Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $416,884

• 1c · Fundraising events

  $134,629

• 1e · Government grants (contributions)

  $7,244,422

• 1f · All other contributions, gifts and grants

  $9,559,520

• 1g · Noncash contributions included above

  $149,760

• 2a · Program service revenue: TICKET REVENUE

  total $2,637,984 · related or exempt $2,637,984

• 2b · Program service revenue: OTHER EVENT REVENUE

  total $856,968 · related or exempt $804,468 · unrelated business $52,500

• 2c · Program service revenue: MANAGEMENT FEES

  total $736,370 · related or exempt $736,370

• 3 · Investment income

  total $422,854 · excluded $422,854

• 7a · Gross sales of assets other than inventory

  securities $15,942,587

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

  securities $15,161,008

• 7c · Gain or loss

  securities $781,579

• 7d · Net gain or loss

  total $781,579 · excluded $781,579

• 8a · Fundraising events: gross income

  $78,150

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

  $134,629

• 8b · Fundraising events: direct expenses

  $89,105

• 8c · Net income from fundraising events

  total -$10,955 · excluded -$10,955

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $491,904 · program services $491,904

• 2 · Grants to domestic individuals

  total $20,000 · program services $20,000

• 5 · Compensation of officers, directors and key employees

  total $611,158 · program services $327,986 · management and general $173,307 · fundraising $109,865

• 7 · Other salaries and wages

  total $2,028,525 · program services $1,088,636 · management and general $575,232 · fundraising $364,657

• 8 · Pension plan contributions

  total $101,515 · program services $54,479 · management and general $28,787 · fundraising $18,249

• 9 · Other employee benefits

  total $222,769 · program services $119,552 · management and general $63,171 · fundraising $40,046

• 10 · Payroll taxes

  total $181,851 · program services $97,593 · management and general $51,568 · fundraising $32,690

• 11b · Fees: legal

  total $28,493 · management and general $28,493

• 11c · Fees: accounting

  total $29,967 · management and general $29,967

• 11f · Fees: investment management

  total $25,172 · management and general $25,172

• 11g · Fees: other

  total $589,605 · program services $282,207 · management and general $303,791 · fundraising $3,607

• 12 · Advertising and promotion

  total $435,881 · program services $348,705 · management and general $87,176

• 13 · Office expenses

  total $47,368 · program services $20,078 · management and general $21,535 · fundraising $5,755

• 14 · Information technology

  total $125,504 · program services $2,995 · management and general $122,509

• 16 · Occupancy

  total $263,139 · program services $141,217 · management and general $74,619 · fundraising $47,303

• 17 · Travel

  total $70,801 · program services $46,584 · management and general $24,217

• 22 · Depreciation, depletion and amortization

  total $84,338 · program services $45,261 · management and general $23,916 · fundraising $15,161

• 23 · Insurance

  total $101,359 · program services $50,830 · management and general $50,529

• 24a · Other expenses: EVENT/PROGRAM PRODUCTIO

  total $3,374,632 · program services $3,374,632

• 24b · Other expenses: EQUIPMENT RENTAL - EVEN

  total $230,595 · program services $230,595

• 24c · Other expenses: HOSPITALITY

  total $169,374 · program services $75,733 · management and general $93,641

• 24d · Other expenses: MEMBERSHIP EXPENSE

  total $91,445 · fundraising $91,445

• 24e · All other expenses

  total $164,203 · program services $81,743 · management and general $82,004 · fundraising $456

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $5,299,434 · end of year $7,980,296

• 3 · Pledges and grants receivable

  beginning of year $75,000 · end of year $75,000

• 4 · Accounts receivable

  beginning of year $2,097,894 · end of year $2,259,162

• 9 · Prepaid expenses and deferred charges

  beginning of year $63,264 · end of year $3,108,424

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

  $878,642

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

  $541,366

• 10c · Land, buildings and equipment, net

  beginning of year $375,478 · end of year $337,276

• 11 · Investments: publicly traded securities

  beginning of year $8,354,386 · end of year $21,408,659

• 12 · Investments: other securities

  beginning of year $296,398 · end of year $311,381

• 13 · Investments: program-related

  beginning of year $358,712 · end of year $380,579

• 15 · Other assets

  beginning of year $1,259,763 · end of year $1,103,300

• 17 · Accounts payable and accrued expenses

  beginning of year $4,525,744 · end of year $6,797,913

• 19 · Deferred revenue

  beginning of year $894,625 · end of year $4,142,480

• 25 · Other liabilities

  beginning of year $1,383,404 · end of year $1,223,007

• 27 · Net assets without donor restrictions

  beginning of year $9,679,258 · end of year $10,352,113

• 28 · Net assets with donor restrictions

  beginning of year $1,697,298 · end of year $14,448,564

The filer's explanations (Part III)

PART I, LINE 4B

DEFERRED COMPENSATION PLAN FOR PATRICK TALTY

PART I, LINE 5

CERTAIN OFFICERS AND HIGHEST COMPENSATED INDIVIDUALS RECEIVED BONUSES DETERMINED IN PART BY REVENUE.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• SPORTS MARKETING OF INDIANA

  C · MARKETING SPORTS · IN · 100% owned · share of income $47 · share of assets $4,480