Skip to content
Nonprofiteer
← GREATER INDIANAPOLIS FOREIGN TRADE ZONE INC

Form 990 for tax year 2024

Filed by GREATER INDIANAPOLIS FOREIGN TRADE ZONE INC.

Totals

Total revenue
$1,048,884
Total expenses
$703,292
Contributions and grants received
$0
Grants paid
$29,009
Program service revenue
$934,450
Investment income
$114,434
Other revenue
$0
Total assets, end of year
$2,856,212
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,856,212
Program services expenses (Part IX)
$262,305
Management and general expenses
$440,987
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 37.3% 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.

  • 2a · Program service revenue: ASF MONTHLY FEE INCOME

    total $736,450 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: SUBZONE MONTHLY FEE INCOME

    total $198,000 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $114,434 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $29,009 · program services $29,009

  • 11a · Fees: management

    total $274,148 · program services $0 · management and general $274,148 · fundraising $0

  • 11b · Fees: legal

    total $14,040 · program services $0 · management and general $14,040 · fundraising $0

  • 11c · Fees: accounting

    total $325 · program services $0 · management and general $325 · fundraising $0

  • 11g · Fees: other

    total $10,561 · program services $0 · management and general $10,561 · fundraising $0

  • 12 · Advertising and promotion

    total $262,896 · program services $233,296 · management and general $29,600 · fundraising $0

  • 13 · Office expenses

    total $502 · program services $0 · management and general $502 · fundraising $0

  • 14 · Information technology

    total $2,224 · program services $0 · management and general $2,224 · fundraising $0

  • 16 · Occupancy

    total $11,424 · program services $0 · management and general $11,424 · fundraising $0

  • 17 · Travel

    total $2,335 · program services $0 · management and general $2,335 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $2,062 · program services $0 · management and general $2,062 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $6,100 · program services $0 · management and general $6,100 · fundraising $0

  • 23 · Insurance

    total $8,142 · program services $0 · management and general $8,142 · fundraising $0

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $51,594 · program services $0 · management and general $51,594 · fundraising $0

  • 24b · Other expenses: REPAIRS

    total $8,684 · program services $0 · management and general $8,684 · fundraising $0

  • 24c · Other expenses: TRAINING

    total $6,995 · program services $0 · management and general $6,995 · fundraising $0

  • 24d · Other expenses: EQUIPMENT AND SUPPLIES

    total $4,886 · program services $0 · management and general $4,886 · fundraising $0

  • 24e · All other expenses

    total $7,365 · program services $0 · management and general $7,365 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,395,325 · end of year $2,649,567

  • 4 · Accounts receivable

    beginning of year $88,960 · end of year $131,601

  • 7 · Other notes and loans receivable

    end of year $13,556

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,900 · end of year $35,600

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

    $184,713

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

    $158,825

  • 10c · Land, buildings and equipment, net

    beginning of year $15,272 · end of year $25,888

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,837

  • 29 · Capital stock, trust principal or current funds

    beginning of year $95,000 · end of year $95,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,415,620 · end of year $2,761,212

Mission and programs · 2024

Mission

OPERATION OF A FOREIGN TRADE ZONE FOR CENTRAL INDIANA.

  • THIRD PARTY LOGISTICS FOR BUSINESSES TO STORE OVERSEAS PRODUCTS IN LIEU OF PAYING UPFRONT UNITED STATES CUSTOM DUTIES.

  • ECONOMIC DEVELOPMENT TOOL FOR CENTRAL INDIANA FOR PROMOTING OVERSEAS BUSINESSES TO COME TO INDIANA.

  • PROVIDES INDIVIDUAL FOREIGN TRADE ZONES AT INDIVIDUAL COMPANY SITES.

As filed on the 2024 return.

Listed in Part VII

  • Jeffrey Gaither

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Eric Anderson

    OPERATING DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kent Ebbing

    SECRETARY

    Total calculated
    $0
    Hours/week
    40

  • Elias Maqueda

    TREASURER

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
30 April 2025
IRS schema version
2024v5.1
Source object
202531209349301528

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.