Form 990 for tax year 2023

Filed by INDIANAPOLIS DOWNTOWN MARKETING INC.

Totals

Total revenue: $2,109,293
Total expenses: $2,570,935
Contributions and grants received: $1,142,284
Grants paid: $0
Program service revenue: $883,362
Investment income: $74,592
Other revenue: $9,055
Total assets, end of year: $2,817,052
Total liabilities, end of year: $3,334,642
Net assets or fund balances, end of year: -$517,590
Program services expenses (Part IX): not reported
Management and general expenses: not reported
Fundraising expenses: not reported
Program service expenses (Part III): $0

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

$1,142,284
2a · Program service revenue: Membership Dues

total $624,650 · related or exempt $624,650
2b · Program service revenue: Georgia Street Revenue

total $258,712 · related or exempt $258,712
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $46,725 · excluded $46,725
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $340,867
7b · Less cost or other basis and sales expenses

securities $313,000
7c · Gain or loss

securities $27,867 · other assets $0
7d · Net gain or loss

total $27,867 · excluded $27,867
11a · Other revenue: Other Revenue

total $9,055 · related or exempt $9,055
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$9,055

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $867,804
9 · Other employee benefits

total $105,939
10 · Payroll taxes

total $62,274
11c · Fees: accounting

total $41,539
11f · Fees: investment management

total $16,102
11g · Fees: other

total $301,209
12 · Advertising and promotion

total $151,427
13 · Office expenses

total $35,174
14 · Information technology

total $39,066
16 · Occupancy

total $145,792
17 · Travel

total $3,344
19 · Conferences, conventions and meetings

total $21,558
22 · Depreciation, depletion and amortization

total $22,514
23 · Insurance

total $36,128
24a · Other expenses: AWARDS AND RECOGNITION

total $315,310
24b · Other expenses: Management and General

total $262,669
24c · Other expenses: Miscellaneous

total $126,275
24d · Other expenses: FUNDRAISING

total $16,811
24e · All other expenses

total $0

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

end of year $141,760
4 · Accounts receivable

beginning of year $422,829 · end of year $350,504
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 $29,165 · end of year $31,965
10a · Land, buildings and equipment: cost or other basis

$688,479
10b · Land, buildings and equipment: accumulated depreciation

$671,052
10c · Land, buildings and equipment, net

beginning of year $705,111 · end of year $17,427
11 · Investments: publicly traded securities

beginning of year $1,565,184 · end of year $1,700,185
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $0 · end of year $575,211
17 · Accounts payable and accrued expenses

beginning of year $205,206 · end of year $399,056
19 · Deferred revenue

end of year $10,000
21 · Escrow or custodial account liability

beginning of year $192,367 · end of year $177,370
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $2,553,416 · end of year $2,748,216
27 · Net assets without donor restrictions

beginning of year -$228,700 · end of year -$517,590

Mission and programs · 2023

Mission

Indianapolis Downtown Marketing, Inc. (IDMI) exists to improve downtown Indianapolis. IDMI focuses on marketing downtown businesses, destinations, organizations, activities and events.

Downtown Marketing & Communications - Indianapolis Downtown Marketing, Inc. (IDMI) coordinates and disseminates information about downtown events, activities, organizations, safety, access and beautification to inform and attract Central Indiana residents, workers and visitors. IDMI produces and distributes several communications tools, including maps and electronic newsletters. IDMI also produces advertising and earned media in various publications and manages an organization website to showcase downtown.
Circle of Lights - Indianapolis Downtown Marketing, Inc. manages Circle of Lights, downtown Indianapolis' holiday decor and cross-marketing activities. Seasonal events, traditions and activities are highlighted by the annual lighting ceremony, traditionally held the day after thanksgiving. Promotional and marketing efforts support holiday season activities.

As filed on the 2023 return.

Listed in Part VII

Brittany Smith

Chair

Total calculated

$0

Hours/week

1
Malina Jeffers-Bacon

Vice Chair

Total calculated

$0

Hours/week

1
Alec Gray

Director (Beginning 4/23)

Total calculated

$0

Hours/week

1
Amy Lamb

Director

Total calculated

$0

Hours/week

1
Amy Lamb

Director

Total calculated

$0

Hours/week

1
Amy Vaughan

Director

Total calculated

$0

Hours/week

1
Anna Bowman

Director (Beginning 4/23)

Total calculated

$0

Hours/week

1
Anna Whelchel

Director

Total calculated

$0

Hours/week

1
Anne Dunlavy

Director (Through 4/23)

Total calculated

$0

Hours/week

1
Autumn Monaghan

Director (Through 4/23)

Total calculated

$0

Hours/week

1
Ben Snyder

Director

Total calculated

$0

Hours/week

1
Bert Beiswanger

Director

Total calculated

$0

Hours/week

1
Bill Brooks

Director

Total calculated

$0

Hours/week

1
Bill Stinson

Director

Total calculated

$0

Hours/week

1
Brent Frymier

Director

Total calculated

$0

Hours/week

1
Bryn Jones

Director

Total calculated

$0

Hours/week

1
Carissa Newton

Director

Total calculated

$0

Hours/week

1
Carrie Abbott

Director

Total calculated

$0

Hours/week

1
Chris Gahl

Director

Total calculated

$0

Hours/week

1
Christine Warren

Director

Total calculated

$0

Hours/week

1
Courtney Arango

Director (Through 4/23)

Total calculated

$0

Hours/week

1
Courtney Essett

Director

Total calculated

$0

Hours/week

1
Craig Mince

Director

Total calculated

$0

Hours/week

1
Danielle Dove

Director

Total calculated

$0

Hours/week

1
Deana R Haworth

Director

Total calculated

$0

Hours/week

1
Derek Crawford

Director (Through 4/23)

Total calculated

$0

Hours/week

1
Elizabeth Belange

Director

Total calculated

$0

Hours/week

1
Greg Bires

Director

Total calculated

$0

Hours/week

1
Greg Kiley

Director

Total calculated

$0

Hours/week

1
Iris Dillon

Director (Beginning 4/23)

Total calculated

$0

Hours/week

1
Jacqueline Eckhardt

Director

Total calculated

$0

Hours/week

1
Jake Oakman

Director (Through 4/23)

Total calculated

$0

Hours/week

1
Jen Pittman

Director (Through 4/23)

Total calculated

$0

Hours/week

1
Jennifer Boehm

Director

Total calculated

$0

Hours/week

1
Jenny Cash

Director

Total calculated

$0

Hours/week

1
Jerry Wade

Director (Through 4/23)

Total calculated

$0

Hours/week

1
Jessica Chapman

Director

Total calculated

$0

Hours/week

1
Jessica Cushing

Director

Total calculated

$0

Hours/week

1
Jessica Foster

Director

Total calculated

$0

Hours/week

1
Joe Pellman

Director

Total calculated

$0

Hours/week

1
John McDonald

Director

Total calculated

$0

Hours/week

1
Josh Mason

Director (Through 4/23)

Total calculated

$0

Hours/week

1
Josh Schuck

Director

Total calculated

$0

Hours/week

1
Judy Palermo

Director (Through 4/23)

Total calculated

$0

Hours/week

1
Julie Schaefer

Director

Total calculated

$0

Hours/week

1
Kara Kovert Pray

Director

Total calculated

$0

Hours/week

1
Karl Traeger

Director (Beginning 4/23)

Total calculated

$0

Hours/week

1
Katelyn Sussli

Director

Total calculated

$0

Hours/week

1
Katrina Canfield

Director

Total calculated

$0

Hours/week

1
Kelly Dodds

Director (Through 4/23)

Total calculated

$0

Hours/week

1
Kelly Young

Director (Beginning 4/23)

Total calculated

$0

Hours/week

1
Kim Howell

Director (Through 4/23)

Total calculated

$0

Hours/week

1
Kim Stoebick

Director (Beginning 4/23)

Total calculated

$0

Hours/week

1
Kortni Gurganus-Wright

Director (Beginning 4/23)

Total calculated

$0

Hours/week

1
Lesley Gordon

Director

Total calculated

$0

Hours/week

1
Lisa Townsend

Director

Total calculated

$0

Hours/week

1
Liz Madison

Director (Beginning 4/23)

Total calculated

$0

Hours/week

1
Lorraine Vavul

Director

Total calculated

$0

Hours/week

1
Madeline Moyer

Director (Through 4/23)

Total calculated

$0

Hours/week

1
Mark Bode

Director

Total calculated

$0

Hours/week

1
Megan Mattingly

Director (Beginning 4/23)

Total calculated

$0

Hours/week

1
Megan Winter

Director

Total calculated

$0

Hours/week

1
Melissa Winter

Director (Beginning 4/23)

Total calculated

$0

Hours/week

1
Meredith Easley

Director

Total calculated

$0

Hours/week

1
Mike Henn

Director

Total calculated

$0

Hours/week

1
Mindi Woolman

Director

Total calculated

$0

Hours/week

1
Monique Wise

Director

Total calculated

$0

Hours/week

1
Nicole Duncan

Director

Total calculated

$0

Hours/week

1
Polina Osherov

Director

Total calculated

$0

Hours/week

1
Raven Reckley

Director (Beginning 4/23)

Total calculated

$0

Hours/week

1
Sara Galer

Director

Total calculated

$0

Hours/week

1
Sarah Myer

Director

Total calculated

$0

Hours/week

1
Sharon Smith

Director

Total calculated

$0

Hours/week

1
Stephanie Pemberton

Director

Total calculated

$0

Hours/week

1
Tamara Cypress

Director

Total calculated

$0

Hours/week

1
Zachary Lockett

Director

Total calculated

$0

Hours/week

1
Bob Schultz

Sr. Vice President (Through 9/23)

Total calculated

$99,054

From this org

$94,554

From related orgs

$0

Other

$4,500

Hours/week

1
Taylor Schaffer

President and CEO

Total calculated

$223,000

From this org

$220,750

From related orgs

$0

Other

$2,250

Hours/week

1

Schedule J breakdown matched by us

Base

$220,750

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$2,250

Filer's total

$223,000

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

3 · Compensation committee
3 · Independent compensation consultant
3 · Form 990 of other organizations
3 · Compensation survey or study
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement

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 Inc

501(c)(3) · Downtown Management · IN

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2023
Filed: 15 November 2024
IRS schema version: 2023v5.1
Source object: 202403209349316710

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