Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and 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 | 16,421,813 | 0 | |
|
Total 1
|
16,421,813 | 0 | ||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (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) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (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) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (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) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (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 on 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) |
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| 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): |
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| 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 0.015 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 0.035 | 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 | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2023 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2023 |
(iii) Distributable Amount for 2023 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2023 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2023 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2023: | ||||
| a From 2018....... | ||||
| b From 2019....... | ||||
| c From 2020....... | ||||
| d From 2021....... | ||||
| e From 2022....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2023 distributable amount | ||||
|
i
Carryover from 2018 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2023 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2023 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2023, 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 2023. 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 2024. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2019..... | ||||
| b Excess from 2020..... | ||||
| c Excess from 2021..... | ||||
| d Excess from 2022..... | ||||
| e Excess from 2023..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| PART I, LINE 12(G) | CENTRAL INDIANA CORPORATE PARTNERSHIP, INC. 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 TEST UNDER 509(A)(2) WAS SATISFIED. AS FUNDING SOURCES ARE IDENTIFIED, THE PURPOSE OF SUPPORT IS DESIGNATED BEFORE FUNDING IS RECEIVED. ELIGIBLE PROJECTS ARE IDENTIFIED AS SUCH BASED ON THEIR NATURE AS CHARITABLE, EDUCATIONAL OR OTHERWISE DESCRIBED IN SECTION 170(C)(2)(B) OF THE INTERNAL REVENUE CODE. ACTIVITIES USUALLY FALL INTO THE CATEGORIES OF EDUCATION OF THE PUBLIC, 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: BROWN COUNTY SCHOOLS, CAREERWISE COLORADO, CENTER OF WORKFORCE INNOVATIONS, INC., CRAWFORDSVILLE COMMUNITY SCHOOLS, EARLY LEARNING INDIANA, INC., EASTBROOK COMMUNITY SCHOOLS CORPORATION, ALLIANCE FOR STRATEGIC GROWTH, INC., INDIANAPOLIS PRIVATE INDUSTRY COUNCIL, INC., GREATER INDIANAPOLIS CHAMBER OF COMMERCE, INC., INDIANA HEALTH INFORMATION EXCHANGE, INC., INDIANA UNIVERSITY, INDIANAPOLIS PUBLIC SCHOOLS, INDIANAPOLIS ZOOLOGICAL SOCIETY, INC., IVY TECH COMMUNITY COLLEGE, LEADERSHIP INDIANAPOLIS, INC., LOOGOOTEE COMMUNITY SCHOOL CORPORATION, MADISON CONSOLIDATED SCHOOL CORPORATION, MENTORS OF COLOR, INC, MITCHELL COMMUNITY SCHOOLS, NOBLE EDUCATIONAL INITIATIVES, INC., NORC AT THE UNIVERSITY OF CHICAGO, NORTHEAST DUBOIS COUNTY SCHOOL CORPORATION, NORTHERN INDIANA WORKFORCE BOARD, INC, ORLEANS COMMUNITY SCHOOLS, PACK AWAY HUNGER, INC., PERRY CENTRAL COMMUNITY SCHOOL CORPORATION, PLYMOUTH COMMUNITY SCHOOL CORPORATION, PURDUE UNIVERSITY, ELEVATE VENTURES, INC., REGION 10 WORKFORCE BOARD INC. DBA SOUTHERN INDIANA WORKS, RESEARCH TRIANGLE INSTITUTE, INC., SEYMOUR COMMUNITY SCHOOL CORPORATION, SOUTHEAST INDIANA WORKFORCE INVESTMENT BOARD, SOUTHERN INDIANA EDUCATION CENTER, INC., SPENCER-OWEN COMMUNITY SCHOOLS, STARTEDUP FOUNDATION, INC., THE BROOKINGS INSTITUTION, THE INDYHUB FOUNDATION, INC., UNIVERSITY OF NOTRE DAME DU LAC, VINCENNES UNIVERSITY, WESTERN WAYNE SCHOOLS, WESTFIELD WASHINGTON SCHOOLS, WHITE RIVER VALLEY SCHOOL CORPORATION, AND VARIOUS STIPENDS AND PROGRAM SPECIFIC AWARDS TO INDIVIDUALS. |
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| Return Reference | Explanation |
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| FORM 990, PAGE 1, LINE J | WEBSITE: WWW.CICPINDIANA.COM THE WEBSITE LISTED IS THAT OF CICP FOUNDATION'S SUPPORTED ORGANIZATION AND ONLY A PORTION OF THE INFORMATION ON THE SITE DESCRIBES THE ORGANIZATION'S PROGRAMS. |
| FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES (CONTINUED): | CICP PROGRAMS INCLUDING CROSS SECTOR RESEARCH AND PUBLIC EDUCATION PROGRAMS: CICP CONTINUED ITS WORK ON INCLUSIVITY AND EQUALITY IN THE BUSINESS SECTOR. BUSINESS EQUITY FOR INDY (BEI) CONVENES BUSINESS AND COMMUNITY PARTNERS TO FOSTER INCLUSIVITY AND ECONOMIC OPPORTUNITIES FOR BLACK RESIDENTS AND PEOPLE OF COLOR IN THE INDIANAPOLIS REGION. BEI IS A JOINT VENTURE BETWEEN CICP AND THE INDY CHAMBER, WITH SUPPORT FROM THE INDIANAPOLIS URBAN LEAGUE. BEI MADE NOTEWORTHY PROGRESS IN 2023, LAUNCHING A MEMBERSHIP PROGRAM, A COMMUNITY OF PRACTICE FOR HR AND DEI PROFESSIONALS, AND CREATING A MENTORSHIP EVENT TO SUPPORT YOUNG BLACK PROFESSIONALS. THE INITIATIVE LAUNCHED THE BEI PEOPLE COMMUNITY OF PRACTICE (PCP), A SERIES OF QUARTERLY EVENTS THAT BRING TOGETHER HR PROFESSIONALS AND OTHERS INVOLVED IN HIRING, WORKFORCE DEVELOPMENT AND PROMOTION TO LEARN AND SHARE INFORMATION ABOUT OPPORTUNITIES TO INCREASE EQUITY IN THEIR BUSINESSES. LEVERAGING BEI PARTNER ORGANIZATIONS, EACH EVENT FOCUSED ON TOPICS SUCH AS WORK-BASED LEARNING PROGRAMS, UPSKILLING, PARTNERING WITH BLACK YOUNG PROFESSIONAL ORGANIZATIONS AND OTHERS. FEATURED SPEAKERS REPRESENTED ORGANIZATIONS INCLUDING BE NIMBLE FOUNDATION, ONEAMERICA FINANCIAL, THE INDIANAPOLIS URBAN LEAGUE, IU HEALTH, INDY BLACK PROFESSIONALS, M2N AND OTHERS. CICP STEPPED UP SEVERAL COORDINATED PROGRAMS ACROSS ITS FIVE TALENT AND INDUSTRY SECTOR INITIATIVES FOCUSED ON THE CURRENT AND FUTURE WORKFORCE. CICP PARTNERED WITH NORC AT THE UNIVERSITY OF CHICAGO, ON A NEW SURVEY FOCUSED ON ENTREPRENEURSHIP IN THE POPULATION: INDIANA (EPOP-IN) TO LEARN WHAT MOTIVATIONS WERE DRIVING BUSINESS OWNERS SINCE HAVING A THRIVING ENTREPRENEURIAL ECOSYSTEM IS A CRITICAL PART OF A DRIVING ECONOMY. THE SURVEY FOUND THAT 60% OF HOOSIERS HAVE ENGAGED IN ENTREPRENEURSHIP AND MORE THAN 12% OF HOOSIERS ARE BUSINESS OWNERS. HOWEVER, MORE NEEDS TO BE DONE AS HOOSIER BUSINESS OWNERS CITED THAT MORE SUPPORT IS NEEDED TO GROW THEIR BUSINESSES. CICP LAUNCHED ITS NEW PUBLIC AWARENESS PROGRAM, SEE YOURSELF IN (SYI), TO HELP GEN Z HOOSIERS EXPLORE WHAT'S POSSIBLE IN THEIR FUTURES IN INDIANA'S ADVANCED INDUSTRIES. THROUGH THIS AWARENESS EFFORT, CICP AND ITS FIVE TALENT AND INDUSTRY SECTOR INITIATIVES IN PARTNERSHIP WITH THE INDIANA DEPARTMENT OF EDUCATION, ARE SHOWING OUR GEN Z AUDIENCE THE PEOPLE, BUSINESSES, AND CAREER PATHS THAT EXIST WITHIN AGBIOSCIENCES, LIFE SCIENCES, ADVANCED MANUFACTURING AND LOGISTICS, TECHNOLOGY AND MORE. |
| 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 2024 MEETING. THE RETURN WILL BE FILED TIMELY 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 THEY ARE ASKED TO CONFIRM OR REPORT THE FOLLOWING: (I) THAT THEY HAVE READ AND UNDERSTAND 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 THEIR ABILITY TO EXERCISE IMPARTIAL, ETHICAL, AND BUSINESS-BASED JUDGMENTS IN FULFILLING THEIR RESPONSIBILITIES TO CICP); (II) THAT THEY ARE IN COMPLIANCE WITH THE POLICY; (III) THAT THEY ARE REPORTING (WITH THEIR COMPLETED QUESTIONNAIRE) ALL ACTUAL OR POTENTIAL CONFLICTS OF INTEREST THAT ARISE AS A RESULT OF THEIR ROLE WITH CICP, AND EACH POSITION THAT THEY HOLD AS A DIRECTOR, TRUSTEE, OFFICER, OR EMPLOYEE OF ANY OTHER NONPROFIT ORGANIZATION; AND (IV) THAT THEY WILL REPORT PROMPTLY ANY CHANGES IN THE INFORMATION REPORTED IN THEIR 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 AND PRESIDENT/CFO (WHO ARE 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: CICP'S CEO AND PRESIDENT/CFO'S PERFORMANCE AND COMPENSATION ARE REVIEWED, ANALYZED, AND SET BY THE CICP EXECUTIVE COMMITTEE, WHICH USES A DISTINCT SET OF COMPARABLE DATA TO THE COMPENSATION OF OTHER EXECUTIVES IN SIMILAR POSITIONS IN OTHER ORGANIZATIONS. ADDITIONALLY, IN 2020 CICP ENGAGED MERCER, A NATIONAL HR CONSULTANCY FIRM, TO WORK WITH CICP TO DEVELOP AND ARTICULATE A FORMAL COMPENSATION STRATEGY AND PAY ANALYSIS OF CICP'S PRESIDENT AND CEO, CHIEF FINANCIAL OFFICER, AND SIX BRANDED INITIATIVE PRESIDENT AND CEO POSITIONS (EIGHT TOTAL EXECUTIVE POSITIONS). THE MERCER REPORT INCLUDES RECOMMENDATIONS REGARDING CICP'S EXECUTIVE COMPENSATION PHILOSOPHY; ANALYSIS OF EACH INCUMBENT'S POSITION IN THE COMPETITIVE MARKET FOR EACH COMPONENT OF COMPENSATION ANALYZED; GUIDELINES FOR EXECUTIVE PAY POSITIONING BASED ON EXPERIENCE, PERFORMANCE, MARKET MOVEMENT, ETC.; A PREVALENCE ANALYSIS OF SUPPLEMENTAL BENEFITS AND PERQUISITES RECEIVED BY EXECUTIVES; AND RECOMMENDATIONS REGARDING EXECUTIVE COMPENSATION PROGRAM MODIFICATIONS IN ORDER TO INCREASE ALIGNMENT WITH CICP'S EXECUTIVE COMPENSATION PHILOSOPHY AND MARKET BEST PRACTICES. THE MERCER REPORT WAS ADOPTED BY THE CICP EXECUTIVE COMMITTEE AT ITS NOVEMBER 10, 2020, MEETING. SEVERAL KEY EMPLOYEES ARE REVIEWED BY THEIR RESPECTIVE EXECUTIVE COMMITTEES OR DESIGNATED SUBCOMMITTEES ON AN ANNUAL BASIS, INCLUDING 2023. IN 2020, THE EXECUTIVE COMMITTEE BOARD CHAIRS FOR ALL BRANDED INITIATIVES ENGAGED IN MERCER'S PROCESS TO PRODUCE A REPORT, SIMILAR TO THE DOCUMENT PREPARED FOR CICP'S CEO AND PRESIDENT/CFO, WHICH WAS APPROVED IN A MEETING OF THE BOARD CHAIRS ON NOVEMBER 2, 2020. EACH YEAR EACH KEY EMPLOYEE SUBMITS A WRITTEN SELF-ASSESSMENT TO THE APPROPRIATE COMMITTEE PRIOR TO THE MEETING AT WHICH COMPENSATION IS ADDRESSED. THE COMMITTEE RECEIVES A LIST OF COMPENSATION COMPARABLES FROM THE CICP PRESIDENT/CFO. THE LIST COMPARES EACH EMPLOYEE'S COMPENSATION AGAINST THAT OF OTHER EXECUTIVES IN SIMILAR POSITIONS IN OTHER ORGANIZATIONS, THE FINDINGS OF THE MERCER STUDY, AS WELL AS THE COMPENSATION HISTORY FOR THE INDIVIDUAL. AT THE MEETING, THE INDIVIDUAL MAY REVIEW THE SELF-ASSESSMENT WITH THE COMMITTEE. THE INFORMATION PROVIDED IS USED TO DETERMINE 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 AND RESULTS OF THE MEETING ARE DOCUMENTED AND FORWARDED TO CICP'S PRESIDENT/CFO. THE DOCUMENTATION USUALLY REFLECTS (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 | 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(B) | OTHER EXPENSES: COMPENSATION ARRANGEMENT: CENTRAL INDIANA CORPORATE PARTNERSHIP, INC. (CICP) IS AFFILIATED WITH CICP FOUNDATION, INC., A 501(C)(3) CORPORATION; BC INITIATIVE, INC. (BCI), CLEANTECH SYSTEMS SOLUTIONS (CSS), TECHPOINT VENTURS (TPV), AND ASCEND INDIANA STRATEGIES (AIS), FOR PROFIT C CORPORATIONS. CICP EMPLOYS ALL WHO PROVIDE SERVICES ON BEHALF OF TO THE SIX ENTITIES. BASED ON INFORMATION PROVIDED BY CICP FOUNDATION, AIS, CSS, TPV, AND BCI; CICP ALLOCATES SALARY AND BENEFIT COSTS TO THE FOUNDATION, AIS, CSS, TPV, 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 IS ALLOCATED TO CICP FOUNDATION AND REIMBURSED TO CICP. EMPLOYEE TIME SPENT ON FOR-PROFIT AFFILIATED ENTITIES IS ALWAYS REIMBURSED. BASIS OF ACCOUNTING: MODIFIED CASH BASIS AS EMPLOYED BY CICP FOUNDATION FOR THE CONSOLIDATED FINANCIAL AUDIT AND THE RETURN 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. ACCOUNTING DIFFERS FROM GAAP FOR OPERATING LEASE RIGHT-OF-USE ASSETS OR LIABILITIES, COST OF INVESTMENTS AND COSTS ASSOCIATED WITH FURNITURE, FIXTURES AND EQUIPMENT. CONSISTENT WITH GAAP, EXPENSES ARE RECORDED AS THEY ARE INCURRED. |
| 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. AS REQUIRED BY CICP POLICIES AND IN CONJUNCTION WITH CICP, UNDER THE DIRECTION OF THE BOARD OF DIRECTORS, CICP INVITED FOUR FIRMS TO SUBMIT PROPOSALS PROVIDE AUDIT AND TAX SERVICES FOR 2021. AFTER REVIEW BY CICP MANAGEMENT AND THE BOARD OF DIRECTORS, THERE WAS NO CHANGE FROM THE PREVIOUS YEAR. |
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