Indiana Philanthropy Alliance Inc
- Assets
- $5.7m
- Revenue
- $3.7m
- Investments
- $3.1m
- Employees
- 16
- Location
- Indianapolis, IN
- Founding
- 01/1992
- Data as of
- 12/2023
- EIN
- 35-1835134
Organization Overview
Indiana Philanthropy Alliance Inc is located in Indianapolis, IN. The organization was established in 1992. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Indiana Philanthropy Alliance Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Philanthropy Alliance Inc 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 12/2023, Indiana Philanthropy Alliance Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 11.3% per year over the past 9 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.
Since 2022, Indiana Philanthropy Alliance Inc has awarded 44 individual grants totaling $482,649. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHAMPION, SUPPORT AND CONNECT MEMBERS AS THEY TRANSFORM INDIANA THROUGH EFFECTIVE PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIFT TECHNICAL ASSISTANCE PROGRAM : SUPPORTING INDIANA COMMUNITY FOUNDATIONS, THIS PROGRAM PROVIDES TECHNICAL ASSISTANCE, TRAINING, AND RESOURCES TO OVER 90 COMMUNITY FOUNDATIONS AND AFFILIATE FUNDS PARTICIPATING IN THE GIFT (GIVING INDIANA FUNDS FOR TOMORROW) INITIATIVE. IN 2023, THE PROGRAM'S 43 TRAINING EVENTS ENCOMPASSED NEARLY 900 PARTICIPANTS SERVING COMMUNITIES THROUGHOUT INDIANA. THERE WERE 136 ATTENDEES AT THREE "BOOT CAMPS"-BASIC TRAINING FOR COMMUNITY FOUNDATION AND BOARD AND STAFF MEMBERS-AND 409 GIFT TECHNICAL ASSISTANCE IN-PERSON AND VIRTUAL CONSULTATIONS RANGING IN SCOPE, ISSUE AREA, AND COMPLEXITY.
MEMBER SERVICES : INDIANA PHILANTHROPY ALLIANCE (IPA) FOSTERS A COLLABORATIVE AND KNOWLEDGEABLE PHILANTHROPIC SECTOR THAT IS EMPOWERED TO ADDRESS SOCIETY'S MOST PRESSING CHALLENGES. DURING 2023, IPA HELD MULTIPLE NETWORKING/PEER GATHERINGS ACROSS THE STATE AND PRODUCED 104 MEMBER NEWSLETTERS THAT INFORMED AND ENGAGED ITS NETWORK. IPA'S WEBSITE WAS LEVERAGED TO AMPLIFY THE WORK OF PHILANTHROPY WHILE RECRUITING NEW TALENT AND PARTNERS INTO THE SECTOR. IPA ALSO PROVIDED TECHNICAL ASSISTANCE AND WEB-BASED ACCESS TO VETTED TECHNICAL AND PROFESSIONAL RESOURCES. WITH A 88% MEMBERSHIP RETENTION RATE IN 2023, IPA CONTINUES TO FORTIFY ITS COMMITMENT TO EMPOWERING IMPACTFUL PHILANTHROPY IN INDIANA. GRANTMAKER EDUCATION AND RESOURCES : INDIANA PHILANTHROPY ALLIANCE (IPA) OFFERS A COMPREHENSIVE ARRAY OF QUALITY EDUCATIONAL PROGRAMS DESIGNED TO FULFILL MEMBERS' PROFESSIONAL DEVELOPMENT NEEDS AT A FREE AND AFFORDABLE PRICE. DURING 2023, IPA PROVIDED 89 GRANTMAKER EDUCATION PROGRAMS, ISSUE COLLABORATIVE MEETINGS, AND PEER COMMUNITY CONVENINGS TO EXPAND ITS MEMBER'S HORIZONS AND NETWORKS. THERE WERE 2,055 ATTENDEES AT IPA PROGRAMS. IN ADDITION TO EVENTS, IPA'S SEARCHABLE ONLINE KNOWLEDGEBASE PROVIDES ACCESS TO A WEALTH OF RESOURCES SPANNING VARIOUS TOPICS FOR FOUNDATIONS AND CORPORATE PHILANTHROPY. ADDITIONALLY, IPA EXTENDS ITS EXPERTISE NATIONALLY TO PHILANTHROPY-SERVING ORGANIZATIONS AND FOUNDATIONS THROUGH VIRTUAL COMMUNITY FOUNDATION BOOT CAMPS.
COMMUNITY FOUNDATION INTERNSHIPS (CFI) PROGRAM: THE CFI PROGRAM PROVIDES INDIANA COMMUNITY FOUNDATIONS PARTICIPATING IN THE GIFT INITIATIVE ACCESS TO GRANT DOLLARS TO HIRE COLLEGE STUDENTS ATTENDING AN INDIANA-ACCREDITED COLLEGE OR UNIVERSITY. THE PROGRAM AIMS TO PROVIDE OPERATIONAL SUPPORT TO FOUNDATIONS-EXPANDING THEIR CAPACITY TO SERVE COMMUNITIES. IT ALSO GIVES INDIANA STUDENTS HANDS-ON JOB TRAINING AND EXPERIENCES THAT ENRICH THEIR EDUCATIONAL AND PERSONAL DEVELOPMENT. THESE YOUNG PROFESSIONALS EXIT THE PROGRAM DEEPLY AWARE OF THE IMPORTANT ROLE COMMUNITY FOUNDATIONS AND PHILANTHROPY SERVE IN IMPROVING OUR QUALITY OF LIFE. IN 2023, 34 COMMUNITY FOUNDATIONS AND AFFILIATES OFFERED 77 COLLEGE INTERNSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | 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 |
|---|---|---|
Forvis Professional Services | 12/30/23 | $150,290 |
Alisa Winters Gift Consultant | 12/30/23 | $109,716 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $605,675 |
| Fundraising events | $0 |
| Related organizations | $2,248,160 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $389,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,243,685 |
| Total Program Service Revenue | $247,352 |
| Investment income | $160,043 |
| 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 | $3,654,444 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $234,749 |
| 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. | $218,809 |
| Compensation of current officers, directors, key employees. | $40,479 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $756,932 |
| Pension plan accruals and contributions | $67,094 |
| Other employee benefits | $87,074 |
| Payroll taxes | $70,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,934 |
| Fees for services: Accounting | $179,455 |
| Fees for services: Lobbying | $33,436 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $230,194 |
| Advertising and promotion | $0 |
| Office expenses | $54,724 |
| Information technology | $80,886 |
| Royalties | $0 |
| Occupancy | $118,066 |
| Travel | $18,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $147,773 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,700 |
| Insurance | $11,532 |
| All other expenses | $67,862 |
| Total functional expenses | $2,430,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,083 |
| Savings and temporary cash investments | $227 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,054 |
| 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 | $28,514 |
| Net Land, buildings, and equipment | $27,612 |
| Investments—publicly traded securities | $1,397,174 |
| Investments—other securities | $3,087,891 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $747,249 |
| Total assets | $5,736,804 |
| Accounts payable and accrued expenses | $124,837 |
| Grants payable | $0 |
| Deferred revenue | $80,760 |
| 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 | $1,601,468 |
| Total liabilities | $1,807,065 |
| Net assets without donor restrictions | $1,812,605 |
| Net assets with donor restrictions | $2,117,134 |
| 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 | $5,736,804 |
Grants Awarded
Over the last fiscal year, Indiana Philanthropy Alliance Inc has awarded $175,104 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
RIPLEY COUNTY COMMUNITY FOUNDATION INC PURPOSE: Intern Program | $22,199 |
WABASH VALLEY COMMUNITY FOUNDATION INC PURPOSE: Intern Program | $18,745 |
NORTHERN INDIANA COMMUNITY FOUNDATION PURPOSE: Intern Program | $11,586 |
BENTON COUNTY COMMUNITY FOUNDATION INC PURPOSE: Intern Program | $11,232 |
MONTGOMERY COUNTY COMMUNITY FOUNDATION INC PURPOSE: Intern Program | $10,775 |
THE COMMUNITY FOUNDATION OF MUNCIE & DELAWARE COUNTY INC PURPOSE: Intern Program | $9,730 |