Civic Intelligence

Indiana Assoc for Community Economic Development Inc

EIN 35-1695379 • 501(c)3 • Indianapolis, IN

Profile

The Indiana Association for Community Economic Development ("IACED") supports a network of organizations that builds vital communities and resilient families. IACED advocates for public policies and assist the network in developing comprehensive solutions that engage local leadership to generate private and public investment.

1099 N Meridian Street 170Indianapolis, IN 46204

www.iaced.org

Siviq Scores

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

Liabilities / Assets

81st percentile

0.34x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.23x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

33rd percentile

-3.1%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

91st percentile

$120,224

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 12.3% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

57th percentile

6.0%

Faster asset growth than 57% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

39%

Faster revenue growth than 78% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$659,366

Up $37,033 (+6.0%) from 2023

Liabilities

Up

$224,099

Up $67,291 (+43%) from 2023

Net Assets

Down

$435,267

Down $30,258 (-6.5%) from 2023

Revenue

Up

$980,569

Up $277,164 (+39%) from 2023

Expenses

Up

$1,010,827

Up $224,263 (+29%) from 2023

Net Income

Up

-$30,258

Up $52,901 (+64%) from 2023

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2013: $608,847Liabilities 2013: $86,467Net Assets 2013: $522,3802013Assets 2018: $690,071Liabilities 2018: $120,902Net Assets 2018: $569,1692018Assets 2019: $566,136Liabilities 2019: $167,230Net Assets 2019: $398,9062019Assets 2020: $535,153Liabilities 2020: $110,918Net Assets 2020: $424,2352020Assets 2021: $693,725Liabilities 2021: $130,130Net Assets 2021: $563,5952021Assets 2022: $770,535Liabilities 2022: $221,851Net Assets 2022: $548,6842022Assets 2023: $622,333Liabilities 2023: $156,808Net Assets 2023: $465,5252023Assets 2024: $659,366Liabilities 2024: $224,099Net Assets 2024: $435,2672024

Highlighted filing

2024

Assets$659,366
Liabilities$224,099
Net Assets$435,267

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $973,681Expenses 2013: $780,489Net Income 2013: $193,1922013Revenue 2018: $692,680Expenses 2018: $748,901Net Income 2018: -$56,2212018Revenue 2019: $694,944Expenses 2019: $865,207Net Income 2019: -$170,2632019Revenue 2020: $709,016Expenses 2020: $683,687Net Income 2020: $25,3292020Revenue 2021: $809,124Expenses 2021: $669,764Net Income 2021: $139,3602021Revenue 2022: $830,837Expenses 2022: $845,748Net Income 2022: -$14,9112022Revenue 2023: $703,405Expenses 2023: $786,564Net Income 2023: -$83,1592023Revenue 2024: $980,569Expenses 2024: $1,010,827Net Income 2024: -$30,2582024

Highlighted filing

2024

Revenue$980,569
Expenses$1,010,827
Net Income-$30,258

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 14, 2025
Return Version
2024v5.0
Gross Receipts
$980,569
Mission and Program Overview

Mission

The organization builds a better future for our communities by providing advocacy, leveraging resources, and engaging an empowered network of members to create inclusive opportunities that build assets and improve lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$458,078$380,182▼ $77,896
Cash and Non-Interest-Bearing Accounts$84,366$124,774▲ $40,408
Accounts Receivable$9,098$106,225▲ $97,127
Prepaid Expenses and Deferred Charges$9,157$12,782▲ $3,625
Land, Buildings, and Equipment, Net$8,577$11,286▲ $2,709
Total Assets$622,333$659,366▲ $37,033
Other Assets Total$53,057$24,117▼ $28,940
Liabilities
Deferred Revenue$47,751$133,408▲ $85,657
Accounts Payable and Accrued Expenses$56,000$66,574▲ $10,574
Other Liabilities$53,057$24,117▼ $28,940
Total Liabilities$156,808$224,099▲ $67,291
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$51,460$280,107▲ $228,647
Net Assets With Donor Restrictions$414,065$155,160▼ $258,905
Total Net Assets Fund Balance$465,525$435,267▼ $30,258
Total Liabilities and Net Assets / Fund Balance$622,333$659,366▲ $37,033

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,286$56,309$67,595
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Aspen ClemonsExecutive DiFT$120,224$120,224

Board Members and Trustees

NameTitle
Steven MeyerPresident
Amandula AndersonDirector
Amy NelsonDirector
Angela ByersDirector
Anna SchoonDirector
Brian CarmanDirector
Dennis CecilDirector
Justin BarkerDirector
Marie MorseDirector
Rosie LevyaDirector
Susan ThomasDirector
Keith BroadnaxSecretary
Mark LindenlaubTreasurer
Alyssa PrinceVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$540,523
Program Service Revenue
$299,874
Investment Income
$16,937
Other Revenue
$123,235
All Other Contributions
$454,923
Change in Net Assets
$-30,258

Audited Revenue Reconciliation

Revenue per Audited Statements
$980,569
Total Revenue per Audited Statements
$980,569
Total Revenue per Form 990
$980,569
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$768,249
Other Expenses$242,578
Total Fundraising Expense$4,449
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$437,326$96,643$3,026$536,995
Current Officers, Directors, Trustees, and Key Employees$97,909$21,637$678$120,224
Fees for Services Accounting$45,424$32,992$68$78,484
Other Employee Benefits$46,379$17,081$330$63,790
Conferences and Meetings$52,615$311-$52,926
Payroll Taxes$29,831$17,080$329$47,240
Occupancy-$37,724-$37,724
Travel$22,224$396-$22,620
Information Technology$9,185$7,589-$16,774
Office Expenses$2,545$3,243-$5,788
Fees for Services Other$3,865$1,707-$5,572
Insurance-$5,118-$5,118
Depreciation Depletion$2,639$584$18$3,241
Other Expenses$1,522$147-$1,669
Advertising$752--$752
Total Functional Expenses$760,275$246,103$4,449$1,010,827

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,010,827
Total Expenses per Audited Statements$1,010,827
Total Expenses per Form 990$1,010,827
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Liabilities$24,117
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization has associate and voting members. Associate members may be individuals. Voting members must be 501(c)(3) organizations with principal purposes of expanding the facilities, services, area institutions, opportunities for employment and ownership, and other operations contributing to the economic and social well-being of the disadvantaged community and its residents.

Form 990, Page 6, Part VI, Line 7A

A slate for a proposed board of directors is presented to the directors, who may add names. A final slate is presented to the voting members, who then elect the board of directors.

Form 990, Page 6, Part VI, Line 7B

A slate for a proposed board of directors is presented to all members. A final slate is presented to the voting members, who then elect the board of directors.

Form 990, Page 6, Part VI, Line 11B

Draft 990 is provided to the board for review and comment. The draft is changed/updated for any board comments and finalized for filing.

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

The conflict of interest policy of the organization is provided to all board members and key employees at the commencement of their duties and annually thereafter. They are required to sign an acknowledgement stating that they have received, read and understand the terms of the policy, and they agree to comply with such terms. They are required to notify the board of directors in writing of any conflicts of interest. Conflicts are handled according to the procedures established in the policy.

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

The board of directors determines all salary ranges through comparison to other associations. The board of directors determines the executive director's salary.

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

The board of directors determines all salary ranges through comparison to other associations. The executive director determines the employees' salaries in compliance with the approved ranges.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Indiana Association for Community
EIN
35-1695379
Phone
3172221221
Address
1099 N MERIDIAN STREET 170, INDIANAPOLIS, IN 46204
Doing Business As
Prosperity Indiana

Signing Officer

Name
Steven Meyer
Title
President
Phone
3172221221
Signed
2025-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Meyer
Formed
1987
Legal Domicile
In
Voting Board Members
14
Independent Board Members
14
Employees
10

Preparer

Firm
Estep Burkey Simmons LLC
Address
PO BOX 42, MUNCIE, IN 47308-0042
Preparer
Thomas a Roberts
Phone
7652847554
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization builds a better future for our communities by providing advocacy, leveraging resources, and engaging an empowered network of members to create inclusive opportunities that build assets and improve lives.

Form 990, Page 2, Part III, Line 4A

Resources: prosperity indiana is dedicated to providing members with helpful tools to advance their work. Resources include consulting services, trainings, an on-demand resource library, and funding. Training and technical assistance are aligned services to build the capacity of community economic development practitioners and the organizations employing them. The organization delivers a robust schedule training programs for member organization staff and others in the community development field. Training topics address the diversity of technical and adaptive knowledge necessary to manage organizations, exercise leadership, and deliver outcomes. Technical assistance is long-term, one-on-one consulting support. Staff provide a depth of experience and knowledge. The organization provides technical assistance in the following categorical areas: board governance, financial management, planning (strategic, comprehensive, multi-sector, etc.), program/project development and delivery, resource development, staff development, and staff management services. The organization's role of funder primarily includes securing pass-through grants to support member projects, including leveraging state and national partner resources available for this purpose. The organization also serves as the fiscal agent and program manager for member initiatives to help launch innovation.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization recognizes a tax benefit only if it is more likely than not that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely- than-not test, no tax benefit will be recorded. The organization has examined this issue and has determined there are no material contingent tax liabilities. The organization's federal and state exempt organization tax returns for 2021, 2022, and 2023 are subject to examination by the internal revenue service and the indiana department of revenue. Returns are generally subject to examination for three years after they are filed.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE DI
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IRS990/MissionDesc0THE ORGANIZATION BUILDS A BETTER FUTURE FOR OUR COMMUNITIES BY PROVIDING ADVOCACY, LEVERAGING RESOURCES, AND ENGAGING AN EMPOWERED NETWORK OF MEMBERS TO CREATE INCLUSIVE OPPORTUNITIES THAT BUILD ASSETS AND IMPROVE LIVES.
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IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
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IRS990/ProgSrvcAccomActy2Grp/Desc0ENGAGEMENT: PROSPERITY INDIANA UTILIZES A NUMBER OF STRATEGIES TO ACCOMPLISH COMMUNITY BUILDING AND CONNECTING TO STRENGTHEN AND UNITE MEMBERS. THIS INCLUDES THE ORGANIZATION'S BLOG AND SOCIAL NETWORKS, THE MONTHLY PIECE OF THE PI NEWSLETTER, PEER-TO-PEER CONVENINGS, MEMBERSHIP DIRECTORY, AN ANNUAL SUMMIT AND LEADERSHIP AWARDS PRESENTATION, AND REGIONAL MEMBER MEETINGS. THE ORGANIZATION ALSO ACCOMPLISHES CONNECTIVITY AND ADVOCACY GOALS THROUGH COALITION BUILDING EFFORTS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0ADVOCACY: ADVOCACY AND POLICY ENGAGEMENT ARE IMPORTANT PARTS OF A SUCCESSFUL COMMUNITY ECONOMIC DEVELOPMENT FRAMEWORK. THE ORGANIZATION'S ADVOCACY WORK STRENGTHENS MEMBERS BY BUILDING RELATIONSHIPS. IT ENHANCES MEMBERS' SKILLS AND CAPACITY TO UNDERSTAND THEIR OWN POLICY ENVIRONMENTS, LARGE AND SMALL, AND TO COMMUNICATE THEIR VALUES AND PRIORITIES TO THEIR ELECTED OFFICIALS AND PROGRAM ADMINISTRATORS. IT ENABLES FRONT-LINE PRACTITIONERS TO HAVE THEIR VOICES HEARD IN POLICY DEBATES AND ON EMERGING POLICY ISSUES. THE ADVOCACY FUNCTION ORGANIZES MEMBERS AND SUPPORTERS AROUND A POLICY AGENDA, BUILDS AND MAINTAINS STRATEGIC PARTNERSHIPS WITH ALLIES TO ADVANCE THIS AGENDA, AND MONITORS AND EXPLAINS TRENDS IN POLICYMAKING TO MEMBERS.
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DID NOT LOBBY FOR POLITICAL CAMPAIGNS. THE ONLY LOBBYING IS DONE FOR ECONOMIC DEVELOPMENT ON THE PART OF ITS MEMBERS.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART I-A, LINE 1
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RIGHT OF USE LIABILITIES

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