Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
| (A)
CENTRAL INDIANA CORPORATE PARTNERSHIP INC |
352065459 | 10 | Yes | 11,663,697 | 0 | |
|
Total 1
|
11,663,697 | 0 | ||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2018 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2018 |
(iii) Distributable Amount for 2018 |
|
|---|---|---|---|---|
|
1
Distributable amount for 2018 from Section C, line 6 |
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|
2
Underdistributions, if any, for years prior to 2018 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2018: | ||||
| a From 2013....... | ||||
| b From 2014....... | ||||
| c From 2015....... | ||||
| d From 2016....... | ||||
| e From 2017....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2018 distributable amount | ||||
|
i
Carryover from 2013 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2018 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2018 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2018, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2018. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2019. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2014...... | ||||
| b Excess from 2015..... | ||||
| c Excess from 2016..... | ||||
| d Excess from 2017..... | ||||
| e Excess from 2018..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| PART I, LINE 12(G) | CENTRAL INDIANA CORPORATE PARTNERSHIP IS AN ORGANIZATION THAT IS TAX-EXEMPT UNDER SECTION 501(C)(6). |
| PART IV, SECTION A, LINE 3B | CENTRAL INDIANA CORPORATE PARTNERSHIP PROVIDES CICP FOUNDATION WITH A CALCULATION OF PUBLIC SUPPORT FOR THE TAXABLE YEAR, CONFIRMING THAT THE PUBLIC SUPPORT TESTS UNDER 509(A)(2) WERE SATISFIED. AS FUNDING SOURCES ARE IDENTIFIED, THE PURPOSE OF SUPPORT IS DESIGNATED BEFORE FUNDING IS RECEIVED. PROJECTS ARE ALSO IDENTIFIED AS TO ELIGIBILITY BASED ON WHETHER THEY ARE CHARITABLE, EDUCATIONAL OR OTHERWISE DESCRIBED IN SECTION 170(C)(2)(B) OF THE INTERNAL REVENUE CODE. ACTIVITIES USUALLY FALL INTO THE CATEGORIES OF EDUCATION, RESEARCH AND/OR WORKFORCE DEVELOPMENT. EXPENSES ARE MONITORED TO VERIFY FUNDING IS USED FOR THE PURPOSE AWARDED AND INTENDED BY THE DONOR. |
| PART IV, SECTION A, LINE 3C | CICP FOUNDATION WORKS CLOSELY WITH CENTRAL INDIANA CORPORATE PARTNERSHIP TO ENSURE THAT ALL SUPPORT IS USED FOR SECTION 170(C)(2)(B) PURPOSES. |
| PART IV, SECTION A, LINE 6: | CICP FOUNDATION ALSO PROVIDED FUNDING TO THE FOLLOWING ORGANIZATIONS IN FURTHERANCE OF THE EXEMPT PURPOSES OF CENTRAL INDIANA CORPORATE PARTNERSHIP: PURDUE UNIVERSITY, INDIANA UNIVERSITY, JDRF- INDIANA STATE CHAPTER, INDIANA ECONOMIC DEVELOPMENT CORPORATION, AND THE NATIONAL FFA FOUNDATION. |
| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PAGE 1, LINE J | WEBSITE: WWW.CICPINDIANA.COM THE WEBSITE LISTED IS THAT OF THE FOUNDATION'S SUPPORTED ORGANIZATION AND ONLY A PORTION OF THE INFORMATION ON THE SITE DESCRIBES THE FOUNDATION'S PROGRAMS. |
| FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES- TECHPOINT (CONTINUED): | TECHPOINT, A BRANDED INITIATIVE OF CICP, IS THE VOICE AND CATALYST FOR INDIANA'S TECHNOLOGY COMPANIES AND OVERALL TECH ECOSYSTEM. THE TEAM IS FOCUSED ON: ATTRACTING TALENT, ACCELERATING SCALE-UP COMPANIES, ACTIVATING THE COMMUNITY, AND AMPLIFYING STORIES OF SUCCESS. TECHPOINT'S CHARITABLE AND EDUCATIONAL ACTIVITIES ARE FUNDED BY CICP FOUNDATION. VISIT WWW.TECHPOINT.ORG. THE TECH INDUSTRY CONTINUES ITS RAPID GROWTH, AS EVIDENCED BY THE TECONOMY REPORT COMMISSIONED BY CICP FOUNDATION, CLUSTERS & DISRUPTORS: ENVISIONING CENTRAL INDIANA'S ECONOMIC FUTURE IN A TIME OF CHANGE. ACCORDING TO THE REPORT, INFORMATION TECHNOLOGY COMPANIES GENERATED BY FAR THE FASTEST EMPLOYMENT GROWTH FROM 2010-2016 (67 PERCENT) WHEN COMPARED TO INDIANA'S FIVE OTHER ADVANCED INDUSTRY CLUSTERS. 2016 DATA SHOWS TECH SECTOR EMPLOYMENT IN INDIANA AT 40,000 WORKERS, WHICH INCLUDES JOBS AT TECH COMPANIES AS WELL AS TECHNOLOGY JOBS IN OTHER INDUSTRIES. TALENT PROGRAMS INCLUDE XTERN, XTERN SEMESTER, THE GRID AND SALES BOOTCAMP. THE XTERN PROGRAM COMPLETED ITS FIFTH YEAR OF OPERATION IN 2018 AND CONTINUES TO ATTRACT TALENT FROM ALL OVER THE COUNTRY FOR THIS "ULTIMATE SUMMER INTERNSHIP EXPERIENCE". |
| FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES- OTHER (CONTINUED): | IN AUGUST OF 2017, LEADERS FROM INDIANA GOVERNMENT, THE STATE'S LARGEST MILITARY ASSET, INDUSTRY, AND RESEARCH UNIVERSITIES ESTABLISHED THE APPLIED RESEARCH INSTITUTE (ARI). ARI WILL FACILITATE AND MANAGE COLLABORATIVE RESEARCH TEAMS TO PURSUE FEDERAL GRANTS AND CONTRACTS AS WELL AS CORPORATE-SPONSORED RESEARCH. ARI WAS FORMED THROUGH A $16,225,000 GRANT FROM LILLY ENDOWMENT INC. TO CICP FOUNDATION INC. CICP STAFF HAS PROVIDED THE INITIAL STAFFING AND SUPPORT TO STAND UP ARI. IN APRIL 2018, THE ORGANIZATION REBRANDED AND NOW GOES BY ITS ASSUMED NAME, INDIANA INNOVATION INSTITUTE (IN3). BUILDING UPON PREVIOUS EFFORTS TO ENSURE EVERY HOOSIER STUDENT HAS ACCESS TO STEM-BASED LEARNING, CICP CONTINUED TO CONVENE KEY STAKEHOLDERS AND RESEARCH TO ADDRESS THE STEM EDUCATION GAP ACROSS THE STATE. INDIANA DOES NOT HAVE A CENTRAL POLICY OR STRATEGY FOR STEM EDUCATION, MAKING THE LEVERAGING OF OUR EFFORTS EVEN MORE IMPORTANT TO THE FUTURE SUCCESS OF INDIANA'S STUDENTS AND THE CONTINUED GROWTH OF TALENT TO POWER OUR STATE'S ADVANCED INDUSTRIES. IN ITS ROLE AS A CONVENER AND SUPPORTER OF EFFORTS TO IMPROVE AND GROW INDIANA TALENT, CICP WAS ASKED BY THE GOVERNOR'S WORKFORCE CABINET TO WORK ON THREE PROJECTS AIMED AT BUILDING A STRONG EDUCATION AND WORKFORCE DEVELOPMENT SYSTEM. THE CABINET IS A NEWLY ESTABLISHED WORKING GROUP WITH THE GOAL OF ENHANCING COORDINATION AMONG THE STATE WORKFORCE AND TALENT DEVELOPMENT PROGRAMS TO IMPROVE THE OVERALL QUALITY OF INDIANA'S WORKFORCE. FUNDED BY THE RICHARD M. FAIRBANKS FOUNDATION, CICP'S FIRST PROJECT FOCUSED ON DEVELOPING A PROMOTIONAL CAMPAIGN AIMED AT INCREASING THE PERCEIVED VALUE OF EDUCATION IN INDIANA, WHICH IS IMPORTANT FOR A STUDENT'S FUTURE SUCCESS. CICP COORDINATED THE RESEARCH AND RELEASE OF TWO LANDMARK REPORTS IN 2018 - BOTH OF WHICH UNCOVERED SEVERAL CHALLENGES TO CENTRAL INDIANA'S ECONOMY AS WELL AS FOUND OPPORTUNITIES TO ALIGN RESOURCES AND INVESTMENTS TO ADDRESS THESE CHALLENGES AND ENSURE ECONOMIC GROWTH. IN ADDITION, THE REPORT PROVIDES RECOMMENDATIONS FOR FOUR STRATEGIES TO HELP ADVANCE OPPORTUNITY IN THE LOCAL ECONOMY. CICP'S SECOND RESEARCH REPORT ADDRESSED THE CURRENT STATUS OF CENTRAL INDIANA'S ADVANCED INDUSTRY CLUSTERS OF STRENGTH, IDENTIFYING CURRENT BUSINESS TRENDS AND RAPIDLY CONVERGING TECHNOLOGICAL DEVELOPMENTS AROUND ARTIFICIAL INTELLIGENCE, AUTOMATION, PREDICTIVE ANALYTICS AND MACHINE LEARNING THAT WILL BOTH EXPEDITE AND COMPLICATE THE FUTURE FOR MANY OF THESE INDUSTRIES, IF NOT ALL. |
| FORM 990, PART V, LINE 2B: | ALL REQUIRED FEDERAL EMPLOYMENT TAX RETURNS FOR CICP FOUNDATION ARE FILED BY CENTRAL INDIANA CORPORATE PARTNERSHIP UNDER THE COMPENSATION ARRANGMENT AS REFERENCED FOR FORM 990, PART IX, LINE 24(A). |
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 WILL BE REVIEWED BY THE CICP FOUNDATION BOARD MEMBERS AT THEIR JULY 2019 MEETING. THE RETURN WILL BE FILED SOME TIME AFTER THE MEETING. |
| 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 15A | COMPENSATION FOR CICP FOUNDATION'S CEO (WHO IS EMPLOYED BY CENTRAL INDIANA CORPORATE PARTNERSHIP, INC.) IS DETERMINED AS DESCRIBED IN THE CICP FORM 990. THE PROCESS (AS ALSO DESCRIBED IN THE CICP FORM 990) IS AS FOLLOWS: THROUGH DECEMBER 31, 2018 DAVID L JOHNSON SERVED AS PRESIDENT AND CEO OF BOTH CENTRAL INDIANA CORPORATE PARTNERSHIP AND BIOCROSSROADS. EFFECTIVE JANUARY 1, 2019 DAVID L JOHNSON NOW SERVES SOLELY AS THE PRESIDENT AND CEO OF CICP ON A FULL TIME BASIS. HIS PERFORMANCE AND COMPENSATION FOR 2018 WAS REVIEWED, ANALYZED AND SET BY TWO GROUPS: (1) THE CICP EXECUTIVE COMMITTEE, AND (2) THE BIOCROSSROADS EXECUTIVE COMMITTEE. THE TWO-PART REVIEW PROCESS BEGINS WITH THE BIOCROSSROADS EXECUTIVE COMMITTEE, WHICH USES A DISTINCT SET OF COMPARABLES TO THE COMPENSATION OF OTHER EXECUTIVES IN SIMILAR POSITIONS IN OTHER ORGANIZATIONS, AS WELL AS A SEPARATE REVIEW OF COMPENSATION FOR THE ROLE OF PRESIDENT OF BIOCROSSROADS (AS FURTHER DESCRIBED IN THE FOLLOWING PARAGRAPH), TO ARRIVE AT A SALARY FIGURE. THIS FIGURE HAS HISTORICALLY BEEN ALLOCATED AS A PART OF THE COMPENSATION FOR THE ROLE OF PRESIDENT/CEO OF CICP AND EFFECTIVELY DETERMINES FIFTY PERCENT (50%) OF JOHNSON'S OVERALL SALARY. THE PROCESS OF THE CICP EXECUTIVE COMMITTEE TO SET COMPENSATION FOR A FULL TIME CEO IN 2019. THERE IS AN OVERLAP OF CICP MEMBERS WHO ARE ON BOTH THE BIOCROSSROADS EXECUTIVE COMMITTEE AND THE CICP EXECUTIVE COMMITTEE. THE CICP EXECUTIVE COMMITTEE UNDERGOES AND COMPLETES ITS OWN COMPENSATION REVIEW PROCESS (AS DESCRIBED IN MORE DETAIL IN THE FOLLOWING PARAGRAPH), AND THEN, TOOK INTO ACCOUNT THE 2018 FIGURE FROM THE BIOCROSSROADS EXECUTIVE COMMITTEE, AND DETERMINED THE COMPENSATION FOR THE ROLE OF PRESIDENT/CEO OF CICP AND JOHNSON'S RESULTING OVERALL COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 24(A) | OTHER EXPENSES: COMPENSATION ARRANGEMENT: CENTRAL INDIANA CORPORATE PARTNERSHIP, INC. (CICP) IS AFFILIATED WITH CICP FOUNDATION, INC., AND 16TECH COMMUNITY CORPORATION (16TECH), 501(C)(3) CORPORATIONS, BC INITIATIVE, INC., (BCI), CLEANTECH SYSTEMS SOLUTIONS (CSS) AND ASCEND INDIANA STRATEGIES (AIS), FOR PROFIT C CORPORATIONS. CICP EMPLOYS ALL WHO PROVIDE SERVICES TO THE SIX ENTITIES. BASED ON INFORMATION PROVIDED BY CICP FOUNDATION, AIS, 16TECH, CSS, AND BCI, CICP ALLOCATES SALARY AND BENEFIT COSTS TO THE FOUNDATION, AIS, 16TECH, CSS, AND BCI, AND IS REGULARLY REIMBURSED FOR THOSE COSTS. CICP HAS A SHARED SERVICES AGREEMENT WITH CICP FOUNDATION. CICP EMPLOYEES MAY WORK ON PROGRAMS FUNDED THROUGH CICP FOUNDATION. IN MOST CASES THE TIME SPENT WOULD BE ALLOCATED TO CICP FOUNDATION AND REIMBURSED TO CICP. EMPLOYEE TIME SPENT ON FOR-PROFIT AFFILIATED ENTITIES IS ALWAYS REIMBURSED. |
| FORM 990, PART XII, LINE 2C | COMMITTEE OVERSIGHT OF AUDIT: THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| FORM 990, PART XII, LINE 1 | BASIS OF ACCOUNTING: MODIFIED CASH BASIS AS EMPLOYED BY CICP FOUNDATION FOR THE CONSOLIDATED FINANCIAL AUDIT IS AS FOLLOWS: CICP FOUNDATION RECOGNIZES 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. |
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