Civic Intelligence

Indianapolis Private Industry Council

EIN 35-1569069 • 501(c)3 • Indianapolis, IN

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Profile

The indianapolis private industry council, inc, doing business as employindy, the workforce investment board for marion county, is a not-for-profit corporation responsible for the development of the marion county workforce employindy convenes community leaders to address workforce development issues, and strategically coordinates funding from federal, state, and private sources to develop a diverse, prepares workforce that meets the needs of existing and potential employers employindy oversees and implements federal, state and local workforce development activities for marion county, indiana.

101 W Washington St 1200 EastIndianapolis, IN 46204

www.employindy.org

Siviq Scores

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

Liabilities / Assets

64th percentile

0.37x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

36th percentile

0.16x

Higher debt load relative to revenue than 36% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

28th percentile

-2.3%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

48th percentile

$254,264

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

7th percentile

-12%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

33%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$11,612,669

Down $1,562,903 (-12%) from 2023

Liabilities

Down

$4,278,503

Down $1,035,482 (-19%) from 2023

Net Assets

Down

$7,334,166

Down $527,421 (-6.7%) from 2023

Operations
Liabilities / Revenue36th percentileNet Margin28th percentile

Revenue

Up

$26,225,158

Up $6,496,008 (+33%) from 2023

Expenses

Up

$26,831,299

Up $3,821,221 (+17%) from 2023

Net Income

Up

-$606,141

Up $2,674,787 (+82%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth7th percentile

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

$15M$10M$5.0M$0Assets 2010: $4,164,588Liabilities 2010: $1,861,309Net Assets 2010: $2,303,2792010Assets 2011: $3,301,485Liabilities 2011: $2,312,964Net Assets 2011: $988,5212011Assets 2012: $2,708,992Liabilities 2012: $1,647,856Net Assets 2012: $1,061,1362012Assets 2013: $4,352,127Liabilities 2013: $3,251,417Net Assets 2013: $1,100,7102013Assets 2014: $4,910,667Liabilities 2014: $2,655,340Net Assets 2014: $2,255,3272014Assets 2015: $3,375,268Liabilities 2015: $1,368,223Net Assets 2015: $2,007,0452015Assets 2016: $2,649,887Liabilities 2016: $1,632,532Net Assets 2016: $1,017,3552016Assets 2017: $3,025,912Liabilities 2017: $2,264,799Net Assets 2017: $761,1132017Assets 2018: $6,954,751Liabilities 2018: $1,975,031Net Assets 2018: $4,979,7202018Assets 2019: $7,145,431Liabilities 2019: $2,361,802Net Assets 2019: $4,783,6292019Assets 2020: $7,195,768Liabilities 2020: $2,020,176Net Assets 2020: $5,175,5922020Assets 2022: $12,926,425Liabilities 2022: $1,799,588Net Assets 2022: $11,126,8372022Assets 2023: $13,175,572Liabilities 2023: $5,313,985Net Assets 2023: $7,861,5872023Assets 2024: $11,612,669Liabilities 2024: $4,278,503Net Assets 2024: $7,334,1662024

Highlighted filing

2024

Assets$11,612,669
Liabilities$4,278,503
Net Assets$7,334,166
Open 2024 Filing

Operations Trend

Revenue Growth80th percentile

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

$30M$20M$10M$0-$10MExpenses 2010: $16,645,8382010Expenses 2011: $16,500,4522011Expenses 2012: $16,456,2422012Expenses 2013: $14,611,6982013Revenue 2014: $13,262,610Expenses 2014: $12,107,993Net Income 2014: $1,154,6172014Revenue 2015: $12,968,365Expenses 2015: $13,216,647Net Income 2015: -$248,2822015Revenue 2016: $12,264,878Expenses 2016: $13,254,568Net Income 2016: -$989,6902016Revenue 2017: $15,734,444Expenses 2017: $15,990,686Net Income 2017: -$256,2422017Revenue 2018: $21,247,276Expenses 2018: $17,028,669Net Income 2018: $4,218,6072018Revenue 2019: $14,128,058Expenses 2019: $14,322,164Net Income 2019: -$194,1062019Revenue 2020: $15,248,899Expenses 2020: $14,856,936Net Income 2020: $391,9632020Revenue 2022: $27,354,092Expenses 2022: $21,811,425Net Income 2022: $5,542,6672022Revenue 2023: $19,729,150Expenses 2023: $23,010,078Net Income 2023: -$3,280,9282023Revenue 2024: $26,225,158Expenses 2024: $26,831,299Net Income 2024: -$606,1412024

Highlighted filing

2024

Revenue$26,225,158
Expenses$26,831,299
Net Income-$606,141
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$11,612,669
Liabilities
$4,278,503
Net assets
$7,334,166
Revenue
$26,225,158
Expenses
$26,831,299
Net income
-$606,141
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.6$4.28$7.33$26.2$26.8$0.61
2023Detailed filing. Detailed filing data is available for this year.$13.2$5.31$7.86$19.7$23.0$3.28
2022Detailed filing. Detailed filing data is available for this year.$12.9$1.80$11.1$27.4$21.8$5.54
2020Detailed filing. Detailed filing data is available for this year.$7.20$2.02$5.18$15.2$14.9$0.39
2019Detailed filing. Detailed filing data is available for this year.$7.15$2.36$4.78$14.1$14.3$0.19
2018Detailed filing. Detailed filing data is available for this year.$6.95$1.98$4.98$21.2$17.0$4.22
2017Detailed filing. Detailed filing data is available for this year.$3.03$2.26$0.76$15.7$16.0$0.26
2016Detailed filing. Detailed filing data is available for this year.$2.65$1.63$1.02$12.3$13.3$0.99
2015Detailed filing. Detailed filing data is available for this year.$3.38$1.37$2.01$13.0$13.2$0.25
2014Detailed filing. Detailed filing data is available for this year.$4.91$2.66$2.26$13.3$12.1$1.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.35$3.25$1.10$14.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$1.65$1.06$16.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$2.31$0.99$16.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.16$1.86$2.30$16.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$26,225,158
Mission and Program Overview

Mission

The indianapolis private industry council, inc., doing business as employindy, the workforce investment board for marion county, is a not-for-profit corporation responsible for the development of the marion county workforce. Employindy convenes community leaders to address workforce development issues; and strategically coordinates funding from federal, state and private sources to develop a diverse, prepared workforce that meets the needs of existing and potential employers. Employindy oversees and implements federal, state and local workforce development activities for marion county, indiana.

The indianapolis private industry council is a not-for-profit corporation responsible for development of the marion county, indiana workforce.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$8,762,658$6,510,461▼ $2,252,197
Savings and Temporary Cash Investments$2,363,593$2,207,968▼ $155,625
Cash and Non-Interest-Bearing Accounts$200,758$1,312,539▲ $1,111,781
Prepaid Expenses and Deferred Charges$71,251$202,720▲ $131,469
Land, Buildings, and Equipment, Net$76,058$122,698▲ $46,640
Accounts Receivable$0--
Other Notes and Loans Receivable, Net$0--
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Inventories for Sale or Use$0--
Loans From Officers Directors$0$0→ $0
Total Assets$13,175,572$11,612,669▼ $1,562,903
Other Assets Total$1,701,254$1,256,283▼ $444,971
Liabilities
Accounts Payable and Accrued Expenses$3,431,691$2,958,911▼ $472,780
Mortgage Notes Payable Secured by Investment Property$1,743,652$1,319,592▼ $424,060
Deferred Revenue$138,642$0▼ $138,642
Grants Payable$0--
Unsecured Notes Loans Payable$0--
Other Liabilities$0$0→ $0
Escrow Account Liability$0--
Tax Exempt Bond Liabilities$0--
Total Liabilities$5,313,985$4,278,503▼ $1,035,482
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,247,852$9,426,039▲ $1,178,187
Net Assets Without Donor Restrictions$-386,265$-2,091,873▼ $1,705,608
Total Net Assets Fund Balance$7,861,587$7,334,166▼ $527,421
Total Liabilities and Net Assets / Fund Balance$13,175,572$11,612,669▼ $1,562,903

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$122,698$247,185$369,883
Other Assets Org$1,256,283--
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marie MackintoshPresident/CEOFT$208,069$46,195$254,264
Chelsea MeldrumDevelopment and External Affairs OfficerFT$136,716$14,517$151,233
Rodney FrancisExecutive Vice PresidentFT$138,006$13,048$151,054
Betsy DavisSenior Vice President, Career Connected LearningFT$111,218$13,737$124,955
Jay StylesSenior Vice President, Partnerships & Talent ConnectionFT$109,345$9,937$119,282
Penny DunningVice President, Career ServicesFT$107,671$10,818$118,489
Dionne SmithVice President, NeighborhoodFT$101,877$13,072$114,949
Kristen BarryVice President, Research and StrategyFT$101,497$11,016$112,513
Ken ClarkEXECUTIVE VICE PRESIDENT, FINANCE & OPERATIONS (Beg 7/23)FT$80,686$2,424$83,110

Board Members and Trustees

NameTitle
Angela Smith JonesChairperson
Beth RovazziniVice Chairperson
Aman BrarDirector
Betsy DelgadoDirector
Devon DossDirector
Dionne BanksDirector
Don BoughDirector
Drue AndersonDirector
Elaine ChaneyDirector
Gartha IngramDirector
Georgiana ReynalDirector
Gina AshleyDirector
Jerome StanfordDirector
Jonathan KraeszigDirector
Kelli JonesDirector
Mackenzie HigginsDirector
Molly DodgeDirector
Natalie ReuterDirector
Rachel Faulkner PerezDirector
Reginald McgregorDirector
Sarah CurrierDirector
Twana EllisDirector
Janet St PetersSecretary
Matt RustTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Training For Success LLCStaffing Participants5112 WHISENAND DRIVE, SUITE 105, Indianapolis, IN 46254$312,187
4410 N Shadeland LLCRent3343 PERIMETER HILL DRIVE, STE 430, Nashville, TN 37211$288,877
Thomas P Miller & Associates LLCConsulting Services1630 NORTH MERIDIAN ST, Indianapolis, IN 46202$253,104
Hpt IndianapolisRent115 WEST WASHINGTON STREET, Indianapolis, IN 46204$193,329
C1 Truck Driver TrainingStaffing Participants3603 E RAYMOND, Indianapolis, IN 46203$183,816
Revenue and Support

Revenue Composition

Contributions and Grants
$26,188,709
Program Service Revenue
$0
Investment Income
$36,449
Other Revenue
$0
All Other Contributions
$13,932,579
Change in Net Assets
$-606,141

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,225,158
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$78,720
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$26,303,878
Total Revenue per Form 990
$26,225,158
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$19,292,822
Salaries, Compensation, and Employee Benefits$7,538,477
Total Fundraising Expense$6,639
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,251,714$1,701,212-$4,952,926
Other Expenses$1,713,693$52,285$2,778$1,768,756
Fees for Services Other$0$896,087$0$896,087
Current Officers, Directors, Trustees, and Key Employees$580,300$303,598-$883,898
Other Employee Benefits$847,970$23,685-$871,655
Office Expenses$437,980$142,700$3,861$584,541
Occupancy$375,878$126,420-$502,298
Payroll Taxes$298,482$160,499-$458,981
Pension Plan Contributions$360,935$10,082-$371,017
Advertising$316,547--$316,547
Travel$93,906$145,077-$238,983
Fees for Services Accounting-$142,793-$142,793
Information Technology$44,701$27,487-$72,188
Interest-$48,625-$48,625
Depreciation Depletion-$46,614-$46,614
Fees for Services Legal-$21,038-$21,038
Insurance-$14,260-$14,260
Total Functional Expenses$22,558,085$4,266,575$6,639$26,831,299

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,831,299
Total Expenses per Audited Statements$26,831,299
Total Expenses per Form 990$26,831,299
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
No
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, Line 1A Delegate broad authority to A committee

“The executive committee shall have power to transact all necessary business and supervise the corporation between meetings of the board of directors, which shall include the power to enter into contracts and execute written agreements in the ordinary course of the corporation's business and any duties and powers assigned by the board.”

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

“Election of governing body shall be made by local business organizations and professional or business trade organizations located in the city of indianapolis and marion county, in.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“The full form 990 is sent electronically to the full board for their review prior to filing with the irs.”

Form 990, Part VI, Line 12C Conflict of interest policy

“Both board members and staff annually complete a conflict of interest policy. The board of directors then review any potential or actual conflicts. Should that person have a conflict, they would be restricted from participating in deliberations and decisions on transactions with the organization in conflict.”

Form 990, Part VI, Line 15A Process to establish compensation of top management official

“THE BOARD REVIEWS AND APPROVES THE PRESIDENT/CEO'S COMPENSATION. THE BOARD USES A HIRED CONSULTANT, COMPENSATION SURVEYS, AND THE FORM 990 FROM OTHER ORGANIZATIONS IN DETERMINING THE PRESIDENT/CEO's COMPENSATION. THE LAST COMPENSATION REVIEW WAS CONDUCTED IN OCTOBER 2023. THIS PROCESS IS DONE ANNUALLY.”

Form 990, Part VI, Line 19 Required documents available to the public

“Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to internal revenue code (irc) section 6104. These documents are available to the public via our website.”

Filing and Contact Details

Filer

Filer Name
Indianapolis Private Industry Council
EIN
35-1569069
Phone
3176394441
Address
101 W WASHINGTON ST 1200 EAST, INDIANAPOLIS, IN 46204
Doing Business As
EmployIndy

Signing Officer

Name
Marie Mackintosh
Title
President/CEO
Phone
3176394441
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
In
Voting Board Members
24
Independent Board Members
24
Employees
102
Volunteers
24

Preparer

Firm
Forvis Mazars LLP
Address
820 Massachusetts Ave Suite 1370, Indianapolis, IN 46204
Preparer
Nicole Fishback
Phone
3173834000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D Description of other program services

“(Expenses $ 5,043,295 including grants of $ 0)(Revenue $ 0) OTHER GRANTS RECEIVED FROM THE FEDERAL, STATE, AND LOCAL GOVERNMENT AS WELL AS PRIVATE FOUNDATIONS. GRANTS ARE UTILIZED TO FURTHER THE ORGANIZATION'S STRATEGIC INITIATIVES INCLUDE CAREER-CONNECTED LEARNING, COACHING AND TRAINING, TALENT CONNECTION, AND GOOD JOBS. THESE INTERVENTIONS AIM TO PREPARE STUDENTS FOR SUCCESS IN THE 21ST-CENTURY ECONOMY, ASSIST WORKERS IN FINDING EMPLOYMENT, AND IMPROVE JOB QUALITY AND WAGE EQUITY FOR BUSINESSES.”

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.”

Raw XML AppendixShowing 400 of 811 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/ActivityOrMissionDesc0THE INDIANAPOLIS PRIVATE INDUSTRY COUNCIL IS A NOT-FOR-PROFIT CORPORATION RESPONSIBLE FOR DEVELOPMENT OF THE MARION COUNTY, INDIANA WORKFORCE.
IRS990/AdvertisingGrp/ProgramServicesAmt0316547
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IRS990/Desc0THE WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) HELPS JOB SEEKERS AND WORKERS ACCESS EMPLOYMENT, EDUCATION, TRAINING, AND SUPPORTIVE SERVICES TO SUCCEED IN THE LABOR MARKET, AND MATCHES EMPLOYERS WITH THE SKILLED WORKERS THEY NEED TO COMPETE IN THE GLOBAL ECONOMY. CAREER SERVICES ARE IMPLEMENTED THROUGH THE LOCAL WORKONE SYSTEM, A CORNERSTONE OF ADVANCING THE PUBLIC WORKFORCE SYSTEM. BETWEEN JULY 1, 2023 AND JUNE 30, 2024, THERE WERE OVER 48,000 WORKONE INDY VISITS. INDIVIDUALS UTILIZED WORKONE SERVICES BY ACCESSING SERVICES THROUGH PUBLIC COMPUTERS, ATTENDED RE-EMPLOYMENT EVENTS, AND PARTICIPATED IN WORKSHOPS OR COMPLETED ASSESSMENTS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt25DEVELOPMENT AND EXTERNAL AFFAIRS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt26Senior Vice President, Partnerships & Talent Connection
IRS990/Form990PartVIISectionAGrp/TitleTxt27EXECUTIVE VICE PRESIDENT, FINANCE & OPERATIONS (Beg 7/23)
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IRS990/Form990PartVIISectionAGrp/TitleTxt31Vice President, Research and Strategy
IRS990/Form990PartVIISectionAGrp/TitleTxt32Vice President, Career Services
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