2025-12-19T11:34:40-06:00 2023-06-30 352123203 KSM BUSINESS SERVICES INC PO BOX 40857 INDIANAPOLIS IN 46240 990 2022-07-01 202664607 INDIANA ECONOMIC DEVELOPMENT FOUNDATION INC INDI 8004638081 1 NORTH CAPITAL AVE INDIANAPOLIS IN 46204 JOSHUA RICHARDSON IEDC PRESIDENT 8004638081 2025-12-16 1 0 CASSE TATE P01271193 3175802000 2025-12-15 2022 2025-03-06 01:10:19Z JOSHUA RICHARDSON 1 NORTH CAPITAL AVE INDIANAPOLIS IN 46204 1570847 0 X HTTPS://IEDC.IN.GOV/ X 2005 IN TO PROMOTE INDUSTRIAL AND BUSINESS DEVELOPMENT, DIVERSIFICATION OF INDIANA'S ECONOMY, AND OVERALL ECONOMIC GROWTH OF INDIANA. 14 14 0 13 0 0 2595349 1546863 0 0 3137 5411 0 18573 2598486 1570847 3629 2540 0 0 0 0 0 0 156562 4388783 2251170 4392412 2253710 -1793926 -682863 2084254 1274371 412271 285251 1671983 989120 X TO PROMOTE INDUSTRIAL AND BUSINESS DEVELOPMENT, DIVERSIFICATION OF INDIANA'S ECONOMY, AND OVERALL ECONOMIC GROWTH OF INDIANA; TO PROMOTE THE RETENTION, EXPANSION, GROWTH, AND MODERNIZATION OF INDIANA'S BUSINESSES; TO PROMOTE THE CREATION OF NEW JOBS, RETENTION OF EXISTING JOBS, AND THE DEVELOPMENT OF ENTRPRENEURIAL ACTIVITIES IN INDIANA; AND OTHERWISE TO ASSIST THE GOVERNOR AND THE INDIANA ECONOMIC DEVELOPMENT CORPORATION (IEDC) IN REACHING THEIR ECONOMIC GOALS BY RAISING FUNDS FROM THE GENERAL PUBLIC AND NON-PROFIT FOUNDATIONS AND ORGANIZATIONS. 0 0 1674512 2540 0 IN 2022, THE ORGANIZATION CATALYZED HISTORIC ECONOMIC GROWTH ACROSS INDIANA, SECURING $22 BILLION IN NEW COMMITTED CAPITAL INVESTMENT A 260% INCREASE FROM 2021. THIS SUPPORTED 218 BUSINESS PROJECTS AND GENERATED 24,059 EXPECTED NEW JOBS WITH AN AVERAGE WAGE OF $34.71/HOUR, EXCEEDING THE STATE AVERAGE BY 27.6%. THESE RESULTS MARKED NEW RECORDS IN BOTH INVESTMENT AND JOB CREATION. STRATEGIC SECTOR DEVELOPMENT INCLUDED MAJOR ADVANCEMENTS IN MICROELECTRONICS, ELECTRIC VEHICLES, AND CLEAN ENERGY. SIX NEW MICROELECTRONICS INVESTMENTS WERE ANNOUNCED, INCLUDING A $1.8 BILLION SEMICONDUCTOR R&D AND PRODUCTION FACILITY BY SKYWATER TECHNOLOGY AND A NEW DESIGN CENTER BY TAIWAN-BASED MEDIATEK IN PARTNERSHIP WITH PURDUE UNIVERSITY. THE ORGANIZATION ALSO LAUNCHED WESTGATE ONE, A MICROELECTRONICS HUB IN DAVIESS COUNTY, ATTRACTING OVER $300 MILLION IN INVESTMENT AND MORE THAN 500 NEW JOBS. INDIANA'S ELECTRIC VEHICLE SECTOR EXPANDED WITH STELLANTIS AND SAMSUNG SDI'S JOINT VENTURE TO BUILD A NEXT-GEN EV BATTERY FACILITY IN KOKOMO, CREATING 1,400 JOBS. GENERAL MOTORS COMMITTED $491 MILLION TO UPGRADE ITS MARION METAL PLANT, AND SOULBRAIN MI INVESTED $75 MILLION IN LITHIUM-ION BATTERY PRODUCTION. INDIANA RANKED #4 NATIONALLY FOR NEW CLEAN ENERGY PROJECTS, WITH 5,104 MEGAWATTS UNDER DEVELOPMENT. DORAL RENEWABLES BROKE GROUND ON THE SECOND PHASE OF MAMMOTH SOLAR, SET TO BECOME THE LARGEST SOLAR INSTALLATION IN THE U.S., DELIVERING 1.3 GIGAWATTS OF CLEAN ENERGY ACROSS 13,000 ACRES. THE ORGANIZATION ALSO JOINED A SEVEN-STATE MIDWEST COALITION TO PURSUE A REGIONAL HYDROGEN HUB, ADVANCING ENERGY SECURITY AND AFFORDABILITY. THE ORGANIZATION ELEVATED INDIANA'S GLOBAL PRESENCE THROUGH THE INAUGURAL INDIANA GLOBAL ECONOMIC SUMMIT, HELD IN MAY 2022. THE SUMMIT WELCOMED 944 REGISTRANTS, 29 INTERNATIONAL DELEGATIONS, AND 75 SPEAKERS, GENERATING $1.24 MILLION IN SPONSORSHIPS AND $14.9 MILLION IN EARNED MEDIA VALUE. ADDITIONALLY, INDIANA LEADERS PARTICIPATED IN THE UNITED NATIONS CLIMATE CHANGE CONFERENCE (COP27), JOINING GLOBAL CHANGEMAKERS TO PROMOTE CLEAN ENERGY INNOVATION AND ATTRACT INTERNATIONAL INVESTMENT. THESE ACCOMPLISHMENTS POSITIONED INDIANA AS A FORWARD-LOOKING LEADER IN ADVANCED INDUSTRIES, SUSTAINABILITY, AND GLOBAL COLLABORATION DRIVING INCLUSIVE ECONOMIC GROWTH AND PREPARING THE STATE FOR THE ECONOMY OF THE FUTURE. 1674512 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 11 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X RYAN MILLER 8004638081 1 NORTH CAPITAL AVE INDIANAPOLIS IN 46204 GOV ERIC HOLCOMB CHAIRMAN 1.00 X X 0 0 0 LINDA E WHITE DIRECTOR 1.00 X 0 0 0 MICHAEL KUBACKI DIRECTOR 1.00 X 0 0 0 JOEL GORELICK DIRECTOR 1.00 X 0 0 0 DAYTON MOLENDORP DIRECTOR 1.00 X 0 0 0 MARK MILES DIRECTOR 1.00 X 0 0 0 FRED MERRITT DIRECTOR 1.00 X 0 0 0 AMY SCHUMACHER DIRECTOR 1.00 X 0 0 0 JOHN THOMPSON DIRECTOR 1.00 X 0 0 0 RICK JOHNSON DIRECTOR 1.00 X 0 0 0 KRISTIN MARCUCCILLI DIRECTOR 1.00 X 0 0 0 DOMINIC GROTE DIRECTOR 1.00 X 0 0 0 JOHN LECHLEITER DIRECTOR 1.00 X 0 0 0 SUE MCCLOSKEY DIRECTOR 1.00 X 0 0 0 BRAD CHAMBERS IEDC SECRETARY OF COMMERCE 1.00 40.00 X 0 0 0 DAVID ROSENBERG IEDC EXEC. VP 1.00 40.00 X 0 206536 42859 ROBERT PAGLIA IEDC CFO (END JULY 2022) 1.00 40.00 X 0 191578 41201 HEIDI BABKOWSKI IEDC CFO (BEGIN JULY 2022) 1.00 40.00 X 0 37395 9704 0 435509 93764 0 0 1 0 CENTERPLATE 100 S CAPITOL AVE SUITE 300 INDIANAPOLIS IN 46225 EVENT SERVICES 161137 CIRCLE BLOCK PARTNERS LLC DBA CONRAD IND 50 W WASHINGTON STREET INDIANAPOLIS IN 46204 EVENT SERVICES 121503 2 1546863 1546863 5411 5411 CREDIT CARD REBATES 900099 18573 18573 18573 1570847 0 0 23984 2540 2540 902 902 156562 156562 21659 16749 4910 1216 91 1125 5236 1638 3598 18261 12046 6215 1075912 1061190 14722 719139 575311 143828 4947 4947 BAD DEBT 247336 247336 2253710 1674512 422636 156562 1463242 871303 621012 403068 2084254 1274371 412271 285251 412271 285251 X 1562749 879886 109234 109234 1671983 989120 2084254 1274371 -682863 0 X X 0 1 X 1 0 X 3020215 1321217 804458 2595349 1546863 9288102 3020215 1321217 804458 2595349 1546863 9288102 5784024 3504078 20306 40980 4570 3137 5411 74404 18573 18573 9381079 0.37350 0.33770 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2022 AMOUNT: $ 18,573. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES TRAVEL EXPENSES FOR SPEAKING ENGAGEMENTS AND STATE REPRESENTATION 772860 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES TRAVEL EXPENSES FOR SPEAKING ENGAGEMENTS AND STATE REPRESENTATION 333896 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES TRAVEL EXPENSES FOR SPEAKING ENGAGEMENTS AND STATE REPRESENTATION 685975 0 0 0 0 0 0 1792731 0 1792731 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X 1 1 0 0 0 0 0 0 0 0 0 DAVID ROSENBERG IEDC EXEC. VP 0 205385 0 0 0 1151 0 22624 0 20235 0 249395 0 0 ROBERT PAGLIA IEDC CFO (END JULY 2022) 0 190500 0 0 0 1078 0 20966 0 20235 0 232779 0 0 PART I, LINE 1A THE IEDC TRAVEL POLICY DOES NOT ADDRESS FIRST-CLASS AIRFARE. BUSINESS CLASS IS PERMITTED WHEN TOTAL FLIGHT TIME EXCEEDS 14 HOURS. EXCEPTIONS ARE MADE WHEN THE TRAVELING PARTY ARE TRAVELING AS PART OF A DELEGATION, AND BUSINESS CLASS IS ALLOWED REGARDLESS OF FLIGHT DURATION IN THESE CASES. CHARTER SERVICES ARE PRE-ARRANGED TO SUPPORT COORDINATED GROUP ACTIVITIES. SPOUSE'S TRAVEL EXPENSES ARE COVERED WHEN THE PRESENCE IS FOR PUBLIC DIPLOMACY OR FOR DIPLOMATIC FUNCTIONS. FORM 990- VOLUNTARY FILING THE INDIANA ECONOMIC DEVELOPMENT FOUNDATION (ORGANIZATION) IS EXEMPT FROM FILING FORM 990. THE ORGANIZATION APPLIED FOR EXEMPTION FROM FILING AND RECEIVED APPROVAL FROM THE IRS ON JUNE 14, 2011 UNDER REVENUE PROCEDURE 95-48. ON APRIL 8, 2025 THE GOVERNOR OF THE STATE OF INDIANA ISSUED EXECUTIVE ORDER 25-43 COMPELLING CERTAIN ORGANIZATIONS TO FILE FORM 990. AS A RESULT, THE ORGANIZATION IS FILING FORM 990 TO COMPLY WITH THIS EXECUTIVE ORDER, EVEN THOUGH THE FILING IS NOT REQUIRED BY THE INTERNAL REVENUE CODE.. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS BEING PROVIDED TO THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS AND BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE CONFLICTS ANNUALLY PER POLICY. ASSOCIATED ANNUAL TRAINING IS PROVIDED WITH ACKNOWLEDGEMENT AND WITH A REQUIREMENT TO UPLOAD A CURRENT CONFLICT OF INTEREST FORM. THE ORGANIZATION MAINTAINS A CONFLICT OF INTEREST LOG IN A CONTENT RESOURCE MANAGMENT SYSTEM AND REGULARY REVIEWS CONFLICT OF INTEREST DOCUMENTS. FORM 990, PART VI, SECTION B, LINE 15 WHILE THE INDIANA ECONOMIC DEVELOPMENT FOUNDATION DOES NOT COMPENSATE ANY OFFICERS, THE OFFICERS RECEIVE COMPENSATION FROM A RELATED ORGANIZATION, IEDC. THE IEDC PROCESS FOR DETERMINING COMPENSATION: THE OFFICERS ARE PAID BY THE STATE OF INDIANA. THE PROCESS FOR APPROVAL IS DONE THROUGH THE STATE'S STRATEGIC HIRING COMMITTEE (SHC). THE STRATEGIC HIRING COMMITTEE (SHC) IS COMPRISED OF REPRESENTATIVES FROM STATE BUDGET AGENCY (SBA), STATE PERSONNEL DEPARTMENT (SPD), OFFICE OF MANAGEMENT AND BUDGET (OMB), AND THE GOVERNOR'S OFFICE. THE SHC IS TASKED WITH MANAGING AND REVIEWING POSITION AND HIRING REQUESTS FOR STATE AGENCIES. THE GOAL OF THE COMMITTEE IS TO ASSIST IN THE EFFECTIVE MANAGEMENT OF AGENCY BUDGETS RELATED TO SALARIES AND BENEFITS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND ARE AVAILABLE ON THE IEDC TRANSPARENCY PORTAL. FORM 990, PART VI, SECTION B, LINE 13 AND 14 THE IED FOUNDATION FOLLOWS THE POLICIES SET IN PLACE BY THE STATE OF INDIANA AND INDIANA ECONOMIC DEVELOPMENT FOUNDATION'S RELATED AND CONTROLLING ORGANIZATION, INDIANA ECONOMIC DEVELOPMENT CORPORATION. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. INDIANA ECONOMIC DEVELOPMENT CORPORATION 1 NORTH CAPITOL AVE SUITE 700 INDIANAPOLIS IN 46204 356000158 STATE AGENCY IN 501(C)(3) LINE 6 N/A 0 INDIANA 21ST CENTURY FUND LP ONE NORTH CAPITOL SUITE 700 INDIANAPOLIS IN 46204 453126479 INVESTMENT FUND DE ELEVATE ADVISORS LLC EXCLUDED 450 0 0 0.45000 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0