Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,003,359

• 1f · All other contributions, gifts and grants

  $299,261

• 2f · All other program service revenue

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

• 3 · Investment income

  total $154,593 · excluded $154,593

• 6a · Gross rents

  real property $18,000

• 6c · Rental income or loss

  real property $18,000 · personal property $0

• 6d · Net rental income or loss

  total $18,000 · excluded $18,000

• 7a · Gross sales of assets other than inventory

  securities $1,492,683

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

  securities $1,303,669

• 7c · Gain or loss

  securities $189,014 · other assets $0

• 7d · Net gain or loss

  total $189,014 · excluded $189,014

• 11a · Other revenue: Miscellaneous

  total $1,622 · related or exempt $1,622

• 11d · All other revenue

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

• 11e · Other revenue, total

  $1,622

Functional expenses

Part IX, the statement of functional expenses.

• 11f · Fees: investment management

  total $34,515 · program services $34,515

• 11g · Fees: other

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

• 24a · Other expenses: DOWNTOWN SAFETY AND CLEANING

  total $1,995,455 · program services $1,995,455

• 24b · Other expenses: DOWNTOWN MANAGEMENT SERVICES

  total $589,825 · program services $589,825

• 24c · Other expenses: DOWNTOWN SPECIAL PROJECTS

  total $408,231 · program services $408,231

• 24d · Other expenses: MISCELLANEOUS

  total $421 · program services $421

• 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 $65,704 · end of year $159,070

• 4 · Accounts receivable

  beginning of year $995,412 · end of year $1,159,681

• 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

• 9 · Prepaid expenses and deferred charges

  beginning of year $7,778 · end of year $1,409

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

  $9,691,094

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

  $1,028,561

• 10c · Land, buildings and equipment, net

  beginning of year $8,969,588 · end of year $8,662,533

• 11 · Investments: publicly traded securities

  beginning of year $4,534,242 · end of year $4,604,747

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $2,110,716 · end of year $2,285,716

• 17 · Accounts payable and accrued expenses

  beginning of year $309,591 · end of year $731,763

• 21 · Escrow or custodial account liability

  beginning of year $229,034 · end of year $157,817

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $15,435,151 · end of year $15,293,428

• 28 · Net assets with donor restrictions

  beginning of year $709,664 · end of year $690,148

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.