Indiana State Chamber of Commerce Foundation Inc

The Indiana State Chamber of Commerce Foundation Inc, with an Employer Identification Number (EIN) of 31-1010164, is a nonprofit organization categorized under Educational Institutions and Related Activities / Educational Services and Schools - Other, as classified by the National Taxonomy of Exempt Entities (NTEE)[1]. Donations to this organization are tax-deductible, reflecting its status as a federally recognized tax-exempt entity.

Purpose and Activities

The foundation is dedicated to supporting educational and charitable endeavors. It focuses on fostering research activities and promoting the development of educational initiatives[3].

Financial Overview

In recent years, the foundation has primarily relied on contributions for its revenue, with a high percentage coming from this source. For instance, contributions have accounted for nearly all of its total revenue in different years[1]. The organization's expenses are diverse, including salaries and wages, with executive compensation also being a notable expense. Despite generating considerable revenue from contributions, the foundation has reported net losses in some years, reflecting higher expenses than revenue[1].

Governance and Structure

There is limited information available on the specific governance structure of the Indiana State Chamber of Commerce Foundation Inc, including details about its board members[3].

Relationship to the Indiana Chamber of Commerce Inc

The Indiana Chamber of Commerce Inc is a separate entity from the foundation but is closely related in purpose. It serves as a leading business advocacy organization in Indiana, with a significant membership base representing various industries across the state[5]. The Chamber focuses on business advocacy and provides training conferences for its members[4].

While the Indiana Chamber of Commerce Inc is distinct, both organizations are integral to promoting business interests and educational initiatives within Indiana.