Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2006.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
11 people listed on the 990; $221K paid to officers and key staff.
Richard Hedgecock’s $234K as President is at the 75th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Richard Hedgecock | $233,721 | $227,612 | $221,082 | $214,165 | $197,940 | $188,335 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Promotes Indiana's road construction industry's image, well-being, and strength.
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Worker/Management Relations
Ici staff leads member teams in negotiations representing management with several labor unions and their locals across the state and appoints and trains volunteer members to serve as management trustees on various LABOR/MANAGEMENT health & welfare and pension trust funds.
Government Affairs
At the state level, ici monitors all legislation introduced by the indiana general assembly to determine possible impact to members, lobbying to either defeat or promote bills accordingly. Ici also monitors the happenings at the federal level through its affiliated organizations, the associated general contractors of american and the…
Member Relations
Ici staff engages with its statewide membership at their offices - via telephone, email or virtual conferencing - or as they attend in-person association meetings to determine needs and concerns and to explain the value of various programs offered by ici.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $6.5M | $7.3M |
| InvestmentsLn 11–13 | $3.6M | $3.9M |
| Land, buildings, equipmentLn 10c | $122K | $82K |
| Total assetsLn 16 | $11.5M | $12.7M |
| LiabilitiesLn 26 | $907K | $957K |
| Net assetsLn 32 | $10.6M | $11.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $265K | |||
| Other salaries and wagesLn 7 | $1.1M | |||
| Pension plan contributionsLn 8 | $94K | |||
| Other employee benefitsLn 9 | $71K | |||
| Payroll taxesLn 10 | $94K | |||
| Legal feesLn 11b | $60K | |||
| Accounting feesLn 11c | $24K | |||
| Lobbying feesLn 11d | $35K | |||
| Investment management feesLn 11f | $15K | |||
| Other fees for servicesLn 11g | $583K | |||
| Office expensesLn 13 | $6K | |||
| OccupancyLn 16 | $149K | |||
| TravelLn 17 | $61K | |||
| Conferences, conventions and meetingsLn 19 | $939K | |||
| Depreciation, depletion and amortizationLn 22 | $45K | |||
| InsuranceLn 23 | $30K | |||
| Other expenses (24a–d)Ln 24 | $523K | |||
| All other expensesLn 24e | $83K | |||
| Total functional expensesLn 25 | $4.1M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $5.5M | $4.3M | $1.2M | $13.9M | 990 PDF |
| FY2024 | $5.0M | $4.5M | $490K | $12.4M | 990 PDF |
| FY2023 Viewing | $5.0M | $4.1M | $913K | $11.7M | 990 PDF |
| FY2022 | $4.6M | $3.6M | $1.0M | $10.6M | 990 PDF |
| FY2021 | $4.2M | $2.9M | $1.3M | $10.0M | 990 PDF |
| FY2020 | $4.2M | $3.2M | $1.0M | $8.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $5,040,059 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, no flags
Part VIII · Statement of revenue $5,040,059 across 5 lines filed
Part IX · Statement of functional expenses $4,127,232 across 18 lines filed
Part X · Balance sheet $12,685,348 assets, 15 lines filed
Part XI · Reconciliation of net assets $11,728,281 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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