Riley Area Development Corporation

Indianapolis, IN
Tax-exempt since Nov. 2008
EIN: 31-0963438

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Urban, Community Economic Development (NTEE)

Donations to this organization are tax deductible.

Revenue

$357k (2022)

Expenses

$756k (2022)

Total Assets

$8.1M (2022)

Total Liabilities

$1.21M (2022)

Source: Form 990 tax filings from 2010 to 2022

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2022

Revenue

$357,362

Expenses

$755,735

Net Income

-$398,373

Net Assets

$6,898,339

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$97,584	27.3%
Program Services	$292,450	81.8%
Investment Income	$88	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$110,664
Net Inventory Sales	$0
Other Revenue	$77,904	21.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$32,692	4.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$73,645	9.7%

Assets/Debt
Total Assets	$8,104,060
Total Liabilities	$1,205,721
Net Assets	$6,898,339

Compensation

Key Employees and Officers	Compensation	Related	Other
Teresa L Skipper (Executive Director 1/1 5/31)	$32,692	$0	$0
Walter Freihofer (Chair)	$0	$0	$0
Kathy Overbey (Secretary)	$0	$0	$0
Janine Betsey (Director)	$0	$0	$0
Mj Trujillo (Director)	$0	$0	$0
Kathleen Lara (Director)	$0	$0	$0
Tom Marendt (Director)	$0	$0	$0
Bruce R Baird (Executive Director 6/1 12/31)	$0	$0	$0

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990

Filed on Nov. 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$294,424

Expenses

$968,795

Net Income

-$674,371

Net Assets

$7,296,429

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$116,418	39.5%
Program Services	$213,503	72.5%
Investment Income	$66	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$27,761
Net Inventory Sales	$0
Other Revenue	-$7,802

Notable Expenses		Percent of Total Expenses
Executive Compensation	$85,000	8.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$113,145	11.7%

Assets/Debt
Total Assets	$8,646,606
Total Liabilities	$1,350,177
Net Assets	$7,296,429

Compensation

Key Employees and Officers	Compensation	Related	Other
Teresa L Skipper (Executive Director)	$85,000	$0	$0
Gary Reiter (President)	$0	$0	$0
Robert Corr (Director)	$0	$0	$0
Kevin Adams (Director)	$0	$0	$0
Tyjuan Garrett (Director)	$0	$0	$0
Oya Woodruff (Director)	$0	$0	$0
Sam Rogers (Director)	$0	$0	$0
Toni Thomlinson (Director)	$0	$0	$0
Steve Scott (Director)	$0	$0	$0
Matthew Nolley (Past President)	$0	$0	$0

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990

Filed on Nov. 15, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$698,441

Expenses

$1,043,471

Net Income

-$345,030

Net Assets

$7,970,800

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$204,626	29.3%
Program Services	$175,922	25.2%
Investment Income	$9	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$256,031	36.7%
Net Inventory Sales	$0
Other Revenue	$61,853	8.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$88,269	8.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$161,527	15.5%

Assets/Debt
Total Assets	$9,402,532
Total Liabilities	$1,431,732
Net Assets	$7,970,800

Compensation

Key Employees and Officers	Compensation	Related	Other
Terri Skipper (Executive Director)	$88,269	$0	$0
Gary Reiter (President)	$0	$0	$0
Robert Corr (Director)	$0	$0	$0
Matthew Davis (Director)	$0	$0	$0
Jen Eamon (Director)	$0	$0	$0
Will Pritchard (Director)	$0	$0	$0
Sam Rogers (Director)	$0	$0	$0
Meg Storrow (Director)	$0	$0	$0
Rachel Lee (Director)	$0	$0	$0
Toni Tomlinson (Director)	$0	$0	$0
Kenny Dennison (Treasurer)	$0	$0	$0
Steve Scott (Director)	$0	$0	$0
Matthew Nolley (Director)	$0	$0	$0

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990

Filed on Aug. 26, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$1,303,096

Expenses

$924,396

Net Income

$378,700

Net Assets

$8,315,830

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$234,263	18.0%
Program Services	$144,236	11.1%
Investment Income	$702	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$82,453	6.3%
Net Inventory Sales	$0
Other Revenue	$841,442	64.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$101,840	11.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$169,368	18.3%

Assets/Debt
Total Assets	$10,528,380
Total Liabilities	$2,212,550
Net Assets	$8,315,830

Compensation

Key Employees and Officers	Compensation	Related	Other
Terri Skipper (Executive Dir.)	$74,702	$0	$6,159
Eric Strickland (Prior Ex. Dir.)	$19,987	$0	$992
Fred Hash (Vice President)	$0	$0	$0
Judith Essex (Secretary)	$0	$0	$0
Gary Reiter (President)	$0	$0	$0
Robert Corr (Director)	$0	$0	$0
Mathew Davis (Director)	$0	$0	$0
Jan Eamon (Director)	$0	$0	$0
Will Pritchard (Director)	$0	$0	$0
Sam Rogers (Director)	$0	$0	$0
Meg Storrow (Director)	$0	$0	$0
Jana Hageman (Director)	$0	$0	$0
Toni Tomlinson (Director)	$0	$0	$0
Kenny Dennison (Treasurer)	$0	$0	$0
David Pentzien (Director)	$0	$0	$0
Matthew Nolley (Director)	$0	$0	$0

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990

Filed on Nov. 13, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$1,139,488

Expenses

$1,304,243

Net Income

-$164,755

Net Assets

$7,920,225

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$813,496	71.4%
Program Services	$438,186	38.5%
Investment Income	$711	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$2,828
Sales of Assets	-$292,982
Net Inventory Sales	$0
Other Revenue	$182,905	16.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$90,855	7.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$114,234	8.8%

Assets/Debt
Total Assets	$10,274,177
Total Liabilities	$2,353,952
Net Assets	$7,920,225

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$1,526,198

Expenses

$891,908

Net Income

$634,290

Net Assets

$10,359,997

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$972,386	63.7%
Program Services	$531,254	34.8%
Investment Income	$162	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$4,945	0.3%
Sales of Assets	-$618,368
Net Inventory Sales	$0
Other Revenue	$635,819	41.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$74,015	8.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$128,951	14.5%

Assets/Debt
Total Assets	$12,681,965
Total Liabilities	$2,321,968
Net Assets	$10,359,997

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$2,556,316

Expenses

$2,172,529

Net Income

$383,787

Net Assets

$9,725,707

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,561,471	61.1%
Program Services	$603,909	23.6%
Investment Income	$43	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$16,625	0.7%
Sales of Assets	-$7,499
Net Inventory Sales	-$12,531
Other Revenue	$394,298	15.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$78,998	3.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$146,117	6.7%

Assets/Debt
Total Assets	$12,484,438
Total Liabilities	$2,758,731
Net Assets	$9,725,707

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

This audit found:

Significant deficiency in internal controls

Fiscal Year Ending Dec.
2015

Revenue

$2,681,354

Expenses

$1,263,732

Net Income

$1,417,622

Net Assets

$9,341,920

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,018,560	75.3%
Program Services	$501,494	18.7%
Investment Income	$357	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$22,674	0.8%
Sales of Assets	-$44,644
Net Inventory Sales	-$6,295
Other Revenue	$189,208	7.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$81,146	6.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$181,159	14.3%

Assets/Debt
Total Assets	$12,146,521
Total Liabilities	$2,804,601
Net Assets	$9,341,920

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2014

Revenue

$1,144,952

Expenses

$1,985,807

Net Income

-$840,855

Net Assets

$7,905,059

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$719,736	62.9%
Program Services	$307,620	26.9%
Investment Income	$66	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$19,195	1.7%
Sales of Assets	-$35,164
Net Inventory Sales	$3,173	0.3%
Other Revenue	$130,326	11.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$85,000	4.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$148,616	7.5%

Assets/Debt
Total Assets	$9,775,530
Total Liabilities	$1,870,471
Net Assets	$7,905,059

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$1,236,329

Expenses

$811,924

Net Income

$424,405

Net Assets

$8,745,914

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$667,109	54.0%
Program Services	$568,548	46.0%
Investment Income	$28	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$5,068	0.4%
Sales of Assets	-$8,923
Net Inventory Sales	$0
Other Revenue	$4,499	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$87,922	10.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$167,310	20.6%

Assets/Debt
Total Assets	$10,421,699
Total Liabilities	$1,675,785
Net Assets	$8,745,914

Compensation

Key Employees and Officers	Compensation	Related	Other
Eric Strickland (Executive Dir.)	$45,769	$0	$0
William Gray (Prior Exec. Dir)	$42,153	$0	$0
Kenny Dennison (Director)	$0	$0	$0
Fred Hash (Director)	$0	$0	$0
Joshua Robertson (Director)	$0	$0	$0
Mamadou 'Ben' Diallo (Director)	$0	$0	$0
Elizabeth Garber (Director)	$0	$0	$0
Brent Pierce (Director)	$0	$0	$0
Leo Stenz (Director)	$0	$0	$0
Jordan Updike (Director)	$0	$0	$0
David Reed (Director)	$0	$0	$0
Will Pritchard (Director)	$0	$0	$0
Sharon Gamble (Director)	$0	$0	$0
Sarah Hempstead (President)	$0	$0	$0
Dean Illingworth (Director)	$0	$0	$0
Eric Murray (Director)	$0	$0	$0
Karin Ogden (Vice President)	$0	$0	$0
Leah Orr (Director)	$0	$0	$0
Sarah Iglehart (Director)	$0	$0	$0
Cassie Stockamp (Secretary)	$0	$0	$0
Meg Storrow (Director)	$0	$0	$0
Ross Whitfield (Director)	$0	$0	$0
Matt Nolley (Vp/Treasurer)	$0	$0	$0

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990

Filed on Oct. 2, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$1,382,408

Expenses

$722,363

Net Income

$660,045

Net Assets

$8,321,509

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,084,187	78.4%
Program Services	$262,290	19.0%
Investment Income	$33	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$23,759	1.7%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$12,139	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$98,142	13.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$149,682	20.7%

Assets/Debt
Total Assets	$10,030,690
Total Liabilities	$1,709,181
Net Assets	$8,321,509

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$3,006,757

Expenses

$921,038

Net Income

$2,085,719

Net Assets

$7,622,714

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,604,956	86.6%
Program Services	$375,863	12.5%
Investment Income	$91	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$18,170	0.6%
Sales of Assets	-$1,470
Net Inventory Sales	$0
Other Revenue	$9,147	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$79,685	8.7%
Professional Fundraising Fees	$80	0.0%
Other Salaries and Wages	$186,864	20.3%

Assets/Debt
Total Assets	$9,483,205
Total Liabilities	$1,860,491
Net Assets	$7,622,714

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$3,309,099

Expenses

$1,055,778

Net Income

$2,253,321

Net Assets

$5,536,995

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,934,597	88.7%
Program Services	$334,803	10.1%
Investment Income	$115	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$20,400	0.6%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$19,184	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$86,092	8.2%
Professional Fundraising Fees	$5,969	0.6%
Other Salaries and Wages	$168,764	16.0%

Assets/Debt
Total Assets	$7,495,462
Total Liabilities	$1,958,467
Net Assets	$5,536,995

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Types of Nonprofits

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Riley Area Development Corporation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $357k (2022)

Expenses $756k (2022)

Total Assets $8.1M (2022)

Total Liabilities $1.21M (2022)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Audit

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Audit

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

Extracted Financial Data

Extracted Financial Data from Form 990

Revenue

$357k (2022)

Expenses

$756k (2022)

Total Assets

$8.1M (2022)

Total Liabilities

$1.21M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001