Greater Indianapolis Chamber of Commerce Foundation Inc

EIN: 356017715 501(c)(3) Community Improvement

Indianapolis, IN

Total Revenue
$1,637,569
Total Expenses
$1,622,467
Total Assets
$671,125
Net Assets
$118,123
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
IN
Phone
3174642200
Tax Period
2023-01-01 to 2023-12-31

Greater Indianapolis Chamber of Commerce Foundation Inc, founded in 1955, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE FOUNDATION'S MISSION IS TO ENCOURAGE, AID OR PROMOTE EDUCATIONAL OR CHARITABLE ORGANIZATIONS' ENDEAVORS OR ECONOMIC DEVELOPMENT ACTIVITIES AND TO OPERATE FOR THE BENEFIT OF THE CHARITABLE, EDUCATIONAL AND ECONOMIC DEVELOPMENT PURPOSES OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE.

Program Service Accomplishments

Program 1
Expenses: $1,622,467

Educational and Charitable Activities: The Chamber Foundation provides grant funding for the charitable and educational components of the Chamber's mission to improve the viability of the economy and...

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Educational and Charitable Activities: The Chamber Foundation provides grant funding for the charitable and educational components of the Chamber's mission to improve the viability of the economy and to attract and retain businesses in the Greater Indianapolis area for the benefit of the residents of the area.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,614,202
Program Service Revenue $0
Investment Income $23,367
Other Revenue $0
TOTAL REVENUE $1,637,569

Expense Breakdown

Grants Paid $1,188,001
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,622,467
Other Expenses $434,466
TOTAL EXPENSES $1,622,467

Year-over-Year Comparison

2023 2022 Change
Revenue $1,637,569 $1,837,930 -0.1%
Expenses $1,622,467 $1,816,135 -0.1%
Net Income $15,102 $21,795 -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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
$621,364
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A BOARD MEMBER, BOARD CHAIR 1.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER, BOARD SECRETARY 1.0
Officer Director
$0 $0 $0
N/A CHAIRMAN OF THE BOARD 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A PRESIDENT 1.0
Officer
$0 $103 $345,789
N/A VICE PRESIDENT AND TREASURER (UNTIL 8/25/2023) 2.0
Officer
$0 $44,260 $275,575
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 No data No data No data No data
2023 $1,637,569 $1,622,467 $671,125 $15,102
2022 $1,837,930 $1,816,135 $1,481,220 $21,795
2021 $1,248,714 $1,637,501 $2,197,022 $-388,787
2020 $1,224,119 $1,421,732 $3,446,798 $-197,613
2019 $1,947,698 $1,199,526 $803,640 $748,172
2018 $1,212,995 $1,321,807 $115,515 $-108,812
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