Totals
- Total revenue
- $743,854
- Total expenses
- $1,405,049
- Contributions and grants received
- $669,511
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $71,343
- Other revenue
- $3,000
- Total assets, end of year
- $8,352,267
- Total liabilities, end of year
- $238,167
- Net assets or fund balances, end of year
- $8,114,100
- Program services expenses (Part IX)
- $1,373,640
- Management and general expenses
- $30,247
- Fundraising expenses
- $1,162
- Program service expenses (Part III)
- $1,373,640
Program services were 97.8% 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.
-
1f · All other contributions, gifts and grants
$669,511
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $148,053 · excluded $148,053
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $2,548,415
-
7b · Less cost or other basis and sales expenses
securities $2,625,125
-
7c · Gain or loss
securities -$76,710 · other assets $0
-
7d · Net gain or loss
total -$76,710 · excluded -$76,710
-
11a · Other revenue: Miscellaneous
total $3,000 · related or exempt $3,000
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$3,000
Functional expenses
Part IX, the statement of functional expenses.
-
11f · Fees: investment management
total $32,582 · program services $32,582
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: DOWNTOWN MANAGEMENT SERVICES
total $677,976 · program services $677,976
-
24b · Other expenses: Downtown Special Projects
total $663,082 · program services $663,082
-
24c · Other expenses: OTHER VARIOUS EXPENSE
total $30,247 · management and general $30,247
-
24d · Other expenses: Fundraising
total $1,162 · fundraising $1,162
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,512,500 · end of year $1,099,922
-
4 · Accounts receivable
beginning of year $41,340 · end of year $143,302
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $5,049 · end of year $10,775
-
10a · Land, buildings and equipment: cost or other basis
$1,494,994
-
10b · Land, buildings and equipment: accumulated depreciation
$427,847
-
10c · Land, buildings and equipment, net
beginning of year $1,271,223 · end of year $1,067,147
-
11 · Investments: publicly traded securities
beginning of year $5,391,309 · end of year $4,245,405
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $1,723,216 · end of year $1,785,716
-
17 · Accounts payable and accrued expenses
beginning of year $171,652 · end of year $113,947
-
21 · Escrow or custodial account liability
beginning of year $123,720 · end of year $124,220
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $1,400,590 · end of year $856,540
-
28 · Net assets with donor restrictions
beginning of year $8,248,675 · end of year $7,257,560
Mission and programs · 2022
Mission
Indianapolis Downtown, Inc. (IDI) exists to improve downtown Indianapolis. It is action-oriented and addresses critical issues that affect downtown growth and well-being. IDI was established to continue the economic, social, and cultural development in downtown Indianapolis by educational, scientific, and charitable means. IDI serves the general public in the City of Indianapolis, Indiana.
Activities or mission (Part I)
Indianapolis Downtown, Inc. exists to improve downtown Indianapolis. IDI was established to continue the economic, social, and cultural development in downtown Indianapolis by educational, scientific, and charitable means.
-
Indianapolis Downtown, Inc. performs various programs and services that benefit the general public and help manage downtown. These programs include: (1) Safety & Security; (2) Traffic & Transportation and Public Rights-of-Way; and (3) Beautification & Cleanliness. Specific IDI programs include: bike and walking police patrol officers independently contracted to help keep downtown safe, increase police presence and supplement efforts of Indianapolis Metropolitan Police Department (IDI's security partnership convenes public and private security partners to coordinate public safety efforts); planting and maintaining 200 planters and 2 gardens, including Washington St., I-70 Gateway, Jackson Place and Rotary Greenway; maintaining & installing holiday decor on Monument Circle; direction downtown wayfinding signage; and pest bird mitigation.
Expenses $1,373,640 · Revenue $3,000
As filed on the 2022 return.
Listed in Part VII
-
Bill Browne
Chair of the Board
- Total calculated
- $0
- Hours/week
- 1
-
Karen Burns
Treasurer of the Board
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Krista Skidmore
Secretary of the board
- Total calculated
- $0
- Hours/week
- 1
-
Vop Osili
Vice Chair of the Board
- Total calculated
- $0
- Hours/week
- 1
-
Adairius Gardner
Director
- Total calculated
- $0
- Hours/week
- 1
-
Amy Conrad Warner
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andrew Buroker
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andrew Insley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brian Burdick
Director
- Total calculated
- $0
- Hours/week
- 1
-
C Perry Griffith Jr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Charles Bantz
Director
- Total calculated
- $0
- Hours/week
- 1
-
Craig Huse
Director
- Total calculated
- $0
- Hours/week
- 1
-
Daryl Graham
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Lies
Director (until 12/31/22)
- Total calculated
- $0
- Hours/week
- 1
-
Dennis Sponsel
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Rebecca Holwerda
Director (as of 04/28/22)
- Total calculated
- $0
- Hours/week
- 1
-
Eric Gershman
Director (04/28/22)
- Total calculated
- $0
- Hours/week
- 1
-
Gregg Hiland
Director (04/28/22)
- Total calculated
- $0
- Hours/week
- 1
-
J Albert Smith Jr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Janelle L Smagala
Director (as of 04/28/22)
- Total calculated
- $0
- Hours/week
- 1
-
Jason Leet
Director (until 7/31/22)
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Wheeler
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jerry Semler
Director (until 7/1/22)
- Total calculated
- $0
- Hours/week
- 1
-
Jim Dora Jr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joe Whitsett
Director (until 4/28/22)
- Total calculated
- $0
- Hours/week
- 1
-
Judith B Thomas
Director (as of 04/28/22)
- Total calculated
- $0
- Hours/week
- 1
-
Kalen Irsay Jackson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Korlon Kilpatrick
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kristian Andersen
Director
- Total calculated
- $0
- Hours/week
- 1
-
Leonard Hoops
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Harris
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michael Wells
Director
- Total calculated
- $0
- Hours/week
- 1
-
Nadine Givens
Director
- Total calculated
- $0
- Hours/week
- 1
-
Nathan Brames
Director
- Total calculated
- $0
- Hours/week
- 1
-
Robert Reynolds
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rodney Byrnes
Director (as of 04/28/22)
- Total calculated
- $0
- Hours/week
- 1
-
Sebastian Smelko
Director (as of 04/28/22)
- Total calculated
- $0
- Hours/week
- 1
-
Tanya Sovinski
Director
- Total calculated
- $0
- Hours/week
- 1
-
Todd Taylor
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bob Schultz
Vice President
- Total calculated
- $182,237
- From this org
- $0
- From related orgs
- $173,057
- Other
- $9,180
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $0 + $173,057 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $6,000 related
- Nontaxable benefits
- $0 + $3,180 related
- Filer's total
- $0 + $182,237 related
-
Sherry Seiwert
President (until 4/28/22)
- Total calculated
- $135,258
- From this org
- $0
- From related orgs
- $133,198
- Other
- $2,060
- Hours/week
- 39 + 1 related
-
Taylor Schaffer
President and CEO (as of 10/3/22)
- Total calculated
- $48,000
- From this org
- $0
- From related orgs
- $48,000
- Other
- $0
- Hours/week
- 39 + 1 related
-
Timothy Boruff
Vice President Finance & Operations
- Total calculated
- $131,475
- From this org
- $0
- From related orgs
- $131,295
- Other
- $180
- Hours/week
- 39 + 1 related
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
- Compensation for top management is determined by the Executive Committee of Indianapolis Downtown Marketing, Inc. (IDMI). IDMI uses a Compensation committee, Independent compensation consultant, Form 990 of other organizations, Compensation survey study, and Approval by the board or Compensation committee to establish the top management official's compensation.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
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.
-
Indianapolis Downtown Marketing Inc
501(c)(6) · Marketing · IN · controlled entity
Directly controlled by Indianapolis Downtown Inc
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349322564
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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