Battery Innovation Center Institute Inc

What it says it does

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.

Income

$3.3 million

Spending

$4.9 million

Spent on programs

99%

Reserves

-3.1 months of spending

Largest source of income

fees for its services, 100%

Employees

35

Highest pay

$520,625, secretary/bo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 20 out of 100. Higher than 0% of charities in its peer group (science, $1m to $10m).

• Reserves

  0 of 35

  Spendable reserves are negative: it owes or has committed more than it holds.

• Debt

  5 of 20

  It owes 66% of what it owns.

• Living within its means

  0 of 15

  Spending exceeded income by 51% of income.

• Income trend

  0 of 15

  Income fell 27% on the year before.

• Spending floor

  15 of 15

  99% of spending went to programs.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 61 out of 100. Higher than 15% of charities in its peer group (science, $1m to $10m).

• Independent board

  18 of 25

  3 of 3 voting board members are independent.

• Conflict of interest policy

  15 of 15

  Has a written conflict of interest policy.

• Whistleblower policy

  8 of 8

  Has a written whistleblower policy.

• Record keeping policy

  0 of 7

  Reports no written policy on keeping and destroying records.

• Board minutes

  5 of 5

  Keeps minutes of board meetings.

• Board sees the tax return

  0 of 10

  Did not give the board a copy of this return before filing it.

• Pay set independently

  5 of 5

  Sets its chief executive's pay through independent review and comparison.

• Independent check of accounts

  0 of 15

  Its accounts were not audited or reviewed by an independent accountant.

• No reported misuse

  10 of 10

  Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

1. check_circle

   Is it registered with the IRS? Passed.

   Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

   Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

2. check_circle

   Has the IRS revoked its tax-exempt status? Passed.

   Not on the IRS automatic revocation list.

   Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

3. check_circle

   Are donations tax-deductible? Passed.

   On the IRS list of organizations eligible to receive tax-deductible contributions.

   Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

4. check_circle

   Is it keeping up with its IRS filings? Passed.

   Most recent return on file covers the year ending December 2024.

   Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

5. check_circle

   How long has it been tax-exempt? Passed.

   Recognized by the IRS since February 2013.

   Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

6. check_circle

   Is it in good standing with state regulators? Passed.

   Not on California's list of charities barred from soliciting. Other states are not yet checked.

   Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.