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Nonprofiteer
← INDIANAPOLIS CULTURAL TRAIL INC

Form 990 for tax year 2024

Filed by INDIANAPOLIS CULTURAL TRAIL INC.

Totals

Total revenue
$11,547,141
Total expenses
$15,602,335
Contributions and grants received
$9,888,354
Grants paid
$0
Program service revenue
$571,984
Investment income
$1,079,847
Other revenue
$6,956
Total assets, end of year
$28,094,771
Total liabilities, end of year
$1,190,892
Net assets or fund balances, end of year
$26,903,879
Program services expenses (Part IX)
$15,270,628
Management and general expenses
$219,911
Fundraising expenses
$111,796
Program service expenses (Part III)
$15,270,628

Program services were 97.9% 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

    $19,500

  • 1e · Government grants (contributions)

    $245,851

  • 1f · All other contributions, gifts and grants

    $9,623,003

  • 1g · Noncash contributions included above

    $4,673,997

  • 2a · Program service revenue: COMMUNITY CONSULTING

    total $317,707 · related or exempt $317,707

  • 2b · Program service revenue: BIKESHARE MEMBER/USAGE FEES

    total $200,029 · related or exempt $200,029

  • 2c · Program service revenue: SPECIAL EVENTS

    total $47,088 · related or exempt $47,088

  • 2d · Program service revenue: TRAIL TOURS

    total $6,170 · related or exempt $6,170

  • 2e · Program service revenue: GROUP RIDES

    total $990 · related or exempt $990

  • 3 · Investment income

    total $1,100,587 · excluded $1,100,587

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

    other assets $20,740

  • 7c · Gain or loss

    other assets -$20,740

  • 7d · Net gain or loss

    total -$20,740 · excluded -$20,740

  • 8a · Fundraising events: gross income

    $0

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

    $19,500

  • 8b · Fundraising events: direct expenses

    $2,244

  • 8c · Net income from fundraising events

    total -$2,244 · excluded -$2,244

  • 11a · Other revenue: MISC. REVENUE

    total $9,200 · related or exempt $9,200

  • 11e · Other revenue, total

    $9,200

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $237,141 · program services $121,046 · management and general $73,671 · fundraising $42,424

  • 7 · Other salaries and wages

    total $699,312 · program services $646,328 · management and general $10,892 · fundraising $42,092

  • 8 · Pension plan contributions

    total $8,698 · program services $7,701 · management and general -$82 · fundraising $1,079

  • 9 · Other employee benefits

    total $17,718 · program services $21,210 · management and general -$4,870 · fundraising $1,378

  • 10 · Payroll taxes

    total $70,655 · program services $58,147 · management and general $6,329 · fundraising $6,179

  • 11b · Fees: legal

    total $4,525 · program services $2,473 · management and general $2,052

  • 11c · Fees: accounting

    total $30,889 · management and general $30,889

  • 11g · Fees: other

    total $674,685 · program services $615,085 · management and general $53,525 · fundraising $6,075

  • 12 · Advertising and promotion

    total $67,130 · program services $53,229 · management and general $2,318 · fundraising $11,583

  • 13 · Office expenses

    total $24,557 · program services $20,733 · management and general $3,089 · fundraising $735

  • 14 · Information technology

    total $120,925 · program services $112,880 · management and general $7,803 · fundraising $242

  • 16 · Occupancy

    total $42,184 · program services $37,544 · management and general $4,640

  • 17 · Travel

    total $9,641 · program services $9,596 · management and general $45

  • 19 · Conferences, conventions and meetings

    total $8,787 · program services $6,064 · management and general $2,723

  • 22 · Depreciation, depletion and amortization

    total $287,725 · program services $271,208 · management and general $16,517

  • 23 · Insurance

    total $35,878 · program services $25,609 · management and general $10,269

  • 24a · Other expenses: PROGRAM SERVICE EXPENSE

    total $13,013,559 · program services $13,013,449 · management and general $101 · fundraising $9

  • 24b · Other expenses: TRAIL O&M CONTRACT SERV

    total $225,812 · program services $225,812

  • 24c · Other expenses: MERCHANT FEES

    total $20,094 · program services $20,094

  • 24d · Other expenses: OTHER EXPENSES

    total $2,420 · program services $2,420

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $230,463 · end of year $884,424

  • 2 · Savings and temporary cash investments

    beginning of year $19,569,750 · end of year $8,838,220

  • 3 · Pledges and grants receivable

    beginning of year $1,856,878 · end of year $1,558,000

  • 4 · Accounts receivable

    beginning of year $81,536 · end of year $108,766

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,673 · end of year $20,807

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

    $16,818,420

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

    $3,079,119

  • 10c · Land, buildings and equipment, net

    beginning of year $8,175,542 · end of year $13,739,301

  • 15 · Other assets

    beginning of year $1,292,752 · end of year $2,945,253

  • 17 · Accounts payable and accrued expenses

    beginning of year $154,601 · end of year $481,871

  • 19 · Deferred revenue

    beginning of year $4,226 · end of year $4,561

  • 23 · Secured mortgages and notes payable

    end of year $704,460

  • 25 · Other liabilities

    beginning of year $214,688 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $11,434,693 · end of year $17,607,781

  • 28 · Net assets with donor restrictions

    beginning of year $19,403,386 · end of year $9,296,098

Mission and programs · 2024

Mission

TO ENRICH LIVES AND CONNECT PEOPLE AND PLACES THROUGH DYNAMIC AND BEAUTIFUL EXPERIENCES AND USE THE INDIANAPOLIS CULTURAL TRAIL AND PACERS BIKESHARE PROGRAM AS A CATALYST FOR ECONOMIC GROWTH.

  • INDIANAPOLIS CULTURAL TRAIL INC. CREATES, INSPIRES, AND SUSTAINS CONNECTIONS AND CULTURAL EXPERIENCES THAT ARE ACCESSIBLE FOR ALL. THE INDIANAPOLIS CULTURAL TRAIL IS BOTH A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION AND A WORLD-CLASS, INTERNATIONALLY RECOGNIZED LINEAR PARK: THE INDIANAPOLIS CULTURAL TRAIL: A LEGACY OF GENE AND MARILYN GLICK. THE CULTURAL TRAIL INCLUDES BEAUTIFUL GARDENS, ALMOST 1,000 TREES AND A DYNAMIC PUBLIC ART COLLECTION IN ADDITION TO PROVIDING CULTURAL AND WELLNESS PROGRAMMING FOR THE COMMUNITY.

    Expenses $14,455,203 · Revenue $371,251

  • THE INDIANA PACERS BIKESHARE PROGRAM HAS 50 STATIONS LOCATED ON OR NEAR THE INDIANAPOLIS CULTURAL TRAIL: A LEGACY OF GENE & MARILYN GLICK. THIS ALLOWS INDIANAPOLIS CULTURAL TRAIL, INC. TO PROVIDE PUBLICLY ACCESSIBLE BIKES FOR PEOPLE TO USE TO EXPERIENCE THE INDIANAPOLIS CULTURAL TRAIL.

    Expenses $815,425 · Revenue $209,933

As filed on the 2024 return.

Listed in Part VII

  • Karen Haley

    EXECUTIVE DIRECTOR

    Total calculated
    $152,833
    From this org
    $144,801
    From related orgs
    $0
    Other
    $8,032
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $134,801
    Bonus
    $10,000
    Other
    $0
    Deferred
    $4,344
    Nontaxable benefits
    $3,688
    Filer's total
    $152,833

  • Rebecca Rizzo

    CFO

    Total calculated
    $84,308
    From this org
    $81,853
    From related orgs
    $0
    Other
    $2,455
    Hours/week
    18

  • Karen Spataro

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Camille Blunt

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Josh Christie

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • John Andrews

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jim Bisesi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Pilar Cuadra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tedd Grain

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ben Grande

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Tarsis Lopez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Von Lovan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patrick Murphy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Dawn Olson

    YP BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Parker

    BOARD MEMBER/CITY

    Total calculated
    $0
    Hours/week
    1

  • Danielle Patterson MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jasmin White

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Zwoyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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 · 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 August 2025
IRS schema version
2024v5.2
Source object
202522269349302642

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