Form 990 for tax year 2022
Filed by REGIONAL OPPORTUNITY INITIATIVES INC.
Totals
- Total revenue
- $1,135,730
- Total expenses
- $8,027,902
- Contributions and grants received
- $940,041
- Grants paid
- $6,185,343
- Program service revenue
- $0
- Investment income
- $195,689
- Other revenue
- $0
- Total assets, end of year
- $7,266,785
- Total liabilities, end of year
- $5,212,025
- Net assets or fund balances, end of year
- $2,054,760
- Program services expenses (Part IX)
- $7,685,476
- Management and general expenses
- $300,075
- Fundraising expenses
- $42,351
- Program service expenses (Part III)
- $7,685,476
Program services were 95.7% 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.
-
1e · Government grants (contributions)
$763,836
-
1f · All other contributions, gifts and grants
$176,205
-
3 · Investment income
total $193,104 · excluded $193,104
-
7a · Gross sales of assets other than inventory
securities $5,566,843
-
7b · Less cost or other basis and sales expenses
securities $5,564,258
-
7c · Gain or loss
securities $2,585
-
7d · Net gain or loss
total $2,585 · excluded $2,585
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,185,343 · program services $6,185,343
-
7 · Other salaries and wages
total $687,356 · program services $439,908 · management and general $213,080 · fundraising $34,368
-
9 · Other employee benefits
total $48,419 · program services $30,989 · management and general $15,010 · fundraising $2,420
-
10 · Payroll taxes
total $45,392 · program services $29,051 · management and general $14,072 · fundraising $2,269
-
11f · Fees: investment management
total $7,662 · management and general $7,662
-
11g · Fees: other
total $664,703 · program services $631,468 · management and general $33,235
-
13 · Office expenses
total $21,525 · program services $15,245 · management and general $5,453 · fundraising $827
-
16 · Occupancy
total $31,577 · program services $19,578 · management and general $10,420 · fundraising $1,579
-
17 · Travel
total $17,761 · program services $16,873 · fundraising $888
-
19 · Conferences, conventions and meetings
total $46,746 · program services $46,746
-
22 · Depreciation, depletion and amortization
total $2,491 · program services $2,491
-
24a · Other expenses: PROGRAM EXPENSES
total $265,097 · program services $265,097
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $1,532 · program services $1,532
-
24c · Other expenses: MISCELLANEOUS
total $1,429 · program services $286 · management and general $1,143
-
24d · Other expenses: ADMIN FEES
total $869 · program services $869
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,729,112 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $1,642 · end of year $1,642
-
10a · Land, buildings and equipment: cost or other basis
$29,205
-
10b · Land, buildings and equipment: accumulated depreciation
$25,203
-
10c · Land, buildings and equipment, net
beginning of year $5,053 · end of year $4,002
-
11 · Investments: publicly traded securities
beginning of year $7,511,039 · end of year $7,261,141
-
17 · Accounts payable and accrued expenses
beginning of year $53,505 · end of year $53,505
-
18 · Grants payable
beginning of year $0 · end of year $4,672,111
-
21 · Escrow or custodial account liability
beginning of year $44,563 · end of year $309,220
-
25 · Other liabilities
beginning of year $0 · end of year $177,189
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $9,148,778 · end of year $2,054,760
Mission and programs · 2022
Mission
THE MISSION OF THE ORGANIZATION IS TO SUPPORT REGIONAL DEVELOPMENT OPPORTUNITIES IN THE 11 COUNTIES OF SOUTHWEST CENTRAL INDIANA.
-
THROUGH AN INITIAL GRANT THROUGH LILLY ENDOWMENT INC., THE ORGANIZATION IS IMPLEMENTING AN EDUCATION AND WORKFORCE PLAN AND REGIONAL OPPORTUNITY FUND FOR QUALITY-OF-PLACE INVESTMENTS. THEY ARE DEPLOYING A PLAN FOCUSED ON CONNECTING EDUCATION TO INDUSTRY AND CREATING A LOCAL WORKFORCE THAT IS PREPARED FOR THE DEMANDS OF EMPLOYERS. AS PART OF THIS EFFORT, ROI IS CONDUCTING A COMPREHENSIVE AND ONGOING OCCUPATIONAL NEEDS ASSESSMENT WITHIN THE REGION, INITIALLY FOCUSED ON LIFE SCIENCES, ADVANCED MANUFACTURING AND NATIONAL SECURITY AND DEFENSE SECTORS. THE RESULTS OF THE OCCUPATIONAL NEEDS ASSESSMENT HELPS INFORM A WIDE RANGE OF INITIATIVES AND STRATEGIES THAT ARE DEPLOYED ACROSS THE 11 COUNTY REGION.
Expenses $7,685,476 · Grants $6,185,343
As filed on the 2022 return.
Listed in Part VII
-
Bill KaiserBILL KAISER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brenda ReetzBRENDA REETZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bryant NiehoffBRYANT NIEHOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chuck JohnsonCHUCK JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David JohnsonDAVID JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Jeff QuyleJEFF QUYLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jenna DixJENNA DIX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer VaughanJENNIFER VAUGHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Jim AllenJIM ALLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mark DoddsMARK DODDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Moriah SowdersMORIAH SOWDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Pam LoughmillerPAM LOUGHMILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rob MorrisROB MORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Daniel PetersonDANIEL PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Doug KellamsDOUG KELLAMS
CHAIR & TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Matt WeinzapfelMATT WEINZAPFEL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Tina PetersonTINA PETERSON
DIRECTOR
- Total calculated
- $174,042
- From this org
- $0
- From related orgs
- $168,804
- Other
- $5,238
- Hours/week
- 10 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $168,804 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,238 related
- Filer's total
- $0 + $174,042 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
- 3 · Compensation committee
- 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
- 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
-
MONROE COUNTY COMMUNITY SCHOOL CORPORATION
$577,969
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
-
DEVX LLC
$420,000
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
-
BARR-REEVE COMMUNITY SCHOOLS
$400,000
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
-
CRAWFORD COUNTY COMMUNITY SCHOOL CORPORATION
$400,000
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
-
EAST WASHINGTON SCHOOL CORPORATION
$400,000
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
-
NORTHEAST DUBOIS COUNTY SCHOOL CORPORATION
$356,955
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
-
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
-
CITY OF BEDFORD
$333,294
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
-
INDIANA UNIVERSITY BLOOMINGTON
$205,000
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
-
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
COMMUNITY FOUNDATION OF BLOOMINGTON AND MONROE COUNTY INC
501 (C)(3) · COMMUNITY FOUNDATION · IN
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440819349300104
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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