Imagine Indiana Inc F/k/a Next Level Indiana Inc

Nonprofit profile at a glance

EIN
814370994
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
Indianapolis, IN, USA
Phone
3178881121
Rating confidence
Limited
Sector
Community Service Clubs

Official website

Reported finances

Revenue
$0
Expenses
$71,109
Assets
$12,033
Liabilities
$0

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

Leadership & pay

4 people listed

Highest reported compensation

  • JOE ELSENER (DIRECTOR OPE): $4,000 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 purposes for which this corporation is organized are: 1. To champion Indiana's emergence in the global economy and the future of education and workforce training with a focus on technology and innovation; entrepreneurship; health and wellness; 2. To analyze and promote initiatives from both the public and private sector that help citizens of Indiana achieve their self-determined potentials; 3. To collect, highlight and publish stories from hoosiers of all walks of life to foster and inspire a culture of conversation and collaboration around these important topics for those who want to help continue to build the indaina success story; 4. To assist in all activities that further the social welfare of the state of Indiana and that lessen the burdens of government. Imagine Indiana, inc. Engages in various activities that include, but are not limited to, assisting with the orderly transition of the office of governor and lt governor of Indiana during the period between the gubernatorial

What it reported doing in 2024

To collect, highlight and publish stories from hoosiers of all walks of life to foster and inspire a culture of conversation and collaboration around these important topics for those who want to help continue to build the Indiana success story and to assist in all activities that further the social welfare of the state of Indiana and that lessen the burdens of government.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

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: 39
  • Transparency & Controls: 81
  • Accountability: 69
  • Sustainability: 13
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 50.9%; rating input score 51
  • Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0.17; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 5.6%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: -9.5% per year; rating input score 0; 30th percentile among comparable filings
  • Revenue growth: 2.2% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: -20.2% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 50.9% of spending went to programs
  • Governance: 3 of 3 board members independent · 2 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $36K in reported program spending
  • Leadership: top reported pay $4K · 4 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Financial Efficiency: Program expense ratio scored 51/100.
  • High — Financial Efficiency: Fundraising efficiency scored 4/100.
  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 18/100.