CICP FOUNDATION INC

EIN: 352065457 501(c)(3) Community Improvement

INDIANAPOLIS, IN

Total Revenue
$29,580,011
Total Expenses
$28,537,091
Total Assets
$27,483,469
Net Assets
$7,519,895
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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
IN
Principal Officer
LATOYA A BOTTERON
Phone
3175324802
Tax Period
2024-01-01 to 2024-12-31

CICP FOUNDATION INC, founded in 1998, is a mid-sized nonprofit in the Community Improvement sector that reported $29.6M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $28.5M left a modest 4% surplus.

Mission

CICP FOUNDATION, INC. (THE FOUNDATION) OPERATES EXCLUSIVELY FOR THE BENEFIT OF AND CARRIES OUT THE MISSION OF CENTRAL INDIANA CORPORATE PARTNERSHIP, INC. (CICP) BY ENGAGING IN AND SUPPORTING ACTIVITIES IN FURTHERANCE OF PURPOSES THAT ARE CHARITABLE, EDUCATIONAL OR OTHERWISE DESCRIBED IN SECTION 170(C)(2)(B) OF THE INTERNAL REVENUE CODE. CENTRAL INDIANA CORPORATE PARTNERSHIP (CICP) IS AN ALLIANCE OF INDIANA'S BUSINESS AND RESEARCH UNIVERSITY LEADERS COMING TOGETHER TO FOSTER LONG-TERM PROSPERITY FOR THE REGION. CICP'S MISSION IS TO TRANSFORM THE ECONOMY OF INDIANA IN ORDER TO CREATE A SUSTAINABLE PROSPERITY AND QUALITY OF LIFE FOR OUR CITIZENS AND FUTURE GENERATIONS.

Program Service Accomplishments

Program 1
Expenses: $8,072,795 Revenue: $8,235

ASCEND INDIANA IS A TALENT AND WORKFORCE DEVELOPMENT INITIATIVE COMMITTED TO MAKING INDIANA A PLACE OF ECONOMIC OPPORTUNITY FOR ALL. VISIT WWW.ASCENDINDIANA.COM. IN 2024, ASCEND MATCHED 963...

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ASCEND INDIANA IS A TALENT AND WORKFORCE DEVELOPMENT INITIATIVE COMMITTED TO MAKING INDIANA A PLACE OF ECONOMIC OPPORTUNITY FOR ALL. VISIT WWW.ASCENDINDIANA.COM. IN 2024, ASCEND MATCHED 963 EARLY-CAREER HOOSIERS AND OTHER JOB SEEKERS WITH CAREER AND INTERNSHIP OPPORTUNITIES, SURPASSING THE GOAL IT HAD SET FOR MATCHES. WE ASCEND ALSO WORKED ALONGSIDE EMPLOYERS TO FILL TOLES ROLES AND PARTNERED WITH EDUCATIONAL INSTITUTIONS TO BUILD CUSTOM TALENT PIPELINES. IN 2024, WE COMPLETED 7 PROJECTS, AND CONNECTED 826 INDIVIDUALS TO TRAINING AND WORK-BASED LEARNING OPPORTUNITIES. "INDIANA'S NEW CAREER PATHWAY: PREPARING MORE HOOSIERS FOR SUCCESS AFTER HIGH SCHOOL" WAS PUBLISHED IN SEPTEMBER 2024 AFTER 7 YEARS OF WORK LEARNING ABOUT THE SWISS VOCATIONAL AND PROFESSIONAL EDUCATION AND TRAINING SYSTEM. ASCEND COLLABORATED WITH THE RICHARD M. FAIRBANKS FOUNDATION, INDY CHAMBER AND NEARLY 200 BUSINESS, EDUCATION, PHILANTHROPIC AND PUBLIC-SECTOR PARTNERS TO DEVELOP THE COMPREHENSIVE STRATEGIC PLAN, CEMETS ILAB INDIANA, THAT LAYS THE GROUNDWORK FOR A STATEWIDE SYSTEM THAT SUPPORTS APPRENTICESHIP EXPERIENCES FOR HOOSIER STUDENTS.

Program 2
Expenses: $4,681,819 Revenue: $105,732

ANALYTIXIN, IS A STRATEGIC INITIATIVE OF CICP ESTABLISHED TO DEVELOP A DIGITAL COMMUNITY, INCLUDING A PLACE-FOCUSED COLLABORATION HUB IN INDIANAPOLIS THAT WILL STRENGTHEN CONNECTIONS AND ENCOURAGE...

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ANALYTIXIN, IS A STRATEGIC INITIATIVE OF CICP ESTABLISHED TO DEVELOP A DIGITAL COMMUNITY, INCLUDING A PLACE-FOCUSED COLLABORATION HUB IN INDIANAPOLIS THAT WILL STRENGTHEN CONNECTIONS AND ENCOURAGE ENGAGEMENT OF ACADEMIC DATA SCIENCE RESEARCH AND DEVELOPMENT TALENT WITH THEIR INDUSTRY PEERS TO DRIVE SUSTAINED INNOVATION WITHIN INDIANA. THE EMPHASIS IS ON LIFE SCIENCES AND MANUFACTURING TWO OF INDIANA'S MOST IMPORTANT AND PROLIFIC ECONOMIC DRIVERS. CICP SERVES AS PROJECT LEAD, WITH SIGNIFICANT AND CRITICAL PARTICIPATION FROM INDIANA UNIVERSITY, PURDUE UNIVERSITY, AND THE UNIVERSITY OF NOTRE DAME, EACH ALLOCATED SIGNIFICANT ANALYTIXIN FUNDING AS THE LOCUS OF THE PROJECT'S TALENT RECRUITMENT AND DEVELOPMENT ACTIVITIES. VISIT WWW.ANALYTIXINDIANA.COM.ANALYTIXIN CONTINUES TO SERVE AS A VITAL CATALYST FOR DATA COLLABORATION, BRIDGING INDIANA'S ACADEMIC INSTITUTIONS, INDUSTRY, GOVERNMENT, AND COMMUNITY ORGANIZATIONS. IN 2024, THE INITIATIVE ACHIEVED NOTABLE MILESTONES ACROSS ITS FOUR STRATEGIC PILLARS, SIGNIFICANTLY EXPANDING ITS TRANSFORMATIVE IMPACT: -TALENT ATTRACTION AND GROWTH: THIS YEAR MARKED SIGNIFICANT PROGRESS, WITH 59 ADVANCED ANALYTICS AND AI-FOCUSED FACULTY NOW RECRUITED AND RETAINED ACROSS INDIANA UNIVERSITY, PURDUE UNIVERSITY, AND THE UNIVERSITY OF NOTRE DAME. THESE DISTINGUISHED EXPERTS ARE EDUCATING INDIANA'S TALENT OF TOMORROW, DRIVING INTERDISCIPLINARY RESEARCH, FOSTERING INNOVATION, AND ELEVATING INDIANA'S STATUS WITHIN THE GLOBAL DIGITAL LANDSCAPE. -THE COMMON PLACE: HUB FOR COLLABORATIVE INNOVATION: LOCATED AT 16TECH, THE COMMON PLACE REMAINS CENTRAL TO FOSTERING ENGAGEMENT AND CROSS-SECTOR PARTNERSHIPS. THE INAUGURAL ANALYTIXIN SUMMIT SUCCESSFULLY CONVENED OVER 80 INDUSTRY, ACADEMIC, AND COMMUNITY LEADERS. THIS PIVOTAL EVENT SPARKED NEW INTRA-ORGANIZATIONAL COLLABORATIVE PROJECTS AIMED AT BUILDING THE DATA ECOSYSTEM AND GENERATING ACTIONABLE SOLUTIONS TO KEY CHALLENGES. -LIFE SCIENCES HEALTH DATA ASSET GAINS MOMENTUM: THE CONSORTIUM SURROUNDING THE LIFE SCIENCES HEALTH DATA ASSET ADVANCED SUBSTANTIALLY, LAUNCHING COLLABORATIVE RESEARCH INITIATIVES WITH PROMINENT INSTITUTIONS INCLUDING INDIANA UNIVERSITY, IU HEALTH, ELI LILLY & CO, PURDUE UNIVERSITY, AND IBRI. THESE PROJECTS SHOWCASE THE ASSET'S CAPABILITY TO FACILITATE GROUNDBREAKING RESEARCH, ENHANCING INDIANA'S POSITION AS A LEADER IN HEALTH DATA INNOVATION. -DYNAMIC PROJECT TEAMS: THE COMMUNITIES OF PRACTICE (COPS) CONTINUE TO UNDERPIN ANALYTIXIN'S COLLABORATIVE MISSION, EFFECTIVELY CONNECTING FACULTY, STUDENTS, AND COMMUNITY PARTNERS. IN 2024 ALONE, COPS ENGAGED 88 ORGANIZATIONS SPANNING MANUFACTURING, LIFE SCIENCES, AND TECHNOLOGY SECTORS. THESE COLLABORATIVE FORUMS CREATED MEANINGFUL OPPORTUNITIES, SUCH AS DATA VISUALIZATION PROJECTS LINKING STUDENTS DIRECTLY WITH REAL-WORLD INDUSTRY CHALLENGES, FOSTERING PRACTICAL LEARNING EXPERIENCES, AND ADDRESSING COMMUNITY NEEDS. ANALYTIXIN IS PRIMARILY ENABLED BY A $36 MILLION GRANT FROM LILLY ENDOWMENT INC. TO THE CICP FOUNDATION. VISIT WWW.ANALYTIXINDIANA.COM.

Program 3
Expenses: $3,487,667

CONEXUS INDIANA HAS BEEN POSITIONING THE HOOSIER STATE AS THE BEST PLACE FOR ADVANCED MANUFACTURING AND LOGISTICS INDUSTRIES TO INNOVATE, INVEST, EMPLOY AND SUCCEED FOR MORE THAN A DECADE. CONEXUS...

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CONEXUS INDIANA HAS BEEN POSITIONING THE HOOSIER STATE AS THE BEST PLACE FOR ADVANCED MANUFACTURING AND LOGISTICS INDUSTRIES TO INNOVATE, INVEST, EMPLOY AND SUCCEED FOR MORE THAN A DECADE. CONEXUS COLABORATES WITH INDUSTRY, ACADEMIC AND PUBLIC SECTOR PARTNERS ON A SHARED VISION FOR AN INNOVATIVE, SKILLED WORKFORCE AND STRONGER BUSINESS CLIMATE. CONEXUS INDIANA'S CHARITABLE AND EDUCATIONAL ACTIVITIES ARE FUNDED THROUGH CICP FOUNDATION. VISIT WWW.CONEXUSINDIANA.COM. THE DEMAND FOR A HIGHLY SKILLED WORKFORCE CONTINUES TO SHAPE THE FUTURE OF INDIANA'S AML INDUSTRIES. IN 2024, CONEXUS INDIANA CONTINUED TO RESPOND TO THIS NEED BY DEEPENING ITS ENGAGEMENT WITH INDUSTRY EMPLOYERS AND EDUCATORS. - CONEXUS AWARDED $110,000 IN STUDENT INDUSTRIES SUPPORT GRANTS TO 11 HIGH SCHOOLS AND $480,000 IN EDUCATION READINESS GRANTS, VIA THE INDIANA COMMISSION FOR HIGHER EDUCATION, TO FIVE HIGH SCHOOLS. THESE FUNDS ALLOWED STUDENT-RUN MANUFACTURING ENTERPRISES AND CAREER AND TECHNICAL EDUCATION (CTE) PROGRAMS TO SCALE THEIR OPERATIONS AND ENHANCE INDUSTRY 4.0-ALIGNED TRAINING TO BRIDGE THE GAP BETWEEN CLASSROOM LEARNING AND REAL-WORLD APPLICATION. - MEANWHILE, THE CATAPULT INDIANA TRAINING PROGRAM CONTINUED TO PROVIDE A DIRECT PATHWAY INTO AML CAREERS. ACROSS SIX PROGRAM SITES, 127 STUDENTS PARTICIPATED IN THIS IMMERSIVE TRAINING EXPERIENCE, WITH 90% OF ELIGIBLE ADULT GRADUATES RECEIVING JOB OFFERS. THE PROGRAM ALSO REINFORCED CONEXUS' COMMITMENT TO EQUITY, WITH 68% OF PARTICIPANTS IDENTIFYING AS PERSONS OF COLOR, EXPANDING ACCESS TO OPPORTUNITY ACROSS INDIANA'S WORKFORCE. - IN ADDITION TO THESE WORKFORCE INITIATIVES, CONEXUS STRENGTHENED ITS PARTNERSHIP WITH IVY TECH COMMUNITY COLLEGE TO ENSURE INDIANA'S POST-SECONDARY INSTITUTIONS ARE PREPARING STUDENTS FOR THE EVOLVING DEMANDS OF INDUSTRY 4.0. THROUGH THIS COLLABORATION, IVY TECH AND CONEXUS CO-DEVELOPED COURSES DESIGNED TO UPSKILL WORKERS AND EQUIP THEM WITH THE DIGITAL COMPETENCIES REQUIRED IN MODERN MANUFACTURING. BEYOND DRIVING INDUSTRY INNOVATION, CONEXUS REMAINS COMMITTED TO SHAPING PUBLIC PERCEPTIONS OF AML CAREERS AND ENSURING INDIANA REMAINS A LEADER IN DIGITAL ADOPTION. - CONEXUS CONTINUED ITS WORK TO ATTRACT THE NEXT GENERATION OF TALENT THROUGH THE MAKE IN MOVE CAMPAIGN, WHICH SECURED 2.5 MILLION IMPRESSIONS FROM GEN-Z HOOSIERS IN 2024. THIS CAMPAIGN, DESIGNED TO RAISE AWARENESS OF AML CAREER OPPORTUNITIES, LEVERAGED TARGETED DIGITAL OUTREACH AND STORYTELLING TO CONNECT WITH INDIANA'S FUTURE WORKFORCE. - TO PUBLICLY RECOGNIZE AND CELEBRATE THE NEXT GENERATION OF AML LEADERS, CONEXUS CONTINUED ITS RISING 30 PROGRAM IN 2024, HONORING 30 YOUNG PROFESSIONALS MAKING A SIGNIFICANT IMPACT IN INDIANA'S MANUFACTURING AND LOGISTICS INDUSTRIES. RESEARCH AND DATA-DRIVEN INSIGHTS REMAIN CENTRAL TO CONEXUS' MISSION, HELPING TO GUIDE INDUSTRY DECISION-MAKING AND INFORM PUBLIC POLICY. - CONEXUS COMPLETED MULTIPLE RESEARCH PROJECTS THAT EXAMINED EMERGING WORKFORCE TRENDS, DIGITAL ADOPTION BENCHMARKS AND SUPPLY CHAIN INNOVATIONS. AMONG THESE, THE NATIONAL TECHNOLOGY ADOPTION BENCHMARKING IN ADVANCED MANUFACTURING AND LOGISTICS REPORT, DEVELOPED IN PARTNERSHIP WITH TECONOMY PARTNERS LLC, PROVIDED A COMPARATIVE ANALYSIS OF INDIANA'S INDUSTRY 4.0 PROGRESS AGAINST SEVEN PEER STATES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $28,083,703
Program Service Revenue $0
Investment Income $1,350,561
Other Revenue $145,747
TOTAL REVENUE $29,580,011

Expense Breakdown

Grants Paid $7,353,756
Salaries & Benefits $0
Fundraising Expenses $454,186
Program Expenses $25,186,671
Other Expenses $21,183,335
TOTAL EXPENSES $28,537,091

Year-over-Year Comparison

2024 2023 Change
Revenue $29,580,011 $34,388,088 -0.1%
Expenses $28,537,091 $32,830,359 -0.1%
Net Income $1,042,920 $1,557,729 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
60

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,321,522
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUE ELLSPERMANN CHAIR 1.00
Officer Director
$0 $0 $0
BRYAN MILLS VICE CHAIR/TREASURER 1.00
Officer Director
$0 $0 $0
STEPHEN FERGUSON SECRETARY 1.00
Officer Director
$0 $0 $0
GAIL BOUDREAUX AT-LARGE 1.00
Director
$0 $0 $0
JEFF HARRISON AT-LARGE 1.00
Director
$0 $0 $0
MARK HILL AT-LARGE 1.00
Director
$0 $0 $0
DAVE RICKS AT-LARGE 1.00
Director
$0 $0 $0
JENNIFER RUMSEY AT-LARGE 1.00
Director
$0 $0 $0
JEFF SMULYAN AT-LARGE 1.00
Director
$0 $0 $0
MELINA KENNEDY CEO, CICP 20.00
Officer
$0 $73,963 $765,873
LATOYA ALEXANDER BOTTERON PRESIDENT AND CFO, CICP 16.00
Officer
$0 $70,249 $555,649
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $29,580,011 $28,537,091 $27,483,469 $1,042,920
2023 $34,388,088 $32,830,359 $43,729,093 $1,557,729
2022 $22,354,287 $21,503,099 $59,493,822 $851,188
2021 $39,753,339 $39,384,019 $75,472,959 $369,320
2020 $40,584,591 $23,245,979 $59,118,591 $17,338,612
2020 $40,584,591 $23,245,979 $59,118,591 $17,338,612
2019 $25,787,246 $17,366,391 $41,245,907 $8,420,855
2018 $5,730,375 $14,843,241 $32,789,031 $-9,112,866
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