Form 990 for tax year 2024
Filed by GOVERNOR BOB ORR INDIANA ENTREPRENEURIAL FELLOWSHIP.
Totals
- Total revenue
- $729,676
- Total expenses
- $1,263,170
- Contributions and grants received
- $662,013
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $49,226
- Other revenue
- $18,437
- Total assets, end of year
- $959,799
- Total liabilities, end of year
- $51,368
- Net assets or fund balances, end of year
- $908,431
- Program services expenses (Part IX)
- $1,133,722
- Management and general expenses
- $124,680
- Fundraising expenses
- $4,768
- Program service expenses (Part III)
- $1,133,722
Program services were 89.8% 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
$662,013
-
3 · Investment income
total $49,226 · excluded $49,226
-
11a · Other revenue: OTHER INCOME
total $18,437 · excluded $18,437
-
11e · Other revenue, total
$18,437
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $158,943 · program services $106,492 · management and general $47,683 · fundraising $4,768
-
7 · Other salaries and wages
total $57,215 · program services $42,911 · management and general $14,304
-
9 · Other employee benefits
total $29,404 · program services $14,702 · management and general $14,702
-
10 · Payroll taxes
total $27,670 · program services $13,835 · management and general $13,835
-
11c · Fees: accounting
total $1,950 · management and general $1,950
-
12 · Advertising and promotion
total $33,574 · program services $33,574
-
14 · Information technology
total $5,896 · program services $5,896
-
19 · Conferences, conventions and meetings
total $37,520 · program services $37,520
-
20 · Interest
total $170 · program services $170
-
23 · Insurance
total $2,801 · program services $2,801
-
24a · Other expenses: PROJECT IMPROVEMENT EXP
total $412,985 · program services $412,985
-
24b · Other expenses: RECRUITING
total $207,290 · program services $207,290
-
24c · Other expenses: FELLOW AND ALUMNI EVENT
total $119,814 · program services $119,814
-
24d · Other expenses: INDIRECT PROGRAM SUPPOR
total $58,202 · program services $58,202
-
24e · All other expenses
total $109,736 · program services $77,530 · management and general $32,206
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,492,375 · end of year $884,429
-
15 · Other assets
beginning of year $16,605 · end of year $75,370
-
17 · Accounts payable and accrued expenses
beginning of year $67,055 · end of year $51,368
-
27 · Net assets without donor restrictions
beginning of year $701,925 · end of year $662,165
-
28 · Net assets with donor restrictions
beginning of year $740,000 · end of year $246,266
Mission and programs · 2024
Mission
ORR FELLOWSHIP RECRUITS AND DEVELOPS THE NEXT GENERATION OF BUSINESS LEADERS AND ENTREPRENEURS.
-
IN 2024 ORR FELLOWSHIP RECRUITED IN-PERSON AND VIRTUALLY AT OVER 65 COLLEGES AND UNIVERSITIES AND ATTRACTED 1200 QUALIFIED CANDIDATES. THIS NUMBER WAS BOLSTERED BY THE GENEROUS SUPPORT OF THE LILLY ENDOWMENT WHICH ENABLED STRONGER PR & MARKETING EFFORTS DIRECTLY LEADING TO AN INCREASE IN APPLICANTS. WE SHARED JOB OFFERS WITH 87 CANDIDATES WHO ALSO RECEIVED OFFERS TO JOIN ORR FELLOWSHIP AS ORR FELLOWS (NEW MEMBERS) IN THE FUTURE CLASS OF 2025. THE PROCESS WAS ENABLED AND MADE EASIER THROUGH LEVERAGING LILLY ENDOWMENT FUNDS TO INVEST IN TECHNOLOGIES LOWERING THE MANUAL EFFORT INVOLVED.
Expenses $226,744
-
IN 2024 ORR FELLOWSHIP CONTINUED TO OFFER LEARNING AND DEVELOPMENT EVENTS TO OUR MEMBERS INCLUDING NATIONAL SPEAKERS, BUSINESS LEADER SPEAKER SERIES, FUNCTIONAL WORKSHOPS, DIVERSITY, EQUITY, AND INCLUSION TRAININGS, AND LEADERSHIP DEVELOPMENT PROGRAMMING.
Expenses $453,489
-
EXPENSES RELATED TO OPERATING THE ORGANIZATION AT A HIGH LEVEL INCLUDING THE 3 FULL-TIME EMPLOYEES. THE FTES ARE RESPONSIBLE FOR CREATING AND DELIVERING ALL PROGRAMMING RELATED TO THE RECRUITMENT PROCESS AND EXECUTION OF THE LEARNING AND DEVELOPMENT EVENTS. THROUGHOUT THE YEAR, FUNDS FROM THE LILLY ENDOWMENT WERE INVESTED IN CAPACITY INCREASING ACTIVITIES ALLOWING THE SMALL TEAM TO SCALE OPERATIONS WITHOUT SCALING HEADCOUNT.
Expenses $453,489
As filed on the 2024 return.
Listed in Part VII
-
Bo DietrickBO DIETRICK
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Lauren JamesLAUREN JAMES
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.2
-
Jim JayJIM JAY
TREASURER
- Total calculated
- $0
- Hours/week
- 0.2
-
Brian SchuttBRIAN SCHUTT
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.25
-
Jim RyanJIM RYAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Scott BrentonSCOTT BRENTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.15
-
Barry WormserBARRY WORMSER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.15
-
Sid BoseSID BOSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.15
-
Connor BurtCONNOR BURT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.15
-
Maggie WilliamsMAGGIE WILLIAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.15
-
Sarah HawkinsSARAH HAWKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.15
-
Fred YeakeyFRED YEAKEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.15
-
Sanjay MalkaniSANJAY MALKANI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.15
-
Yaw AningYAW ANING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.15
-
Steven EmchSTEVEN EMCH
PRESIDENT
- Total calculated
- $158,943
- From this org
- $129,633
- From related orgs
- $0
- Other
- $29,310
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $117,133
- Bonus
- $12,500
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $29,310
- Filer's total
- $158,943
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
The filer's explanations (Part III)
- PART I, LINE 3
- THE EXECUTIVE COMMITTEE DETERMINES SALARIES AND PRESENTS THEM TO THE FULL BOARD FOR APPROVAL.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202512799349300641
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