Indianapolis Downtown Inc
- Assets
- $9.9m
- Revenue
- $974.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 35-1877771
Organization Overview
Indianapolis Downtown Inc is located in Indianapolis, IN. The organization was established in 1994. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indianapolis Downtown 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, Indianapolis Downtown Inc generated $974.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 28.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INDIANAPOLIS DOWNTOWN, INC. EXISTS TO IMPROVE DOWNTOWN INDIANAPOLIS. IDI WAS ESTABLISHED TO CONTINUE THE ECONOMIC, SOCIAL, AND CULTURAL DEVELOPMENT IN DOWNTOWN INDIANAPOLIS BY EDUCATIONAL, SCIENTIFIC, AND CHARITABLE MEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIANAPOLIS DOWNTOWN, INC. PERFORMS VARIOUS PROGRAMS AND SERVICES THAT BENEFIT THE GENERAL PUBLIC AND HELP MANAGE DOWNTOWN. THESE PROGRAMS INCLUDE: (1) SAFETY & SECURITY; (2) TRAFFIC & TRANSPORTATION AND PUBLIC RIGHTS-OF-WAY; AND (3) BEAUTIFICATION & CLEANLINESS. SPECIFIC IDI PROGRAMS INCLUDE: BIKE AND WALKING POLICE PATROL OFFICERS INDEPENDENTLY CONTRACTED TO HELP KEEP DOWNTOWN SAFE, INCREASE POLICE PRESENCE AND SUPPLEMENT EFFORTS OF INDIANAPOLIS METROPOLITAN POLICE DEPARTMENT (IDI'S SECURITY PARTNERSHIP CONVENES PUBLIC AND PRIVATE SECURITY PARTNERS TO COORDINATE PUBLIC SAFETY EFFORTS); PLANTING AND MAINTAINING 200 PLANTERS AND 2 GARDENS, INCLUDING WASHINGTON ST., I-70 GATEWAY, JACKSON PLACE AND ROTARY GREENWAY; MAINTAINING & INSTALLING HOLIDAY DECOR ON MONUMENT CIRCLE; DIRECTION DOWNTOWN WAYFINDING SIGNAGE; AND PEST BIRD MITIGATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dodd Technologies Production For Events. | 12/30/19 | $1,098,735 |
Innovative Production For Events. | 12/30/19 | $805,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $422,623 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $422,623 |
| Total Program Service Revenue | $0 |
| Investment income | $147,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $403,030 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $974,420 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,289 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,221,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,512,500 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,340 |
| 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 | $5,049 |
| Net Land, buildings, and equipment | $1,271,223 |
| Investments—publicly traded securities | $5,391,309 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,723,216 |
| Total assets | $9,944,637 |
| Accounts payable and accrued expenses | $171,652 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $123,720 |
| 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 | $0 |
| Total liabilities | $295,372 |
| Net assets without donor restrictions | $1,400,590 |
| Net assets with donor restrictions | $8,248,675 |
| 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 | $9,944,637 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Indianapolis Downtown Inc has recieved totaling $101,000.
| Awarding Organization | Amount |
|---|---|
Eli Lilly And Company Foundation Indianapolis, IN PURPOSE: KEEPING DOWNTOWN INDY CLEAN, SAFE, AND BEAUTIFUL 2021 | $50,000 |
Indianapolis Foundation Inc Indianapolis, IN PURPOSE: General Operating | $40,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,000 |
Eugene And Marilyn Glick Foundation Corporation Indianapolis, IN PURPOSE: SUPPORT PROGRAM | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |
Inner-City Muslim Action Network Chicago, IL | $22,441,569 | $25,574,850 |
Will County Center For Community Concerns Inc Joliet, IL | $2,259,108 | $13,384,526 |
South Central Missouri Community Action Agency Winona, MO | $9,962,741 | $13,195,865 |
West Central Wisconsin Community Action Agency Inc Glenwood City, WI | $21,268,900 | $13,007,959 |
Community Action Coaltion For South Central Wisconsin Inc Madison, WI | $4,809,920 | $12,236,312 |
Community Action Agency Of St Louis County Inc Overland, MO | $8,798,142 | $11,519,810 |