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Nonprofiteer
← INDIANAPOLIS DOWNTOWN INC

Form 990 for tax year 2023

Filed by INDIANAPOLIS DOWNTOWN INC.

Totals

Total revenue
$10,958,530
Total expenses
$3,339,308
Contributions and grants received
$10,682,571
Grants paid
$0
Program service revenue
$0
Investment income
$271,498
Other revenue
$4,461
Total assets, end of year
$16,683,440
Total liabilities, end of year
$538,626
Net assets or fund balances, end of year
$16,144,814
Program services expenses (Part IX)
$3,339,308
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,339,308

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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

  • Amy Waggoner

    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

  • Andrew Insley

    Director (Beginning 4/23)

    Total calculated
    $0
    Hours/week
    1

  • Brian Burdick

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brittany Smith

    Director (Beginning 4/23)

    Total calculated
    $0
    Hours/week
    1

  • C Perry Griffith Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chuck Collins

    Director (Beginning 4/23)

    Total calculated
    $0
    Hours/week
    1

  • Courtney Arango

    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

  • Dennis Sponsel

    Director

    Total calculated
    $0
    Hours/week
    1

  • Diogo Rau

    Director (Beginning 4/23)

    Total calculated
    $0
    Hours/week
    1

  • Donald Bough

    Director (Beginning 4/23)

    Total calculated
    $0
    Hours/week
    1

  • Dr Rebecca Holwerda

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eric Gershman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gregg Hiland

    Director

    Total calculated
    $0
    Hours/week
    1

  • J Albert Smith Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jake Oakman

    Director (Beginning 4/23)

    Total calculated
    $0
    Hours/week
    1

  • Janelle L Smagala

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeff Wheeler

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Dora Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Judith B Thomas

    Director

    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

  • Matt Gabet

    Director (Beginning 4/23)

    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

  • Rebecca Wells

    Director (Beginning 4/23)

    Total calculated
    $0
    Hours/week
    1

  • Robert Reynolds

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sebastian Smelko

    Director

    Total calculated
    $0
    Hours/week
    1

  • Shawn Mulholland

    Director (Beginning 4/23)

    Total calculated
    $0
    Hours/week
    1

  • Suzana Kovatch

    Director(Beginning 4/23)

    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 (Through 9/23)

    Total calculated
    $103,054
    From this org
    $0
    From related orgs
    $98,554
    Other
    $4,500
    Hours/week
    39 + 1 related

  • Taylor Schaffer

    President and CEO

    Total calculated
    $223,000
    From this org
    $0
    From related orgs
    $220,750
    Other
    $2,250
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,750 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,250 related
    Filer's total
    $0 + $223,000 related

  • Timothy Boruff

    Vice President Finance & Operations

    Total calculated
    $148,475
    From this org
    $0
    From related orgs
    $147,475
    Other
    $1,000
    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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349316764

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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