Indiana Association For Community Economic Development Inc, operating under the name Prosperity Indiana, is located in Indianapolis, IN. The organization was established in 1987. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Prosperity Indiana employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prosperity Indiana 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 12/2021, Prosperity Indiana generated $809.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $669.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION BUILDS A BETTER FUTURE FOR OUR COMMUNITIES BY PROVIDING ADVOCACY, LEVERAGING RESOURCES, AND ENGAGING AN EMPOWERED NETWORK OF MEMBERS TO CREATE INCLUSIVE OPPORTUNITIES THAT BUILD ASSETS AND IMPROVE LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESOURCES: INDIANA IS DEDICATED TO PROVIDING MEMBERS WITH HELPFUL TOOLS TO ADVANCE THEIR WORK. RESOURCES INCLUDE CONSULTING SERVICES, TRAININGS, A RESOURCE LIBRARY, AND FUNDING. TRAINING AND TECHNICAL ASSISTANCE ARE ALIGNED SERVICES TO BUILD THE CAPACITY OF COMMUNITY ECONOMIC DEVELOPMENT PRACTITIONERS AND THE ORGANIZATIONS EMPLOYING THEM. THE ORGANIZATION DELIVERS A ROBUST PROGRAM OF TRAINING FOR MEMBER ORGANIZATION STAFF AND OTHERS IN THE COMMUNITY DEVELOPMENT FIELD. TRAINING TOPICS ADDRESS THE DIVERSITY OF TECHNICAL AND ADAPTIVE KNOWLEDGE NECESSARY TO MANAGE ORGANIZATIONS, EXERCISE LEADERSHIP, AND DELIVER OUTCOMES. TECHNICAL ASSISTANCE IS LONG-TERM, ONE-ON-ONE CONSULTING SUPPORT. STAFF PROVIDE A DEPTH OF EXPERIENCE AND KNOWLEDGE. THE ORGANIZATION PROVIDES TECHNICAL ASSISTANCE IN THE FOLLOWING CATEGORICAL AREAS: BOARD GOVERNANCE, FINANCIAL MANAGEMENT, PLANNING, PROGRAM/PROJECT DEVELOPMENT AND DELIVERY, RESOURCE DEVELOPMENT, STAFF DEVELOPMENT, AND STAFF MANAGEMENT SERVICES. THE ORGANIZATION'S ROLE OF FUNDER PRIMARILY INCLUDES SECURING PASS-THROUGH GRANTS TO SUPPORT MEMBER PROJECTS, INCLUDING LEVERAGING STATE AND NATIONAL PARTNER RESOURCES AVAILABLE FOR THIS PURPOSE. THE ORGANIZATION ALSO SERVES AS THE FISCAL AGENT AND PROGRAM MANAGER FOR MEMBER INITIATIVES TO HELP LAUNCH INNOVATION.
ENGAGEMENT: PROSPERITY INDIANA UTILIZES A NUMBER OF STRATEGIES TO ACCOMPLISH COMMUNITY BUILDING AND CONNECTING TO NETWORK AND UNITE MEMBERS. THIS INCLUDES THE ORGANIZATION'S BLOG AND SOCIAL NETWORKS, THE MONTHLY PIECE OF THE PI NEWSLETTER, PEER-TO-PEER CONVENINGS, A MOBILE APP AND MEMBERSHIP DIRECTORY, AN ANNUAL SUMMIT AND LEADERSHIP AWARDS, AND REGIONAL MEMBER MEETINGS. THE ORGANIZATION ALSO ACCOMPLISHES CONNECTIVITY AND ADVOCACY GOALS THROUGH COALITION BUILDING EFFORTS.
ADVOCACY: ADVOCACY AND POLICY ENGAGEMENT ARE IMPORTANT PARTS OF A SUCCESSFUL COMMUNITY ECONOMIC DEVELOPMENT FRAMEWORK. THE ORGANIZATION'S ADVOCACY WORK STRENGTHENS MEMBERS BY BUILDING RELATIONSHIPS. IT ENHANCES MEMBERS' SKILLS AND CAPACITY TO UNDERSTAND THEIR OWN POLICY ENVIRONMENTS, LARGE AND SMALL, AND TO COMMUNICATE THEIR VALUES AND PRIORITIES TO THEIR ELECTED OFFICIALS AND PROGRAM ADMINISTRATORS. IT ENABLES FRONT-LINE PRACTITIONERS TO HAVE THEIR VOICES HEARD IN POLICY DEBATES. THE ADVOCACY FUNCTION ORGANIZES MEMBERS AND SUPPORTERS AROUND A POLICY AGENDA, BUILDS AND MAINTAINS STRATEGIC PARTNERSHIPS WITH ALLIES TO ADVANCE THIS AGENDA, AND MONITORS AND EXPLAINS TRENDS IN POLICYMAKING TO MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jessica Love Executive Di | Officer | 40 | $81,539 |
Dennis Cecil Treasurer | OfficerTrustee | 3 | $0 |
Keith Broadnax Secretary | OfficerTrustee | 3 | $0 |
Steven Meyer President | OfficerTrustee | 3 | $0 |
Alyssa Prince Vice Preside | OfficerTrustee | 1 | $0 |
Rev Adrian Brooks Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $75,995 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $608,140 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $684,135 |
Total Program Service Revenue | $39,304 |
Investment income | $3,366 |
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 | $809,124 |
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. | $81,539 |
Compensation of current officers, directors, key employees. | $24,511 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $336,140 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $59,036 |
Payroll taxes | $31,952 |
Fees for services: Management | $2,475 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $22,592 |
Fees for services: Lobbying | $6,364 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $16,125 |
Advertising and promotion | $1,015 |
Office expenses | $4,538 |
Information technology | $30,771 |
Royalties | $0 |
Occupancy | $33,659 |
Travel | $1,934 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $23,148 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $6,176 |
Insurance | $5,168 |
All other expenses | $0 |
Total functional expenses | $669,764 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $9,194 |
Savings and temporary cash investments | $653,228 |
Pledges and grants receivable | $6,273 |
Accounts receivable, net | $850 |
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 | $12,202 |
Net Land, buildings, and equipment | $11,978 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $693,725 |
Accounts payable and accrued expenses | $41,527 |
Grants payable | $0 |
Deferred revenue | $88,603 |
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 | $130,130 |
Net assets without donor restrictions | $161,162 |
Net assets with donor restrictions | $402,433 |
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 | $693,725 |
Over the last fiscal year, Indiana Association For Community Economic Development Inc has awarded $85,500 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
Carmel, IN PURPOSE: EMPOWER INDIANA | $36,900 |
Indianapolis, IN PURPOSE: EMPOWER INDIANA | $21,600 |
Anderson, IN PURPOSE: EMPOWER INDIANA | $18,000 |
Bloomington, IN PURPOSE: EMPOWER INDIANA | $9,000 |
Over the last fiscal year, we have identified 5 grants that Indiana Association For Community Economic Development Inc has recieved totaling $209,817.
Awarding Organization | Amount |
---|---|
National Low Income Housing Coalition And Low Income Housing Washington, DC PURPOSE: $80K ERASE; $50K OSAH | $130,000 |
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: Housing4Hoosiers: The Data, The Stories, The Solut | $65,000 |
Aarp Washington, DC PURPOSE: Sponsorship of various events | $7,500 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,277 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Organization Name | Assets | Revenue |
---|---|---|
Milwaukee Economic Development Corp Milwaukee, WI | $129,937,785 | $4,507,113 |
The Center Of Workforce Innovations Inc Valparaiso, IN | $2,958,255 | $14,608,336 |
World Business Chicago Chicago, IL | $9,302,792 | $9,942,081 |
Enlace Chicago Chicago, IL | $7,912,354 | $9,016,287 |
West Central Indiana Economic Development District Inc Terre Haute, IN | $2,629,970 | $4,624,225 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Evansville Vanderburgh County Convention & Visitors Bureau Inc Evansville, IN | $5,490,585 | $3,551,749 |
Milwaukee Urban Strategic Investment Corp Milwaukee, WI | $23,035,863 | $4,044,506 |
Far South Cdc Chicago, IL | $4,303,074 | $2,694,787 |
Northwest Side Community Development Corporation Milwaukee, WI | $11,140,702 | $4,254,876 |
Wepower Saint Louis, MO | $83,554 | $1,807,746 |
Capitalplus Exchange Corporation Skokie, IL | $2,405,541 | $1,079,242 |