Civic Intelligence

Greater Indianapolis Chamber of Commerce Foundation Inc

EIN 35-6017715 • 501(c)3 • Indianapolis, IN

Profile

The greater indianapolis chamber of commerce foundation's mission is to encourage, aid or promote educational or charitable organizations' endeavors or economic development activities and to operate for the benefit of the charitable, educational and economic development purposes of the greater indianapolis chamber of commerce.

111 Monument Circle Suite 1950Indianapolis, IN 46204

www.indychamber.com

Siviq Scores

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

Liabilities / Assets

55th percentile

0.09x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.08x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

95th percentile

76%

Higher net margin than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

95th percentile

$315,907

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

98th percentile

303%

Faster asset growth than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

88%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$2,707,603

Up $2,036,478 (+303%) from 2023

Liabilities

Down

$249,132

Down $303,870 (-55%) from 2023

Net Assets

Up

$2,458,471

Up $2,340,348 (+1981%) from 2023

Operations
Liabilities / Revenue51st percentileNet Margin95th percentile

Revenue

Up

$3,079,042

Up $1,441,473 (+88%) from 2023

Expenses

Down

$738,694

Down $883,773 (-54%) from 2023

Net Income

Up

$2,340,348

Up $2,325,246 (+15397%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth98th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $316,147Liabilities 2011: $268,290Net Assets 2011: $47,8572011Assets 2012: $233,905Liabilities 2012: $0Net Assets 2012: $233,9052012Assets 2017: $269,694Liabilities 2017: $236,725Net Assets 2017: $32,9692017Assets 2018: $115,515Liabilities 2018: $191,358Net Assets 2018: -$75,8432018Assets 2019: $803,640Liabilities 2019: $131,311Net Assets 2019: $672,3292019Assets 2020: $3,446,798Liabilities 2020: $2,972,082Net Assets 2020: $474,7162020Assets 2021: $2,197,022Liabilities 2021: $2,111,093Net Assets 2021: $85,9292021Assets 2022: $1,481,220Liabilities 2022: $1,378,199Net Assets 2022: $103,0212022Assets 2023: $671,125Liabilities 2023: $553,002Net Assets 2023: $118,1232023Assets 2024: $2,707,603Liabilities 2024: $249,132Net Assets 2024: $2,458,4712024

Highlighted filing

2024

Assets$2,707,603
Liabilities$249,132
Net Assets$2,458,471
Open 2024 Filing

Operations Trend

Revenue Growth90th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $79,0312011Expenses 2012: $161,4962012Revenue 2017: $716,394Expenses 2017: $720,616Net Income 2017: -$4,2222017Revenue 2018: $1,212,995Expenses 2018: $1,321,807Net Income 2018: -$108,8122018Revenue 2019: $1,947,698Expenses 2019: $1,199,526Net Income 2019: $748,1722019Revenue 2020: $1,224,119Expenses 2020: $1,421,732Net Income 2020: -$197,6132020Revenue 2021: $1,248,714Expenses 2021: $1,637,501Net Income 2021: -$388,7872021Revenue 2022: $1,837,930Expenses 2022: $1,816,135Net Income 2022: $21,7952022Revenue 2023: $1,637,569Expenses 2023: $1,622,467Net Income 2023: $15,1022023Revenue 2024: $3,079,042Expenses 2024: $738,694Net Income 2024: $2,340,3482024

Highlighted filing

2024

Revenue$3,079,042
Expenses$738,694
Net Income$2,340,348
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,707,603
Liabilities
$249,132
Net assets
$2,458,471
Revenue
$3,079,042
Expenses
$738,694
Net income
$2,340,348
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$0.25$2.46$3.08$0.74$2.34
2023Detailed filing. Detailed filing data is available for this year.$0.67$0.55$0.12$1.64$1.62$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.48$1.38$0.10$1.84$1.82$0.02
2021Detailed filing. Detailed filing data is available for this year.$2.20$2.11$0.09$1.25$1.64$0.39
2020Detailed filing. Detailed filing data is available for this year.$3.45$2.97$0.47$1.22$1.42$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.80$0.13$0.67$1.95$1.20$0.75
2018Detailed filing. Detailed filing data is available for this year.$0.12$0.19$0.08$1.21$1.32$0.11
2017Detailed filing. Detailed filing data is available for this year.$0.27$0.24$0.03$0.72$0.72$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.00$0.23$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.27$0.05$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 18, 2025
Return Version
2024v5.1
Gross Receipts
$3,079,042
Mission and Program Overview

Mission

The greater indianapolis chamber of commerce foundation's mission is to encourage, aid or promote educational or charitable organizations' endeavors or economic development activities and to operate for the benefit of the charitable, educational and economic development purposes of the greater indianapolis chamber of commerce.

To encourage, aid or promote educational or charitable organizations' endeavors or activities and to operate for the benefit of the greater indianapolis chamber of commerce.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$668,625$1,606,103▲ $937,478
Accounts Receivable$2,500$1,101,500▲ $1,099,000
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$671,125$2,707,603▲ $2,036,478
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$432,272$0▼ $432,272
Other Liabilities$40,013$171,665▲ $131,652
Accounts Payable and Accrued Expenses$80,717$77,467▼ $3,250
Total Liabilities$553,002$249,132▼ $303,870
Net Assets / Fund Balance
Net Assets With Donor Restrictions$110,498$2,410,847▲ $2,300,349
Net Assets Without Donor Restrictions$7,625$47,624▲ $39,999
Total Net Assets Fund Balance$118,123$2,458,471▲ $2,340,348
Total Liabilities and Net Assets / Fund Balance$671,125$2,707,603▲ $2,036,478
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleOtherTotal
E Zenai SavageChief Finance & Administrative Officer (As of July 2024)$90,488$90,488

Board Members and Trustees

NameTitle
MELISSA ProffittBoard Member, Board Chair
Julie GricePresident
Gina GiaconeBoard Member, Board Secretary
Connie Bond StuartDirector
Dennis M MurphyDirector
GENE D'ADAMODirector
JOYCE IrwinDirector
John ThompsonDirector
KRISTIN Mays-CorbittDirector
STEVEN F WalkerDirector
William D ZinkDirector
YVONNE ShaheenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$3,079,042
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,079,042
Change in Net Assets
$2,340,348

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,079,042
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$3,079,042
Total Revenue per Form 990
$3,079,042
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$418,734
Grants and Similar Amounts Paid$319,960
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$418,734--$418,734
Grants to Domestic Orgs$319,960--$319,960
Total Functional Expenses$738,694$0$0$738,694

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$738,694
Total Expenses per Audited Statements$738,694
Total Expenses per Form 990$738,694
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Greater Indianapolis Chamber of CommerceIndianapolis, IN501(c)(6)Project Amplify$319,960
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
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$171,665
Related Party Payable-
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

“Per the foundation's bylaws, the directors are appointed annually by the board of directors of the greater indianapolis chamber of commerce, a related tax-exempt organization.”

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

“The Greater Indianapolis Chamber of Commerce must approve amendments to the articles of incorporation and bylaws that purport to modify the Chamber's authority to appoint the directors of the Foundation.”

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

“The foundation does not have committees with authority to act on behalf of the governing body.”

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

“The organization's form 990 is reviewed in detail by management. Once management has finished their review the form 990 goes to the board of directors for review.”

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

“The Foundation has a conflict of interest policy, and Foundation directors and officers are required to complete an annual conflict of interest statement on which they disclose, in writing, any known financial interest that the individual (along with family members) has in any business entity that transactions business with the Foundation. In addition, directors and officers are required to immediately disclose any possible conflict of interest that arises at any time during the year in connection with a proposed transaction. The conflict of interest policy requires that any individual with a conflict be recused from the decision-making process. Independent directors must determine that the transaction is in the best interests of the Foundation and they must approve the transaction without the participation of any interested director.”

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

“The Foundation's articles of incorporation and business entity report are on file with the Indiana Secretary of State and are available to the public on the Secretary of State's website. The Foundation files an annual Form 990 which is available upon request to the Foundation and/or available on a delayed basis on www.guidestar.org and www.irs.gov.”

Filing and Contact Details

Filer

Filer Name
Greater Indianapolis Chamber of Commerce Foundation Inc
EIN
35-6017715
Phone
3174642200
Address
111 Monument Circle Suite 1950, Indianapolis, IN 46204

Signing Officer

Name
Zenai Savage
Title
Chief Finance & Admin Officer
Signed
2025-11-18
Discuss with paid preparer
Yes

Organization Details

Formed
1955
Legal Domicile
In
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Crowe Llp
Address
135 N Pennsylvania Street Suite 200, Indianapolis, IN 46204-2407
Preparer
Jennifer Burke
Phone
3176321100
Supplemental Narrative

Financial Statement Notes

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

“The Foundation is exempt from federal income taxes under Section 501(c)(3) of the U.S. Internal Revenue Code. Accordingly, no provision for federal or state income taxes has been made. The Foundation is not considered to be a private foundation. Accounting standards require that the Foundation disclose the amount of potential benefit or obligation to be realized as a result of an examination performed by a taxing authority. For the years ended December 31, 2024 and 2023, management has determined the Foundation does not have any tax positions that result in any uncertainties regarding the possible impact on the Foundation's financial statements. The Foundation does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Foundation recognizes interest and/or penalties related to income tax matters in income tax expense. The Foundation did not have any amounts accrued for interest and penalties at December 31, 2024 and 2023.”

Raw XML AppendixShowing 400 of 547 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER, BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER, BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11Chief Finance & Administrative Officer (As of July 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT
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IRS990/MissionDesc0THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE FOUNDATION'S MISSION IS TO ENCOURAGE, AID OR PROMOTE EDUCATIONAL OR CHARITABLE ORGANIZATIONS' ENDEAVORS OR ECONOMIC DEVELOPMENT ACTIVITIES AND TO OPERATE FOR THE BENEFIT OF THE CHARITABLE, EDUCATIONAL AND ECONOMIC DEVELOPMENT PURPOSES OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE.
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IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ON AN ANNUAL BASIS, THE SUPPORT TEST IS CALCULATED, ON A PROFORMA BASIS, FOR THE SUPPORTED ORGANIZATION (GICC). GICC RECEIVES THE MAJORITY OF IT'S SUPPORT THROUGH MEMBERSHIP FEES. GIVEN THIS FACT, THE CHAMBER EASILY SATISFIES THE PUBLIC SUPPORT TEST.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATION MONITORS EACH GRANT BASED UPON THE TERMS PROVIDED IN THE GRANT AGREEMENT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part IV, Section A, Line 3b Qualified Under 501C(4)(5) Or (6)
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Schedule A, Part IV, Section A, Line 3c Support To Org. Used Exclusively Sec. 170(c)(2)(B) Purposes
IRS990ScheduleA/IRSWrittenDeterminationInd0X
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0319960
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0GREATER INDIANAPOLIS CHAMBER OF COMMERCE
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0319960
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0171665
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal Income Taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RELATED PARTY PAYABLE
IRS990ScheduleD/OtherRevenueAmt00
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IRS990ScheduleD/RevenueNotReportedAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation is exempt from federal income taxes under Section 501(c)(3) of the U.S. Internal Revenue Code. Accordingly, no provision for federal or state income taxes has been made. The Foundation is not considered to be a private foundation. Accounting standards require that the Foundation disclose the amount of potential benefit or obligation to be realized as a result of an examination performed by a taxing authority. For the years ended December 31, 2024 and 2023, management has determined the Foundation does not have any tax positions that result in any uncertainties regarding the possible impact on the Foundation's financial statements. The Foundation does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Foundation recognizes interest and/or penalties related to income tax matters in income tax expense. The Foundation did not have any amounts accrued for interest and penalties at December 31, 2024 and 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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IRS990ScheduleD/TotalLiabilityAmt0171665
IRS990ScheduleD/TotalRevenuePerForm990Amt03079042
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03079042
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0738694
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IRS990ScheduleI/RecipientTable/CashGrantAmt0319960
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(6)
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROJECT AMPLIFY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Greater Indianapolis Chamber of Commerce
IRS990ScheduleI/RecipientTable/RecipientEIN0340412920
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0111 MONUMENT CIRCLE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0Suite 1950
IRS990ScheduleI/RecipientTable/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
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IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EACH GRANT IS MONITORED BASED UPON THE TERMS PROVIDED FOR IN THE GRANT AGREEMENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds
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IRS990ScheduleI/TotalOtherOrgCnt01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JULIE GRICE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0315907
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION SHARES MANAGEMENT WITH THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE (GICC). GICC USES THE FOLLOWING TO DETERMINE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL: COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PER THE FOUNDATION'S BYLAWS, THE DIRECTORS ARE APPOINTED ANNUALLY BY THE BOARD OF DIRECTORS OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE, A RELATED TAX-EXEMPT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Greater Indianapolis Chamber of Commerce must approve amendments to the articles of incorporation and bylaws that purport to modify the Chamber's authority to appoint the directors of the Foundation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT. ONCE MANAGEMENT HAS FINISHED THEIR REVIEW THE FORM 990 GOES TO THE BOARD OF DIRECTORS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Foundation has a conflict of interest policy, and Foundation directors and officers are required to complete an annual conflict of interest statement on which they disclose, in writing, any known financial interest that the individual (along with family members) has in any business entity that transactions business with the Foundation. In addition, directors and officers are required to immediately disclose any possible conflict of interest that arises at any time during the year in connection with a proposed transaction. The conflict of interest policy requires that any individual with a conflict be recused from the decision-making process. Independent directors must determine that the transaction is in the best interests of the Foundation and they must approve the transaction without the participation of any interested director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Foundation's articles of incorporation and business entity report are on file with the Indiana Secretary of State and are available to the public on the Secretary of State's website. The Foundation files an annual Form 990 which is available upon request to the Foundation and/or available on a delayed basis on www.guidestar.org and www.irs.gov.

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