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Muncie Innovation Connector Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Urban, Community Economic Development (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$751k (2022)

Expenses
$838k (2022)

Total Assets
$2.71M (2022)

Total Liabilities
$1.51M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$750,717
Expenses
$837,525
Net Income
-$86,808
Net Assets
$1,199,322
Notable Sources of Revenue Percent of Total Revenue
Contributions $495,210
66.0%
Program Services $255,462
34.0%
Investment Income $45
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $313,948
37.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,711,069
Total Liabilities $1,511,747
Net Assets $1,199,322
Compensation
Key Employees and Officers Compensation Related Other
Theodore Baker (Executive Director) $148,464 $0 $0
Ronald Fauquher (Chairman Of The Board) $0 $0 $0
Stefan Anderson (Board Member) $0 $0 $0
James Borgmann (Secretary/Treasurer) $0 $0 $0
Kristen Smith (Board Member) $0 $0 $0
Jeff Parson (Board Member) $0 $0 $0
Donald Engel (Board Member) $0 $0 $0
Dr Matt Marvel (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$740,491
Expenses
$870,929
Net Income
-$130,438
Net Assets
$1,286,130
Notable Sources of Revenue Percent of Total Revenue
Contributions $446,840
60.3%
Program Services $293,539
39.6%
Investment Income $112
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $391,349
44.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,188,598
Total Liabilities $1,902,468
Net Assets $1,286,130
Compensation
Key Employees and Officers Compensation Related Other
Theodore Baker (Executive Director) $182,830 $0 $0
Ronald Fauquher (Chairman Of The Board) $0 $0 $0
Stefan Anderson (Board Member) $0 $0 $0
James Borgmann (Secretary/Treasurer) $0 $0 $0
Kristen Smith (Board Member) $0 $0 $0
Jeff Parson (Board Member) $0 $0 $0
Donald Engel (Board Member) $0 $0 $0
Dr Matt Marvel (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$729,945
Expenses
$741,952
Net Income
-$12,007
Net Assets
$1,416,568
Notable Sources of Revenue Percent of Total Revenue
Contributions $482,407
66.1%
Program Services $247,421
33.9%
Investment Income $117
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $316,387
42.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,118,979
Total Liabilities $1,702,411
Net Assets $1,416,568
Compensation
Key Employees and Officers Compensation Related Other
Theodore Baker (Executive Director) $143,456 $0 $0
Ronald Fauquher (Chairman Of The Board) $0 $0 $0
Stefan Anderson (Board Member) $0 $0 $0
James Borgmann (Secretary/Treasurer) $0 $0 $0
Kristen Smith (Board Member) $0 $0 $0
Jeff Parson (Board Member) $0 $0 $0
Donald Engel (Board Member) $0 $0 $0
Dr Matt Marvel (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$364,993
Expenses
$750,713
Net Income
-$385,720
Net Assets
$1,428,575
Notable Sources of Revenue Percent of Total Revenue
Contributions $100,000
27.4%
Program Services $264,516
72.5%
Investment Income $477
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $290,791
38.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,926,290
Total Liabilities $1,497,715
Net Assets $1,428,575
Compensation
Key Employees and Officers Compensation Related Other
Theodore Baker (Executive Director) $132,185 $0 $0
Ronald Fauquher (Chairman Of The Board) $0 $0 $0
Stefan Anderson (Board Member) $0 $0 $0
James Borgmann (Secretary/Treasurer) $0 $0 $0
Kristen Smith (Board Member) $0 $0 $0
Scott Mckee (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$270,893
Expenses
$735,765
Net Income
-$464,872
Net Assets
$1,814,295
Notable Sources of Revenue Percent of Total Revenue
Contributions $45,000
16.6%
Program Services $224,536
82.9%
Investment Income $1,357
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $131,879
17.9%
Professional Fundraising Fees $0
Other Salaries and Wages $139,687
19.0%
Assets/Debt
Total Assets $3,359,644
Total Liabilities $1,545,349
Net Assets $1,814,295
Compensation
Key Employees and Officers Compensation Related Other
Theodore Baker (Executive Director) $131,879 $0 $0
Ronald Fauquher (Chairman Of The Board) $0 $0 $0
Stefan Anderson (Board Member) $0 $0 $0
James Borgmann (Secretary/Treasurer) $0 $0 $0
Kristen Smith (Board Member) $0 $0 $0
Scott Mckee (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$912,229
Expenses
$715,976
Net Income
$196,253
Net Assets
$2,279,167
Notable Sources of Revenue Percent of Total Revenue
Contributions $680,649
74.6%
Program Services $222,449
24.4%
Investment Income $1,390
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,741
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $133,434
18.6%
Professional Fundraising Fees $0
Other Salaries and Wages $145,679
20.3%
Assets/Debt
Total Assets $3,888,638
Total Liabilities $1,609,471
Net Assets $2,279,167
Compensation
Key Employees and Officers Compensation Related Other
Theodore Baker (Executive Director) $133,434 $0 $0
Ronald Fauquher (Chairman Of The Board) $0 $0 $0
Stefan Anderson (Board Member) $0 $0 $0
James Borgmann (Secretary/Treasurer) $0 $0 $0
Kristen Smith (Board Member) $0 $0 $0
Dr Jen Bott (Board Member) $0 $0 $0
Scott Mckee (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$967,495
Expenses
$677,276
Net Income
$290,219
Net Assets
$2,082,914
Notable Sources of Revenue Percent of Total Revenue
Contributions $720,609
74.5%
Program Services $205,841
21.3%
Investment Income $686
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $40,359
4.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $119,138
17.6%
Professional Fundraising Fees $0
Other Salaries and Wages $107,262
15.8%
Assets/Debt
Total Assets $3,655,476
Total Liabilities $1,572,562
Net Assets $2,082,914
Compensation
Key Employees and Officers Compensation Related Other
Theodore Baker (Executive Director) $119,138 $0 $0
Ronald Fauquher (Chairman Of The Board) $0 $0 $0
Stefan Anderson (Board Member) $0 $0 $0
Dr Rob Jeffs (Board Member) $0 $0 $0
James Borgmann (Secretary/Treasurer) $0 $0 $0
Kristen Smith (Board Member) $0 $0 $0
Jim Riggle (Board Member) $0 $0 $0
Dennis Tyler (Board Member) $0 $0 $0
Dr Jen Bott (Board Member) $0 $0 $0
Scott Mckee (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,148,812
Expenses
$669,064
Net Income
$479,748
Net Assets
$1,792,695
Notable Sources of Revenue Percent of Total Revenue
Contributions $897,045
78.1%
Program Services $225,062
19.6%
Investment Income $100
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $26,605
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $105,429
15.8%
Professional Fundraising Fees $0
Other Salaries and Wages $107,260
16.0%
Assets/Debt
Total Assets $3,351,863
Total Liabilities $1,559,168
Net Assets $1,792,695
Compensation
Key Employees and Officers Compensation Related Other
Theodore Baker (Executive Director) $105,426 $0 $0
Ronald Fauquher (Chairman Of The Board) $0 $0 $0
Stefan Anderson (Board Member) $0 $0 $0
Dr Rob Jeffs (Board Member) $0 $0 $0
James Borgmann (Secretary/Treasurer) $0 $0 $0
Dr Michael Goldsby (Board Member) $0 $0 $0
Kirsten Smith (Board Member) $0 $0 $0
Karen Karmolinski (Board Member) $0 $0 $0
Sharon Mcshurley (Board Member) $0 $0 $0
Wil Davis (Board Member) $0 $0 $0
Jim Riggle (Board Member) $0 $0 $0
Dennis Tyler (Board Member) $0 $0 $0
Mike Haley (Board Member) $0 $0 $0
Dr Paul Ferguson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$439,844
Expenses
$626,260
Net Income
-$186,416
Net Assets
$1,312,947
Notable Sources of Revenue Percent of Total Revenue
Contributions $303,000
68.9%
Program Services $136,766
31.1%
Investment Income $78
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $116,062
18.5%
Professional Fundraising Fees $0
Other Salaries and Wages $79,584
12.7%
Assets/Debt
Total Assets $2,894,245
Total Liabilities $1,581,298
Net Assets $1,312,947
Compensation
Key Employees and Officers Compensation Related Other
Theodore Baker (Executive Director) $116,062 $0 $0
Ronald Fauquher (Chairman Of The Board) $0 $0 $0
Stefan Anderson (Board Member) $0 $0 $0
Dr Rob Jeffs (Board Member) $0 $0 $0
James Borgmann (Board Member) $0 $0 $0
Dr Michael Goldsby (Board Member) $0 $0 $0
Kirsten Smith (Board Member) $0 $0 $0
Karen Karmolinski (Board Member) $0 $0 $0
Sharon Mcshurley (Board Member) $0 $0 $0
Wil Davis (Board Member) $0 $0 $0
Jim Riggle (Board Member) $0 $0 $0
Dennis Tyler (Board Member) $0 $0 $0
Mike Haley (Board Member) $0 $0 $0
Dr Paul Ferguson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$447,362
Expenses
$527,399
Net Income
-$80,037
Net Assets
$1,499,364
Notable Sources of Revenue Percent of Total Revenue
Contributions $350,000
78.2%
Program Services $97,262
21.7%
Investment Income $75
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $25
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $105,863
20.1%
Professional Fundraising Fees $0
Other Salaries and Wages $57,536
10.9%
Assets/Debt
Total Assets $3,077,052
Total Liabilities $1,577,688
Net Assets $1,499,364
Compensation
Key Employees and Officers Compensation Related Other
Theodore Baker (Executive Director) $105,863 $0 $0
Ronald Fauquher (Chairman Of The Board) $0 $0 $0
Stefan Anderson (Board Member) $0 $0 $0
Bruce Baldwin (Board Member) $0 $0 $0
James Borgmann (Board Member) $0 $0 $0
Joann Gora (Board Member) $0 $0 $0
Rajib Sanyal (Board Member) $0 $0 $0
Robert Jeffs (Board Member) $0 $0 $0
Sharon Mcshurley (Board Member) $0 $0 $0
Wil Davis (Board Member) $0 $0 $0
Jim Riggle (Board Member) $0 $0 $0
Dennis Tyler (Board Member) $0 $0 $0
Mike Haley (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$421,048
Expenses
$512,336
Net Income
-$91,288
Net Assets
$1,579,401
Notable Sources of Revenue Percent of Total Revenue
Contributions $337,000
80.0%
Program Services $83,047
19.7%
Investment Income $106
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $895
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $90,461
17.7%
Professional Fundraising Fees $0
Other Salaries and Wages $54,960
10.7%
Assets/Debt
Total Assets $3,195,558
Total Liabilities $1,616,157
Net Assets $1,579,401

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$431,961
Expenses
$499,352
Net Income
-$67,391
Net Assets
$1,670,689
Notable Sources of Revenue Percent of Total Revenue
Contributions $357,500
82.8%
Program Services $74,110
17.2%
Investment Income $142
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $209
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $85,000
17.0%
Professional Fundraising Fees $0
Other Salaries and Wages $46,105
9.2%
Assets/Debt
Total Assets $3,326,867
Total Liabilities $1,656,178
Net Assets $1,670,689

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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