2023-11-15T13:34:39-06:00 2022-12-31 352123203 KSM BUSINESS SERVICES INC PO BOX 40857 INDIANAPOLIS IN 46240 990 2022-01-01 843721914 INNOVATION HUB BUILDING HOLDING CORPORATION INNO 8477219943 1220 WATERWAY BLVD INDIANAPOLIS IN 46202 EMILY C KRUEGER VICE PRESIDENT 8477219943 2023-11-14 1 EMILY KRUEGER 999009999 0 CASSE TATE P01271193 3175802000 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z EMILY C KRUEGER 1220 WATERWAY BLVD INDIANAPOLIS IN 46202 1635765 0 X N/A X 2019 IN IHBHC IS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS (QALICB) UNDER FEDERAL NEW MARKET TAX CREDIT (NMTC) PROVISIONS ENGAGED IN ACTIVE CONDUCT OF A QUALIFIED BUSINESS IN A LOW-INCOME COMMUNITY MEETING STANDARDS FOR GROSS INCOME, USE OF PROPERTY, AND SERVICES PERFORMED. 3 0 0 0 0 0 0 0 409460 1635765 0 0 0 0 409460 1635765 0 0 0 0 0 0 0 0 0 986892 1398585 986892 1398585 -577432 237180 24168141 24194568 23844285 23843772 323856 350796 X IHBHC IS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS (QALICB) UNDER FEDERAL NEW MARKET TAX CREDIT (NMTC) PROVISIONS ENGAGED IN ACTIVE CONDUCT OF A QUALIFIED BUSINESS IN A LOW-INCOME COMMUNITY MEETING STANDARDS FOR GROSS INCOME, USE OF PROPERTY, AND SERVICES PERFORMED. 0 0 INNOVATION HUB BUILDING HOLDING CORPORATION ("IHBHC") IS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS (QALICB) UNDER FEDERAL NEW MARKET TAX CREDIT (NMTC) PROVISIONS ENGAGED IN ACTIVE CONDUCT OF A QUALIFIED BUSINESS IN A LOW-INCOME COMMUNITY MEETING STANDARDS FOR GROSS INCOME, USE OF PROPERTY, AND SERVICES PERFORMED. IHBHC IS THE OWNER OF "HQO" A BUILDING LOCATED IN THE 16 TECH INNOVATION DISTRICT ("16 TECH") AND CENTRAL TO THE INDIANAPOLIS ENTREPRENEURIAL AND INNOVATION ECOSYSTEM. HQO PROVIDES FLEXIBLE OFFICE SPACE, A MAKERSPACE AND AN ARTISAN MARKETPLACE AND FOOD HALL TO THE VIBRANT, GROWING COMMUNITY OF ENTREPRENEURS, CAPITAL PROVIDERS, MAKERS AND COMPANIES IN THE LIFE SCIENCES, ADVANCED MANUFACTURING AND TECHNOLOGY INDUSTRIES LOCATED IN 16 TECH. THIS BUILDING PREVIOUSLY HOUSED THE MAINTENANCE VEHICLES AND SERVICE EQUIPMENT FOR THE WATER UTILITIES OF CITIZEN'S ENERGY GROUP AND ITS TRANSFORMATION INTO A KEY INNOVATION ASSET THAT SERVES NOT ONLY THE DISTRICT BUT RESIDENTS OF THE NEAR WEST, NEAR NORTHWEST AND RIVERSIDE INDIANAPOLIS NEIGHBORHOODS, 76% OF WHOM ARE PERSONS OF COLOR. EQUITY, INCLUSION AND ENGAGEMENT HAVE BEEN ESSENTIAL TO THE SUCCESS OF HQO FROM CONSTRUCTION THROUGH PROGRAMMING. DURING CONSTRUCTION, THE PROJECT EXCEEDED ITS XBE PARTICIPATION GOAL OF 27% SET BY THE CITY OF INDIANAPOLIS, COMPLETING HQO WITH 48.53% XBE PARTICIPATION, WORKFORCE UTILIZATION OF 52% LOCAL WORKERS AND 44% MINORITY WORKERS. HQO IS A LAUNCH PAD FOR PHYSICAL ACCESS POINTS TO DRIVE INCLUSIVE OPPORTUNITIES FOR TALENT,ENTREPRENEURSHIP, AND INNOVATION IN INDIANAPOLIS. THE VARIOUS ACTIVITIES THAT ARE HOUSED WITHIN HQO DELIVERED ON ENGAGEMENT AND INCLUSIVE OPPORTUNITIES INCLUDING DISCOUNTED MEMBERSHIPS TO THE MACHYNE MAKERSPACE FOR NEAR WEST, NEAR NORTHWEST AND RIVERSIDE NEIGHBORS TO UTILIZE THE TOOLS, SPACE AND LEARNING OPPORTUNITIES IN THE MAKERSPACE, AS WELL AS TO THE OFFICE/INCUBATOR SPACE FOR WORKSPACE, NETWORK BUILDING OPPORTUNITIES AND ENTREPRENEURIAL RESOURCES. THE AMP, ARTISAN MARKETPLACE AND FOOD HALL, PROVIDES OPERATING SPACE FOR MORE THAN 20 RESTAURANTS/RETAILERS 50% REPRESENT NEW FOOD ONCEPTS, AND 65% OF WHICH ARE MINORITY- AND/OR FEMALE-OWNED OR LED. HQO HOSTS THE INDY WINTER'S FARMERS MARKET, AT NO COST, TO MORE THAN 1,000 MARKET GOERS EACH SATURDAY BETWEEN NOVEMBER AND APRIL. NEIGHBORHOOD-FOCUSED PROGRAMMING THAT TAKES PLACE IN THE BUILDING INCLUDES A PARTNERSHIP WITH INDIANA UNIVERSITY HEALTH AND CRISPUS ATTUCKS HIGH SCHOOL THAT SUPPORTS EXPERIENTIAL LEARNING WITH LIFE SCIENCES EMPLOYERS AND PROFESSIONAL NETWORKING EVENTS HOSTED AT HQO. IHBHC CONTINUES TO SUPPORT THE MISSION OF HQO BY PROVIDING SPACES, RESOURCESAND PROGRAMMING THAT SUPPORTS CROSS-SECTOR AND DIVERSE NETWORKS KEY TOA VIBRANT AND INCLUSIVE INNOVATION ECOSYSTEM. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 IN X ALEX KURRELMEIER CFO 8477219943 1220 WATERWAY BLVD INDIANAPOLIS IN 46202 ROBERT W COY JR PRESIDENT 1.00 40.00 X X 0 237994 26817 EMILY C KREUGER VICE PRESIDENT 1.00 40.00 X X 0 309792 40095 ROBERT F HERZOG TREASURER & SECRETARY 1.00 40.00 X X 0 213476 39226 0 761262 106138 0 0 1 0 0 BUILDING LEASE INCOME 531120 1590377 1590377 EQUIPMENT LEASE INCOME 532420 45388 45388 1635765 1635765 1635765 0 0 86 628826 769673 1398585 1397239 589500 21884101 1302753 22320909 20581348 449993 3023720 24168141 24194568 22710000 22710000 1134285 1133772 23844285 23843772 X 323856 350796 323856 350796 24168141 24194568 X 237180 -210240 X X 0 1 X 1 0 21419452 1237481 20181971 464649 65272 399377 20581348 DUE FROM AFFILIATES 3023720 3023720 DUE TO AFFILIATES 1133772 1133772 X PART X, LINE 2: INNOVATION HUB BUILDING HOLDING CORPORATION (IHBHC) IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(2) OF THE IRC, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED FROM THE IRC. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THERE WAS NO UNRELATED BUSINESS INCOME TAX FOR 2022 OR 2021. IHBHC FILES U.S. FEDERAL AND INDIANA INFORMATION TAX RETURNS. IHBHC IS SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS FOR ALL YEARS SINCE ITS' INCEPTION IN 2019. MANAGEMENT BELIEVES THAT IHBHC'S INCOME TAX FILING POSITIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE. 1 0 0 EMILY C KREUGER VICE PRESIDENT 0 281928 0 27864 0 0 0 15046 0 25049 0 349887 0 0 ROBERT W COY JR PRESIDENT 0 150632 0 87362 0 0 0 20500 0 6317 0 264811 0 0 ROBERT F HERZOG TREASURER & SECRETARY 0 136211 0 27038 0 50227 0 20500 0 18726 0 252702 0 0 PART I, LINE 4A ROBERT HERZOG - $50,227 FORM 990, PART VI, SECTION A, LINE 3 16TECH COMMUNITY CORPORATION, A RELATED ORGANIZATION, MANAGES, OPERATES AND MAINTAINS INNOVATION HUB BUILDING HOLDING CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE REVIEWED AND APPROVED FOR CIRCULATION TO THE BOARD OF DIRECTORS 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 BOARD PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART VI, SECTION A, LINE 1B. EMILY KRUEGER IS A BOARD MEMBER OF INNOVATION HUB BUILDING HOLDING CORPORATION, AND THE CHIEF OPERATING OFFICER OF 16 TECH CC, A RELATED ORGANIZATION. ROBERT W. COY, JR IS A BOARD MEMBER OF INNOVATION HUB BUILDING HOLDING CORPORATION, AND WAS THE PRESIDENT AND CEO OF 16 TECH CC, A RELATED ORGANIZATION, THROUGH APRIL 30, 2022. ROBERT F. HERZOG IS A BOARD MEMBER OF INNOVATION HUB BUILDING HOLDING CORPORATION, AND WAS THE CHIEF FINANCIAL OFFICER OF 16 TECH CC, A RELATED ORGANIZATION, THROUGH SEPTEMBER 16, 2022. FORM 990, PART XI, LINE 9: ADJUSTMENT FOR ADOPTION OF ASC 842 1,019,028. TRANSFER OF LAND TO RECOGNIZE ON CONTROLLING ENTITY'S FINANCIALS -1,229,268. FORM 990, PART XII, LINE 2C. IHBHC IS PART OF THE CONSOLIDATED FINANCIALS OF 16 TECH COMMUNITY CORPORATION, A RELATED AND CONTROLLING ORGANIZATION. 16 TECH CC'S FINANCE AND AUDIT COMMITTEE CONSISTS OF 3 MEMBERS OF THE BOARD OF DIRECTORS. THE AUDIT COMMITTEE OVERSEES ALL MATTERS RELATING TO AUDITING, ACCOUNTING AND FINANCIAL STATEMENTS, AND AUDITORS AND ACCOUNTANTS. 16 TECH COMMUNITY CORPORATION 1220 WATERWAY BLVD INDIANAPOLIS IN 46202 810853467 DEVELOPMENT OF A KNOWLEDGE COMMUNITY IN 501(C)(3) LINE 12A, I N/A 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 1 0 0 1 0 16 TECH COMMUNITY CORPORATION J 1635765 FMV 16 TECH COMMUNITY CORPORATION R 1229268 FMV 16 TECH COMMUNITY CORPORATION E 1133772 FMV