Indiana · Nonprofit
Indiana Chamber of Commerce Foundation Inc
Indiana Chamber of Commerce Foundation Inc (Indiana) receives grants from 11 organizations whose IRS filings report $1,048,000 to it, the largest being Richard M Fairbanks Foundation Inc ($520,500). 4 of them have funded it in more than one year.
- Revenue FY2025
- $422k
- Funders on record
- 11
- Grants received
- $1.0M
- Net assets
- $362k
What Indiana Chamber of Commerce Foundation Inc does
Mission
The indiana chamber of commerce foundation works to encourage, aid, and promote educational and charitable organizations, endeavors, and research actvities which will benefit the general public of indiana, with an emphasis on activities that promote economic development and job opportunities within indiana.
As stated on its FY2025 Form 990.
Programs
Indiana prosperity 2035 is a long-term economic development action plan developed in 2022 to position indiana to be a global leader in innovation and economic opportunity where enterprises and citizens prosper. It outlines 32 initiatives in six focus areas which promote outstanding talent, k-12 education excellence, economic innovation, superior infrastructure, quality of place and a healthy state. Activities include in-depth research, programming, volunteer task force work, regional and statewide outreach and the plan includes report cards and other initiatives to track plan progress. A volunteer task force lead the development of the plan.
$451,850 spent60% of program spendingSeveral public policy issue research studies were commissioned and concluded in 2025, including a comprehensive study of the state's tax system and laws, energy permitting and siting with the us energy foundation, a richard m fairbanks foundation partership to incubate a new technology talent association, and a study on the workforce needs for the state with the indiana fiscal policy institute.
$305,436 spent40% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $757,286.
The organization over time
Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $615k to $1.2M (+102%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 10% · 2022 0% · 2023 0%. Grants only. Government contracts and fees sit inside program revenue.
94% of Indiana Chamber of Commerce Foundation Inc’s revenue is contributions — more donation-reliant than the typical peer (57% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 6 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Dan Elsener
Director, chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2018 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $75k → $83k.
2 of 11 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 6% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $323k from 3 payers (the payer shares this organization's board, largest Indiana Chamber of Commerce Inc). These are real filings, and they are not money Indiana Chamber of Commerce Foundation Inc raised.
From the IRS filings of Indiana Chamber of Commerce Foundation Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Indiana Chamber of Commerce Foundation Inc leans on a few funders — its largest provides 50% of grant income and the top three 70%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2018 100% · 2019 65% · 2020 100% · 2021 39% · 2022 67% · 2023 67% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
25% of Indiana Chamber of Commerce Foundation Inc's funders are still giving 2 years after their first grant; 36% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
80% of Indiana Chamber of Commerce Foundation Inc's grant income comes from Indiana funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $65k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Indiana Chamber of Commerce Foundation Inc has grown faster than half of the 16,849 education nonprofits its size.
this organization peer median middle 50% of peers· 16,849 education nonprofits $100k–$1M, FY2025
Organizations like Indiana Chamber of Commerce Foundation Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Indiana
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
98% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 7 related entities
- Indiana Chamber of Commerce Inc · exempt
- Indiana Business for Responsive Govt · exempt
- Indiana Chamber Congressional Action Com (End 61025) · exempt
- Wellness Council of Indiana · exempt
- Institute for Workforce Excellence · exempt
Screen this organization
A dated, signed PDF of the compliance screen for Indiana Chamber of Commerce Foundation Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Indiana Chamber of Commerce Foundation Inc?
- Indiana Chamber of Commerce Foundation Inc (Indiana) receives grants from 11 organizations whose IRS filings report $1,048,000 to it, the largest being Richard M Fairbanks Foundation Inc ($520,500). 4 of them have funded it in more than one year.
- How many funders does Indiana Chamber of Commerce Foundation Inc have?
- IRS filings report 11 organizations giving $1,048,000 in grants to Indiana Chamber of Commerce Foundation Inc, 4 of which have funded it in more than one year.
- Who is the largest funder of Indiana Chamber of Commerce Foundation Inc?
- Richard M Fairbanks Foundation Inc is the largest funder on record, with $520,500 in grants. The full list of funders is on this page.
- How can an organization like Indiana Chamber of Commerce Foundation Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 11 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing