Civic Intelligence

Indiana Economic Development Association Inc

990 • Fiscal year 2018 • EIN 35-1561269

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 24, 2019

125 West Market Street No 300Indianapolis, IN 46204

(317) 454-7013

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.54x

Higher debt load relative to assets than 93% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

0.29x

Higher debt load relative to revenue than 89% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Net Margin

25th percentile

-7.9%

Higher net margin than 25% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

96th percentile

$98,800

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 24.2% of source-year revenue.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Asset Growth

21st percentile

-15%

Faster asset growth than 21% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

28th percentile

-10.0%

Faster revenue growth than 28% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$216,641

Down $38,328 (-15%) from 2017

Net Assets

Down

$99,155

Down $32,370 (-25%) from 2017

Liabilities

Down

$117,486

Down $5,958 (-4.8%) from 2017

Revenue

Down

$408,744

Down $45,306 (-10.0%) from 2017

Expenses

Down

$441,114

Down $21,142 (-4.6%) from 2017

Net Income

Down

-$32,370

Down $24,164 (-294%) from 2017

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2013: $223,151Liabilities 2013: $97,355Net Assets 2013: $125,7962013Assets 2014: $212,789Liabilities 2014: $79,590Net Assets 2014: $133,1992014Assets 2015: $217,718Liabilities 2015: $86,627Net Assets 2015: $131,0912015Assets 2016: $212,346Liabilities 2016: $72,615Net Assets 2016: $139,7312016Assets 2017: $254,969Liabilities 2017: $123,444Net Assets 2017: $131,5252017Assets 2018: $216,641Liabilities 2018: $117,486Net Assets 2018: $99,1552018Assets 2019: $203,037Liabilities 2019: $120,576Net Assets 2019: $82,4612019Assets 2020: $137,326Liabilities 2020: $80,144Net Assets 2020: $57,1822020Assets 2021: $240,859Liabilities 2021: $136,939Net Assets 2021: $103,9202021Assets 2022: $182,417Liabilities 2022: $114,144Net Assets 2022: $68,2732022Assets 2023: $203,760Liabilities 2023: $143,963Net Assets 2023: $59,7972023Assets 2024: $262,404Liabilities 2024: $170,906Net Assets 2024: $91,4982024

Highlighted filing

2018

Assets$216,641
Liabilities$117,486
Net Assets$99,155

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2013: $335,559Expenses 2013: $433,239Net Income 2013: -$97,6802013Revenue 2014: $398,349Expenses 2014: $390,946Net Income 2014: $7,4032014Revenue 2015: $409,366Expenses 2015: $411,474Net Income 2015: -$2,1082015Revenue 2016: $441,314Expenses 2016: $432,674Net Income 2016: $8,6402016Revenue 2017: $454,050Expenses 2017: $462,256Net Income 2017: -$8,2062017Revenue 2018: $408,744Expenses 2018: $441,114Net Income 2018: -$32,3702018Revenue 2019: $332,256Expenses 2019: $348,950Net Income 2019: -$16,6942019Revenue 2020: $245,760Expenses 2020: $271,039Net Income 2020: -$25,2792020Revenue 2021: $330,277Expenses 2021: $283,539Net Income 2021: $46,7382021Revenue 2022: $366,364Expenses 2022: $402,011Net Income 2022: -$35,6472022Revenue 2023: $370,084Expenses 2023: $378,560Net Income 2023: -$8,4762023Revenue 2024: $405,177Expenses 2024: $373,476Net Income 2024: $31,7012024

Highlighted filing

2018

Revenue$408,744
Expenses$441,114
Net Income-$32,370
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 24, 2019
Return Version
2018v3.1
Gross Receipts
$474,489
Mission and Program Overview

Mission

To promote and improve the quality of economic development throughout the state of indiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$84,927$91,646▲ $6,719
Cash and Non-Interest-Bearing Accounts$52,454$80,907▲ $28,453
Savings and Temporary Cash Investments$106,735$34,808▼ $71,927
Prepaid Expenses and Deferred Charges$10,853$9,280▼ $1,573
Total Assets$254,969$216,641▼ $38,328
Liabilities
Deferred Revenue$83,564$74,430▼ $9,134
Accounts Payable and Accrued Expenses$30,111$33,322▲ $3,211
Other Liabilities$9,769$9,734▼ $35
Total Liabilities$123,444$117,486▼ $5,958
Net Assets / Fund Balance
Unrestricted Net Assets$131,525$99,155▼ $32,370
Total Net Assets Fund Balance$131,525$99,155▼ $32,370
Total Liabilities and Net Assets / Fund Balance$254,969$216,641▼ $38,328
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lee LewellenChief Executive OfficerFT$98,800$98,800

Board Members and Trustees

NameTitle
Keith GillenwaterImmediate Past President
Wendy Dant ChesserPresident
Heather EnnisVice President
B Todd MosbyDirector
Brian GildeaDirector
Chelsey MannsDirector
Christy HouseholderDirector
Kent UttDirector
Mindy KenworthyDirector
Terri RandallDirector
Valerie ShafferDirector
Jill EwingChief Operations Officer
Jim FinanSecretary
Heidi AmspaughTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$398,519
Investment Income
$65
Other Revenue
$10,160
Change in Net Assets
$-32,370
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$342,314
Salaries, Compensation, and Employee Benefits$98,800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$179,154
Current Officers, Directors, Trustees, and Key Employees---$98,800
Fees for Services Management---$93,000
Fees for Services Lobbying---$48,376
Travel---$11,772
Insurance---$2,125
Fees for Services Accounting---$1,138
Information Technology---$249
Office Expenses---$108
Other Expenses---$3
Total Functional Expenses$0$0$0$441,114
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$73,705
Fundraising Direct Expenses$65,745
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
50th Anniversary Gala$73,705$73,705$41,228$32,477
Total Events$73,705$73,705$65,745$7,960
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$5,176
Total Nondeductible Lobbying and Political Cost$5,176
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$9,734
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The day to day management of the indiana economic development association was performed by the corydon group. This included overseeing nearly all aspects of the association including financial reporting.

Form 990, Part VI, Section A, Line 6

The association has members that are individuals and organizations that are engaged in or have an interest in economic development activities.

Form 990, Part VI, Section A, Line 7A

The members of the organization meet annually to elect officers and directors of the association.

Form 990, Part VI, Section B, Line 11B

The board of directors reviews a copy of form 990 prior to the return being filed.

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

The officers and directors must disclose at least annually any conflicts of interest that may exist. The board of directors take necessary action to resolve any conflicts that arise.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, financial statements and tax returns available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Indiana Economic Development
EIN
35-1561269
Phone
3174547013
Address
125 WEST MARKET STREET NO 300, INDIANAPOLIS, IN 46204

Signing Officer

Name
Jill Ewing
Title
Chief Operations Officer
Phone
3174547013
Signed
2019-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lee Lewellen
Formed
1982
Legal Domicile
In
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
68

Preparer

Firm
Mcm Cpas & Advisors Llp
Address
6840 EAGLE HIGHLANDS WAY, INDIANAPOLIS, IN 46254
Preparer
Christine Keith CPA
Phone
3173475200
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IRS990/PYOtherRevenueAmt011600
IRS990/PYProgramServiceRevenueAmt0442346
IRS990/PYRevenuesLessExpensesAmt0-8206
IRS990/PYSalariesCompEmpBnftPaidAmt098400
IRS990/PYTotalExpensesAmt0462256
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0454050
IRS990/ReconcilationRevenueExpnssAmt0-32370
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0106735
IRS990/SavingsAndTempCashInvstGrp/EOYAmt034808
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AggregateReportedDuesNtcAmt027482
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/DuesAssessmentsAmt0109927
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt05176
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt05176
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleC/TaxableAmt0-22306
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09734
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt09734
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt065745
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm050TH ANNIVERSARY GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt073705
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt073705
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt073705
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt073705
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt07960
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt041228
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt041228
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt024517
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt024517
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DAY TO DAY MANAGEMENT OF THE INDIANA ECONOMIC DEVELOPMENT ASSOCIATION WAS PERFORMED BY THE CORYDON GROUP. THIS INCLUDED OVERSEEING NEARLY ALL ASPECTS OF THE ASSOCIATION INCLUDING FINANCIAL REPORTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION HAS MEMBERS THAT ARE INDIVIDUALS AND ORGANIZATIONS THAT ARE ENGAGED IN OR HAVE AN INTEREST IN ECONOMIC DEVELOPMENT ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE ORGANIZATION MEET ANNUALLY TO ELECT OFFICERS AND DIRECTORS OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS A COPY OF FORM 990 PRIOR TO THE RETURN BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE OFFICERS AND DIRECTORS MUST DISCLOSE AT LEAST ANNUALLY ANY CONFLICTS OF INTEREST THAT MAY EXIST. THE BOARD OF DIRECTORS TAKE NECESSARY ACTION TO RESOLVE ANY CONFLICTS THAT ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND TAX RETURNS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0254969
IRS990/TotalAssetsEOYAmt0216641
IRS990/TotalAssetsGrp/BOYAmt0254969
IRS990/TotalAssetsGrp/EOYAmt0216641
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0441114
IRS990/TotalGrossUBIAmt02200
IRS990/TotalLiabilitiesBOYAmt0123444
IRS990/TotalLiabilitiesEOYAmt0117486
IRS990/TotalLiabilitiesGrp/BOYAmt0123444
IRS990/TotalLiabilitiesGrp/EOYAmt0117486
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0131525
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt099155
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0398519
IRS990/TotalReportableCompFromOrgAmt098800
IRS990/TotalRevenueGrp/ExclusionAmt08025
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0398519
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0408744
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02200
IRS990/TotalVolunteersCnt068
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0254969
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0216641
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt011772
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0131525
IRS990/UnrestrictedNetAssetsGrp/EOYAmt099155
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0125 WEST MARKET STREET NO 300
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046204
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.IEDA.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JILL EWING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF OPERATIONS OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum03174547013
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDIANA ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0INDI
ReturnHeader/Filer/EIN0351561269
ReturnHeader/Filer/PhoneNum03174547013
ReturnHeader/Filer/USAddress/AddressLine1Txt0125 WEST MARKET STREET NO 300
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046204
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0CDDF65D8D10FD13048C5486F805CA8E9256D9F3D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01F47E9421C88D12564351B88FC61C424DF0F23EA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.135.99.226
ReturnHeader/FilingSecurityInformation/IPDt02019-10-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm011:55:10
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271235638
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCM CPAS & ADVISORS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06840 EAGLE HIGHLANDS WAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046254
ReturnHeader/PreparerPersonGrp/PhoneNum03173475200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTINE KEITH CPA
ReturnHeader/ReturnTs02019-11-11T10:17:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$1.71$0.91$4.05$3.73$0.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.04$1.44$0.60$3.70$3.79$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$1.14$0.68$3.66$4.02$0.36
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.41$1.37$1.04$3.30$2.84$0.47
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.80$0.57$2.46$2.71$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.03$1.21$0.82$3.32$3.49$0.17
2018Detailed filing. Detailed filing data is available for this year.$2.17$1.17$0.99$4.09$4.41$0.32
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.55$1.23$1.32$4.54$4.62$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$0.73$1.40$4.41$4.33$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.18$0.87$1.31$4.09$4.11$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.13$0.80$1.33$3.98$3.91$0.07
2013Detailed filing. Detailed filing data is available for this year.$2.23$0.97$1.26$3.36$4.33$0.98
Peer Organizations

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