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Nonprofiteer
← NORTHWEST INDIANA FORUM FOUNDATION

Form 990 for tax year 2023

Filed by NORTHWEST INDIANA FORUM FOUNDATION.

Totals

Total revenue
$7,066,731
Total expenses
$7,060,799
Contributions and grants received
$7,066,464
Grants paid
$7,018,840
Program service revenue
$0
Investment income
$267
Other revenue
$0
Total assets, end of year
$217,816
Total liabilities, end of year
$161,701
Net assets or fund balances, end of year
$56,115
Program services expenses (Part IX)
$7,060,799
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$7,060,799

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.

  • 1e · Government grants (contributions)

    $7,033,914

  • 1f · All other contributions, gifts and grants

    $32,550

  • 3 · Investment income

    total $267 · related or exempt $267

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,018,840 · program services $7,018,840

  • 11c · Fees: accounting

    total $10,780 · program services $10,780

  • 21 · Payments to affiliates

    total $29,350 · program services $29,350

  • 23 · Insurance

    total $1,727 · program services $1,727

  • 24a · Other expenses: BANK CHARGES

    total $102 · program services $102

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $53,667 · end of year $87,923

  • 4 · Accounts receivable

    beginning of year $366 · end of year $129,317

  • 9 · Prepaid expenses and deferred charges

    end of year $576

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

    $15,099

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

    $15,099

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    end of year $128,951

  • 19 · Deferred revenue

    beginning of year $3,850 · end of year $32,750

  • 27 · Net assets without donor restrictions

    beginning of year $36,318 · end of year $56,115

  • 28 · Net assets with donor restrictions

    beginning of year $13,865 · end of year $0

Mission and programs · 2023

Mission

WORKING TO MEET ENVIRONMENTAL AND EDUCATIONAL CONCERNS, PROMOTING ECONOMIC DEVELOPMENT GROWTH IN NORTHWEST INDIANA AND SECURE GRANTS TO ACCOMPLISH ENVIRONMENTAL AND EDUCATIONAL GOALS.

Activities or mission (Part I)

TO PROMOTE ECONOMIC DEVELOPMENT, THE IMPROVEMENT OF THE QUALITY OF LIFE IN HARMONY WITH THE ENVIRONMENT, AND A POSITIVE IMAGE FOR NORTHWEST INDIANA.

  • OUTREACH AND EDUCATIONAL EFFORTS ENCOURAGING BUSINESS DEVELOPMENT, JOB CREATION AND CAPITAL INVESTMENT IN THE 7-COUNTY AREA (LAKE, PORTER, LAPORTE, STARKE, JASPER, NEWTON AND PULASKI).

    Expenses $7,060,799 · Grants $7,018,840 · Revenue $32,817

As filed on the 2023 return.

Listed in Part VII

  • Bill Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brian Hittinger

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Dewey Pearman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Erica Dombey

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Helen Pennington

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • James Jorgensen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lisa Daugherty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tony Oss

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Greg Gordon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Natalie Skaro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Beth Jacobson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Heather Ennis

    PRESIDENT

    Total calculated
    $175,271
    From this org
    $156,090
    From related orgs
    $0
    Other
    $19,181
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,090
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $156,090

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 · 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

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION OF THE PRESIDENT AND TOP MANAGEMENT OFFICIAL IS DETERMINED BY THE BOARD OF DIRECTORS. THIS POLICY HAS NOT CHANGED SINCE OUR LAST REPORT.

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

  • INDIANA ECONOMIC DEVELOPMENT CORPORATION

    $7,018,840

    TO PROMOTE ECONOMIC DEVELOPMENT, THE IMPROVEMENT OF THE QUALITY OF LIFE IN HARMONY WITH THE ENVIRONMENT, AND A POSITIVE IMAGE FOR NORTHWEST INDIANA.

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
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349321450

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