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INDIANA FINANCIAL SERVICES ASSOCIATION INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
INDIANA FINANCIAL SERVICES ASSOCIATION INC (EIN 46-1002472)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-03-15
IRS object ID
202240749349300549
Schema version
2021v4.0
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)
Return2022-03-15T16:39:31-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN263503647PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PETROW KANE LEEMHUIS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18440 WOODFIELD CROSSING 345AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46240ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461002472EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INDIANA FINANCIAL SERVICESBusinessNameLine1Txt
Business Name Line2ASSOCIATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlINDIBusinessNameControlTxt
Phone3172386291PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE INDIANA SQUARE SUITE 2800AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46204ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBRETT ASHTONPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone3179975620PhoneNum
Signature2022-01-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstBRETTPersonFirstNm
Person LastASHTONPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL D BARTONPreparerPersonNm
PTINP01713623PTIN
Phone3174524700PhoneNum
Preparation2022-03-10PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRYAN BLACKPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE INDIANA SQUARE SUITE 2800AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46204ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$80,614GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.INDIANAFSA.COMWebsiteAddressTxt
Type Of Organization AssocYes (X)TypeOfOrganizationAssocInd
Formation2012FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionTO PROMOTE THE COMMON INTERESTS, OPPORTUNITIES, AND GROWTH OF ENTITIES AND ORGANIZATIONS WHO PROVIDE FINANCIAL SERVICES THROUGHOUT THE STATE OF INDIANA; TO SUPPORT THE SPECIFIC NEEDS OF THOSE ENTITIES AND ORGANIZATIONS WITHIN THE FINANCIAL SERVICES INDUSTRY; TO RECOGNIZE AND FURTHER DEVELOP THE NETWORK OF THOSE ENTITIES AND ORGANIZATIONS PROVIDING FINANCIAL SERVICES AND OPERATING THROUGHOUT THE STATE OF INDIANA; TO SUPPORT AND PROMOTE, THROUGH A SINGLE ORGANIZATION, THE POSITION OF THE MEMBERSHIP ON SIGNIFICANT LOCAL, STATE, AND NATIONAL CONCERNS OF THE FINANCIAL SERVICES INDUSTRY; TO SERVE AS A VEHICLE FOR ENTITIES AND ORGANIZATIONS ENGAGED IN FINACIAL SERVICES TO IDENTIFY, CONFIRM, AND COMMUNICATE CERTAIN LEGISLATIVE, EXECUTIVE, REGULATORY AND OTHER POLICY ISSUES WHICH PERTAIN TO THE INTERESTS OF THE FINANCIAL SERVICES INDUSTRY GENERALLY OR WITH RESPECT TO THE MEMBERS TO APPROPRIATE THIRD PARTIES, TO THE EXTENT PERMITTED BY LAW; TO MONITOR PUBLIC LEGISLATION FOR THE PURPOSE OF KEEPINActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$98,826PYContributionsGrantsAmt
CY Contributions Grants$80,614CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$98,826PYTotalRevenueAmt
CY Total Revenue$80,614CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$83,000PYOtherExpensesAmt
CY Other Expenses$60,000CYOtherExpensesAmt
PY Total Expenses$83,000PYTotalExpensesAmt
CY Total Expenses$60,000CYTotalExpensesAmt
PY Revenues Less Expenses$15,826PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$20,614CYRevenuesLessExpensesAmt
Total Assets BOY$44,263TotalAssetsBOYAmt
Total Assets EOY$64,877TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$44,263NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$64,877NetAssetsOrFundBalancesEOYAmt
MissionSEE SCHEDULE OMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescPROMOTING THE COMMON INTERESTS, OPPORTUNITES, AND GROWTH OF ENTITIES AND ORGANIZATIONS WHO PROVIDE FINANCIAL SERVICES THROUGHOUT THE STATE OF INDIANA AND TO PROVIDE EDUCATION, RESEARCH, PUBLIC RELATIONS, DIRECT COMMUNICATION WITH REGULATORS AND LEGISLATORS CONCERNING THE FINANCIAL SERVICES INDUSTRY FOR THE BENEFIT OF ITS MEMBERS.Desc
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxYes (true)SubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldINStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonBRETT ASHTONPersonNm
Phone3172386291PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE INDIANA SQUARE SUITE 2700AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46204ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
RYAN BLACK
PRESIDENT/SE1.00Yes (X)Yes (X)$0$0$0
DREW CHLAN
BOARD MEMBER1.00Yes (X)$0$0$0
ALLEN GRIFFITH
BOARD MEMBER1.00Yes (X)$0$0$0
STEVEN HOLT
BOARD MEMBER1.00Yes (X)$0$0$0
SCOTT MILBOURN
VICE PRESIDE1.00Yes (X)Yes (X)$0$0$0
JOE SCHUEBERT
BOARD MEMBER1.00Yes (X)$0$0$0
BRETT ASHTON
EXECUTIVE DI1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Membership Dues$80,614MembershipDuesAmt
Total Contributions$80,614TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$80,614TotalRevenueColumnAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$60,000TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$60,000TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$44,263BOYAmt
EOY$64,877EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$44,263BOYAmt
EOY$64,877EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$44,263BOYAmt
EOY$64,877EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$44,263BOYAmt
EOY$64,877EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$44,263BOYAmt
EOY$64,877EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$20,614ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues NondedfalseSubstantiallyAllDuesNondedInd
Only In House LobbyingfalseOnlyInHouseLobbyingInd
Agree Carryover Prior YearfalseAgreeCarryoverPriorYearInd
Dues Assessments$80,614DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$30,000NonDeductibleLbbyngPltclCYAmt
Non Ded Lbbyng Pltcl Cyov$11,553NonDedLbbyngPltclCyovAmt
Non Deductible Lbbyng Pltcl Tot$41,553NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$40,307AggregateReportedDuesNtcAmt
Carried Over$1,246CarriedOverAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$80,614TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$80,614RevenueSubtotalAmt
Total Revenue Per Form990$80,614TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$60,000TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$60,000ExpensesSubtotalAmt
Total Expenses Per Form990$60,000TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PAGE 3, PART XFormAndLineReferenceDesc
ExplanationIN CONSIDERATION OF ASC 740-10-25 ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES, THE ASSOCIATION HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT SHOULD BE RECOGNIZED IN THE ACCOMPANYING STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS AND CHANGES IN CASH. THE ASSOCIATIONS 2020, 2019 AND 2018 TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BREVIEWED BY PRESIDENT AND LEGAL COUNSEL BEFORE FILING.
FORM 990, PAGE 6, PART VI, LINE 19AVAILABLE UPON REQUEST

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