Radius Indiana INC

Tax-deductible

Bedford, IN501(c)(3)Since 2009Community DevelopmentEIN 26-4446362Revenue $12.8M in FY2024

On file with the IRSradiusindiana.com813 16th St, 47421-3822 · Bedford, INTax-exempt since Jun 2010Publicly supported charity — 170(b)(1)(A)(vi)

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The organizations mission statement is to advance the economy of south central Indiana by generating high-quality employment opportunities, diversifying the economic base and raising the standard of living for the region's residents.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 33 volunteers and 8 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $729K a year · 14% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$131K
to officers and key staff · 1.0% of spending
Top officer’s pay lower than 90% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $60K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.7M
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.8M
+49% vs prior year
Spent
$13.5M
To programs
98%
Net assets
$7.2M
By yearFY2020–FY2024
Revenue
$12.8M
FY2024▲ +49%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.5M
FY2022$1.6M
FY2023$8.6M
FY2024$12.8M
Expenses
$13.5M
FY2024▲ +358%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$1.3M
FY2022$1.9M
FY2023$2.9M
FY2024$13.5M
Net assets
$7.2M
FY2024▼ -43%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.5M
FY2021$7.8M
FY2022$6.7M
FY2023$12.5M
FY2024$7.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $13.2M Management & general 2% · $277K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

29 people listed on the 990; $131K paid to officers and key staff.

Part VII, Section A · reportable compensation
$130,966Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jeff Quyle’s $131K as CEO is at the 10th percentile of top reported officer pay among 572 $10–100M 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

NameFY2024FY2023FY2022FY2021FY2020
Jeff Quyle$130,966$133,500$127,500$121,000$128,192

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.

See Radius Indiana INC executive salaries →

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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

Generates jobs, diversifies economy, and raises living standards in South Central Indiana.

Provided by the organization

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3 programs · $13.2M · in their own filed words · FY2024
01

Research and Information Management

Monitor south central indiana industry activity for strengths, weakness, opportunties and threats for investment opportunities.

$12.2Mprogram expense
02

Business Attraction

Using presentations and hosting tours of south central indiana and developing marketing materials in a effort to entice new businesses to the area.

$710Kprogram expense
03

Business Rentention

Assess needs and opportunites for local business in an effort to retain the business and promote expansion projects and entrepreneurship.

$250Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$60K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$12.8M
Ln 12
Fees for servicesLn 2g$12.6M
Investment incomeLn 3$155K
Gifts and grantsLn 1h$89K
Money outPt IX
$13.5M
Ln 25
Programscol B$13.2M
Managementcol C$277K
Owns and owesPt X
$7.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$9.8M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
29
listed · VII A
PaidVII A1
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$89K
Government grantsLn 1e$45K
Fees for servicesLn 2g$12.6M
Investment incomeLn 3$155K
Gains on assetsLn 7$102K
Total revenueLn 12$12.8M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$66K
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$552K
Land, buildings, equipmentLn 10c$464K
Other assetsLn 15$4.7M
Total assetsLn 16$9.8M
LiabilitiesLn 26$2.7M
Net assetsLn 32$7.2M
OperationsPt I, VI
EmployeesI 58
VolunteersI 633
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$594K$1.5M
InvestmentsLn 11–13$1.1M$552K
Land, buildings, equipmentLn 10c$5.4M$464K
Total assetsLn 16$12.5M$9.8M
LiabilitiesLn 26$47K$2.7M
Net assetsLn 32$12.5M$7.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$436K$329K$107K
Pension plan contributionsLn 8$31K$31K
Other employee benefitsLn 9$74K$45K$29K
Payroll taxesLn 10$33K$26K$7K
Legal feesLn 11b$27K$27K
Accounting feesLn 11c$14K$14K
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$180$180
OccupancyLn 16$22K$22K
TravelLn 17$16K$11K$5K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$12.5M$12.5M
All other expensesLn 24e$334K$257K$77K
Total functional expensesLn 25$13.5M$13.2M$277K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $12.8M$13.5M−$663K$7.2M 990 PDF
FY2023 $8.6M$2.9M$5.7M$12.5M 990 PDF
FY2022 $1.6M$1.9M−$344K$6.7M 990 PDF
FY2021 $1.5M$1.3M$169K$7.8M 990 PDF
FY2020 $1.2M$2.4M−$1.2M$7.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $12,797,789 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,535,664$88,958
I-9 Program service revenue$12,553,611
I-10 Investment incomePrior year $41,360$155,220
I-11 Other revenue$0
I-12 Total revenuePrior year $8,577,024$12,797,789
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $545,360$573,406
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,374,803$12,887,195
I-18 Total expensesPrior year $2,920,163$13,460,601
I-19 Revenue less expensesPrior year $5,656,861−$662,812
Part VI · Governance 22 of 22 board members independent, no flags
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $12,797,789 across 7 lines filed
Lines not itemized here account for $106,075 of total revenue; see the IRS return.
VIII-1e Government grants$45,000
VIII-1f All other contributions, gifts and grants$43,958
VIII-1h Total contributions, gifts and grants$88,958
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $12,447,536$12,447,536
VIII-3 Investment incomeExcluded from tax $53,528$53,528
VIII-7 Net gain or loss on sales of assetsExcluded from tax $101,692$101,692
VIII-12 Total revenueExcluded from tax $12,708,831$12,797,789
Part IX · Statement of functional expenses $13,460,601 across 15 lines filed
IX-7 Other salaries and wagesPrograms $329,456 · Management $106,502$435,958
IX-8 Pension plan contributionsPrograms $30,530$30,530
IX-9 Other employee benefitsPrograms $44,907 · Management $29,301$74,208
IX-10 Payroll taxesPrograms $26,193 · Management $6,517$32,710
IX-11b Legal feesManagement $27,214$27,214
IX-11c Accounting feesManagement $14,225$14,225
IX-11f Investment management feesManagement $4,789$4,789
IX-11g Other fees for servicesManagement $1,176$1,176
IX-13 Office expensesManagement $180$180
IX-16 OccupancyPrograms $21,574$21,574
IX-17 TravelPrograms $10,719 · Management $5,359$16,078
IX-22 Depreciation, depletion and amortizationPrograms $3,271$3,271
IX-23 InsuranceManagement $5,308$5,308
IX-24 Other expenses (24a–d)Programs $12,459,506$12,459,506
IX-24e All other expensesPrograms $257,307 · Management $76,567$333,874
IX-25 Total functional expensesPrograms $13,183,463 · Management $277,138 · Fundraising $0$13,460,601
Part X · Balance sheet $9,813,176 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $528,698$1,434,080
X-2 Savings and temporary cash investmentsStart of year $65,760$65,881
X-3 Pledges and grants receivable$2,344,024
X-4 Accounts receivableStart of year $2,502$207,852
X-10c Land, buildings and equipment, netStart of year $5,437,433$464,262
X-12 Other securitiesStart of year $1,065,910$551,979
X-15 Other assetsStart of year $5,440,499$4,745,098
X-16 Total assetsStart of year $12,540,802$9,813,176
X-17 Accounts payable and accrued expensesStart of year $39,465$652,075
X-25 Other liabilitiesStart of year $7,750$2,004,806
X-26 Total liabilitiesStart of year $47,215$2,656,881
X-27 Net assets without donor restrictionsStart of year $12,243,587$7,156,295
X-32 Total net assets or fund balancesStart of year $12,493,587$7,156,295
X-33 Total liabilities and net assetsStart of year $12,540,802$9,813,176
Part XI · Reconciliation of net assets $7,156,295 net assets at year end
XI-1 Total revenue$12,797,789
XI-2 Total expenses$13,460,601
XI-3 Revenue less expenses−$662,812
XI-4 Net assets at start of year$12,493,587
XI-9 Other changes in net assets−$4,674,480
XI-10 Net assets at end of year$7,156,295

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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