Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE SEVEN-MEMBER CICP EXECUTIVE COMMITTEE WILL REVIEW THE RETURN BEFORE IT IS FILED. THE GROUP WILL HAVE AN OPPORTUNITY TO DISCUSS THE RETURN AT ITS NOVEMBER 2011 MEETING. AS SOON AS POSSIBLE AFTER THAT MEETING, THE FORM WILL BE E-MAILED TO THE FULL BOARD WITH AN EXPLANATION REGARDING THE REQUIRED PROCEDURE; WE EXPLAIN THAT THE FORM HAS BEEN REVIEWED BY MANAGEMENT AND THE EXECUTIVE COMMITTEE AND WE ENCOURAGE THE BOARD MEMBERS TO CONTACT MANAGEMENT WITH QUESTIONS AND CONCERNS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR, OFFICER, AND STAFF MEMBER ANNUALLY RECEIVES A CONFLICT OF INTEREST QUESTIONNAIRE THROUGH WHICH HE OR SHE IS ASKED TO CONFIRM OR REPORT THE FOLLOWING: (I) THAT HE OR SHE HAS READ AND UNDERSTANDS CICP'S CONFLICT OF INTEREST POLICY (WHICH IMPOSES UPON DIRECTORS, OFFICERS, AND STAFF A CONTINUING, AFFIRMATIVE DUTY TO REPORT ANY PERSONAL OWNERSHIP, INTEREST, OR RELATIONSHIP THAT MIGHT AFFECT HIS OR HER ABILITY TO EXERCISE IMPARTIAL, ETHICAL, AND BUSINESS-BASED JUDGMENTS IN FULFILLING THEIR RESPONSIBILITIES TO CICP); (II) THAT HE OR SHE IS IN COMPLIANCE WITH THE POLICY; (III) THAT HE OR SHE IS REPORTING (WITH HIS OR HER COMPLETED QUESTIONNAIRE) ALL ACTUAL OR POTENTIAL CONFLICTS OF INTEREST THAT ARISE AS A RESULT OF HIS OR HER ROLE WITH CICP, AND EACH POSITION THAT HE OR SHE HOLDS AS A DIRECTOR, TRUSTEE, OFFICER, OR EMPLOYEE OF ANY OTHER NONPROFIT ORGANIZATION; AND (IV) THAT HE OR SHE WILL REPORT PROMPTLY ANY CHANGES IN THE INFORMATION REPORTED IN HIS OR HER QUESTIONNAIRE OR IN ANY OTHER MATTERS THAT MIGHT AFFECT COMPLIANCE WITH THE POLICY. THE EXECUTIVE ASSISTANT TO THE CEO COLLECTS AND REVIEWS THE QUESTIONNAIRES AS THEY ARE RETURNED, ALERTS THE CEO TO ANY CONFLICTS THAT HAVE BEEN REPORTED, AND MAKES SURE THAT ALL WHO ARE REQUIRED TO COMPLETE A CONFLICT QUESTIONNAIRE HAVE DONE SO. WHEN AN INDIVIDUAL REPORTS AN ACTUAL, POTENTIAL, OR PERCEIVED CONFLICT OF INTEREST, CICP FOLLOWS THE PROCEDURES OUTLINED IN ITS POLICY FOR DISCLOSURE OF CONFLICTS TO THE APPLICABLE BODY OF DECISION-MAKERS AND RECUSAL OF INDIVIDUAL(S) WITH CONFLICTS FROM THE DECISION-MAKING PROCESS. PURSUANT TO THE POLICY, THE CICP BOARD IS RESPONSIBLE FOR THE OVERSIGHT OF, AND ACTION REGARDING, ALL DISCLOSURES AND/OR FAILURES TO DISCLOSE. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PRESIDENT/CEO AND CFO OF CICP ARE REVIEWED BY THE CICP EXECUTIVE COMMITTEE. THE CEO'S OF THE CICP INITIATIVES (BIOCROSSROADS, CONEXUS INDIANA, INDY PARTNERSHIP, TECHPOINT AND ENERGY SYSTEMS NETWORK) ARE REVIEWED BY THEIR RESPECTIVE EXECUTIVE COMMITTEES OR DESIGNATED SUBCOMMITTEES. EACH YEAR (INCLUDING 2010), EACH INDIVIDUAL SUBMITS A WRITTEN SELF-ASSESSMENT TO THE APPROPRIATE COMMITTEE ABOUT ONE WEEK BEFORE THE MEETING AT WHICH COMPENSATION WILL BE ADDRESSED. THE COMMITTEE RECEIVES FROM THE CICP CFO A LIST OF COMPARABLES TO THE COMPENSATION OF OTHER EXECUTIVES IN SIMILAR POSITIONS IN OTHER ORGANIZATIONS AS WELL AS THE COMPENSATION HISTORY FOR THE INDIVIDUAL. AT THE MEETING, THE INDIVIDUAL MAY REVIEW THE SELF- ASSESSMENT WITH THE COMMITTEE. THE INDIVIDUAL IS EXCUSED AND THE COMMITTEE DISCUSSES PERFORMANCE FURTHER AND THEN REVIEWS THE LIST OF COMPARABLES AND DETERMINES ANY COMPENSATION ADJUSTMENT TO BE MADE. THE CHAIRMAN OF THE REVIEWING COMMITTEE AND ONE OTHER MEMBER MEET WITH THE INDIVIDUAL AND REVIEW THE CONCLUSIONS OF THE GROUP REGARDING PERFORMANCE AND COMPENSATION ADJUSTMENT, IF ANY. THE COMPENSATION TERMS ARE REFLECTED IN THE MINUTES OF THE REVIEWING COMMITTEE AND DISTRIBUTED NO LATER THAN THE NEXT MEETING OF THE COMMITTEE OR 60 DAYS AFTER THE DATE OF THE MEETING AT WHICH THE COMPENSATION IS APPROVED, WHICHEVER IS LATER. THE MINUTES REFLECT (I) THE DATE ON WHICH THE COMPENSATION WAS APPROVED, (II) THE MEMBERS OF THE COMMITTEE WHO WERE PRESENT AND VOTED ON THE COMPENSATION TERMS, (III) THE COMPARABILITY DATA THAT WAS OBTAINED, REVIEWED, AND RELIED ON BY THE COMMITTEE (AND HOW THE DATA WAS OBTAINED AND USED), AND (IV) ANY RECUSAL OR WITHDRAWAL BY A MEMBER OF THE COMMITTEE WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION (THE LAST POINT IS AN UNLIKELY SCENARIO). | |
| FORM 990, PART VI, SECTION C, LINE 19 | CICP'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| COMMITTEE OVERSIGHT OF AUDIT: | FORM 990, PART XII, LINE 2C | THE EXECUTIVE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR. THERE HAS BEEN NO CHANGE FROM THE PREVIOUS YEAR. |
| CONTINUATION OF ORGANIZATION'S MISSION AND SIGNIFICANT ACTIVITIES: | FORM 990, PART 1, LINE 1 | CICP HAS BUILT A UNIFIED STRUCTURE FOR REGIONAL ECONOMIC DEVELOPMENT, LEADING A FAMILY OF INITIATIVES FOCUSED ON INDIANA'S MOST DYNAMIC, FAST-GROWING INDUSTRIES - THE LIFE SCIENCES, TECHNOLOGY, ADVANCED MANUFACTURING AND LOGISTICS, AND CLEAN ENERGY TECHNOLOGY. CICP ALSO DEVOTES RESOURCES AND HUMAN ENERGY TOWARD ATTRACTING NEW BUSINESSES TO CENTRAL INDIANA. IN ADDITION, IN 2010, THE CICP BOARD FOCUSED ON EDUCATION REFORM, WITH PARTICULAR ATTENTION TO ENDORSING A POLICY THAT WOULD REQUIRE THIRD GRADE CHILDREN TO READ AT GRADE LEVEL BEFORE BEING PROMOTED TO THE FOURTH GRADE, IMPROVING MASS TRANSIT IN CENTRAL INDIANA AND CONTINUING ITS EFFORTS TO ADVOCATE FOR LOCAL GOVERNMENT REFORM. |
| COMPENSATION ARRANGEMENT: | FORM 990, PART IX, LINE 7-LINE 10 | CENTRAL INDIANA CORPORATE PARTNERSHIP, INC. (CICP) IS AFFILIATED WITH CICP FOUNDATION, INC., A 501(C)(3) CORPORATION AND BC INITIATIVE, INC., (BCI) A FOR PROFIT C CORPORATION. CICP EMPLOYS ALL WHO WORK FOR THE THREE ENTITIES. BASED ON INFORMATION PROVIDED BY THE FOUNDATION AND BCI, CICP ALLOCATES SALARY AND BENEFIT COSTS TO THE FOUNDATION AND BCI AND IS REGULARLY REIMBURSED FOR THOSE COSTS. ADMINISTRATIVE EXPENSES INCURRED BY CICP FOR THE BENEFIT OF THE OTHER TWO ENTITIES ALSO ARE DOCUMENTED AND REIMBURSED. SIMILARLY, IF EITHER OF THE OTHER TWO ENTITIES INCURS EXPENSES THAT ARE ALLOCATED TO CICP, CICP PROVIDES REIMBURSEMENT. |
| SOLICITATION OF CONTRIBUTIONS: | FORM 990, PART V, LINE 6 A/B | CICP DISCOVERED ITS FAILURE TO INCLUDE THE STATEMENTS INQUIRED AFTER BY THIS ITEM PART-WAY THROUGH 2010. CICP NOW INCLUDES APPROPRIATE STATEMENTS REGARDING THE NON-DEDUCTIBILITY, UNDER CODE SECTION 170, OF CONTRIBUTIONS TO IT. |
| BASIS OF ACCOUNTING: | FORM 990 | MODIFIED CASH BASIS AS EMPLOYED BY CICP AND CICP FOUNDATION FOR THE CONSOLIDATED FINANCIAL AUDIT IS AS FOLLOWS: CICP AND CICP FOUNDATION RECOGNIZE CASH RECEIPTS THAT ARE DESIGNATED FOR CURRENT YEAR OPERATIONS WHEN RECEIVED. THUS, MULTI-YEAR PLEDGES ARE NOT RECORDED AS INCOME UNTIL THE CASH IS RECEIVED. CASH RECEIVED FOR MULTI-YEAR GRANTS IS RECORDED AS DEFERRED INCOME AND IS RECOGNIZED AS INCOME WHEN ASSOCIATED EXPENSES HAVE BEEN INCURRED. EXPENSES ARE ACCOUNTED FOR USING THE GAAP ACCRUAL METHOD. |
| ALL OTHER EXPENSES: | FORM 990, PART IX, LINE 24F | AS DISCUSSED IN THE SCHEDULE O REFERENCE TO FORM 990, PART IX, LINE 7-LINE 10, CICP HAS A COMPENSATION AGREEMENT WITH CICP FOUNDATION, INC. AND BC INITIATIVE, INC. THE AMOUNT LISTED ON LINE 24F IS EXPRESSED AS A NEGATIVE DOLLAR VALUE AS IT REPRESENTS SALARY REIMBURSEMENT MADE TO CICP. BECAUSE THIS AMOUNT IS NOT A TRUE EXPENSE TO CICP, WE HAVE DETERMINED THE $2,968,417 SHOULD NOT BE INCLUDED ON CICP'S FUNCTIONAL EXPENSE SALARY LINE, BUT BROKEN OUT ON PART IX, LINE 24F AS SHOWN. |
| EXPLANATION OF EXPENSE: | FORM 990, PART IX, LINE 24E | AS DISCUSSED IN THE SCHEDULE O REFERENCE TO FORM 990, PART IX, LINE 7- LINE 10, CICP HAS A COMPENSATION AGREEMENT WITH CICP FOUNDATION, INC. AND BC INITIATIVE, INC. THE AMOUNT LISTED ON LINE 24E IS EXPRESSED AS A NEGATIVE DOLLAR VALUE AS IT REPRESENTS SALARY REIMBURSEMENT MADE TO CICP. |
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