Cicp Foundation Inc
CICP Foundation Inc is a 501(c)(3) public charity based in Indianapolis, Indiana, established in 1999. The Foundation operates exclusively to support the mission of Central Indiana Corporate Partnership (CICP), an alliance of Indiana's business and research university leaders. The Foundation engages in and supports charitable, educational, and scientific activities designed to foster long-term prosperity for the Central Indiana region.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$27.5M
-37.2% YoY
Annual Giving
$7.3M
-45.1% YoY
Grant Count
40
-9.1% YoY
Avg Grant Size
$183K
-39.6% YoY
Mission & Focus Areas
Mission: Transform the economy of Indiana in order to create a sustainable prosperity and quality of life for citizens and future generations.
The Foundation supports CICP's five key talent and industry sector initiatives:
- Ascend Indiana – A talent and workforce development initiative committed to making Indiana a place of economic opportunity for all
- AgriNovus Indiana – Addresses challenges and opportunities in agbiosciences
- BioCrossroads – Focuses on life sciences
- Conexus Indiana – Addresses advanced manufacturing and logistics
- TechPoint – Focuses on technology sector development
Primary funding focus areas include education, philanthropy, voluntarism and grantmaking, and human services.
Grantmaking
The Foundation's grant-making focuses primarily on Indiana, Illinois, and Virginia. Recent grantmaking activity includes support for the Indiana Career Apprenticeship Pathway (INCAP) initiative and the Catalyst Scholars Fund for advanced chemistry innovation.
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Geographic Focus
Where this funder awards grants
Primary focus on Indiana, with secondary activity in Illinois and Virginia.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $27,483,469
- Total Revenue: $29,580,011
- Total Expenses: $28,537,091
- Total Liabilities: $20,000,000
Rating: Three-Star rating with a score of 78% (Accountability & Finance focused)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $27,483,469 | $43,729,093 | $59,493,822 |
| Revenue | $29,580,011 | $34,388,088 | $22,354,287 |
| Expenses | $28,537,091 | $32,830,359 | $21,503,099 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,350,561 | $1,903,231 | $517,983 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
149 grants across all recorded years
Open Grants
1 open opportunity from Cicp Foundation Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SUE ELLSPERMANN | CHAIR | 1 | — |
| BRYAN MILLS | VICE CHAIR/TREASURER | 1 | — |
| STEPHEN FERGUSON | SECRETARY | 1 | — |
| GAIL BOUDREAUX | AT-LARGE | 1 | — |
| JEFF HARRISON | AT-LARGE | 1 | — |
| MARK HILL | AT-LARGE | 1 | — |
| DAVE RICKS | AT-LARGE | 1 | — |
| JENNIFER RUMSEY | AT-LARGE | 1 | — |
| JEFF SMULYAN | AT-LARGE | 1 | — |
| MELINA KENNEDY | CEO, CICP | 20 | — |
| LATOYA ALEXANDER BOTTERON | PRESIDENT AND CFO, CICP | 16 | — |
Recent News & Activity
Recent developments and announcements
The Foundation has been active in supporting major regional economic development initiatives:
Support for the Indiana Career Apprenticeship Pathway (INCAP), which will launch its first cohort of high school students in fall 2026. Students will split time between workplace and classroom with at least 50% of training on-the-job.
CICP launches fund aimed at making Indiana a chemistry hub**Ascend Indiana Performance (2024):** Matched 963 early-career Hoosiers and job seekers with career and internship opportunities; completed 7 projects and connected 826 individuals to training and work-based learning opportunities.
**Catalyst Scholars Fund:** Launched to drive advanced chemistry innovation in Indiana and support the goal of making Indiana an advanced chemistry hub.
CICP launches fund aimed at making Indiana a chemistry hubCollaboration with the Richard M. Fairbanks Foundation and nearly 200 business, education, philanthropic and public-sector partners on CEMETS iLab Indiana, a comprehensive strategic plan for statewide apprenticeship experiences.
Contact Information
Address: 1210 Waterway Blvd Ste 5000, Indianapolis, IN 46202-2174
Phone: 317-532-4802
Website: www.cicpindiana.com
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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