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Nonprofiteer
← NORTHEAST INDIANA FOUNDATION INC

Form 990 for tax year 2022

Filed by NORTHEAST INDIANA FOUNDATION INC.

Totals

Total revenue
$297,344
Total expenses
$325,293
Contributions and grants received
$295,293
Grants paid
$325,293
Program service revenue
$0
Investment income
$876
Other revenue
$1,175
Total assets, end of year
$512,473
Total liabilities, end of year
$237,000
Net assets or fund balances, end of year
$275,473
Program services expenses (Part IX)
$325,293
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$325,293

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

    $295,293

  • 3 · Investment income

    total $876 · excluded $876

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,175 · related or exempt $1,175

  • 11e · Other revenue, total

    $1,175

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $325,293 · program services $325,293

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $505,111 · end of year $467,473

  • 3 · Pledges and grants receivable

    beginning of year $30,000 · end of year $45,000

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

    $124,169

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

    $124,169

  • 17 · Accounts payable and accrued expenses

    beginning of year $216,890 · end of year $237,000

  • 25 · Other liabilities

    beginning of year $14,799

  • 27 · Net assets without donor restrictions

    beginning of year $273,422 · end of year $275,473

  • 28 · Net assets with donor restrictions

    beginning of year $30,000

Mission and programs · 2022

Mission

THE NORTHEAST INDIANA FOUNDATION MISSION IS TO 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 INCLUDING: ASSISTED IN LOCATING 1 NEW COMPANY IN THE REGION, WITH 23.8 MILLION IN NEW INVESTMENT AND 200 JOBS; ISSUED 49 NEW PROJECTS; CONDUCTED 47 SALES MISSIONS SPANNING ROUGHLY 30 CITIES, INCLUDING RESTARTING FDI EFFORTS; CONDUCTED 130 INDIVIDUAL SALES MEETINGS AND PROACTIVELY PROSPECTED OVER 2,800 COMPANIES; HOSTED 2 FAMILIARIZATION (FAM) TOURS; ESTABLISHED A NEW RESEARCH AND ANALYTICS UNIT FITTED WITH NEW DATA TOOLS SERVICING A WIDE RANGE OF RESEARCH REQUESTS; CONTINUED TO SUPPORT THE REGIONAL DEVELOPMENT AUTHORITY WITH THE ADMINISTRATION OF THE 50 MILLION READI FUNDING ALLOCATION FROM THE STATE; COMPLETED A MEDICAL DEVICE AND TECHNOLOGY REPORT; COMPLETED THE PREFEASIBILITY FOR THE INDIANA OFF-HIGHWA VEHICLE ELECTRIFICATION CENTER (INOVEC); COMPLETED THE PREFEASIBILITY FOR THE NEI AUTOMATION INTEGRATION CENTER.

    Expenses $325,293 · Grants $325,293

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephane Frijia

    PRESIDENT &

    Total calculated
    $269,361
    From this org
    $0
    From related orgs
    $253,891
    Other
    $15,470
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $245,000 related
    Bonus
    not reported + $8,891 related
    Other
    not reported
    Deferred
    not reported + $5,638 related
    Nontaxable benefits
    not reported + $9,832 related
    Filer's total
    not reported + $269,361 related
  • 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
  • Tom Niezer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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
2022
Filed
1 April 2023
IRS schema version
2022v5.0
Source object
202302519349301655

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