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Organizations Science & Technology Research Ball State Innovation Corporation

Ball State Innovation Corporation

Fiscal year ending 2018. Filed on March 19, 2019.

1208 W White River Blvd No 141
Muncie, Indiana 47306

Ball State Innovation Corporation (EIN: 26-3291952) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2018 IRS Form 990 filing, Ball State Innovation Corporation, a 501(c)(3) charitable organization, reported compensation for 5 employees. Among the employees shown here, the average compensation is $235,631. The highest compensated employee at Ball State Innovation Corporation is Bernard Hannon with fiscal year 2018 compensation of $283,221.

Revenue, expenses, and employee compensation

Revenue

$364,625

Expenses

$296,904

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Bernard Hannon
Board Chair
$283,221
$0 $274,473 $8,748
Marilyn Buck
Director
$263,721
$0 $258,523 $5,198
Michael Goldsby
Director
$241,018
$0 $237,346 $3,672
Mitch Whaley
Director
$214,147
$0 $210,426 $3,721
Wilbur Davis
President
$176,049
$0 $176,049 No other comp

Benchmark Employee Compensation

Non-Employee Board Members

Jeff Grigsby
Director
$147,148
$0 $143,613 $3,535
Maureen McCarthy
Director
$107,613
$0 $105,174 $2,439
Sue McDowell
Director
$98,543
$0 $94,274 $4,269
Carolyn Kapinus
Director
$66,597
$0 $65,676 $921
Nicholas Tokar
Secretary
No compensation reported
Linn Crull
Director
No compensation reported
Mindy Herman
Director
No compensation reported

Contractors

Innovation Management Services Inc.
Management
$286,268

Mission Statement

THE MISSION OF THE BALL STATE INNOVATION CORPORATION IS TO FOSTER AND FACILITATE THE PROCESS OF INNOVATION TO ENHANCE THE REGIONAL ECONOMY. THIS MISSION ENCOMPASSES THE TECHNOLOGY TRANSFER AND COMMERCIALIZATION OF INVENTIONS AND OTHER INNOVATIONS DERIVED FROM RESEARCH WITHIN THE UNIVERSITY. OPPORTUNITIES UNDER THIS MISSION MUST OFFER THE POTENTIAL FOR THE CREATION OF NEW, HIGH-VALUE JOBS AND/OR THE DELIVERY OF OTHER POSITIVE ECONOMIC OR SOCIAL BENEFITS FOR THE UNIVERSITY AND/OR REGIONAL ECONOMY.

Revisions to this organization profile

November 6, 2024:
2024 Ball State Innovation Corporation 990 filed
May 10, 2024:
2023 Ball State Innovation Corporation 990 filed
February 2, 2023:
2022 Ball State Innovation Corporation 990 filed

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