Indiana Black Expo Inc is located in Indianapolis, IN. The organization was established in 1994. According to its NTEE Classification (R22) the organization is classified as: Minority Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2023, Indiana Black Expo Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Black Expo 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 12/2021, Indiana Black Expo Inc generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF INDIANA BLACK EXPO, INC. IS TO BE AN EFFECTIVE VOICE AND VEHICLE FOR THE SOCIAL AND ECONOMIC ADVANCEMENT OF AFRICAN-AMERICANS.
Describe the Organization's Program Activity:
SUMMER CELEBRATION: SUMMER CELEBRATION SERVES AS A CONDUIT FOR THE INDIANAPOLIS COMMUNITY, THE STATE OF INDIANA AND THE NATION AT-LARGE. SUMMER CELEBRATION BEGAN IN 1970 AT THE END OF THE CIVIL RIGHTS MOVEMENT AS AN EFFORT TO BRING AWARENESS OF BUSINESS OPPORTUNITIES AND ACHIEVEMENTS OF AFRICAN AMERICANS WITHIN THE INDIANAPOLIS COMMUNITY. SINCE THOSE EARLY DAYS, IT HAS BECOME A FIXTURE FOR INDIANAPOLIS TOURISM, BUSINESS, POLITICAL AND ACADEMIC COMMUNITIES WHILE ALSO SERVING AS A SOCIAL AWARENESS VEHICLE FOR THE ADVANCEMENT OF AFRICAN AMERICANS. SUMMER CELEBRATION PROVIDES FINANCIAL RESOURCES FOR THE ORGANIZATION'S YOUTH AND FAMILY AND SOCIAL RESPONSIBILITY EFFORTS.
PROGRAMS AT INDIANA BLACK EXPO: INCLUDES ACTIVITIES SUCH AS "WE CAN FEED THE HUNGRY" AT CHRISTMAS, WHICH ANNUALLY SERVES OVER 800 FAMILIES, WITH A FOCUS ON RESIDENTS FROM LOW-INCOME HOUSING AGENCIES, ASSISTED LIVING FACILITIES AND REFERRALS FROM VARIOUS SOCIAL SERVICE ORGANIZATIONS. THE PROGRAM PROVIDES FAMILIES WITH GROCERIES TO FEED THEIR FAMILIES A TRADITIONAL HOLIDAY DINNER. A BUSINESS CONFERENCE IS HELD ANNUALLY, TO PROVIDE A VENUE FOR BLACK ENTREPRENEURS, ORGANIZATIONS AND TALENT TO SHOWCASE THEIR GOODS AND SERVICES. THE CONFERENCE FOCUSES ON PROVIDING MINORITY BUSINESSES WITH THE TOOLS NEEDED TO COMPETE FOR CONTRACT OPPORTUNITIES WITH LOCAL, STATE, FEDERAL, PRIVATE, AND POSTSECONDARY INSTITUTIONS. ATTENDEES WILL HAVE THE OPPORTUNITY TO HEAR DIRECTLY FROM EXPERTS ON SUSTAINING AND EXPANDING THEIR BUSINESSES AND NETWORKING WITH KEY DECISION MAKERS. THE ORGANIZATION ALSO HOSTS EMPLOYMENT FAIRS, WHERE BUSINESSES IN SEARCH OF QUALIFIED EMPLOYEES ARE CONNECTED WITH INDIVIDUALS WHO ARE UNEMPLOYED, UNDEREMPLOYED OR SIMPLY LOOKING FOR A CHANGE IN WORKPLACES. THE EMPLOYMENT FAIR INCLUDES WORKSHOPS ON RESUME PREPARATION AND INTERVIEW TECHNIQUES. MANY OF THE PARTICIPATING EMPLOYERS OFFER ON-THE-SPOT CONNECTIONS BETWEEN THE JOB MARKET AND THOSE TRYING TO NAVIGATE IT.
YOUTH PROGRAMS: THE FOCUS OF YOUTH AND FAMILY PROGRAMS IS TO STRENGTHEN SERVICES TO THE COMMUNITY. TO DO THIS EFFECTIVELY, IT IS IMPORTANT FOR THE ORGANIZATION TO RESEARCH HOW AFRICAN AMERICANS ARE LIVING STATEWIDE. AS INFORMATION IS GATHERED, THE ORGANIZATION TAKES STEPS TO ENSURE PROGRAMS THAT KEEP THE COMMUNITY HEALTHY, WEALTHY AND WISE ARE CONTINUALLY OFFERED. IBE'S YOUTH AND FAMILY PROGRAMS DEPARTMENT MANAGES OR ORGANIZES AT LEAST 13 PROGRAMS OR ACTIVITIES, INCLUDING (1) EDUCATION DAY; (2) THE EMPLOYMENT OPPORTUNITY FAIR; (3) STATE OF OUR BLACK YOUTH INITIATIVE; (4) STATEWIDE EDUCATION CONFERENCE; (5) FAMILY FUN/TECH ZONE; (6) STATEWIDE YOUTH LEADERSHIP SUMMIT; (7) CIRCLE CITY CLASSIC SCHOLARSHIP FUND; (8) CIRCLE CITY CLASSIC CORONATION; (9) CIRCLE CITY CLASSIC YOUTH FOOTBALL AND CHEERLEADING CLINIC; (10) PERFORMING ARTS ACADEMY; (11) THE MINORITY BUSINESS CONFERENCE; AND (12) THE TOBACCO PREVENTION & CESSATION INITIATIVE. IBE ALSO COLLABORATES ON SEVERAL INITIATIVES, INCLUDING THE INSHAPE INDIANA BLACK & MINORITY HEALTH FAIR, THE LARGEST MINORITY HEALTH FAIR IN THE WORLD, AND THE CULTURAL ARTS PAVILION.
CIRCLE CITY CLASSIC: IN 1983, INDIANA BLACK EXPO ORGANIZERS HAD A DESIRE TO CREATE AN OPPORTUNITY TO SHOWCASE ACADEMIC EXCELLENCE AMONGST THE NATION'S HISTORICALLY BLACK COLLEGES AND UNIVERSITIES. THAT YEAR, MISSISSIPPI VALLEY STATE AND GRAMBLING UNIVERSITY CAME TOGETHER DURING THE FIRST EVER CIRCLE CITY CLASSIC. HOWEVER, THE CIRCLE CITY CLASSIC IS NOT JUST A FOOTBALL GAME. ACADEMIC EXCELLENCE IS THE PRIORITY AND IN ORDER TO ACHIEVE THIS GOAL, THE ORGANIZATION HOSTS A COLLEGE FAIR FEATURING HISTORICALLY BLACK COLLEGES AND UNIVERSITIES; COLLEGE PREPAREDNESS WORKSHOPS ARE HOSTED ACROSS THE CITY AND SCHOLARSHIPS ARE AWARDED TO AREA STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Northern Region Vice Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Davis & Associates Construction Contractor | 12/30/20 | $0 |
Keybank Financial / Banking Services | 12/30/20 | $0 |
Centerplate Catering | 12/30/20 | $0 |
Fern Expo & Event Services Event Services | 12/30/20 | $0 |
Shout Out Studio Marketing Services | 12/30/20 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $14,500 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $232,161 |
All other contributions, gifts, grants, and similar amounts not included above | $2,242,446 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,489,107 |
Total Program Service Revenue | $974,191 |
Investment income | $83 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $125 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,463,506 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $25,600 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $619,453 |
Pension plan accruals and contributions | $5,412 |
Other employee benefits | $23,406 |
Payroll taxes | $39,990 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $38,510 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $790,482 |
Advertising and promotion | $313,366 |
Office expenses | $83,483 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $279,335 |
Travel | $135,880 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $31,158 |
Interest | $0 |
Payments to affiliates | $26,609 |
Depreciation, depletion, and amortization | $98,384 |
Insurance | $13,887 |
All other expenses | $15,465 |
Total functional expenses | $2,977,226 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,783 |
Savings and temporary cash investments | $2,199,039 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $472,927 |
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 | $2,954,985 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $5,628,734 |
Accounts payable and accrued expenses | $246,531 |
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 | $0 |
Other liabilities | $165,050 |
Total liabilities | $411,581 |
Net assets without donor restrictions | $3,703,184 |
Net assets with donor restrictions | $1,513,969 |
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 | $5,628,734 |
Organization Name | Assets | Revenue |
---|---|---|
Action Center On Race And The Economy Institute Chicago, IL | $3,897,736 | $5,942,734 |
Indiana Black Expo Inc Indianapolis, IN | $5,628,734 | $3,463,506 |
United African Organization Inc Chicago, IL | $648,574 | $1,698,862 |
Skin Of Color Society Foundation Chicago, IL | $702,732 | $1,104,671 |
Chicago United For Equity Chicago, IL | $1,399,662 | $870,442 |
Latino Coalition Against Domestic & Sexual Violence Indianapolis, IN | $240,471 | $648,677 |
Privilege Institute Inc Green Bay, WI | $490,915 | $238,409 |
The Leverage Network Inc Chicago, IL | $770,019 | $636,727 |
365 Media Foundation Inc Madison, WI | $310,083 | $647,972 |
Black Youth Project 100 Nfp Springfield, IL | $2,859,817 | $333,168 |
Chicago Committee On Minorities In Large Law Firms Chicago, IL | $342,910 | $297,960 |
Life Is Work Maywood, IL | $0 | $307,468 |
Descendants Truth And Reconciliation Trust Chicago, IL | $15,704,593 | $273,328 |
Communities Organizing Methodical Resistance Everywhere South Bend, IN | $235,447 | $4,675 |
Charles Hamilton Houston Institute Inc Verona, WI | $0 | $0 |