Indiana Technology & Innovation Association
- Assets
- $102.3k
- Revenue
- $147.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 83-2230921
Organization Overview
Indiana Technology & Innovation Association is located in Indianapolis, IN. The organization was established in 2019. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Technology & Innovation Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Indiana Technology & Innovation Association generated $147.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.8% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE COMMON BUSINESS INTERESTS AND IMPROVE THE BUSINESS CONDITIONS AND PRACTICES OF TECHNOLOGY-DRIVEN COMPANIES AND THE TECHNOLOGY BUSINESS COMMUNITY. THE CORPORATION WILL CONDUCT MEETINGS AND COMMUNICATIONS TO DEVELOP PUBLIC POLICY PRIORITIES AND ADVOCATE FOR THEM WITH STATE OR LOCAL EXECUTIVE AND LEGISLATIVE LEADERS IN THE STATE OF INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ITIA WORKED WITH TECHNOLOGY COMPANY EXECUTIVES TO DEVELOP AND ADVANCE A STATE PUBLIC POLICY AGENDA, BASED ON THE TOPICS OF CAPITAL, TALENT AND PLACE, THAT WILL STRENGTHEN INDIANA'S TECHNOLOGY INDUSTRY.
ITIA HOSTED A NUMBER OF EVENTS INCLUDING AN ALL MEMBER MEETING THAT BROUGHT TOGETHER TECHNOLOGY LEADERS FROM ACROSS THE STATE TO DISCUSS ISSUES FACING THE TECHNOLOGY INDUSTRY, BARRIERS TO GROWTH AND PRIORITIES TO FUEL TECHNOLOGY JOB GROWTH AND INNOVATION. ITIA ALSO PARTNERED WITH OTHER TECH-FOCUSED ORGANIZATIONS ON A LEGISLATIVE UPDATE EVENT THAT PROVIDED TECH LEADERS AN OPPORTUNITY TO MEET WITH STATE LEGISLATORS AND EXECUTIVE BRANCH DECISION MAKERS. ADDITIONALLY, ITIA HELD SEVERAL EVENTS IN DIFFERENT REGIONS OF THE STATE TO ENGAGE AND CONNECT LOCAL TECH LEADERS, AND UPDATE THEM ON PUBLIC POLICY AND ISSUES IMPACTING THE INDUSTRY.
ITIA PROVIDED WEEKLY EMAIL COMMUNICATIONS TO TECH LEADERS WITH UPDATES ON NEWS IMPACTING THE TECH INDUSTRY AND OPPORTUNITIES TO ENGAGE WITH STATE LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Becker President | OfficerTrustee | 5 | $0 |
Amy Waggoner Director | Trustee | 1 | $0 |
John Mcdonald Director | Trustee | 1 | $0 |
Christopher Day Director | Trustee | 1 | $0 |
Brent Oakley Secretary And Director | OfficerTrustee | 5 | $0 |
John Wechsler Vice President And Direc | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $124,900 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,291 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,191 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $147,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $78,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,145 |
| Fees for services: Lobbying | $23,800 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,500 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,202 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $136,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,321 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $102,321 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $102,321 |
| Total liabilities and net assets/fund balances | $102,321 |