STRATEGY STUDIO / PUBLIC DATA EXPLORER

INDIANA VETERAN INITIATIVE INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
INDIANA VETERAN INITIATIVE INC (EIN 84-4985136)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-08
IRS object ID
202521289349300527
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-08T09:33:09-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN352123203PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KSM BUSINESS SERVICES INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 40857AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46240ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN844985136EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INDIANA VETERAN INITIATIVE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlINDIBusinessNameControlTxt
Phone3175594011PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1777 N MERIDIAN ST 125AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46204ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSARAH HARRISONPersonNm
Person TitleCEOPersonTitleTxt
Phone3175594011PhoneNum
Signature2025-05-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCASSE TATEPreparerPersonNm
PTINP01271193PTIN
Phone3175802000PhoneNum
Preparation2025-05-08PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1INVETSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerSARAH HARRISONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1777 N MERIDIAN ST 125AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46204ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,825,878GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTPS://WWW.INVETS.ORG/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2020FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionINVETS IS AN ORGANIZATION THAT HELPS TRANSITIONING SERVICE MEMBERS, VETERANS AND THEIR FAMILIES CONNECT WITH CAREERS, RESOURCES AND COMMUNITIES IN INDIANA. RESOURCES INCLUDING INFORMATION ABOUT FINANCIAL INCENTIVES, CAREER PLANNING, EDUCATION, AND TRAINING ARE OFFERED TO HELP VETERANS AND FAMILIES TRANSITION TO THE CIVILIAN WORLD.ActivityOrMissionDesc
Voting Members Governing Body12VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee20TotalEmployeeCnt
Total Volunteers9TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,205,710PYContributionsGrantsAmt
CY Contributions Grants$1,807,354CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$3,611PYInvestmentIncomeAmt
CY Investment Income$7,851CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue-$1,374CYOtherRevenueAmt
PY Total Revenue$1,209,321PYTotalRevenueAmt
CY Total Revenue$1,813,831CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$578,044PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,062,939CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$91,092CYTotalFundraisingExpenseAmt
PY Other Expenses$607,531PYOtherExpensesAmt
CY Other Expenses$699,477CYOtherExpensesAmt
PY Total Expenses$1,185,575PYTotalExpensesAmt
CY Total Expenses$1,762,416CYTotalExpensesAmt
PY Revenues Less Expenses$23,746PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$51,415CYRevenuesLessExpensesAmt
Total Assets BOY$606,680TotalAssetsBOYAmt
Total Assets EOY$767,813TotalAssetsEOYAmt
Total Liabilities BOY$379,733TotalLiabilitiesBOYAmt
Total Liabilities EOY$489,451TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$226,947NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$278,362NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionHELPING TRANSITIONING SERVICE MEMBERS, VETERANS AND THEIR FAMILIES CONNECT WITH CAREERS, RESOURCES AND COMMUNITIES IN INDIANA. RESOURCES INCLUDING INFORMATION ABOUT FINANCIAL INCENTIVES, CAREER PLANNING, EDUCATION, AND TRAINING ARE OFFERED TO HELP VETERANS AND FAMILIES TRANSITION TO THE CIVILIAN WORLD.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,237,283ExpenseAmt
DescPUBLIC EDUCATION AND PROGRAMMING INCLUDING RESOURCES SUCH AS INFORMATION ABOUT FINANCIAL INCENTIVES, CAREER PLANNING, EDUCATION AND TRAINING.Desc
Total Program Service Expenses$1,237,283TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee20EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members12GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldINStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SARAH HARRISONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3175594011PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1777 N MERIDIAN STREET SUITE 125AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46204ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
MARVIN BLADE
CHAIR0.00Yes (X)Yes (X)$0$0$0
KRISTAL PAINTER
VICE CHAIR0.00Yes (X)Yes (X)$0$0$0
LUIS AJU
TREASURER0.00Yes (X)Yes (X)$0$0$0
LEE LEWELLEN
SECRETARY0.00Yes (X)Yes (X)$0$0$0
FIORELLA GAMBETTA-GIBSON
BOARD MEMBER0.00Yes (X)$0$0$0
NICK DARRAH
BOARD MEMBER0.00Yes (X)$0$0$0
ELAINE BEDEL
BOARD MEMBER0.00Yes (X)$0$0$0
LUIS AJUDENNIS WIMER
BOARD MEMBER0.00Yes (X)$0$0$0
HEATHER ENNIS
BOARD MEMBER0.00Yes (X)$0$0$0
ANNE VALENTINE
BOARD MEMBER0.00Yes (X)$0$0$0
DAVID DOUGLASS
BOARD MEMBER0.00Yes (X)$0$0$0
SUZANNE CROUCH
BOARD MEMBER0.00Yes (X)$0$0$0
JEFF QUYLE
BOARD MEMBER THRU 12/31/230.00Yes (X)$0$0$0
BLAINE ZIMMERMAN
PRESIDENT/CEO40.00Yes (X)$124,161$0$4,353
SARAH HARRISON
VP VETERAN ENGAGEMENT40.00$100,910$0$7,796Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$225,071TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$12,149TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$1,753,122GovernmentGrantsAmt
All Other Contributions$54,232AllOtherContributionsAmt
Total Contributions$1,807,354TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,851TotalRevenueColumnAmt
Exclusion$7,851ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$10,673FundraisingGrossIncomeAmt
Fundraising Direct Expenses$12,047FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$1,374TotalRevenueColumnAmt
Exclusion-$1,374ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,813,831TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$6,477ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$134,531TotalAmt
Program Services$98,208ProgramServicesAmt
Management And General$25,561ManagementAndGeneralAmt
Fundraising$10,762FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$794,675TotalAmt
Program Services$575,503ProgramServicesAmt
Management And General$152,765ManagementAndGeneralAmt
Fundraising$66,407FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$4,472TotalAmt
Program Services$3,223ProgramServicesAmt
Management And General$866ManagementAndGeneralAmt
Fundraising$383FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$53,861TotalAmt
Program Services$39,047ProgramServicesAmt
Management And General$10,338ManagementAndGeneralAmt
Fundraising$4,476FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$75,400TotalAmt
Program Services$54,666ProgramServicesAmt
Management And General$14,471ManagementAndGeneralAmt
Fundraising$6,263FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$43,818TotalAmt
Management And General$43,818ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$31,830TotalAmt
Management And General$31,830ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$16,526TotalAmt
Management And General$16,526ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$47,652TotalAmt
Program Services$47,652ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$32,103TotalAmt
Management And General$32,103ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$205,216TotalAmt
Program Services$189,831ProgramServicesAmt
Management And General$14,748ManagementAndGeneralAmt
Fundraising$637FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$64,837TotalAmt
Management And General$64,837ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,832TotalAmt
Management And General$6,832ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmtManagement And GeneralManagementAndGeneralAmt
COMMUNICATION AND EDUCA$229,560$229,153$407
TRAINING$9,975$9,975
MEALS AND ENTERTAINMENT$8,128$1,757$6,371
BAD DEBT EXPENSE$3,000$3,000

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,762,416TotalAmt
Program Services$1,237,283ProgramServicesAmt
Management And General$434,041ManagementAndGeneralAmt
Fundraising$91,092FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$269,441BOYAmt
EOY$209,909EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$202,632BOYAmt
EOY$292,910EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$17,963BOYAmt
EOY$123,453EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$213,156LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$131,709LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$96,361BOYAmt
EOY$81,447EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$20,283BOYAmt
EOY$60,094EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$606,680BOYAmt
EOY$767,813EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$9,450BOYAmt
EOY$79,357EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$370,283BOYAmt
EOY$410,094EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$379,733BOYAmt
EOY$489,451EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$226,947BOYAmt
EOY$278,362EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$226,947BOYAmt
EOY$278,362EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$606,680BOYAmt
EOY$767,813EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$51,415ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$418,249CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,163,801CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,205,710CurrentTaxYearMinus1YearAmt
Current Tax Year$1,807,354CurrentTaxYearAmt
Total$4,595,114TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$418,249CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,163,801CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,205,710CurrentTaxYearMinus1YearAmt
Current Tax Year$1,807,354CurrentTaxYearAmt
Total$4,595,114TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$4,595,114PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$48CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$137CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,611CurrentTaxYearMinus1YearAmt
Current Tax Year$7,851CurrentTaxYearAmt
Total$11,647TotalAmt
FieldValueIRS element (for citing)
Total Support$4,606,761TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART IFormAndLineReferenceDesc
ExplanationFOR THE YEAR ENDED JUNE 30, 2024, INVETS FILED FORM 8940 TO REQUEST APPROVAL CLASSIFICATION AS A PUBLIC CHARITY DESCRIBED IN IRC SECTIONS 509(A)(1). IRS APPROVED THE CHANGE UPON REVIEW, AND INVETS IS FILING AS AN ORGANIZATION THAT NORMALLY RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM A GOVERNMENTAL UNIT OR FROM THE GENERAL PUBLIC DESCRIBED IN SECTION 170(B)(1)(A)(VI).ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$80,135OtherCostOrOtherBasisAmt
Depreciation$43,165DepreciationAmt
Book Value$36,970BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$133,021OtherCostOrOtherBasisAmt
Depreciation$88,544DepreciationAmt
Book Value$44,477BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$81,447TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescRIGHT OF USE ASSETDesc
Book Value$60,094BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$60,094TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
UNEARNED REVENUE$350,000
LEASE LIABILITY$60,094
FieldValueIRS element (for citing)
Total Liability$410,094TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,825,878TotalRevEtcAuditedFinclStmtAmt
Other Revenue$12,047OtherRevenueAmt
Revenue Not Reported$12,047RevenueNotReportedAmt
Revenue Subtotal$1,813,831RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,813,831TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,774,463TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$12,047OtherExpensesIncludedAmt
Expenses Not Reported$12,047ExpensesNotReportedAmt
Expenses Subtotal$1,762,416ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,762,416TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:INVETS IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. THERE WAS NO INCOME TAX EXPENSE ON UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2024 AND 2023. INVETS FILES U.S. FEDERAL AND STATE OF INDIANA INFORMATION AND INCOME TAX RETURNS. INVETS IS SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE FISCAL YEARS BEFORE 2021. MANAGEMENT BELIEVES THAT INVETS' INCOME TAX FILING POSITIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN MATERIAL CHANGE.
PART XI, LINE 2D - OTHER ADJUSTMENTS:SPECIAL EVENT EXPENSES 12,047.
PART XII, LINE 2D - OTHER ADJUSTMENTS:SPECIAL EVENT EXPENSES 12,047.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART V, LINE 2INDIANA VETERANS INITIATIVE HAD 20 EMPLOYEES DURING THE FISCAL YEAR. INDIANA VETERANS INITIATIVE UTILIZES A PROFESSIONAL EMPLOYER ORGANIZATION, WHICH FILES THE W-3 ON THEIR BEHALF.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 WILL BE SENT TO TREASURER FOR INITIAL REVIEW, THEN EXECUTIVE COMMITTEE FOR APPROVAL, FOLLOWED BY THE ENTIRE BOARD FOR FINAL REVIEW.
FORM 990, PART VI, SECTION B, LINE 12CTHE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS REVEIWED WITH ALL EMPLOYEES AND BOARD MEMBERS ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15THE PERFORMANCE AND COMPENSATION OF KEY EMPLOYEES ARE REVIEWED, ANALYZED AND SET BY THE BOARD OF DIRECTORS, WHICH USES COMPARABLES TO THE COMPENSATION OF OTHER ORGANIZATIONS BY REVIEW OF THE 990 FROM SIMILAR ORGANIZATIONS. THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS AND REVIEWED ON A FISCAL YEAR.
FORM 990, PART VI, SECTION C, LINE 18UPON REQUEST
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTS ARE AVAILABLE UPON REQUEST.
PART XII, LINE 2CTHE OVERSIGHT OF THE AUDIT HAS NOT CHANGED SINCE THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtControlled OrganizationControlledOrganizationInd
STATE OF INDIANA
200 W WASHINGTON STREETINDIANAPOLISIN46204356000158GOVERNANCEIN501(C)(3)LINE 60
INDIANA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC
125 WEST MARKET STREET 300INDIANAPOLISIN46204203318486ECONOMIC DEVELOPMENTIN501(C)(3)LINE 12A, I0
NORTHEAST INDIANA REGIONAL PARTNERSHIP INC
200 E MAIN STREET SUITE 910FORT WAYNEIN46802351984702ECONOMIC DEVELOPMENTIN501(C)(6)0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE R, PART IIFormAndLineReferenceDesc
ExplanationSTATE OF INDIANA, INDIANA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION, INC, AND NORTHEAST INDIANA REGIONAL PARTNERSHIP, INC WERE SUPPORTED ORGANIZATIONS THROUGH JUNE 13, 2024.ExplanationTxt