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Nonprofiteer
← BATTERY INNOVATION CENTER INSTITUTE INC

Form 990 for tax year 2023

Filed by BATTERY INNOVATION CENTER INSTITUTE INC.

Totals

Total revenue
$4,491,712
Total expenses
$4,544,490
Contributions and grants received
$0
Grants paid
$3,637
Program service revenue
$4,404,637
Investment income
-$136
Other revenue
$87,211
Total assets, end of year
$5,989,729
Total liabilities, end of year
$1,977,952
Net assets or fund balances, end of year
$4,011,777
Program services expenses (Part IX)
$4,542,290
Management and general expenses
$0
Fundraising expenses
$2,200
Program service expenses (Part III)
$4,542,290

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: FACILITY USE

    total $3,486,291 · related or exempt $3,486,291

  • 2b · Program service revenue: EDA/IEDC GRANT REIMB INCOME

    total $599,260 · excluded $599,260

  • 2c · Program service revenue: BIC SHORT COURSE

    total $319,086 · related or exempt $319,086

  • 3 · Investment income

    total $2,367 · related or exempt $2,367

  • 7a · Gross sales of assets other than inventory

    other assets $204,070

  • 7b · Less cost or other basis and sales expenses

    other assets $206,573

  • 7c · Gain or loss

    other assets -$2,503

  • 7d · Net gain or loss

    total -$2,503 · related or exempt -$2,503

  • 11a · Other revenue: MATERIALS/NRES INCOME

    total $61,904 · related or exempt $61,904

  • 11b · Other revenue: SHIPPING & DELIVERY INCOME

    total $25,307 · related or exempt $25,307

  • 11e · Other revenue, total

    $87,211

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,637 · program services $3,637

  • 7 · Other salaries and wages

    total $1,618,576 · program services $1,618,576

  • 9 · Other employee benefits

    total $416,173 · program services $416,173

  • 10 · Payroll taxes

    total $124,920 · program services $124,920

  • 11b · Fees: legal

    total $44,092 · program services $44,092

  • 11c · Fees: accounting

    total $3,490 · program services $3,490

  • 11g · Fees: other

    total $146,729 · program services $146,729

  • 12 · Advertising and promotion

    total $62,853 · program services $62,853

  • 13 · Office expenses

    total $34,538 · program services $34,538

  • 14 · Information technology

    total $61,189 · program services $61,189

  • 16 · Occupancy

    total $151,681 · program services $151,681

  • 17 · Travel

    total $118,383 · program services $118,383

  • 20 · Interest

    total $152,390 · program services $152,390

  • 22 · Depreciation, depletion and amortization

    total $639,439 · program services $639,439

  • 23 · Insurance

    total $53,179 · program services $53,179

  • 24a · Other expenses: RENT EXPENSE

    total $422,202 · program services $422,202

  • 24b · Other expenses: COGS

    total $324,299 · program services $324,299

  • 24c · Other expenses: FACILITIES & EQUIPMENT

    total $82,870 · program services $82,870

  • 24d · Other expenses: SUPPLIES

    total $31,361 · program services $31,361

  • 24e · All other expenses

    total $52,489 · program services $50,289 · fundraising $2,200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $454,609 · end of year $1,137,929

  • 4 · Accounts receivable

    beginning of year $1,242,481 · end of year $794,125

  • 7 · Other notes and loans receivable

    end of year $105,463

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,602 · end of year $34,006

  • 10a · Land, buildings and equipment: cost or other basis

    $6,016,902

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,098,979

  • 10c · Land, buildings and equipment, net

    beginning of year $8,345,572 · end of year $3,917,923

  • 14 · Intangible assets

    beginning of year $340 · end of year $283

  • 17 · Accounts payable and accrued expenses

    beginning of year $599,433 · end of year $365,175

  • 19 · Deferred revenue

    end of year $15,649

  • 25 · Other liabilities

    beginning of year $5,646,808 · end of year $1,597,128

  • 27 · Net assets without donor restrictions

    beginning of year $3,836,363 · end of year $4,011,777

Mission and programs · 2023

Mission

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.

  • 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.

    Expenses $4,542,290 · Grants $3,637

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Benjamin Wrightsman

    PRESIDENT/CE

    Total calculated
    $150,465
    From this org
    $150,465
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.58 + 3.58 related

    Schedule J breakdown matched by us

    Base
    $150,465
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $150,465

  • Leslie Alexander

    PRESIDENT/CE

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • Chad Pittman

    TREASURER/BO

    Total calculated
    $0
    Hours/week
    5.08 + 5.08 related

  • David Roberts

    BOARD CHAIR

    Total calculated
    $34,346
    From this org
    $34,346
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.08 + 4.08 related

  • Paul Mitchell

    SECRETARY/BO

    Total calculated
    $450,000
    From this org
    $0
    From related orgs
    $450,000
    Other
    $0
    Hours/week
    5.08 + 5.08 related

    Schedule J breakdown matched by us

    Base
    not reported + $450,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $450,000 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2024
IRS schema version
2023v5.0
Source object
202421239349300617

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