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Nonprofiteer
← NORTHEAST INDIANA FOUNDATION INC

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 Millett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • David Findlay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Sherilyn Emberton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kimberly Shoppell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Tom Niezer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Stephane 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
23 May 2024
IRS schema version
2023v5.0
Source object
202431519349301603

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