Indy Criterium Inc
- Assets
- $37.0k
- Revenue
- $193.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 82-0636610
Organization Overview
Indy Criterium Inc is located in Indianapolis, IN. The organization was established in 2017. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indy Criterium 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 Criterium Inc generated $193.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $182.7k during the year ending 12/2021. While expenses have increased by 6.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
POSITIVELY IMPACT INDIANAPOLIS AND THE CENTRAL INDIANA COMMUNITY BY ORGANIZING, MANAGING, DIRECTING OR OPERATING HIGH QUALITY BICYCLING EVENTS AND FESTIVALS, BY BEING INVOLVED WITH OTHER EVENTS THAT PROMOTE URBAN RECREATION, SPORT, AND HEALTHY LIFESTYLES, AND UTILIZING THE PROCEEDS FROM SUCH EVENTS TO ASSIST OTHER CHARITIES WHO SERVE TO IMPROVE CENTRAL INDIANA AND THE INDIANAPOLIS COMMUNITY, INCLUDING CHARITIES SERVING YOUTH WITH MENTORING, HEALTH, OR PHYSICAL FITNESS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PROGRAM OF INDY CRITERIUM, INC. IS THE MOMENTUM INDY FESTIVAL THAT TAKES PLACE ANNUALLY. THE EVENT IS A CULTURAL CELEBRATION OF COMMUNITY, BICYCLING, HEALTH, WELLNESS AND OUTDOOR RECREATION, PROMOTING INDIANAPOLIS AS A CULTURALLY VIBRANT CITY. THE MOMENTUM INDY FESTIVAL IS A TWO DAY FAMILY-FRIENDLY EVENT IN DOWNTOWN INDIANAPOLIS THAT PROMOTES HEALTHY LIFESTYLE ACTIVITIES THROUGH COMMUNITY BICYCLE RIDES, BIKE RACES, YOUTH FITNESS ACTIVITIES, KIDS ZONE, JUNIORS RACES AND KIDS BICYCLE RACES. THE MOMENTUM INDY FESTIVAL PROMOTES CULTURE, DIVERSITY AND COMMUNITY THROUGH THE HONOR MAJOR TAYLOR COMMUNITY RIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Cvar Executive Dir. | Officer | 40 | $32,600 |
Paul Cvar Board Member | Trustee | 4 | $0 |
Michael Goldenberg Treasurer | Trustee | 4 | $0 |
Chris Boardman Board Member | Trustee | 4 | $0 |
Debra Wagoner President | Trustee | 4 | $0 |
Chris Nurnberger Board Member | Trustee | 4 | $0 |
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 | $6,660 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,660 |
| Total Program Service Revenue | $186,384 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $193,061 |
| 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. | $32,600 |
| 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 | $400 |
| Fees for services: Accounting | $213 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,750 |
| Advertising and promotion | $3,660 |
| Office expenses | $2,804 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,500 |
| 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 | $4,521 |
| All other expenses | $0 |
| Total functional expenses | $182,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,021 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,021 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $2,000 |
| 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 | $2,000 |
| Net assets without donor restrictions | $35,021 |
| Net assets with donor restrictions | $0 |
| 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 | $37,021 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Indy Criterium Inc has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Zeta Tau Alpha Fraternity Carmel, IN | $13,572,932 | $39,083,661 |
Medinah Country Club Medinah, IL | $51,813,196 | $25,838,666 |
Union League Club Of Chicago Chicago, IL | $26,749,429 | $20,158,030 |
Missouri Athletic Club St Louis, MO | $22,640,194 | $18,091,674 |
Alpha Chi Omega Fraternity Inc Indianapolis, IN | $29,119,055 | $16,507,869 |
Butterfield Country Club Oak Brook, IL | $37,524,568 | $14,281,799 |
University Club Of Chicago Chicago, IL | $40,558,650 | $14,990,991 |
Bellerive Country Club Saint Louis, MO | $30,118,733 | $15,442,843 |
Alpha Chi Omega National Housing Corporation Indianapolis, IN | $68,106,791 | $16,027,721 |
National Association Of Intercollegiate Athletics Kansas City, MO | $12,204,653 | $13,287,204 |
Big Spring Country Club Inc Louisville, KY | $27,849,226 | $12,028,840 |
Westmoreland Country Club Wilmette, IL | $31,536,434 | $12,960,463 |