Totals
- Total revenue
- $32,810,668
- Total expenses
- $16,934,023
- Contributions and grants received
- $31,624,845
- Grants paid
- $15,192,597
- Program service revenue
- $845,774
- Investment income
- $398,195
- Other revenue
- -$58,146
- Total assets, end of year
- $26,062,756
- Total liabilities, end of year
- $5,394,646
- Net assets or fund balances, end of year
- $20,668,110
- Program services expenses (Part IX)
- $16,723,447
- Management and general expenses
- $210,576
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $16,723,447
Program services were 98.8% 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.
-
1e · Government grants (contributions)
$31,624,845
-
2a · Program service revenue: COMMERCIAL SERVICES
total $845,774 · related or exempt $845,774
-
3 · Investment income
total $398,195 · excluded $398,195
-
6a · Gross rents
real property $288,072
-
6b · Less rental expenses
real property $346,347
-
6c · Rental income or loss
real property -$58,275
-
6d · Net rental income or loss
total -$58,275 · unrelated business -$58,275
-
11a · Other revenue: REFUNDS
total $129 · excluded $129
-
11e · Other revenue, total
$129
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $15,192,597 · program services $15,192,597
-
11a · Fees: management
total $94,165 · program services $94,165
-
11b · Fees: legal
total $135,507 · management and general $135,507
-
11c · Fees: accounting
total $10,900 · management and general $10,900
-
11g · Fees: other
total $10,337 · management and general $10,337
-
13 · Office expenses
total $30,381 · management and general $30,381
-
14 · Information technology
total $12,165 · management and general $12,165
-
16 · Occupancy
total $142,222 · program services $142,222
-
17 · Travel
total $13,508 · program services $13,508
-
22 · Depreciation, depletion and amortization
total $2,146 · management and general $2,146
-
23 · Insurance
total $7,033 · management and general $7,033
-
24a · Other expenses: OPERATING EXPENSES
total $692,018 · program services $692,018
-
24b · Other expenses: SUBCONTRACTOR LABOR
total $286,889 · program services $286,889
-
24c · Other expenses: BAD DEBT EXPENSE
total $180,708 · program services $180,708
-
24d · Other expenses: REPAIRS & MAINTENANCE
total $121,340 · program services $121,340
-
24e · All other expenses
total $2,107 · management and general $2,107
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,160,984 · end of year $1,182,485
-
2 · Savings and temporary cash investments
end of year $13,998,472
-
3 · Pledges and grants receivable
beginning of year $2,775,278 · end of year $6,928,579
-
9 · Prepaid expenses and deferred charges
beginning of year $168,510 · end of year $29,671
-
10a · Land, buildings and equipment: cost or other basis
$4,026,757
-
10b · Land, buildings and equipment: accumulated depreciation
$236,985
-
10c · Land, buildings and equipment, net
beginning of year $3,867,437 · end of year $3,789,772
-
14 · Intangible assets
beginning of year $110,382 · end of year $106,509
-
15 · Other assets
end of year $27,268
-
17 · Accounts payable and accrued expenses
beginning of year $3,541,622 · end of year $1,468,851
-
23 · Secured mortgages and notes payable
beginning of year $3,596,192 · end of year $3,534,541
-
25 · Other liabilities
beginning of year $421,962 · end of year $391,254
-
27 · Net assets without donor restrictions
beginning of year $2,979,378 · end of year $4,913,068
-
28 · Net assets with donor restrictions
beginning of year $1,543,437 · end of year $15,755,042
Mission and programs · 2024
Mission
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.
-
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.
Expenses $16,723,447 · Grants $15,192,597 · Revenue $845,774
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Chad PittmanCHAD PITTMAN
PRINCIPAL OF
- Total calculated
- $0
- Hours/week
- 30
-
Alison FrenchALISON FRENCH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen SwansonKATHLEEN SWANSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
-
NHANCED SEMICONDUCTORS INC
$1,000,000
RESEARCH
-
DALLARA USA HOLDINGS INC
$450,000
RESEARCH
-
BILA SOLAR INC
$300,000
RESEARCH
-
24M TECHNOLOGIES INC
$200,000
RESEARCH
-
ANCHOR TRANSLOAD LLC
$200,000
RESEARCH
-
BW FUSION LLC
$200,000
RESEARCH
-
COLBERT PACKAGING CORPORATION
$200,000
RESEARCH
-
ENTEK TECHNOLOGY HOLDINGS LLC
$200,000
RESEARCH
-
FEHRENBACHER CABINETS INC
$200,000
RESEARCH
-
FISHER PACKING COMPANY
$200,000
RESEARCH
The 10 largest by cash amount. The API serves every itemized grant.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
NEXT LEVEL MANUFACTURING INSTITUTE
GRANTS · IN
Directly controlled by NINETWELVE
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202513219349314331
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.