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.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · 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
5 of 5
filings with a surplus
Average surplus $4.2M a year · 13% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
33 mo
of spending, in cash
Looks good: 33.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $488K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$54.6M
92% of total assets
Concern: liabilities are 92% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$22.4M
-44% vs prior year
Spent
$21.5M
To programs
87%
Net assets
$4.9M
By yearFY2020–FY2024
Revenue
$22.4M
FY2022▼ -44%
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
$21.5M
FY2022▼ -45%
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
$4.9M
FY2022▲ +14%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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

87 cents of each dollar spent went to programs.

Program services 87% · $18.7M Management & general 10% · $2.1M Fundraising 3% · $708K

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

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
$0Pt VII · Sec A
At-Large
$0Pt VII · Sec A
At-Large
$0Pt VII · Sec A
See Cicp Foundation 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

Supports charitable and educational activities benefiting Central Indiana Corporate Partnership.

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3 programs · $9.5M · in their own filed words · FY2022
01

Ascend indiana, a branded initiative of cicp, is committed to making indiana a place of economic opportunity for all. Ascend connects job seekers to good and promising career opportunities through an innovative job matching platform, the ascend network; catalyzes partnerships and provides consulting services to meet high-demand workforce…

$6.6Mprogram expense
02

Analytixin, a strategic initiative of cicp, is indiana's place-focused collaboration to drive sustained innovation by connecting university assets and talent with industry in the areas of data sciences, including digital, artificial intelligence (ai) and advanced analytic capabilities with a focus on life sciences and manufacturing.

$2.1Mprogram expense
03

Agrinovus indiana, a branded initiative of cicp, is focused on advancing the agbiosciences sector as a nationally recognized leader through education, research and talent development; strategic collaborations among corporations, industry associations, government and universities; the creation and support of new companies; and branding…

$782Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$22.4M
Ln 12
Gifts and grantsLn 1h$21.8M
Investment incomeLn 3$518K
Other incomeLn 4–11$9K
Money outPt IX
$21.5M
Ln 25
Programscol B$18.7M
Managementcol C$2.1M
Fundraisingcol D$708K
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$59.5M
Total assetsLn 16$59.5M
LiabilitiesLn 26$54.6M
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$21.8M
Government grantsLn 1e$512K
Investment incomeLn 3$518K
Other incomeLn 4–11$9K
Total revenueLn 12$22.4M
Assets in detailPt X, end of year
CashLn 1$2.9M
SavingsLn 2$56.6M
Cash and savings togetherLn 1–2$59.5M
Total assetsLn 16$59.5M
LiabilitiesLn 26$54.6M
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6300
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 FY22End FY22
Cash and savingsLn 1–2$75.5M$59.5M
Total assetsLn 16$75.5M$59.5M
LiabilitiesLn 26$71.2M$54.6M
Net assetsLn 32$4.3M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.0M$3.0M
Grants to domestic individualsLn 2$15K$15K
Grants and assistance to foreign recipientsLn 3$289K$289K
Legal feesLn 11b$177K$177K
Accounting feesLn 11c$41K$41K
Other fees for servicesLn 11g$507K$384K$111K$12K
Advertising and promotionLn 12$864K$690K$140K$34K
Office expensesLn 13$393K$341K$33K$19K
Information technologyLn 14$129K$112K$11K$6K
OccupancyLn 16$613K$522K$64K$27K
TravelLn 17$60K$52K$5K$3K
Conferences, conventions and meetingsLn 19$55K$47K$5K$3K
InsuranceLn 23$25K$22K$2K$1K
Other expenses (24a–d)Ln 24$15.3M$13.2M$1.5M$603K
Total functional expensesLn 25$21.5M$18.7M$2.1M$708K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $29.6M$28.5M$1.0M$7.5M 990 PDF
FY2023 $34.4M$32.8M$1.6M$6.5M 990 PDF
FY2022 Viewing $22.4M$21.5M$851K$4.9M 990 PDF
FY2021 $39.8M$39.4M$369K$4.3M 990 PDF
FY2020 $40.6M$23.2M$17.3M$57.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $22,354,287 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $39,597,621$21,827,537
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $50,981$517,983
I-11 Other revenuePrior year $104,737$8,767
I-12 Total revenuePrior year $39,753,339$22,354,287
I-13 Grants and similar amounts paidPrior year $17,462,872$3,347,638
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 $21,921,147$18,155,461
I-18 Total expensesPrior year $39,384,019$21,503,099
I-19 Revenue less expensesPrior year $369,320$851,188
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 $22,354,287 across 6 lines filed
VIII-1e Government grants$512,273
VIII-1f All other contributions, gifts and grants$21,315,264
VIII-1h Total contributions, gifts and grants$21,827,537
VIII-3 Investment incomeExcluded from tax $517,983$517,983
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,767$8,767
VIII-12 Total revenueRelated to mission $8,767 · Unrelated business $0 · Excluded from tax $517,983$22,354,287
Part IX · Statement of functional expenses $21,503,099 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $3,043,180$3,043,180
IX-2 Grants to domestic individualsPrograms $15,090$15,090
IX-3 Grants and assistance to foreign recipientsPrograms $289,368$289,368
IX-11b Legal feesManagement $176,994$176,994
IX-11c Accounting feesManagement $40,712$40,712
IX-11g Other fees for servicesPrograms $383,809 · Management $110,944 · Fundraising $12,013$506,766
IX-12 Advertising and promotionPrograms $689,544 · Management $139,750 · Fundraising $34,486$863,780
IX-13 Office expensesPrograms $341,239 · Management $32,755 · Fundraising $18,891$392,885
IX-14 Information technologyPrograms $112,310 · Management $10,780 · Fundraising $6,218$129,308
IX-16 OccupancyPrograms $522,458 · Management $63,851 · Fundraising $26,752$613,061
IX-17 TravelPrograms $52,335 · Management $5,024 · Fundraising $2,897$60,256
IX-19 Conferences, conventions and meetingsPrograms $47,462 · Management $4,556 · Fundraising $2,628$54,646
IX-23 InsurancePrograms $21,598 · Management $2,073 · Fundraising $1,196$24,867
IX-24 Other expenses (24a–d)Programs $13,153,186 · Management $1,536,148 · Fundraising $602,852$15,292,186
IX-25 Total functional expensesPrograms $18,671,579 · Management $2,123,587 · Fundraising $707,933$21,503,099
Part X · Balance sheet $59,493,822 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $3,913,193$2,854,437
X-2 Savings and temporary cash investmentsStart of year $71,556,909$56,637,251
X-9 Prepaid expenses and deferred chargesStart of year $2,857$2,134
X-16 Total assetsStart of year $75,472,959$59,493,822
X-17 Accounts payable and accrued expensesStart of year $1,061,452$959,974
X-19 Deferred revenueStart of year $70,053,284$53,418,989
X-25 Other liabilitiesStart of year $36,225$195,613
X-26 Total liabilitiesStart of year $71,150,961$54,574,576
X-27 Net assets without donor restrictionsStart of year $4,321,998$4,919,246
X-32 Total net assets or fund balancesStart of year $4,321,998$4,919,246
X-33 Total liabilities and net assetsStart of year $75,472,959$59,493,822
Part XI · Reconciliation of net assets $4,919,246 net assets at year end
XI-1 Total revenue$22,354,287
XI-2 Total expenses$21,503,099
XI-3 Revenue less expenses$851,188
XI-4 Net assets at start of year$4,321,998
XI-9 Other changes in net assets−$253,940
XI-10 Net assets at end of year$4,919,246

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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