Develop Indy Inc
Nonprofit profile at a glance
- EIN
- 261274009
- IRS 990-EZ coverage
- 2013–2013
- Forms available
- Form 990 2012, Form 990-EZ 2013
- Location
- Indianapolis, IN, USA
- Phone
- 3174642200
- Rating confidence
- Limited
- Sector
- Economic Development
Reported finances
- Revenue
- $0
- Expenses
- $112,715
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2013. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- MELISSA TODD COTTERILL (INTERIM PRESIDENT & CEO)
People named in this filing
- AL SMITH (DIRECTOR)
- BILL MARSAN (DIRECTOR)
- BROOKE HUNTINGTON (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Develop indy is marion county's local economic development organization dedicated to providing business attraction, existing business retention, expansion and location services to indianapolis/marion county. In july 2012, the greater indianapolis chamber of commerce (chamber) acquired all operating activities of develop indy and the chamber board assumed control of the organization. The acquisition was agreed to by develop indy in a purchase agreement dated july 16, 2012. The chamber acquired develop indy in an effort to create synergies between the two entities for the continued economic development of the city of indianapolis. On november 22, 2013, develop indy dissolved and all remaining assets and liabilities were transferred to the chamber.
What it reported doing in 2013
See schedule o.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 7
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -31.7% per year; rating input score 0; 15th percentile among comparable filings
- Asset growth: -75.6% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 21 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 2 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.