Indianapolis Private Industry Council Inc
- Assets
- $12.9m
- Revenue
- $27.4m
- Investments
- $0.0
- Employees
- 145
- Location
- Indianapolis, IN
- Founding
- 01/1984
- Data as of
- 06/2022
- EIN
- 35-1569069
Organization Overview
Indianapolis Private Industry Council Inc, operating under the name Employ Indy, is located in Indianapolis, IN. The organization was established in 1984. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2022, Employ Indy employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employ Indy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Employ Indy generated $27.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $21.8m during the year ending 06/2022. While expenses have increased by 7.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE INDIANAPOLIS PRIVATE INDUSTRY COUNCIL IS A NOT-FOR-PROFIT CORPORATION RESPONSIBLE FOR DEVELOPMENT OF THE MARION COUNTY, INDIANA WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) HELPS JOB SEEKERS AND WORKERS ACCESS EMPLOYMENT, EDUCATION, TRAINING, AND SUPPORTIVE SERVICES TO SUCCEED IN THE LABOR MARKET, AND MATCHES EMPLOYERS WITH THE SKILLED WORKERS THEY NEED TO COMPETE IN THE GLOBAL ECONOMY. CAREER SERVICES ARE IMPLEMENTED THROUGH THE LOCAL WORKONE SYSTEM, A CORNERSTONE OF ADVANCING THE PUBLIC WORKFORCE SYSTEM. BETWEEN JULY 1, 2021 AND JUNE 30, 2022, OVER 31,000 INDIVIDUALS ENTERED WORKONE, WITH NEARLY 6,300 ACCESSING SERVICES THROUGH THE PUBLIC COMPUTERS THERE; NEARLY 5,400 ATTENDED A RE-EMPLOYMENT EVENT, AND OVER 2,500 ATTENDED A WORKSHOP OR COMPLETED AN ASSESSMENT. DURING THE SAME TIME PERIOD, 99 INDIVIDUALS WERE ENROLLED IN THE WIOA ADULT PROGRAM, 53 INDIVIDUALS WERE ENROLLED IN THE DISLOCATED WORKER PROGRAM, AND 163 INDIVIDUALS WERE ENROLLED IN THE YOUTH PROGRAM.
THE INDY ACHIEVES PROGRAM HELPS MARION COUNTY STUDENTS PURSUE AND COMPLETE POSTSECONDARY EDUCATION. IT AIMS TO IMPROVE THE LIVES OF MARION COUNTY STUDENTS BY PROVIDING SCHOLARSHIPS, GRANTS, AND SUPPORTIVE SERVICES DESIGNED TO INCREASE COLLEGE COMPLETION RATES. BETWEEN JULY 1, 2021 AND JUNE 30, 2022, OVER 500 STUDENTS WERE PROVIDED WITH COMPLETION GRANTS AND NEARLY 1,600 STUDENTS WERE PROVIDED PROMISE SCHOLARSHIPS, ALONG WITH MENTORSHIP, FAFSA COMPLETION, AND SUPPORTIVE SERVICES NEEDED TO ASSIST STUDENTS ENTER INTO AND COMPLETE POSTSECONDARY EDUCATION WITHIN MARION COUNTY.
YOUTH EMPLOYMENT SERVICES (YES) PROVIDES BARRIER BUSTING SUPPORTS, NO AVAILABLE THROUGH OTHER PROGRAMS, SUCH AS WIOA YOUTH, TO YOUNG PEOPLE, AGED 18-24. THESE SERVICES ARE DESIGNED TO REMOVE SIGNIFICANT BARRIERS FOR SUCCESSFUL TRANSITION TO EMPLOYMENT FOR THIS TRADITIONALLY UNDERSERVED POPULATION. EMPLOYINDY'S YES PROGRAM HAS BEEN HIGHLIGHTED AS A BEST PRACTICE AT NUMEROUS REGIONAL AND NATIONAL CONFERENCES SINCE ITS INCEPTION IN 2003. YES ALSO PROVIDES FUNDING, TECHNICAL ASSISTANCE, TOOLS AND PRACTICES, AND A COMMUNITY NETWORK THAT EMPOWERS COMMUNITY-BASED ORGANIZATIONS TO ACCOMPLISH MORE FOR THE EVER-GROWING AT-RISK YOUTH POPULATIONS. BETWEEN JULY 1, 2021 AND JUNE 30, 2022, YES PROVIDED SERVICES TO OVER 350 AT-RISK YOUTH, AND HAS SERVED NEARLY 8,300 YOUTH SINCE THE PROGRAM'S INCEPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 1 | $0 |
Name Not Listed Vice President | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eckerd Connect Staffing Participants | 6/29/22 | $1,894,000 |
Telamon Corporation Staffing Participants | 6/29/22 | $1,712,997 |
Keys To Work Staffing Participants | 6/29/22 | $318,768 |
Martindale Brightwood Community Development Staffing Participants | 6/29/22 | $302,125 |
Esi - Electronic Strategies Inc Staffing Participants | 6/29/22 | $284,035 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,422,327 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,906,264 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,328,591 |
| Total Program Service Revenue | $0 |
| Investment income | $23,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,354,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $887,836 |
| Compensation of current officers, directors, key employees. | $443,918 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,916,423 |
| Pension plan accruals and contributions | $319,839 |
| Other employee benefits | $148,416 |
| Payroll taxes | $346,721 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,077 |
| Fees for services: Accounting | $69,422 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $996,009 |
| Advertising and promotion | $518,640 |
| Office expenses | $567,092 |
| Information technology | $264,152 |
| Royalties | $0 |
| Occupancy | $295,296 |
| Travel | $170,707 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,302 |
| Interest | $7,272 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,561 |
| Insurance | $39,151 |
| All other expenses | $91,603 |
| Total functional expenses | $21,811,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $935,029 |
| Savings and temporary cash investments | $6,221,472 |
| Pledges and grants receivable | $5,618,847 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $101,211 |
| Net Land, buildings, and equipment | $49,866 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,926,425 |
| Accounts payable and accrued expenses | $1,457,256 |
| Grants payable | $0 |
| Deferred revenue | $342,332 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,799,588 |
| Net assets without donor restrictions | $917,347 |
| Net assets with donor restrictions | $10,209,490 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,926,425 |