CENTRAL INDIANA CORPORATE PARTNERSHIP INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
CENTRAL INDIANA CORPORATE PARTNERSHIP INC (EIN 35-2065459)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-10-02
IRS object ID
202422769349302062
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-10-02T16:32:11-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN352123203PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KSM BUSINESS SERVICES INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 40857AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46240ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN352065459EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CENTRAL INDIANA CORPORATEBusinessNameLine1Txt
Business Name Line2PARTNERSHIP INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCENTBusinessNameControlTxt
Phone3175324802PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11210 WATERWAY BLVD 5000AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46202ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLATOYA ALEXANDER BOTTERONPersonNm
Person TitlePRESIDENT & CFOPersonTitleTxt
Phone3175324802PhoneNum
Signature2024-09-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCASSE TATEPreparerPersonNm
PTINP01271193PTIN
Phone3175802000PhoneNum
Preparation2024-09-09PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLATOYA A BOTTERONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11210 WATERWAY BLVD 5000AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46202ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$8,411,868GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.CICPINDIANA.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1998FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionTHE CENTRAL INDIANA CORPORATE PARTNERSHIP (CICP) IS TRANSFORMING OUR REGIONAL ECONOMY, BRINGING TOGETHER THE CEOS OF CENTRAL INDIANA'S LARGEST AND MOST CIVICALLY ENGAGED EMPLOYERS AND UNIVERSITY PRESIDENTS TO ADVANCE "BIG PICTURE" PRIORITIES LIKE ENCOURAGING INNOVATION AND ENTREPRENEURSHIP, BUILDING A WORLD-CLASS WORKFORCE AND CREATING A PRO-GROWTH ECONOMY. CICP HAS BUILT A UNIFIED STRUCTURE FOR REGIONAL ECONOMIC DEVELOPMENT, LEADING A FAMILY OF INITIATIVES FOCUSED ON INDIANA'S MOST DYNAMIC, FAST-GROWING INDUSTRIES - LIFE SCIENCES, TECHNOLOGY, AGRICULTURAL INNOVATION, AND ADVANCED MANUFACTURING AND LOGISTICS.ActivityOrMissionDesc
Voting Members Governing Body63VotingMembersGoverningBodyCnt
Voting Members Independent63VotingMembersIndependentCnt
Total Employee180TotalEmployeeCnt
Total Volunteers200TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$10,111,603PYContributionsGrantsAmt
CY Contributions Grants$8,100,738CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$70,782PYInvestmentIncomeAmt
CY Investment Income$240,442CYInvestmentIncomeAmt
PY Other Revenue$38,837PYOtherRevenueAmt
CY Other Revenue$69,688CYOtherRevenueAmt
PY Total Revenue$10,221,222PYTotalRevenueAmt
CY Total Revenue$8,410,868CYTotalRevenueAmt
PY Grants And Similar Paid$132,927PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$36,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$16,273,537PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$17,954,871CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses-$7,257,168PYOtherExpensesAmt
CY Other Expenses-$8,911,924CYOtherExpensesAmt
PY Total Expenses$9,149,296PYTotalExpensesAmt
CY Total Expenses$9,078,947CYTotalExpensesAmt
PY Revenues Less Expenses$1,071,926PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$668,079CYRevenuesLessExpensesAmt
Total Assets BOY$8,043,821TotalAssetsBOYAmt
Total Assets EOY$6,777,292TotalAssetsEOYAmt
Total Liabilities BOY$1,734,076TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,135,626TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$6,309,745NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,641,666NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionCENTRAL INDIANA CORPORATE PARTNERSHIP (CICP) IS AN ALLIANCE OF INDIANA'S BUSINESS AND RESEARCH UNIVERSITY LEADERS COMING TOGETHER TO FOSTER LONG-TERM PROSPERITY FOR THE REGION. CICP'S MISSION IS TO TRANSFORM THE ECONOMY OF INDIANA IN ORDER TO CREATE SUSTAINABLE PROSPERITY AND QUALITY OF LIFE FOR OUR CITIZENS AND FUTURE GENERATIONS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescTECHPOINT IS THE INDUSTRY-LED GROWTH INITIATIVE FOR INDIANA'S DIGITAL INNOVATION ECONOMY AND OVERALL TECH ECOSYSTEM FOCUSED ON EXPANDING THE TECH TALENT PIPELINE, ENHANCING RESOURCE CONNECTIVITY FOR ENTERPRISE ORGANIZATIONS AND STARTUPS ALIKE, AND ELEVATING THE INDUSTRY BY ACTIVATING THE COMMUNITY AND AMPLIFYING STORIES OF SUCCESS IN COLLABORATION WITH PUBLIC, PRIVATE AND INDUSTRY PARTNERS. VISIT WWW.TECHPOINT.ORG. THE INDIANA TECH SECTOR MADE PROGRESS TOWARD ITS COLLABORATIVE GOAL OF INCLUSIVELY ADDING 41,000 TECH WORKERS TO THE STATE BY 2030 VIA TECHPOINT'S MISSION41K EFFORT. THE INTENTIONAL WORK ALSO INCLUDED GROWING THE NUMBER OF ADULT APPRENTICESHIPS, ENHANCING SKILLS-BASED HIRING PRACTICES AND INCREASING PROGRAMS AIMED AT BRINGING MORE BLACKS, HISPANICS AND WOMEN INTO HOOSIER TECH CAREERS. MORE THAN 200 TECH LEADERS ARE ACTIVE PARTICIPANTS IN MISSION41K. THE RATE OF INDIANA'S NEW TECH JOB CREATION GREW FROM AN AVERAGE OF 2 PERCENT IN 2022 TO 5.6 PERCENT IN 2023. TECHPOINT DOUBLED DOWN ON ITS HISTORY OF HELPING INDIANA TECH INNOVATORS ACCESS THE CAPITAL AND OTHER SUPPORT NEEDED TO GROW BY LAUNCHING THE INDIANA FOUNDERS NETWORK AND THE BUTLER ACCELERATOR FOR EDUCATION & WORKFORCE INNOVATION; REVAMPING THE CIO NETWORK; CONTINUING TO CONVENE INVESTORS TO LEARN ABOUT PROMISING COMPANIES; AND MARKETING ITS VENTURE SUPPORT OFFERINGS, INCLUDING THE INDIANA VCI MARKETPLACE. MORE THAN 160 STARTUPS WERE SERVED IN 2023. VENTURE CAPITAL (VC) INVESTMENTS IN INDIANA REACHED APPROXIMATELY $278 MILLION IN DEAL VALUE THROUGH 115 TECH DEALS IN 2023, THE FOURTH LARGEST AMOUNT OF ANNUAL INDIANA VC INVESTMENTS, FOLLOWING 2022, 2021 AND 2019, WHICH ALIGNS WITH NATIONAL TRENDS. WHILE THE BULK OF INVESTMENTS REMAINED IN CENTRAL INDIANA, EACH OF INDIANA'S REGIONS COMPLETED AT LEAST ONE DEAL. IN 2023, TECHPOINT ISSUED REPORTS ON ARTIFICIAL INTELLIGENCE AND ITS MARKET IMPLICATIONS, THE TECH WORKFORCE, MISSION 41K PROGRESS, AND VC PERFORMANCE. IN ADDITION, TECHPOINT PROVIDED WEEKLY PROMOTION OF CURRENT EVENTS AND TRENDS IN INDIANA TECH. THOUSANDS OF INDIANA TECH SECTOR MEMBERS ALSO TOOK PART IN MORE THAN 44 TECHPOINT CONVENINGS, INCLUDING CIO NETWORKING, LEADERSHIP ACADEMY TRAINING, VC CONNECTIONS, TALENT PROGRAM ACTIVITIES AND THE MIRA AWARDS GALA.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescCONEXUS INDIANA HAS BEEN POSITIONING THE HOOSIER STATE AS THE BEST PLACE FOR ADVANCED MANUFACTURING AND LOGISTICS INDUSTRIES TO INNOVATE, INVEST, EMPLOY AND SUCCEED FOR MORE THAN A DECADE. BY COLLABORATING WITH INDUSTRY, ACADEMIC AND PUBLIC SECTOR PARTNERS ON A SHARED VISION FOR AN INNOVATIVE, SKILLED WORKFORCE AND STRONGER BUSINESS CLIMATE, CONEXUS INDIANA HAS HELPED TO CREATE OPPORTUNITIES FOR ADVANCED MANUFACTURING AND LOGISTICS COMPANIES, PREPARE HOOSIERS TO SUCCEED IN THE STATE'S LARGEST INDUSTRY SECTORS AND MAINTAIN INDIANA'S COMPETITIVE ADVANTAGE. VISIT WWW.CONEXUSINDIANA.COM. WITH THE INPUT OF ITS INDUSTRY, ACADEMIC AND PUBLIC-SECTOR PARTNERS, CONEXUS INDIANA MADE SIGNIFICANT STRIDES IN 2023 GROWING PROVEN PROGRAMS AND LEADING IMPORTANT COLLABORATIVE EFFORTS TO PAVE A CLEAR PATH FOR COMPANIES AND HOOSIERS TO SUCCEED IN AN INDUSTRY 4.0 ECONOMY. FROM A POSITION OF STRENGTH, INDIANA MANUFACTURERS ARE EMBRACING OPPORTUNITIES TO INCREASE THEIR PRODUCTIVITY AND COMPETITIVENESS WITH ADVANCED TECHNOLOGIES AND A SKILLED WORKFORCE. INDIANA MANUFACTURERS ARE ADOPTING DIGITAL TECHNOLOGIES AT A POSITIVE PACE AND LOCAL ENTREPRENEURS AND TECHNOLOGY PROVIDERS ARE DELIVERING MUCH-NEEDED SOLUTIONS. CONEXUS INDIANA'S EFFORTS TO CONNECT TECHNOLOGY INTEGRATORS, ENTREPRENEURS AND INDIANA MANUFACTURERS ARE PAYING OFF AND HELPING TO GROW THE ADVANCED MANUFACTURING AND LOGISTICS (AML) ECOSYSTEM AND HELPING INDIANA COMPANIES FIND LOCAL TECHNOLOGY SOLUTIONS. CONEXUS STRATEGICALLY BROUGHT INDUSTRY AND ENTREPRENEURS TOGETHER THROUGH EVENTS, SUCH AS THE RALLY INNOVATION CONFERENCE AND THE GENER8TOR MANUFACTURING CONFERENCE, MAKING CONNECTIONS WHERE NONE EXISTED BEFORE. CONEXUS INDIANA ALSO SPEARHEADED THE LAUNCH OF HARDTECH INDIANA A CONVENING ORGANIZATION DESIGNED TO PROVIDE A SPACE WHERE HARDTECH INNOVATORS, INVESTORS AND CORPORATE CUSTOMERS CONNECT AND COLLABORATE. CONEXUS INDIANA PARTNERED WITH THE INDIANA ECONOMIC DEVELOPMENT CORPORATION (IEDC) FOR THE THIRD CONSECUTIVE YEAR TO ADMINISTER MANUFACTURING READINESS GRANTS, A PROGRAM THAT HELPS MANUFACTURERS MAKE INNOVATIVE CAPITAL INVESTMENTS LEVERAGING TECHNOLOGIES FROM ADVANCED COMMUNICATIONS TO COBOTS TO THE INDUSTRIAL INTERNET OF THINGS (IIOT) AND BEYOND. IN 2023, 161 GRANTS WERE AWARDED, SUPPORTING $329 MILLION IN TECHNOLOGY-ENABLED CAPITAL INVESTMENTS TO ACCELERATE PRODUCTION CAPABILITIES AND EFFICIENCIES.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescASCEND INDIANA IS A TALENT AND WORKFORCE DEVELOPMENT INITIATIVE COMMITTED TO MAKING INDIANA A PLACE OF ECONOMIC OPPORTUNITY FOR ALL. ASCEND CONNECTS JOB SEEKERS TO GOOD AND PROMISING CAREER OPPORTUNITIES THROUGH AN INNOVATIVE JOB MATCHING PLATFORM, THE ASCEND NETWORK; CATALYZES PARTNERSHIPS AND PROVIDES CONSULTING SERVICES TO MEET HIGH-DEMAND WORKFORCE NEEDS THROUGH ASCEND SERVICES; AND CONDUCTS RESEARCH THROUGH ASCEND INSIGHTS TO ENABLE SYSTEMS-LEVEL CHANGE THAT POSITIVELY IMPACTS INDIVIDUALS THROUGHOUT THE STATE. VISIT WWW.ASCENDINDIANA.COM. THE ASCEND NETWORK IS AN INNOVATIVE ONLINE JOB MATCHING PLATFORM THAT CONNECTS INDIVIDUALS TO JOBS, INTERNSHIPS, AND WORK-BASED LEARNING OPPORTUNITIES, WHILE HELPING INDIANA EMPLOYERS FIND AND HIRE QUALIFIED CANDIDATES. SINCE 2017, ASCEND HAS PROVIDED NEARLY 23,000 CAREER NAVIGATION ACTIVITIES TO STUDENTS AND JOB SEEKERS THROUGH THE CREATION OF A NETWORK PROFILE OR ONE-ON-ONE MEETINGS WITH A CAREER MENTOR. OVER 50% OF THESE INDIVIDUALS ARE INDIVIDUALS OF COLOR, FROM LOW-INCOME BACKGROUNDS, AND/OR FIRST-GENERATION COLLEGE STUDENTS. ALTOGETHER, THE NETWORK HAS CONNECTED OVER 2,800 INDIVIDUALS WITH GOOD AND PROMISING JOB OPPORTUNITIES IN THE STATE. ASCEND SERVICES BUILDS TALENT PIPELINES AND TALENT STRATEGIC PLANS THAT EQUIP INDIVIDUALS, INCLUDING BOTH YOUTH AND ADULTS, WITH THE KNOWLEDGE AND SKILLS REQUIRED FOR AVAILABLE GOOD AND PROMISING JOBS. SINCE 2017, ASCEND HAS BUILT 64 TALENT PIPELINES AND TALENT STRATEGIES ALONGSIDE EMPLOYERS, LEADING TO 2,047 INDIVIDUALS PARTICIPATING IN NEW TRAINING PROGRAMS THAT PREPARE THEM FOR GOOD JOBS IN THE STATE. IN 2023, SERVICES COMPLETED CRITICAL TALENT PIPELINE AND STRATEGIC PLANNING PROJECTS ALONGSIDE EMPLOYER PARTNERS, INCLUDING EMPLOYINDY AND THE CONEXUS INDIANA CATAPULT PROGRAM.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document42IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee180EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible ContributionsYes (1)NondeductibleContributionsInd
Nondeductible Contri DisclYes (1)NondeductibleContriDisclInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members63GoverningBodyVotingMembersCnt
Independent Voting Member63IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldINStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonLATOYA ALEXANDER BOTTERONPersonNm
Phone3175324802PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11210 WATERWAY BLVD SUITE 5000AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46202ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (90 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
TOM LINEBARGER
CHAIR - THROUGH JULY1.00Yes (X)Yes (X)$0$0$0
SUE ELLSPERMANN
AT-LARGE/CHAIR BEGINNING JULY1.00Yes (X)Yes (X)$0$0$0
BRYAN MILLS
VICE CHAIR/TREASURER1.00Yes (X)Yes (X)$0$0$0
STEPHEN FERGUSON
SECRETARY1.00Yes (X)Yes (X)$0$0$0
GAIL BOUDREAUX
AT-LARGE1.00Yes (X)$0$0$0
JEFF HARRISON
AT-LARGE1.00Yes (X)$0$0$0
MARK HILL
AT-LARGE1.00Yes (X)$0$0$0
JEFF SMULYAN
AT-LARGE1.00Yes (X)$0$0$0
JENNIFER RUMSEY
AT-LARGE - BEGINNING JULY1.00Yes (X)$0$0$0
DAVID RICKS
DIRECTOR/AT-LARGE BEGINNING JULY1.00Yes (X)$0$0$0
CONNIE BOND STUART
IMMED PAST CHAIR - THROUGH JULY1.00Yes (X)$0$0$0
ALLAN B HUBBARD
DIRECTOR1.00Yes (X)$0$0$0
AMAN BRAR
DIRECTOR1.00Yes (X)$0$0$0
AMY SCHUMACHER
DIRECTOR1.00Yes (X)$0$0$0
ANDREW INSLEY
DIRECTOR1.00Yes (X)$0$0$0
BILL SOARDS
DIRECTOR1.00Yes (X)$0$0$0
CANDICE BINEYARD
DIRECTOR1.00Yes (X)$0$0$0
CATHERINE LANGHAM
DIRECTOR1.00Yes (X)$0$0$0
CHUCK MAGRO
DIRECTOR1.00Yes (X)$0$0$0
CLAIRE FIDDIAN-GREEN
DIRECTOR1.00Yes (X)$0$0$0
DAVID BECKER
DIRECTOR1.00Yes (X)$0$0$0
DAVID GRAZIOSI
DIRECTOR1.00Yes (X)$0$0$0
DAVID M FINDLAY
DIRECTOR1.00Yes (X)$0$0$0
DEBORAH CURTIS
DIRECTOR1.00Yes (X)$0$0$0
DENNIS MURPHY
DIRECTOR1.00Yes (X)$0$0$0
ELLEN SWISHER CRABB
DIRECTOR1.00Yes (X)$0$0$0
FRED MERRITT
DIRECTOR1.00Yes (X)$0$0$0
GEOFFREY MEARNS
DIRECTOR1.00Yes (X)$0$0$0
J SCOTT DAVISON
DIRECTOR1.00Yes (X)$0$0$0
JA LACY
DIRECTOR1.00Yes (X)$0$0$0
JAMES DANKO
DIRECTOR1.00Yes (X)$0$0$0
JAMIE MERISOTIS
DIRECTOR1.00Yes (X)$0$0$0
JASON ECKERLE
DIRECTOR1.00Yes (X)$0$0$0
JEFFREY SIMMONS
DIRECTOR1.00Yes (X)$0$0$0
JIM RYAN
DIRECTOR1.00Yes (X)$0$0$0
JOHN EGGLETON
DIRECTOR1.00Yes (X)$0$0$0
JOHN T THOMPSON
DIRECTOR1.00Yes (X)$0$0$0
JUSTIN P CHRISTIAN
DIRECTOR1.00Yes (X)$0$0$0
KELLY PFLEDDERER
DIRECTOR1.00Yes (X)$0$0$0
KRISTIN MARCUCCILLI
DIRECTOR1.00Yes (X)$0$0$0
KRISTIN MAYS-CORBITT
DIRECTOR1.00Yes (X)$0$0$0
MARK MILES
DIRECTOR1.00Yes (X)$0$0$0
MIKE BERGHOFF
DIRECTOR1.00Yes (X)$0$0$0
N CLAY ROBBINS
DIRECTOR1.00Yes (X)$0$0$0
NATE FELTMAN
DIRECTOR1.00Yes (X)$0$0$0
PAMELA WHITTEN
DIRECTOR1.00Yes (X)$0$0$0
PETE WARD
DIRECTOR1.00Yes (X)$0$0$0
REV JOHN I JENKINS
DIRECTOR1.00Yes (X)$0$0$0
RICK FUSON
DIRECTOR1.00Yes (X)$0$0$0
ROBERT COONS
DIRECTOR1.00Yes (X)$0$0$0
SCOTT BRAND
DIRECTOR1.00Yes (X)$0$0$0
STAN PINEGAR
DIRECTOR1.00Yes (X)$0$0$0
STANLEY CHEN
DIRECTOR1.00Yes (X)$0$0$0
WESLEY SPRINKLE
DIRECTOR1.00Yes (X)$0$0$0
BRAD MOORE
DIRECTOR1.00Yes (X)$0$0$0
MUNG CHAING
DIRECTOR1.00Yes (X)$0$0$0
RICK HENVEY
DIRECTOR1.00Yes (X)$0$0$0
ASHLEY BABCOCK
DIRECTOR BEGINNING APRIL1.00Yes (X)$0$0$0
CHRISTINA MOUNGEY
DIRECTOR BEGINNING APRIL1.00Yes (X)$0$0$0
MARLA THOMPSON
DIRECTOR BEGINNING APRIL1.00Yes (X)$0$0$0
KEVIN SPEER
DIRECTOR BEGINNING AUG.1.00Yes (X)$0$0$0
TODD BORGMANN
DIRECTOR BEGINNING DEC.1.00Yes (X)$0$0$0
SCOTT DORSEY
DIRECTOR BEGINNING DEC.1.00Yes (X)$0$0$0
CHARLIE BAKER
DIRECTOR BEGINNING DEC.1.00Yes (X)$0$0$0
KENNETH ZAGZEBSKI
DIRECTOR BEGINNING DEC.1.00Yes (X)$0$0$0
HOLLY PAEPER
DIRECTOR APRIL TO DEC.1.00Yes (X)$0$0$0
JONATHAN NALLI
DIRECTOR THROUGH MARCH1.00Yes (X)$0$0$0
J ALBERT SMITH
DIRECTOR THROUGH APRIL1.00Yes (X)$0$0$0
SCOTT DOYLE
DIRECTOR THROUGH APRIL1.00Yes (X)$0$0$0
SYAM NAIR
DIRECTOR THROUGH APRIL1.00Yes (X)$0$0$0
PAUL NSELEL
DIRECTOR THROUGH JULY1.00Yes (X)$0$0$0
BRUCE KING
DIRECTOR THROUGH AUG.1.00Yes (X)$0$0$0
KIMBERLY SONERHOLM
DIRECTOR THROUGH NOV.1.00Yes (X)$0$0$0
KRISTINA LUND
DIRECTOR THROUGH DEC.1.00Yes (X)$0$0$0
MARK A EMMERT
DIRECTOR THROUGH DEC.1.00Yes (X)$0$0$0
MATT SAUSE
DIRECTOR THROUGH DEC.1.00Yes (X)$0$0$0
MICHAEL J PACKNETT
DIRECTOR THROUGH DEC.1.00Yes (X)$0$0$0
MITCHELL E DANIELS JR
DIRECTOR THROUGH DEC.1.00Yes (X)$0$0$0
MELINA KENNEDY
CEO, CICP20.00Yes (X)$612,573$0$67,94920.00
LATOYA BOTTERON
PRESIDENT & CFO, CICP24.00Yes (X)$456,965$0$67,80216.00
JASON KLOTH
PRESIDENT & CEO, ASCEND INDIANA40.00$452,108$0$37,113Yes (X)
FRED CARTWRIGHT
PRESIDENT & CEO, CONEXUS40.00$418,705$0$61,443Yes (X)
MITCHELL FRAZIER
PRESIDENT & CEO, AGRINOVUS INDIANA40.00$413,167$0$64,754Yes (X)
TING GOOTEE
PRESIDENT & CEO, TECHPOINT40.00$377,045$0$73,613Yes (X)
PATRICIA MARTIN
PRESIDENT & CEO, BIOCROSSROADS40.00$235,056$0$35,223Yes (X)
DARSHAN SHAH
EVP, DATA & ANALYTIXIN40.00$278,957$0$67,354Yes (X)
BRAD RHORER
CHIEF OPERATIONS & TALENT OFFICER40.00$265,770$0$63,495Yes (X)
JANE DUNIGAN-SMITH
SENIOR VP & CHIEF STRATEGY OFFICER40.00$271,220$0$61,193Yes (X)
DENNIS TRINKLE
SENIOR VP OF TALENT, STRATEGY & PARTNE40.00$245,812$0$30,733Yes (X)
TIM GEORGE
EXECUTIVE VP FOR INNOVATION & COLLABOR40.00$234,387$0$54,584Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$4,261,765TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$685,256TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K37IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
NEW APPRENTICESHIP PBC
110 E HOUSTON STREET FLOOR 7SAN ANTONIOTX78205SUPPORT TECHPOINT SKLLS FRST PTHWY PRGM$253,000
LEAF SOFTWARE SOLUTIONS INC
14300 CLAY TERRACE BLVD STE 200CARMELIN46032ASCEND TALENT NETWORK DEVELOPMENT$247,123
RESULTANT
PO BOX 4985HOUSTONTX772104985INFORMATION TECH SECURITY CONSULTING$198,361
HNTB CORPORATION
715 KIRK DRIVEKANSAS CITYMO64105CONEXUS INDOT FREIGHT PLANNG STUDY$152,977
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Membership Dues$1,453,250MembershipDuesAmt
Related Organizations$551,768RelatedOrganizationsAmt
Government Grants$3,229,394GovernmentGrantsAmt
All Other Contributions$2,866,326AllOtherContributionsAmt
Total Contributions$8,100,738TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$221,557TotalRevenueColumnAmt
Exclusion$221,557ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$19,885SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,000SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$18,885SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$18,885TotalRevenueColumnAmt
Exclusion$18,885ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS INCOMEDesc
Business900099BusinessCd
Total Revenue Column$69,688TotalRevenueColumnAmt
Related Or Exempt Func Income$69,688RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$69,688OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,410,868TotalRevenueColumnAmt
Related Or Exempt Func Income$69,688RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$240,442ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$36,000TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$3,373,519TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$10,536,799TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$994,377TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$2,179,067TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$871,109TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$84,866TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$26,347TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$200,984TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$277,759TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$197,673TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$64,765TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$358,355TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$83,293TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$26,872TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$15,530TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
PROJECT EXPENSES$1,727,010
DUES AND SUBSCRIPTIONS$158,594
MEALS AND ENTERTAINMENT$33,685
REIMBURSEMENT FOR SHARE-$12,167,657

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$9,078,947TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,870,057BOYAmt
EOY$870,602EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$5,917,328BOYAmt
EOY$5,865,740EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$8,246BOYAmt
EOY$9,843EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$248,190BOYAmt
EOY$31,107EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$8,043,821BOYAmt
EOY$6,777,292EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,109,627BOYAmt
EOY$454,123EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$163,431BOYAmt
EOY$237,995EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$461,018BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$443,508EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,734,076BOYAmt
EOY$1,135,626EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$6,309,745BOYAmt
EOY$5,641,666EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,309,745BOYAmt
EOY$5,641,666EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,043,821BOYAmt
EOY$6,777,292EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$668,079ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting OtherYes (X)MethodOfAccountingOtherInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House LobbyingYes (1)OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO AFFILIATEDesc
Amt$443,508Amt
FieldValueIRS element (for citing)
Total Liability$443,508TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$8,405,338TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$10,000DonatedServicesAndUseFcltsAmt
Revenue Not Reported$10,000RevenueNotReportedAmt
Revenue Subtotal$8,395,338RevenueSubtotalAmt
Investment Expenses Not Incld$15,530InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$15,530RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$8,410,868TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$9,073,417TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$10,000DonatedServicesUseFcltsAmt
Expenses Not Reported$10,000ExpensesNotReportedAmt
Expenses Subtotal$9,063,417ExpensesSubtotalAmt
Investment Expenses Not Incld2$15,530InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$15,530ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$9,078,947TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationINCOME TAX FOOTNOTE FROM AUDITED FINANCIAL STATEMENTS: THE PARTNERSHIP IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, THOUGH THEY ARE SUBJECT TO TAX ON INCOME UNRELATED TO THEIR EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. THE PARTNERSHIP FILES U.S. FEDERAL AND STATE OF INDIANA INFORMATIONAL TAX RETURNS. THEY ARE NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2020. MANAGEMENT BELIEVES THAT THE PARTNERSHIP'S INCOME TAX FILING POSITIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
ECONOMIC CLUB OF INDIANA INC
1630 N MERIDIAN STREETINDIANAPOLISIN191825448237381408501(C)(3)$10,000$0ADVANCE CENTRAL INDIANA ECONOMIC NETWORKING PROGRAMS
NORTHEAST INDIANA REGIONAL PARTNERSHIP INC
200 EAST MAIN STREET SUITE 910FORT WANYEIN46802351984702501(C)(6)$10,000$0ADVANCE REGIONAL BUSINESS INVESTMENT AND ECONOMIC DEVELOPMENT PROGRAMS
CAREERWISE COLORADO
400 S COLORADO BLVD SUITE 400DENVERCO80246811415662501(C)(3)$16,000$0ADVANCE ASCEND INDIANA'S MODERN AND YOUTH APPRENTICESHIP PROGRAMS
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationCICP REGULARLY REQUIRES REPORTING AND PERFORMS OTHER APPROPRIATE DUE DILIGENCE FROM RECIPIENTS OF ITS FUNDS. CONSISTENT WITH THE APPLICABLE CONTROLLING AGREEMENT, CICP RECEIVES REGULAR PROGRAMMATIC AND FINANCIAL REPORTS FROM RECIPIENTS OF ITS FUNDS WHICH ARE REVIEWED FOR COMPLIANCE AND RETAINED. FOR SIGNIFICANT GRANT FUNDED CICP PROGRAMS, THESE REPORTS ARE ALSO PROVIDED TO THE ORIGINATING GRANTOR. WHEN PROVIDING STIPENDS OR OTHER AWARDS TO INDIVIDUALS OR ORGANIZATIONS, PARTICIPANTS RECEIVE DOCUMENTATION OF REQUIREMENTS AND MAY ALSO BE REQUIRED TO SIGN AN AGREEMENT. ALL REQUIREMENTS OUTLINED IN THE DOCUMENTATION OR AGREEMENT MUST BE FULFILLED PRIOR TO FUNDING THE PARTICIPANT STIPEND OR OTHER AWARD.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MELINA KENNEDY
CEO, CICP$436,457$0$175,000$0$1,116$0$32,038$0$35,911$0$680,522$0$0$0
LATOYA BOTTERON
PRESIDENT & CFO, CICP$363,327$0$93,250$0$388$0$33,000$0$34,802$0$524,767$0$0$0
JASON KLOTH
PRESIDENT & CEO, ASCEND INDIANA$373,717$0$78,000$0$391$0$29,603$0$7,510$0$489,221$0$0$0
FRED CARTWRIGHT
PRESIDENT & CEO, CONEXUS$348,980$0$67,000$0$2,725$0$29,304$0$32,139$0$480,148$0$0$0
MITCHELL FRAZIER
PRESIDENT & CEO, AGRINOVUS INDIANA$349,152$0$63,654$0$361$0$30,645$0$34,109$0$477,921$0$0$0
TING GOOTEE
PRESIDENT & CEO, TECHPOINT$332,477$0$44,220$0$348$0$32,365$0$41,248$0$450,658$0$0$0
DARSHAN SHAH
EVP, DATA & ANALYTIXIN$241,217$0$37,500$0$240$0$27,177$0$40,177$0$346,311$0$0$0
JANE DUNIGAN-SMITH
SENIOR VP & CHIEF STRATEGY OFFICER$235,333$0$35,550$0$337$0$27,242$0$33,951$0$332,413$0$0$0
BRAD RHORER
CHIEF OPERATIONS & TALENT OFFICER$249,782$0$15,417$0$571$0$27,208$0$36,287$0$329,265$0$0$0
TIM GEORGE
EXECUTIVE VP FOR INNOVATION & COLLAB$209,212$0$25,000$0$175$0$23,603$0$30,981$0$288,971$0$0$0
DENNIS TRINKLE
SENIOR VP OF TALENT, STRATEGY & PART$224,904$0$20,000$0$908$0$24,490$0$6,243$0$276,545$0$0$0
PATRICIA MARTIN
PRESIDENT & CEO, BIOCROSSROADS$100,534$0$38,250$0$96,272$0$23,683$0$11,540$0$270,279$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 4APATRICIA MARTIN RECEIVED A SEVERANCE PAYMENT OF $95,614.
SCHEDULE J, PART I, LINE 3ESTABLISHMENT OF CEO COMPENSATION: AS DESCRIBED ELSEWHERE IN THE FORM 990, THE CICP EXECUTIVE COMMITTEE SETS THE CEO'S COMPENSATION. ALSO, SEE THE SCHEDULE O REFERENCE TO FORM 990, PART VI, SECTION B, LINE 15.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE NINE-MEMBER CICP EXECUTIVE COMMITTEE WILL REVIEW THE RETURN BEFORE AUTHORIZING DISTRIBUTION TO THE BOARD OF DIRECTORS. AS SOON AS POSSIBLE AFTER THAT MEETING, THE FORM WILL BE DISTRIBUTED TO THE FULL BOARD WITH AN EXPLANATION THAT THE FORM HAS BEEN REVIEWED BY MANAGEMENT AND THE EXECUTIVE COMMITTEE. THE BOARD MEMBERS ARE ENCOURAGED TO CONTACT MANAGEMENT WITH QUESTIONS AND CONCERNS. THE FULL BOARD WILL HAVE AN OPPORTUNITY TO DISCUSS THE RETURN AT THE AUGUST 2024 BOARD MEETING, BEFORE THE RETURN IS FILED.
FORM 990, PART VI, SECTION B, LINE 12CEACH DIRECTOR, OFFICER, AND STAFF MEMBER ANNUALLY RECEIVES A CONFLICT OF INTEREST QUESTIONNAIRE THROUGH WHICH THEY ARE ASKED TO CONFIRM OR REPORT THE FOLLOWING: (I) THAT THEY HAVE READ AND UNDERSTAND CICP'S CONFLICT OF INTEREST POLICY (WHICH IMPOSES UPON DIRECTORS, OFFICERS, AND STAFF A CONTINUING, AFFIRMATIVE DUTY TO REPORT ANY PERSONAL OWNERSHIP, INTEREST, OR RELATIONSHIP THAT MIGHT AFFECT THEIR ABILITY TO EXERCISE IMPARTIAL, ETHICAL, AND BUSINESS-BASED JUDGMENTS IN FULFILLING THEIR RESPONSIBILITIES TO CICP); (II) THAT THEY ARE IN COMPLIANCE WITH THE POLICY; (III) THAT THEY ARE REPORTING (WITH THEIR COMPLETED QUESTIONNAIRE) ALL ACTUAL OR POTENTIAL CONFLICTS OF INTEREST THAT ARISE AS A RESULT OF THEIR ROLE WITH CICP, AND EACH POSITION THAT THEY HOLD AS A DIRECTOR, TRUSTEE, OFFICER, OR EMPLOYEE OF ANY OTHER NONPROFIT ORGANIZATION; AND (IV) THAT THEY WILL REPORT PROMPTLY ANY CHANGES IN THE INFORMATION REPORTED IN THEIR QUESTIONNAIRE OR IN ANY OTHER MATTERS THAT MIGHT AFFECT COMPLIANCE WITH THE POLICY. THE EXECUTIVE ASSISTANT TO THE CEO COLLECTS AND REVIEWS THE QUESTIONNAIRES AS THEY ARE RETURNED, ALERTS THE CEO TO ANY CONFLICTS THAT HAVE BEEN REPORTED, AND MAKES SURE THAT ALL WHO ARE REQUIRED TO COMPLETE A CONFLICT QUESTIONNAIRE HAVE DONE SO. WHEN AN INDIVIDUAL REPORTS AN ACTUAL, POTENTIAL, OR PERCEIVED CONFLICT OF INTEREST, CICP FOLLOWS THE PROCEDURES OUTLINED IN ITS POLICY FOR DISCLOSURE OF CONFLICTS TO THE APPLICABLE BODY OF DECISION-MAKERS AND RECUSAL OF INDIVIDUAL(S) WITH CONFLICTS FROM THE DECISION-MAKING PROCESS. PURSUANT TO THE POLICY, THE CICP BOARD IS RESPONSIBLE FOR THE OVERSIGHT OF, AND ACTION REGARDING, ALL DISCLOSURES AND/OR FAILURES TO DISCLOSE.
FORM 990, PART VI, SECTION B, LINE 15CICP'S CEO AND PRESIDENT/CFO'S PERFORMANCE AND COMPENSATION ARE REVIEWED, ANALYZED, AND SET BY THE CICP EXECUTIVE COMMITTEE, WHICH USES A DISTINCT SET OF COMPARABLE DATA TO THE COMPENSATION OF OTHER EXECUTIVES IN SIMILAR POSITIONS IN OTHER ORGANIZATIONS. ADDITIONALLY, IN 2020 CICP ENGAGED MERCER, A NATIONAL HR CONSULTANCY FIRM, TO WORK WITH CICP TO DEVELOP AND ARTICULATE A FORMAL COMPENSATION STRATEGY AND PAY ANALYSIS OF CICP'S PRESIDENT AND CEO, CHIEF FINANCIAL OFFICER, AND SIX BRANDED INITIATIVE PRESIDENT AND CEO POSITIONS (EIGHT TOTAL EXECUTIVE POSITIONS). THE MERCER REPORT INCLUDES RECOMMENDATIONS REGARDING CICP'S EXECUTIVE COMPENSATION PHILOSOPHY; ANALYSIS OF EACH INCUMBENT'S POSITION IN THE COMPETITIVE MARKET FOR EACH COMPONENT OF COMPENSATION ANALYZED; GUIDELINES FOR EXECUTIVE PAY POSITIONING BASED ON EXPERIENCE, PERFORMANCE, MARKET MOVEMENT, ETC.; A PREVALENCE ANALYSIS OF SUPPLEMENTAL BENEFITS AND PERQUISITES RECEIVED BY EXECUTIVES; AND RECOMMENDATIONS REGARDING EXECUTIVE COMPENSATION PROGRAM MODIFICATIONS IN ORDER TO INCREASE ALIGNMENT WITH CICP'S EXECUTIVE COMPENSATION PHILOSOPHY AND MARKET BEST PRACTICES. THE MERCER REPORT WAS ADOPTED BY THE CICP EXECUTIVE COMMITTEE AT ITS NOVEMBER 10, 2020, MEETING. SEVERAL KEY EMPLOYEES ARE REVIEWED BY THEIR RESPECTIVE EXECUTIVE COMMITTEES OR DESIGNATED SUBCOMMITTEES ON AN ANNUAL BASIS, INCLUDING 2023. IN 2020, THE EXECUTIVE COMMITTEE BOARD CHAIRS FOR ALL BRANDED INITIATIVES ENGAGED IN MERCER'S PROCESS TO PRODUCE A REPORT, SIMILAR TO THE DOCUMENT PREPARED FOR CICP'S CEO AND PRESIDENT/CFO, WHICH WAS APPROVED IN A MEETING OF THE BOARD CHAIRS ON NOVEMBER 2, 2020. EACH YEAR EACH KEY EMPLOYEE SUBMITS A WRITTEN SELF-ASSESSMENT TO THE APPROPRIATE COMMITTEE PRIOR TO THE MEETING AT WHICH COMPENSATION IS ADDRESSED. THE COMMITTEE RECEIVES A LIST OF COMPENSATION COMPARABLES FROM THE CICP PRESIDENT/CFO. THE LIST COMPARES EACH EMPLOYEE'S COMPENSATION AGAINST THAT OF OTHER EXECUTIVES IN SIMILAR POSITIONS IN OTHER ORGANIZATIONS, THE FINDINGS OF THE MERCER STUDY, AS WELL AS THE COMPENSATION HISTORY FOR THE INDIVIDUAL. AT THE MEETING, THE INDIVIDUAL MAY REVIEW THE SELF-ASSESSMENT WITH THE COMMITTEE. THE INFORMATION PROVIDED IS USED TO DETERMINE ANY COMPENSATION ADJUSTMENT TO BE MADE. THE CHAIRMAN OF THE REVIEWING COMMITTEE AND ONE OTHER MEMBER MEET WITH THE INDIVIDUAL AND REVIEW THE CONCLUSIONS OF THE GROUP REGARDING PERFORMANCE AND COMPENSATION ADJUSTMENT, IF ANY. THE COMPENSATION TERMS AND RESULTS OF THE MEETING ARE DOCUMENTED AND FORWARDED TO CICP'S PRESIDENT/CFO. THE DOCUMENTATION USUALLY REFLECTS (I) THE DATE ON WHICH THE COMPENSATION WAS APPROVED, (II) THE MEMBERS OF THE COMMITTEE WHO WERE PRESENT AND VOTED ON THE COMPENSATION TERMS, (III) THE COMPARABILITY DATA THAT WAS OBTAINED, REVIEWED, AND RELIED ON BY THE COMMITTEE (AND HOW THE DATA WAS OBTAINED AND USED), AND (IV) ANY RECUSAL OR WITHDRAWAL BY A MEMBER OF THE COMMITTEE WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION (THE LAST POINT IS AN UNLIKELY SCENARIO).
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 5 - LINE 10SHARING OF PAID EMPLOYEES: CENTRAL INDIANA CORPORATE PARTNERSHIP, INC. (CICP) IS AFFILIATED WITH CICP FOUNDATION, INC., A 501(C)(3) CORPORATION; BC INITIATIVE, INC., (BCI), CLEANTECH SYSTEMS SOLUTIONS (CSS), TECHPOINT VENTURS (TPV), AND ASCEND INDIANA STRATEGIES (AIS), FOR PROFIT C CORPORATIONS. CICP EMPLOYS ALL WHO PROVIDE SERVICES ON BEHALF OF THE SIX ENTITIES. BASED ON INFORMATION PROVIDED BY CICP FOUNDATION, AIS, CSS, TPV, AND BCI; CICP ALLOCATES SALARY AND BENEFIT COSTS TO THE FOUNDATION, AIS, CSS, TPV, AND BCI; AND IS REGULARLY REIMBURSED FOR THOSE COSTS. CICP HAS A SHARED SERVICES AGREEMENT WITH CICP FOUNDATION. CICP EMPLOYEES MAY WORK ON PROGRAMS FUNDED THROUGH CICP FOUNDATION. IN MOST CASES THE TIME SPENT IS ALLOCATED TO CICP FOUNDATION AND REIMBURSED TO CICP. EMPLOYEE TIME SPENT ON FOR-PROFIT AFFILIATED ENTITIES IS ALWAYS REIMBURSED.
FORM 990, PART IX, LINE 24OTHER EXPENSES: AS DISCUSSED IN THE SCHEDULE O REFERENCE TO FORM 990, PART IX, LINE 5-LINE 10, CICP HAS A COMPENSATION AGREEMENT WITH CICP FOUNDATION,INC., ASCEND INDIANA STRATEGIES, CLEANTECH SYTEMS SOLUTION, TECHPOINT VENTURES, AND BC INITIATIVE, INC. THE AMOUNT LISTED ON LINE 24D IS EXPRESSED AS A NEGATIVE DOLLAR VALUE AS IT REPRESENTS SALARY REIMBURSEMENT MADE TO CICP. BECAUSE THIS AMOUNT IS NOT A TRUE EXPENSE TO CICP, WE HAVE DETERMINED THE SHOULD NOT BE INCLUDED ON CICP'S FUNCTIONAL EXPENSE SALARY LINE, BUT BROKEN OUT ON PART IX, LINE 24D AS SHOWN. BASIS OF ACCOUNTING: CICP CONSOLIDATED FINANCIAL STATEMENTS AND 990 RETURNS ARE PRESENTED ON A MODIFIED CASH BASIS OF ACCOUNTING, WHICH IS A BASIS OF ACCOUNTING OTHER THAN GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA (GAAP) AS FOLLOWS: CICP RECOGNIZES CASH RECEIPTS THAT ARE DESIGNATED FOR CURRENT YEAR OPERATIONS WHEN RECEIVED. THUS, MULTI-YEAR PLEDGES ARE NOT RECORDED AS INCOME UNTIL THE CASH IS RECEIVED. CASH RECEIVED FOR MULTI-YEAR GRANTS IS RECORDED AS DEFERRED INCOME AND IS RECOGNIZED AS INCOME WHEN ASSOCIATED EXPENSES HAVE BEEN INCURRED. ACCOUNTING DIFFERS FROM GAAP FOR OPERATING LEASE RIGHT-OF-USE ASSETS OR LIABILITIES, COST OF INVESTMENTS AND COSTS ASSOCIATED WITH FURNITURE, FIXTURES AND EQUIPMENT. CONSISTENT WITH GAAP, EXPENSES ARE RECORDED AS THEY ARE INCURRED.
FORM 990, PART XII, LINE 2CCOMMITTEE OVERSIGHT OF AUDIT: THE EXECUTIVE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR. AS REQUIRED BY CICP POLICIES AND UNDER THE DIRECTION OF THE CICP BOARD OF DIRECTORS, CICP INVITED FOUR FIRMS TO SUBMIT PROPOSALS PROVIDE AUDIT AND TAX SERVICES FOR 2021. AFTER REVIEW BY CICP MANAGEMENT AND THE CICP EXECUTIVE COMMITTEE, THERE WAS NO CHANGE FROM THE PREVIOUS YEAR.
SCHEDULE B, PART IIN 2023, CICP FOUNDATION, INC. PROVIDED A GRANT TO CENTRAL INDIANA CORPORATE PARTNERSHIP, INC. (CICP) IN THE AMOUNT OF $478,037 FOR THE REIMBURSEMENT OF EXPENSES. PER A MEMORANDUM FROM LEGAL COUNSEL, UP TO $750,000 IN COSTS ASSOCIATED WITH THE OFFICE RELOCATION WERE ALLOCABLE TO CICP FOUNDATION, INC. TO MIRROR THE EXPENSE ALLOCATION OF OTHER CHARITABLE ACTIVITY OF THE ORGANIZATION. CICP FOUNDATION, INC. IS PROVIDING A GRANT FOR A PORTION OF THE FURNITURE, FIXTURE, EQUIPMENT AND LEASEHOLD IMPROVEMENT EXPENSES INCURRED ON ITS BEHALF.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndDirect Controlling NADirectControllingNACd
CICP FOUNDATION INC
1210 WATERWAY BLVD SUITE 5000INDIANAPOLISIN46202352065457ENABLE CICP CHARITABLE ACTIVITYIN501(C)(3)LINE 12A, ICENTRAL INDIANA CORPORATE PARTNERSHIP INCYes (1)
INDIANA HEALTH INFORMATION EXCHANGE INC
846 NORTH SENATE AVENUE SUITE 300INDIANAPOLISIN46202364550324CLINICAL MESSAGING SERVICE TO REDUCE COSTS OF HEALTH CARE PROVIDERS.IN501(C)(3)LINE 12A, I0N/A
16 TECH COMMUNITY CORPORATION
1220 WATERWAY BLVDINDIANAPOLISIN46202810853467INNOVATION DISTRICTIN501(C)(3)LINE 12A, I0N/A
INDY HUB FOUNDATION INC
212 W 10TH STREETINDIANAPOLISIN46202455430916SUPPORT COMMUNITY DEVELOPMENT IN CENTRAL INDIANA.IN501(C)(3)LINE 12A, I0N/A
INDIANA BIOSCIENCES RESEARCH INSTITUTE INC
1210 WATERWAY BLVD SUITE 2000INDIANAPOLISIN46202462882271TRANSLATIONAL LIFE SCIENCES RESEARCH INSTITUTEIN501(C)(3)LINE 12A, I0N/A

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationIndShare Of Total IncomeShareOfTotalIncomeAmt
TECHPOINT VENTURES INC
1210 WATERWAY BLVD SUITE 5000INDIANAPOLISIN46202263662235TECHNOLOGY PROJECT FACILIATION.INCENTRAL INDIANA CORPORATE PARTNERSHIP INCC$8,6481.00000Yes (1)
BC INITIATIVE INC
1210 WATERWAY BLVD SUITE 5000INDIANAPOLISIN46202200882485IDENTIFYING AND BUILDING INDIANA'S LIFE SCIENCES.INCENTRAL INDIANA CORPORATE PARTNERSHIP INCC$453,8410.100000$36,181
CLEANTECH SYSTEMS SOLUTIONS INC
1210 WATERWAY BLVD SUITE 5000INDIANAPOLISIN46202453762473CLEAN TECHNOLOGY PROJECT FACILITATIONINCENTRAL INDIANA CORPORATE PARTNERSHIP INCC1.00000Yes (1)
ASCEND INDIANA STRATEGIES INC
1210 WATERWAY BLVD SUITE 5000INDIANAPOLISIN46202812549702EMPLOYER HUMAN CAPITAL CONSULTING SERVICES.INCENTRAL INDIANA CORPORATE PARTNERSHIP INCC$152,6981.00000Yes (1)$146,517
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (16 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
CICP FOUNDATION INC
N$695,409FMV
CICP FOUNDATION INC
C$478,037FMV
CICP FOUNDATION INC
O$11,952,353FMV
BC INITIATIVE INC
O$143,513FMV
ASCEND INDIANA STRATEGIES INC
O$71,791FMV
CLEANTECH SYSTEMS SOLUTIONS
Q$10,251FMV
BC INITIATIVE INC
Q$30,576FMV
ASCEND INDIANA STRATEGIES INC
Q$99,020FMV
TECHPOINT VENTURES INC
Q$335FMV
CICP FOUNDATION INC
Q$396,883FMV
CICP FOUNDATION INC
E$443,508FMV
ASCEND INDIANA STRATEGIES INC
D$9,238FMV
TECHPOINT VENTURES INC
D$335FMV
BC INITIATIVE INC
D$20,444FMV
16 TECH COMMUNITY CORPORATION
C$5,000FMV
BC INITIATIVE INC
C$68,731FMV

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE R, PART IVALTHOUGH CICP OWNS 10.00% OF THE BC INITIATIVE STOCK, LESS THAN A MAJORITY, IT IS ABLE TO APPOINT A MAJORITY OF BC INITIATIVE'S DIRECTORS. THEREFORE, BC INITIATIVE HAS BEEN INCLUDED ON SCHEDULE R AS A RELATED ORGANIZATION ON PART IV.
SCHEDULE R, PART V, LINES 1(P) AND (Q)TO THE EXTENT CICP INCURS EXPENSES ON BEHALF OF CICP FOUNDATION INC., BC INITIATIVE INC. (BCI), CLEANTECH SYSTEMS SOLUTIONS (CSS), TECHPOINT VENTURES (TPV), OR ASCEND INDIANA STRATEGIES (AIS), THE APPROPRIATE ENTITY REGULARLY REIMBURSES CICP. EACH MONTH CICP PREPARES AN INTERCOMPANY REPORT THAT DETAILS AMOUNTS DUE FROM CICP FOUNDATION, BCI, CSS, TPV, AND AIS, AND OWED TO CICP. BCI, CSS, TPV, AIS, AND CICP FOUNDATION PREPARE A SIMILAR RECONCILING REPORT OF THE AMOUNTS DUE TO CICP. REIMBURSEMENTS ARE MADE AS SOON AS POSSIBLE AFTER THE BOOKS ARE CLOSED EACH MONTH
SCHEDULE R, PART V, LINE 1 (N)SHARING OF FACILITIES, EQUIPMENT, MAILING LISTS, OR OTHER ASSETS: CICP FOUNDATION, INC. AND CICP SHARE OFFICE SPACE. EXPENSES ARE ALLOCATED BASED ON EMPLOYEE TIME ALLOCATIONS.
SCHEDULE R, PART V, LINE 1 (C)IN 2023, CICP FOUNDATION, INC. PROVIDED A GRANT TO CENTRAL INDIANA CORPORATE PARTNERSHIP, INC. (CICP) IN THE AMOUNT OF $478,037 FOR THE REIMBURSEMENT OF EXPENSES. PER A MEMORANDUM FROM LEGAL COUNSEL, UP TO $750,000 IN COSTS ASSOCIATED WITH THE OFFICE RELOCATION WERE ALLOCABLE TO CICP FOUNDATION, INC. TO MIRROR THE EXPENSE ALLOCATION OF OTHER CHARITABLE ACTIVITY OF THE ORGANIZATION. CICP FOUNDATION, INC. IS PROVIDING A GRANT FOR A PORTION OF THE FURNITURE, FIXTURE, EQUIPMENT AND LEASEHOLD IMPROVEMENT EXPENSES INCURRED ON ITS BEHALF.
SCHEDULE R, PART V, LINES 1 (D) & (E)INTERCOMPANY BALANCES DUE TO/FROM CICP AND CICP FOUNDATION AT YEAR END ARE CLASSIFIED AS LOANS ON THE FORM 990. ALL DUE TO/DUE FROM BALANCES AT YEAR END WERE REIMBURSED IN FEBRUARY 2024.
SCHEDULE R, PART IVCLEANTECH SYSTEMS SOLUTIONS, INC. WAS DISOLVED MAY 12, 2023.
SCHEDULE R, PART V, LINES 1 (O)SHARING OF PAID EMPLOYEES: CENTRAL INDIANA CORPORATE PARTNERSHIP, INC. (CICP) IS AFFILIATED WITH CICP FOUNDATION, INC., A 501(C)(3) CORPORATION; BC INITIATIVE, INC., (BCI), CLEANTECH SYSTEMS SOLUTIONS (CSS), TECHPOINT VENTURS (TPV), AND ASCEND INDIANA STRATEGIES (AIS), FOR PROFIT C CORPORATIONS. CICP EMPLOYS ALL WHO PROVIDE SERVICES ON BEHALF OF THE SIX ENTITIES. BASED ON INFORMATION PROVIDED BY CICP FOUNDATION, AIS, CSS, TPV, AND BCI; CICP ALLOCATES SALARY AND BENEFIT COSTS TO THE FOUNDATION, AIS, CSS, TPV, AND BCI; AND IS REGULARLY REIMBURSED FOR THOSE COSTS. CICP HAS A SHARED SERVICES AGREEMENT WITH CICP FOUNDATION. CICP EMPLOYEES MAY WORK ON PROGRAMS FUNDED THROUGH CICP FOUNDATION. IN MOST CASES THE TIME SPENT IS ALLOCATED TO CICP FOUNDATION AND REIMBURSED TO CICP. EMPLOYEE TIME SPENT ON FOR-PROFIT AFFILIATED ENTITIES IS ALWAYS REIMBURSED.

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