Promote Carmel Inc
- Assets
- $315.2k
- Revenue
- $329.3k
- Investments
- $0.0
- Employees
- 27
- Location
- Carmel, IN
- Founding
- Data as of
- 12/2022
- EIN
- 85-0628374
Organization Overview
Promote Carmel Inc is located in Carmel, IN. 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. As of 12/2022, Promote Carmel Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promote Carmel 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 12/2022, Promote Carmel Inc generated $329.3k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $268.3k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE CARMEL'S MISSION IS TO PROMOTE THE CITY OF CARMEL, INDIANA, IT'S EVENTS AND UNIQUE QUALITIES TO VISITORS AND RESIDENTS AS PART OF A BROADER MISSION TO SUSTAIN PRIDE IN AND ATTRACT POTENTIAL RESIDENTS TO CARMEL. PROMOTE CARMEL OPERATES "ALL THINGS CARMEL", A GIFT SHOP THAT ACTS AS A VISITORS CENTER AND FURTHER EXEMPLIFIES CARMEL'S DIVERSE AND TALENTED COMMUNITY BY SELLING CRAFT GOODS MADE BY ARTISANS ACROSS THE CITY OF CARMEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVERTISING AND PROMOTION FEES FOR THE ALL THINGS CARMEL STORE, WHICH ACTING AS A SUBSIDIARY OF PROMOTE CARMEL, INC, HOSTED VARIOUS PUBLICLY ATTENDED EVENTS THROUGHOUT 2022. THESE EVENTS WERE INTENDED TO FAMILIARIZE RESIDENTS AND VISITORS WITH THE CITY AND ITS UPCOMING EVENT SCHEDULE., FURTHER, ALL THINGS CARMEL'S GOODS PREDOMINANTLY CONSIST OF SKILLFULLY MADE CRAFT BY ARTISANS THROUGHOUT THE COMMUNITY OF THE CITY OF CARMEL AND DEMONSTRATE THE CULTURE THAT PROMOTE CARMEL, INC EMPHASIZES WHEN ATTRACTING POTENTIAL NEW RESIDENTS OR BUSINESSES TO THE CITY OF CARMEL.
SEE SCHEDULE O.
PAYMENTS OF TRAVEL OR ENTERTAINMENT EXPENSES FOR ANY FEDERAL, STATE, OR LOCAL OFFICIALS INTENDED FOR VISITING DIGNITARIES TO GAIN AN UNDERSTANDING AND APPRECIATION OF WHAT MAKES THE CITY OF CARMEL A PREFERABLE DESTINATION TO LIVE, CONDUCT BUSINESS, OR PARTAKE IN RECREATIONAL ACTIVITIES IN.
GRANTS PAID TO VARIOUS DOMESTIC ORGANIZATIONS TO FURTHER THE PURPOSES OF PROMOTING THE CITY OF CARMEL, INCLUDING GRANTS TO SISTER CITY ORGANIZATIONS AND FUNDRAISING EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Mcfeely Officer | Officer | 40 | $63,085 |
Tim Griffin Director | Officer | 1 | $0 |
Lauren Taylor Director | Officer | 1 | $0 |
Rebecca Shelper Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $194,850 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,717 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,567 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $82,758 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $329,325 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,238 |
| 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. | $63,085 |
| Compensation of current officers, directors, key employees. | $63,085 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,082 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,954 |
| Fees for services: Management | $1,961 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,469 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,468 |
| Office expenses | $21,484 |
| Information technology | $13,080 |
| Royalties | $2,591 |
| Occupancy | $55,253 |
| Travel | $4,593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $9,234 |
| Conferences, conventions, and meetings | $1,743 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,088 |
| All other expenses | $0 |
| Total functional expenses | $268,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,467 |
| 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 | $201,742 |
| 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 | $315,209 |
| Accounts payable and accrued expenses | $12,821 |
| 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 | $0 |
| Total liabilities | $12,821 |
| Net assets without donor restrictions | $0 |
| 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 | $302,388 |
| Total liabilities and net assets/fund balances | $315,209 |