Form 990 for tax year 2023
Filed by NORTHEAST INDIANA FOUNDATION INC.
Totals
- Total revenue
- $454,815
- Total expenses
- $313,335
- Contributions and grants received
- $274,585
- Grants paid
- $142,085
- Program service revenue
- $170,857
- Investment income
- $9,373
- Other revenue
- $0
- Total assets, end of year
- $700,308
- Total liabilities, end of year
- $283,355
- Net assets or fund balances, end of year
- $416,953
- Program services expenses (Part IX)
- $313,335
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $313,335
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
$274,585
-
2f · All other program service revenue
total $170,857 · related or exempt $170,857
-
3 · Investment income
total $9,373 · excluded $9,373
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $142,085 · program services $142,085
-
7 · Other salaries and wages
total $168,653 · program services $168,653
-
9 · Other employee benefits
total -$1,261 · program services -$1,261
-
10 · Payroll taxes
total $3,852 · program services $3,852
-
24e · All other expenses
total $6 · program services $6
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $467,473 · end of year $223,844
-
2 · Savings and temporary cash investments
end of year $256,930
-
3 · Pledges and grants receivable
beginning of year $45,000 · end of year $30,000
-
4 · Accounts receivable
end of year $189,534
-
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
-
17 · Accounts payable and accrued expenses
beginning of year $237,000 · end of year $283,355
-
27 · Net assets without donor restrictions
beginning of year $275,473 · end of year $386,953
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $30,000
Mission and programs · 2023
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.
-
THE ORGANIZATION SUPPORTED THE NORTHEAST INDIANA REGIONAL PARTNERSHIP'S ACTIVITIES. IN 2023, NORTHEAST INDIANA REGIONAL PARTNERSHIP'S ACTIVITIES ASSISTED 2 BUSINESSES ENTITIES EXPAND OR ESTABLISH A NEW BUSINESS OPERATION IN NORTHEAST INDIANA AND LOCATED 3 NEW BUSINESS ENTITIES IN THE REGION; THE SOURCING OF 75 NEW PROJECTS; THE ISSUANCE OF 41 PROJECTS TO OUR NETWORK LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS; ENGAGING WITH 10,500 NEW BUSINESS CONTACTS WHICH GENERATED 351 NEW LEADS, BOTH DOMESTICALLY AND INTERNATIONALLY; 80 PROJECTS IN THE ACTIVE PROJECT PIPELINE INTO 2024; CONDUCTED 14 TARGETED LEAD GENERATION CAMPAIGNS; ENGAGED WITH 1,349 SITE SELECTORS AND NATIONAL BROKERS; ORCHESTRATED 4 SITE CONSULTANT ROADSHOWS; HOSTED THE "IN THE NORTH" SITE CONSULTANT FAMILIARIZATION TOUR WITH 8 CONSULTANTS; EXECUTED 39 SALES MISSIONS; FACILITATED 94 DIRECT INTRODUCTIONS BETWEEN LEDOS, THE IEDC, SITE CONSULTANTS, AND POTENTIAL PROJECTS; CONTINUED SUPPORT OF THE REGIONAL DEVELOPMENT AUTHORITY WITH THE ADMINISTRATION OF THE READI FUNDING ALLOCATION FROM THE STATE.
Expenses $313,335 · Grants $142,085 · Revenue $170,857
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mark MillettMARK MILLETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
David FindlayDAVID FINDLAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sherilyn EmbertonSHERILYN EMBERTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kimberly ShoppellKIMBERLY SHOPPELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tom NiezerTOM NIEZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Stephane FrijiaSTEPHANE FRIJIA
PRESIDENT & CEO
- Total calculated
- $320,731
- From this org
- $0
- From related orgs
- $300,502
- Other
- $20,229
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $251,502 related
- Bonus
- $0 + $49,000 related
- Other
- $0
- Deferred
- $0 + $6,793 related
- Nontaxable benefits
- $0 + $13,436 related
- Filer's total
- $0 + $320,731 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
-
SUPPORT
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.
-
NORTHEAST INDIANA REGIONAL PARTNERSHIP INC
501(C)(6) · SUPPORT · IN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431519349301603
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