Arts Council Of Indianapolis Inc
- Assets
- $10.3m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 16
- Location
- Indianapolis, IN
- Founding
- 02/1988
- Data as of
- 12/2023
- EIN
- 31-1225893
Organization Overview
Arts Council Of Indianapolis Inc, operating under the name Indy Arts Council, is located in Indianapolis, IN. The organization was established in 1988. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Indy Arts Council employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indy Arts Council 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 12/2023, Indy Arts Council generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $4.6m during the year ending 12/2023. While expenses have increased by 4.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Indy Arts Council has awarded 295 individual grants totaling $16,731,824. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ARTS COUNCIL OF INDIANAPOLIS FOSTERS MEANINGFUL ENGAGEMENT IN THE ARTS BY NURTURING A CULTURE WHERE ARTISTS AND ARTS ORGANIZATIONS THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTE TO AND ADVOCATE FOR THE LONG-TERM VIABILITY OF THE ARTS; EMPOWER ARTISTS AND BUILD THE CAPACITY OF ARTS ORGANIZATIONS THROUGH A HIGH-QUALITY PLATFORM OF SERVICES; BE THE VOICE AND CONVENER OF THE ARTS AND CULTURAL COMMUNITY; INTEGRATE THE ARTS INTO COMMUNITY PROJECTS AND COLLABORATIVE PARTNERSHIPS; AND DEMONSTRATE OPERATIONAL EXCELLENCE BY EFFECTIVELY STEWARDING OUR RESOURCES AND RELATIONSHIPS.
THROUGH WHOLLY-OWNED SUBSIDIARY, ARTSGARDEN LLC, HOSTS FREE PERFORMANCES AND EXHIBITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tanya Stuart Overdorf Chairman | OfficerTrustee | 3 | $0 |
Gregory Wallis Treasurer | OfficerTrustee | 3 | $0 |
Brenda Horn Vice Chair | OfficerTrustee | 3 | $0 |
Virgil Chan MD Director | Trustee | 1 | $0 |
Deseri Garcia Director | Trustee | 1 | $0 |
Frank Basile Advisor | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $41,566 |
| Related organizations | $0 |
| Government grants | $2,255,635 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,991,214 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,288,415 |
| Total Program Service Revenue | $462,686 |
| Investment income | $93,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,127 |
| Net Income from Fundraising Events | $188,538 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,056,949 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,448,500 |
| Grants and other assistance to domestic individuals. | $98,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $221,145 |
| Compensation of current officers, directors, key employees. | $57,498 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $844,835 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $148,680 |
| Payroll taxes | $76,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,409 |
| Fees for services: Accounting | $24,948 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,316 |
| Fees for services: Other | $0 |
| Advertising and promotion | $164,651 |
| Office expenses | $9,273 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $160,759 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,776 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $312,005 |
| Insurance | $27,436 |
| All other expenses | $123,681 |
| Total functional expenses | $4,627,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,973,364 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $545,442 |
| 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 | $57,125 |
| Net Land, buildings, and equipment | $3,254,792 |
| Investments—publicly traded securities | $1,997,870 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $479,881 |
| Total assets | $10,308,474 |
| Accounts payable and accrued expenses | $358,887 |
| Grants payable | $809,941 |
| Deferred revenue | $280,641 |
| 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 | $0 |
| Other liabilities | $494,258 |
| Total liabilities | $1,943,727 |
| Net assets without donor restrictions | $5,035,959 |
| Net assets with donor restrictions | $3,328,788 |
| 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 | $10,308,474 |
Grants Awarded
Over the last fiscal year, Arts Council Of Indianapolis Inc has awarded $1,405,000 in support to 74 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LIVES THEATRE PURPOSE: ARTS PROGRAMMING | $7,500 |
AMERICAN PIANISTS ASSOCIATION PURPOSE: ARTS PROGRAMMING | $17,000 |
ARTMIX PURPOSE: ARTS PROGRAMMING | $50,000 |
ARTS FOR LAWRENCE PURPOSE: ARTS PROGRAMMING | $15,000 |
ARTS FOR LEARNING PURPOSE: ARTS PROGRAMMING | $17,500 |
ASANTE ART INSTITUTE OF INDIANAPOLIS PURPOSE: ARTS PROGRAMMING | $30,500 |