Civic Intelligence

Indiana Energy Association Inc

EIN 30-0192928 • 501(c)6 • Indianapolis, IN

Profile

Association of electric and natural gas utility companies serving the state of indiana; promote legislation and educational programs in the industry.

One American Square Suite 1600Indianapolis, IN 46282
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

33rd percentile

-0.1%

Higher net margin than 33% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

93rd percentile

$367,201

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

32nd percentile

-0.2%

Faster asset growth than 32% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

46th percentile

4.4%

Faster revenue growth than 46% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,782,697

Down $36,575 (-2.0%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$1,782,697

Down $36,575 (-2.0%) from 2021

Revenue

Up

$2,448,074

Up $308,188 (+14%) from 2021

Expenses

Up

$2,451,124

Up $131,765 (+5.7%) from 2021

Net Income

Up

-$3,050

Up $176,423 (+98%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2010: $1,404,204Liabilities 2010: $0Net Assets 2010: $1,404,2042010Assets 2018: $1,917,147Liabilities 2018: $0Net Assets 2018: $1,917,1472018Assets 2019: $2,162,281Liabilities 2019: $0Net Assets 2019: $2,162,2812019Assets 2020: $1,998,745Liabilities 2020: $0Net Assets 2020: $1,998,7452020Assets 2021: $1,819,272Liabilities 2021: $0Net Assets 2021: $1,819,2722021Assets 2024: $1,782,697Liabilities 2024: $0Net Assets 2024: $1,782,6972024

Highlighted filing

2024

Assets$1,782,697
Liabilities$0
Net Assets$1,782,697

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,897,5082010Revenue 2018: $2,461,351Expenses 2018: $2,536,184Net Income 2018: -$74,8332018Revenue 2019: $2,791,096Expenses 2019: $2,545,962Net Income 2019: $245,1342019Revenue 2020: $2,251,843Expenses 2020: $2,415,379Net Income 2020: -$163,5362020Revenue 2021: $2,139,886Expenses 2021: $2,319,359Net Income 2021: -$179,4732021Revenue 2024: $2,448,074Expenses 2024: $2,451,124Net Income 2024: -$3,0502024

Highlighted filing

2024

Revenue$2,448,074
Expenses$2,451,124
Net Income-$3,050

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 21, 2020
Return Version
2019v5.0
Gross Receipts
$2,791,096
Mission and Program Overview

Mission

Association of electric and natural gas utility companies serving the state of indiana; promote legislation and educational programs in the industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,299,335$1,590,353▲ $291,018
Investments in Publicly Traded Securities-$445,000-
Savings and Temporary Cash Investments$617,812$126,928▼ $490,884
Total Assets$1,917,147$2,162,281▲ $245,134
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,889,611$2,134,705▲ $245,094
Net Assets With Donor Restrictions$27,536$27,576▲ $40
Total Net Assets Fund Balance$1,917,147$2,162,281▲ $245,134
Total Liabilities and Net Assets / Fund Balance$1,917,147$2,162,281▲ $245,134
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark MaasselPast PresideFT$399,579$19,000$418,579
Mark MaasselPast President-$353,333$65,246$418,579
Edwin SimcoxConsultantPT$151,631$174,731$174,731
Timothy RushenbergPast Vice PrFT$151,631-$151,631
Timothy RushenbergPast Vice President---$151,631
Danielle McgrathPresidentFT$37,681-$37,681
Mindy Westrick BrownVice PresideFT$12,676-$12,676

Board Members and Trustees

NameTitle
Jeff HarrisonBoard Chair
John StengerBoard Member
Ken ZagzebskiBoard Member
Mike RoederBoard Member
Stan PinegarBoard Member
Toby ThomasBoard Member
Violet SistovarisBoard Vice C

Highest Paid Contractors

ContractorServicesLocationCompensation
Ice MillerLegalONE AMERICAN SQUARE, SUITE 2900, Indianapolis, IN 46282$183,361
Edwin SimcoxConsulting1001 NORTH CUMBERLAND ROAD, Fishers, IN 46037$140,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,737,929
Investment Income
$21,267
Other Revenue
$31,900
Change in Net Assets
$245,134

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,791,096
Total Revenue per Audited Statements
$2,791,096
Total Revenue per Form 990
$2,791,096
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,257,829
Other Expenses$1,132,933
Grants and Similar Amounts Paid$155,200
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$468,936
Comp Disqual Persons---$326,362
Other Employee Benefits---$211,384
Fees for Services Legal---$198,901
Conferences and Meetings---$190,441
Grants to Domestic Orgs---$155,200
Pension Plan Contributions---$105,867
Other Salaries and Wages---$101,862
Occupancy---$69,625
Fees for Services Other---$69,420
All Other Expenses---$54,552
Payroll Taxes---$43,418
Other Expenses---$33,008
Fees for Services Accounting---$10,400
Total Functional Expenses$0$0$0$2,545,962

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,545,962
Total Expenses per Audited Statements$2,545,962
Total Expenses per Form 990$2,545,962
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Indiana Utility ShareholdersIndianapolis, IN--$136,200
Indiana 4-h FoundationWest Lafayette, IN--$11,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$385,758
Total Nondeductible Lobbying and Political Cost$385,758
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Edwin SimcoxPast OfficerConsultingNo$140,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Indiana electric and natural gas companies appoint an executive from the company to serve on the association's board of directors.

Form 990, Page 6, Part VI, Line 7A

Member utility companies appoint an executive from the company to serve on the association's board of directors.

Form 990, Page 6, Part VI, Line 11B

A draft of the return was reviewed by the president, treasurer and members of the board of directors before finalized.

Form 990, Page 6, Part VI, Line 15A

The president's salary is determined by the development and personnel committee of the board of directors and an independent compensation consultant.

Form 990, Page 6, Part VI, Line 15B

The vice president's salary is determined by the development and personnel committee of the board of directors and an independent compensation consultant.

Form 990, Page 6, Part VI, Line 19

Form 990 available upon request.

Filing and Contact Details

Filer

Filer Name
Indiana Energy Association Inc
EIN
30-0192928
Phone
3176324406
Address
ONE AMERICAN SQUARE SUITE 1600, INDIANAPOLIS, IN 46282

Signing Officer

Name
Danielle Mcgrath
Title
President
Phone
3176324406
Signed
2020-02-21

Organization Details

Principal Officer
Danielle Mcgrath
Formed
2003
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
7

Preparer

Firm
Petrow Kane Leemhuis Pc
Address
8440 WOODFIELD CROSSING 345, INDIANAPOLIS, IN 46240
Preparer
Michael D Barton
Phone
3174524700
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

In consideration of asc 740-10-25 accounting for uncertainties in income taxes, the association has not taken any uncertain tax positions that should be recognized in the accompanying statements of cash receipts and disbursements. The association's 2018, 2017 and 2016 tax returns are subject to examination by the internal revenue service.

Raw XML AppendixShowing 400 of 412 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/RevenueSubtotalAmt02791096
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN CONSIDERATION OF ASC 740-10-25 ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES, THE ASSOCIATION HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT SHOULD BE RECOGNIZED IN THE ACCOMPANYING STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS. THE ASSOCIATION'S 2018, 2017 AND 2016 TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalRevenuePerForm990Amt02791096
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1INDIANA 4-H FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0ASSOCIATION
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IRS990ScheduleI/RecipientTable/RecipientEIN1351097611
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt032 E WASHINGTON ST STE 1650
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1615 WEST STATE ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1WEST LAFAYETTE
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARK MAASSEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1EDWIN SIMCOX
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2TIMOTHY RUSHENBERG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PAST PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CONSULTANT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2PAST VICE PRESIDENT
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0EDWIN SIMCOX
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PAST OFFICER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CONSULTING
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INDIANA ELECTRIC AND NATURAL GAS COMPANIES APPOINT AN EXECUTIVE FROM THE COMPANY TO SERVE ON THE ASSOCIATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBER UTILITY COMPANIES APPOINT AN EXECUTIVE FROM THE COMPANY TO SERVE ON THE ASSOCIATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF THE RETURN WAS REVIEWED BY THE PRESIDENT, TREASURER AND MEMBERS OF THE BOARD OF DIRECTORS BEFORE FINALIZED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT'S SALARY IS DETERMINED BY THE DEVELOPMENT AND PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS AND AN INDEPENDENT COMPENSATION CONSULTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE VICE PRESIDENT'S SALARY IS DETERMINED BY THE DEVELOPMENT AND PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS AND AN INDEPENDENT COMPENSATION CONSULTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990 AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02791096
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IRS990/WebsiteAddressTxt0WWW.INDIANAENERGY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIELLE MCGRATH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03176324406
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDIANA ENERGY ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0INDI
ReturnHeader/Filer/EIN0300192928
ReturnHeader/Filer/PhoneNum03176324406
ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE AMERICAN SQUARE SUITE 1600
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046282
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0416DD46588DECF4848FB172EEA1DF71DCA417263
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F6E15E82CEBF0FED5327AC4E11EACDBC16707114
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0207.67.95.110
ReturnHeader/FilingSecurityInformation/IPDt02020-03-10
ReturnHeader/FilingSecurityInformation/IPTm016:14:53
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263503647
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PETROW KANE LEEMHUIS PC

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