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Nonprofiteer
← INDIANA BLACK EXPO INC

Form 990 for tax year 2022

Filed by INDIANA BLACK EXPO INC.

Totals

Total revenue
$4,412,531
Total expenses
$3,926,736
Contributions and grants received
$3,153,455
Grants paid
$40,750
Program service revenue
$1,248,514
Investment income
$70
Other revenue
$10,492
Total assets, end of year
$6,099,536
Total liabilities, end of year
$343,271
Net assets or fund balances, end of year
$5,756,265
Program services expenses (Part IX)
$2,729,490
Management and general expenses
$1,104,378
Fundraising expenses
$92,868
Program service expenses (Part III)
$2,729,490

Program services were 69.5% 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.

  • 1b · Membership dues

    $13,995

  • 1e · Government grants (contributions)

    $217,025

  • 1f · All other contributions, gifts and grants

    $2,922,435

  • 2a · Program service revenue: Programs and Events

    total $1,248,514 · related or exempt $1,248,514

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $70 · excluded $70

  • 6a · Gross rents

    real property $3,652

  • 6c · Rental income or loss

    real property $3,652 · personal property $0

  • 6d · Net rental income or loss

    total $3,652 · excluded $3,652

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Advertising

    total $6,840 · unrelated business $6,840

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $6,840

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $40,750 · program services $40,750

  • 7 · Other salaries and wages

    total $870,668 · program services $348,548 · management and general $522,120

  • 8 · Pension plan contributions

    total $15,483 · program services $6,198 · management and general $9,285

  • 9 · Other employee benefits

    total $21,989 · program services $8,803 · management and general $13,186

  • 10 · Payroll taxes

    total $54,315 · program services $21,744 · management and general $32,571

  • 11b · Fees: legal

    total $52,096 · program services $52,096

  • 11c · Fees: accounting

    total $27,576 · management and general $27,576

  • 11g · Fees: other

    total $1,146,755 · program services $1,093,521 · management and general $21,832 · fundraising $31,402

  • 12 · Advertising and promotion

    total $295,845 · program services $267,030 · management and general $28,815

  • 13 · Office expenses

    total $144,259 · program services $73,883 · management and general $68,737 · fundraising $1,639

  • 16 · Occupancy

    total $246,858 · program services $177,152 · management and general $67,016 · fundraising $2,690

  • 17 · Travel

    total $223,617 · program services $192,033 · management and general $25,188 · fundraising $6,396

  • 19 · Conferences, conventions and meetings

    total $97,059 · program services $80,197 · fundraising $16,862

  • 21 · Payments to affiliates

    total $22,898 · program services $2,417 · fundraising $20,481

  • 22 · Depreciation, depletion and amortization

    total $154,930 · management and general $154,930

  • 23 · Insurance

    total $120,387 · program services $15,674 · management and general $104,713

  • 24a · Other expenses: Guarantees

    total $120,000 · program services $120,000

  • 24b · Other expenses: Catering & Hospitality

    total $212,554 · program services $195,609 · management and general $6,312 · fundraising $10,633

  • 24c · Other expenses: Facility Rental

    total $13,204 · program services $10,648 · management and general $2,123 · fundraising $433

  • 24d · Other expenses: Miscellaneous

    total $45,493 · program services $23,187 · management and general $19,974 · fundraising $2,332

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,783 · end of year $10,783

  • 2 · Savings and temporary cash investments

    beginning of year $2,199,039 · end of year $2,320,686

  • 4 · Accounts receivable

    beginning of year $472,927 · end of year $800,956

  • 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

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

    $3,373,308

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

    $406,197

  • 10c · Land, buildings and equipment, net

    beginning of year $2,954,985 · end of year $2,967,111

  • 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 $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $246,531 · end of year $343,271

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $165,050 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,703,184 · end of year $4,523,025

  • 28 · Net assets with donor restrictions

    beginning of year $1,513,969 · end of year $1,233,240

Mission and programs · 2022

Mission

Indiana Black Expo, Inc. was organized to establish scholarships; develop, implement and support youth programs; and to inform and educate the public as to the economic, educational, political, religious, and social achievements and cultural development of African-Americans.

Activities or mission (Part I)

The mission of Indiana Black Expo, Inc. is to be an effective voice and vehicle for the social and economic advancement of African-Americans.

  • Summer Celebration: Summer Celebration serves as a conduit for the Indianapolis community, the state of Indiana and the nation at-large. Summer Celebration began in 1970 at the end of the Civil Rights movement as an effort to bring awareness of business opportunities and achievements of African Americans within the Indianapolis community. Since those early days, it has become a fixture for Indianapolis tourism, business, political and academic communities while also serving as a social awareness vehicle for the advancement of African Americans. Summer Celebration provides financial resources for the Organization's youth and family and social responsibility efforts.

    Expenses $1,160,403 · Revenue $807,499

  • YOUTH PROGRAMS: THE FOCUS OF YOUTH AND FAMILY PROGRAMS IS TO STRENGTHEN SERVICES TO THE COMMUNITY. TO DO THIS EFFECTIVELY, IT IS IMPORTANT FOR THE ORGANIZATION TO RESEARCH HOW AFRICAN AMERICANS ARE LIVING STATEWIDE. AS INFORMATION IS GATHERED, THE ORGANIZATION TAKES STEPS TO ENSURE PROGRAMS THAT KEEP THE COMMUNITY HEALTHY, WEALTHY AND WISE ARE CONTINUALLY OFFERED. IBE's Youth and Family Programs Department manages or organizes at least 13 programs or activities, including (1) Education Day; (2) The Employment Opportunity Fair; (3) State of Our Black Youth Initiative; (4) Statewide Education Conference; (5) Family Fun/Tech Zone; (6) Statewide Youth Leadership Summit; (7) Circle City Classic Scholarship Fund; (8) Circle City Classic Coronation; (9) Circle City Classic Youth Football and Cheerleading Clinic; (10) Performing Arts Academy; (11) The Minority Business Conference; and (12) The Tobacco Prevention & Cessation Initiative. IBE also collaborates on several initiatives, including the INShape Indiana Black & Minority Health Fair, the largest minority health fair in the world, and the Cultural Arts Pavilion.

    Expenses $665,038 · Revenue $216,385

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $485,360 · Revenue $224,630

  • PROGRAMS AT INDIANA BLACK EXPO: INCLUDES ACTIVITIES SUCH AS "WE CAN FEED THE HUNGRY" AT CHRISTMAS, WHICH ANNUALLY SERVES OVER 800 FAMILIES, WITH A FOCUS ON RESIDENTS FROM LOW-INCOME HOUSING AGENCIES, ASSISTED LIVING FACILITIES AND REFERRALS FROM VARIOUS SOCIAL SERVICE ORGANIZATIONS. THE PROGRAM PROVIDES FAMILIES WITH GROCERIES TO FEED THEIR FAMILIES A TRADITIONAL HOLIDAY DINNER. A BUSINESS CONFERENCE IS HELD ANNUALLY, TO PROVIDE A VENUE FOR BLACK ENTREPRENEURS, ORGANIZATIONS AND TALENT TO SHOWCASE THEIR GOODS AND SERVICES. THE CONFERENCE FOCUSES ON PROVIDING MINORITY BUSINESSES WITH THE TOOLS NEEDED TO COMPETE FOR CONTRACT OPPORTUNITIES WITH LOCAL, STATE, FEDERAL, PRIVATE, AND POSTSECONDARY INSTITUTIONS. ATTENDEES WILL HAVE THE OPPORTUNITY TO HEAR DIRECTLY FROM EXPERTS ON SUSTAINING AND EXPANDING THEIR BUSINESSES AND NETWORKING WITH KEY DECISION MAKERS. THE ORGANIZATION ALSO HOSTS EMPLOYMENT FAIRS, WHERE BUSINESSES IN SEARCH OF QUALIFIED EMPLOYEES ARE CONNECTED WITH INDIVIDUALS WHO ARE UNEMPLOYED, UNDEREMPLOYED OR SIMPLY LOOKING FOR A CHANGE IN WORKPLACES. THE EMPLOYMENT FAIR INCLUDES WORKSHOPS ON RESUME PREPARATION AND INTERVIEW TECHNIQUES. MANY OF THE PARTICIPATING EMPLOYERS OFFER ON-THE-SPOT CONNECTIONS BETWEEN THE JOB MARKET AND THOSE TRYING TO NAVIGATE IT.

    Expenses $418,689 · Grants $40,750

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Johnny Thomas

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Rinzer Williams III

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Robert Taylor

    Northern Region Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Andy Mallon

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Delbert Mimms

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Denicka Foster

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Gisele Carter

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Hal Darring

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Hayley G Boling

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jamilia L King

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jan Mansfield-Stith

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Joe Ayers

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • John Upshaw

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Keisha Ricketts

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Melissa Proffitt

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Murray Miller

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Scott Pelath

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Steven Quick

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Takesha Wilson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Vop Osili

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Willie Stroman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Yvonne Harrington

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Tanya Bell

    CEO/PRESIDENT

    Total calculated
    $250,458
    From this org
    $242,064
    From related orgs
    $0
    Other
    $8,394
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,494
    Bonus
    $34,570
    Other
    $0
    Deferred
    $8,024
    Nontaxable benefits
    $370
    Filer's total
    $250,458

  • Terri Falker

    DIRECTOR OF FINACE

    Total calculated
    $86,625
    From this org
    $79,673
    From related orgs
    $0
    Other
    $6,952
    Hours/week
    40

  • Alice Watson

    VP OPERATIONS

    Total calculated
    $125,005
    From this org
    $121,268
    From related orgs
    $0
    Other
    $3,737
    Hours/week
    40

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349316062

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