Cicp Foundation Inc
CICP FOUNDATION, INC. (THE FOUNDATION) OPERATES EXCLUSIVELY FOR THE BENEFIT OF AND CARRIES OUT THE MISSION OF CENTRAL INDIANA CORPORATE PARTNERSHIP, INC. (CICP) BY ENGAGING IN AND SUPPORTING ACTIVITIES IN FURTHERANCE OF PURPOSES THAT ARE CHARITABLE, EDUCATIONAL OR OTHERWISE DESCRIBED IN SECTION 170(C)(2)(B) OF THE INTERNAL REVENUE CODE. CENTRAL INDIANA CORPORATE PARTNERSHIP (CICP) IS AN ALLIANCE OF INDIANA'S BUSINESS AND RESEARCH UNIVERSITY LEADERS COMING TOGETHER TO FOSTER LONG-TERM PROSPERITY FOR THE REGION. CICP'S MISSION IS TO TRANSFORM THE ECONOMY OF INDIANA IN ORDER TO CREATE A SUSTAINABLE PROSPERITY AND QUALITY OF LIFE FOR OUR CITIZENS AND FUTURE GENERATIONS.
Financial Overview
From 2024 IRS Form 990-PF
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
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Financial History
Multi-year comparison from IRS filings
| 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
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Cicp Foundation Inc fund?
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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 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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