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← NORTHEAST INDIANA FOUNDATION INC

Form 990 for tax year 2024

Filed by NORTHEAST INDIANA FOUNDATION INC.

Totals

Total revenue
$2,173,719
Total expenses
$1,824,676
Contributions and grants received
$453,849
Grants paid
$121,349
Program service revenue
$1,699,963
Investment income
$19,907
Other revenue
$0
Total assets, end of year
$1,079,014
Total liabilities, end of year
$313,018
Net assets or fund balances, end of year
$765,996
Program services expenses (Part IX)
$1,824,676
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,824,676

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1f · All other contributions, gifts and grants

    $453,849

  • 2f · All other program service revenue

    total $1,699,963 · related or exempt $1,699,963

  • 3 · Investment income

    total $19,907 · excluded $19,907

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $121,349 · program services $121,349

  • 7 · Other salaries and wages

    total $1,481,588 · program services $1,481,588

  • 9 · Other employee benefits

    total $107,329 · program services $107,329

  • 10 · Payroll taxes

    total $105,421 · program services $105,421

  • 11b · Fees: legal

    total $3,956 · program services $3,956

  • 11g · Fees: other

    total $5,000 · program services $5,000

  • 24e · All other expenses

    total $33 · program services $33

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $223,844 · end of year $397,846

  • 2 · Savings and temporary cash investments

    beginning of year $256,930 · end of year $269,961

  • 3 · Pledges and grants receivable

    beginning of year $30,000 · end of year $134,322

  • 4 · Accounts receivable

    beginning of year $189,534 · end of year $276,885

  • 17 · Accounts payable and accrued expenses

    beginning of year $283,355 · end of year $303,768

  • 25 · Other liabilities

    beginning of year $0 · end of year $9,250

  • 27 · Net assets without donor restrictions

    beginning of year $386,953 · end of year $668,496

  • 28 · Net assets with donor restrictions

    beginning of year $30,000 · end of year $97,500

Mission and programs · 2024

Mission

THE NORTHEAST INDIANA FOUNDATION'S MISSION IS SUPPORT THE PARTNERSHIP THROUGH SUSTAINED LEADERSHIP, COLLABORATION, TRANSFORMATIVE INITIATIVES AND THE ALIGNMENT OF RESOURCES TOWARD SHARED REGIONAL GOALS.

Activities or mission (Part I)

OUR MISSION IS TO SUPPORT THE NORTHEAST INDIANA REGIONAL PARTNERSHIP THROUGH SUSTAINED LEADERSHIP, COLLABORATION, TRANSFORMATIVE INITIATIVES AND THE ALIGNMENT OF RESOURCES TOWARD SHARED REGIONAL GOALS.

  • IN 2024, NORTHEAST INDIANA REGIONAL PARTNERSHIP'S ACTIVITIES ASSISTED IN LOCATING 2 NEW BUSINESS ENTITIES IN THE REGION; THE SOURCING OF 60 NEW PROJECTS; THE ISSUANCE OF 41 PROJECTS TO OUR NETWORK LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS; ENGAGING WITH 306 SITE SELECTORS AND NATIONAL BROKERS WHICH GENERATED 285 NEW LEADS BOTH DOMESTICALLY AND INTERNATIONALLY; 118 PROJECTS IN THE ACTIVE PROJECT PIPELINE INTO 2025; CONDUCTED 8 TARGETED LEAD GENERATION CAMPAIGNS; ENGAGED WITH 1,349 SITE SELECTORS AND NATIONAL BROKERS; ORCHESTRATED 4 SITE CONSULTANT ROADSHOWS; HOSTED 2 SITE CONSULTANT FAMILIARIZATION TOURS, THE "INDIANA ON TOP" FALL FAMILIARIZATION TOUR WITH 4 CONSULTANTS AND A SPRING FAM TOUR WITH A SITE CONSULTANT THAT RESULTED IN RECIPROCAL PODCASTS TARGETING ECONOMIC DEVELOPERS; EXECUTED 30 SALES MISSIONS INCLUDING OUTREACH EFFORTS TO CANADA, THE UNITED KINGDOM, GERMANY AND JAPAN.

    Expenses $1,824,676 · Grants $121,349 · Revenue $1,699,963

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Millett

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • David Findlay

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kimberly Shoppell

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Tom Niezer

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Stephane Frijia

    PRESIDENT & CEO

    Total calculated
    $334,330
    From this org
    $317,644
    From related orgs
    $0
    Other
    $16,686
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $259,569
    Bonus
    $58,075
    Other
    $0
    Deferred
    $5,712
    Nontaxable benefits
    $10,974
    Filer's total
    $334,330
  • Don Cates

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Ryan Twiss

    VP OF TALENT INITIATIVES

    Total calculated
    $163,099
    From this org
    $146,394
    From related orgs
    $0
    Other
    $16,705
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $135,276
    Bonus
    $11,118
    Other
    $0
    Deferred
    $3,440
    Nontaxable benefits
    $13,265
    Filer's total
    $163,099
  • Jonathan Sacket

    VP OF MARKETING

    Total calculated
    $164,086
    From this org
    $154,753
    From related orgs
    $0
    Other
    $9,333
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $143,159
    Bonus
    $11,594
    Other
    $0
    Deferred
    $3,633
    Nontaxable benefits
    $5,700
    Filer's total
    $164,086
  • Venessa Hurtig

    VP OF ADMINISTRATION

    Total calculated
    $55,629
    From this org
    $54,454
    From related orgs
    $0
    Other
    $1,175
    Hours/week
    40 + 1 related
  • Dan Bish

    VP OF BUSINESS ATTRACTION

    Total calculated
    $72,594
    From this org
    $69,423
    From related orgs
    $0
    Other
    $3,171
    Hours/week
    40 + 1 related
  • Brandon Noll

    VP OF BUSINESS DEVELOPMENT

    Total calculated
    $19,593
    From this org
    $18,643
    From related orgs
    $0
    Other
    $950
    Hours/week
    40 + 1 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
25 July 2025
IRS schema version
2024v5.2
Source object
202542189349300529

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