NonprofitsBusiness Ownership Initiative Of Indiana Inc

Community Improvement & Capacity Building

Business Ownership Initiative Of Indiana Inc

INDIANAPOLIS, IN

Total revenue

$974K

Total expenses

$1.7M

Net assets

$2.1M

Grants received

$1.1M

13 grants

EIN

352028160

Tax year

2024

Mission

Our mission is to help individuals grow and launch their own business through free one-to-one coaching, workshops and access to capital in central indiana.

Financials

FY 2024

Revenue

Contributions & grants$671K
Program service revenue$165K
Investment income$113K
Other revenue$25K
Total revenue$974K

Expenses

Grants paid
Salaries & benefits$1.0M
Fundraising
Other expenses$637K
Total expenses$1.7M
Total assets$6.5M
Net assets$2.1M

People

15 listed

NameRoleCompensation

David herron

EXECUTIVE DIRECTOR

Board

$129K

40 hrs/wk

DREW LINN

BOARD CHAIR

Board

2 hrs/wk

PATTY PROSSER

SECRETARY

Board

2 hrs/wk

ALTAF HUSSAIN

BOARD MEMBER

Board

2 hrs/wk

BILL BOWER

BOARD MEMBER

Board

2 hrs/wk

E ZENAI SAVAGE

BOARD MEMBER (As of July 2024)

Board

1 hrs/wk

ERICA WILLIAMS

BOARD MEMBER

Board

2 hrs/wk

ANDREA MCGORDON

VICE CHAIR

Board

2 hrs/wk

NASHELLE FRAZIER

BOARD MEMBER

Board

1 hrs/wk

Phil powell

Board Member

Board

1 hrs/wk

Ryan O'connor

Board Member

Board

1 hrs/wk

SCOTT RANSBURG

BOARD MEMBER

Board

1 hrs/wk

STACIE PORTER BILGER

BOARD MEMBER

Board

2 hrs/wk

WAYNE PATRICK

BOARD MEMBER

Board

1 hrs/wk

MATHEW FOLEY

BOARD MEMBER

Board

2 hrs/wk

Grants received

Showing 13 of 13

FromAmountPurposeYear
$300K
Program Manager
2024
$10K
CHARITABLE DONATION
2023
$20K
CHARITABLE DONATION
2022
$1K
GENERAL OPERATING SUPPORT
2022
$255K
Rapid Response Loan Fund
2020
$284
GENERAL OPERATING SUPPORT
2020
$20K
For grant recipient's exempt purposes
2019
$990
GENERAL OPERATING SUPPORT
2019
$40K
Crime Prevention 2018
2018

Funded by

$1.1M from 7 funders · 13 grants · 2018–2024

The Indianapolis Foundation Inc

$340K · 2 grants · 2018–2024

Local Initiatives Support Corporation

$209K · 3 grants · 2022–2024

Charities Aid Foundation America

$29K · 2 grants · 2022–2023

Jpmorgan Chase Foundation

$2K · 3 grants · 2019–2022

Details

EIN352028160
NTEE codeS20
Subsection03
Ruling date1998-03
Formed1997
Employees67
Volunteers30
BUSINESS OWNERSHIP INITIATIVE OF INDIANA INC — Mission, Financials & Grants Received | Grantivo