DEVELOP INDY INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- DEVELOP INDY INC (EIN 26-1274009)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-10-07
- IRS object ID
- 201322809349300967
- Schema version
- 2012v2.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-10-07T12:00:05-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE HORWATH LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3815 River Crossing Parkway | AddressLine1 |
| Address Line2 | Suite 300 | AddressLine2 |
| City | Indianapolis | City |
| State | IN | State |
| ZIP Code | 462400977 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 261274009 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEVELOP INDY INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DEVE | NameControl |
| Phone | 3172371415 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 Monument Circle | AddressLine1 |
| City | Indianapolis | City |
| State | IN | State |
| ZIP Code | 46204 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MELISSA TODD | Name |
| Title | INTERIM PRESIDENT & CEO | Title |
| Date Signed | 2013-10-04 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Nicole Bencik | Name |
| PTIN | P00756195 | PTIN |
| Phone | 3175698989 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | X | AddressChange |
Name Of Principal Officer Business NameOfPrincipalOfficerBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MELISSA TODD | BusinessNameLine1 |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 Monument Circle Ste 1950 | AddressLine1 |
| City | Indianapolis | City |
| State | IN | State |
| ZIP Code | 46204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4396804 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.DEVELOPINDY.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2007 | YearFormation |
| State Legal Domicile | IN | StateLegalDomicile |
| Activity Or Mission Description | DEVELOP INDY IS MARION COUNTY'S LOCAL ECONOMIC DEVELOPMENT ORGANIZATION DEDICATED TO PROVIDING BUSINESS ATTRACTION, EXISTING BUSINESS RETENTION, EXPANSION AND LOCATION SERVICES TO INDIANAPOLIS/MARION COUNTY. | ActivityOrMissionDescription |
| Termination Or Contraction | X | TerminationOrContraction |
| Nbr Voting Members Governing Body | 18 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 17 | NbrIndependentVotingMembers |
| Total Nbr Employees | 20 | TotalNbrEmployees |
| Total Nbr Volunteers | 17 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1314000 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 49983 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 5132864 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 4346455 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 36908 | InvestmentIncomePriorYear |
| Investment Income Current Year | 366 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 19384 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 6503156 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4396804 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 629000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1985022 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1781685 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 863031 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4004157 | OtherExpensePriorYear |
| Other Expenses Current Year | 1295432 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 6414842 | TotalExpensesPriorYear |
| Total Expenses Current Year | 4143485 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 88314 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 253319 | RevenuesLessExpensesCY |
| Total Assets BOY | 7704048 | TotalAssetsBOY |
| Total Assets EOY | 235730 | TotalAssetsEOY |
| Total Liabilities BOY | 6307813 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1396235 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 235730 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | DEVELOP INDY IS MARION COUNTY'S LOCAL ECONOMIC DEVELOPMENT ORGANIZATION DEDICATED TO PROVIDING BUSINESS ATTRACTION, EXISTING BUSINESS RETENTION, EXPANSION AND LOCATION SERVICES TO INDIANAPOLIS/MARION COUNTY. (CONTINUED IN SCHEDULE O) | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | true | SignificantChange |
| Description | IN 2012, WITH THE ASSISTANCE FROM DEVELOP INDY, THE CITY OF INDIANAPOLIS SECURED 11,368 TOTAL JOB COMMITMENTS (3,328 NEW JOBS AND 8,040 RETAINED JOBS) AND OVER $599 MILLION IN PRIVATE INVESTMENT FROM 57 COMPANIES. ALTHOUGH COMPANIES FROM ALL DIFFERENT INDUSTRIES WERE REPRESENTED IN THE LIST OF SUCCESSFUL PROJECTS, THE CITY REMAINS FOCUSED ON SEVERAL TARGETED INDUSTRY CLUSTERS. THESE INCLUDE LIFE SCIENCES, ADVANCED MANUFACTURING, INFORMATION TECHNOLOGY, ALTERNATIVE ENERGY AND LOGISTICS. COMPANIES IN THESE INDUSTRIES ACCOUNTED FOR MORE THAN 75% OF THE 2012 NEW JOB COMMITMENTS. THE GREATEST NUMBER OF NEW JOB COMMITMENTS CAME FROM THE INFORMATION TECHNOLOGY INDUSTRY WITH 1,240, FOLLOWED BY LIFE SCIENCES WITH 629, AND ADVANCED MANUFACTURING WITH 406. THE AVERAGE WAGE FOR NEW JOB COMMITMENTS WAS $25.12 PER HOUR, AS COMPARED WITH $23.62 PER HOUR IN 2011. (CONTINUED ON SCHEDULE O) | Description |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | false | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | false | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | true | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 20 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | true | NonDeductibleContributions |
| Non Deductible Disclosure | true | NonDeductibleDisclosure |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 18 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 17 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | false | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | IN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Melissa Todd | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3174642259 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 Monument Circle Ste 1950 | AddressLine1 |
| City | Indianapolis | City |
| State | IN | State |
| ZIP Code | 46204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| CAREY LYKINS | ||||||
| BOARD CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 |
| TREVOR BELDEN | ||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 |
| AL SMITH | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| BROOKE HUNTINGTON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| GLEN KWOK | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JOHN ANDREWS | ||||||
| DIRECTOR- PARTIAL YEAR | 0.00 | X | 0 | 0 | 0 | |
| KEVIN SPEER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| KYLE FISHER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MARIE-CHRISTINE PENCE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MELISSA PROFFITT REESE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MICHAEL HUBER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MICHAEL WILLIAMS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MOIRA CARLSTEDT | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ROBERT SMITH | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ROBERT W HILLMAN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| STEVE SULLIVAN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| TROY WHITTINGTON | ||||||
| DIRECTOR/INDY PARTNERSHIP EXECUTIVE DIRECTOR | 1.00 | X | 46042 | 0 | 1698 | |
| WAYNE BURRIS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| WILLIAM MARSAN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MELISSA TODD | ||||||
| INTERIM PRESIDENT & CEO | 50.00 | X | 89583 | 0 | 8604 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 135625 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 10302 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | true | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Government Grants | 49983 | GovernmentGrants |
| Total Contributions | 49983 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| ECONOMIC DEVELOPMENT CONTRACTS | 900099 | 1525979 | 1525979 |
| DEAL CLOSING INCOME | 900099 | 1985022 | 1985022 |
| CERTIFIED TECH PARK DEVELOPMENT INCOME | 900099 | 742882 | 742882 |
| MEMBERSHIP DUES | 900099 | 92572 | 92572 |
| 0 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 4346455 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 366 | TotalRevenueColumn |
| Exclusion | $366 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 0 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| Total Revenue ColumnTotalRevenueColumn |
|---|
| 0 |
| 0 |
| 0 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4396804 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4346455 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $366 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1985022 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 766033 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 85585 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11413 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 825658 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 265554 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35826 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19736 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77034 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57342 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5099 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7678 | Total |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| REPAIRS AND MAINTENANCE | 38 |
| PROPERTY TAXES | 1467 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4143485 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 719404 | BOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6906901 | BOY |
| EOY | 235730 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42340 | BOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16268 | BOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 0 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 0 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19135 | BOY |
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7704048 | BOY |
| EOY | 235730 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2500 | BOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1780503 | BOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4524810 | BOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6307813 | BOY |
| EOY | 0 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1396235 | BOY |
| EOY | 235730 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1396235 | BOY |
| EOY | 235730 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7704048 | BOY |
| EOY | 235730 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 253319 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1413824 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
| Total Of Amounts | 0 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | FIN 48 (ASC 740) footnote | Identifier |
| Return Reference | Schedule D, Part X, Line 2 | ReturnReference |
| Explanation | DEVELOP INDY IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE (CHAMBER); BELOW IS THE TEXT OF THE FIN 48 FOOTNOTE INCLUDED IN THE CHAMBER'S CONSOLIDATED FINANCIAL STATEMENTS. THE CHAMBER GENERALLY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, BUT IS SUBJECT TO INCOME TAXES ON CERTAIN TYPES OF INCOME. UNDER THIS CODE SECTION, INCOME OF THE CHAMBER IS EXEMPT UNLESS THE BUSINESS ACTIVITY IS UNRELATED TO THE CHARITABLE PURPOSE OF THE CHAMBER. ANY TAXABLE INCOME IS TAXED AT SPECIFIED RATES. THE CHAMBER IS PARTIALLY EXEMPT FROM INDIANA INCOME TAXES. DURING 2012, THE CHAMBER RECORDED INCOME TAX EXPENSE OF $97,883. THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. LOBBYING EXPENDITURES ARE NOT DEDUCTIBLE FOR FEDERAL INCOME TAX PURPOSES. MEMBERSHIP ORGANIZATIONS HAVE THE OPTION OF DISCLOSING TO MEMBERS THE PORTION OF THEIR DUES THAT ARE NON-DEDUCTIBLE AS A RESULT OF THE ORGANIZATION'S LOBBYING EXPENDITURES, OR PAYING A PROXY TAX ON THE LOBBYING EXPENDITURES. THE CHAMBER DISCLOSES TO MEMBERS THE PORTION OF NONDEDUCTIBLE DUES AND AS SUCH THE CHAMBER IS NOT SUBJECT TO THE PROXY TAX. THE CHAMBER IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2009. THE CHAMBER DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE CHAMBER RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE CHAMBER DID NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES AT DECEMBER 31, 2012. | Explanation |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | MARKETING INDIANAPOLIS, IN TO FOREIGN COMPANIES | 21440 |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | PROGRAM SERVICES | MARKETING INDIANAPOLIS, IN TO FOREIGN COMPANIES | 24023 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Total Amount Spent | 45463 | TotalAmountSpent |
| Transfer To Foreign Corp | false | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | false | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Method used to account for expenditures on organization's financial statements | Schedule F, Part I, Line 3 | EAST ASIA AND THE PACIFIC: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL |
| Method used to account for expenditures on organization's financial statements | Schedule F, Part I, Line 3 | EAST ASIA AND THE PACIFIC: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|
| HENRY AMALGAMATED LLC | ||||||
| 5240 WINTHROP AVE | INDIANAPOLIS | IN | 46220 | 201051216 | 1856705 | ECONOMIC DEVELOPMENT |
| ANGIE'S LIST INC | ||||||
| 1030 E WASHINGTON ST | INDIANAPOLIS | IN | 46202 | 272440197 | 127433 | ECONOMIC DEVELOPMENT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 0 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 2 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedures for monitoring use of grant funds | Identifier |
| Return Reference | Schedule I, Part I, Line 2 | ReturnReference |
| Explanation | FUNDS ARE MONITORED BY THE ORGANIZATION TO ENSURE THEY ARE USED FOR THE PURPOSES FOR WHICH THEY ARE DISBURSED, WHICH IS SPECIFIED IN THE GRANT CONTRACT SIGNED BY THE RECIPIENTS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TROY WHITTINGTON | ||||||||||||||
| DIRECTOR/INDY PARTNERSHIP EXECUTIVE DIRECTOR | 46042 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1698 | 0 | 47740 | 0 | 0 | 0 |
| MELISSA TODD | ||||||||||||||
| INTERIM PRESIDENT & CEO | 74583 | 0 | 15000 | 0 | 0 | 0 | 2983 | 0 | 5621 | 0 | 98187 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Schedule J, Part II | Compensation from an unrelated organization or individual | NAME - TROY WHITTINGTON, COMPENSATION FROM UNRELATED ORGANIZATION - 47,740, NAME OF UNRELATED ORGANIZATION - HUMAN CAPITAL CONCEPTS, TYPE OF COMPENSATION - EMPLOYEE COMPENSATION;NAME - MELISSA TODD, COMPENSATION FROM UNRELATED ORGANIZATION - 98,187, NAME OF UNRELATED ORGANIZATION - HUMAN CAPITAL CONCEPTS, TYPE OF COMPENSATION - EMPLOYEE COMPENSATION; |
| Schedule J, Part II | Compensation from an unrelated organization or individual | NAME - TROY WHITTINGTON, COMPENSATION FROM UNRELATED ORGANIZATION - 47,740, NAME OF UNRELATED ORGANIZATION - HUMAN CAPITAL CONCEPTS, TYPE OF COMPENSATION - EMPLOYEE COMPENSATION;NAME - MELISSA TODD, COMPENSATION FROM UNRELATED ORGANIZATION - 98,187, NAME OF UNRELATED ORGANIZATION - HUMAN CAPITAL CONCEPTS, TYPE OF COMPENSATION - EMPLOYEE COMPENSATION; |
Schedule N IRS990ScheduleN
Disposition Table DispositionTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Asset | NET ASSET TRANSFER - SEE PART III | DescriptionOfAsset |
| Date Of Distribution | 2012-07-16 | DateOfDistribution |
| FMV Of Asset | 1465317 | FMVOfAsset |
| Method Of FMV Determination | NET BOOK VALUE | MethodOfFMVDetermination |
| EIN | 350412920 | EIN |
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREATER INDIANAPOLIS CHAMBER OF COMMERCE | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 MONUMENT CIRCLE SUITE 1950 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRC Section | 501(C)(6) | IRCSection |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor2 | true | DirectorOfSuccessor2 |
| Employee Of Successor2 | true | EmployeeOfSuccessor2 |
| Owner Of Successor2 | false | OwnerOfSuccessor2 |
| Receive Compensation2 | false | ReceiveCompensation2 |
Form990 Schedule N Part III Form990ScheduleNPartIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Interested person who became a director or trustee of transferee organization | Schedule N, Part II, Line 2a | THE FOLLOWING DIRECTORS OF DEVELOP INDY BECAME DIRECTORS OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE: CAREY LYKINS ROBERT H. HILLMAN MELISSA PROFFITT REESE AL SMITH |
| Interested person who became an employee or independent contractor of transferee organization | Schedule N, Part II, Line 2b | THE FOLLOWING DIRECTORS/OFFICERS OF DEVELOP INDY BECAME EMPLOYEES OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE: TROY WHITTINGTON MELISSA TODD |
| DESCRIPTION OF ASSETS DISTRIBUTED | SCHEDULE N, PART II, LINE 1, COLUMN (A) | IN JULY 2012, THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE (CHAMBER) ACQUIRED ALL OPERATING ACTIVITIES OF DEVELOP INDY. THIS ACQUISITION WAS AGREED TO BY DEVELOP INDY IN A PURCHASE AGREEMENT DATED JULY 16, 2012. THE CHAMBER ACQUIRED DEVELOP INDY IN AN EFFORT TO CREATE SYNERGIES BETWEEN THE TWO ENTITIES FOR THE CONTINUED ECONOMIC DEVELOPMENT OF THE CITY OF INDIANAPOLIS. AT DECEMBER 31, 2012, ASSETS OF THE ORIGINAL DEVELOP INDY ENTITY TOTALING $235,730 REMAINED IN A SEPARATE BANK ACCOUNT, UNDER THE FEDERAL IDENTIFICATION NUMBER OF THE ORIGINAL DEVELOP INDY, WHICH IS STILL IN EXISTENCE AND UNDER THE CONTROL OF THE CHAMBER. THESE FUNDS WILL BE USED TO COVER THE REMAINING OPERATING LEASE PAYMENTS WHICH WERE COMMITTED TO BY THE ORIGINAL DEVELOP INDY ENTITY PRIOR TO THE CHAMBER'S ACQUISITION. THE REMAINDER OF THE DEVELOP INDY ASSETS AND LIABILITIES WERE TRANSFERRED TO THE CONTROL OF THE CHAMBER. THE NET AMOUNT OF THIS ACQUISITION TOTALED $1,465,317. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (13 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S MISSION | FORM 990, PART III, LINE 1 | (CONTINUED FROM PART III, LINE 1) THE PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE: -TO PROMOTE THE COMMON INTERESTS OF BUSINESSES AND TO IMPROVE GENERAL BUSINESS CONDITIONS IN MARION COUNTY BY PROMOTING, ENCOURAGING AND AIDING THE FORMATION, OPERATION, AND EXPANSION OF INDUSTRIAL, COMMERCIAL, OFFICE, RESIDENTIAL, MANUFACTURING, TRANSPORTATION AND LOGISTICS, LIFE SCIENCES, FINANCIAL, INSURANCE, SERVICE, SOFTWARE AND COMPUTING, HOSPITALITY, ENERGY, PROFESSIONAL AND OTHER BUSINESSES IN MARION COUNTY, AND TO DEVELOP AND ADMINISTER PROGRAMS TO ENCOURAGE EMPLOYERS TO LOCATE AND REMAIN IN MARION COUNTY; AND -IN FURTHERANCE OF THE AFORESAID PURPOSES, TO TRANSACT ANY AND ALL LAWFUL BUSINESS FOR WHICH CORPORATIONS MAY BE INCORPORATED UNDER THE ACT, PROVIDED SUCH BUSINESS IS NOT INCONSISTENT WITH THE CORPORATION BEING ORGANIZED AND OPERATED EXCLUSIVELY AS A BUSINESS LEAGUE. |
| Significant changes in program services | Form 990, Part III, Line 3 | IN JULY 2012, THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE (CHAMBER) ACQUIRED ALL OPERATING ACTIVITIES OF DEVELOP INDY AND THE CHAMBER BOARD ASSUMED CONTROL OF THE ORGANIZATION. THE ACQUISITION WAS AGREED TO BY DEVELOP INDY IN A PURCHASE AGREEMENT DATED JULY 16, 2012. THE CHAMBER ACQUIRED DEVELOP INDY IN AN EFFORT TO CREATE SYNERGIES BETWEEN THE TWO ENTITIES FOR THE CONTINUED ECONOMIC DEVELOPMENT OF THE CITY OF INDIANAPOLIS. |
| PROGRAM SERVICE DESCRIPTION | FORM 990, PART III, LINE 4A | (CONTINUED FROM PART III, LINE 4A) DEVELOP INDY ALSO SECURED COMMITMENTS FROM INDIANAPOLIS-BASED COMPANIES TO RETAIN 8,040 JOBS WITH AN AVERAGE WAGE OF $22.54 PER HOUR, AS COMPARED TO $28.46 PER HOUR IN 2011. THE GREATEST NUMBER OF RETAINED JOBS WAS IN LIFE SCIENCE WITH 3,017 JOBS. THE SECOND AND THIRD HIGHEST NUMBERS OF RETAINED JOBS WERE IN IT WITH 1,300, FOLLOWED BY LOGISTICS WITH 978. IN ADDITION, IN JULY 2012, THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE ACQUIRED ALL OPERATING ACTIVITIES OF DEVELOP INDY IN AN EFFORT TO CREATE SYNERGIES BETWEEN THE TWO ENTITIES FOR THE CONTINUED ECONOMIC DEVELOPMENT OF THE CITY OF INDIANAPOLIS. |
| Members or stockholders electing members of governing body | Form 990, Part VI, Section A, Line 7a | ALL BOARD MEMBERS ARE APPOINTED BY THE MAYOR OF THE CITY OF INDIANAPOLIS. |
| Review of form 990 by governing body | Form 990, Part VI, Section B, Line 11b | THE FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT. IN ADDITION, A COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD BEFORE FILING WITH THE IRS. |
| Conflict of interest policy | Form 990, Part VI, Section B, Line 12c | THE OFFICERS AND DIRECTORS OF THE ORGANIZATION ARE REQUIRED TO ANNUALLY SIGN A CONFLICT OF INTEREST QUESTIONNAIRE. THE QUESTIONNAIRES ARE REVIEWED BY THE CHAIR OF THE BOARD. ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ARE MONITORED BY THE CHAIR OF THE BOARD. IF ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST EXIST, THE BOARD MEMBER WITH THE CONFLICT IS REQUIRED TO ABSTAIN FROM VOTING ON MATTERS RELATED TO THE CONFLICT. |
| PROCESS FOR DETERMINING COMPENSATION FOR TOP MANAGEMENT OFFICIALS | FORM 990, PART VI, LINE 15A | THE BOARD OF DIRECTORS ESTABLISHED A COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION OF DEVELOP INDY'S TOP MANAGEMENT OFFICIAL. IN THE PAST, THE ORGANIZATION HAS USED FORMS 990 OF OTHER ORGANIZATIONS FOR COMPARABILITY TO ENSURE THE TOP MANAGEMENT OFFICIAL'S COMPENSATION IS REASONABLE. HOWEVER, IN 2012 THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL WAS PAID BY AN UNRELATED ORGANIZATION AND WAS ONLY SERVING IN THE TOP MANAGEMENT OFFICIAL POSITION IN THE INTERIM; THUS, COMPENSATION WAS NOT REVIEWED DURING THIS TIME. |
| PROCESS FOR DETERMINING COMPENSATION OF OTHER OFFICERS | FORM 990, PART VI, LINE 15B | THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION THAT RECEIVE COMPENSATION. THEREFORE, THIS QUESTION WAS MARKED "NO" IN ACCORDANCE WITH THE IRS INSTRUCTIONS FOR THE FORM 990. |
| Governing documents, conflict of interest policy and financial statements available to the public | Form 990, Part VI, Section C, Line 19 | FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. |
| OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES | FORM 990, PART VII, SECTION A, LINE 1A | ON JULY 16, 2012, THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE (CHAMBER) ACQUIRED THE OPERATING ACTIVITIES OF DEVELOP INDY; AS A RESULT OF THIS MERGER, EMPLOYEES OF DEVELOP INDY BECAME EMPLOYEES OF THE CHAMBER. THEREFORE, COMPENSATION REPORTED IN PART VII IS PRO-RATED BASED ON THE PERIOD OF TIME IN WHICH INDIVIDUALS WERE CONSIDERED EMPLOYEES OF DEVELOP INDY. |
| Form 990, Part VII, Section A, Line 5 | Compensation from an unrelated organization or individual | NAME - TROY WHITTINGTON, COMPENSATION FROM UNRELATED ORGANIZATION - 47,740, NAME OF UNRELATED ORGANIZATION - HUMAN CAPITAL CONCEPTS, TYPE OF COMPENSATION - EMPLOYEE COMPENSATION;NAME - MELISSA TODD, COMPENSATION FROM UNRELATED ORGANIZATION - 98,187, NAME OF UNRELATED ORGANIZATION - HUMAN CAPITAL CONCEPTS, TYPE OF COMPENSATION - EMPLOYEE COMPENSATION; |
| Other Expenses | Form 990, Part IX, Line 11g | PROFESSIONAL/ CONSULTING FEES - TOTAL EXPENSE: 144974, PROGRAM SERVICE EXPENSE: , MANAGEMENT AND GENERAL EXPENSES: , FUNDRAISING EXPENSES: ; CONTRACT/LABOR FEES - TOTAL EXPENSE: 680684, PROGRAM SERVICE EXPENSE: , MANAGEMENT AND GENERAL EXPENSES: , FUNDRAISING EXPENSES: ; |
| Other changes in net assets or fund balances | Form 990 , Part XI, Line 9 | NET ASSETS TRANSFER DUE TO MERGER - -1465317; FUND BALANCE AND OTHER ADJUSTMENTS DUE TO MERGER - 51493; |
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