Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
| (A)
INDIANA UNIVERSITY |
356001673 | 6 | Yes | 0 | 0 | |
| (B)
INDIANA UNIVERSITY HEALTH INC |
351955872 | 3 | Yes | 0 | 0 | |
| (C)
INDIANA BIOSCIENCES RESEARCH INSTITUTE INC |
462882271 | 7 | Yes | 0 | 0 | |
| (D)
THE HEALTH AND HOSPITAL CORPORATION OF MARION COUNTY |
356005697 | 6 | Yes | 0 | 0 | |
| (E)
CENTRAL INDIANA CORPORATE PARTNERSHIP INC |
352065459 | 10 | Yes | 0 | 0 | |
| (F)
THE CITY OF INDIANAPOLIS |
356001063 | 6 | Yes | 0 | 6,209,755 | |
| (G)
DEPT OF PUBLIC UTILITIES OF THE CITY OF INDIANAPOLIS DBA CITIZENS ENERGY |
356000930 | 6 | Yes | 0 | 0 | |
| (H)
INDIANA ECONOMIC DEVELOPMENT CORPORATION |
356000158 | 6 | Yes | 0 | 0 | |
|
Total 8
|
0 | 6,209,755 | ||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2020 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2020 |
(iii) Distributable Amount for 2020 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2020 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
||||
| 3 Excess distributions carryover, if any, to 2020: | ||||
| a From 2015....... | ||||
| b From 2016....... | ||||
| c From 2017....... | ||||
| d From 2018....... | ||||
| e From 2019....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2020 distributable amount | ||||
|
i
Carryover from 2015 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2020 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2020 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2020, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
6
Remaining underdistributions for 2020. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
7 Excess distributions carryover to 2021. Add lines 3j and 4c. |
||||
| 8 Breakdown of line 7: | ||||
| a Excess from 2016..... | ||||
| b Excess from 2017..... | ||||
| c Excess from 2018..... | ||||
| d Excess from 2019..... | ||||
| e Excess from 2020..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| PART IV, SECTION A, LINE 2: | FOUR SUPPORTED ORGANIZATIONS DO NOT HAVE IRS DETERMINATION LETTERS. 1) THE HEALTH AND HOSPITAL CORPORATION OF MARION COUNTY, INDIANA IS A MUNICIPAL CORPORATION AND POLITICAL SUBDIVISION OF THE STATE OF INDIANA. 2) THE CITY OF INDIANAPOLIS IS A LOCAL GOVERNMENTAL UNIT. 3) THE DEPARTMENT OF PUBLIC UTILITIES OF THE CITY OF INDIANAPOLIS DBA CITIZENS ENERGY GROUP IS A MUNICIPAL CORPORATION AND ASSOCIATED WITH THE CITY OF INDIANAPOLIS. 4) THE INDIANA DEPARTMENT ECOMONIC DEVELOPMENT IS AN INDIANA STATE AGENCY. |
| PART IV, SECTION A, LINE 5A: | THE DEPT OF PUBLIC UTILITIES OF THE CITY OF INDIANAPOLIS DBA CITIZENS ENERGY GROUP (EIN: 35-60000930) AND THE INDIANA BIOSCIENCES RESEARCH INSTITUTE, INC. (EIN: 46-2882271) WERE SUPPORTED ORGANIZATIONS THROUGH OCTOBER 22, 2020. 16 TECH UPDATED THE BYLAWS TO ACCOUNT FOR THEIR REMOVAL. |
| PART IV, SECTION A, LINE 3B: | CENTRAL INDIANA CORPORATE PARTNERSHIP IS A 501(C)(6). 16 TECH CC HAS ACCESS TO AND HAS REVIEWED THE PUBLIC SUPPORT TEST AND THE RELATED UNDERLYING SUPPORT DOCUMENTATION TO PROVIDE CONFIRMATION. |
| PART IV, SECTION A, LINE 3C: | ALL SUPPORT PROVIDED BY CENTRAL INDIANA CORPORATE PARTNERSHIP WILL BE REVIEWED BY 16 TECH CC TO ENSURE IT IS CONSIDERED CHARITABLE IN NATURE. IF NEEDED, 16 TECH CC WILL ENGAGE ITS ATTORNEYS TO PROVIDE AN ASSESSMENT OF THE SUPPORT TO ENSURE IT IS EXCLUSIVELY FOR SECTION 170(C)(2)(B) PURPOSES PRIOR TO PROVIDING SUCH SUPPORT. |
| SCHEDULE A, PART I, LINE 12G | THE DEPT OF PUBLIC UTILITIES OF THE CITY OF INDIANAPOLIS DBA CITIZENS ENERGY GROUP AND THE INDIANA BIOSCIENCES RESEARCH INSTITUTE, INC. WERE SUPPORTED ORGANIZATIONS THROUGH OCTOBER 22, 2020. THEY HAVE BEEN INCLUDED IN PART I DUE TO HAVING BEEN SUPPORTED ORGANIZATIONS DURING THE TAX YEAR. |
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| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART V, LINE 2. | ALL REQUIRED FEDERAL EMPLOYMENT TAX RETURNS FOR 16 TECH CC ARE FILED BY CENTRAL INDIANA CORPORATE PARTNERSHIP UNDER THE MANAGEMENT AGREEMENT THROUGH SEPTEMBER 30, 2020 AS REFERENCED FOR FORM 990, PART VII, SECTION A, LINE 4. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION BYLAWS WERE UPDATED AND BOTH THE DEPT OF PUBLIC UTILITIES OF THE CITY OF INDIANAPOLIS DBA CITIZENS ENERGY AND INDIANA BIOSCIENCES RESEARCH INSTITUTE ARE NO LONGER SUPPORTED ORGANIZATIONS. THEY WERE SUPPORTED ORGANIZATIONS THROUGH OCTOBER 22, 2020. |
| FORM 990, PART VI, SECTION B, LINE 11B | 16 TECH CC'S 990 WILL BE REVIEWED AND CIRCULATED TO THE BOARD OF DIRECTORS FOR APPROVAL PRIOR TO THE ANNUAL FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO EACH BOARD MEMBER FOR ANNUAL DISCLOSURE. EACH BOARD MEMBER IS REQUIRED TO SUBMIT THIS TO THE CORPORATION'S CHIEF FINANCIAL OFFICER. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PERFORMANCE AND COMPENSATION OF THE PRESIDENT, CEO, AND OTHER CHIEF EXECUTIVES ARE REVIEWED, ANALYZED AND SET BY THE 16 TECH CC BOARD OF DIRECTORS, WHICH USES A DISTINCT SET OF COMPARABLES TO THE COMPENSATION OF OTHER EXECUTIVES IN SIMILAR POSITIONS IN OTHER ORGANIZATIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | UPON REQUEST |
| FORM 990, PART VI, SECTION A, LINE 1B. | ROBERT W. COY, JR IS A BOARD MEMBER OF 16 TECH CC, AND THE PRESIDENT AND CEO OF 16 TECH CC. DAVID LAWTHER JOHNSON IS A BOARD MEMBER OF 16 TECH CC, AND AN OFFICER OF CENTRAL INDIANA CORPORATE PARTNERSHIP, INC (CICP), WHICH IS A SUPPORTED ORGANIZATION. CICP PROVIDES ADMINISTRATIVE SUPPORT THROUGH A MANAGEMENT AGREEMENT THROUGH SEPTEMBER 30, 2020. PAUL T. BABCOCK IS A BOARD MEMBER OF 16 TECH CC, AND AN OFFICER OF HEALTH AND HOSPITAL CORPORATION OF MARION COUNTY, INDIANA, WHICH IS A SUPPORTED ORGANIZATION. MATT GUTWEIN WAS A BOARD MEMBER OF 16 TECH CC THROUGH SEPTEMBER 16, 2020, AND AN OFFICER OF HEALTH AND HOSPITAL CORPORATION OF MARION COUNTY, INDIANA, WHICH IS A SUPPORTED ORGANIZATION. TORY CASTOR IS A BOARD MEMBER OF 16 TECH CC, AND AN OFFICER OF INDIANA UNIVERSITY HEALTH, WHICH IS A SUPPORTED ORGANIZATION. SARAH RIORDAN IS A BOARD MEMBER OF 16 TECH CC, AND AN OFFICER OF THE CITY OF INDIANAPOLIS, INDIANA, WHICH IS A SUPPORTED ORGANIZATION. ANGELA SMITH JONES WAS A BOARD MEMBER OF 16 TECH CC THROUGH AUGUST 2020, AND AN OFFICER OF THE CITY OF INDIANAPOLIS, INDIANA, WHICH IS A SUPPORTED ORGANIZATION. WILLIAM STEPHAN IS A BOARD MEMBER OF 16 TECH CC, AND AN OFFICER OF INDIANA UNIVERSITY, WHICH IS A SUPPORTED ORGANIZATION. DAVID ROBERTS IS A BOARD MEMBER OF 16 TECH CC, AND AN OFFICER OF INDIANA ECONOMIC DEVELOPMENT CORPORATION, WHICH IS A SUPPORTED ORGANIZATION. JAY MCGILL A BOARD MEMBER OF 16 TECH CC, AND AN OFFICER OF INDIANA BIOSCIENCES RESEARCH INSTITUTE (IBRI), WHICH IS A SUPPORTED ORGANIZATION, WHICH WAS A SUPPORTED ORGANIZATION THROUGH OCTOBER 22, 2020. JEFFREY HARRISON IS A BOARD MEMBER OF 16 TECH CC, AND AN OFFICER OF CITIZENS ENERGY GROUP, WHICH WAS A SUPPORTED ORGANIZATION THROUGH OCTOBER 22, 2020. |
| FORM 990, PART VII, SECTION A, COLUMNS D-F. | ANNUALLY A QUESTIONNAIRE IS PROVIDED TO EACH CURRENT AND FORMER DIRECTOR REQUESTING THE FOLLOWING INFORMATION FROM THE SUPPORTED ORGANIZATION FROM WHICH THEY REPRESENT OR SERVE AS A MEMBER OF THE SUPPORTED ORGANIZATIONS BOARD: THE DIRECTOR'S NAME, TITLE, AND COMPENSATION FROM EACH REQUIRED SUPPORTED ORGANIZATION. |
| FORM 990, PART VII, SECTION A, LINE 4. | ALL REPORTED COMPENSATION OF OFFICERS OR BOARD MEMBERS FOR THE TAX YEAR IS PROVIDED BY RELATED ORGANIZATIONS OR A PEO. PAYROLL SERVICES WERE PROVIDED BY CENTRAL CORPORATE PARTNERSHIP (CICP) UNDER A MANAGEMENT AGREEMENT THROUGH SEPTEMBER 30, 2020. 16 TECH REIMBURSED CICP FOR ANY PAYROLL OR OTHER COSTS INCURRED RELATED TO THIS AGREEMENT. BEGINING OCTOBER 1, 2020, PAYROLL IS REPORTED BY INSPERITY PEO. |
| FORM 990, PART XI, LINE 9: | BOOK TAX DIFFERENCE ON PASSTHROUGH - 16 TECH LEVERAGE LENDER, LLC -679,421. BOOK TAX DIFFERENCE ON PASSTHROUGH - INDY INNOVATIONS 1, LLC 657,307. |
| FORM 990, PART XII, LINE 2C. | 16 TECH CC'S FINANCE AND AUDIT COMMITTEE CONSISTS OF 4 MEMBERS OF THE BOARD OF DIRECTORS. THE AUDIT COMMITTEE OVERSEES ALL MATTERS RELATING TO AUDITING, ACCOUNTING AND FINANCIAL STATEMENTS, AND AUDITORS AND ACCOUNTANTS. |
| Software ID: | |
| Software Version: |