2013-11-01T13:00:09-05:00 2012-12-31 CROWE HORWATH LLP 3815 River Crossing Parkway Suite 300 Indianapolis IN 462400977 990 2012-01-01 356017715 INDIANAPOLIS CHAMBER OF COMMERCE FOUNDATION INDI 3174642200 111 Monument Circle Indianapolis IN 46204 STEVE WALKER 2013-10-08 true nicole bencik P00756195 3175698989 2012 2016-02-24 21:20:13Z GREATER INDIANAPOLIS CHAMBER OF COMMERCE FOUNDATION STEVEN F WALKER 111 Monument Circle Suite 1950 Indianapolis IN 46204 347544 false X NONE X 1955 IN THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE FOUNDATION'S MISSION IS TO ENCOURAGE, AID OR PROMOTE EDUCATIONAL OR CHARITABLE ORGANIZATIONS' ENDEAVORS OR ACTIVITIES & TO OPERATE FOR THE BENEFIT OF THE CHARITABLE & EDUCATIONAL PURPOSES OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE. 8 8 0 8 0 0 491268 316219 0 0 204 0 0 31325 491472 347544 75000 124011 0 0 0 0 0 0 0 4031 37485 79031 161496 412441 186048 316147 233905 268290 0 47857 233905 X THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE FOUNDATION'S MISSION IS TO ENCOURAGE, AID OR PROMOTE EDUCATIONAL & CHARITABLE ORGANIZATIONS' ENDEAVORS OR ECONOMIC DEVELOPMENT ACTIVITIES & TO OPERATE FOR THE BENEFIT OF THE CHARITABLE, EDUCATIONAL & ECONOMIC DEVELOPMENT PURPOSES OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE. false true 124011 124011 THE FOUNDATION SUPPORTS THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE'S EDUCATION AND CHARITABLE ACTIVITIES. THE FOUNDATION ALSO SUPPORTS CHARITABLE ORGANIZATIONS TO THE BETTERMENT OF THE INDIANAPOLIS AREA, WHICH SUPPORTS THE MISSION OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE. 20000 THE FOUNDATION SUPPORTS COMMON GOAL, THE CHARITABLE PROJECT OF INCREASING THE GRADUATION RATES OF ALL MARION COUNTY PUBLIC SCHOOLS. 144011 true true false false false false false false false false false false false false true false true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false false true 0 0 0 false false false false false false false false false false X 8 8 false false false false false true false false false false false true true true true false false false false false IN X Vandana Mathur Kapur 3174642221 111 Monument Circle Suite 1950 Indianapolis IN 46204 STEVEN F WALKER 1.00 1.00 X X 0 0 0 WILLIAM NEALE 1.00 1.00 X X 0 0 0 ALEX D OAK 1.00 1.00 X 0 0 0 BOB PALMER 1.00 1.00 X 0 0 0 DAVID N GRIFFITHS 1.00 1.00 X 0 0 0 MYRA BORSHOFF COOK 1.00 1.00 X 0 0 0 WAYNE PATRICK 1.00 0.00 X 0 0 0 YVONNE SHAHEEN 1.00 1.00 X 0 0 0 SCOTT MILLER 1.00 40.00 X 0 122500 8174 TAMMIE BARNEY 1.00 40.00 X 0 95729 8095 VANDANA KAPUR 1.00 40.00 X 0 96750 6610 ROLAND DORSON 0.00 X 0 125417 7352 0 440396 30231 0 true false false 0 316219 316219 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 REIMBURSEMENTS 900099 31325 31325 0 0 0 0 0 0 31325 347544 0 0 31325 124011 124011 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 COMMON GOAL PROGRAM EXPENSES 20000 20000 REIMBURSEMENTS 16295 16295 1190 0 1190 0 161496 144011 17485 0 0 246147 228309 70000 5596 0 0 0 0 0 0 0 0 0 0 0 0 316147 233905 27500 240790 0 0 0 268290 0 X -36759 28666 84616 205239 47857 233905 316147 233905 186048 0 X false true X true false X X false false false GREATER INDIANAPOLIS CHAMBER OF COMMERCE 350412920 501(c)(6) true true true 118300 1 118300 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 X FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE FOUNDATION 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. true GREATER INDIANAPOLIS CHAMBER OF COMMERCE 111 MONUMENT CIRCLE SUITE 1950 INDIANAPOLIS IN 46204 350412920 501(C)(6) 118300 0 N/A N/A ECONOMIC DEVELOPMENT & EDUCATION 0 1 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 THE FOUNDATION'S BOARD WORKS CLOSELY WITH THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE'S MANAGEMENT TO ENSURE THAT THE FUNDS ARE USED FOR THEIR INTENDED PURPOSES. THE FOUNDATION RELIES ON THE CHAMBERS' BOARD TO SUPERVISE THE USE OF THE FUNDS. true false false false false false false ROLAND DORSON 0 0 0 0 0 125417 0 0 0 7352 0 132769 0 0 Arrangement used to establish the top management official's compensation Schedule J, Part I, Line 3 COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS PAID BY THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE, A RELATED ORGANIZATION. THE CHAMBER USED A COMPENSATION COMMITTEE, COMPENSATION SURVEYS, AND APPROVAL BY THE COMPENSATION COMMITTEE TO DETERMINE COMPENSATION. Severance or change-of-control payment Schedule J, Part I, Line 4a TOTAL SEVERANCE PAYMENTS MADE BY THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE TO ROLAND DORSON DURING CALENDAR YEAR 2012 TOTALED $125,417. Significant changes in program services Form 990, Part III, Line 3 DURING 2012, THE ORGANIZATION BEGAN TO PHASE-OUT ITS COMMON GOAL PROGRAM, A PROJECT TO INCREASE GRADUATION RATES OF ALL MARION COUNTY PUBLIC SCHOOLS. Members or stockholders electing members of governing body Form 990, Part VI, Section A, Line 7a PER THE FOUNDATION'S BYLAWS, THE DIRECTORS ARE APPOINTED ANNUALLY BY THE BOARD OF DIRECTORS OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE, A RELATED TAX-EXEMPT ORGANIZATION. Documentation of meetings held by governing body Form 990, Part VI, Section A, Line 8a THE FOUNDATION BOARD OF DIRECTORS DID NOT MEET DURING 2012. THE BOARD OF DIRECTORS OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE, A RELATED ORGANIZATION, WAS PROVIDED REPORTING ON THE FOUNDATION'S ACTIVITIES DURING 2012. Documentation of meetings held by committees of governing body Form 990, Part VI, Section A, Line 8b THE FOUNDATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE ORGANIZATION'S FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT AND THE FINANCE COMMITTEE OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE, A RELATED ORGANIZATION, REVIEWS AND APPROVES THE FORM 990. IN ADDITION, A FINAL DRAFT OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. Conflict of interest policy Form 990, Part VI, Section B, Line 12c THE CONFLICT OF INTEREST POLICY OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE (GICOC), A RELATED ORGANIZATION, COVERS ALL FOUNDATION OFFICERS AND DIRECTORS. ANNUAL QUESTIONNAIRES ARE COMPLETED BY EACH INTERESTED PERSON AND ARE REVIEWED BY THE VICE PRESIDENT OF GICOC FINANCE. THE FOUNDATION'S PRESIDENT IS THEN MADE AWARE OF ANY POTENTIAL CONFLICTS THAT EXIST. IF A CONFLICT IF DETERMINED TO EXIST, THE DIRECTOR IS ASKED TO EXCUSE HIM OR HERSELF FROM ANY DISCUSSIONS AND/OR DECISIONS THAT INVOLVED THE CONFLICT. WHISTLEBLOWER AND DOCUMENT RETENTION & DESTRUCTION POLICIES FORM 990, PART VI, LINE 13 DUE TO THE FOUNDATION'S SIZE AND FACT THAT IT HAS NO EMPLOYEES, THE FOUNDATION DOES NOT HAVE A WRITTEN WHISTLEBLOWER POLICY OR WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. THE FOUNDATION FOLLOWS THE POLICIES OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE, A RELATED ORGANIZATION. FORM 990, PART VI, LINE 15A FORM 990, PART VI, LINE 15A COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS PAID BY THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE (GICOC), A RELATED ORGANIZATION; THEREFORE, THIS QUESTION HAS BEEN ANSWERED "NO" IN ACCORDANCE WITH THE IRS INSTRUCTIONS. HISTORICALLY, COMPENSATION PAID BY GICOC TO ITS TOP MANAGEMENT OFFICIAL WAS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE AND COMPENSATION COMMITTEE ANNUALLY IN FEBRUARY. COMPENSATION DATA IN THE FORM OF SALARY SURVEYS WERE UTILIZED TO DETERMINE REASONABLE COMPENSATION, AND MINUTES WERE TAKEN AT THE MEETINGS TO DOCUMENT THE APPROVAL PROCESS BY BOTH THE EXECUTIVE AND COMPENSATION COMMITTEES. THIS REVIEW PROCESS WAS IN PLACE THROUGH THE DATE OF GICOC'S ACQUISITION OF DEVELOP INDY'S ACTIVITIES. SUBSEQUENT TO GICOC'S ACQUISITION OF DEVELOP INDY'S ACTIVITIES, COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL WAS ESTABLISHED AND PAID BY AN UNRELATED ORGANIZATION FOR SERVICES PROVIDED TO GICOC. GICOC'S COMPENSATION COMMITTEE APPROVES THE AMOUNT OF COMPENSATION TO BE PAID BY THE UNRELATED ORGANIZATION TO ITS TOP MANAGEMENT OFFICIAL. FORM 990, PART VI, LINE 15B FORM 990, PART VI, LINE 15B COMPENSATION FOR THE ORGANIZATION'S OTHER OFFICERS IS PAID BY THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE (GICOC), A RELATED ORGANIZATION; THEREFORE, THIS QUESTION HAS BEEN ANSWERED "NO" IN ACCORDANCE WITH THE IRS INSTRUCTIONS. HISTORICALLY, COMPENSATION PAID BY GICOC TO OTHER OFFICERS AND KEY EMPLOYEES WAS REVIEWED AND APPROVED BY THE PRESIDENT. COMPARABLE COMPENSATION DATA WAS UTILIZED IN MAKING THE FINAL DETERMINATION REGARDING COMPENSATION, AND THE PRESIDENT'S DECISIONS WERE DOCUMENTED. THIS REVIEW PROCESS WAS IN PLACE THROUGH THE DATE OF GICOC'S ACQUISITION OF DEVELOP INDY'S ACTIVITIES. SUBSEQUENT TO GICOC'S ACQUISITION OF DEVELOP INDY'S ACTIVITIES, COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES WAS ESTABLISHED AND PAID BY AN UNRELATED ORGANIZATION FOR SERVICES PROVIDED TO GICOC. GICOC'S PRESIDENT APPROVES THE AMOUNT OF COMPENSATION TO BE PAID BY THE UNRELATED ORGANIZATION TO ITS OTHER OFFICERS AND KEY EMPLOYEES. Governing documents, conflict of interest policy and financial statements available to the public 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. GREATER INDIANAPOLIS CHAMBER OF COMMERCE 111 MONUMENT CIRCLE SUITE 1950 INDIANAPOLIS IN 46204 MEMBER SERVICES IN 501(C)(6) N/A NA false false true false false false false false false false false false false true true true false true false false