Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| ORGANIZATION'S MISSION (CONTINUED FROM PART III) | FORM 990, PART III, LINE 1 | THE CHAMBER HAS A VISION OF CREATING A REGION WITH: -AN UNPARALLELED QUALITY OF LIFE -A COMPREHENSIVE MASS TRANSPORTATION SYSTEM -A STREAMLINED LOCAL GOVERNMENT STRUCTURE -AN EDUCATIONAL SYSTEM THAT IS SECOND TO NONE -A UNIFIED PURSUIT FOR ECONOMIC DEVELOPMENT |
| New program services | Form 990, Part III, Line 2 | IN JULY 2012, THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE (CHAMBER) ACQUIRED ALL OPERATING ACTIVITIES OF DEVELOP INDY AND THE CHAMBER BOARD ASSUMED CONTROL OF THE ORGANIZATION. THE ACQUISITION WAS AGREED TO BY DEVELOP INDY IN A PURCHASE AGREEMENT DATED JULY 16, 2012. THE CHAMBER ACQUIRED DEVELOP INDY IN AN EFFORT TO CREATE SYNERGIES BETWEEN THE TWO ENTITIES FOR THE CONTINUED ECONOMIC DEVELOPMENT OF THE CITY OF INDIANAPOLIS. |
| Delegate broad authority to a committee | Form 990, Part VI, Section A, Line 1a | COMPOSITION THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIRMAN OF THE BOARD AND FIVE (5) OR MORE OTHER MEMBERS OF THE BOARD OF DIRECTORS WHO SHALL BE DESIGNATED BY THE BOARD OF DIRECTORS UPON THE NOMINATION OF THE CHAIRMAN OF THE BOARD. THE CHAIRMAN OF THE BOARD SHALL ACT AS CHAIRMAN OF THE EXECUTIVE COMMITTEE, AND THE PRESIDENT OF THE CORPORATION SHALL ACT AS THE SECRETARY OF THE EXECUTIVE COMMITTEE. NO MEMBER OF THE EXECUTIVE COMMITTEE SHALL CONTINUE AS SUCH AFTER HE OR SHE CEASES TO BE A MEMBER OF THE BOARD OF DIRECTORS. DUTIES DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, AND SUBJECT TO SUCH LIMITATIONS AS MAY BE IMPOSED BY LAW, THE ARTICLES OF INCORPORATION OR THE BYLAWS, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE CORPORATION, EXCEPT THAT NO ACTION SHALL BE TAKEN WHICH SHALL CONFLICT WITH THE EXPRESSED POLICIES OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL CAUSE MINUTES OF ITS PROCEEDINGS TO BE KEPT AND FILED WITH THE MINUTES OF THE PROCEEDINGS OF THE BOARD OF DIRECTORS. ACTION BY CONSENT ANY ACTION REQUIRED OR PERMITTED TO BE TAKEN AT ANY MEETING OF THE EXECUTIVE COMMITTEE MAY BE TAKEN WITHOUT A MEETING IF THE ACTION IS CONSENTED TO BY TWO-THIRDS (2/3) OF THE MEMBERS OF THE EXECUTIVE COMMITTEE. THE ACTION MUST BE EVIDENCED BY AT LEAST ONE (1) WRITTEN CONSENT DESCRIBING THE ACTION TO BE TAKEN, SIGNED BY EACH MEMBER OF THE EXECUTIVE COMMITTEE WHO CONSENTS TO THE ACTION, AND INCLUDED IN THE MINUTES OR FILED WITH THE CORPORATE RECORDS REFLECTING THE ACTION TAKEN. ACTION TAKEN BY CONSENT IS EFFECTIVE ON THE DATE UPON WHICH AT LEAST TWO-THIRDS (2/3) OF THE MEMBERS OF THE EXECUTIVE COMMITTEE HAVE SIGNED THE CONSENT, UNLESS THE CONSENT SPECIFIES A PRIOR OR SUBSEQUENT EFFECTIVE DATE. |
| Family/business relationships amongst interested persons | Form 990, Part VI, Section A, Line 2 | STEVEN F. WALKER AND FRANK D. WALKER - FAMILY RELATIONSHIP, STEVEN F. WALKER AND FRANK D. WALKER - BUSINESS RELATIONSHIP, JOHN T. NEIGHBOURS AND J. ALBERT SMITH, JR. - FAMILY RELATIONSHIP, WILLIAM G. MAYS AND KRISTIN MAYS-CORBITT - FAMILY RELATIONSHIP, WILLIAM G. MAYS AND KRISTIN MAYS-CORBITT - BUSINESS RELATIONSHIP, DAVID M. BOWEN, KRIS BOWEN, DR. ROBERT L. BOWEN, P.E. - FAMILY RELATIONSHIP, KRIS BOWEN AND DR. ROBERT L. BOWEN, P.E. - BUSINESS RELATIONSHIP, JAMES E. DORA, JR & JAMES E DORA, SR. - FAMILY RELATIONSHIP, JAMES E. DORA, JR. & JAMES E. DORA, SR. - BUSINESS RELATIONSHIP, GENE E. SEASE & DAVID G. SEASE - FAMILY RELATIONSHIP, GENE E. SEASE & DAVID G. SEASE - BUSINESS RELATIONSHIP |
| Classes of members or stockholders | Form 990, Part VI, Section A, Line 6 | THE CHAMBER HAS THREE CLASSES OF MEMBERS. REGULAR MEMBERS, MEMBERS PAYING UP TO $17,499 IN ANNUAL DUES, HAVE ACCESS TO ALL BUT TWO EVENTS DURING THE YEAR, ALL NEWSLETTER AND PUBLICATIONS, ALL DISCOUNT PROGRAMS, AND THE ABILITY TO BE NOMINATED TO THE BOARD. COMMERCIAL CLUB MEMBERS, MEMBERS PAYING $17,500 - $49,999 IN ANNUAL DUES, HAVE THE SAME RIGHTS AS REGULAR MEMBERS, BUT THEY ARE INVITED TO THE TOP INVESTOR DINNER, LEADERSHIP EXCHANGE TRIP, AND ARE CONSIDERED FOR A SEAT ON THE BOARD. LASTLY, LEADERSHIP CIRCLE MEMBERS, MEMBERS PAYING $50,000 OR ABOVE, HAVE THE SAME RIGHTS AS COMMERCIAL CLUB MEMBERS, BUT ARE GUARANTEED A SEAT ON THE EXECUTIVE COMMITTEE AS WELL. |
| Members or stockholders electing members of governing body | Form 990, Part VI, Section A, Line 7a | MEMBERS ELECT THE BOARD AT THE ANNUAL MEETING OF THE MEMBERS IN DECEMBER. |
| Review of form 990 by governing body | Form 990, Part VI, Section B, Line 11b | THE FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT. IN ADDITION, THE FINANCE COMMITTEE APPROVES THE TAX RETURN AND A FULL COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. THE BOARD OF DIRECTORS MAY COMMENT ON OR ASK QUESTIONS REGARDING ANY PORTION OF THE FORM 990. |
| Conflict of interest policy | Form 990, Part VI, Section B, Line 12c | THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. ANNUAL QUESTIONNAIRES ARE COMPLETED BY EACH INTERESTED PERSON AND ARE REVIEWED BY THE VICE PRESIDENT OF FINANCE. THE PRESIDENT OF THE CHAMBER IS THEN MADE AWARE OF ANY CONFLICTS THAT EXIST. IF A MEMBER OF THE BOARD HAS A CONFLICT OF INTEREST, THE PRESIDENT MAKES SURE THE CHAIRMAN OF THE BOARD IS AWARE OF THE CONFLICT. THE CHAIRMAN WILL ASK THE MEMBER TO EXCUSE THEMSELVES FROM ANY DISCUSSIONS AND DECISIONS THAT INVOLVE THE CONFLICT. |
| PROCESS FOR DETERMINING COMPENSATION FOR TOP MANAGEMENT OFFICIALS | FORM 990, PART VI, LINE 15A | HISTORICALLY, COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL WAS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE AND COMPENSATION COMMITTEE ANNUALLY IN FEBRUARY. COMPENSATION DATA IN THE FORM OF SALARY SURVEYS WERE UTILIZED TO DETERMINE REASONABLE COMPENSATION, AND MINUTES WERE TAKEN AT THE MEETINGS TO DOCUMENT THE APPROVAL PROCESS BY BOTH THE EXECUTIVE AND COMPENSATION COMMITTEES. THIS REVIEW PROCESS WAS IN PLACE THROUGH THE DATE OF THE ORGANIZATION'S ACQUISITION OF DEVELOP INDY'S ACTIVITIES. SUBSEQUENT TO THE ORGANIZATION'S ACQUISITION OF DEVELOP INDY'S ACTIVITIES, COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL WAS ESTABLISHED AND PAID BY AN UNRELATED ORGANIZATION FOR SERVICES PROVIDED TO THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE. THE CHAMBER'S COMPENSATION COMMITTEE APPROVES THE AMOUNT OF COMPENSATION TO BE PAID BY THE UNRELATED ORGANIZATION TO ITS TOP MANAGEMENT OFFICIAL. |
| PROCESS FOR DETERMINING COMPENSATION FOR OFFICERS AND KEY EMPLOYEES | FORM 990, PART VI, LINE 15B | HISTORICALLY, COMPENSATION FOR THE ORGANIZATION'S OTHER OFFICERS AND KEY EMPLOYEES WAS REVIEWED AND APPROVED BY THE PRESIDENT. COMPARABLE COMPENSATION DATA WAS UTILIZED IN MAKING THE FINAL DETERMINATION REGARDING COMPENSATION, AND THE PRESIDENT'S DECISIONS WERE DOCUMENTED. THIS REVIEW PROCESS WAS IN PLACE THROUGH THE DATE OF THE ORGANIZATION'S ACQUISITION OF DEVELOP INDY'S ACTIVITIES. SUBSEQUENT TO THE ORGANIZATION'S ACQUISITION OF DEVELOP INDY'S ACTIVITIES, COMPENSATION FOR THE ORGANIZATION'S OTHER OFFICERS AND KEY EMPLOYEES WAS ESTABLISHED AND PAID BY AN UNRELATED ORGANIZATION FOR SERVICES PROVIDED TO THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE. THE CHAMBER'S PRESIDENT APPROVES THE AMOUNT OF COMPENSATION TO BE PAID BY THE UNRELATED ORGANIZATION TO ITS OTHER OFFICERS AND KEY EMPLOYEES. |
| Governing documents, conflict of interest policy and financial statements available to the public | Form 990, Part VI, Section C, Line 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| Form 990, Part VII, Section A, Line 5 | Compensation from an unrelated organization or individual | NAME - ROLAND DORSON, COMPENSATION FROM UNRELATED ORGANIZATION - 97,286, NAME OF UNRELATED ORGANIZATION - HUMAN CAPITAL CONCEPTS, TYPE OF COMPENSATION - EMPLOYEE COMPENSATION - SEVERANCE;NAME - SCOTT MILLER, COMPENSATION FROM UNRELATED ORGANIZATION - 108,399, NAME OF UNRELATED ORGANIZATION - HUMAN CAPITAL CONCEPTS, TYPE OF COMPENSATION - EMPLOYEE COMPENSATION;NAME - LAURA GRONINGER, COMPENSATION FROM UNRELATED ORGANIZATION - 45,375, NAME OF UNRELATED ORGANIZATION - HUMAN CAPITAL CONCEPTS, TYPE OF COMPENSATION - EMPLOYEE COMPENSATION;NAME - DONNA MARINO, COMPENSATION FROM UNRELATED ORGANIZATION - 21,852, NAME OF UNRELATED ORGANIZATION - HUMAN CAPITAL CONCEPTS, TYPE OF COMPENSATION - EMPLOYEE COMPENSATION; |
| 16 TECH / ECONOMIC DEVELOPMENT EXPENSES | FORM 990, PART IX, LINE 24C | IN 2011, THE CITY OF INDIANAPOLIS ANNOUNCED PLANS FOR THE DEVELOPMENT OF THE 16 DOWNTOWN TECHNOLOGY DISTRICT, A PROGRESSIVE CERTIFIED TECHNOLOGY DISTRICT STRATEGICALLY LOCATED AT THE CENTER OF INDIANA'S LIFE SCIENCES AND TECHNOLOGY SECTORS, WITHIN WALKING DISTANCE TO THE NATION'S SECOND LARGEST MEDICAL SCHOOL ADJACENT TO A NEXUS OF INTERNATIONALLY RECOGNIZED ACADEMIC INSTITUTIONS FOCUSED ON RESEARCH, COLLABORATION AND DISCOVERY. OTHERWISE KNOWN AS 16 TECH, THIS NEW DOWNTOWN TECHNOLOGY DISTRICT IS AIMED AT PROVIDING A COMMUNITY IN WHICH RESIDENTS AND WORKERS CAN LIVE, WORK, PLAY, AND LEARN IN CLOSE PROXIMITY TO DOWNTOWN. THE VISION FOR 16 TECH CAME INTO FOCUS IN 2010, AND CAPITALIZES ON THE MOMENTUM OF CENTRAL INDIANA'S GROWTH IN THE LIFE SCIENCES AND TECHNOLOGY SECTORS. 16 TECH IS AN INDIANA CERTIFIED TECHNOLOGY PARK OFFERING ONE MILLION SQUARE FEET OF DEVELOPMENT AND REDEVELOPMENT OPPORTUNITIES -- IT'S A PROGRESSIVE, URBAN TECHNOLOGY PARK, BUILT WITH SUSTAINABILITY IN MIND. 16 TECH IS LOCATED WITHIN THE DOWNTOWN CERTIFIED TECHNOLOGY PARK CREATED BY THE STATE OF INDIANA IN 2003. THE AREA WAS DESIGNATED A LIFE SCIENCES DISTRICT IN 2004 UNDER THE INDIANAPOLIS REGIONAL CENTER PLAN 2020. SINCE THEN, NO PROGRESS WAS MADE ON THE PARK'S DEVELOPMENT UNTIL MAYOR BALLARD APPOINTED A TASK FORCE IN 2009 TO STUDY THE AREA AND MAKE RECOMMENDATIONS ON A DEVELOPMENT PLAN. THE CITY OF INDIANAPOLIS' ANNOUNCEMENT OF PLANS TO DEVELOP 16 TECH IS THE RESULT OF THE WORK OF THE TASK FORCE AND THE COMMITMENT BY THE CITY TO BEGIN MAKING THE NECESSARY INVESTMENTS TO MOVE 16 TECH FORWARD. |
| 16 TECH / ECONOMIC DEVELOPMENT EXPENSES (CONTINUED) | FORM 990, PART IX, LINE 24C | IT IS BELIEVED THAT THE STREETSCAPE PROJECT WILL CREATE THE INFRASTRUCTURE NECESSARY TO HELP MOTIVATE BOTH COMMERCIAL AND RESIDENTIAL TENANTS TO CHOOSE TO LIVE AND WORK IN THE DISTRICT, AS THE PROJECT WILL CREATE A DESTINATION PLACE FOR MODERN URBAN LIVING AND A PRIME OPPORTUNITY FOR COMPANIES LOOKING TO LOCATE NEAR INDY'S URBAN CORE WITHIN WALKING DISTANCE TO A MAJOR NEXUS OF EDUCATION, RESEARCH, AND HEALTHCARE INSTITUTIONS. AS PART OF THE CITY'S EFFORTS TO ATTRACT HIGH-TECH BUSINESSES, THE MASTER PLAN ALLOWS FOR UP TO ONE MILLION SQUARE FEET OF DEVELOPMENT AND REDEVELOPMENT OPPORTUNITIES ANCHORED BY HELIX PARK, A MULTI-ACRE CENTRAL PARK. THE DISTRICT'S UNIQUE AND SUSTAINABLE DESIGN FEATURES AN INNOVATIVE BIOSWALE DRAINAGE SYSTEM, ATTRACTIVE STREETSCAPES, PUBLIC ART AND A BICYCLE/WALKING TRAIL. THE REDEVELOPMENT ALSO INCLUDES PLANS TO TURN THE BUSH STADIUM INTO THE STADIUM LOFTS APARTMENT COMPLEX WITH THE SHELL AND THE HISTORIC FACADE OF THE STADIUM MAINTAINED IN ITS ORIGINAL FORM, AS A MEANS TO PROVIDE PROFESSIONALS YOUNG AND OLD THE OPPORTUNITY TO LIVE INSIDE A PIECE OF HISTORY. 16 TECH IS BEING DESIGNED AND MARKETED TO ATTRACT TO DOWNTOWN INDIANAPOLIS RESEARCH FIRMS, CONTRACT SERVICE PROVIDERS, AND HIGH-TECH COMPANIES IN SUCH INDUSTRIES AS INFORMATION TECHNOLOGY, HEALTH INFORMATION TECHNOLOGY, MOTORSPORTS, BIOTECHNOLOGY, AND CLEAN ENERGY. THE MASTER PLAN CREATES A VISION FOR A DISTRICT IN WHICH RESIDENTS AND WORKERS CAN LIVE, WORK, PLAY, AND LEARN IN CLOSE PROXIMITY TO DOWNTOWN, THE IUPUI CAMPUS AND THE INDIANA UNIVERSITY SCHOOL OF MEDICINE. |
| Other changes in net assets or fund balances | Form 990 , Part XI, Line 9 | DEVELOP INDY MERGER - 1465317; |
| Software ID: | 12000266 |
| Software Version: | v2012.1.0 |