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Nonprofiteer
← INDY GATEWAY INC

Form 990 for tax year 2025

Filed by INDY GATEWAY INC.

Totals

Total revenue
$293,470
Total expenses
$319,337
Contributions and grants received
$298,000
Grants paid
$0
Program service revenue
$0
Investment income
$3,062
Other revenue
-$7,592
Total assets, end of year
$903,663
Total liabilities, end of year
$750
Net assets or fund balances, end of year
$902,913
Program services expenses (Part IX)
$262,798
Management and general expenses
$30,767
Fundraising expenses
$25,772
Program service expenses (Part III)
$262,798

Program services were 82.3% 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

    $80,067

  • 1f · All other contributions, gifts and grants

    $217,933

  • 7a · Gross sales of assets other than inventory

    other assets $487,983

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

    other assets $484,921

  • 7c · Gain or loss

    other assets $3,062

  • 7d · Net gain or loss

    total $3,062 · related or exempt $3,062

  • 8a · Fundraising events: gross income

    $0

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

    $80,067

  • 8b · Fundraising events: direct expenses

    $21,715

  • 8c · Net income from fundraising events

    total -$21,715 · excluded -$21,715

  • 9a · Gaming: gross income

    $312

  • 9b · Gaming: direct expenses

    $203

  • 9c · Net income from gaming

    total $109 · excluded $109

  • 11a · Other revenue: OTHER INCOME

    total $14,014 · related or exempt $14,014

  • 11e · Other revenue, total

    $14,014

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $75,800 · program services $25,772 · management and general $24,256 · fundraising $25,772

  • 11c · Fees: accounting

    total $2,688 · program services $2,688

  • 13 · Office expenses

    total $1,123 · management and general $1,123

  • 14 · Information technology

    total $2,072 · management and general $2,072

  • 22 · Depreciation, depletion and amortization

    total $1,653 · program services $1,653

  • 23 · Insurance

    total $494 · management and general $494

  • 24a · Other expenses: PROJECT EXPENSES

    total $229,894 · program services $229,894

  • 24b · Other expenses: MISCELLANEOUS

    total $5,613 · program services $2,791 · management and general $2,822

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $122,306 · end of year $247,972

  • 2 · Savings and temporary cash investments

    beginning of year $202,828 · end of year $159,536

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

    $122,060

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

    $7,439

  • 10c · Land, buildings and equipment, net

    beginning of year $116,274 · end of year $114,621

  • 13 · Investments: program-related

    beginning of year $488,729 · end of year $381,534

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,357 · end of year $750

  • 27 · Net assets without donor restrictions

    beginning of year $650,893 · end of year $631,778

  • 28 · Net assets with donor restrictions

    beginning of year $277,887 · end of year $271,135

Mission and programs · 2025

Mission

INDY GATEWAY WAS CREATED FOR AND ITS PRIMARY OBJECTIVE IS TO IMPROVE ECONOMIC DEVELOPMENT AND COMMUNITY DEVELOPMENT. THE PURPOSES INCLUDE PROMOTING ECONOMIC GROWTH, INCREASING OPPORTUNITIES FOR THE REVITALIZATION OF NEIGHBORHOODS, AND MAKING THE WEST SIDE OF INDIANAPOLIS A PLACE WHERE FAMILIES WANT TO LIVE, WORK AND PLAY.

  • AFFORDABLE HOUSING - AREA 31 CONSTRUCTION TRADES STUDENTS COMPLETED A HOUSE AT 5122 W. LEGRANDE THAT WAS SOLD IN OCTOBER 2025. A NEW HOUSE HAS BEGUN AT 1418 BEULAH AVENUE AND IS PLANNED FOR COMPLETION IN MAY 2026. WE CONTINUE OUR BUILD AT 2710 TAFT AVENUE. WE ARE PLANNING ON PUTTING ALL THESE HOUSES ON THE MARKET BY THE END OF 2026 FOR QUALIFIED HOMEBUYERS AND TURN THESE AREA LIABILITIES INTO TAX GENERATING PROPERTIES THAT WILL BENEFIT OUR LOCAL ENTITIES AND IMPROVE THE NEIGHBORHOOD AND BUILT IN FEDERALLY DESIGNATED LOW AND MODERATE-INCOME AREAS. INDY GATEWAY HELD ITS 2ND "JAMMIN FOR A CAUSE" FUNDRAISING EVENT TO BENEFIT THE PROGRAM IN SEPTEMBER 2025.

    Expenses $140,257 · Revenue $17,076

  • INDY GATEWAY BOARD OF DIRECTORS HAS ACQUIRED FUNDING THROUGH THE GATEWAY GALLOP 5K IN PREVOUS YEARS AS WELL AS A GRANT FROM THE CENTRAL INDIANA COMMUNITY FOUNDATION TO PROCEED IN 2025 WITH THE CONSTRUCTION OF THE PATHWAY AND COMPLETION OF THE CHAPEL ROCK TRAILHEAD. THE PROJECT WILL INCLUDE: TRAIL NODE AND PAVED PATH CONNECTION ON BOTA PROPERTY (PATH NOT COVERED UNDER NEXT LEVEL TRAIL GRANT) TRAILHEAD PLAZA AND PATH CONNECTION ON CHURCH PROPERTY TRAILHEAD IDENTITY SIGN DIRECTIONAL SIGN AT CHURCH ENTRY AREASFUNDING FOR CONSTRUCTION HAS BEEN RAISED IN 2023 AND 2024. FINAL BIDS WERE RECEIVED IN LATE 2024 WITH CONSTRUCTION PLANNED FOR THE TRAIL IN 2025. DELAYS HAVE POSTPONED FINAL CONTRUCTION UNTIL SPRING 2026.

    Expenses $122,541

  • INDY GATEWAY HELD ITS 10TH ANNIVERSARY CELEBRATION IN 2025.

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeffrey K Butts

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Guy Finn

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Renee Pack

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Michelle Bodem

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Adam Burtner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Troy Brosseau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Timothy Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Maximillian Coconato

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Todd M Cook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jared Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Richard Joseph

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Wesly Papabathini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Richard Proctor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Pryor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cameron Radford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Rovazzini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jonathan Weinzapfel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Caitlin Withers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lisa Bentley

    EXECUTIVE DIRECTOR

    Total calculated
    $75,799
    From this org
    $75,799
    From related orgs
    $0
    Other
    $0
    Hours/week
    25

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
21 August 2026
IRS schema version
2025v4.2
Source object
202632339349300918

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