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Greater Lafayette Commerce Comm and Economic Development Foundation

Lafayette, IN · EIN 81-3745360 · 501(c)(3) · Supporting organization, Type I
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Greater Lafayette Commerce Comm and Economic Development Foundation reported $12.4 million in revenue and $12.1 million in expenses for calendar year 2024. Of every $100 it spent, $99.52 went to program services, $0.48 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 100.0% of the total. Government grants made up 99.8%. The highest compensation it reported for one person was $304,023 (PRESIDENT &). Revenue rose 19381% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $12M

Program services$99.52 $12M
Management & general$0.48 $58,322
Fundraising$0.00 $0

For context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $12M

Contributions & grants (non-government)$0.20 $25,000
Government grants$99.80 $12M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 479 covered charities in this category, from their latest filings.
Measure	2024	Median
Program services Part IX 25(B) ÷ 25(A)	99.5%	89.1%
Management & general Part IX 25(C) ÷ 25(A)	0.5%	9.2%
Fundraising Part IX 25(D) ÷ 25(A)	0.0%	0.2%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.00	$0.00
Contributions & grants share of revenue Part VIII 1h ÷ 12	100.0%	80.1%
Government grants share of revenue Part VIII 1e ÷ 12	99.8%	14.9%
Program service revenue share Part VIII 2g ÷ 12	0.0%	11.9%
Highest reported compensation Part VII-A, columns D–F	$304,023	$291,103
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	2.51%	1.49%
People paid over $100,000 Part VII, line 2	Not reported	5
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	0.4	9.2
Independent voting board members Part VI 1a–1b	4 of 4	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense

$12M expenses · 100.0% of program spending

See organization's mission

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
PRESIDENT & Director/trustee, officer, 40.00 hrs/week	$0	$253,783	$50,240	$304,023

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
2024 ⓘ	$12M	$12M	99.5%	$427K	$304,023
2023 ⓘ	$6.2M	$6.1M	98.9%	$170K	$247,465
2022 ⓘ	$2.0M	$4.3M	98.1%	$0	$258,643
2021 ⓘ	$513K	$267K	82.0%	$2.1M	$226,016
2020 ⓘ	$3,901	$144K	83.8%	$1.8M	$236,003
2019 ⓘ	$63,591	$155K	84.4%	$2.0M	$246,411

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b4 · 4 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aYes
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 50
Volunteers Part I, line 64

Correct a figure or respond

Every number above is copied from Greater Lafayette Commerce Comm and Economic Development Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Greater Lafayette Commerce Comm and Economic Development Foundation, you can publish a response that is linked from this page.

Report a correction Respond as Greater Lafayette Commerce Comm…How this works

Similar-sized charities in this cause

New Jersey Manufacturing Extension Program
Cedar Knolls, NJ · revenue $12M · programs 78.9% · 2025
Black Farmer Fund
New York, NY · revenue $12M · programs 78.3% · 2024
Amplify Gr
Grand Rapids, MI · revenue $12M · programs 68.1% · 2024
Colorado Enterprise Fund
Denver, CO · revenue $12M · programs 76.3% · FY2025
Cortex
St Louis, MO · revenue $12M · programs 88.0% · 2024

All community improvement & capacity building charities · Largest charities in Indiana

Questions people ask

How much of Greater Lafayette Commerce Comm and Economic Development Foundation's spending goes to programs?

In calendar year 2024, Greater Lafayette Commerce Comm and Economic Development Foundation reported that 99.5% of its $12.1 million in expenses went to program services, 0.5% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Greater Lafayette Commerce Comm and Economic Development Foundation pay its top executive?

The largest total compensation Greater Lafayette Commerce Comm and Economic Development Foundation reported for one person in calendar year 2024 was $304,023, for the role of PRESIDENT & (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Greater Lafayette Commerce Comm and Economic Development Foundation get its money?

Of $12.4 million in revenue in calendar year 2024, 100.0% came from contributions and grants (including 99.8% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).

Is Greater Lafayette Commerce Comm and Economic Development Foundation a registered charity?

The IRS lists EIN 81-3745360 as a 501(c)(3) organization (supporting organization, type i), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

2024: Form 990 for calendar year 2024, object 202513079349301236 · read the filing · XML
2023: Form 990 for calendar year 2023, object 202433139349303908 · read the filing
2022: Form 990 for calendar year 2022, object 202323189349311842 · read the filing
2021: Form 990 for calendar year 2021, object 202203009349302300 · read the filing
2020: Form 990 for calendar year 2020, object 202113029349300711 · read the filing
2019: Form 990 for calendar year 2019, object 202011919349302721 · read the filing

All filings for EIN 81-3745360: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.