2024-11-14T14:03:59-06:00 2023-12-31 352123203 KSM BUSINESS SERVICES INC PO BOX 40857 INDIANAPOLIS IN 46240 990 2023-01-01 843721914 INNOVATION HUB BUILDING HOLDING CORPORATION INNO 8477219943 1220 WATERWAY BLVD INDIANAPOLIS IN 46202 ALEX KURRELMEIER CHIEF FINANCIAL OFFICER 8477219943 2024-11-11 1 1 CASSE TATE P01271193 3175802000 2024-11-11 2023 2024-10-15 13:58:12Z ALEX KURRELMEIER 1220 WATERWAY BLVD INDIANAPOLIS IN 46202 1595232 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 1635765 1595232 0 0 0 0 1635765 1595232 0 0 0 0 0 0 0 0 0 1398585 1400980 1398585 1400980 237180 194252 24194568 25277829 23843772 24732781 350796 545048 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, FOOD HALL AND ARTISAN MARKETPLACE 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, FOOD HALL & MARKETPLACE PROVIDES OPERATING SPACE FOR MORE THAN 20 RESTAURANTS/RETAILERS 50% REPRESENT NEW FOOD CONCEPTS, AND 77% OF WHICH ARE MINORITY- AND/OR FEMALE-OWNED OR LED. HQO HOSTS THE INDY WINTER'S FARMERS MARKET WELCOMING MORE THAN 1,000 MARKET GOERS EACH SATURDAY BETWEEN NOVEMBER AND APRIL. NEIGHBORHOOD-FOCUSED PROGRAMMING THAT SUPPORTS EXPERIENTIAL LEARNING WITH LIFE SCIENCES. EMPLOYERS AND PROFESSIONAL NETWORKING EVENTS ARE HOSTED AT HQO. IHBHC CONTINUES TO SUPPORT THE MISSION OF HQO BY PROVIDING SPACES, RESOURCES AND PROGRAMMING THAT SUPPORTS CROSS-SECTOR AND DIVERSE NETWORKS KEY TO A 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 EMILY C KREUGER PRESIDENT 1.00 40.00 X X 0 406855 34417 ALEX KURRELMEIER TREASURER 1.00 40.00 X X 0 187000 56850 ROBERT WHITT SECRETARY 1.00 40.00 X X 0 194245 46821 0 788100 138088 0 0 1 0 0 BUILDING LEASE INCOME 531120 1549844 1549844 EQUIPMENT LEASE INCOME 532420 45388 45388 1595232 1595232 1595232 0 0 628733 772247 1400980 589500 589500 22144377 2075000 20581348 20069377 3023720 4618952 24194568 25277829 22710000 22710000 1133772 2022781 23843772 24732781 X 350796 545048 350796 545048 24194568 25277829 194252 0 X X 0 1 X 1 0 21645561 1966739 19678822 498816 108261 390555 20069377 DUE FROM AFFILIATES 4618952 4618952 DUE TO AFFILIATES 2022781 2022781 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 2023 OR 2022. 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 2020. 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. 0 0 0 EMILY C KREUGER PRESIDENT 0 350000 0 56855 0 0 0 22500 0 11917 0 441272 0 0 ALEX KURRELMEIER TREASURER 0 187000 0 0 0 0 0 22500 0 34350 0 243850 0 0 ROBERT WHITT SECRETARY 0 184995 0 9250 0 0 0 22500 0 24321 0 241066 0 0 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 A COMPLETE COPY OF THE 990 WILL BE CIRCULATED TO THE BOARD OF DIRECTORS FOR REVIEW 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 EXECUTIVE OFFICER OF 16 TECH CC, A RELATED ORGANIZATION. ALEX KURRELMEIER IS A BOARD MEMBER OF INNOVATION HUB BUILDING HOLDING CORPORATION, AND THE CHIEF FINANCIAL OFFICER OF 16 TECH CC, A RELATED ORGANIZATION. ROBERT WHITT IS A BOARD MEMBER OF INNOVATION HUB BUILDING HOLDING CORPORATION, AND THE CHIEF OPERATING OFFICER OF 16 TECH CC, A RELATED ORGANIZATION. 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 4 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 0 1 0 0 0 0 1 0 0 0 1 1 0 0 0 0 16 TECH COMMUNITY CORPORATION J 1595232 FMV 16 TECH COMMUNITY CORPORATION E 2022781 FMV