Neighborhood Self Employment Initiative Inc
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.
Neighborhood Self Employment Initiative Inc at a glance
- Total assets
- $6,501,469
- -14.0% vs 2023
- Revenue (2024)
- $973,610
- -43.1% vs 2023
- Net investment income (2024)
- $112,738
- Expenses (2024)
- $1,657,739
- -7.0% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Neighborhood Self Employment Initiative Inc funds
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $100–250K range: 1 grant of 4 (25%).
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2021, annual grant giving ranged from $314K (2021) to $13.5M (2020). In 2021 it made 1 grant totaling $314K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Greater Indianapolis Chamber of Commerce Indianapolis, IN | Develop Indy | $314,239 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $6,501,469 | $973,610 | $1,657,739 | — | — | $112,738 |
| 2023 | $7,563,755 | $1,712,079 | $1,781,747 | — | — | — |
| 2022 | $8,162,575 | $848,057 | $1,230,756 | — | — | — |
| 2021 | $9,845,719 | $1,342,321 | $1,695,916 | $314,239 | 1 | $3,599 |
| 2020 | $10,832,458 | $18,484,528 | $15,511,256 | $13,546,788 | 3 | $12,451 |
About Neighborhood Self Employment Initiative Inc
Based on IRS filings
Neighborhood Self Employment Initiative Inc is a public charity 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
Leadership & Key People
Officers and directors from IRS filings
Neighborhood Self Employment Initiative Inc is led by David herron, Executive Director on every filing since 2023; 1 of 15 officers listed in 2024 is compensated.
Officers on the 2024 filing
David herron
Executive Director
On filings since 2023
40 hrs/week
$22K (2023) → $129K (2024)
Drew Linn
Board Chair
Vice Chair & Treasurer → Board Chair, 2022
On filings since 2020
2 hrs/week
No compensation reported
Altaf Hussain
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Bill Bower
Board Member
Board Chair → Board Member, 2022
On filings since 2020
2 hrs/week
No compensation reported
Erica Williams
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Mathew Foley
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Patty Prosser
Secretary
On filings since 2020
2 hrs/week
No compensation reported
Stacie Porter Bilger
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Andrea McGordon
Vice Chair
Board Member → Vice Chair, 2023
On filings since 2022
2 hrs/week
No compensation reported
Nashelle Frazier
Board Member
On filings since 2022
1 hr/week
No compensation reported
Scott Ransburg
Board Member
On filings since 2022
1 hr/week
No compensation reported
Phil powell
Board Member
On filings since 2023
1 hr/week
No compensation reported
Ryan O'connor
Board Member
On filings since 2023
1 hr/week
No compensation reported
E. Zenai Savage
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Wayne Patrick
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (10)
- Former: Zenai Savage (2023) — Board Member
- Former: Michele Lorbieski (2020–2022) — Vice Chair
- Former: Richard Louis Proctor II (2020–2022) — Executive Director of Entrepreneur Services
- Former: Ron Senci (2022) — Board Member
- Former: Beatrice Cork (2020–2021) — Board Member
- Former: James Acremanne (2020–2021) — Board Member
- Former: Lori Ball (2020–2021) — Board Member
- Former: Michelle Jackson (2020–2021) — Board Member
- Former: Bj Brinkerhoff (2020) — Board Memeber
- Former: Garrett Doan (2020) — Board Member
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $129K, to David herron (Executive Director).
Frequently asked questions about Neighborhood Self Employment Initiative Inc
How large is Neighborhood Self Employment Initiative Inc?
Neighborhood Self Employment Initiative Inc reported $6.5M in total assets on its 2024 IRS Form 990. Its revenue that year was $974K.
What is Neighborhood Self Employment Initiative Inc?
Neighborhood Self Employment Initiative Inc is a public charity focused on Community Improvement & Capacity Building, based in Indianapolis, IN. It holds $6.5M in total assets as of 2024.
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.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- IRS filings on file for fiscal years 2020–2024
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