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← INSTITUTE FOR WORKFORCE EXCELLENCE INC

Form 990 for tax year 2024

Filed by INSTITUTE FOR WORKFORCE EXCELLENCE INC.

Totals

Total revenue
$1,181,340
Total expenses
$1,171,218
Contributions and grants received
$1,121,456
Grants paid
$25,000
Program service revenue
$15,000
Investment income
$44,884
Other revenue
$0
Total assets, end of year
$1,345,268
Total liabilities, end of year
$92,069
Net assets or fund balances, end of year
$1,253,199
Program services expenses (Part IX)
$1,150,829
Management and general expenses
$20,389
Fundraising expenses
$0
Program service expenses (Part III)
$1,150,829

Program services were 98.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • LORI DANIELSON

    BOARD MEMBER, CHAIR

    Total calculated
    $0
    Hours/week
    1
  • VANESSA GREEN SINDERS

    BOARD MEMBER, VICE CHAIR

    Total calculated
    $456,656
    From this org
    $0
    From related orgs
    $410,296
    Other
    $46,360
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $373,901 related
    Bonus
    $0 + $36,000 related
    Other
    $0 + $395 related
    Deferred
    $0 + $5,100 related
    Nontaxable benefits
    $0 + $41,260 related
    Filer's total
    $0 + $456,656 related
  • KATIE JENNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • MATT RUST

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • TODD HURST

    BOARD MEMBER (START 12/13/24)

    Total calculated
    $196,508
    From this org
    $56,784
    From related orgs
    $132,496
    Other
    $7,228
    Hours/week
    13 + 37 related

    Schedule J breakdown matched by us

    Base
    $48,767 + $123,791 related
    Bonus
    $7,500 + $7,500 related
    Other
    $517 + $1,205 related
    Deferred
    $2,096 + $4,892 related
    Nontaxable benefits
    $72 + $168 related
    Filer's total
    $58,952 + $137,556 related
  • JASON BEARCE

    BOARD MEMBER (END 12/13/24)

    Total calculated
    $185,996
    From this org
    $10,000
    From related orgs
    $166,455
    Other
    $9,541
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $10,000 + $166,095 related
    Bonus
    $0
    Other
    $0 + $360 related
    Deferred
    $0 + $6,133 related
    Nontaxable benefits
    $0 + $3,408 related
    Filer's total
    $10,000 + $175,996 related
  • KEVIN BRINEGAR

    BOARD MEMBER, VICE CHAIR (END 1/5/24)

    Total calculated
    $246,535
    From this org
    $0
    From related orgs
    $241,548
    Other
    $4,987
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $8,704 related
    Bonus
    $0 + $158,000 related
    Other
    $0 + $74,844 related
    Deferred
    $0 + $4,000 related
    Nontaxable benefits
    $0 + $987 related
    Filer's total
    $0 + $246,535 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
COMPENSATION IS DETERMINED FOR THESE INDIVIDUALS BY THE RELATED ORGANIZATION, INDIANA CHAMBER OF COMMERCE, INC.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
20 February 2026
IRS schema version
2024v5.1
Source object
202620519349300917

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