Indianapolis Regional Economic Development Partnership, Inc in Indianapolis, Indiana (IN)

Indianapolis Regional Economic Development Partnership, Inc
Employer Identification Number (EIN)	351572318
Name of Organization	Indianapolis Regional Economic Development Partnership, Inc
Address	Indianapolis, IN 46204
Tax Period	2005
Asset Amount	$3,880,266
Amount of Income	$2,210,436
Form 990 Revenue Amount	$2,210,436
National Taxonomy of Exempt Entities (NTEE)	Community Improvement, Capacity Building: Economic Development

Non-representatives - add comments:

Amount of income in 2005: $2,210,436

This organization:	$2,210,436
Other organizations performing similar types of work:	$623,666

Assets in 2005: $3,880,266

Indianapolis Regional Economic Development Partnership, Inc:	$3,880,266
Other organizations performing similar types of work:	$2,159,711

Expenses in 2005: $2,453,208

This organization:	$2,453,208
Other organizations performing similar types of work:	$483,294

Income to expenses ratio in 2005: 0.9

Indianapolis Regional Economic Development Partnership, Inc:	0.9
Other organizations performing similar types of work:	1.1

Expenses allocated to program services in 2005: 0.0%

This organization:	0.0%
Other organizations performing similar types of work:	25.8%

Number of employees in 2005: 19

Indianapolis Regional Economic Development Partnership, Inc:	19
Other organizations performing similar types of work:	4

Employees paid over $50,000 in 2005: 0.0%

This organization:	0.0%
Other organizations performing similar types of work:	2.6%

Grants share in income in 2005: 66.4%

Indianapolis Regional Economic Development Partnership, Inc:	66.4%
Other organizations performing similar types of work:	28.9%

Financial snapshot ($)

Revenue for 2005

Assets at end of 2005

Income-Producing Activities for 2005

	2001	2002	2003	2004	2005
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$5,380,404	$5,146,163	$1,411,537	$1,318,726	$2,210,436
Contributions, gifts, grants, and similar amounts received	$4,727,218	$4,334,973	$667,372	$497,141	$1,468,440
Contributions to donor advised funds
Direct public support	$4,727,218	$4,316,093	$612,450	$476,625	$1,434,599
Indirect public support	$0	$18,880	$54,922	$20,516	$33,841
Government contributions (grants)	$0	$0	$0	$0	$0
Program service revenue including government fees and contracts	$631,095	$797,730	$722,432	$764,107	$686,901
Membership dues and assessments	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$2,085	$11,681	$10,454	$13,657	$53,945
Dividends and interest from securities	$0	$0	$0	$0	$0
Net rental income or (loss)	$0	$0	$0	$0	$0
Gross rents	$0	$0	$0	$0	$0
Less: rental expenses	$0	$0	$0	$0	$0
Other investment income	$0	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$3,414	$1,779	$-932	$0	$-859
Gross amount from sales of assets other than inventory	$5,300	$2,055	$4,152	$0	$0
Less: cost or other basis and sales expenses	$1,886	$276	$5,084	$0	$859
Net income or (loss) from special events and activities	$0	$0	$0	$0	$0
Gross revenue	$0	$0	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0	$0
Other revenue	$16,592	$0	$12,211	$43,821	$2,009
Total expenses	$2,464,983	$2,542,094	$2,214,880	$2,377,779	$2,453,208
Program services	$0	$0	$0	$0	$0
Management and general	$0	$0	$0	$0	$0
Fundraising	$0	$0	$0	$0	$0
Payments to affiliates	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$3,381,365	$5,985,434	$5,182,091	$4,123,038	$3,880,266
Excess or (deficit) for the year	$2,915,421	$2,604,069	$-803,343	$-1,059,053	$-242,772
Net assets or fund balances at beginning of year	$465,944	$3,381,365	$5,985,434	$5,182,091	$4,123,038
Other changes in net assets or fund balances	$0	$0	$0	$0	$0

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2005)
Total functional expenses	$2,453,208	$0	$0	$0
Grants paid from donor advised funds
Other grants and allocations		$0
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$236,467	$0	$0	$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above	$765,591	$0	$0	$0
Pension plan contributions not included above	$85,811	$0	$0	$0
Employee benefits not included above	$79,918	$0	$0	$0
Payroll taxes	$79,699	$0	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$0	$0	$0	$0
Legal fees	$0	$0	$0	$0
Supplies	$22,294	$0	$0	$0
Telephone	$28,730	$0	$0	$0
Postage and shipping	$31,828	$0	$0	$0
Occupancy	$129,937	$0	$0	$0
Equipment rental and maintenance	$45,985	$0	$0	$0
Printing and publications	$12,297	$0	$0	$0
Travel	$49,270	$0	$0	$0
Conferences, conventions, and meetings	$46,340	$0	$0	$0
Interest	$1,819	$0	$0	$0
Depreciation, depletion, etc.	$45,239	$0	$0	$0
Other expenses not covered above	$791,983	$0	$0	$0

	2001	2002	2003	2004	2005
Balance Sheets
Total assets	$3,642,748	$6,131,202	$5,397,763	$4,307,990	$4,086,432
Cash - non-interest-bearing	$4,143	$4,004	$4,015	$2,577	$1,578
Savings and temporary cash investments	$716,772	$309,237	$661,295	$1,359,864	$1,709,374
Accounts receivable less allowance for doubtful accounts	$21,779	$9,103	$61,684	$127,364	$38,947
Pledges receivable less allowance for doubtful accounts	$2,841,394	$5,103,397	$3,482,878	$1,526,434	$1,284,690
Grants receivable	$0	$175,000	$137,500	$302,625	$123,750
Receivables from current and former officers, directors, trustees, and key employees	$15,000	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0
Inventories for sale or use	$0	$0	$0	$0	$0
Prepaid expenses and deferred charges	$9,643	$11,050	$20,022	$17,941	$17,970
Investments - publicly-traded securities
Investments - other securities	$0	$440,000	$825,000	$800,000	$770,000
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0
Investments - other	$0	$0	$1,000	$1,000	$1,000
Land, buildings, and equipment less accumulated depreciation	$34,017	$79,411	$204,369	$170,185	$139,123
Other assets, including program-related investments	$0	$0	$0	$0	$0
Total liabilities	$261,383	$145,768	$215,672	$184,952	$206,166
Accounts payable and accrued expenses	$58,604	$74,946	$89,102	$52,740	$62,614
Grants payable	$0	$0	$0	$0	$0
Deferred revenue	$0	$54,199	$112,944	$121,330	$136,172
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0	$0
Mortgages and other notes payable	$0	$16,623	$13,626	$10,882	$7,380
Other liabilities	$202,779	$0	$0	$0	$0
Total liabilities and net assets/fund balances	$3,642,748	$6,131,202	$5,397,763	$4,307,990	$4,086,432
Total net assets or fund balances	$3,381,365	$5,985,434	$5,182,091	$4,123,038	$3,880,266

	2001	2002	2003	2004	2005
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$5,380,404	$5,146,163	$1,411,537	$1,318,726	$2,210,436
Total revenue, gains, and other support per audited financial statements	$5,099,412	$5,049,514	$1,606,863	$1,477,883	$2,437,280
Other expenses	$69,358	$211,641	$195,326	$159,157	$226,844
Net unrealized gains on investments	$0	$0	$0	$0	$0
Donated services and use of facilities	$69,358	$211,641	$195,326	$159,157	$226,844
Recoveries of prior year grants	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0
Other revenue	$350,350	$308,290	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0
Other	$350,350	$308,290	$0	$0	$0

	2001	2002	2003	2004	2005
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$2,464,983	$2,542,094	$2,214,880	$2,377,779	$2,453,208
Total expenses and losses per audited financial statements	$2,183,991	$2,445,445	$2,410,206	$2,536,936	$2,680,052
Other revenue	$69,358	$211,641	$195,326	$159,157	$226,844
Donated services and use of facilities	$69,358	$211,641	$195,326	$159,157	$226,844
Prior year adjustments	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0
Other expenses	$350,350	$308,290	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0
Other	$350,350	$308,290	$0	$0	$0

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	22
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	No

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	Yes
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?	No
Did the organization make only in-house lobbying expenditures of $2,000 or less?	Yes
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?	No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?	No
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006	19

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2005)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$55,095	$686,901
Program service revenue
Program service revenue 1	000000	$0	00	$0	$686,901
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$53,945	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))	$-859	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	Income from an activity that is not regularly carried on (section 512(a)(1))	$2,009	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2005)
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2005)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is

	2000	2001	2002	2003	2004
Support Schedule
Total	$0	$0	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0	$0	$0
Membership fees received	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$0	$0	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0
Other income	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2005)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Visit Indy Inc	200 S Capitol Ave Ste 300, Indianapolis, IN 46225-1063	IN	1946-08	$14,256,525
2	Whitewater Economic Development Crp	Richmond, IN 47374	IN		$2,481,826
3	Indianapolis Regional Economic Development Partnership, Inc	Indianapolis, IN 46204	IN		$2,210,436
4	Spirit Of 76 Inc	PO BOX 1876, Junction City, KS 66441-6876	KS	1976-07	$1,102,440
5	Evansville Regional Economic Development Corp	Evansville, IN 47708	IN		$658,964
6	Hamilton County Alliance Inc	37 East Main Street, Carmel, IN 46032-1927	IN		$419,127
7	Michigan City Economic Development Corporation, Mcedc	2 Cadence Park Plaza, Michigan City, IN 46360	IN	1973-02	$414,211
8	Region Iii-A Development And Regional Planning Commission	217 Fairview Blvd, Kendallville, IN 46755-2988	IN	1985-04	$390,821
9	Adams County Economic Development Corporation	PO BOX 492, Decatur, IN 46733-0492	IN		$200,923
10	Emporia Inc	2709 Washington Ave, Evansville, IN 47714-2411	IN	1999-06	$95,953
11	Old Westend Neighborhood Economic Redevelopment Corporation	Po Box 1614, Muncie, IN 47308	IN	1987-12	$5,437
12	Wisconsin Business Development Finance Corporation	100 River Pl1 Board Walkll, Monona, WI 53716	WI	1982-07	$6,747,667
13	Tri-County Council For Southern Maryland	PO BOX 745, Hughesville, MD 20637-0745	MD	1983-05	$6,090,097
14	City Urban Revitalization Corporation	68-700 Avenida Lalo Guerrero, Cathedral City, CA 92234-1208	CA	2002-06	$6,002,442
15	Iron County Action Plan Committee	PO BOX 108, Ironton, MO 63650	MO	2000-02	$5,517,378
16	West Central Arkansas Planning & Development District Inc	PO BOX 6409, Hot Springs, AR 71902-6409	AR	1996-03	$4,534,357
17	Southwest Arkansas Planning &	101 Harvey Couch Blvd, Magnolia, AR 71754	AR	1978-02	$3,421,370
18	Washington County Economic Development Partnership, Washington County Economic Development Inc	20 E Beau Street, Washington, PA 15301	PA	2006-12	$2,476,170
19	The Resource Inc	PO BOX 36, North Eastham, MA 02651-0036	MA	1994-05	$2,025,775
20	La Cocina Inc	2948 Folsom St, San Francisco, CA 94110-4028	CA	2007-08	$1,958,553

Number of organizations performing similar types of work

Alaska	7
Alabama	4
Arkansas	8
Arizona	5
California	16
Colorado	7
Connecticut	3
District of Columbia	3
Delaware	3
Florida	7
Georgia	2
Iowa	13
Idaho	2
Illinois	10
Indiana	11
Kansas	5
Kentucky	8
Louisiana	11
Massachusetts	4
Maryland	9
Maine	3
Michigan	11
Minnesota	5
Missouri	5

Mississippi	5
Montana	3
North Carolina	13
North Dakota	2
Nebraska	3
New Hampshire	3
New Jersey	8
New Mexico	2
New York	18
Ohio	10
Oklahoma	2
Oregon	1
Pennsylvania	39
South Carolina	5
South Dakota	4
Tennessee	3
Texas	25
Utah	3
Virginia	8
Vermont	5
Washington	6
Wisconsin	12
West Virginia	6
International	1

Total

349

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