2025-12-19T11:31:59-06:00 2024-06-30 352123203 KSM BUSINESS SERVICES INC PO BOX 40857 INDIANAPOLIS IN 46240 990 2023-07-01 202664607 INDIANA ECONOMIC DEVELOPMENT FOUNDATION INC INDI 8004638081 1 NORTH CAPITAL AVE INDIANAPOLIS IN 46204 JOSHUA RICHARDSON IEDC PRESIDENT 8004638081 2025-12-16 1 0 CASSE TATE P01271193 3175802000 2025-12-15 2023 2025-03-06 01:10:19Z JOSHUA RICHARDSON 1 NORTH CAPITAL AVE INDIANAPOLIS IN 46204 3246134 0 X HTTPS://IEDC.IN.GOV/ X 2005 IN TO PROMOTE INDUSTRIAL AND BUSINESS DEVELOPMENT, DIVERSIFICATION OF INDIANA'S ECONOMY, AND OVERALL ECONOMIC GROWTH OF INDIANA. 14 14 0 13 0 0 1546863 3237109 0 0 5411 9025 18573 0 1570847 3246134 2540 6938 0 0 0 0 0 0 1124 2251170 1151105 2253710 1158043 -682863 2088091 1274371 3632673 285251 312389 989120 3320284 X 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. 0 0 934648 6938 IN 2023, THE ORGANIZATION FACILITATED RECORD-BREAKING ECONOMIC GROWTH ACROSS INDIANA, SECURING $28.7 BILLION IN COMMITTED CAPITAL INVESTMENT A 29% INCREASE FROM THE PRIOR YEAR. THIS SUPPORTED 208 BUSINESS COMMITMENTS AND GENERATED 21,866 EXPECTED NEW JOBS WITH AN AVERAGE WAGE OF $36.07/HOUR, SURPASSING BOTH STATE AND NATIONAL GROWTH BENCHMARKS. HIGH-IMPACT ANNOUNCEMENTS INCLUDED MAJOR INVESTMENTS FROM GENERAL MOTORS AND SAMSUNG SDI ($3B), ELI LILLY AND COMPANY ($1.6B), AND CANADIAN SOLAR ($800M), AMONG OTHERS. FOREIGN DIRECT INVESTMENT SURGED TO $20.49 BILLION, REPRESENTING 71% OF TOTAL CAPITAL INVESTMENT AND 39% OF ALL COMMITTED JOBS. THE ORGANIZATION ENGAGED GLOBALLY THROUGH ECONOMIC DEVELOPMENT MISSIONS TO EIGHT COUNTRIES AND TERRITORIES, INCLUDING JAPAN, SOUTH KOREA, THE UNITED ARAB EMIRATES, AND THE UNITED KINGDOM. THESE EFFORTS LED TO 736 INTERNATIONAL BUSINESSES FROM 17 COUNTRIES COMMITTING TO GROWTH IN INDIANA, CREATING 8,509 EXPECTED NEW JOBS WITH AN AVERAGE WAGE OF $39.98/HOUR. TO STRENGTHEN INTERNATIONAL PARTNERSHIPS, THE ORGANIZATION OPENED A NEW OFFICE IN SEOUL, SOUTH KOREA, AND HOSTED INDIANA'S FIRST WORLD ECONOMIC FORUM EVENT. INDIANA WAS ALSO ONE OF EIGHT U.S. STATES INVITED TO SHOWCASE AT SOUTH KOREA'S INTERBATTERY CONFERENCE, HIGHLIGHTING ITS LEADERSHIP IN ENERGY INNOVATION. ADDITIONAL GLOBAL ACTIVATIONS INCLUDED PARTICIPATION IN THE FORMULA E LONDON RACE, THE MILANO MONZA MOTOR SHOW, AND BLOOMBERG GREEN AT COP28, POSITIONING INDIANA AS A HUB FOR SUSTAINABLE MOBILITY AND ADVANCED MANUFACTURING. STRATEGIC FOCUS AREAS INCLUDED ADVANCED MANUFACTURING (40% OF PROJECTS), ENERGY PRODUCTION (51% OF INVESTMENT), AND ELECTRIC VEHICLE INNOVATION (19.5% OF INVESTMENT). RURAL COMMUNITIES RECEIVED $1.188 BILLION IN COMMITMENTS, WITH 24% OF PLANNED JOBS FROM COMPANIES NEW TO INDIANA. THESE EFFORTS POSITIONED INDIANA AS A NATIONAL AND GLOBAL LEADER IN MOBILITY, SUSTAINABILITY, AND INTERNATIONAL ENGAGEMENT, DRIVING INCLUSIVE ECONOMIC GROWTH STATEWIDE. 934648 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X RYAN MILLER 8004638081 1 NORTH CAPITAL AVE INDIANAPOLIS IN 46204 ERIC J HOLCOMB CHAIR 1.00 X X 0 0 0 LINDA E WHITE BOARD MEMBER 1.00 X 0 0 0 MICHAEL KUBACKI BOARD MEMBER 1.00 X 0 0 0 JOEL GORELICK BOARD MEMBER 1.00 X 0 0 0 DAYTON MOLENDORP BOARD MEMBER 1.00 X 0 0 0 MARK MILES BOARD MEMBER 1.00 X 0 0 0 FRED MERRITT BOARD MEMBER 1.00 X 0 0 0 AMY SCHUMACHER BOARD MEMBER 1.00 X 0 0 0 JOHN THOMPSON BOARD MEMBER 1.00 X 0 0 0 RICK JOHNSON BOARD MEMBER 1.00 X 0 0 0 KRISTIN MARCUCCILLI BOARD MEMBER 1.00 X 0 0 0 DOMINIC GROTE BOARD MEMBER 1.00 X 0 0 0 JOHN LECHLEITER BOARD MEMBER 1.00 X 0 0 0 SUE MCCLOSKEY BOARD MEMBER 1.00 X 0 0 0 HEIDI BABKOWSKI IEDC TREASURER 1.00 40.00 X 0 147363 38662 DAVID ROSENBERG IEDC EXEC VP, SECRETARY 1.00 40.00 X 0 234566 48352 BRAD CHAMBERS IEDC SECRETARY (END AUG 2023) 1.00 40.00 X 0 0 0 0 381929 87014 0 0 1 0 SHERRY SEIWERT 4026 E 62ND ST INDIANAPOLIS IN 46220 CONSULTING SERVCIES 152598 1 3237109 3237109 9025 9025 3246134 0 0 9025 6938 6938 400 400 2136 2136 23746 12940 10806 38304 19900 17280 1124 26781 24915 1866 48363 25648 22715 324649 193565 131084 190601 152481 38120 496125 496125 1158043 934648 222271 1124 871303 2328697 403068 1301176 0 2800 1274371 3632673 285251 312389 285251 312389 X 879886 3211050 109234 109234 989120 3320284 1274371 3632673 X 2088091 243073 X X 0 1 X 1 0 X 1321217 804458 2595349 1546863 3237109 9504996 1321217 804458 2595349 1546863 3237109 9504996 5076128 4428868 40980 4570 3137 5411 9025 63123 18573 18573 9586692 0.46200 0.37350 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2022 AMOUNT: $ 18,573. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED NORTH AMERICA 0 0 PROGRAM SERVICES TRAVEL EXPENSES FOR SPEAKING ENGAGEMENTS AND STATE REPRESENTATION 24000 SOUTH AMERICA 0 0 PROGRAM SERVICES TRAVEL EXPENSES FOR SPEAKING ENGAGEMENTS AND STATE REPRESENTATION 123000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES TRAVEL EXPENSES FOR SPEAKING ENGAGEMENTS AND STATE REPRESENTATION 267000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES TRAVEL EXPENSES FOR SPEAKING ENGAGEMENTS AND STATE REPRESENTATION 340000 0 0 0 0 0 0 754000 0 754000 0 0 0 0 0 0 X X 1 1 0 0 0 0 0 0 0 0 0 DAVID ROSENBERG IEDC EXEC VP, SECRETARY 0 232315 0 0 0 2251 0 26409 0 21943 0 282918 0 0 HEIDI BABKOWSKI IEDC TREASURER 0 145793 0 0 0 1570 0 16719 0 21943 0 186025 0 0 PART I, LINE 1A THE IEDC TRAVEL POLICY DOES NOT ADDRESS FIRST-CLASS AIRFARE. BUSINESS CLASS IS PERMITTED WHEN TOTAL FLIGHT TIME EXCEEDS 14 HOURS. EXCEPTIONS ARE MADE WHEN THE TRAVELING PARTY ARE TRAVELING AS PART OF A DELEGATION, AND BUSINESS CLASS IS ALLOWED REGARDLESS OF FLIGHT DURATION IN THESE CASES. CHARTER SERVICES ARE PRE-ARRANGED TO SUPPORT COORDINATED GROUP ACTIVITIES. SPOUSE'S TRAVEL EXPENSES ARE COVERED WHEN THE PRESENCE IS FOR PUBLIC DIPLOMACY OR FOR DIPLOMATIC FUNCTIONS. FORM 990- VOLUNTARY FILING THE INDIANA ECONOMIC DEVELOPMENT FOUNDATION (ORGANIZATION) IS EXEMPT FROM FILING FORM 990. THE ORGANIZATION APPLIED FOR EXEMPTION FROM FILING AND RECEIVED APPROVAL FROM THE IRS ON JUNE 14, 2011 UNDER REVENUE PROCEDURE 95-48. ON APRIL 8, 2025 THE GOVERNOR OF THE STATE OF INDIANA ISSUED EXECUTIVE ORDER 25-43 COMPELLING CERTAIN ORGANIZATIONS TO FILE FORM 990. AS A RESULT, THE ORGANIZATION IS FILING FORM 990 TO COMPLY WITH THIS EXECUTIVE ORDER, EVEN THOUGH THE FILING IS NOT REQUIRED BY THE INTERNAL REVENUE CODE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS BEING PROVIDED TO THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS AND BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE CONFLICTS ANNUALLY PER POLICY. ASSOCIATED ANNUAL TRAINING IS PROVIDED WITH ACKNOWLEDGEMENT AND WITH A REQUIREMENT TO UPLOAD A CURRENT CONFLICT OF INTEREST FORM. THE ORGANIZATION MAINTAINS A CONFLICT OF INTEREST LOG IN A CONTENT RESOURCE MANAGMENT SYSTEM AND REGULARY REVIEW CONFLICT OF INTEREST DOCUMENTS. FORM 990, PART VI, SECTION B, LINE 15 WHILE THE INDIANA ECONOMIC DEVELOPMENT FOUNDATION DOES NOT COMPENSATE ANY OFFICERS, THE OFFICERS RECEIVE COMPENSATION FROM A RELATED ORGANIZATION, IEDC. THE IEDC PROCESS FOR DETERMINING COMPENSATION: THE OFFICERS ARE PAID BY THE STATE OF INDIANA. THE PROCESS FOR APPROVAL IS DONE THROUGH THE STATE'S STRATEGIC HIRING COMMITTEE (SHC). THE STRATEGIC HIRING COMMITTEE (SHC) IS COMPRISED OF REPRESENTATIVES FROM STATE BUDGET AGENCY (SBA), STATE PERSONNEL DEPARTMENT (SPD), OFFICE OF MANAGEMENT AND BUDGET (OMB), AND THE GOVERNOR'S OFFICE. THE SHC IS TASKED WITH MANAGING AND REVIEWING POSITION AND HIRING REQUESTS FOR STATE AGENCIES. THE GOAL OF THE COMMITTEE IS TO ASSIST IN THE EFFECTIVE MANAGEMENT OF AGENCY BUDGETS RELATED TO SALARIES AND BENEFITS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND ARE AVAILABLE ON THE IEDC TRANSPARENCY PORTAL. FORM 990, PART VI, SECTION B, LINE 13 AND 14 THE INDIANA ECONOMIC DEVELOPMENT FOUNDATION FOLLOWS THE POLICIES IN PLACE BY THE STATE OF INDIANA AND THE IED FOUNDATION'S RELATED AND CONTROLLING ORGANIZATION, INDIANA ECONOMIC DEVELOPMENT CORPORATION. FORM 990, PART XI, LINE 9: REFUNDABLE ADVANCE RECLASSIFIED FROM GASB PRESENTATION 243,073. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. INDIANA ECONOMIC DEVELOPMENT CORPORATION 1 NORTH CAPITOL AVE SUITE 700 INDIANAPOLIS IN 46204 356000158 STATE AGENCY IN 501(C)(3) LINE 6 N/A 0 INDIANA 21ST CENTURY FUND LP ONE NORTH CAPITOL SUITE 700 INDIANAPOLIS IN 46204 453126479 INVESTMENT FUND DE ELEVATE ADVISORS LLC EXCLUDED 450 0 0 0.45000 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0