2024-11-15T14:14:01+00:00 2023-12-31 350921680 CROWE LLP 3815 River Crossing Parkway Suite 3 00 Indianapolis IN 462400977 990 2023-01-01 352028160 Neighborhood Self Employment Initiative Inc NEIG 3174642258 111 Monument Circle 1950 Indianapolis IN 46204 RICHARD PROCTOR EXECUTIVE DIRECTOR 2024-11-15 true true Jennifer Burke P01342224 3175698989 2024-11-15 2023 2024-10-15 13:58:12Z Business Ownership Initiative of Indiana Inc DAVID HERRON 111 Monument Circle 1950 Indianapolis IN 46204 1712079 false X WWW.BUSINESSOWNERSHIP.ORG X 1997 IN 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. 12 12 11 30 0 0 507682 1429436 333714 275509 0 6661 7134 848057 1712079 0 0 773967 1016956 0 0 456789 764791 1230756 1781747 -382699 -69668 8162575 7563755 5266002 4736850 2896573 2826905 BUSINESS OWNERSHIP INITIATIVE OF INDIANA'S MISSION IS TO PROVIDE SERVICES AND SUPPORT TO EMERGING AND EXISTING BUSINESS OWNERS IN THE NINE-COUNTY, INDIANAPOLIS METROPOLITAN AREA. THE SERVICES INCLUDE MICRO LENDING, BUSINESS-TRAINING CLASSES AND WORKSHOPS, ONE-TO-ONE BUSINESS COUNSELING, LIFE COACHING, MENTORING AND ASSISTANCE WITH LOCATING AND OBTAINING FINANCIAL RESOURCES. false false 1426973 282643 The Business Ownership Initiative (BOI), located in Indianapolis, helps Central Indiana residents start & grow businesses by providing business resources, business coaching and access to financing. Whether you are a first time entrepreneur, developing a plan for a startup business or a small business veteran looking for a small business loan, BOI can help. BOI's services include the following: Entrepreneurial Services for Women: The Central Indiana Women's Business Center (CIWBC) is a cooperative program that partners with the U.S. Small Business Administration (SBA) to promote the creation and growth of businesses by women entrepreneurs, proving education business resources, and access to capital. Business Coaching and Training: BOI provides one-on-one, personalized business coaching free of charge. BOI also offers business training workshops and online business courses to educate entrepreneur and small business owners on a variety of business related topics from marketing to cash flow analysis. Our business coaches are qualified individuals who help our clients move forward and create success. This free service is provided by staff, contractors, and volunteers. Business coaching is also available in Spanish and is provided due to the generous support of The Clowes Fund, Inc. Small Business Lending: BOI offers micro loans from $1,000-$100,000+ for available start-ups or existing businesses. 1426973 true true false false false false false false false false false false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 11 true false false false false false false false false false false false false X 12 12 false false false false false true false true true false false true true true true true false false false false IN X ZENAI SAVAGE 3174642229 111 MONUMENT CIRCLE STE 1950 INDIANAPOLIS IN 46204 ANDREA MCGORDON VICE CHAIR 2.0 0 X X 0 0 0 DREW LINN BOARD CHAIR 2.0 1.0 X X 0 0 0 PATTY PROSSER SECRETARY 2.0 0 X X 0 0 0 ALTAF HUSSAIN BOARD MEMBER 2.0 0 X 0 0 0 BILL BOWER BOARD MEMBER 2.0 1.0 X 0 0 0 ERICA WILLIAMS BOARD MEMBER 2.0 0 X 0 0 0 MATHEW FOLEY BOARD MEMBER 2.0 0 X 0 0 0 NASHELLE FRAZIER BOARD MEMBER 1.0 0 X 0 0 0 Phil powell Board Member 1.0 0 X 0 0 0 Ryan O'connor Board Member 1.0 0 X 0 0 0 SCOTT RANSBURG BOARD MEMBER 1.0 0 X 0 0 0 STACIE PORTER BILGER BOARD MEMBER 2.0 0 X 0 0 0 ZENAI SAVAGE BOARD MEMBER 1.0 0 X 0 0 0 David herron EXECUTIVE DIRECTOR 40.0 0 X 21791 0 839 21791 0 839 0 false false false 0 275000 1121779 32657 1429436 SERVICE CONTRACT REVENUE 900099 141763 141763 INTEREST INCOME FROM MICROLOANS 522291 133746 133746 0 0 0 0 275509 0 0 0 0 Bad debt recovery 900099 261 261 6873 6873 0 0 7134 1712079 282643 0 0 X 22630 18104 4526 843837 675070 168767 18396 14717 3679 85338 68270 17068 46755 37404 9351 306627 245301 61326 0 75065 60052 15013 31768 25414 6354 39849 31879 7970 99776 79821 19955 7658 6126 1532 73121 58497 14624 4642 3714 928 Bad debt expense 101048 80838 20210 DUES AND SUBSCRIPTIONS 17357 13886 3471 SPONSORSHIP COSTS 2833 2833 VARIOUS PROGRAM RELATED EXPENSE 5047 5047 0 0 0 0 1781747 1426973 354774 0 5468471 5368813 304746 589689 0 0 0 0 2388780 1604675 0 0 0 0 578 578 0 0 0 0 8162575 7563755 60755 37090 124368 54212 0 0 5080879 4645548 5266002 4736850 X 712732 1941423 2183841 885482 2896573 2826905 8162575 7563755 -69668 0 X false true X true false X 794617 17190807 890778 507692 1429436 20813330 0 0 794617 17190807 890778 507692 1429436 20813330 0 20813330 72553 12451 353080 202778 133746 774608 0 0 0 0 0 0 0 0 0 0 21587938 1805904 0.9641 0.9661 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FUNDS AVAILABLE FOR MICROLOAN PROGRAMS 4266660 RELATED PARTY PAYABLE 378888 4645548 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Neighborhood Self-Employment Initiative, Inc. DBA Business Ownership Initiative of Indiana, Inc. (BOI) is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code. BOI does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. BOI recognizes interest and/or penalties related to income tax matters in income tax expense. BOI did not have any amounts accrued for interest and penalties at December 31, 2023 and 2022. Form 990, Part VI, Line 15a COMPENSATION OF CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICAL THE COMPENSATION OF THE ORGANIZATION's Executive officer IS DETERMINED BY PERFORMANCE AND BUDGET REVIEW. THE ORGANIZATIONS BOARD PROVIDES PERFORMANCE INSIGHT TO THE PRESIDENT OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE (GICC) PRESIDENT. THE GICC PRESIDENT THEN REVIEWS PERFORMANCE AND PROVIDES SALARY RECOMMENDATIONS . Form 990, Part VI, Line 15b COMPENSATION OF OFFICERS AND KEY EMPLOYEES THE ORGANIZATION DOES NOT HAVE ANY OTHER COMPENSATED OFFICERS OR KEY EMPLOYEES; THEREFORE LINE 15B DOES NOT APPLY BUT HAS BEEN ANSWERED "NO" IN ACCORDANCE WITH THE IRS FORM 990 INSTRUCTIONS. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Board of Directors, by resolution adopted by a majority of the Board, may designate one or more committees, each of which shall consist of two or more Directors, which committees, to the extent provided in said resolution, shall have and exercise the authority of the Board of Directors in the management of the Corporation. THE EXECUTIVE COMMITTEE INCLUDES THE CHAIR, SECRETARY, AND TREASURER (AND VICE CHAIR WHEN ONE IS ELECTED). Form 990, Part VI, Line 7a Members or stockholders electing members of governing body PER THE BYLAWS, THE DIRECTORS SHALL BE APPOINTED BY THE BOARD OF DIRECTORS OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT. IN ADDITION, A FULL COPY OF THE 990 IS PROVIDED TO THE BOI BOARD OF DIRECTORS, WHO APPROVE IT PRIOR TO FILING. THE BOI BOARD RECOMMENDS THE TAX RETURN TO THE INDY CHAMBER FINANCE COMMITTEE, WHO ALSO APPROVE THE TAX RETURN AND A FULL COPY OF FORM 990 BEFORE FILING. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL OFFICERS AND DIRECTORS. ANNUAL QUESTIONNAIRES ARE COMPLETED BY EACH INTERESTED PERSON AND ARE REVIEWED ANNUALLY AT THE JANUARY BOARD MEETING. IF A MEMBER OF THE BOARD HAS A CONFLICT OF INTEREST, THE CHAIR WILL ASK THE MEMBER TO EXCUSE THEMSELVES FROM ANY DISCUSSIONS AND DECISIONS THAT INVOLVE THE CONFLICT. Form 990, Part VI, Line 19 Required documents available to the public THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue MISCELLANEOUS - Total Revenue: 6873, Related or Exempt Function Revenue: 6873, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part IX, Line 11g Other Fees PROFESSIONAL FEES - Total Expense: 303698, Program Service Expense: 242958, Management and General Expenses: 60740, Fundraising Expenses: ; PROFESSIONAL EMPLOYMENT ORGANIZATION (PEO) - Total Expense: 2929, Program Service Expense: 2343, Management and General Expenses: 586, Fundraising Expenses: ; GREATER INDIANAPOLIS CHAMBER OF COMMERCE 111 MONUMENT CIRCLE SUITE 1950 INDIANAPOLIS IN 46204 350412920 MEMBER SERVICES IN 501(c)(6) NA false GREATER INDIANAPOLIS CHAMBER OF COMMERCE FOUNDATION 111 MONUMENT CIRCLE SUITE 1950 INDIANAPOLIS IN 46204 356017715 CHARITABLE IN 501(c)(3) Type I GICC false false false true false false false false false false false true false false true true true true false false