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Nonprofiteer
← INTERNATIONAL CENTER INC

Form 990 for tax year 2023

Filed by INTERNATIONAL CENTER INC.

Totals

Total revenue
$1,600,028
Total expenses
$1,682,989
Contributions and grants received
$853,965
Grants paid
$136,675
Program service revenue
$635,147
Investment income
$205,688
Other revenue
-$94,772
Total assets, end of year
$9,809,256
Total liabilities, end of year
$588,252
Net assets or fund balances, end of year
$9,221,004
Program services expenses (Part IX)
$991,014
Management and general expenses
$468,722
Fundraising expenses
$223,253
Program service expenses (Part III)
$991,014

Program services were 58.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $55,171

  • 1f · All other contributions, gifts and grants

    $798,794

  • 1g · Noncash contributions included above

    $13,840

  • 2a · Program service revenue: FEES FOR SERVICES

    total $635,147 · related or exempt $635,147

  • 3 · Investment income

    total $228,009 · excluded $228,009

  • 7a · Gross sales of assets other than inventory

    securities $1,739,918

  • 7b · Less cost or other basis and sales expenses

    securities $1,762,239

  • 7c · Gain or loss

    securities -$22,321

  • 7d · Net gain or loss

    total -$22,321 · excluded -$22,321

  • 8a · Fundraising events: gross income

    $134,040

  • 8a · Fundraising events: contributions included on line 1c

    $55,171

  • 8b · Fundraising events: direct expenses

    $228,812

  • 8c · Net income from fundraising events

    total -$94,772 · excluded -$94,772

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $136,675 · program services $136,675

  • 5 · Compensation of officers, directors and key employees

    total $243,347 · program services $131,496 · management and general $61,058 · fundraising $50,793

  • 7 · Other salaries and wages

    total $631,408 · program services $382,067 · management and general $176,947 · fundraising $72,394

  • 9 · Other employee benefits

    total $24,927 · program services $13,852 · management and general $7,815 · fundraising $3,260

  • 10 · Payroll taxes

    total $73,714 · program services $43,133 · management and general $20,161 · fundraising $10,420

  • 11c · Fees: accounting

    total $50,492 · management and general $50,492

  • 11f · Fees: investment management

    total $33,940 · management and general $33,940

  • 11g · Fees: other

    total $149,888 · program services $74,387 · management and general $20,451 · fundraising $55,050

  • 12 · Advertising and promotion

    total $40,716 · program services $27,636 · management and general $13,080

  • 13 · Office expenses

    total $49,404 · program services $26,071 · management and general $19,122 · fundraising $4,211

  • 14 · Information technology

    total $21,392 · program services $12,245 · management and general $4,987 · fundraising $4,160

  • 16 · Occupancy

    total $114,840 · program services $66,909 · management and general $32,825 · fundraising $15,106

  • 17 · Travel

    total $43,735 · program services $41,357 · management and general $2,038 · fundraising $340

  • 19 · Conferences, conventions and meetings

    total $17,238 · program services $7,519 · management and general $5,624 · fundraising $4,095

  • 22 · Depreciation, depletion and amortization

    total $10,326 · program services $5,953 · management and general $2,897 · fundraising $1,476

  • 23 · Insurance

    total $5,685 · management and general $5,685

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $31,978 · program services $19,850 · management and general $10,649 · fundraising $1,479

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $3,284 · program services $1,864 · management and general $951 · fundraising $469

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $655,493 · end of year $426,036

  • 2 · Savings and temporary cash investments

    beginning of year $710,230 · end of year $596,179

  • 4 · Accounts receivable

    beginning of year $29,010 · end of year $52,071

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,255 · end of year $18,627

  • 10a · Land, buildings and equipment: cost or other basis

    $122,374

  • 10b · Land, buildings and equipment: accumulated depreciation

    $71,682

  • 10c · Land, buildings and equipment, net

    beginning of year $52,623 · end of year $50,692

  • 11 · Investments: publicly traded securities

    beginning of year $7,074,002 · end of year $8,232,261

  • 15 · Other assets

    beginning of year $533,226 · end of year $433,390

  • 17 · Accounts payable and accrued expenses

    beginning of year $131,306 · end of year $121,829

  • 19 · Deferred revenue

    beginning of year $12,150 · end of year $3,500

  • 25 · Other liabilities

    beginning of year $563,893 · end of year $462,923

  • 27 · Net assets without donor restrictions

    beginning of year $1,804,697 · end of year $2,089,194

  • 28 · Net assets with donor restrictions

    beginning of year $6,555,793 · end of year $7,131,810

Mission and programs · 2023

Mission

THE INTERNATIONAL CENTER IS A CATALYST TO INFORM, CONVENE, AND CONNECT PUBLIC, PRIVATE, AND CIVIC GLOBAL OBJECTIVES IN INDIANA. FOR NEARLY HALF A CENTURY, THE INTERNATIONAL CENTER HAS SERVED AS A GUIDE TO THE WORLD'S CULTURAL LANDSCAPE AND A CATALYST FOR THE STATE'S INTERNATIONAL GROWTH. WORKING IN COLLABORATION WITH BUSINESSES, ORGANIZATIONS, GOVERNMENT AGENCIES, EDUCATIONAL INSTITUTIONS, AND INDIVIDUAL CITIZENS, THE CENTER EXPANDS INDIANA'S GLOBAL INTEREST THROUGH A VARIETY OF PROGRAMS AND SERVICES AND CONVENING DIVERSE INTERESTS WHO SHARE COMMON INTERNATIONAL GOALS. THE INTERNATIONAL CENTER IS A MEMBER OF GLOBAL TIES, U.S.

Activities or mission (Part I)

THE INTERNATIONAL CENTER IS A CATALYST TO INFORM, CONVENE AND CONNECT PUBLIC, PRIVATE AND CIVIC GLOBAL OBJECTIVES IN INDIANA.

  • CULTURAL TRAINING AND INFORMATION/REFERRAL ASSISTANCE FOR INDIVIDUALS, THEIR SPOUSES AND CHILDREN THAT ARE EITHER RELOCATING TO/FROM INDIANA FROM/TO OUTSIDE THE UNITED STATES AND COMMUNITY ORIENTATION FOR INDIVIDUALS, THEIR SPOUSES AND CHILDREN THAT ARE RELOCATING TO INDIANA FROM OUTSIDE THE UNITED STATES.

    Expenses $421,009 · Grants $136,675 · Revenue $569,587

  • VARIOUS PROJECTS, PROGRAMS AND EVENTS THAT PROVIDE CULTURAL UNDERSTANDING, APPRECIATION AND EDUCATIONAL NEEDS FOR INDIANA CITIZENS, INCLUDING STUDENTS AND TEACHERS, AND INDIVIDUALS THAT HAVE RELOCATED TO INDIANA FROM OUTSIDE THE UNITED STATES. GLOBAL TIES U.S.: AN INITIATIVE OF THE U.S. DEPARTMENT OF STATE, BUREAU OF EDUCATIONAL AND CULTURAL AFFAIRS THAT BRINGS EMERGING LEADERS FROM OVERSEAS TO INDIANA TO MEET WITH PROFESSIONAL COUNTERPARTS AND EXPERIENCE THE UNITED STATES FIRSTHAND. ORIENTATION PROGRAMS: TRAINING AND ASSISTANCE TO HELP RELOCATED INTERNATIONALS AND THEIR FAMILIES. PRE-DEPARTURE AND REPATRIATION PROGRAMS: ASSISTANCE TO HELP INDIVIDUALS DEPARTING/RETURNING FROM INTERNATIONAL ASSIGNMENTS. PROTOCOL OFFICE PROGRAMS: ADVISES ORGANIZATIONS ON PRACTICES TO ENABLE MEETINGS/EVENTS OF DIFFERENT NATIONS TO COME TOGETHER WITH PROPER MUTUAL RESPECT. SEMINAR PROGRAMS: FOCUS ON LEARNING ABOUT OPPORTUNITIES AND CHALLENGES OF GLOBALIZATION AND BUILDING ON CULTURAL DIVERSITY. LOCAL VOLUNTEERS PROGRAMS: VOLUNTEERS WHO INTRODUCE FOREIGN GUESTS TO HOOSIER HOSPITALITY. CROSS CULTURAL TRAINING PROGRAMS: ASSISTANCE TO THE REGION'S MULTICULTURAL POPULATION AND TO SUPPORT EMPLOYERS IN CREATING GREATER UNDERSTANDING OF CULTURAL DIVERSITY IN THE WORKPLACE. COLLABORATIONS AND PARTNERSHIP PROGRAMS: THE CENTER JOINS WITH OTHER NONPROFITS TO MAXIMIZE THE IMPACT OF ITS WORK.

    Expenses $570,005 · Revenue $65,560

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sarah Iglehart

    BOARD CHAIR THRU 11/23

    Total calculated
    $0
    Hours/week
    1

  • Angela Smith Jones

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Esther Earbin Sandlin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Meredith Carbrey

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Priscila Vansetti

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Shash Goyal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lori Greene

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicolas Chemali

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hilary Kahn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jill McKinney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniela Vidal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maggie Bishop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lee Feinstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Henderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Martin Baier

    CEO

    Total calculated
    $136,345
    From this org
    $134,634
    From related orgs
    $0
    Other
    $1,711
    Hours/week
    40

  • Garth Eberhart

    COO

    Total calculated
    $107,002
    From this org
    $105,653
    From related orgs
    $0
    Other
    $1,349
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • INDIANAPOLIS AIRPORT AUTHORITY

    $120,000

    BLUE SKY ART PROJECT AND FORTUNE ART PROJECT MAINTENANCE GRANT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202443179349302639

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