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← THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE FOUNDATION INC

Form 990 for tax year 2023

Filed by THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE FOUNDATION INC.

Totals

Total revenue
$1,637,569
Total expenses
$1,622,467
Contributions and grants received
$1,614,202
Grants paid
$1,188,001
Program service revenue
$0
Investment income
$23,367
Other revenue
$0
Total assets, end of year
$671,125
Total liabilities, end of year
$553,002
Net assets or fund balances, end of year
$118,123
Program services expenses (Part IX)
$1,622,467
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,622,467

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

    $1,614,202

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $27,702 · excluded $27,702

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $663,225

  • 7b · Less cost or other basis and sales expenses

    securities $667,560

  • 7c · Gain or loss

    securities -$4,335 · other assets $0

  • 7d · Net gain or loss

    total -$4,335 · excluded -$4,335

  • 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.

  • 1 · Grants to domestic organizations and governments

    total $1,188,001 · program services $1,188,001

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: PROJECT AMPLIFY

    total $434,466 · program services $434,466

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $813,679 · end of year $668,625

  • 4 · Accounts receivable

    beginning of year $2,500 · end of year $2,500

  • 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

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $665,041

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $121,085 · end of year $80,717

  • 19 · Deferred revenue

    beginning of year $896,616 · end of year $432,272

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $360,498 · end of year $40,013

  • 27 · Net assets without donor restrictions

    end of year $7,625

  • 28 · Net assets with donor restrictions

    beginning of year $103,021 · end of year $110,498

Mission and programs · 2023

Mission

THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE FOUNDATION'S MISSION IS TO ENCOURAGE, AID OR PROMOTE EDUCATIONAL OR CHARITABLE ORGANIZATIONS' ENDEAVORS OR ECONOMIC DEVELOPMENT ACTIVITIES AND TO OPERATE FOR THE BENEFIT OF THE CHARITABLE, EDUCATIONAL AND ECONOMIC DEVELOPMENT PURPOSES OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE.

Activities or mission (Part I)

TO ENCOURAGE, AID OR PROMOTE EDUCATIONAL OR CHARITABLE ORGANIZATIONS' ENDEAVORS OR ACTIVITIES AND TO OPERATE FOR THE BENEFIT OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE.

  • Educational and Charitable Activities: The Chamber Foundation provides grant funding for the charitable and educational components of the Chamber's mission to improve the viability of the economy and to attract and retain businesses in the Greater Indianapolis area for the benefit of the residents of the area.

    Expenses $1,622,467 · Grants $1,188,001

As filed on the 2023 return.

Listed in Part VII

  • Dennis M Murphy

    BOARD MEMBER, BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GINA GIACONE

    BOARD MEMBER, BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LISA Schlehuber

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CONNIE BOND STUART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMES Callaghan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN T Neighbours

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN THOMPSON

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KRISTIN Mays-Corbitt

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL E Bosway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROB HILLMAN

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEVEN F Walker

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • William D Zink

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MOIRA CARLSTEDT

    PRESIDENT

    Total calculated
    $345,789
    From this org
    $0
    From related orgs
    $345,686
    Other
    $103
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $345,000 related
    Bonus
    $0
    Other
    $0 + $686 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $103 related
    Filer's total
    $0 + $345,789 related

  • VANDANA KAPUR

    VICE PRESIDENT AND TREASURER (UNTIL 8/25/2023)

    Total calculated
    $275,575
    From this org
    $0
    From related orgs
    $231,315
    Other
    $44,260
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $203,443 related
    Bonus
    $0 + $27,452 related
    Other
    $0 + $420 related
    Deferred
    $0 + $15,000 related
    Nontaxable benefits
    $0 + $29,260 related
    Filer's total
    $0 + $275,575 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE FOUNDATION SHARES MANAGEMENT WITH THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE (GICC). GICC USES THE FOLLOWING TO DETERMINE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL: COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

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.

  • INDY CHAMBER LLC

    C Corporation · INSURANCE · IN · 0% owned

    Directly controlled by GREATER INDIANAPOLIS CHAMBER OF COMMERCE

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349318118

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