Public Charity

INDIANA ECONOMIC DEVELOPMENT FOUNDATION INC

Based in INDIANAPOLIS, IN, INDIANA ECONOMIC DEVELOPMENT FOUNDATION INC operates as a Public Charity. The organization reported $323K in revenue, $1.7M in expenses, $2.2M in total assets for fiscal year 2025. Imperigo tracks 9 reported grant relationships connected to this organization totaling approximately $746K.

EIN: 202664607 INDIANAPOLIS, IN Economic Development NTEE: S30 Latest filing: 2025
Total Revenue$323K
Total Expenses$1.7M
Total Assets$2.2M
Grant Records9
Funding Total$746K
Filing Years2023–2025

Mission

TO PROMOTE INDUSTRIAL AND BUSINESS DEVELOPMENT, DIVERSIFICATION OF INDIANA'S ECONOMY, AND OVERALL ECONOMIC GROWTH OF INDIANA; TO PROMOTE THE RETENTION, EXPANSION, GROWTH, AND MODERNIZATION OF INDIANA'S BUSINESSES; TO PROMOTE THE CREATION OF NEW JOBS, RETENTION OF EXISTING JOBS, AND THE DEVELOPMENT OF ENTRPRENEURIAL ACTIVITIES IN INDIANA; AND OTHERWISE TO ASSIST THE GOVERNOR AND THE INDIANA ECONOMIC DEVELOPMENT CORPORATION (IEDC) IN REACHING THEIR ECONOMIC GOALS BY RAISING FUNDS FROM THE GENERAL PUBLIC AND NON-PROFIT FOUNDATIONS AND ORGANIZATIONS.

Where $100 goes at Indiana Economic Development Foundation Inc

How Indiana Economic Development Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 3 years.

$66 Programs the work itself
$31 Management running the organization
$3 Fundraising raising the next dollar

Inside the $66 for programs

$66
During the year, the organization advanced indiana's economic growth through targeted business attraction and expansion initiatives
All program spending · Reported in the filing: 10,934 jobs
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

BOARD MEMBER Amy Schumacher
BOARD MEMBER (START JUN 2025) Billie Dragoo
BOARD MEMBER (START JUN 2025) Chris King
IEDC SECRETARY (START JAN 2025) David Adams
BOARD MEMBER (START JUN 2025) David Fagan
IEDC SECRETARY (END JAN 2025) David Roseberg

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$460,000 3 grants
Fundraising & Sponsorship
$196,227 3 grants
Unspecified
$90,000 3 grants

Financial Trends

Year Revenue Expenses Assets
2025 $323K $1.7M $2.2M
2024 $3.2M $1.2M $3.6M
2023 $1.6M $2.3M $1.3M

Between 2023 and 2025, reported annual revenue declined from $1.6M to $323K (-79%), with total assets most recently reported at $2.2M.

Interactive year-over-year charts and full filing details available with membership.

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INDIANA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC
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