2012-07-30T16:00:03-05:00 2011-12-31 CROWE HORWATH LLP 3815 River Crossing Parkway Suite 300 Indianapolis IN 462400977 990 2011-01-01 356017715 INDIANAPOLIS CHAMBER OF COMMERCE FOUNDATION INDI 3174642200 111 Monument Circle Indianapolis IN 46204 STEVEN F WALKER 2012-07-26 true P00756195 3175698989 2011 2016-02-24 21:20:13Z GREATER INDIANAPOLIS CHAMBER OF COMMERCE FOUNDATION STEVEN F WALKER 111 Monument Circle Suite 1950 Indianapolis IN 46204 491472 false X NONE X 1955 IN TO ENCOURAGE, AID OR PROMOTE EDUCATIONAL OR CHARITABLE ORGANIZATIONS' ENDEAVORS OR ACTIVITIES AND TO OPERATE FOR THE BENEFIT OF THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE (GICOC). 5 3 0 8 0 0 0 491268 658792 0 279 204 0 0 659071 491472 621365 75000 0 0 0 0 24720 0 0 172114 4031 818199 79031 -159128 412441 398083 316147 762667 268290 -364584 47857 TO ENCOURAGE, AID OR PROMOTE EDUCATIONAL OR CHARITABLE ORGANIZATIONS' ENDEAVORS OR ACTIVITIES AND TO OPERATE FOR THE BENEFIT OF THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE (GICOC). false false 55338 55000 0 THE FOUNDATION SUPPORTS THE CHARITABLE ORGANIZATIONS TO THE BETTERMENT OF THE INDIANAPOLIS AREA. THIS SUPPORTS THE MISSION OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE. 20000 20000 0 THE FOUNDATION SUPPORTS THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE'S EDUCATION AND CHARITABLE ACTIVITIES. 3693 0 0 THE FOUNDATION SUPPORTS COMMON GOAL, THE CHARITABLE PROJECT OF INCREASING THE GRADUATION RATES OF ALL MARION COUNTY PUBLIC SCHOOLS. 79031 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 false X 5 3 false false false false false false false true true 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 X DAVID N GRIFFITHS 1.00 X X 0 35456 0 JOHN T THOMPSON 1.00 X X 0 0 0 ROLAND DORSON 5.00 X X 0 226958 37074 SCOTT MILLER 1.00 X X 0 17523 0 STEVEN F WALKER 1.00 X X 0 0 0 TAMMIE BARNEY 1.00 X X 0 136087 11777 WILLIAM NEALE 1.00 X X 0 0 0 VANDANA KAPUR 1.00 X 0 125297 30710 0 541321 79561 0 false true false 0 144526 346742 491268 0 0 0 0 0 204 204 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 491472 0 0 204 75000 75000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1836 1836 0 1053 1053 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS EXPENSES 1142 1142 0 0 0 0 79031 79031 0 0 0 250833 246147 147250 70000 0 0 0 0 0 0 398083 316147 0 27500 762667 240790 0 762667 268290 X -526450 -36759 161866 84616 -364584 47857 398083 316147 412441 0 X false true true X false X X false false false GREATER INDIANAPOLIS CHAMBER OF COMMERCE 350412920 501(c)(6) true true true 75000 1 75000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 491472 79031 412441 0 0 412441 491472 0 0 491472 0 0 491472 79031 0 0 79031 0 0 79031 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 FROM THOSE 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 2011 AND 2010, THE CHAMBER RECORDED INCOME TAX EXPENSE OF $47,636 AND $127,607. 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 2008. 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, 2011 AND 2010. true GREATER INDIANAPOLIS CHAMBER OF COMMERCE 111 MONUMENT CIRCLE STE 1950 INDIANAPOLIS IN 46204 350412920 501(C)(6) 75000 0 N/A N/A PROGRAM SUPPORT 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. false false false false false false false ROLAND DORSON 0 207458 0 19500 0 0 0 17041 0 20033 0 264032 0 0 VANDANA KAPUR 0 125297 0 0 0 0 0 0 0 30710 0 156007 0 0 COMPENSATION OF TOP MANAGEMENT OFFICIAL 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. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE 990 IS REVIEWED IN DETAIL BY MANAGEMENT. IN ADDITION, THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE (GICOC) FINANCE COMMITTEE APPROVES THE TAX RETURN AND A FULL COPY OF THE 990 IS PROVIDED TO THE FOUNDATION BOARD OF DIRECTORS PRIOR TO FILING. Conflict of interest policy Form 990, Part VI, Section B, Line 12c THE GICOC'S CONFLICT OF INTEREST POLICY COVERS ALL FOUNDATION OFFICERS AND DIRECTORS. ANNUAL QUESTIONAIRES ARE COMPLETED BY EACH INTERESTED PERSON AND ARE REVIEWED BY THE VICE PRESIDENT OF GICOC FINANCE. THE FOUNDATION PRESIDENT IS THEN MADE AWARE OF ANY CONFLICTS THAT EXISTS. THE DIRECTOR WILL BE ASKED TO EXCUSE THEMSELVES FROM ANY DISCUSSIONS AND DECISIONS THAT INVOLVE THE CONFLICT. FORM 990, PART VI, LINE 15A FORM 990, PART VI, LINE 15A COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS PAID BY GREATER INDIANAPOLIS CHAMBER OF COMMERCE, A RELATED ORGANIZATION. THEREFORE THIS QUESTION IS NOT APPLICABLE AND HAS BEEN INTENTIONALLY MARKED "NO" ON THE FORM 990. FORM 990, PART VI, LINE 15B FORM 990, PART VI, LINE 15B COMPENSATION FOR THE ORGANIZATION'S OTHER OFFICERS OR KEY EMPLOYEES ARE PAID BY GREATER INDIANAPOLIS CHAMBER OF COMMERCE, A RELATED ORGANIZATION. THEREFORE THIS QUESTION IS NOT APPLICABLE AND HAS BEEN INTENTIONALLY MARKED "NO" ON THE FORM 990. 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. Average hours worked per week for related organization Form 990, Part VII, Section A, Column B ROLAND DORSON - DEVOTED APPROXIMATELY 49 HOURS PER WEEK TO THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE, A RELATED ORGANIZATION. DAVID N. GRIFFITHS - DEVOTED APPROXIMATELY 40 HOURS A WEEK TO THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE, A RELATED ORGANIZATION VANDANA KAPUR - DEVOTED APPROXIMATELY 40 HOURS PER WEEK TO GREATER INDIANAPOLIS CHAMBER OF COMMERCE, A RELATED ORGANIZATION. SCOTT MILLER - DEVOTES APPROXIMATELY 40 HOURS A WEEK TO THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE, A RELATED ORGANIZATION. GREATER INDIANAPOLIS CHAMBER OF COMMERCE 111 MONUMENT CIRCLE SUITE 1950 INDIANAPOLIS IN 46204 350412920 MEMBER SERVICES IN 501(C)(6) N/A NA false false true true false false false false false false false true true true false false false false