Neighborhood Self Employment Initiative Inc

INDIANAPOLIS, IN EIN: 35-2028160 Website

Community Improvement & Capacity Building

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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$6.5M

-14.0% YoY

Revenue

$974K

-43.1% YoY

Net Investment Income

$113K

Expenses

$1.7M

-7.0% YoY

About Neighborhood Self Employment Initiative Inc

Based on IRS filings

Neighborhood Self Employment Initiative Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in INDIANAPOLIS, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.5M in total assets. Net investment income was $113K.

Focus Areas

Community Improvement & Capacity Building

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $13.3M (98%)

Kentucky $215K (2%)

States

Indiana Kentucky

Cities

IndianapolisLouisville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$6,501,469	$7,563,755	$8,162,575
Revenue	$973,610	$1,712,079	$848,057
Expenses	$1,657,739	$1,781,747	$1,230,756
Qualifying Distributions	—	—	—
Net Investment Income	$112,738	—	—
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 0 recipients in 2024

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ANDREA MCGORDON	VICE CHAIR	2	—
DREW LINN	BOARD CHAIR	2	—
PATTY PROSSER	SECRETARY	2	—
ALTAF HUSSAIN	BOARD MEMBER	2	—
BILL BOWER	BOARD MEMBER	2	—
E ZENAI SAVAGE	BOARD MEMBER (As of July 2024)	1	—
ERICA WILLIAMS	BOARD MEMBER	2	—
MATHEW FOLEY	BOARD MEMBER	2	—
NASHELLE FRAZIER	BOARD MEMBER	1	—
Phil powell	Board Member	1	—
Ryan O'connor	Board Member	1	—
SCOTT RANSBURG	BOARD MEMBER	1	—
STACIE PORTER BILGER	BOARD MEMBER	2	—
WAYNE PATRICK	BOARD MEMBER	1	—
David herron	EXECUTIVE DIRECTOR	40	$128,937

Subject Areas

Focus areas based on grantmaking activity

Community Improvement & Capacity Building

Frequently Asked Questions

What is Neighborhood Self Employment Initiative Inc?

Neighborhood Self Employment Initiative Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in INDIANAPOLIS, IN. It holds $6.5M in total assets as of 2024.

How large is Neighborhood Self Employment Initiative Inc?

As of 2024, Neighborhood Self Employment Initiative Inc holds $6.5M in total assets with $974K in annual revenue.

Where does Neighborhood Self Employment Initiative Inc operate?

Neighborhood Self Employment Initiative Inc has awarded grants in Indiana, Kentucky.

What is Neighborhood Self Employment Initiative Inc's EIN?

Neighborhood Self Employment Initiative Inc's EIN (Employer Identification Number) is 35-2028160. IRS Form 990 filing data is available on this page for 2020–2024.