Overview
What is Greater Indianapolis Foreign Trade Zone Inc?
Greater Indianapolis Foreign Trade Zone Inc is a nonprofit organization established in Indianapolis, Indiana. Their primary mission is to facilitate business operations by providing a Foreign Trade Zone (FTZ) for central Indiana. This service allows companies to store overseas products without immediately paying the associated United States customs duties. By utilizing the FTZ, businesses can defer or reduce these costs, ultimately making international trade more financially viable. The operation of this FTZ contributes to the economic growth and competitiveness of the central Indiana region.
Official website here: www.inzone.org
Is Greater Indianapolis Foreign Trade Zone Inc legitimate?
Greater Indianapolis Foreign Trade Zone Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Greater Indianapolis Foreign Trade Zone Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Official website here: www.inzone.org
What is the mission statement of Greater Indianapolis Foreign Trade Zone Inc?
Greater Indianapolis Foreign Trade Zone Inc's primary mission is centered around operating a Foreign Trade Zone within Central Indiana. This operation serves as a logistics solution for businesses, allowing them to store overseas products without incurring upfront United States customs duties. By doing so, the organization facilitates cost savings and smoother international trade processes for businesses within the region.
Official website here: www.inzone.org
Who is the CEO of Greater Indianapolis Foreign Trade Zone Inc?
Jeffrey Gaither is the Chairman of Greater Indianapolis Foreign Trade Zone Inc.
Official website here: www.inzone.org
What is the revenue of Greater Indianapolis Foreign Trade Zone Inc?
Greater Indianapolis Foreign Trade Zone Inc's revenue in 2022 was $745,523.
Official website here: www.inzone.org
Who are the executives of Greater Indianapolis Foreign Trade Zone Inc and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.inzone.org
Where can I find the form 990 for Greater Indianapolis Foreign Trade Zone Inc?
Greater Indianapolis Foreign Trade Zone Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.inzone.org
Learn more at the official website: www.inzone.org
Mission Statement of Greater Indianapolis Foreign Trade Zone Inc
Greater Indianapolis Foreign Trade Zone Inc, as outlined in the provided information, is primarily engaged in the operation of a Foreign Trade Zone for central Indiana. This mission entails providing third-party logistics services for businesses, allowing them to store overseas products without having to pay upfront United States customs duties. By operating a Foreign Trade Zone, Greater Indianapolis Foreign Trade Zone Inc contributes to the ease of international trade and commerce for businesses within the region. This service can be particularly beneficial for businesses dealing with overseas products, as it can help them save on customs duties and streamline their import and export processes. The operation of a Foreign Trade Zone is a crucial role that Greater Indianapolis Foreign Trade Zone Inc plays in facilitating international trade and supporting businesses in central Indiana.
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Impact
October, 2024
Greater Indianapolis Foreign Trade Zone Inc significantly enhances the economic landscape of Central Indiana by operating a Foreign Trade Zone that streamlines international trade processes. By providing third-party logistics, it enables businesses to store overseas products without the burden of paying upfront U.S. customs duties, thus improving cash flow and operational efficiency.
This initiative fosters a more competitive environment for local businesses, allowing them to defer duties until goods are imported into the U.S. market. As a result, companies can allocate resources more effectively, invest in growth, and create jobs. The presence of this trade zone attracts foreign investment and supports community improvement by bolstering trade and commerce in the region. Overall, Greater Indianapolis Foreign Trade Zone Inc plays a crucial role in facilitating trade, enhancing economic development, and positioning Central Indiana as a strategic hub for international business.
This information is meant to be a general summary of Greater Indianapolis Foreign Trade Zone Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $806
- Program Service Revenue: $744,717
- Gross Receipts: $745,523
Assets and Liabilities:
- Total Assets: $2,225,096
- Total Liabilities: $7,631
- Net Assets: $2,217,465
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASF MONTHLY FEE INCOME
Revenue
$546,450
SUBZONE MONTHLY FEE INCOME
Revenue
$198,000
MISCELLANEOUS
Revenue
$267
Organization Details
Founding Year
1980
Phone
(317) 487-7200Principal Officer
Jeffrey Gaither
Main Address
PO BOX 51681, INDIANAPOLIS, IN, 46251
Website
www.inzone.orgNTEE Category
Code: S40 - Community improvement
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