Overview
What is The Indianapolis Foundation Inc?
The Indianapolis Foundation Inc, located in Indianapolis, Indiana, is a nonprofit organization dedicated to encouraging individuals to invest in causes that resonate with them. With a mission to create a community where all individuals have an equal opportunity to reach their full potential, regardless of place, race, or identity, they mobilize people, ideas, and resources to make a difference. The foundation, which employs 14 individuals, is committed to making a significant impact on the local community.
Official website here: www.cicf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The Indianapolis Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and financial health. With an accountability and finance score of 85, the organization demonstrates strong governance and oversight practices, highlighted by a fully independent board and comprehensive financial management policies.
Strengths of the foundation include a high program expense ratio of 93.26%, meaning that a significant portion of its resources is dedicated to its charitable programs. Additionally, it has established strong policies around conflict of interest, whistleblower protections, and document retention, ensuring transparency and ethical operations within the organization.
While the foundation shows commendable financial stewardship, the overall score suggests room for improvement in certain areas of operational effectiveness. However, the strengths noted in governance and program expenditure speak positively to the foundation's commitment to its mission and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Indianapolis Foundation Inc legitimate?
The Indianapolis Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Indianapolis 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: $680,564
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,613,416
For more financial information, click here
Official website here: www.cicf.org
What is the mission statement of The Indianapolis Foundation Inc?
The Indianapolis Foundation Inc is dedicated to mobilizing people, ideas, and investments to create a community where all individuals have an equitable opportunity to reach their full potential, regardless of their place, race, or identity. Through their efforts, they help people invest in causes that matter most to them, working towards a more inclusive and equal society for everyone. The foundation's mission is to empower individuals and unlock their potential by addressing the unique challenges they face, fostering a supportive environment where everyone can thrive. By leveraging the power of collective action, The Indianapolis Foundation Inc is committed to making a positive impact on people's lives and shaping a better future for all.
Official website here: www.cicf.org
Who is the CEO of The Indianapolis Foundation Inc?
Lorenzo Esters is the Principal Officer of The Indianapolis Foundation Inc. The CEO's salary of The Indianapolis Foundation Inc is $211,058 and their total compensation is $562,785.
Official website here: www.cicf.org
What is the revenue of The Indianapolis Foundation Inc?
The Indianapolis Foundation Inc's revenue in 2022 was $46,491,674.
Official website here: www.cicf.org
Who are the executives of The Indianapolis Foundation Inc and what are their salaries?
The average compensation at The Indianapolis Foundation Inc during 2022 was $163,856. There are 14 employees and 6 volunteers at The Indianapolis Foundation Inc.
Here are 11 key members and their salaries (The Indianapolis Foundation Inc's CEO's salary is $211,058 and their total compensation is $562,785):
- Compensation: $211,058
- Related: $257,960
- Other: $93,767
- Compensation: $104,280
- Related: $211,720
- Other: $25,794
- Compensation: $190,056
- Related: $0
- Other: $57,023
- Compensation: $175,170
- Related: $0
- Other: $24,143
- Compensation: $38,891
- Related: $86,564
- Other: $34,727
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cicf.org
Where can I find the form 990 for The Indianapolis Foundation Inc?
The Indianapolis Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cicf.org
Learn more at the official website: www.cicf.org
Mission Statement of The Indianapolis Foundation Inc
The Indianapolis Foundation Inc is a philanthropic organization with a mission to mobilize people, ideas, and investments to create a community where all individuals have equitable opportunities to reach their full potential, regardless of place, race, or identity. In simpler terms, the Foundation strives to bring together resources and inspire action towards building an inclusive society where everyone can thrive.
By encouraging community engagement and investment in causes that matter most, The Indianapolis Foundation Inc plays a vital role in fostering social change. Its efforts are geared towards breaking down barriers and creating equal opportunities for all individuals, ensuring they have the resources and support needed to unlock their full potential. Through its mission, the organization is committed to making a lasting difference in people's lives and shaping a brighter future for the community as a whole.
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Impact
October, 2024
The Indianapolis Foundation Inc plays a crucial role in enhancing the quality of life in Indianapolis by empowering individuals and communities. By mobilizing people, ideas, and investments, the foundation works tirelessly to create an environment where everyone, regardless of their background, has equitable opportunities to thrive. This commitment to social equity fosters resilience and growth, making the community more inclusive and supportive.
In its efforts, the foundation connects individuals to causes that resonate deeply with them, encouraging civic engagement and philanthropy. By channeling resources into initiatives that matter most, it enables significant advancements in areas critical to community improvement, such as education, health, and economic development. The foundation’s impact extends beyond immediate assistance; it nurtures a culture of collaboration and innovation, inspiring collective action towards a brighter future for all residents of Indianapolis.
This information is meant to be a general summary of The Indianapolis 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: $12,746,080
- Program Service Revenue: $1,042,215
- Gross Receipts: $99,714,268
Assets and Liabilities:
- Total Assets: $358,046,080
- Total Liabilities: $297,306,978
- Net Assets: $60,739,102
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERATING SUPPORT INCOME
Revenue
$1,042,215
Organization Details
Founding Year
2012
Phone
(317) 634-2423Principal Officer
Lorenzo Esters
Main Address
615 NORTH ALABAMA STREET Suite 300, INDIANAPOLIS, IN, 46204
Website
www.cicf.orgNTEE Category
Code: S20 - Community improvement
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