INDIANA ECONOMIC DEVELOPMENT FOUNDATION INC

As filed

Subsection

03

NTEE code

S30

Classification

1000

Street

1 NORTH CAPITAL AVE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• DURING THE YEAR, THE ORGANIZATION ADVANCED INDIANA'S ECONOMIC GROWTH THROUGH TARGETED BUSINESS ATTRACTION AND EXPANSION INITIATIVES. THESE EFFORTS RESULTED IN MULTIPLE ANNOUNCED INVESTMENTS ACROSS KEY SECTORS INCLUDING ADVANCED MANUFACTURING, LIFE SCIENCES, LOGISTICS, AEROSPACE, AND DEFENSE. MAJOR PROJECTS INCLUDED MANUFACTURING EXPANSIONS, NEW SERVICE AND DISTRIBUTION CENTERS, HEADQUARTERS RELOCATIONS, AND SIGNIFICANT GROWTH IN RESEARCH AND PRODUCTION FACILITIES. COLLECTIVELY, THESE ANNOUNCEMENTS REPRESENTED THOUSANDS OF NEW JOBS AND HUNDREDS OF MILLIONS OF DOLLARS IN PRIVATE SECTOR INVESTMENT STATEWIDE, STRENGTHENING INDIANA'S COMPETITIVE POSITION.THE ORGANIZATION WORKED WITH COMPANIES SUCH AS ALERA MARINE GROUP, BOMBARDIER, HARPERCOLLINS, HYSTER YALE MATERIALS HANDLING, INCOG BIOPHARMA, WARE, KRATOS DEFENSE & SECURITY SOLUTIONS, ROCHE, AND WEST PHARMACEUTICAL SERVICES TO SUPPORT NEW FACILITY LAUNCHES OR MAJOR EXPANSIONS ACROSS INDIANA. THESE PROJECTS INCLUDED LARGE-SCALE MANUFACTURING OPERATIONS, ADVANCED TECHNOLOGY DEVELOPMENT CENTERS, AND EXPANDED DIAGNOSTICS AND LIFE SCIENCE PRODUCTION FACILITIES.OVERALL PROJECT ACTIVITY CONTRIBUTED TO AN EXPECTED 10,934 NEW JOBS AND $902 MILLION IN NEW PAYROLL, WITH AVERAGE HOURLY WAGES OF $39.70, EXCEEDING BOTH STATE AND NATIONAL AVERAGES. INCENTIVES OFFERED PER JOB DECREASED BY 68% FROM THE PRIOR YEAR, GENERATING IMPROVED TAXPAYER VALUE AND RESULTING IN AN ESTIMATED $348 MILLION IN SAVINGS. THESE EFFORTS PROMOTED HIGHER WAGES, INDUSTRY DIVERSIFICATION, AND LONG TERM ECONOMIC STABILITY THROUGHOUT THE STATE.IN ADDITION, THE ORGANIZATION ADVANCED ITS GLOBAL ENGAGEMENT STRATEGY BY SUPPORTING THE PLANNING AND HOSTING OF THE GLOBAL ENTREPRENEURSHIP CONGRESS (GEC), THE PREMIER ANNUAL EVENT OF THE GLOBAL ENTREPRENEURSHIP NETWORK. THE CONGRESS BRINGS TOGETHER ECOSYSTEM BUILDERS, FOUNDERS, INVESTORS, AND GOVERNMENT PARTNERS FROM AROUND THE WORLD FOR FOUR DAYS OF COLLABORATION AND PRACTICAL INSIGHTS. THE EVENT IS DESIGNED TO UNITE THOUSANDS OF PARTICIPANTS IN A SHARED EFFORT TO STRENGTHEN AND BUILD AN INCLUSIVE GLOBAL ENTREPRENEURIAL ECOSYSTEM. BY HELPING BRING THIS GATHERING TO INDIANA, THE ORGANIZATION SHOWCASED THE STATE'S INNOVATION COMMUNITY AND EXPANDED INTERNATIONAL CONNECTIONS THAT SUPPORT LONG TERM ECONOMIC DEVELOPMENT.

  Expenses $810,395 · Grants $10,605

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $322,700

  Expenses

  $1,742,875

  Contributions

  $306,239

  Grants paid

  $10,605

• 2023

  Revenue

  $3,246,134

  Expenses

  $1,158,043

  Contributions

  $3,237,109

  Grants paid

  $6,938

• 2022

  Revenue

  $1,570,847

  Expenses

  $2,253,710

  Contributions

  $1,546,863

  Grants paid

  $2,540

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2010 · 990

  Revenue

  — not reported

  Expenses

  $957,394

  Assets (EOY)

  $1,054,237

• 2009 · 990

  Revenue

  — not reported

  Expenses

  $754,718

  Assets (EOY)

  $1,092,815

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• AMERICAN ONLINE GIVING FOUNDATION INC

  $225,000

  2024 · GENERAL SUPPORT

• UNIVERSITY OF NOTRE DAME DU LAC

  $50,000

  2024 · See Part IV

• CENTRAL INDIANA CORPORATE PARTNERSHIP INC

  $46,227

  2022 · GOLD LEVEL SPONSORSHIP - GLOBAL ECONOMIC SUMMIT

• UNIVERSITY OF NOTRE DAME DU LAC

  $30,000

  2023 · See Part IV

• CHARITIES AID FOUNDATION AMERICA

  $10,000

  2024 · CHARITABLE DONATION

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files