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Nonprofiteer
← INDIANAPOLIS CULTURAL TRAIL INC

Form 990 for tax year 2023

Filed by INDIANAPOLIS CULTURAL TRAIL INC.

Totals

Total revenue
$4,172,900
Total expenses
$1,670,959
Contributions and grants received
$2,782,748
Grants paid
$0
Program service revenue
$459,293
Investment income
$916,994
Other revenue
$13,865
Total assets, end of year
$31,211,594
Total liabilities, end of year
$373,515
Net assets or fund balances, end of year
$30,838,079
Program services expenses (Part IX)
$1,418,182
Management and general expenses
$145,204
Fundraising expenses
$107,573
Program service expenses (Part III)
$1,418,182

Program services were 84.9% 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

    $29,600

  • 1f · All other contributions, gifts and grants

    $2,753,148

  • 2a · Program service revenue: COMMUNITY CONSULTING

    total $303,025 · related or exempt $303,025

  • 2b · Program service revenue: BIKESHARE MEMBER/USAGE

    total $121,738 · related or exempt $121,738

  • 2c · Program service revenue: SPECIAL EVENTS

    total $26,250 · related or exempt $26,250

  • 2d · Program service revenue: TRAIL TOURS

    total $6,255 · related or exempt $6,255

  • 2e · Program service revenue: GROUP RIDES

    total $2,025 · related or exempt $2,025

  • 3 · Investment income

    total $924,169 · excluded $924,169

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

    other assets $7,175

  • 7c · Gain or loss

    other assets -$7,175

  • 7d · Net gain or loss

    total -$7,175 · excluded -$7,175

  • 8a · Fundraising events: gross income

    $25,057

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

    $29,600

  • 8b · Fundraising events: direct expenses

    $19,452

  • 8c · Net income from fundraising events

    total $5,605 · excluded $5,605

  • 11a · Other revenue: MISC. REVENUE

    total $8,260 · related or exempt $8,260

  • 11e · Other revenue, total

    $8,260

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $223,641 · program services $97,140 · management and general $74,285 · fundraising $52,216

  • 7 · Other salaries and wages

    total $534,034 · program services $502,907 · management and general $1,895 · fundraising $29,232

  • 8 · Pension plan contributions

    total $8,604 · program services $8,013 · management and general -$167 · fundraising $758

  • 9 · Other employee benefits

    total $14,703 · program services $19,605 · management and general -$5,310 · fundraising $408

  • 10 · Payroll taxes

    total $55,483 · program services $43,915 · management and general $5,660 · fundraising $5,908

  • 11b · Fees: legal

    total $1,732 · program services $1,732

  • 11c · Fees: accounting

    total $28,280 · program services $250 · management and general $28,030

  • 11g · Fees: other

    total $55,920 · program services $47,795 · management and general $2,700 · fundraising $5,425

  • 12 · Advertising and promotion

    total $23,931 · program services $12,214 · management and general $2,229 · fundraising $9,488

  • 13 · Office expenses

    total $12,202 · program services $12,927 · management and general -$1,343 · fundraising $618

  • 14 · Information technology

    total $104,208 · program services $95,289 · management and general $5,402 · fundraising $3,517

  • 16 · Occupancy

    total $43,846 · program services $39,023 · management and general $4,823

  • 17 · Travel

    total $2,553 · program services $2,413 · management and general $137 · fundraising $3

  • 19 · Conferences, conventions and meetings

    total $292 · program services $292

  • 22 · Depreciation, depletion and amortization

    total $277,167 · program services $262,427 · management and general $14,740

  • 23 · Insurance

    total $33,760 · program services $21,871 · management and general $11,889

  • 24a · Other expenses: PROGRAM SERVICE EXPENSE

    total $149,276 · program services $149,082 · management and general $194

  • 24b · Other expenses: TRAIL O&M CONTRACT SERV

    total $83,065 · program services $83,065

  • 24c · Other expenses: MERCHANT FEES

    total $18,262 · program services $18,222 · management and general $40

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $197,404 · end of year $230,463

  • 2 · Savings and temporary cash investments

    beginning of year $19,445,580 · end of year $19,569,750

  • 3 · Pledges and grants receivable

    beginning of year $293,300 · end of year $1,856,878

  • 4 · Accounts receivable

    beginning of year $23,429 · end of year $81,536

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,391 · end of year $4,673

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

    $11,018,150

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

    $2,842,608

  • 10c · Land, buildings and equipment, net

    beginning of year $12,610,420 · end of year $8,175,542

  • 15 · Other assets

    beginning of year $245,262 · end of year $1,292,752

  • 17 · Accounts payable and accrued expenses

    beginning of year $114,701 · end of year $154,601

  • 19 · Deferred revenue

    beginning of year $4,749 · end of year $4,226

  • 25 · Other liabilities

    beginning of year $245,262 · end of year $214,688

  • 27 · Net assets without donor restrictions

    beginning of year $15,058,757 · end of year $11,434,693

  • 28 · Net assets with donor restrictions

    beginning of year $17,409,317 · end of year $19,403,386

Mission and programs · 2023

Mission

TO ENRICH LIVES AND CONNECT PEOPLE AND PLACES THROUGH DYNAMIC AND BEAUTIFUL EXPERIENCES AND USE THE INDIANAPOLIS CULTURAL TRAIL AND PACERS BIKESHARE PROGRAM AS A CATALYST FOR ECONOMIC GROWTH.

  • INDIANAPOLIS CULTURAL TRAIL INC. CREATES, INSPIRES, AND SUSTAINS CONNECTIONS AND CULTURAL EXPERIENCES THAT ARE ACCESSIBLE FOR ALL. THE INDIANAPOLIS CULTURAL TRAIL IS BOTH A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION AND A WORLD-CLASS, INTERNATIONALLY RECOGNIZED LINEAR PARK: THE INDIANAPOLIS CULTURAL TRAIL: A LEGACY OF GENE AND MARILYN GLICK. THE CULTURAL TRAIL INCLUDES BEAUTIFUL GARDENS, ALMOST 1,000 TREES AND A DYNAMIC PUBLIC ART COLLECTION IN ADDITION TO PROVIDING CULTURAL AND WELLNESS PROGRAMMING FOR THE COMMUNITY.

    Expenses $862,187 · Revenue $336,809

  • THE INDIANA PACERS BIKESHARE PROGRAM HAS 50 STATIONS LOCATED ON OR NEAR THE INDIANAPOLIS CULTURAL TRAIL: A LEGACY OF GENE & MARILYN GLICK. THIS ALLOWS INDIANAPOLIS CULTURAL TRAIL, INC. TO PROVIDE PUBLICLY ACCESSIBLE BIKES FOR PEOPLE TO USE TO EXPERIENCE THE INDIANAPOLIS CULTURAL TRAIL.

    Expenses $555,995 · Revenue $130,744

As filed on the 2023 return.

Listed in Part VII

  • Patrick Murphy

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Karen Spataro

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • John Andrews

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Camille Blunt

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jim Bisesi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Mark Zwoyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dan Parker

    BOARD MEMBER/CITY

    Total calculated
    $0
    Hours/week
    1

  • Ben Grande

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Kate Leiser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Danielle Patterson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Von Lovan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Portia Baily Bernard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Josh Christie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Tedd Grain

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charan Mann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matt Waweru

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Haley

    EXECUTIVE DIRECTOR

    Total calculated
    $144,826
    From this org
    $137,350
    From related orgs
    $0
    Other
    $7,476
    Hours/week
    50

  • Rebecca Rizzo

    CFO

    Total calculated
    $78,814
    From this org
    $75,825
    From related orgs
    $0
    Other
    $2,989
    Hours/week
    17.3

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
7 October 2024
IRS schema version
2023v5.1
Source object
202402959349301650

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