Northwest Indiana Forum Inc
- Assets
- $147.0k
- Revenue
- $574.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Portage, IN
- Founding
- 09/1980
- Data as of
- 12/2021
- EIN
- 35-1467924
Organization Overview
Northwest Indiana Forum Inc is located in Portage, IN. The organization was established in 1980. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Northwest Indiana Forum Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Indiana Forum Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Northwest Indiana Forum Inc generated $574.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $666.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE BROAD-BASED WEALTH IN NORTHWEST INDIANA THROUGH ECONOMIC DEVELOPMENT IN HARMONY WITH THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTREACH AND EDUCATIONAL EFFORTS ENCOURAGING ENVIRONMENTAL CONSCIOUSNESS, BUSINESS DEVELOPMENT, JOB CREATION AND CAPITAL INVESTMENT IN THE 7-COUNTY AREA (LAKE, PORTER, LAPORTE, STARKE, JASPER, NEWTON AND PULASKI).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Ennis President | Officer | 40 | $118,440 |
Dewey Pearman Membership Committee Chair | OfficerTrustee | 2 | $0 |
Michele Murday Director | OfficerTrustee | 2 | $0 |
Stephan Eastridge Director | OfficerTrustee | 2 | $0 |
James Jorgensen Governance Committee | OfficerTrustee | 2 | $0 |
Tony Oss Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $385,965 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,615 |
| All other contributions, gifts, grants, and similar amounts not included above | $120,854 |
| Noncash contributions included in lines 1a–1f | $57,456 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $560,434 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,800 |
| 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 | $574,234 |
| 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. | $133,704 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,125 |
| Pension plan accruals and contributions | $12,976 |
| Other employee benefits | $15,014 |
| Payroll taxes | $21,309 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,698 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,563 |
| Advertising and promotion | $9,550 |
| Office expenses | $12,669 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,956 |
| Travel | $8,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160,483 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,344 |
| Insurance | $6,852 |
| All other expenses | $0 |
| Total functional expenses | $666,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $58,202 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,150 |
| 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 | $12,591 |
| Net Land, buildings, and equipment | $4,089 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $147,032 |
| Accounts payable and accrued expenses | $1,837 |
| Grants payable | $0 |
| Deferred revenue | $30,550 |
| 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 | $2,361 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $431,203 |
| Total liabilities | $465,951 |
| Net assets without donor restrictions | -$318,919 |
| Net assets with donor restrictions | $0 |
| 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 | $147,032 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northwest Indiana Forum Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Nisource Charitable Foundation Columbus, OH PURPOSE: CORPORATE DONATION | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Chamber Of Commerce Inc Indianapolis, IN | $7,894,910 | $10,261,881 |
Greater Indianapolis Chamber Of Commerce Inc Indianapolis, IN | $15,080,070 | $11,498,115 |
German-American Chamber Of Commerce Of The Midwest Chicago, IL | $9,537,423 | $9,672,106 |
Greater Milwaukee Convention & Visitors Bureau Inc Milwaukee, WI | $13,303,680 | $5,924,757 |
The Chicago Association Of Realtors Inc Chicago, IL | $11,107,922 | $7,821,690 |
Illinois Small Business Growth Corporation Springfield, IL | $2,478,514 | $7,890,542 |
Mainstreet Organization Of Realtors Downers Grove, IL | $23,598,352 | $9,176,226 |
International Society Of Transport Aircraft Traders Chicago, IL | $15,949,487 | $6,305,891 |
Indiana Association Of Realtors Inc Indianapolis, IN | $16,694,252 | $6,642,922 |
Better Business Bureau Of Greater St Louis Inc St Louis, MO | $4,281,553 | $5,139,066 |
Louisville Chamber Of Commerce Inc Louisville, KY | $4,510,911 | $5,726,033 |
Springfield Convention And Visitors Springfield, MO | $1,284,082 | $4,581,352 |