Ninetwelve Institute Inc
- Assets
- $19.3m
- Revenue
- $23.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Zionsville, IN
- Founding
- Data as of
- 12/2022
- EIN
- 84-4615768
Organization Overview
Ninetwelve Institute Inc is located in Zionsville, IN. According to its NTEE Classification (U02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ninetwelve 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 12/2022, Ninetwelve Institute Inc generated $23.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 40.6% each year . All expenses for the organization totaled $28.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ninetwelve Institute Inc has awarded 242 individual grants totaling $29,449,517. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC AND EDUCATIONAL PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF THE DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW). ITS PRIMARY FOCUS IS TO SUPPORT THE GOVERNMENT'S SCIENCE, TECHNOLOGY, AND ECONOMIC DEVELOPMENT OBJECTIVES BY CONNECTING THE ENTREPRENEURIAL, INNOVATION AND BUSINESS ACUMEN OF THE PRIVATE SECTOR WITH THE TECHNICAL RESEARCH CAPABILITIES OF ACADEMIC RESEARCHERS AND GOVERNMENT LABORATORIES TO DELIVER ADVANCED TECHNOLOGY FASTER, CHEAPER AND BETTER TO BENEFIT BOTH THE FEDERAL GOVERNMENT AND THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLABORATE WITH PRIVATE INDUSTRY, ACADEMIC INSTITUTIONS, OTHER GOVERNMENTAL ENTITIES AND SECTOR-SPECIFIC ORGANIZATIONS FOR PROJECT ACTIVITIES FOCUSED ON BUILDING THE INFRASTRUCTURE AND ECOSYSTEM IN FIFTH GENERATION BROADBAND (5G) AND TRUSTED MICROELECTRONICS TO ENABLE INDIANA TO LEAD IN RAPIDLY EVOLVING TECHNOLOGIES SUCH AS BIG DATA, ARTIFICIAL INTELLIGENCE, MACHINE LEARNING, INTERNET OF THINGS, AND CYBERSECURITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Pittman Principal Of | Officer | 30 | $72,691 |
Alison French Board Member | Officer | 1 | $0 |
Kathleen Swanson Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,160,776 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,160,776 |
| Total Program Service Revenue | $13,456,661 |
| Investment income | $1,106 |
| 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 | $22,978,939 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,048,132 |
| 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. | $72,691 |
| Compensation of current officers, directors, key employees. | $72,691 |
| Compensation to disqualified persons | $338,541 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $298,037 |
| Fees for services: Management | $39,159 |
| Fees for services: Legal | $165,837 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $263,318 |
| Advertising and promotion | $114,809 |
| Office expenses | $168,069 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $722,673 |
| Travel | $611,578 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75 |
| Interest | $100,108 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,314 |
| Insurance | $63,328 |
| All other expenses | $160,676 |
| Total functional expenses | $28,523,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,210,070 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,846,633 |
| 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 | $541,859 |
| Net Land, buildings, and equipment | $2,631,378 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $114,255 |
| Other assets | $2,916,223 |
| Total assets | $19,260,418 |
| Accounts payable and accrued expenses | $2,229,111 |
| 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 | $3,596,192 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,825,303 |
| Net assets without donor restrictions | $3,959,327 |
| Net assets with donor restrictions | $9,475,788 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $19,260,418 |
Grants Awarded
Over the last fiscal year, Ninetwelve Institute Inc has awarded $13,043,132 in support to 142 organizations.
| Grant Recipient | Amount |
|---|---|
8020 INC PURPOSE: RESEARCH | $150,000 |
A&A CUSTOM AUTOMATION PURPOSE: RESEARCH | $25,000 |
AEGIS SALES & ENGINEERING INC PURPOSE: RESEARCH | $40,000 |
ALUMINUM INSIGHTS LLC PURPOSE: RESEARCH | $168,750 |
ADDMAN ENGINEERING LLC PURPOSE: RESEARCH | $150,000 |
AMATROL INC PURPOSE: RESEARCH | $140,245 |