Civic Intelligence

Muncie Innovation Connector Inc.

990 • Fiscal year 2019 • EIN 35-2216589

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 10, 2020

Organization ProfileWWW.INNOVATIONCONNECTOR.ORG
1208 West White River BlvdMuncie, IN 47303

(765) 285-4900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.51x

Higher debt load relative to assets than 82% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

4.10x

Higher debt load relative to revenue than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

3rd percentile

-106%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

79th percentile

$132,185

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 36.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

10th percentile

-13%

Faster asset growth than 10% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

83rd percentile

35%

Faster revenue growth than 83% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$2,926,290

Down $433,354 (-13%) from 2018

Net Assets

Down

$1,428,575

Down $385,720 (-21%) from 2018

Liabilities

Down

$1,497,715

Down $47,634 (-3.1%) from 2018

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin3rd percentile

Revenue

Up

$364,993

Up $94,100 (+35%) from 2018

Expenses

Up

$750,713

Up $14,948 (+2.0%) from 2018

Net Income

Up

-$385,720

Up $79,152 (+17%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,419,765Liabilities 2010: $1,681,685Net Assets 2010: $1,738,0802010Assets 2011: $3,326,867Liabilities 2011: $1,656,178Net Assets 2011: $1,670,6892011Assets 2012: $3,195,558Liabilities 2012: $1,616,157Net Assets 2012: $1,579,4012012Assets 2013: $3,077,052Liabilities 2013: $1,577,688Net Assets 2013: $1,499,3642013Assets 2014: $2,894,245Liabilities 2014: $1,581,298Net Assets 2014: $1,312,9472014Assets 2015: $3,351,863Liabilities 2015: $1,559,168Net Assets 2015: $1,792,6952015Assets 2016: $3,655,476Liabilities 2016: $1,572,562Net Assets 2016: $2,082,9142016Assets 2017: $3,888,638Liabilities 2017: $1,609,471Net Assets 2017: $2,279,1672017Assets 2018: $3,359,644Liabilities 2018: $1,545,349Net Assets 2018: $1,814,2952018Assets 2019: $2,926,290Liabilities 2019: $1,497,715Net Assets 2019: $1,428,5752019Assets 2020: $3,118,979Liabilities 2020: $1,702,411Net Assets 2020: $1,416,5682020Assets 2021: $3,188,598Liabilities 2021: $1,902,468Net Assets 2021: $1,286,1302021Assets 2022: $2,809,355Liabilities 2022: $1,510,592Net Assets 2022: $1,298,7632022Assets 2023: $2,613,180Liabilities 2023: $1,432,646Net Assets 2023: $1,180,5342023Assets 2024: $2,665,640Liabilities 2024: $1,367,207Net Assets 2024: $1,298,4332024

Highlighted filing

2019

Assets$2,926,290
Liabilities$1,497,715
Net Assets$1,428,575
Open 2019 Filing

Operations Trend

Revenue Growth83rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $574,1842010Expenses 2011: $499,3522011Expenses 2012: $512,3362012Revenue 2013: $447,362Expenses 2013: $527,399Net Income 2013: -$80,0372013Revenue 2014: $439,844Expenses 2014: $626,260Net Income 2014: -$186,4162014Revenue 2015: $1,148,812Expenses 2015: $669,064Net Income 2015: $479,7482015Revenue 2016: $967,495Expenses 2016: $677,276Net Income 2016: $290,2192016Revenue 2017: $912,229Expenses 2017: $715,976Net Income 2017: $196,2532017Revenue 2018: $270,893Expenses 2018: $735,765Net Income 2018: -$464,8722018Revenue 2019: $364,993Expenses 2019: $750,713Net Income 2019: -$385,7202019Revenue 2020: $729,945Expenses 2020: $741,952Net Income 2020: -$12,0072020Revenue 2021: $740,491Expenses 2021: $870,929Net Income 2021: -$130,4382021Revenue 2022: $750,883Expenses 2022: $793,133Net Income 2022: -$42,2502022Revenue 2023: $748,587Expenses 2023: $851,448Net Income 2023: -$102,8612023Revenue 2024: $1,009,106Expenses 2024: $884,453Net Income 2024: $124,6532024

Highlighted filing

2019

Revenue$364,993
Expenses$750,713
Net Income-$385,720
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 10, 2020
Return Version
2019v5.1
Gross Receipts
$364,993
Mission and Program Overview

Mission

To be east central indiana's primary sponsor bringing in technological firms.

To be east central indiana's primary sponsor bringing in technological firms.see schedule o

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,538,393$2,468,898▼ $69,495
Cash and Non-Interest-Bearing Accounts$733,822$328,679▼ $405,143
Accounts Receivable$1,667$150▼ $1,517
Total Assets$3,359,644$2,926,290▼ $433,354
Other Assets Total$85,762$128,563▲ $42,801
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,328,351$1,270,932▼ $57,419
Unsecured Notes Loans Payable$173,108$169,877▼ $3,231
Accounts Payable and Accrued Expenses$42,730$56,906▲ $14,176
Other Liabilities$1,160$0▼ $1,160
Total Liabilities$1,545,349$1,497,715▼ $47,634
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,805,179$1,393,657▼ $411,522
Net Assets With Donor Restrictions$9,116$34,918▲ $25,802
Total Net Assets Fund Balance$1,814,295$1,428,575▼ $385,720
Total Liabilities and Net Assets / Fund Balance$3,359,644$2,926,290▼ $433,354

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,621,305$655,828-
Land$795,241--
Equipment$20,279$290,182-
Leasehold Improvements$32,073$119,751-
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Theodore BakerExecutive DirectorFT$132,185$132,185

Board Members and Trustees

NameTitle
Ronald FauquherChairman of the Board
Kristen SmithBoard Member
Scott MckeeBoard Member
Stefan AndersonBoard Member
James BorgmannSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$100,000
Program Service Revenue
$264,516
Investment Income
$477
Other Revenue
$0
All Other Contributions
$100,000
Change in Net Assets
$-385,720

Audited Revenue Reconciliation

Revenue per Audited Statements
$364,993
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$364,993
Total Revenue per Form 990
$364,993
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$425,807
Salaries, Compensation, and Employee Benefits$324,906
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$247,172$43,619-$290,791
Occupancy$70,381$12,420-$82,801
Depreciation Depletion$66,216$11,685-$77,901
Interest$53,194$9,387-$62,581
Travel$22,104--$22,104
Payroll Taxes$17,672$3,119-$20,791
Advertising$13,840--$13,840
Pension Plan Contributions$11,325$1,999-$13,324
All Other Expenses$8,472$3,312-$11,784
Insurance$9,141$1,613-$10,754
Conferences and Meetings$10,133--$10,133
Other Expenses$8,486$1,498-$9,984
Fees for Services Accounting$3,774$5,660-$9,434
Fees for Services Management$800$1,200-$2,000
Office Expenses$658$116-$774
Total Functional Expenses$628,571$122,142$0$750,713

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$750,713
Total Expenses per Audited Statements$750,713
Total Expenses per Form 990$750,713
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of the tax return is reviewed by the executive director and provided to the board of directors for their review prior to filing.”

Form 990, Part VI, Section B, Line 15A

“The board of directors adjusts the executive director's compensation based on performance.”

Form 990, Part VI, Section C, Line 19

“All documents subject to public inspection are available upon request at the organization's office.”

Filing and Contact Details

Filer

Filer Name
Innovation Connector Inc
EIN
35-2216589
Phone
7652854900
Address
1208 WEST WHITE RIVER BLVD, MUNCIE, IN 47303

Signing Officer

Name
Ted Baker
Title
Executive Director
Phone
7652854900
Signed
2020-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ted Baker
Formed
2001
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
0

Preparer

Firm
Whitinger & Company LLC
Address
1100 W WHITE RIVER BLVD, MUNCIE, IN 47303-3776
Preparer
Linn a Crull CPA
Phone
7652843384
Raw XML AppendixShowing 400 of 427 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0720609
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0897045
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02443303
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0181710
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0168787
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0160451
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0149514
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0172971
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0833433
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01142404
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt07741
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt040359
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt026605
IRS990ScheduleA/OtherIncome170Grp/TotalAmt074705
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.72900
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0100000
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0720609
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02443303
IRS990ScheduleA/TotalSupportAmt03351441
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01621305
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0655828
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02277133
IRS990ScheduleD/EquipmentGrp/BookValueAmt020279
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0290182
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0310461
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0750713
IRS990ScheduleD/LandGrp/BookValueAmt0795241
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0795241
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt032073
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0119751
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0151824
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0364993
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02468898
IRS990ScheduleD/TotalExpensesPerForm990Amt0750713
IRS990ScheduleD/TotalRevenuePerForm990Amt0364993
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0364993
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0750713
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE TAX RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR AND PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ADJUSTS THE EXECUTIVE DIRECTOR'S COMPENSATION BASED ON PERFORMANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS SUBJECT TO PUBLIC INSPECTION ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0122142
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0628571
IRS990/TotalFunctionalExpensesGrp/TotalAmt0750713
IRS990/TotalGrossUBIAmt00
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IRS990/TotalProgramServiceRevenueAmt0264516
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02926290
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt022104
IRS990/TravelGrp/TotalAmt022104
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0173108
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0169877
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01208 WEST WHITE RIVER BOULEVARD
IRS990/USAddress/CityNm0MUNCIE
IRS990/USAddress/StateAbbreviationCd0IN
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IRS990/VotingMembersGoverningBodyCnt05
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IRS990/WebsiteAddressTxt0WWW.INNOVATIONCONNECTOR.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TED BAKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07652854900
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNOVATION CONNECTOR INC
ReturnHeader/Filer/BusinessNameControlTxt0INNO

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,926,290
Liabilities
$1,497,715
Net assets
$1,428,575
Revenue
$364,993
Expenses
$750,713
Net income
-$385,720
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.67$1.37$1.30$1.01$0.88$0.12
2023Detailed filing. Detailed filing data is available for this year.$2.61$1.43$1.18$0.75$0.85$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.81$1.51$1.30$0.75$0.79$0.04
2021Detailed filing. Detailed filing data is available for this year.$3.19$1.90$1.29$0.74$0.87$0.13
2020Detailed filing. Detailed filing data is available for this year.$3.12$1.70$1.42$0.73$0.74$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.93$1.50$1.43$0.36$0.75$0.39
2018Detailed filing. Detailed filing data is available for this year.$3.36$1.55$1.81$0.27$0.74$0.46
2017Detailed filing. Detailed filing data is available for this year.$3.89$1.61$2.28$0.91$0.72$0.20
2016Detailed filing. Detailed filing data is available for this year.$3.66$1.57$2.08$0.97$0.68$0.29
2015Detailed filing. Detailed filing data is available for this year.$3.35$1.56$1.79$1.15$0.67$0.48
2014Detailed filing. Detailed filing data is available for this year.$2.89$1.58$1.31$0.44$0.63$0.19
2013Detailed filing. Detailed filing data is available for this year.$3.08$1.58$1.50$0.45$0.53$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.20$1.62$1.58$0.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.33$1.66$1.67$0.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.42$1.68$1.74$0.57