Civic Intelligence

Greater Indianapolis Progress Committee Inc.

990 • Fiscal year 2024 • EIN 35-1109966

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 06, 2024

Organization ProfileINDYGIPC.ORG

View Organization Page

200 E Washington Street 1721Indianapolis, IN 46204

(317) 327-3860

Siviq Scores

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

Liabilities / Assets

48th percentile

0.11x

Higher debt load relative to assets than 48% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.96x

Higher debt load relative to revenue than 84% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

18th percentile

-12%

Higher net margin than 18% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$140,837

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 22.8% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

39th percentile

1.6%

Faster asset growth than 39% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-86%

Faster revenue growth than 1% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$5,320,025

Up $85,872 (+1.6%) from 2023

Net Assets

Down

$4,725,226

Down $71,548 (-1.5%) from 2023

Liabilities

Up

$594,799

Up $157,420 (+36%) from 2023

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin18th percentile

Revenue

Down

$616,871

Down $3,813,558 (-86%) from 2023

Expenses

Up

$688,419

Up $341,721 (+99%) from 2023

Net Income

Down

-$71,548

Down $4,155,279 (-102%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

2024

Assets$5,320,025
Liabilities$594,799
Net Assets$4,725,226
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

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

2024

Revenue$616,871
Expenses$688,419
Net Income-$71,548
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 6, 2024
Return Version
2023v5.1
Gross Receipts
$616,871
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,999,833$3,121,586▲ $121,753
Savings and Temporary Cash Investments$1,772,802$1,578,247▼ $194,555
Cash and Non-Interest-Bearing Accounts$24,139$25,393▲ $1,254
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$5,234,153$5,320,025▲ $85,872
Other Assets Total$437,379$594,799▲ $157,420
Liabilities
Escrow Account Liability$437,379$594,799▲ $157,420
Total Liabilities$437,379$594,799▲ $157,420
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,958,000$3,622,531▼ $335,469
Net Assets Without Donor Restrictions$838,774$1,102,695▲ $263,921
Total Net Assets Fund Balance$4,796,774$4,725,226▼ $71,548
Total Liabilities and Net Assets / Fund Balance$5,234,153$5,320,025▲ $85,872

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$2,000$2,000
Other Assets Org$594,799--
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleBaseOtherTotal
Emily KoschnickExecutive Director$110,636$30,201$140,837

Board Members and Trustees

NameTitle
Heather WilsonChair
Yvonne ShaheenVice Chair
Abbe HohmannDirector
Adam BurtnerDirector
Alan BaconDirector
Alan TuckerDirector
Alice WatsonDirector
Amanda BonillaDirector
Amy LevanderDirector
Amy WaggonerDirector
Andrew AppelDirector
Bill BrowneDirector
Brad EhrlichDirector
Brandon BrownDirector
Brett MichaudDirector
Brett QuandtDirector
Brian FalconDirector
Brittney TurnerDirector
Bryce Bennett JrDirector
Chad CassinelliDirector
Charlie HydeDirector
Chip GarverDirector
Chris CreightonDirector
Chris PryorDirector
Corey WilsonDirector
Dan KingDirector
Dave BarrettDirector
David LachDirector
David MellottDirector
David RoseDirector
Deana HaworthDirector
Demetrius GloverDirector
Dennis SassoDirector
Donald MorganDirector
Ellen SaulDirector
Emily KruegerDirector
Eric GershmanDirector
Eric JohnsonDirector
Eric ScrogginsDirector
Erik MinerDirector
Erin ShawDirector
FU'AD BUTTDirector
Fred GlassDirector
Fred PayneDirector
Greg PetrowichDirector
Gregory HillDirector
Heather HarrisDirector
J Albert SmithDirector
James DankoDirector
James JohnsonDirector
Jan ClarkDirector
Jane EverettDirector
Jason EckerleDirector
Jason GrisellDirector
Jean WojtowiczDirector
Jeff GaitherDirector
Jeff HarrisonDirector
Jennifer BurkDirector
Jennifer DzwonarDirector
Jennifer Pace RobinsonDirector
Jennifer PyrzDirector
Jeremy StephensonDirector
Jim SchachtDirector
Joseph WiltroutDirector
Juan GonzalezDirector
Julia SaltsgaverDirector
Julie GoodmanDirector
Justin SorrellDirector
Kathryn HaighDirector
Kevin PahudDirector
Kristin Mays-corbittDirector
Latha RamchandDirector
Leonard HoopsDirector
Lindsey ScottDirector
Liz EliasDirector
Mamon PowersDirector
Matt BelangerDirector
Matt CarlstedtDirector
Matt MindrumDirector
Meg ChristensenDirector
Melissa ProffittDirector
Michael GarganoDirector
Michael HoganDirector
Michael J StewartDirector
Michael KubackiDirector
Mike CunninghamDirector
Misha RabinowitchDirector
Nate FeltmanDirector
Patrick TaltyDirector
Paul BabcockDirector
Paula MoanDirector
Perry HinesDirector
Pete WardDirector
Portia Bailey-benardDirector
Randy LewandowskiDirector
Robert ShegogDirector
Scott BoveDirector
Shawn MulhollandDirector
Steve QuickDirector
Susan Brock WilliamsDirector
Suzanne SweeneyDirector
Tammy Butler RobinsonDirector
Tanuja SinghDirector
Thomas UrickDirector
Tim CookDirector
Tim WiseDirector
Tina CloerDirector
Tony KnobleDirector
Will LyonDirector
Billie DragooExecutive Committee
Deborah DanielsExecutive Committee
Gina MillerExecutive Committee
Ken ZagzebskiExecutive Committee
Maria WileyExecutive Committee
Murray ClarkExecutive Committee
Tim NationExecutive Committee
Tony MasonExecutive Committee
Tory Callaghan CastorExecutive Committee
Bill ShrewsberrySecretary
Brian HenningTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Community Solutions INCProgram Operations10 S NEW JERSEY ST SUITE 300, Indianapolis, IN 46240$973,789
Revenue and Support

Revenue Composition

Contributions and Grants
$309,900
Program Service Revenue
$82,286
Investment Income
$224,685
Other Revenue
$0
All Other Contributions
$48,300
Change in Net Assets
$-71,548

Audited Revenue Reconciliation

Revenue per Audited Statements
$607,005
Revenue Not Reported on Financial Statements
$9,866
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$607,005
Total Revenue per Form 990
$616,871
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$449,692
Salaries, Compensation, and Employee Benefits$238,727
Total Fundraising Expense$72,483
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$117,638$10,070$29,143$156,851
Other Employee Benefits$38,273$2,934$8,447$49,654
Fees for Services Other$26,005$17,160$249$43,414
Fees for Services Accounting$16,856$11,123$162$28,141
Occupancy$17,536$1,410$4,400$23,346
Other Salaries and Wages$14,368$1,230$3,558$19,156
Payroll Taxes$9,799$839$2,428$13,066
Office Expenses$8,154$655$2,047$10,856
Conferences and Meetings$10,168$85$252$10,505
Fees for Service Investment Mgmnt Fees-$9,866-$9,866
Insurance-$6,843-$6,843
Other Expenses$3,257$3,177$185$6,619
Information Technology--$4,366$4,366
Travel$3,786$32$95$3,913
Total Functional Expenses$550,512$65,424$72,483$688,419

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$688,419
Expenses per Audited Statements$678,553
Total Expenses per Audited Statements$678,553
Expenses Not Reported on Financial Statements$9,866
Expenses Not Reported on Form 990$0
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
Backup withholding compliance
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, Part VI, Section B, Line 11B

“The executive committee reviews form 990.”

Form 990, Part VI, Section B, Line 12C

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

Form 990, Part VI, Section B, Line 15

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

Form 990, Part VI, Section C, Line 19

“Documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Greater Indianapolis Progress
EIN
35-1109966
Phone
3173273860
Address
200 E WASHINGTON STREET 1721, INDIANAPOLIS, IN 46204

Signing Officer

Name
Heather Wilson
Title
Chair
Phone
3173273860
Signed
2024-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heather Wilson
Formed
1964
Legal Domicile
In
Voting Board Members
120
Independent Board Members
120
Employees
2
Volunteers
120

Preparer

Firm
Blue & Co LLC
Address
12800 N MERIDIAN ST STE 400, CARMEL, IN 46032
Preparer
Cory Schunemann CPA
Phone
3178488920
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART IV, LINE 2B:

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

PART X, LINE 2:

“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, 2024 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, 2021.”

Raw XML AppendixShowing 400 of 1,270 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.

Path#Value
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IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
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IRS990/BooksInCareOfDetail/PhoneNum03173273860
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IRS990/BooksInCareOfDetail/USAddress/CityNm0INDIANAPOLIS
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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,320,025
Liabilities
$594,799
Net assets
$4,725,226
Revenue
$616,871
Expenses
$688,419
Net income
-$71,548
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet 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