Greater Indianapolis Progress Committee Inc.

990 • Fiscal year 2022 • EIN 35-1109966

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 26, 2022

Organization Profile WWW.INDYGIPC.ORG

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.

0.37x

Higher debt load relative to assets than 79% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

1.37x

Higher debt load relative to revenue than 90% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

15%

Higher net margin than 63% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

$112,000

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 37.3% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

26%

Faster asset growth than 80% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

-2.6%

Faster revenue growth than 36% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet

Liabilities / Assets79th percentile

Assets

$1,123,903

Up $232,702 (+26%) from 2021

Net Assets

$713,044

Up $43,575 (+6.5%) from 2021

Liabilities

$410,859

Up $189,127 (+85%) from 2021

Revenue And Expenses

Liabilities / Revenue90th percentile Net Margin63rd percentile

Revenue

Down

$300,134

Down $8,148 (-2.6%) from 2021

Expenses

Down

$256,559

Down $60,138 (-19%) from 2021

Net Income

$43,575

Up $51,990 (+618%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

Highlighted filing

2022

Assets$1,123,903

Liabilities$410,859

Net Assets$713,044

Open 2022 Filing

Operations Trend

Revenue Growth36th percentile

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

Highlighted filing

2022

Revenue$300,134

Expenses$256,559

Net Income$43,575

Open 2022 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2021 to Jun 30, 2022
Signed: Oct 26, 2022
Return Version: 2021v4.0
Gross Receipts: $326,417

Mission and Program Overview

Mission

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

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Savings and Temporary Cash Investments	$575,369	$584,042	▲ $8,673
Cash and Non-Interest-Bearing Accounts	$94,099	$129,001	▲ $34,902
Total Assets	$891,201	$1,123,903	▲ $232,702
Other Assets Total	$221,733	$410,860	▲ $189,127
Liabilities
Escrow Account Liability	$221,732	$410,859	▲ $189,127
Total Liabilities	$221,732	$410,859	▲ $189,127
Net Assets / Fund Balance
Net Assets Without Donor Restrictions	$656,969	$713,044	▲ $56,075
Net Assets With Donor Restrictions	$12,500	-	-
Total Net Assets Fund Balance	$669,469	$713,044	▲ $43,575
Total Liabilities and Net Assets / Fund Balance	$891,201	$1,123,903	▲ $232,702

Asset Categories

Asset	Book Value	Depreciation	Basis
Other Land Buildings	-	$2,000	$2,000
Other Assets Org	$410,860	-	-

Compensation and Service Providers

Top Officer Pay74th percentile

Employees

Name	Title	Full / Part Time	Base	Total
Emily Koschnick	Executive Di	FT	$112,000	$112,000

Board Members and Trustees

Name	Title
Heather Wilson	Chair
Yvonne Shaheen	Vice Chair
Abbe Hohmann	Director
Al Smith Jr	Director
Alan Tucker	Director
Amanda Bonilla Ms	Director
Amy Levander	Director
Andrew Appel	Director
Andy Crask	Director
Andy Klein	Director
Ann Merkel	Director
Ann Murtlow	Director
Bill Browne	Director
Brandon Brown	Director
Brian Falcon	Director
Brittney Turner	Director
Bryce Bennett Jr	Director
Bud Myers	Director
Carolyn Mosby	Director
Chad Cassinelli	Director
Charlie Hyde	Director
Chip Garver	Director
Chris Pryor	Director
Claire Fiddian-green	Director
Corey Wilson	Director
Dan King	Director
Daryl Graham	Director
Dave Barrett	Director
David Givens	Director
David Graziosi	Director
David Kiley Md Mba	Director
David Mellott	Director
Deana Haworth Apr	Director
Deb Lawrence	Director
Dennis Mcguire	Director
Dennis Sasso	Director
Ellen Saul	Director
Eric Johnson	Director
Erica Wehrmeister	Director
Ersal Ozdemir	Director
Gene Sease	Director
Greg Fehribach	Director
Greg Petrowich	Director
Heather Harris	Director
Inez Evans	Director
James Danko	Director
James Johnson	Director
Jan Clark	Director
Jason Eckerle	Director
Jason Grisell	Director
Jean Wojtowicz	Director
Jeff Gaither	Director
Jeff Harrison	Director
Jen Pittman	Director
Jennifer Burk	Director
Jennifer Dzwonar	Director
Jennifer Pace Robinson	Director
Jill Rose	Director
Joe Barnette	Director
Joe Breen	Director
John Elliott	Director
Juan Gonzalez	Director
Julia Saltsgaver	Director
Kevin Pahud CPA	Director
Kristin Mays-corbitt	Director
Leonard Hoops	Director
Liz Elias	Director
Logan Harrison	Director
Mamon Powers Iii	Director
Marci Reddick	Director
Matt Belanger	Director
Matt Price	Director
Melissa Proffitt	Director
Michael Huber	Director
Misha Rabinowitch	Director
Moira Carlstedt	Director
Nate Feltman	Director
Nichelle Hayes	Director
Pat Early	Director
Paul Babcock	Director
Paul Okeson	Director
Paula Moan	Director
Pete Ward	Director
Robert Herzog	Director
Robert Manuel	Director
Ron Fisher	Director
Samuel Jackson	Director
Scott Bove	Director
Sean Huddleston	Director
Shawn Mulholland	Director
Steve Quick Sr	Director
Tanya Mckinzie	Director
Tim Cook Jd	Director
Tim Wise	Director
Todd Pedersen	Director
Will Lyon	Director
Billie Dragoo	Executive Co
Deborah Daniels	Executive Co
Ken Zagzebski	Executive Co
Maria Wiley Cfe	Executive Co
Mark Bradford	Executive Co
Mary Chandler	Executive Co
Murray Clark	Executive Co
Tiffany Benjamin	Executive Co
Tim Nation	Executive Co
Tony Mason	Executive Co
Tory Castor	Executive Co
Bill Shrewsberry	Secretary
Michael Gargano	Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $273,710
Program Service Revenue: $50,284
Investment Income: $923
Other Revenue: $-24,783
All Other Contributions: $2,260
Change in Net Assets: $43,575

Audited Revenue Reconciliation

Revenue per Audited Statements: $300,134
Revenue Not Reported on Form 990: $26,283
Total Revenue per Audited Statements: $326,417
Total Revenue per Form 990: $300,134

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Salaries, Compensation, and Employee Benefits	$163,855
Other Expenses	$92,704
Total Fundraising Expense	$36,808
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Current Officers, Directors, Trustees, and Key Employees	$84,000	$7,007	$20,993	$112,000
Fees for Services Accounting	$32,318	$19,267	$324	$51,909
Other Salaries and Wages	$15,127	$1,262	$3,780	$20,169
Other Employee Benefits	$12,122	$2,359	$2,588	$17,069
Occupancy	$10,560	$4,061	$1,625	$16,246
Payroll Taxes	$7,180	$1,397	$1,533	$10,110
Office Expenses	$5,795	$460	$769	$7,024
Insurance	$4,254	$1,636	$654	$6,544
Other Expenses	$2,794	$2,420	$200	$5,414
Pension Plan Contributions	$3,201	$623	$683	$4,507
Information Technology	-	-	$3,465	$3,465
Conferences and Meetings	$1,890	$18	$194	$2,102
Total Functional Expenses	$179,241	$40,510	$36,808	$256,559

Audited Expense Reconciliation

Line Item	Amount
Total Expenses per Audited Statements	$282,842
Expenses per Audited Statements	$256,559
Total Expenses per Form 990	$256,559
Expenses Not Reported on Form 990	$26,283

Fundraising, Events, and Gaming

Fundraising activities: Yes
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Fundraising Direct Expenses	$26,283
Fundraising Gross Income	$1,500
Professional Fundraising Fees	$0

Fundraising Events

Event	Gross Receipts	Gross Revenue	Direct Expenses	Net Income
Whistler Awards	$21,150	$1,500	$26,283	$-24,783
Total Events	$21,150	$1,500	$26,283	$-24,783

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Related Organizations and Partnerships

Related Tax-Exempt Organizations

Organization	Location	Activity	Code	Public Charity	Controlled
City of Indianapolis	Indianapolis, IN	CITY GOV'T	501c3	6	No

Transactions with Related Organizations

Organization	Type	Method	Amount
City of Indianapolis	K	Determined by the City	$16,246
City of Indianapolis	N	-	-

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: Heather Wilson
Title: Chair
Phone: 3173273860
Signed: 2022-10-26
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Heather Wilson
Formed: 1964
Legal Domicile: In
Voting Board Members: 108
Independent Board Members: 108
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.”

Form 990, Part XI, Line 9

“Direct fundraising 26,283 direct fundraising -26,283”

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, 2022 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, 2019.”

Schedule D, Page 4, Part XI, Line 2D

“Direct fundraising 26,283”

Schedule D, Page 4, Part XII, Line 2D

“Direct fundraising 26,283”

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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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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	104	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	105	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	106	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	107	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	108	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	109	1.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	90	X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	98	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	99	X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	20	0
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	23	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	24	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	25	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	26	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	27	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	28	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	29	0
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	31	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	32	0
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	61	0
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	67	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	68	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	69	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	70	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	71	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	72	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	73	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	74	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	75	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	76	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	77	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	78	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	79	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	80	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	81	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	82	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	83	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	84	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	85	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	86	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	87	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	88	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	89	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	90	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	91	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	92	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	93	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	94	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	95	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	96	0

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $1,123,903
Liabilities: $410,859
Net assets: $713,044
Revenue: $300,134
Expenses: $256,559
Net income: $43,575

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.	$4.76	$0.38	$4.38	$0.68	$1.03	$0.35
2024Detailed filing. Detailed filing data is available for this year.	$5.32	$0.59	$4.73	$0.62	$0.69	$0.07
2023Detailed filing. Detailed filing data is available for this year.	$5.23	$0.44	$4.80	$4.43	$0.35	$4.08
2022Detailed filing. Detailed filing data is available for this year.	$1.12	$0.41	$0.71	$0.30	$0.26	$0.04
2021Detailed filing. Detailed filing data is available for this year.	$0.89	$0.22	$0.67	$0.31	$0.32	$0.01
2020Detailed filing. Detailed filing data is available for this year.	$2.10	$1.43	$0.68	$0.38	$0.32	$0.06
2019Detailed filing. Detailed filing data is available for this year.	$0.95	$0.34	$0.62	$0.29	$0.30	$0.01
2018Detailed filing. Detailed filing data is available for this year.	$1.04	$0.41	$0.63	$0.30	$0.32	$0.01