Greater Indianapolis Chamber of Commerce Inc

Nonprofit profile at a glance

EIN
350412920
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Indianapolis, IN, USA
Phone
3174642200
Rating confidence
Limited

Official website

Reported finances

Revenue
$11,285,755
Expenses
$10,938,229
Assets
$13,616,829
Liabilities
$4,716,421

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

175 people listed

Executive titles in this filing

  • Matt Mindrum (PRESIDENT/CEO)
  • Aletha Dunston (Vice President of Strategic Initiatives)
  • JAMES ROEBUCK (Vice President of Corporate Relations)
  • Joseph Pellman (Vice President of Talent and Image)
  • Rawson Raifsnider (Vice President, Membership Sales)

Highest reported compensation

  • Matt Mindrum (PRESIDENT/CEO): $481,240 total reported compensation
  • JULIE GRICE (CHIEF REVENUE OFFICER): $315,907 total reported compensation
  • STEVEN TAYLOR HUGHES (CHIEF STRATEGY OFFICER/CHIEF OF STAFF): $242,313 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the greater indianapolis chamber of commerce (chamber) is to create advantages for businesses within the indianapolis area by promoting initiatives which enhance business, and to deliver products and services which anticipate, meet or exceed the needs of members. (continued on schedule o)

What it reported doing in 2024

Membership: the indy chamber continues to serve as a voice of progress and improvement in the region, uniting business and community to improve the quality of life for residents. Our advocacy efforts, networking events, educational offerings and exclusive savings programs position members, business leaders, and the community for success. We are committed to moving indianapolis into the 21st century, while making indianapolis the best place to live and do business. The chamber serves nearly 2,000 members, representing approximately 230,000 employees in central Indiana, with member events, seminars, intercity visits, and data to help the members enhance their competitiveness in the indianapolis community. The chamber sponsors and hosts events throughout the year that support the indianapolis economic community. Both the chamber & community members are welcome at these events.

Operating model

Revenue model
Other-operating. 89% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

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: NotEnoughData
  • Transparency & Controls: 85
  • Accountability: 100
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.1%; rating input score 47; 47th percentile among comparable filings
  • Total-asset coverage ratio: 1.24; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 18.9%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 25% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 4.1% per year; rating input score 100; 35th percentile among comparable filings
  • Asset growth: 4.2% per year; rating input score 100; 30th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 165 of 165 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $481K · 175 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.1M reported
  • Consistency: 14 of 14 current checks pass
  • Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 13 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 4 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.

  • Moderate — Sustainability: Operating margin scored 47/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 41/100.