CENTRAL INDIANA CORPORATE PARTNERSHIP INC

EIN: 352065459 Community Improvement

INDIANAPOLIS, IN

Total Revenue
$11,371,368
Total Expenses
$9,893,869
Total Assets
$7,927,803
Net Assets
$7,119,165
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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

CENTRAL INDIANA CORPORATE PARTNERSHIP INC, founded in 1998, is a mid-sized nonprofit in the Community Improvement sector that reported $11.4M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $9.9M left a modest 13% surplus.

Mission

THE CENTRAL INDIANA CORPORATE PARTNERSHIP (CICP) IS TRANSFORMING OUR REGIONAL ECONOMY, BRINGING TOGETHER THE CEOS OF CENTRAL INDIANA'S LARGEST AND MOST CIVICALLY ENGAGED EMPLOYERS AND UNIVERSITY PRESIDENTS TO ADVANCE "BIG PICTURE" PRIORITIES LIKE ENCOURAGING INNOVATION AND ENTREPRENEURSHIP, BUILDING A WORLD-CLASS WORKFORCE AND CREATING A PRO-GROWTH ECONOMY. 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. TO ADVANCE THIS MISSION, CICP HAS FIVE KEY TALENT AND INDUSTRY SECTOR INITIATIVES - AGRINOVUS INDIANA, ASCEND INDIANA, BIOCROSSROADS, CONEXUS INDIANA AND TECHPOINT - ALL ADDRESSING CHALLENGES AND OPPORTUNITIES UNIQUE TO THEIR RESPECTIVE AREAS: AGBIOSCIENCES, TALENT AND WORKFORCE DEVELOPMENT, LIFE SCIENCES, ADVANCED MANUFACTURING AND LOGISTICS AND TECHNOLOGY.

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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 $11,028,233
Program Service Revenue $0
Investment Income $267,564
Other Revenue $75,571
TOTAL REVENUE $11,371,368

Expense Breakdown

Grants Paid $54,000
Salaries & Benefits $18,529,724
Fundraising Expenses $0
Other Expenses $-8,689,855
TOTAL EXPENSES $9,893,869

Year-over-Year Comparison

2024 2023 Change
Revenue $11,371,368 $8,410,868 +0.4%
Expenses $9,893,869 $9,078,947 +0.1%
Net Income $1,477,499 $-668,079 -3.2%
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
67
Independent Members
67
Employees
168
Volunteers
200

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
71
$0
Key Employees
5
$2,347,669
Highest Compensated
5
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
ALLAN B HUBBARD DIRECTOR 1.00
Director
$0 $0 $0
AMAN BRAR DIRECTOR 1.00
Director
$0 $0 $0
AMY SCHUMACHER DIRECTOR 1.00
Director
$0 $0 $0
ANDREW INSLEY DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY BABCOCK DIRECTOR 1.00
Director
$0 $0 $0
BRAD MOORE DIRECTOR 1.00
Director
$0 $0 $0
CANDICE BINEYARD DIRECTOR 1.00
Director
$0 $0 $0
CATHERINE LANGHAM DIRECTOR 1.00
Director
$0 $0 $0
CHARLIE BAKER DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINA MOUNGEY DIRECTOR 1.00
Director
$0 $0 $0
CHUCK MAGRO DIRECTOR 1.00
Director
$0 $0 $0
CLAIRE FIDDIAN-GREEN DIRECTOR 1.00
Director
$0 $0 $0
DAVID BECKER DIRECTOR 1.00
Director
$0 $0 $0
DAVID GRAZIOSI DIRECTOR 1.00
Director
$0 $0 $0
DAVID M FINDLAY DIRECTOR 1.00
Director
$0 $0 $0
DENNIS MURPHY DIRECTOR 1.00
Director
$0 $0 $0
ELLEN SWISHER CRABB DIRECTOR 1.00
Director
$0 $0 $0
FRED MERRITT DIRECTOR 1.00
Director
$0 $0 $0
GEOFFREY MEARNS DIRECTOR 1.00
Director
$0 $0 $0
J SCOTT DAVISON DIRECTOR 1.00
Director
$0 $0 $0
JA LACY DIRECTOR 1.00
Director
$0 $0 $0
JAMES DANKO DIRECTOR 1.00
Director
$0 $0 $0
JAMIE MERISOTIS DIRECTOR 1.00
Director
$0 $0 $0
JASON ECKERLE DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY SIMMONS DIRECTOR 1.00
Director
$0 $0 $0
JIM RYAN DIRECTOR 1.00
Director
$0 $0 $0
JOHN EGGLETON DIRECTOR 1.00
Director
$0 $0 $0
JOHN T THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN P CHRISTIAN DIRECTOR 1.00
Director
$0 $0 $0
KELLY PFLEDDERER DIRECTOR 1.00
Director
$0 $0 $0
KENNETH ZAGZEBSKI DIRECTOR 1.00
Director
$0 $0 $0
KEVIN SPEER DIRECTOR 1.00
Director
$0 $0 $0
KRISTIN MARCUCCILLI DIRECTOR 1.00
Director
$0 $0 $0
KRISTIN MAYS-CORBITT DIRECTOR 1.00
Director
$0 $0 $0
MARK MILES DIRECTOR 1.00
Director
$0 $0 $0
MARLA THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
MIKE BERGHOFF DIRECTOR 1.00
Director
$0 $0 $0
MUNG CHAING DIRECTOR 1.00
Director
$0 $0 $0
N CLAY ROBBINS DIRECTOR 1.00
Director
$0 $0 $0
NATE FELTMAN DIRECTOR 1.00
Director
$0 $0 $0
PAMELA WHITTEN DIRECTOR 1.00
Director
$0 $0 $0
PETE WARD DIRECTOR 1.00
Director
$0 $0 $0
RICK HENVEY DIRECTOR 1.00
Director
$0 $0 $0
ROBERT COONS DIRECTOR 1.00
Director
$0 $0 $0
SCOTT BRAND DIRECTOR 1.00
Director
$0 $0 $0
SCOTT DORSEY DIRECTOR 1.00
Director
$0 $0 $0
STAN PINEGAR DIRECTOR 1.00
Director
$0 $0 $0
STANLEY CHEN DIRECTOR 1.00
Director
$0 $0 $0
TODD BORGMANN DIRECTOR 1.00
Director
$0 $0 $0
WESLEY SPRINKLE DIRECTOR 1.00
Director
$0 $0 $0
ERIC BACHLE DIRECTOR BEGINNING APRIL 1.00
Director
$0 $0 $0
BILLIE DRAGOO DIRECTOR BEGINNING APRIL 1.00
Director
$0 $0 $0
MATT BARGA DIRECTOR BEGINNING APRIL 1.00
Director
$0 $0 $0
MEL RAINES DIRECTOR BEGINNING JUNE 1.00
Director
$0 $0 $0
REV ROBERT DOWD DIRECTOR BEGINNING JULY 1.00
Director
$0 $0 $0
IVAN TORNOS DIRECTOR BEGINNING AUG. 1.00
Director
$0 $0 $0
MIKE GODARD DIRECTOR BEGINNING AUG. 1.00
Director
$0 $0 $0
STEPHEN MORET DIRECTOR BEGINNING AUG. 1.00
Director
$0 $0 $0
BILL SOARDS DIRECTOR THROUGH APRIL 1.00
Director
$0 $0 $0
RICK FUSON DIRECTOR THROUGH JUNE 1.00
Director
$0 $0 $0
DEBORAH CURTIS DIRECTOR THROUGH JUNE 1.00
Director
$0 $0 $0
REV JOHN I JENKINS DIRECTOR THROUGH JULY 1.00
Director
$0 $0 $0
MELINA KENNEDY CEO, CICP 20.00
Officer
$691,910 $73,963 $765,873
LATOYA ALEXANDER BOTTERON PRESIDENT AND CHIEF FINANCIAL OFFICER, CICP 24.00
Officer
$485,400 $70,249 $555,649
MITCH FRAZIER PRESIDENT AND CEO, AGRINOVUS INDIANA 40.00
Key Emp
$455,085 $69,136 $524,221
FRED CARTWRIGHT PRESIDENT & CEO - CONEXUS 40.00
Key Emp
$431,438 $70,743 $502,181
TING GOOTEE PRESIDENT AND CEO, TECHPOINT 40.00
Key Emp
$420,212 $80,084 $500,296
BRAD RHORER PRESIDENT & CEO, ASCEND INDIANA 40.00
Key Emp
$340,177 $73,721 $413,898
VINCENT WONG PRESIDENT AND CEO, BIOCROSSROADS 40.00
Key Emp
$334,699 $72,374 $407,073
DARSHAN SHAH EVP, DATA & ANALYTIXIN 40.00
Highest
$288,083 $70,963 $359,046
MIKE BOLINDER SVP, EXTERNAL ENGAGEMENT AND CHIEF INNOVATION OFFI 40.00
Highest
$271,475 $68,019 $339,494
JAHON HOBBEHEYDAR EXECUTIVE VICE PRESIDENT, STRATEGY 40.00
Highest
$269,084 $68,493 $337,577
DENNIS TRINKLE SENIOR VICE PRESIDENT OF TALENT, STRATEGY & PARTNE 40.00
Highest
$241,193 $30,650 $271,843
BRYCE CARPENTER CHIEF OPERATIONS AND STRATEGY OFFICER 40.00
Highest
$225,535 $64,781 $290,316
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 $11,371,368 $9,893,869 $7,927,803 $1,477,499
2023 $8,410,868 $9,078,947 $6,777,292 $-668,079
2022 $10,221,222 $9,149,296 $8,043,821 $1,071,926
2021 $11,696,503 $11,446,213 $8,694,724 $250,290
2020 $12,956,705 $12,122,706 $10,755,936 $833,999
2020 $12,956,705 $12,122,706 $10,755,936 $833,999
2019 $10,496,039 $8,754,832 $8,114,223 $1,741,207
2018 $7,511,483 $6,682,398 $6,156,795 $829,085
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