Governor Bob Orr Indiana Entrepreneurial Fellowship
- Assets
- $1.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Indianapolis, IN
- Founding
- 01/2005
- Data as of
- 12/2023
- EIN
- 20-1134456
Organization Overview
Governor Bob Orr Indiana Entrepreneurial Fellowship is located in Indianapolis, IN. The organization was established in 2005. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Governor Bob Orr Indiana Entrepreneurial Fellowship employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Governor Bob Orr Indiana Entrepreneurial Fellowship is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Governor Bob Orr Indiana Entrepreneurial Fellowship generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $932.2k during the year ending 12/2023. While expenses have increased by 12.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORR FELLOWSHIP RECRUITS AND DEVELOPS THE NEXT GENERATION OF BUSINESS LEADERS AND ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, ORR FELLOWSHIP RECRUITED IN-PERSON AND VIRTUALLY AT OVER 60 COLLEGES AND UNIVERSITIES AND ATTRACTED 906 QUALIFIED CANDIDATES. WE SHARED JOB OFFERS WITH 90 CANDIDATES WHO ALSO RECEIVED OFFERS TO JOIN ORR FELLOWSHIP AS ORR FELLOWS (NEW MEMBERS) IN THE FUTURE CLASS OF 2024.
IN 2023, ORR FELLOWSHIP CONTINUED TO OFFER LEARNING AND DEVELOPMENT EVENTS TO OUR MEMBERS INCLUDING NATIONAL SPEAKER, BUSINESS LEADER SPEAKER SERIES, FUNCTIONAL WORKSHOPS, DIVERSITY, EQUITY, AND INCLUSION TRAININGS, AND LEADERSHIP DEVELOPMENT PROGRAMMING.
EXPENSES RELATED TO OPERATING THE ORGANIZATION AT A HIGH LEVEL INCLUDING THE 3 FULL-TIME EMPLOYEES. THE FTES ARE RESPONSIBLE FOR CREATING AND DELIVERING ALL PROGRAMMING RELATED TO THE RECRUITMENT PROCESS AND EXECUTION OF THE LEARNING AND DEVELOPMENT EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blake Koriath Board Chair | OfficerTrustee | 1 | $0 |
Maggie Williams Board Vice Chair | OfficerTrustee | 0.2 | $0 |
Tiffany Sauder Treasurer | OfficerTrustee | 0.2 | $0 |
Eric Goodman Secretary | OfficerTrustee | 0.25 | $0 |
Jim Jay Board Member | Trustee | 0.15 | $0 |
Aman Brar Board Member | Trustee | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,511,708 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,511,708 |
| Total Program Service Revenue | $0 |
| Investment income | $20,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,541,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $132,562 |
| Compensation of current officers, directors, key employees. | $33,141 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,221 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,936 |
| Payroll taxes | $23,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,472 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,719 |
| Office expenses | $0 |
| Information technology | $46,587 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,993 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,563 |
| All other expenses | $58,902 |
| Total functional expenses | $932,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,492,375 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,605 |
| Total assets | $1,508,980 |
| Accounts payable and accrued expenses | $67,055 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $67,055 |
| Net assets without donor restrictions | $701,925 |
| Net assets with donor restrictions | $740,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,508,980 |