Form 990 for tax year 2023
Filed by INDIANA CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $11,743,846
- Total expenses
- $12,731,477
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $11,466,595
- Investment income
- $277,251
- Other revenue
- $0
- Total assets, end of year
- $11,773,811
- Total liabilities, end of year
- $9,011,095
- Net assets or fund balances, end of year
- $2,762,716
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $0
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: MEETING & SEMINAR
total $3,454,032 · related or exempt $3,454,032
-
2b · Program service revenue: PUB/ROYALTIES
total $351,657 · related or exempt $339,462 · unrelated business $12,195
-
2c · Program service revenue: WORK AND LEARN
total $516,391 · related or exempt $516,391
-
2d · Program service revenue: MEMBERSHIP DUES
total $5,299,540 · related or exempt $5,299,540
-
2e · Program service revenue: PROJECT INCOME
total $1,796,225 · related or exempt $1,796,225
-
2f · All other program service revenue
total $48,750 · related or exempt $48,750 · unrelated business $0 · excluded $0
-
3 · Investment income
total $106,212 · excluded $106,212
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $2,643,673
-
7b · Less cost or other basis and sales expenses
securities $2,472,634
-
7c · Gain or loss
securities $171,039 · other assets $0
-
7d · Net gain or loss
total $171,039 · excluded $171,039
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,394,105
-
7 · Other salaries and wages
total $5,183,526
-
8 · Pension plan contributions
total $482,356
-
9 · Other employee benefits
total $646,758
-
10 · Payroll taxes
total $438,453
-
11c · Fees: accounting
total $220,017
-
11d · Fees: lobbying
total $7,089
-
11g · Fees: other
total $552,371
-
12 · Advertising and promotion
total $62,925
-
13 · Office expenses
total $191,478
-
14 · Information technology
total $171,853
-
16 · Occupancy
total $706,704
-
17 · Travel
total $194,143
-
19 · Conferences, conventions and meetings
total $1,973,298
-
22 · Depreciation, depletion and amortization
total $375,024
-
23 · Insurance
total $42,699
-
24a · Other expenses: MISCELLANEOUS EXPENSE
total $88,678
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $210 · end of year $210
-
2 · Savings and temporary cash investments
beginning of year $939,926 · end of year $490,289
-
4 · Accounts receivable
beginning of year $1,049,369 · end of year $1,027,375
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $741,328 · end of year $472,103
-
10a · Land, buildings and equipment: cost or other basis
$3,373,243
-
10b · Land, buildings and equipment: accumulated depreciation
$2,368,381
-
10c · Land, buildings and equipment, net
beginning of year $772,487 · end of year $1,004,862
-
11 · Investments: publicly traded securities
beginning of year $3,964,112 · end of year $3,345,212
-
12 · Investments: other securities
beginning of year $853,276 · end of year $853,276
-
13 · Investments: program-related
beginning of year $0
-
14 · Intangible assets
beginning of year $5,034,151 · end of year $4,580,484
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $820,026 · end of year $578,145
-
19 · Deferred revenue
beginning of year $1,011,513 · end of year $853,450
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $8,321,321 · end of year $7,579,500
-
27 · Net assets without donor restrictions
beginning of year $3,201,999 · end of year $2,762,716
Mission and programs · 2023
Mission
TO CULTIVATE A WORLD-CLASS ENVIRONMENT WHICH PROVIDES ECONOMIC OPPORTUNITY AND PROSPERITY FOR THE PEOPLE OF INDIANA AND THEIR ENTERPRISES. SEE SCHEDULE O.
Activities or mission (Part I)
PARTNER WITH 16,000 MEMBERS & INVESTORS, 3 MILLION HOOSIERS, TO ACHIEVE THE MISSION OF CULTIVATING A WORLD-CLASS ENVIRONMENT WHICH PROVIDES ECONOMIC OPPORTUNITY AND PROSPERITY.
-
SIX FULL-TIME LOBBYISTS WITH EXPERTISE IN A VARIETY OF SUBJECT AREA WORK WITH LEGISLATIVE AND REGULATORY OFFICIALS AT THE STATE AND FEDERAL LEVELS TO HELP PRODUCE THE BEST BUSINESS CLIMATE FOR INDIANA COMPANIES AND THEIR EMPLOYEES. THEY WORK TO SERVE THE NEED OF MEMBER COMPANIES AND THE BROADER BUSINESS COMMUNITY.
-
THE INDIANA CHAMBER IS A LEADING PROVIDER OF EMPLOYEE TRAINING CONFERENCES FOR MEMBERS (WHO RECEIVE SIGNIFICANT DISCOUNTS) AND OTHERS IN THE BUSINESS COMMUNITY. KEY TOPICS INCLUDE HUMAN RESOURCES, SAFETY AND HEALTH, WELLNESS, TAX AND OTHER ISSUES. APPROXIMATELY 40 PROGRAMS SERVED MORE THAN 7,200 INDIVIDUALS IN 2024.
-
MEMBERS OF THE INDIANA CHAMBER COME FROM ALL 92 COUNTIES IN THE STATE, A WIDE VARIETY OF INDUSTRIES, AND REPRESENTS BUSINESSES OF ALL SIZES. MEMBERS RECEIVE FREE ACCESS TO A NUMBER OF BENEFITS INCLUDING HELPLINE ASSISTANCE AND CUSTOMIZED BUSINESS RESEARCH, AS WELL AS DISCOUNTS ON OTHER PROGRAMS AND SERVICES.
As filed on the 2023 return.
Listed in Part VII
-
Devin AndersonDEVIN ANDERSON
DIRECTOR, CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Melissa ProffittMELISSA PROFFITT
DIRECTOR, VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Phil BounsallPHIL BOUNSALL
DIRECTOR, TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Anne HathawayANNE HATHAWAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Beth KeyserBETH KEYSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill BarrettBILL BARRETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bill SoardsBILL SOARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Brandt BurdickBRANDT BURDICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chuck BaldwinCHUCK BALDWIN
DIRECTOR (START 11/1/23)
- Total calculated
- $0
- Hours/week
- 1
-
Dennis MurphyDENNIS MURPHY
DIRECTOR (START 11/1/23)
- Total calculated
- $0
- Hours/week
- 1
-
Gretchen GutmanGRETCHEN GUTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jefferson ShreveJEFFERSON SHREVE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mario RodriguezMARIO RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark MilesMARK MILES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul PerkinsPAUL PERKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rachel OstingRACHEL OSTING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott BrandSCOTT BRAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott McCorkleSCOTT MCCORKLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stan PinegarSTAN PINEGAR
DIRECTOR (START 11/1/23)
- Total calculated
- $0
- Hours/week
- 1
-
Darla BarnettDARLA BARNETT
VP FINANCE AND CFO
- Total calculated
- $229,485
- From this org
- $194,187
- From related orgs
- $0
- Other
- $35,298
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $157,915
- Bonus
- $34,000
- Other
- $2,272
- Deferred
- $15,674
- Nontaxable benefits
- $19,624
- Filer's total
- $229,485
-
Kevin BrinegarKEVIN BRINEGAR
PRESIDENT AND CEO (END 1/5/24)
- Total calculated
- $593,703
- From this org
- $534,784
- From related orgs
- $0
- Other
- $58,919
- Hours/week
- 45 + 5 related
Schedule J breakdown matched by us
- Base
- $424,596
- Bonus
- $98,000
- Other
- $12,188
- Deferred
- $26,500
- Nontaxable benefits
- $32,419
- Filer's total
- $593,703
-
Vanessa SindersVANESSA SINDERS
PRESIDENT AND CEO (START 1/5/24)
- Total calculated
- $0
- Hours/week
- 45 + 5 related
-
Jennifer ElkinJENNIFER ELKIN
SR VP MARKETING (END 5/10/24)
- Total calculated
- $350,568
- From this org
- $296,758
- From related orgs
- $0
- Other
- $53,810
- Hours/week
- 40 + 10 related
Schedule J breakdown matched by us
- Base
- $254,758
- Bonus
- $40,000
- Other
- $2,000
- Deferred
- $24,171
- Nontaxable benefits
- $29,639
- Filer's total
- $350,568
-
Rebecca PatrickREBECCA PATRICK
SR VP COMMUNICATIONS
- Total calculated
- $220,349
- From this org
- $187,343
- From related orgs
- $0
- Other
- $33,006
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $154,823
- Bonus
- $32,000
- Other
- $520
- Deferred
- $16,158
- Nontaxable benefits
- $16,848
- Filer's total
- $220,349
-
Brock HeslerBROCK HESLER
VP MEMBERSHIP & FDN RELATIONS (END 5/10/24)
- Total calculated
- $322,788
- From this org
- $222,696
- From related orgs
- $35,000
- Other
- $65,092
- Hours/week
- 45 + 5 related
Schedule J breakdown matched by us
- Base
- $84,903 + $25,000 related
- Bonus
- $137,076 + $10,000 related
- Other
- $717
- Deferred
- $23,349
- Nontaxable benefits
- $41,743
- Filer's total
- $287,788 + $35,000 related
-
David OberDAVID OBER
VP TAXATION & PUBLIC FINANCE
- Total calculated
- $192,642
- From this org
- $159,879
- From related orgs
- $0
- Other
- $32,763
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $149,613
- Bonus
- $10,000
- Other
- $266
- Deferred
- $15,044
- Nontaxable benefits
- $17,719
- Filer's total
- $192,642
-
Greg EllisGREG ELLIS
VP ENVIRONMENTAL & ENERGY
- Total calculated
- $211,840
- From this org
- $152,756
- From related orgs
- $0
- Other
- $59,084
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $141,473
- Bonus
- $10,000
- Other
- $1,283
- Deferred
- $15,183
- Nontaxable benefits
- $43,901
- Filer's total
- $211,840
-
Jason BearceJASON BEARCE
VP EDUCATION & WORKFORCE DEV
- Total calculated
- $203,938
- From this org
- $168,087
- From related orgs
- $17,500
- Other
- $18,351
- Hours/week
- 40 + 10 related
Schedule J breakdown matched by us
- Base
- $157,727 + $10,000 related
- Bonus
- $10,000 + $7,500 related
- Other
- $360
- Deferred
- $14,988
- Nontaxable benefits
- $3,363
- Filer's total
- $186,438 + $17,500 related
-
Jeff BrantleyJEFF BRANTLEY
SR VP POLITICAL AFFAIRS & FDN
- Total calculated
- $313,638
- From this org
- $225,928
- From related orgs
- $45,000
- Other
- $42,710
- Hours/week
- 40 + 10 related
Schedule J breakdown matched by us
- Base
- $206,971 + $30,000 related
- Bonus
- $17,000 + $15,000 related
- Other
- $1,957
- Deferred
- $13,294
- Nontaxable benefits
- $29,416
- Filer's total
- $268,638 + $45,000 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Travel for companions
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a SOCIAL CLUB DUES AND SPOUSAL TRAVEL
- INDIANA CHAMBER OF COMMERCE PAYS SOCIAL CLUB DUES FOR KEVIN BRINEGAR. THESE SOCIAL CLUB DUES ARE USED FOR BUSINESS PURPOSES AND ANY PERSONAL USE IS INCLUDED IN HIS W-2. AS PRESIDENT, KEVIN BRINEGAR'S SPOUSE TRAVEL IS ALLOWED ONLY FOR THE COUNCIL OF STATE CHAMBER MEETINGS HELD SEMI-ANNUALLY. THIS IS INCLUDED AS A TAXABLE BENEFIT IN HIS W-2.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
INDIANA CHAMBER OF COMMERCE FOUNDATION
501(c)(3) · RESEARCH · IN · controlled entity
Directly controlled by ICC
-
INDIANA BUSINESS FOR RESPONSIVE GOVT
527 · STATE PAC · IN · controlled entity
Directly controlled by ICC
-
INDIANA CHAMBER CONGRESSIONAL ACTION COM
527 · FEDERAL PAC · IN · controlled entity
Directly controlled by ICC
-
501(c)(3) · WELLNESS ED · IN · controlled entity
Directly controlled by ICC
-
INSTITUTE FOR WORKFORCE EXCELLENCE
501(c)(3) · WORKFORCE · IN · controlled entity
Directly controlled by ICC
-
CHAMBER BENEFIT ARRANGEMENT OF IN TRUST
501(c)(9) · INSURANCE · IN · controlled entity
Directly controlled by ICC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
INDIANA CHAMBER SERVICES INC
C Corporation · MARKETING · IN · 100% owned · share of income $473,631 · share of assets $339,719 · controlled entity
Directly controlled by ICC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530519349301438
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