Indianapolis Theatre Fringe Festival Inc
- Assets
- $1.1m
- Revenue
- $465.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Indianapolis, IN
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 20-2005004
Organization Overview
Indianapolis Theatre Fringe Festival Inc is located in Indianapolis, IN. The organization was established in 2005. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Indianapolis Theatre Fringe Festival Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indianapolis Theatre Fringe Festival Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Indianapolis Theatre Fringe Festival Inc generated $465.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $671.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INDYFRINGE ADVANCES THE PERFORMING ARTS BY CREATING ACCESS TO A MULTITUDE OF OPPORTUNITIES FOR ARTISTS, AUDIENCES, AND OUR COMMUNITY TO THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INDIANAPOLIS THEATRE FRINGE FESTIVALS (INDYFRINGE) LARGEST ACCOMPLISHMENT IS THE PRODUCTION OF A THREE WEEK THEATRE FESTIVAL FOR THE COMMUNITY OF INDIANAPOLIS WHICH FEATURES VARIOUS PERFORMANCE GROUPS ACTING OUT OVER 300 SHOWS AND DRAWING MORE THAN 10,000 ATTENDEES. THE INDYFRINGE THEATRE FESTIVAL HAS GROWN INTO AN ANNUAL CULTURAL ATTRACTION THAT SPANS 5 DIFFERENT VENUES AND AIMS AT PROMOTING OUR LOCAL, NATIONAL, AND INTERNATIONAL PERFORMERS. ON AN ONGOING BASIS, INDYFRINGE PROVIDES LOW-COST PERFORMANCE SHOWS TO THE PUBLIC, ENCOURAGING THE INDIANAPOLIS COMMUNITY TO PARTICIPATE IN THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Brady Leaving Executive Director | OfficerTrustee | 40 | $75,829 |
Rosemary Dorsa Board Member | Trustee | 1 | $0 |
John Fischer Board Member | Trustee | 1 | $0 |
Monica Cantrell Board Member | Trustee | 1 | $0 |
Terri Czajka Board Member | Trustee | 1 | $0 |
Marie Macintosh Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,000 |
| Related organizations | $0 |
| Government grants | $189,106 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $8,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,106 |
| Total Program Service Revenue | $243,125 |
| Investment income | $1,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,854 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,678 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $465,479 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,829 |
| Compensation of current officers, directors, key employees. | $33,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,780 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,072 |
| Payroll taxes | $66,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,541 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,146 |
| Office expenses | $2,158 |
| Information technology | $11,315 |
| Royalties | $0 |
| Occupancy | $44,754 |
| Travel | $120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $3,849 |
| Conferences, conventions, and meetings | $0 |
| Interest | $869 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,925 |
| Insurance | $12,838 |
| All other expenses | $0 |
| Total functional expenses | $671,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,011 |
| Savings and temporary cash investments | $175,398 |
| Pledges and grants receivable | $12,345 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $882,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,116,986 |
| Accounts payable and accrued expenses | $6,819 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $23,633 |
| Other liabilities | $0 |
| Total liabilities | $30,452 |
| Net assets without donor restrictions | $1,084,534 |
| Net assets with donor restrictions | $2,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,116,986 |