Ninetwelve Institute Inc
Ninetwelve Institute Inc is a public charity based in Zionsville, Indiana, formed in 2020. Its stated purpose is to connect private-sector entrepreneurship and business expertise with the research capabilities of academic institutions and government laboratories to advance technology for the federal government and the general public.
Ninetwelve Institute Inc at a glance
In short: Ninetwelve Institute Inc gave $15.2M across 139 grants in 2024 (avg $109K), mostly in Indiana. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $15,185,761
- +36.3% vs 2023
- Grants made (2024)
- 139
- +36.3% vs 2023
- Average grant
- $109,250
- -0.0% vs 2023
- Median grant
- $100,000
- Total assets
- $26,062,756
- +115.7% vs 2023
- Primary geography
- Indiana (85% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Ninetwelve Institute Inc
- Contact
Mailing address: 100 E Willow Street, Zionsville, IN 46077
Phone: (317) 695-3110
Website: https://ninetwelve.us
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Ninetwelve Institute Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Nhanced Semiconductors Inc ($1.0M). Together the top 10 received $3.1M.
Grant Size Distribution
481 grants across all recorded years
The most common grant size was in the $100–250K range: 199 grants of 481 (41%).
Geographic Focus
Where this funder awards grants
The 2024 grant-dollar distribution was reported as 85% to recipients in Indiana, 7% in Illinois, and 1% each in Massachusetts, North Dakota, and Iowa.
Grant Distribution by State
Share of 2024 grant dollars across all 139 itemized grants.
States
Cities
How Ninetwelve Institute Inc gives
- 7% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+11%). Method
Estimate from itemized grant lists in IRS Form 990 filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2.7M (2020) to $15.2M (2024). In 2024 it made 139 grants totaling $15.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Nhanced Semiconductors Inc Batavia, IL | Research | $1,000,000 |
| Dallara USA Holdings Inc Speedway, IN | Research | $450,000 |
| Bila Solar Inc Indianapolis, IN | Research | $300,000 |
| 24M Technologies Inc Cambridge, MA | Research | $200,000 |
| Anchor Transload LLC Fargo, ND | Research | $200,000 |
| BW Fusion LLC Fonda, IA | Research | $200,000 |
| Colbert Packaging Corporation Elkhart, IN | Research | $200,000 |
| Entek Technology Holdings LLC Lebanon, OR | Research | $200,000 |
| Fehrenbacher Cabinets Inc Evansville, IN | Research | $200,000 |
| Fisher Packing Company Portland, IN | Research | $200,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $26,062,756 | $32,810,668 | $16,934,023 | $15,185,761 | 139 | $398,195 |
| 2023 | $12,082,591 | $11,405,390 | $18,415,730 | $11,145,192 | 102 | $-938,800 |
| 2022 | $17,361,650 | $20,338,865 | $28,811,752 | $12,134,709 | 140 | $1,106 |
| 2021 | $22,814,631 | $14,294,145 | $24,395,445 | $13,702,900 | 76 | — |
| 2020 | $9,328,690 | $8,265,861 | $4,286,478 | $2,703,485 | 24 | — |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The organization’s stated mission includes supporting government science, technology, and economic development objectives. Its program description identifies work with private industry, academic institutions, government entities, and sector-specific organizations to build infrastructure and an ecosystem for fifth-generation broadband (5G) and trusted microelectronics. The stated aim is to help Indiana advance in areas including big data, artificial intelligence, machine learning, the Internet of Things, and cybersecurity.
Grantmaking
In filing year 2024, the Institute reported 139 grants totaling $15,185,761. Grant amounts ranged from $5,380 to $1,000,000, with a median of $100,000. The filing states that grant recipients are defined by the State of Indiana or the Department of Defense, not selected by the Institute.
The largest reported grants included $1,000,000 to NHANCED SEMICONDUCTORS INC for research; $450,000 to DALLARA USA HOLDINGS INC for research; and $300,000 to BILA SOLAR INC for research. Other reported $200,000 research grants went to 24M TECHNOLOGIES INC, ANCHOR TRANSLOAD LLC, BW FUSION LLC, COLBERT PACKAGING CORPORATION, ENTEK TECHNOLOGY HOLDINGS LLC, FEHRENBACHER CABINETS INC, FISHER PACKING COMPANY, HOOSIER CRANE SERVICE COMPANY, and LENEX STEEL.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists CHAD PITTMAN as principal officer, ALISON FRENCH as a board member, and KATHLEEN SWANSON as secretary.
Ninetwelve Institute Inc's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Chad Pittman
Principal of
On filings since 2020
30 hrs/week
$73K (2022) → $0 (2024)
Kathleen Swanson
Secretary
On filings since 2021
1 hr/week
No compensation reported
Alison French
Board Member
On filings since 2022
1 hr/week
No compensation reported
Former officers (4)
- Former: Daniel Hasler (2020–2021) — Board Member
- Former: Cristi Pittman (2020) — Secretary
- Former: Steven Akard (2020) — Treasurer
- Former: Victor Smith (2020) — Board Member
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $73K, to Chad Pittman (Principal of).
Frequently asked questions about Ninetwelve Institute Inc
How much does Ninetwelve Institute Inc give each year?
Ninetwelve Institute Inc gave $15.2M across 139 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $11.1M across 102 grants.
What is Ninetwelve Institute Inc's typical grant size?
Ninetwelve Institute Inc's median grant in 2024 was $100,000, and its average grant was $109,250, across 139 grants on its 2024 IRS Form 990.
Where does Ninetwelve Institute Inc give grants?
Ninetwelve Institute Inc gives mostly in Indiana: 85% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest state was Illinois (7%). The most frequent recipient cities were Elkhart, IN (15 grants), Indianapolis, IN (11 grants), South Bend, IN (5 grants) and Lafayette, IN (4 grants).
Does Ninetwelve Institute Inc give general operating support?
Not in 2024: none of the 139 grants with a stated purpose on Ninetwelve Institute Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Research" (139 grants).
Who are Ninetwelve Institute Inc's largest grantees?
Ninetwelve Institute Inc's largest 2024 grantees include Nhanced Semiconductors Inc ($1,000,000), Dallara USA Holdings Inc ($450,000) and Bila Solar Inc ($300,000), according to its 2024 IRS Form 990. Together they received 12% of its itemized 2024 grant dollars.
How large is Ninetwelve Institute Inc?
Ninetwelve Institute Inc reported $26.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $32.8M.
What does Ninetwelve Institute Inc fund?
The organization’s stated mission includes supporting government science, technology, and economic development objectives. See mission & focus areas ↑
How do I apply for a grant from Ninetwelve Institute Inc?
Ninetwelve Institute Inc has no public application process in the sources Grantable reviewed. Check ninetwelve.us for current guidelines, or contact the foundation directly before submitting a request.
What is Ninetwelve Institute Inc's EIN?
Ninetwelve Institute Inc's EIN (Employer Identification Number) is 84-4615768. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 24, 2025)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
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