DISTRICT IS SIMULTANEOUSLY A VISION, A PART OF A BROADER STRATEGY, AND A PLACE. THE VISION IS ONE OF MOMENTUM, DRIVING CENTRAL INDIANA TO THE LEVEL OF GLOBAL LEADER THROUGH TALENT ATTRACTION, DEVELOPMENT, AND RETENTION. THE STRATEGY RESTS ON THE SPECIFIC DESIGN AND CREATION OF AN INNOVATION DISTRICT OF INTENTIONAL INCLUSIVENESS DESIGNED TO ATTRACT THE BEST AND BRIGHTEST TO INDIANAPOLIS. THE DISTRICT IS A NEW URBAN DEVELOPMENT IN DOWNTOWN INDIANAPOLIS STRUCTURED PURPOSEFULLY TO COMPEL INNOVATION THROUGH THE COLLISION OF HIGH-TALENT INDIVIDUALS FROM MULTIPLE SECTORS. 16 TECH'S MAJOR OUTCOMES WILL BE GENERATED THROUGH THE CO-LOCATION OF INDIANA'S ADVANCED INDUSTRIES: LIFE SCIENCES, ADVANCED MANUFACTURING, AND TECH IN ALL ITS FORMS. 16 TECH PROVIDES A DEDICATED PLACE FOR BOTH START-UPS AND MATURE COMPANIES TO CREATE AND INNOVATE. THE CO-LOCATION OF UNIVERSITY RESOURCES, RESEARCH FACILITIES, AND CORPORATE ASSETS WILL BE SUPPORTED WITH WRAP-AROUND QUALITY-OF-LIFE SERVICES ENCOURAGING A LIVE, WORK, PLAY, AND LEARN ENVIRONMENT. THIS DESIGN WILL NOT ONLY ATTRACT THE BEST AND BRIGHTEST IN EACH INDUSTRY, BUT, MORE IMPORTANTLY, WILL PROVIDE THOUGHT LEADERS AND ENTREPRENEURS ACROSS THE TECHNOLOGY SPECTRUM WITH THE OPPORTUNITY TO MEET, COLLABORATE, AND ACCELERATE INNOVATION. IN THE FIRST TEN YEARS, 16 TECH IS EXPECTED TO GENERATE MORE THAN 2,600 JOBS OF ALL SKILL LEVELS. THIS PROVIDES OPPORTUNITIES BOTH TO RECRUIT WORLD-CLASS TALENT AND ALSO TO RETAIN RECENT UNIVERSITY GRADUATES IN INDIANAPOLIS. THROUGH JOB TRAINING AND EDUCATION, WE ALSO HAVE THE OPPORTUNITY TO UPSKILL RESIDENTS IN THE NEIGHBORHOODS SURROUNDING THE 16 TECH INNOVATION DISTRICT FOR CAREERS CLOSE TO HOME. 16 TECH CC HAS MET A NUMBER OF DEVELOPMENT MILESTONES TO DATE, WITH MORE ON THE HORIZON IN HTE NEXT TWO TO SIX MONTHS.


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16 Tech Community Corporation Board, Officers & Key Employees

Name (title)Compensation
Robert W Coy Jr
President And CEO
$346,323
Emily Krueger
Cheif Operating Officer
$197,097
Eric Miller
Director Of Business Development
$129,108
Robert Herzog
Cheif Financial Officer
$57,693
Tory Castor
Secretary
$0
Matt Gutwein
Treasurer
$0

16 Tech Community Corporation Vendors

Vendor Name (Service)Compensation
Citizens Energy
Infrastructure Design, Planning, And Dev
$9,000,000
Bowen Engineering
Infrastructure Design, Planning, And Dev
$5,331,992
Ctl Engineering Of Ohio
Infrastructure Design, Planning, And Dev
$398,650
Reith Riley
Infrastructure Design, Planning, And Dev
$3,769,412
American Structurepoint Inc
Infrastructure Design, Planning, And Dev
$956,603
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$4,460,000
Government grants $16,538,759
All other contributions, gifts, grants, and similar amounts not included above$561,527
Noncash contributions included in lines 1a–1f $4,467,110
Total Revenue from Contributions, Gifts, Grants & Similar$21,560,286
Total Program Service Revenue$17,358,762
Investment income $191,822
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $50,605
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $39,161,475

16 Tech Community Corporation Grants Recieved

Over the last fiscal year, we have identified 2 grants that 16 Tech Community Corporation has recieved totaling $25,050,000.

Awarding OrganizationAmount
Lilly Endowment Inc

Indianapolis, IN

PURPOSE: PHASE I DEVELOPMENT

$18,000,000
Lilly Endowment Inc

Indianapolis, IN

PURPOSE: GENERAL OPERATING SUPPORT

$7,050,000
View Grant Recipient Profile

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