Overview
What is Cicp Foundation Inc?
The Cicp Foundation Inc, headquartered in Indianapolis, Indiana, functions solely to support the mission of Central Indiana Corporate Partnership (CICP). This nonprofit organization fosters long-term prosperity for Indiana by connecting business leaders and research universities. With a primary focus on charitable and educational initiatives, the Cicp Foundation plays a crucial role in transforming the economy of Indiana. The Foundation's analytical arm, Analytxin, is a collaborative effort that harnesses the power of data sciences, including digital, artificial intelligence, and advanced analytic capabilities. This collaboration between universities and industries primarily in the life sciences and manufacturing sectors aims to develop shared healthdata platforms, enhance factory efficiency, and promote sustainability. The initiatives are driven by a significant grant from Lilly Endowment Inc. to the Cicp Foundation.
Official website here: www.cicpindiana.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Cicp Foundation Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and finance management. The charity's score is derived entirely from its Accountability & Finance metrics, where it achieved a score of 75. This indicates that while the organization demonstrates strong governance and financial practices, there are areas that could be improved, particularly in financial ratios and fundraising efficiency.
The foundation exhibits several strengths, including a fully independent board and a robust audit and oversight committee. Furthermore, it has a high program expense ratio of 91.04%, indicating that a significant portion of its resources is allocated to its programs rather than administrative costs. The charity also has comprehensive policies in place, such as conflict of interest and whistleblower protections, which contribute positively to its governance framework.
However, limitations in the foundation's financial health are evident, particularly in its liabilities to assets ratio and fundraising efficiency. The relatively low working capital ratio of 0.18 years suggests potential liquidity issues that may impact the organization’s operational stability and capacity to respond to unforeseen challenges. Overall, while Cicp Foundation Inc demonstrates effective accountability, addressing its financial limitations will be crucial for sustaining its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Cicp Foundation Inc legitimate?
Cicp Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cicp Foundation 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cicpindiana.com
What is the mission statement of Cicp Foundation Inc?
The Cicp Foundation functions solely to support the charitable and educational initiatives of Central Indiana Corporate Partnership (CICP). CICP is an alliance of Indiana's business and research university leaders collaborating to foster long-term prosperity for the region. The Foundation carries out this mission by engaging in various activities that align with Section 170(C)(2)(B) of the Internal Revenue Code. CICP's objective is to transform Indiana's economy, ensuring sustainable prosperity and improved quality of life for current and future generations.
Official website here: www.cicpindiana.com
Who is the CEO of Cicp Foundation Inc?
Latoya A Botteron is the Principal Officer of Cicp Foundation Inc. The CEO's salary of Cicp Foundation Inc is $0 and their total compensation is $819,749.
Official website here: www.cicpindiana.com
What is the revenue of Cicp Foundation Inc?
Cicp Foundation Inc's revenue in 2022 was $22,354,287.
Official website here: www.cicpindiana.com
Who are the executives of Cicp Foundation Inc and what are their salaries?
There 64 volunteers at Cicp Foundation Inc.
Here are 11 key members and their salaries (Cicp Foundation Inc's CEO's salary is $0 and their total compensation is $819,749):
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- Related: $751,187
- Other: $68,562
- Compensation: $0
- Related: $395,587
- Other: $85,459
Official website here: www.cicpindiana.com
Where can I find the form 990 for Cicp Foundation Inc?
Cicp Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cicpindiana.com
Learn more at the official website: www.cicpindiana.com
Mission Statement of Cicp Foundation Inc
The Cicp Foundation, Inc. is a charitable organization that operates exclusively for the benefit of Central Indiana Corporate Partnership, Inc. (CICP). This foundation carries out the mission of CICP by engaging in and supporting activities that are charitable, educational, or fall under other descriptions in Section 170(C)(2)(B) of the Internal Revenue Code. Central Indiana Corporate Partnership is an alliance of Indiana's business and research university leaders, who come together with a common goal of fostering long-term prosperity for the region.
Cicp Foundation, Inc. plays a vital role in advancing the objectives of Central Indiana Corporate Partnership. The foundation supports initiatives that contribute to the transformation of Indiana's economy. Its ultimate goal is to create sustainable prosperity and improve the quality of life for the citizens and future generations of the region. By backing endeavors that align with the charitable, educational, or other purposes outlined in Section 170(C)(2)(B) of the Internal Revenue Code, the Cicp Foundation, Inc. is instrumental in fueling the growth and development of Central Indiana.
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Impact
October, 2024
CICP Foundation Inc actively drives sustained innovation in Central Indiana by fostering collaboration among universities, industry leaders, and healthcare organizations. Through its strategic initiative, Analytixin, the foundation connects academic assets and talent focused on data sciences, including artificial intelligence (AI) and advanced analytics, particularly in the life sciences and manufacturing sectors.
In 2022, Analytixin made significant strides in developing data assets that enhance healthcare solutions and manufacturing efficiencies. The partnership includes notable organizations such as Eli Lilly and Company, IU Health, and the Indiana Biobank, creating a shared health data platform that links consented clinical and genomic patient data. This initiative also aligns with national efforts through collaboration with the Broad Institute, amplifying Indiana's impact on health data innovation.
The foundation supports manufacturing innovations by bringing together academic institutions like Indiana University, Purdue University, and the University of Notre Dame to work alongside industry. This collaboration aims to improve factory efficiency and sustainability using AI and machine learning technologies. Additionally, it is supported by the Emerging Manufacturing Collaboration Center (EMC2) and major tech players like Amazon Web Services.
Backed by a $36 million grant from Lilly Endowment Inc., the foundation plays a crucial role in enhancing Indiana's workforce by attracting top data science researchers and cultivating talent essential for the region's economic transformation. The ultimate goal is to create sustainable prosperity and an improved quality of life for Indiana’s citizens, ensuring long-term benefits for the community.
This information is meant to be a general summary of Cicp Foundation 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: $517,983
- Gross Receipts: $22,354,287
Assets and Liabilities:
- Total Assets: $59,493,822
- Total Liabilities: $54,574,576
- Net Assets: $4,919,246
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Organization Details
Founding Year
1998
Phone
(317) 532-4802Principal Officer
Latoya A Botteron
Main Address
1210 WATERWAY BLVD 5000, INDIANAPOLIS, IN, 46202
Website
www.cicpindiana.comNTEE Category
Code: S11 - Community improvement
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