Indy Gateway Inc
- Assets
- $737.9k
- Revenue
- $406.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-3583307
Organization Overview
Indy Gateway Inc is located in Indianapolis, IN. The organization was established in 2015. 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. Indy Gateway 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, Indy Gateway Inc generated $406.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.1% each year . All expenses for the organization totaled $167.0k during the year ending 12/2021. While expenses have increased by 43.2% 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
INDY GATEWAY WAS CREATED FOR AND ITS PRIMARY OBJECTIVE IS TO IMPROVE ECONOMIC DEVELOPMENT AND COMMUNITY DEVELOPMENT. THE PURPOSES INCLUDE PROMOTING ECONOMIC GROWTH, INCREASING OPPORTUNITIES FOR THE REVITALIZATION OF NEIGHBORHOODS, AND MAKING THE WEST SIDE OF INDIANAPOLIS A PLACE WHERE FAMILIES WANT TO LIVE, WORK AND PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING INDY GATEWAY HAS EXPANDED ITS PARTNERSHIP TO INCLUDE PRIVATE CONTRACTOR BUILDS. THE START OF THE CONSTRUCTION OF THE HOUSES WAS DELAYED UNTIL SPRING OF 2022 DUE TO INFLATED MATERIALS COSTS. WHEN FINISHED THIS WILL BE PUT ON THE MARKET FOR QUALIFIED HOMEBUYERS AND TURN THESE AREA LIABILITIES INTO TAX GENERATING PROPERTIES THAT WILL BENEFIT OUR LOCAL ENTITIES AND IMPROVE THE NEIGHBORHOOD. THE HOUSES WILL BE BUILT IN FEDERALLY DESIGNATED LOW AND MODERATE-INCOME AREAS ON NAOMI STREET AND VINE. NO HOUSES WERE SOLD IN 2021.
SHELTON HEIGHTS PARK WAS IMPROVED WITH A HANDICAP ASSESSIBLE WALKING PATH THROUGH A $24,800 GRANT FROM THE CENTRAL INDIANA COMMUNITY FOUNDATION (DESIGNATED THROUGH THE ORTHO INDY FUND). IN AUGUST OF 2021 THE ASPHALT WAS LAID FOR THIS TRAIL.
ECONOMIC DEVELOPMENT EFFORTS CONTINUE AS INDY GATEWAY IS PARTNERED WITH THE CITY OF INDIANAPOLIS TO IMPLEMENT THE WESTSIDE STRATEGIC REVITALIZATION & AIRPORT TIF IMPLEMENTATION ACTION PLAN. THIS PROCESS ORGANIZED FOCUS GROUPS THAT INCLUDED NEIGHBORHOOD ASSOCIATION REPRESENTATIVES, BUSINESS OWNERS AND OTHER IMPACTED GOVERNMENT AND COMMUNITY ORGANIZATIONS. THE PLAN WAS FINALIZED IN AUGUST 2018 AND LAYS OUT SPECIFIC PROJECTS TO BE IMPLEMENTED IN THE COMING YEARS THAT WILL SPUR ECONOMIC AND COMMUNITY DEVELOPMENT FOR THE AREA. THE LINK TO THE FULL PLAN CAN BE FOUND ON OUR WEBSITE AT: HTTPS://WWW.INDYGATEWAY.ORG/COMMUNITY-INITIATIVES/ECONOMIC-DEVELOPMENT/
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Bentley Executive Director | Officer | 25 | $31,904 |
Bentley Executive Director | Officer | 25 | $21,804 |
Bart York President | OfficerTrustee | 1 | $0 |
Troy Brosseau Vice Presdent | OfficerTrustee | 1 | $0 |
Todd Cook Treasurer | OfficerTrustee | 1 | $0 |
Guy Finn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $68,475 |
| Related organizations | $0 |
| Government grants | $12,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $330,259 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $410,984 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,905 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $406,912 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,687 |
| 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. | $53,708 |
| Compensation of current officers, directors, key employees. | $19,872 |
| 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 | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $827 |
| Insurance | $1,302 |
| All other expenses | $0 |
| Total functional expenses | $166,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,348 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,750 |
| 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 | $121,233 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $291,604 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $737,935 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $96,350 |
| 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 | $0 |
| Total liabilities | $96,350 |
| Net assets without donor restrictions | $556,750 |
| Net assets with donor restrictions | $84,835 |
| 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 | $737,935 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Indy Gateway Inc has recieved totaling $24,800.
| Awarding Organization | Amount |
|---|---|
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: Shelton Heights Park Accessible Walking Path | $24,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indianapolis Foundation Inc Indianapolis, IN | $352,748,809 | $43,731,535 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |
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 |