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 Vulnerability Assessment (Tuckman-Chang)

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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.

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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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Liquidity & Cash Position

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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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