Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2020.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
99 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
3 people listed on the 990.
Chad Pittman’s $73K as Principal of is at the 1st percentile of top reported officer pay among 140 $10–100M science & technology nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
See Ninetwelve Institute INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Accelerates advanced technology development by connecting private businesses, academic researchers, and government labs to build infrastructure for 5G, microelectronics, and artificial intelligence.
Questions for Ninetwelve Institute INC
Your first name shows with your question. Ninetwelve Institute INC answers here, for everyone.
Collaborate with private industry, academic institutions, other governmental entities and sector-specific organizations for project activities focused on building the infrastructure and ecosystem in fifth generation broadband (5g) and trusted microelectronics to enable indiana to lead in rapidly evolving technologies such as big data…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $5.2M | $15.2M |
| Land, buildings, equipmentLn 10c | $3.9M | $3.8M |
| Total assetsLn 16 | $12.1M | $26.1M |
| LiabilitiesLn 26 | $7.6M | $5.4M |
| Net assetsLn 32 | $4.5M | $20.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $15.2M | $15.2M | ||
| Management feesLn 11a | $94K | $94K | ||
| Legal feesLn 11b | $136K | $136K | ||
| Accounting feesLn 11c | $11K | $11K | ||
| Other fees for servicesLn 11g | $10K | $10K | ||
| Office expensesLn 13 | $30K | $30K | ||
| Information technologyLn 14 | $12K | $12K | ||
| OccupancyLn 16 | $142K | $142K | ||
| TravelLn 17 | $14K | $14K | ||
| Depreciation, depletion and amortizationLn 22 | $2K | $2K | ||
| InsuranceLn 23 | $7K | $7K | ||
| Other expenses (24a–d)Ln 24 | $1.3M | $1.3M | ||
| All other expensesLn 24e | $2K | $2K | ||
| Total functional expensesLn 25 | $16.9M | $16.7M | $211K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 | $32.8M | $16.9M | $15.9M | $20.7M | 990 PDF |
| FY2023Filed with the IRS Nov 14, 2024 | $11.4M | $18.4M | −$7.0M | $4.5M | 990 PDF |
| FY2022Filed with the IRS Nov 24, 2025 | $20.3M | $28.8M | −$8.5M | $11.5M | 990 PDF |
| FY2021Filed with the IRS Nov 15, 2022 | $14.3M | $24.4M | −$10.1M | −$6.1M | 990 PDF |
| FY2020Filed with the IRS Nov 12, 2021 | $8.3M | $4.3M | $4.0M | $4.0M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $32,810,668 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, 4 to look at
Part VIII · Statement of revenue $32,810,668 across 7 lines filed
Part IX · Statement of functional expenses $16,934,023 across 13 lines filed
Part X · Balance sheet $26,062,756 assets, 15 lines filed
Part XI · Reconciliation of net assets $20,668,110 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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