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Nonprofiteer
← ARTS COUNCIL OF INDIANAPOLIS INC

Form 990 for tax year 2022

Filed by ARTS COUNCIL OF INDIANAPOLIS INC.

Totals

Total revenue
$4,531,851
Total expenses
$6,201,389
Contributions and grants received
$3,921,911
Grants paid
$3,392,987
Program service revenue
$354,344
Investment income
$74,404
Other revenue
$181,192
Total assets, end of year
$7,296,643
Total liabilities, end of year
$1,562,595
Net assets or fund balances, end of year
$5,734,048
Program services expenses (Part IX)
$5,804,017
Management and general expenses
$289,021
Fundraising expenses
$108,351
Program service expenses (Part III)
$5,804,017

Program services were 93.6% 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

    $32,475

  • 1e · Government grants (contributions)

    $2,818,797

  • 1f · All other contributions, gifts and grants

    $1,070,639

  • 2a · Program service revenue: ARTSGARDEN RENTAL

    total $354,344 · related or exempt $354,344

  • 3 · Investment income

    total $44,174 · excluded $44,174

  • 7a · Gross sales of assets other than inventory

    securities $563,598

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

    securities $533,368

  • 7c · Gain or loss

    securities $30,230

  • 7d · Net gain or loss

    total $30,230 · excluded $30,230

  • 8a · Fundraising events: gross income

    $249,987

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

    $32,475

  • 8b · Fundraising events: direct expenses

    $76,498

  • 8c · Net income from fundraising events

    total $173,489 · excluded $173,489

  • 11a · Other revenue: OTHER

    total $7,703 · related or exempt $7,703

  • 11e · Other revenue, total

    $7,703

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,819,287 · program services $2,819,287

  • 2 · Grants to domestic individuals

    total $573,700 · program services $573,700

  • 5 · Compensation of officers, directors and key employees

    total $191,936 · program services $124,759 · management and general $28,790 · fundraising $38,387

  • 7 · Other salaries and wages

    total $861,704 · program services $714,645 · management and general $100,811 · fundraising $46,248

  • 9 · Other employee benefits

    total $133,526 · program services $110,524 · management and general $15,273 · fundraising $7,729

  • 10 · Payroll taxes

    total $77,153 · program services $61,676 · management and general $9,451 · fundraising $6,026

  • 11b · Fees: legal

    total $7,451 · program services $7,451

  • 11c · Fees: accounting

    total $18,500 · program services $14,789 · management and general $2,266 · fundraising $1,445

  • 11f · Fees: investment management

    total $15,464 · management and general $15,464

  • 12 · Advertising and promotion

    total $335,204 · program services $335,204

  • 13 · Office expenses

    total $7,686 · program services $7,169 · management and general $517

  • 16 · Occupancy

    total $151,074 · program services $135,967 · management and general $15,107

  • 19 · Conferences, conventions and meetings

    total $2,772 · management and general $2,772

  • 22 · Depreciation, depletion and amortization

    total $317,103 · program services $305,920 · management and general $11,183

  • 23 · Insurance

    total $26,725 · program services $21,364 · management and general $3,274 · fundraising $2,087

  • 24a · Other expenses: COMMUNITY INITIATIVES

    total $420,342 · program services $420,342

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $46,585 · program services $34,066 · management and general $12,519

  • 24c · Other expenses: CONTRACT SERVICES

    total $44,633 · program services $41,500 · management and general $1,890 · fundraising $1,243

  • 24d · Other expenses: ARTIST & TECH FEES

    total $31,456 · program services $31,456

  • 24e · All other expenses

    total $119,088 · program services $44,198 · management and general $69,704 · fundraising $5,186

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,948,542 · end of year $1,077,637

  • 4 · Accounts receivable

    beginning of year $785,121 · end of year $279,712

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,722 · end of year $14,381

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

    $12,315,644

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

    $8,776,210

  • 10c · Land, buildings and equipment, net

    beginning of year $3,833,723 · end of year $3,539,434

  • 11 · Investments: publicly traded securities

    beginning of year $2,003,266 · end of year $1,795,750

  • 15 · Other assets

    beginning of year $16,259 · end of year $589,729

  • 17 · Accounts payable and accrued expenses

    beginning of year $266,102 · end of year $229,397

  • 18 · Grants payable

    beginning of year $663,990 · end of year $742,440

  • 25 · Other liabilities

    beginning of year $0 · end of year $590,758

  • 27 · Net assets without donor restrictions

    beginning of year $5,563,019 · end of year $5,183,110

  • 28 · Net assets with donor restrictions

    beginning of year $2,104,522 · end of year $550,938

Mission and programs · 2022

Mission

THE ARTS COUNCIL OF INDIANAPOLIS FOSTERS MEANINGFUL ENGAGEMENT IN THE ARTS BY NURTURING A CULTURE WHERE ARTISTS AND ARTS ORGANIZATIONS THRIVE.

  • CONTRIBUTE TO AND ADVOCATE FOR THE LONG-TERM VIABILITY OF THE ARTS; EMPOWER ARTISTS AND BUILD THE CAPACITY OF ARTS ORGANIZATIONS THROUGH A HIGH-QUALITY PLATFORM OF SERVICES; BE THE VOICE AND CONVENER OF THE ARTS AND CULTURAL COMMUNITY; INTEGRATE THE ARTS INTO COMMUNITY PROJECTS AND COLLABORATIVE PARTNERSHIPS; AND DEMONSTRATE OPERATIONAL EXCELLENCE BY EFFECTIVELY STEWARDING OUR RESOURCES AND RELATIONSHIPS.

    Expenses $5,167,221 · Grants $3,392,987 · Revenue $7,703

  • THROUGH WHOLLY-OWNED SUBSIDIARY, ARTSGARDEN LLC, HOSTS FREE PERFORMANCES AND EXHIBITS.

    Expenses $636,796 · Revenue $354,344

As filed on the 2022 return.

Listed in Part VII

  • Tanya Stuart Overdorf

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Greg Wallis

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Brenda Horn

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Virgil Chan MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deseri Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Heather Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Basile

    ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • Erik Johnson

    ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Appel

    ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • David Nie

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Jason Noyan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bryce Bennett

    ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Branic

    ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • Aleesia Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adrienne Sims

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Inez Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jill Hauser Robisch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Kennelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Alter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Krista Skidmore

    ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Varnau

    ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • Lucia Mar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Hulka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Monika Mala

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Orson Mason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Vaughn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Hempstead

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shawn Mulholland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stan Hurt

    ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Williams

    ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • Adam Chavers

    ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • Ted Givens

    ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Huber

    ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Goodman

    PRESIDENT & CEO

    Total calculated
    $191,936
    From this org
    $172,691
    From related orgs
    $0
    Other
    $19,245
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,691
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,245
    Filer's total
    $191,936

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 · 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
  • 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

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

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • INDIANAPOLIS ARTSGARDEN LLC

    USED TO HOST OVER 300 ANNUAL PERFORMANCES AND EXHIBITS · IN · income $354,344 · assets $3,437,327

Provenance

Return type
form_990
Tax year
2022
Filed
11 July 2023
IRS schema version
2022v5.0
Source object
202321929349300932

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

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