Civic Intelligence

Greater Indianapolis Progress Committee Inc.

990 • Fiscal year 2021 • EIN 35-1109966

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 15, 2021

200 E Washington Street Ste 1901Indianapolis, IN 46204

(317) 327-3860

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.25x

Higher debt load relative to assets than 77% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

88th percentile

0.72x

Higher debt load relative to revenue than 88% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

24th percentile

-2.7%

Higher net margin than 24% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

92nd percentile

$128,015

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 41.5% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

2nd percentile

-58%

Faster asset growth than 2% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

17th percentile

-20%

Faster revenue growth than 17% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$891,201

Down $1,212,415 (-58%) from 2020

Net Assets

Down

$669,469

Down $8,415 (-1.2%) from 2020

Liabilities

Down

$221,732

Down $1,204,000 (-84%) from 2020

Revenue

Down

$308,282

Down $75,189 (-20%) from 2020

Expenses

Down

$316,697

Down $6,423 (-2.0%) from 2020

Net Income

Down

-$8,415

Down $68,766 (-114%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2018: $1,039,180Liabilities 2018: $410,377Net Assets 2018: $628,8032018Assets 2019: $953,979Liabilities 2019: $336,446Net Assets 2019: $617,5332019Assets 2020: $2,103,616Liabilities 2020: $1,425,732Net Assets 2020: $677,8842020Assets 2021: $891,201Liabilities 2021: $221,732Net Assets 2021: $669,4692021Assets 2022: $1,123,903Liabilities 2022: $410,859Net Assets 2022: $713,0442022Assets 2023: $5,234,153Liabilities 2023: $437,379Net Assets 2023: $4,796,7742023Assets 2024: $5,320,025Liabilities 2024: $594,799Net Assets 2024: $4,725,2262024Assets 2025: $4,758,952Liabilities 2025: $383,947Net Assets 2025: $4,375,0052025

Highlighted filing

2021

Assets$891,201
Liabilities$221,732
Net Assets$669,469

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $303,959Expenses 2018: $318,384Net Income 2018: -$14,4252018Revenue 2019: $286,041Expenses 2019: $297,311Net Income 2019: -$11,2702019Revenue 2020: $383,471Expenses 2020: $323,120Net Income 2020: $60,3512020Revenue 2021: $308,282Expenses 2021: $316,697Net Income 2021: -$8,4152021Revenue 2022: $300,134Expenses 2022: $256,559Net Income 2022: $43,5752022Revenue 2023: $4,430,429Expenses 2023: $346,698Net Income 2023: $4,083,7312023Revenue 2024: $616,871Expenses 2024: $688,419Net Income 2024: -$71,5482024Revenue 2025: $681,865Expenses 2025: $1,032,086Net Income 2025: -$350,2212025

Highlighted filing

2021

Revenue$308,282
Expenses$316,697
Net Income-$8,415
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$308,282
Mission and Program Overview

Mission

To promote the growth and development of the city of indianapolis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$593,675$575,369▼ $18,306
Cash and Non-Interest-Bearing Accounts$84,209$94,099▲ $9,890
Total Assets$2,103,616$891,201▼ $1,212,415
Other Assets Total$1,425,732$221,733▼ $1,203,999
Liabilities
Escrow Account Liability$1,425,732$221,732▼ $1,204,000
Total Liabilities$1,425,732$221,732▼ $1,204,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$677,884$656,969▼ $20,915
Net Assets With Donor Restrictions-$12,500-
Total Net Assets Fund Balance$677,884$669,469▼ $8,415
Total Liabilities and Net Assets / Fund Balance$2,103,616$891,201▼ $1,212,415

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$2,000$2,000
Other Assets Org$221,733--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth L WhiteExecutive DiFT$121,268$6,747$128,015

Board Members and Trustees

NameTitle
Mary T ChandlerChair
Deborah DanielsPast Chair
J Murray ClarkPast Chair
Yvonne ShaheenVice Chair
Abbe HohmannDirector
Alan TuckerDirector
Andrew AppelDirector
Andrew CraskDirector
Ann MerkelDirector
Bill BrowneDirector
Brandon BrownDirector
Bryce BennettDirector
Carolyn MosbyDirector
Chad CassinelliDirector
Charles HydeDirector
Chip GarverDirector
Chris PryorDirector
Claire Fiddian-greenDirector
Connie Bond StuartDirector
Corey WilsonDirector
Daniel KingDirector
Daryl GrahamDirector
Dave BarrettDirector
David GivensDirector
David GraziosiDirector
David KileyDirector
David MellottDirector
Deana HaworthDirector
Deborah LawrenceDirector
Dennis SassoDirector
Derrick StewartDirector
Ellen SaulDirector
Eric JohnsonDirector
Erica WehrmeisterDirector
Ersal OzdemirDirector
Fred Fehsenfeld JrDirector
Gene SeaseDirector
Greg FennigDirector
Gregory FehribachDirector
Gregory PetrowichDirector
Inez EvansDirector
J Albert Smith JrDirector
James DankoDirector
James JohnsonDirector
Jan ClarkDirector
Jason GrisellDirector
Jean WojtowiczDirector
Jeffrey GaitherDirector
Jeffrey HarrisonDirector
Jeffrey PatchenDirector
Jennifer BurkDirector
Jennifer DzwonarDirector
Jennifer PittmanDirector
Jill LacyDirector
Jill RoseDirector
Joan ServaasDirector
John CorbinDirector
John ElliottDirector
John P RyanDirector
John ThompsonDirector
Joseph BarnetteDirector
Juan GonzalezDirector
Julia SaltsgaverDirector
Kathleen LeeDirector
Kristin Mays-corbittDirector
Leonard HoopsDirector
Logan HarrisonDirector
M Jacqueline NytesDirector
Mamon Powers IiiDirector
Marci ReddickDirector
Matt BelangerDirector
Matthew PriceDirector
Melissa ProffittDirector
Michael HuberDirector
Michael Misha RabinowitchDirector
Moira CarlstedtDirector
Nasser PaydarDirector
Nathan FeltmanDirector
Patrick EarlyDirector
Paul BabcockDirector
Paula MoanDirector
Pete WardDirector
Phil TerryDirector
Robert HerzogDirector
Robert ManuelDirector
Ron FisherDirector
Rosie FoulkeDirector
Rufus Bud MyersDirector
Sabra NorthamDirector
Samuel JacksonDirector
Scott BoveDirector
Sean HuddlestonDirector
Shawn MulhollandDirector
Steven QuickDirector
Tanya MckinzieDirector
Tim CookDirector
Todd PedersenDirector
Troy GilstorfDirector
Wayne SchmidtDirector
William LyonDirector
Anthony MasonExecutive Co
Billie DragooExecutive Co
Heather WilsonExecutive Co
J Victoria CastorExecutive Co
Ken ZagzebskiExecutive Co
Maria WileyExecutive Co
Mark BradfordExecutive Co
Tiffany BenjaminExecutive Co
Tim NationExecutive Co
William ShrewsberrySecretary
Michael GarganoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$289,700
Program Service Revenue
$16,637
Investment Income
$1,945
Other Revenue
$0
All Other Contributions
$36,250
Change in Net Assets
$-8,415

Audited Revenue Reconciliation

Revenue per Audited Statements
$308,282
Total Revenue per Audited Statements
$308,282
Total Revenue per Form 990
$308,282
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$207,908
Other Expenses$108,789
Total Fundraising Expense$48,811
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$96,011$8,279$23,725$128,015
Fees for Services Accounting$47,542$19,505$339$67,386
Other Salaries and Wages$37,786$3,258$9,337$50,381
Occupancy$12,404$1,068$3,067$16,539
Payroll Taxes$9,848$849$2,434$13,131
Office Expenses$7,663$521$1,491$9,675
Pension Plan Contributions$6,398$551$1,581$8,530
Other Employee Benefits$5,888$508$1,455$7,851
Insurance$4,374$377$1,082$5,833
Conferences and Meetings$1,595$105$300$2,000
Other Expenses$300$709$200$300
Total Functional Expenses$232,156$35,730$48,811$316,697

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$316,697
Total Expenses per Audited Statements$316,697
Total Expenses per Form 990$316,697
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
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
Yes
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 11B

The executive committee reviews form 990.

Form 990, Page 6, Part VI, Line 12C

Board members sign a statement acknowledging the understanding and agreement to the policy.

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

Compensation of the executive director is reviewed and approved by the executive committee.

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

Compensation of key employees is reviewed and approved by the executive committee.

Form 990, Page 6, Part VI, Line 19

Documents are available to the public upon requests.

Filing and Contact Details

Filer

Filer Name
Greater Indianapolis Progress
EIN
35-1109966
Phone
3173273860
Address
200 E WASHINGTON STREET STE 1901, INDIANAPOLIS, IN 46204

Signing Officer

Name
Mary T Chandler
Title
Chair
Phone
3173273860
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary T Chandler
Formed
1964
Legal Domicile
In
Voting Board Members
111
Independent Board Members
111
Employees
2

Preparer

Firm
Alerding CPA Group
Address
4181 E 96TH ST STE 180, INDIANAPOLIS, IN 46240
Preparer
Lou Ann Taylor CPA
Phone
3175694181
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The greater indianapolis progress committee exists to provide a non- partisan forum in which leaders of the public and private sectors of indianapolis can work as partners to study, discuss and address issues of concern and areas of opportunity which affect the progress of the city.

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The organization serves as the fiscal administrator of various community events.

Schedule D, Page 3, Part X

The organization evaluates all significant tax positions to ensure compliance with the exempt purpose of the organization as required by u.s. Gaap, including consideration of any unrelated business income tax. As of june 30, 2021 the organization does not believe it has taken any tax positions that are not in compliance with the exempt purpose of the organization. The organization's federal and state tax returns remain open and subject to examination beginning with the tax year ended june 30, 2018.

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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd90X
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
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IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt530
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt610
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt630
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt640
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt650
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt690
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt710
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt720
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt730
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt810
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt830
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt890
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt900
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt910
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt920
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt930

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