Cicp Foundation INC

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Cicp Foundation, INC. (the Foundation) operates exclusively for the benefit of and carries out the mission of central indiana corporate partnership, INC. (Cicp) by engaging in and supporting activities in furtherance of purposes that are charitable, educational or otherwise described in section 170(c)(2)(b) of the internal revenue code.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-2065457) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 300 volunteers.
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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $4.2M a year · 13% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
88% of spending went to programs.
Pt IX · Ln 25 · col B
11.5 mo
of spending, in cash
11.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $488K
6 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$20.0M
73% of total assets
Liabilities are 73% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$29.6M
-14% vs prior year
Spent
$28.5M
To programs
88%
Net assets
$7.5M
By yearFY2020–FY2024
Revenue
$29.6M
FY2024▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$40.6M
FY2021$39.8M
FY2022$22.4M
FY2023$34.4M
FY2024$29.6M
Expenses
$28.5M
FY2024▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$23.2M
FY2021$39.4M
FY2022$21.5M
FY2023$32.8M
FY2024$28.5M
Net assets
$7.5M
FY2024▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$57.9M
FY2021$4.3M
FY2022$4.9M
FY2023$6.5M
FY2024$7.5M

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1999.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $25.2M Management & general 10% · $2.9M Fundraising 2% · $454K

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

Something off? Claim to add context

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
At-Large
$0Pt VII · Sec A
At-Large
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cicp Foundation INC executive salaries →

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

Supports charitable and educational activities benefiting Central Indiana Corporate Partnership.

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3 programs · $16.2M · in their own filed words · FY2024
01

Ascend indiana is a talent and workforce development initiative committed to making indiana a place of economic opportunity for all. Visit www.ascendindiana.com. In 2024, ascend matched 963 early-career hoosiers and other job seekers with career and internship opportunities, surpassing the goal it had set for matches.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-2065457) · Dispute this line
$8.1Mprogram expense
02

Analytixin, is a strategic initiative of Cicp established to develop a digital community, including a place-focused collaboration hub in indianapolis that will strengthen connections and encourage engagement of academic data science research and development talent with their industry peers to drive sustained innovation within indiana.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-2065457) · Dispute this line
$4.7Mprogram expense
03

Conexus indiana has been positioning the hoosier state as the best place for advanced manufacturing and logistics industries to innovate, invest, employ and succeed for more than a decade. Conexus colaborates with industry, academic and public sector partners on a shared vision for an innovative, skilled workforce and stronger business…

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-2065457) · Dispute this line
$3.5Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Lacy FoundationFY2024$16K
Total grants receivedfrom 6 funders$488K
See all 6 funders →
Grants paid · 179 grants · $48.4M · 2020–2024
Trustees of Purdue UniversityIN · FY2024$2,285,000
Research Triangle InstituteNC · FY2024$352,250
The Brookings InstitutionDC · FY2024$200,000
PatternIN · FY2024$135,000
Careerwise ColoradoCO · FY2024$118,365
The Rand CorporationCA · FY2024$114,000
Southern Indiana Education Center INCFY2024$75,000
Crawfordsville Comm SchoolsFY2024$75,000
Indiana UniversityIN · FY2024$54,450
Westfield Washington SchoolsFY2024$50,000
Vincennes UniversityFY2024$40,880
See all 179 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$29.6M
Ln 12
Gifts and grantsLn 1h$28.1M
Investment incomeLn 3$1.4M
Other incomeLn 4–11$146K
Money outPt IX
$28.5M
Ln 25
Programscol B$25.2M
Managementcol C$2.9M
Fundraisingcol D$454K
Owns and owesPt X
$7.5M
net assets · Ln 32
Cash and savingsLn 1–2$27.4M
Total assetsLn 16$27.5M
LiabilitiesLn 26$20.0M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$28.1M
Government grantsLn 1e$1.2M
Investment incomeLn 3$1.4M
Other incomeLn 4–11$146K
Total revenueLn 12$29.6M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$26.0M
Cash and savings togetherLn 1–2$27.4M
Prepaid expenses and deferred chargesLn 9$50K
Total assetsLn 16$27.5M
LiabilitiesLn 26$20.0M
Net assetsLn 32$7.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6300
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$6K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$43.1M$27.4M
Total assetsLn 16$43.7M$27.5M
LiabilitiesLn 26$37.3M$20.0M
Net assetsLn 32$6.5M$7.5M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7.3M$7.3M
Grants to domestic individualsLn 2$8K$8K
Grants and assistance to foreign recipientsLn 3$6K$6K
Legal feesLn 11b$119K$119K
Accounting feesLn 11c$82K$82K
Other fees for servicesLn 11g$247K$138K$104K$5K
Advertising and promotionLn 12$2.0M$1.4M$494K$55K
Office expensesLn 13$313K$263K$39K$10K
Information technologyLn 14$230K$194K$29K$8K
OccupancyLn 16$640K$537K$82K$21K
TravelLn 17$106K$89K$13K$4K
Conferences, conventions and meetingsLn 19$91K$76K$11K$3K
InsuranceLn 23$61K$51K$8K$2K
Other expenses (24a–d)Ln 24$17.3M$15.0M$1.9M$346K
Total functional expensesLn 25$28.5M$25.2M$2.9M$454K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 29, 2025 $29.6M$28.5M$1.0M$7.5M 990 PDF
FY2023Filed with the IRS Oct 2, 2024 $34.4M$32.8M$1.6M$6.5M 990 PDF
FY2022Filed with the IRS Oct 4, 2023 $22.4M$21.5M$851K$4.9M 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $39.8M$39.4M$369K$4.3M 990 PDF
FY2020Filed with the IRS Oct 28, 2021 $40.6M$23.2M$17.3M$57.9M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $29,580,011 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $32,474,156$28,083,703
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,903,231$1,350,561
I-11 Other revenuePrior year $10,701$145,747
I-12 Total revenuePrior year $34,388,088$29,580,011
I-13 Grants and similar amounts paidPrior year $13,518,653$7,353,756
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $19,311,706$21,183,335
I-18 Total expensesPrior year $32,830,359$28,537,091
I-19 Revenue less expensesPrior year $1,557,729$1,042,920
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $29,580,011 across 5 lines filed
Lines not itemized here account for $145,747 of total revenue; see the IRS return.
VIII-1e Government grants$1,222,014
VIII-1f All other contributions, gifts and grants$26,861,689
VIII-1h Total contributions, gifts and grants$28,083,703
VIII-3 Investment incomeExcluded from tax $1,350,561$1,350,561
VIII-12 Total revenueRelated to mission $145,747 · Unrelated business $0 · Excluded from tax $1,350,561$29,580,011
Part IX · Statement of functional expenses $28,537,091 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $7,339,756$7,339,756
IX-2 Grants to domestic individualsPrograms $8,500$8,500
IX-3 Grants and assistance to foreign recipientsPrograms $5,500$5,500
IX-11b Legal feesManagement $119,028$119,028
IX-11c Accounting feesManagement $81,673$81,673
IX-11g Other fees for servicesPrograms $138,470 · Management $103,675 · Fundraising $5,205$247,350
IX-12 Advertising and promotionPrograms $1,440,919 · Management $493,683 · Fundraising $55,051$1,989,653
IX-13 Office expensesPrograms $262,829 · Management $39,208 · Fundraising $10,470$312,507
IX-14 Information technologyPrograms $193,641 · Management $28,885 · Fundraising $7,714$230,240
IX-16 OccupancyPrograms $536,616 · Management $82,457 · Fundraising $21,160$640,233
IX-17 TravelPrograms $89,156 · Management $13,299 · Fundraising $3,551$106,006
IX-19 Conferences, conventions and meetingsPrograms $76,223 · Management $11,370 · Fundraising $3,036$90,629
IX-23 InsurancePrograms $51,198 · Management $7,637 · Fundraising $2,039$60,874
IX-24 Other expenses (24a–d)Programs $15,043,863 · Management $1,915,319 · Fundraising $345,960$17,305,142
IX-25 Total functional expensesPrograms $25,186,671 · Management $2,896,234 · Fundraising $454,186$28,537,091
Part X · Balance sheet $27,483,469 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $648,068$1,390,383
X-2 Savings and temporary cash investmentsStart of year $42,447,746$26,043,081
X-9 Prepaid expenses and deferred chargesStart of year $189,771$50,005
X-15 Other assetsStart of year $443,508$0
X-16 Total assetsStart of year $43,729,093$27,483,469
X-17 Accounts payable and accrued expensesStart of year $1,476,200$979,555
X-19 Deferred revenueStart of year $35,775,918$18,328,899
X-25 Other liabilitiesStart of year $0$655,120
X-26 Total liabilitiesStart of year $37,252,118$19,963,574
X-27 Net assets without donor restrictionsStart of year $6,476,975$7,519,895
X-32 Total net assets or fund balancesStart of year $6,476,975$7,519,895
X-33 Total liabilities and net assetsStart of year $43,729,093$27,483,469
Part XI · Reconciliation of net assets $7,519,895 net assets at year end
XI-1 Total revenue$29,580,011
XI-2 Total expenses$28,537,091
XI-3 Revenue less expenses$1,042,920
XI-4 Net assets at start of year$6,476,975
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,519,895

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

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