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EIN 47-4832157

Regional Opportunity Initiatives

IRS 501(c) type
501(c)(3)
Num. employees
8
City
Bloomington
State
Indiana
Year formed
2015
Most recent tax filings
2023-06-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Regional Opportunity Initiatives supports regional development opportunities in the 11 counties of southwest central Indiana. The organization has implemented an education and workforce plan, as well as a Regional Opportunity Fund for quality-of-place investments, through an initial grant from Lilly Endowment Inc. They have focused on connecting education to industry and are located in Bloomington, IN.
Related structure
Regional Opportunity Initiatives is a subordinate organization under Community Foundation of Bloomington and Monroe County (CFBMC).
Total revenues
$1,135,730
2023
Total expenses
$8,027,902
2023
Total assets
$7,266,785
2023
Num. employees
8
2023

Program areas at Regional Opportunity Initiatives

Through an initial grant through lilly endowment Inc., the organization is implementing an education and workforce plan and Regional Opportunity fund for quality-of-place investments. They are deploying a plan focused on connecting education to industry and creating a local workforce that is prepared for the demands of employers. As part of this effort, roi is conducting a comprehensive and ongoing occupational needs assessment within the region, initially focused on life sciences, advanced manufacturing and national security and defense sectors. The results of the occupational needs assessment helps inform a wide range of Initiatives and strategies that are deployed across the 11 county region.

Grants made by Regional Opportunity Initiatives

GranteeGrant descriptionAmount
Marthas HouseTo Further the Exempt Purpose of the Organization$356,955
Community Foundation of Bloomington and Monroe County (CFBMC)To Further the Exempt Purpose of the Organization$337,000
Indiana UniversityTo Further the Exempt Purpose of the Organization$205,000
...and 11 more grants made

Who funds Regional Opportunity Initiatives

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Lilly EndowmentGeneral Operating Support$2,330,000
Community Foundation of Morgan CountyImpact Grant$41,400
Jobs for the Future (JFF)Oa Youth Apprenticeship Intermediaries Project$14,905

Personnel at Regional Opportunity Initiatives

NameTitleCompensation
Tina PetersonChief Executive Officer$0
Doug KellamsChair and Treasurer$0
Matt WeinzapfelVice Chair$0
Thomas MorrisonTreasurer$0
Becky SkillmanSecretary$0

Financials for Regional Opportunity Initiatives

RevenuesFYE 06/2023
Total grants, contributions, etc.$940,041
Program services$0
Investment income and dividends$193,104
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$2,585
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,135,730

Form 990s for Regional Opportunity Initiatives

Fiscal year endingDate received by IRSFormPDF link
2023-062024-03-21990View PDF
2022-062023-04-17990View PDF
2021-062022-04-15990View PDF
2020-062021-04-14990View PDF
2019-062021-01-12990View PDF
...and 3 more Form 990s
Data update history
July 8, 2024
Received grants
Identified 1 new grant, including a grant for $2,330,000 from Lilly Endowment
June 1, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 3 new personnel
October 26, 2023
Received grants
Identified 1 new grant, including a grant for $27,600 from Community Foundation of Morgan County
June 18, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizationsChapter / child organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Provides grantsState / local levelReceives government fundingEndowed supportTax deductible donationsAccepts online donations
General information
Address
100 S College Ave 240
Bloomington, IN 47404
Metro area
Bloomington, IN
County
Monroe County, IN
Website URL
regionalopportunityinc.org/ 
Phone
(812) 287-8116
IRS details
EIN
47-4832157
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Subordinate organization
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