NEIGHBORHOOD SELF EMPLOYMENT INITIATIVE INC Charity Report

Public IRS 990 nonprofit record

NEIGHBORHOOD SELF EMPLOYMENT INITIATIVE INC

EIN 35-2028160 · Community & Neighborhood Development (S20)

What they do

BUSINESS OWNERSHIP INITIATIVE of INDIANAS MISSION is to PROVIDE SERVICES and SUPPORT to EMERGING and EXISTING BUSINESS OWNERS IN THE NINE-COUNTY, INDIANAPOLIS METROPOLITAN AREA. THE SERVICES INCLUDE MICRO LENDING, BUSINESS-TRAINING CLASSES and WORKSHOPS, ONE-TO-ONE BUSINESS COUNSELING, LIFE COACHING, MENTORING and ASSISTANCE WITH LOCATING and OBTAINING FINANCIAL RESOURCES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $80.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

136.77%of revenue went to mission work80.3% of expenses · Program services

$170.27spent for every $100 of revenueSpending was higher than revenue this year.

33.50%of revenue went to management and office costs19.7% of expenses

$3.92in assets for every $1 spent this yearSome assets cannot be spent right away.

68.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $684,129 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $148,535 for DAVID HERRON (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$973,610

Mission workProgram services$1,331,597136.77% of revenue80.3% of expenses

ManagementOffice and general costs$326,14233.50% of revenue19.7% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$1,657,739170.27% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 80.3% mission · 19.7% management · 0.0% fundraisingTotal expenses: 170.27% of revenue

2023Expense mix: 80.1% mission · 19.9% management · 0.0% fundraisingTotal expenses: 104.07% of revenue

2022Expense mix: 80.0% mission · 20.0% management · 0.0% fundraisingTotal expenses: 145.13% of revenue

2021Expense mix: 96.1% mission · 3.9% management · 0.0% fundraisingTotal expenses: 126.34% of revenue

2020Expense mix: 99.1% mission · 0.9% management · 0.0% fundraisingTotal expenses: 83.91% of revenue

2019Expense mix: 93.2% mission · 6.8% management · 0.0% fundraisingTotal expenses: 102.35% of revenue

2018Expense mix: 93.6% mission · 6.4% management · 0.0% fundraisingTotal expenses: 112.86% of revenue

2017Expense mix: 94.3% mission · 5.7% management · 0.0% fundraisingTotal expenses: 87.98% of revenue

Money in and money out

Revenue$973,610

Expenses$1,657,739

Annual shortfall $684,129 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,331,597 · 80.3% of expenses

Management and office costs$326,142 · 19.7% of expenses

See all reported dollar amounts

Revenue$973,610

Expenses$1,657,739

Assets$6,501,469

Income$973,610

Contributions$671,289

Mission work (program services)$1,331,597

Grants given$13,861,027

Average grant$3,465,257

Management and general$326,142

Executive compensation (total)$51,907

Stocks and bonds$578

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DAVID HERRONEXECUTIVE DIRECTOR · 40 hrs/week $148,535Base $128,937 · Other $19,598

E ZENAI SAVAGEBOARD MEMBER (AS OF JULY 2024) · 1 hrs/week $4,644Base · Other $4,644

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (15)

DAVID HERRONEXECUTIVE DIRECTOR

E ZENAI SAVAGEBOARD MEMBER (AS OF JULY 2024)

ALTAF HUSSAINBOARD MEMBER

ANDREA MCGORDONVICE CHAIR

BILL BOWERBOARD MEMBER

DREW LINNBOARD CHAIR

ERICA WILLIAMSBOARD MEMBER

MATHEW FOLEYBOARD MEMBER

NASHELLE FRAZIERBOARD MEMBER

PATTY PROSSERSECRETARY

PHIL POWELLBOARD MEMBER

RYAN OCONNORBOARD MEMBER

SCOTT RANSBURGBOARD MEMBER

STACIE PORTER BILGERBOARD MEMBER

WAYNE PATRICKBOARD MEMBER

About this charity

Recognized since: January 1998
Location: 111 MONUMENT CIR STE 1950, INDIANAPOLIS, IN 46204-5142
County: Marion
In care of: RICHARD PROCTOR
Primary officer: RICHARD PROCTOR, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailmwebb@indychamber.com Phone(317) 464-2258

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CROWE LLP
NTEE classification: Community & Neighborhood Development (S20)
IRS tax category: Community & Neighborhood Development
Grant-giving organization: Yes