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Nonprofiteer
← INDY GATEWAY INC

Form 990 for tax year 2022

Filed by INDY GATEWAY INC.

Totals

Total revenue
$200,201
Total expenses
$175,835
Contributions and grants received
$191,502
Grants paid
$39,720
Program service revenue
$0
Investment income
$15,563
Other revenue
-$6,864
Total assets, end of year
$735,020
Total liabilities, end of year
$69,372
Net assets or fund balances, end of year
$665,648
Program services expenses (Part IX)
$136,747
Management and general expenses
$21,871
Fundraising expenses
$17,217
Program service expenses (Part III)
$136,747

Program services were 77.8% 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

    $40,017

  • 1e · Government grants (contributions)

    $33,368

  • 1f · All other contributions, gifts and grants

    $118,117

  • 3 · Investment income

    total $3 · excluded $3

  • 7a · Gross sales of assets other than inventory

    other assets $349,230

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

    other assets $333,670

  • 7c · Gain or loss

    other assets $15,560

  • 7d · Net gain or loss

    total $15,560 · excluded $15,560

  • 8a · Fundraising events: gross income

    $0

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

    $40,017

  • 8b · Fundraising events: direct expenses

    $7,980

  • 8c · Net income from fundraising events

    total -$7,980 · excluded -$7,980

  • 11a · Other revenue: OTHER INCOME

    total $1,116 · related or exempt $1,116

  • 11e · Other revenue, total

    $1,116

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $39,720 · program services $39,720

  • 11a · Fees: management

    total $50,638 · program services $17,217 · management and general $16,204 · fundraising $17,217

  • 11c · Fees: accounting

    total $1,050 · program services $1,050

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $1,355 · management and general $1,355

  • 24a · Other expenses: PROGRAM

    total $77,107 · program services $77,107

  • 24b · Other expenses: MISCELLANEOUS

    total $4,312 · management and general $4,312

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $299,348 · end of year $508,962

  • 4 · Accounts receivable

    beginning of year $25,750 · end of year $23,869

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

    $122,060

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

    $2,480

  • 10c · Land, buildings and equipment, net

    beginning of year $121,233 · end of year $119,580

  • 13 · Investments: program-related

    beginning of year $291,604 · end of year $82,609

  • 19 · Deferred revenue

    beginning of year $96,350 · end of year $69,372

  • 27 · Net assets without donor restrictions

    beginning of year $556,750 · end of year $561,175

  • 28 · Net assets with donor restrictions

    beginning of year $84,835 · end of year $104,473

Mission and programs · 2022

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 INDY GATEWAY HAS EXPANDED ITS PARTNERSHIP TO INCLUDE PRIVATE CONTRACTOR BUILDS IN 2021. OUR FIRST TWO HOUSES WERE SOLD AT 5034 NAOMI AND 5038 NAOMI. THE PROGRAM CONTINUES AND WE ARE CURRENTLY BUILDING A HOUSE AT 315 VINE AND PLAN TO BUILD A SECOND HOUSE AT 307 VINE. HOUSES ARE PUT ON THE MARKET 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. THE AREA 31 CAREER CENTER HOUSE BUILDS REMAINED ON HOLD WITH PLANS TO BEGIN A BUILD IN AUGUST OF 2023. THE OBJECTIVE WAS TO BUILD TWO HOUSES. NUMBER OF CLIENTS IS NOT APPLICABLE. DAYS PROVIDED NOT APPLICABLE. EVENTS HELD NOT APPLICABLE.

    Expenses $129,903 · Grants $9,500 · Revenue $1,116

  • SHELTON HEIGHTS PARK WAS IMPROVED WITH AN 8 FOOT HIGH SINGLE POST SWING SET WITH WITH CHAINS AND SEATS TO ENHANCE THE PARK. THE OBJECTIVE WAS TO BUILD A SWINGSET. NUMBER OF CLIENTS IS NOT APPLICABLE. DAYS PROVIDED NOT APPLICABLE. EVENTS HELD NOT APPLICABLE.

    Expenses $3,137

  • ECONOMIC DEVELOPMENT AND INFRASTRUCTURE IMPROVEMENTS EFFORTS CONTINUE AS INDY GATEWAY IS PARTNERED WITH THE CITY OF INDIANAPOLIS TO ANNOUNCE AN OVER $20M ROADWAY AND STORMWATER INFRASTRUCTURE IMPROVEMENT PRJECTS COMING TO WEST WASHINGTON STREET, BETWEEN HOLT ROAD TO LYNHURST DRIVE. ANOTHER BIG TICKET ITEM WILL BE NEWLY CONSTRUCTED SIDEWALKS ALONG THE CORRIDOR. INDY GATEWAY'S CONTINUED ADVOCACY FOR THIS INITIATIVE AND INVESTMENT RESULTED IN THIS FIRST STEP. THE OBJECTIVE WAS TO HAVE THE CITY IMPROVE ROADS AND SIDEWALKS FOR THIS AREA. THIS PROJECT WILL BE FUNDED BY AND THROUGH THE CITY OF INDIANAPOLIS. NO FUNDING THROUGH INDY GATEWAY.

  • Expenses $3,707 · Grants $30,220

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lisa Bentley

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    25
  • Troy Brosseau

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Karlee Macer

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Guy Finn

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Timothy Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeffrey K Butts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Maximillian Coconato

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Todd 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
  • Renee Pack

    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
  • Matthew J Prusiecki

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Pryor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jonathan Weinzapfel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Wilkes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Caitlin Withers

    DIRECTOR

    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
16 May 2023
IRS schema version
2022v5.0
Source object
202341519349300434

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