Civic Intelligence

Battery Innovation Center Inc

990 • Fiscal year 2018 • EIN 45-4110850

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 30, 2019

Organization ProfileBICINDIANA.COM
7970 S Energy DriveNewberry, IN 47449

(812) 863-2424

Siviq Scores

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

Liabilities / Assets

98th percentile

1.21x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

17.12x

Higher debt load relative to revenue than 99% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2018

Net Margin

7th percentile

-14%

Higher net margin than 7% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

11th percentile

$110,840

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 12.8% of source-year revenue.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2018

Asset Growth

22nd percentile

-4.9%

Faster asset growth than 22% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

68th percentile

7.6%

Faster revenue growth than 68% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$12,267,013

Down $631,756 (-4.9%) from 2017

Net Assets

Down

-$2,548,611

Down $123,188 (-5.1%) from 2017

Liabilities

Down

$14,815,624

Down $508,568 (-3.3%) from 2017

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin7th percentile

Revenue

Up

$865,225

Up $61,117 (+7.6%) from 2017

Expenses

Down

$988,417

Down $17,383 (-1.7%) from 2017

Net Income

Up

-$123,192

Up $78,500 (+39%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2012: $85,390Liabilities 2012: $10,805Net Assets 2012: $74,5852012Assets 2013: $15,732,943Liabilities 2013: $15,724,239Net Assets 2013: $8,7042013Assets 2014: $14,899,690Liabilities 2014: $15,886,939Net Assets 2014: -$987,2492014Assets 2015: $14,272,534Liabilities 2015: $15,896,117Net Assets 2015: -$1,623,5832015Assets 2016: $13,532,645Liabilities 2016: $15,756,376Net Assets 2016: -$2,223,7312016Assets 2017: $12,898,769Liabilities 2017: $15,324,192Net Assets 2017: -$2,425,4232017Assets 2018: $12,267,013Liabilities 2018: $14,815,624Net Assets 2018: -$2,548,6112018Assets 2019: $11,670,103Liabilities 2019: $14,333,337Net Assets 2019: -$2,663,2342019Assets 2020: $11,044,005Liabilities 2020: $13,860,869Net Assets 2020: -$2,816,8642020Assets 2021: $83,282Liabilities 2021: $173,500Net Assets 2021: -$90,2182021Assets 2022: $801,742Liabilities 2022: $111,347Net Assets 2022: $690,3952022Assets 2023: $6,626,819Liabilities 2023: $4,346,266Net Assets 2023: $2,280,5532023Assets 2024: $9,557,948Liabilities 2024: $7,207,766Net Assets 2024: $2,350,1822024

Highlighted filing

2018

Assets$12,267,013
Liabilities$14,815,624
Net Assets-$2,548,611
Open 2018 Filing

Operations Trend

Revenue Growth68th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $382,4372012Revenue 2013: $777,118Expenses 2013: $842,999Net Income 2013: -$65,8812013Revenue 2014: $847,581Expenses 2014: $1,843,534Net Income 2014: -$995,9532014Revenue 2015: $657,337Expenses 2015: $1,293,671Net Income 2015: -$636,3342015Revenue 2016: $552,056Expenses 2016: $1,152,204Net Income 2016: -$600,1482016Revenue 2017: $804,108Expenses 2017: $1,005,800Net Income 2017: -$201,6922017Revenue 2018: $865,225Expenses 2018: $988,417Net Income 2018: -$123,1922018Revenue 2019: $860,673Expenses 2019: $975,294Net Income 2019: -$114,6212019Revenue 2020: $816,279Expenses 2020: $969,909Net Income 2020: -$153,6302020Revenue 2021: $3,292,059Expenses 2021: $565,413Net Income 2021: $2,726,6462021Revenue 2022: $382,918Expenses 2022: $615,170Net Income 2022: -$232,2522022Revenue 2023: $4,149,872Expenses 2023: $3,165,398Net Income 2023: $984,4742023Revenue 2024: $4,816,917Expenses 2024: $4,747,288Net Income 2024: $69,6292024

Highlighted filing

2018

Revenue$865,225
Expenses$988,417
Net Income-$123,192
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 30, 2019
Return Version
2018v3.1
Gross Receipts
$865,225
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,893,947$12,261,210▼ $632,737
Cash and Non-Interest-Bearing Accounts$3,972$4,953▲ $981
Total Assets$12,898,769$12,267,013▼ $631,756
Other Assets Total$850$850→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$15,275,981$14,655,981▼ $620,000
Deferred Revenue$26,500$157,333▲ $130,833
Accounts Payable and Accrued Expenses$21,711$2,310▼ $19,401
Total Liabilities$15,324,192$14,815,624▼ $508,568
Net Assets / Fund Balance
Unrestricted Net Assets$-2,425,423$-2,548,611▼ $123,188
Total Net Assets Fund Balance$-2,425,423$-2,548,611▼ $123,188
Total Liabilities and Net Assets / Fund Balance$12,898,769$12,267,013▼ $631,756

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$12,261,210$3,430,592$15,691,802
Compensation and Service Providers
Top Officer Pay11th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Benjamin WrightsmanPresidentPT$110,840$110,840

Board Members and Trustees

NameTitle
Chad PittmanChairman/tre
Brad EllsworthBoard Member
David RobertsBoard Member
Paul MitchellBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$97,166
Program Service Revenue
$768,059
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-123,192
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$988,417
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$632,740--$632,740
Occupancy$138,320$138,322-$276,642
Insurance$35,755$32,560-$68,315
Information Technology$3,259$3,259-$6,518
Fees for Services Accounting-$1,562-$1,562
Travel$94$94-$188
Other Expenses$3$4-$7
Total Functional Expenses$811,393$177,024$0$988,417
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
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Return reviewed by board of directors prior to submission.”

Form 990, Page 6, Part VI, Line 12C

“The battery innovation center inc is currently in the process of adopting the conflict of interest policy found within the eda grant lead agency agreement, but have been adhering to it internally since inception. The conflict of interest policy found within the eda grant lead agency agreement states that the eda award recipients shall establish and maintain safeguards and policies which prohibit any individuals from participating in any way in the scope of work defined in energy storage proof of concept process instruction from using their position or relationship with the recipient for any purpose that consitutes a personal or organizational conflict of interest or the appearance thereof with respect to this award. For this purpose, an interested party includes the interested party's immediate family.”

Form 990, Page 6, Part VI, Line 19

“Documents made available for public inspection upon written request.”

Filing and Contact Details

Filer

Filer Name
Battery Innovation Center Inc
EIN
45-4110850
Phone
8128632424
Address
7970 S ENERGY DRIVE, NEWBERRY, IN 47449

Signing Officer

Name
Benjamin Wrightsman
Title
President
Phone
8128632756
Signed
2019-07-30

Organization Details

Principal Officer
Benjamin Wrightsman
Formed
2011
Legal Domicile
In
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Greggs & Reid Cpas Pc
Address
PO BOX 532, SULLIVAN, IN 47882-0532
Preparer
Ashley Pierce Shorter CPA
Phone
8122684005
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 4”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RETURN REVIEWED BY BOARD OF DIRECTORS PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BATTERY INNOVATION CENTER INC IS CURRENTLY IN THE PROCESS OF ADOPTING THE CONFLICT OF INTEREST POLICY FOUND WITHIN THE EDA GRANT LEAD AGENCY AGREEMENT, BUT HAVE BEEN ADHERING TO IT INTERNALLY SINCE INCEPTION. THE CONFLICT OF INTEREST POLICY FOUND WITHIN THE EDA GRANT LEAD AGENCY AGREEMENT STATES THAT THE EDA AWARD RECIPIENTS SHALL ESTABLISH AND MAINTAIN SAFEGUARDS AND POLICIES WHICH PROHIBIT ANY INDIVIDUALS FROM PARTICIPATING IN ANY WAY IN THE SCOPE OF WORK DEFINED IN ENERGY STORAGE PROOF OF CONCEPT PROCESS INSTRUCTION FROM USING THEIR POSITION OR RELATIONSHIP WITH THE RECIPIENT FOR ANY PURPOSE THAT CONSITUTES A PERSONAL OR ORGANIZATIONAL CONFLICT OF INTEREST OR THE APPEARANCE THEREOF WITH RESPECT TO THIS AWARD. FOR THIS PURPOSE, AN INTERESTED PARTY INCLUDES THE INTERESTED PARTY'S IMMEDIATE FAMILY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS MADE AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
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IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt097166
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BENJAMIN WRIGHTSMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08128632756
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BATTERY INNOVATION CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0BATT
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ReturnHeader/Filer/PhoneNum08128632424
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-08-20
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm007:25:09
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202031507
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREGGS & REID CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 532
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SULLIVAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0478820532
ReturnHeader/PreparerPersonGrp/PhoneNum08122684005
ReturnHeader/PreparerPersonGrp/PreparationDt02019-07-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ASHLEY PIERCE SHORTER CPA
ReturnHeader/ReturnTs02019-08-20T07:25:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,267,013
Liabilities
$14,815,624
Net assets
-$2,548,611
Revenue
$865,225
Expenses
$988,417
Net income
-$123,192
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.56$7.21$2.35$4.82$4.75$0.07
2023Summary only. Only limited summary data is available for this year.$6.63$4.35$2.28$4.15$3.17$0.98
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.11$0.69$0.38$0.62$0.23
2021Summary only. Only limited summary data is available for this year.$0.08$0.17$0.09$3.29$0.57$2.73
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$13.9$2.82$0.82$0.97$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.7$14.3$2.66$0.86$0.98$0.11
2018Detailed filing. Detailed filing data is available for this year.$12.3$14.8$2.55$0.87$0.99$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.9$15.3$2.43$0.80$1.01$0.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.5$15.8$2.22$0.55$1.15$0.60
2015Detailed filing. Detailed filing data is available for this year.$14.3$15.9$1.62$0.66$1.29$0.64
2014Detailed filing. Detailed filing data is available for this year.$14.9$15.9$0.99$0.85$1.84$1.00
2013Detailed filing. Detailed filing data is available for this year.$15.7$15.7$0.01$0.78$0.84$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.01$0.07$0.38