Indiana Black Expo Inc
- Assets
- $5.6m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Indianapolis, IN
- Founding
- 09/1994
- Data as of
- 12/2021
- EIN
- 35-1406245
Organization Overview
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 12/2021, Indiana Black Expo Inc employed 11 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 7 years, the organization has seen revenues fall by an average of (4.8%) 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 (5.1%) per year over the past 7 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:
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.
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. (CONTINUED IN SCHEDULE O)
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. (CONTINUED IN SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davis & Associates Construction Contractor | 12/30/20 | $0 |
Keybank Financial / Banking Services | 12/30/20 | $0 |
Fern Expo & Event Services Event Services | 12/30/20 | $0 |
Shout Out Studio Marketing Services | 12/30/20 | $0 |
Centerplate Catering | 12/30/20 | $0 |
Financial Statements
| 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 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Indiana Black Expo Inc has recieved totaling $1,189,400.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: YOUTH AND FAMILY PROGRAMS | $1,100,000 |
Childrens Bureau Inc Indianapolis, IN PURPOSE: TO SUPPORT CHILDREN'S PROGRAMMING | $30,000 |
Indianapolis Foundation Inc Indianapolis, IN PURPOSE: Changing the Narrative in 21 Public Awareness Camp | $16,000 |
Surack Family Foundation Fort Wayne, IN PURPOSE: EVENT SPONSORSHIP | $15,000 |
Lumina Foundation For Education Inc Indianapolis, IN PURPOSE: TO SUPPORT THE 14TH ANNUAL IBE EDUCATION CONFERENCE. | $12,500 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: SUMMER YOUTH PROGRAM | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Action Center On Race And The Economy Institute Frankfort, IL | $6,240,718 | $6,121,871 |
Indiana Black Expo Inc Indianapolis, IN | $5,628,734 | $3,463,506 |
United African Organization Inc Chicago, IL | $265,558 | $825,010 |
Skin Of Color Society Foundation Chicago, IL | $646,112 | $904,378 |
365 Media Foundation Inc Madison, WI | $310,083 | $647,972 |
Chicago United For Equity Chicago, IL | $1,086,491 | $988,294 |
Latino Coalition Against Domestic & Sexual Violence Indianapolis, IN | $487,048 | $470,974 |
Charles Hamilton Houston Institute Inc Verona, WI | $57,847 | $372,368 |
Privilege Institute Inc Green Bay, WI | $1,242,703 | $600,051 |
The Leverage Network Inc Chicago, IL | $636,417 | $532,589 |
Life Is Work Maywood, IL | $0 | $301,765 |
Black Youth Project 100 Nfp Chicago, IL | $2,479,494 | $666,089 |