Cicp Foundation Inc
Nonprofit profile at a glance
- EIN
- 352065457
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Indianapolis, IN, USA
- Phone
- 317-638-2400
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $26,885,977
- Expenses
- $26,175,223
- Assets
- $54,654,513
- Liabilities
- $46,423,864
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MELINA KENNEDY (CEO, CICP)
- LATOYA ALEXANDER BOTTERON (PRESIDENT AND CFO, CICP)
Highest reported compensation
- MELINA KENNEDY (CEO, CICP): $782,007 total reported compensation
- LATOYA ALEXANDER BOTTERON (PRESIDENT AND CFO, CICP): $579,948 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support the organization's strategy and economic development efforts in Indiana.
What it reported doing in 2025
Agrinovus Indiana is the state's initiative focused on advancing the agbiosciences sector as a nationally recognized leader through education, research and talent development; strategic collaborations among corporations, industry associations, government and universities; the creation and support of new companies; and branding and targeted promotions to elevate the sector. Agrinovus Indiana's charitable and educational activities are funded through cicp foundation. Visit www.agrinovusindiana.com.in 2025, agrinovus launched velocity, a six-month startup accelerator focused on solving challenges in critical areas of agbioscience. Guided by strong mentorship and research, velocity's challenges were shaped by agrinovus' accelerate 2050 report which identified three forces of change expected to shape the future of agbioscience over the next 25 years: food is health, bioinnovation and farmer-focused innovation.forty-two participating teams ranging from students, startups and existing companies created innovative solutions to defined challenges. The accelerator culminated with velocity demo day, an innovation showcase that featured presentations from many of the teams that completed the program. One winner from each track was awarded $25,000 for their solution. The field atlas online platform is augmented by part-time student employees that champion the agbioscience story on their Indiana college campus, surrounding colleges and high schools. This paid professional development experience is a part-time remote internship. Agrinovus welcomed 12 ambassadors representing diversity from campuses across the state in 2025. Biocrossroads is Indiana's life sciences initiative that fosters public-private collaboration by uniting a diverse range of academic, industry, and philanthropic stakeholders, all collectively focused on advancing Indiana's life sciences sector. Committed to supporting the growth of capital investments and talent development, biocrossroads provides support to both existing and new life sciences enterprises, including the Indiana health information exchange, orthoworx, and the Indiana biosciences research institute. Biocrossroads' charitable and educational activities are funded through cicp foundation. Visit www.biocrossroads.com.throughout 2025, biocrossroads advanced work through a robust communications strategy designed to support ecosystem connectivity and public awareness. Frameworx forums, industry partnerships, earned media, and thought leadership engagements created consistent platforms for dialogue, learning and collaboration across the sector. These efforts ensured that Indiana's strengths in manufacturing, research, talent, and innovation were not only advancing, but being clearly communicated to decision makers, investors, and partners.a centerpiece of this convening work was the 2025 biocrossroads life sciences summit, co-hosted with agrinovus Indiana. The sold-out event brought together more than 350 leaders from industry, academia, startups, and the public sector around the theme of one health. Panel discussions explored sustainable agriculture, companion animal health, and the reshoring of critical supply chains, including a rare leadership conversation featuring executives from eli lilly and company, elanco, corteva agriscience, purdue university and Indiana university.techpoint is the nonprofit industry-led growth initiative for Indiana's digital innovation economy and overall, tech ecosystem focused on expanding the tech talent pipeline and elevating the industry by activating the community and amplifying stories of success in collaboration with public, private and industry partners. Techpoint's charitable and educational activities are funded through cicp foundation. Visit www.techpoint.com.as ai adoption accelerates, the tech talent narrative is being rewritten with generative models, growing agentic systems and emerging technologies. Most ai-exposed occupations saw a 13% relative decline in employmen
Operating model
- Revenue model
- Donor-supported. 87% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 58
- Accountability: 100
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86%; rating input score 86
- Program expense ratio: 87.3%; rating input score 87
- Fundraising efficiency: $61.76 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 50%; rating input score 50; 17th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.6%; rating input score 35; 35th percentile among comparable filings
- Total-asset coverage ratio: 2.09; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0.85; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 0.6%; rating input score 89; 89th percentile among comparable filings
Growth
- Program expense growth: 12.1% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: 9.3% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 8.6% per year; rating input score 100; 60th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 86% of revenue deployed · 87.3% of spending went to programs
- Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $22.8M in reported program spending
- Leadership: top reported pay $782K · 12 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.1M reported
- Consistency: 27 of 28 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 26 filed money-flow records
- Related organizations: 30 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Transparency & Controls: Grant itemization coverage scored 50/100.
- Moderate — Sustainability: Operating margin scored 35/100.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- Review — Transparency & Controls: Foreign grants require schedule f did not reconcile in the filed values.