2024-11-15T13:40:31+00:00 2023-12-31 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402413902 990 2023-01-01 351885205 Indianapolis Downtown Marketing Inc INDI 3172372222 111 Monument Cir 250 Indianapolis IN 46204 Tim Boruff VP of Finance & Operations 2024-11-15 true true JENNIFER BURKE P01342224 5023263996 2024-11-15 2023 2024-10-15 13:58:12Z Sherry Seiwert 111 Monument Cir 250 Indianapolis IN 46204 2422293 false X www.downtownindy.org X 1993 IN Indianapolis Downtown Marketing, Inc. (IDMI) exists to improve downtown Indianapolis. IDMI focuses on marketing downtown businesses, destinations, organizations, activities and events. 64 64 57 0 0 0 682385 1142284 998921 883362 29665 74592 25 9055 1710996 2109293 0 0 988447 1036017 0 0 1262245 1534918 2250692 2570935 -539696 -461642 2722289 2817052 2950989 3334642 -228700 -517590 Indianapolis Downtown Marketing, Inc. (IDMI) exists to improve downtown Indianapolis. IDMI focuses on marketing downtown businesses, destinations, organizations, activities and events. false false Downtown Marketing & Communications - Indianapolis Downtown Marketing, Inc. (IDMI) coordinates and disseminates information about downtown events, activities, organizations, safety, access and beautification to inform and attract Central Indiana residents, workers and visitors. IDMI produces and distributes several communications tools, including maps and electronic newsletters. IDMI also produces advertising and earned media in various publications and manages an organization website to showcase downtown. Circle of Lights - Indianapolis Downtown Marketing, Inc. manages Circle of Lights, downtown Indianapolis' holiday decor and cross-marketing activities. Seasonal events, traditions and activities are highlighted by the annual lighting ceremony, traditionally held the day after thanksgiving. Promotional and marketing efforts support holiday season activities. 0 false true false false false false false true false true false false true true true false true false false false false false false false false false false false true false false false false false false false false false false false true false false false 8 0 true 57 true false false false false false false false false X 64 64 false false false false true true false true true false false false true true true true true true true false IN X Tim Boruff 3172372222 111 Monument Circle Suite 250 Indianapolis IN 46204 Brittany Smith Chair 1.0 X X 0 0 0 Malina Jeffers-Bacon Vice Chair 1.0 X X 0 0 0 Alec Gray Director (Beginning 4/23) 1.0 X 0 0 0 Amy Lamb Director 1.0 X 0 0 0 Amy Lamb Director 1.0 X 0 0 0 Amy Vaughan Director 1.0 X 0 0 0 Anna Bowman Director (Beginning 4/23) 1.0 X 0 0 0 Anna Whelchel Director 1.0 X 0 0 0 Anne Dunlavy Director (Through 4/23) 1.0 X 0 0 0 Autumn Monaghan Director (Through 4/23) 1.0 X 0 0 0 Ben Snyder Director 1.0 X 0 0 0 Bert Beiswanger Director 1.0 X 0 0 0 Bill Brooks Director 1.0 X 0 0 0 Bill Stinson Director 1.0 X 0 0 0 Brent Frymier Director 1.0 X 0 0 0 Bryn Jones Director 1.0 X 0 0 0 Carissa Newton Director 1.0 X 0 0 0 Carrie Abbott Director 1.0 X 0 0 0 Chris Gahl Director 1.0 X 0 0 0 Christine Warren Director 1.0 X 0 0 0 Courtney Arango Director (Through 4/23) 1.0 X 0 0 0 Courtney Essett Director 1.0 X 0 0 0 Craig Mince Director 1.0 X 0 0 0 Danielle Dove Director 1.0 X 0 0 0 Deana R Haworth Director 1.0 X 0 0 0 Derek Crawford Director (Through 4/23) 1.0 X 0 0 0 Elizabeth Belange Director 1.0 X 0 0 0 Greg Bires Director 1.0 X 0 0 0 Greg Kiley Director 1.0 X 0 0 0 Iris Dillon Director (Beginning 4/23) 1.0 X 0 0 0 Jacqueline Eckhardt Director 1.0 X 0 0 0 Jake Oakman Director (Through 4/23) 1.0 X 0 0 0 Jen Pittman Director (Through 4/23) 1.0 X 0 0 0 Jennifer Boehm Director 1.0 X 0 0 0 Jenny Cash Director 1.0 X 0 0 0 Jerry Wade Director (Through 4/23) 1.0 X 0 0 0 Jessica Chapman Director 1.0 X 0 0 0 Jessica Cushing Director 1.0 X 0 0 0 Jessica Foster Director 1.0 X 0 0 0 Joe Pellman Director 1.0 X 0 0 0 John McDonald Director 1.0 X 0 0 0 Josh Mason Director (Through 4/23) 1.0 X 0 0 0 Josh Schuck Director 1.0 X 0 0 0 Judy Palermo Director (Through 4/23) 1.0 X 0 0 0 Julie Schaefer Director 1.0 X 0 0 0 Kara Kovert Pray Director 1.0 X 0 0 0 Karl Traeger Director (Beginning 4/23) 1.0 X 0 0 0 Katelyn Sussli Director 1.0 X 0 0 0 Katrina Canfield Director 1.0 X 0 0 0 Kelly Dodds Director (Through 4/23) 1.0 X 0 0 0 Kelly Young Director (Beginning 4/23) 1.0 X 0 0 0 Kim Howell Director (Through 4/23) 1.0 X 0 0 0 Kim Stoebick Director (Beginning 4/23) 1.0 X 0 0 0 Kortni Gurganus-Wright Director (Beginning 4/23) 1.0 X 0 0 0 Lesley Gordon Director 1.0 X 0 0 0 Lisa Townsend Director 1.0 X 0 0 0 Liz Madison Director (Beginning 4/23) 1.0 X 0 0 0 Lorraine Vavul Director 1.0 X 0 0 0 Madeline Moyer Director (Through 4/23) 1.0 X 0 0 0 Mark Bode Director 1.0 X 0 0 0 Megan Mattingly Director (Beginning 4/23) 1.0 X 0 0 0 Megan Winter Director 1.0 X 0 0 0 Melissa Winter Director (Beginning 4/23) 1.0 X 0 0 0 Meredith Easley Director 1.0 X 0 0 0 Mike Henn Director 1.0 X 0 0 0 Mindi Woolman Director 1.0 X 0 0 0 Monique Wise Director 1.0 X 0 0 0 Nicole Duncan Director 1.0 X 0 0 0 Polina Osherov Director 1.0 X 0 0 0 Raven Reckley Director (Beginning 4/23) 1.0 X 0 0 0 Sara Galer Director 1.0 X 0 0 0 Sarah Myer Director 1.0 X 0 0 0 Sharon Smith Director 1.0 X 0 0 0 Stephanie Pemberton Director 1.0 X 0 0 0 Tamara Cypress Director 1.0 X 0 0 0 Zachary Lockett Director 1.0 X 0 0 0 Bob Schultz Sr. Vice President (Through 9/23) 1.0 X 94554 0 4500 Taylor Schaffer President and CEO 1.0 X 220750 0 2250 315304 0 6750 1 false true false 0 1142284 1142284 Membership Dues 900099 624650 624650 Georgia Street Revenue 900099 258712 258712 0 0 0 0 883362 46725 46725 0 0 340867 313000 27867 0 27867 27867 Other Revenue 900099 9055 9055 0 0 0 0 9055 2109293 892417 0 74592 X 867804 105939 62274 41539 16102 301209 151427 35174 39066 145792 3344 21558 22514 36128 AWARDS AND RECOGNITION 315310 Management and General 262669 Miscellaneous 126275 FUNDRAISING 16811 0 2570935 141760 422829 350504 0 0 0 0 29165 31965 688479 671052 705111 17427 1565184 1700185 0 0 0 575211 2722289 2817052 205206 399056 10000 192367 177370 0 0 2553416 2748216 2950989 3334642 X -228700 -517590 -228700 -517590 2722289 2817052 -461642 172752 0 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 21988 21988 666491 671052 -4561 17427 Right of Use 575211 575211 Deferred Rent & Lease Incentives 2110716 Due to IDI 637500 2748216 X Schedule D, Part IV, Line 2b Explanation of escrow agreement Indianapolis Downtown Marketing, Inc. (IDMI) serves as the fiscal agent for the Pest Bird Task Force (Task Force), which consists of property owners and building managers in downtown Indianapolis, IN. The Task Force has contracted with the USDA to monitor and relocate the pest birds in downtown Indianapolis, IN. IDMI collects donations from members of the Task Force, and will pay the USDA for their services. IDMI has no obligation to the Task Force or the USDA beyond holding of the funds. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote IDI is exempt from income taxes on income from related activities under Section 501(c)(3) of the U.S. Internal Revenue Code and corresponding state tax law. IDMI is exempt from income taxes on income from related activities under Section 501(c)(6) of the U.S. Internal Revenue Code and corresponding state tax law. Accordingly, no provision has been made for federal or state income taxes. Additionally, neither IDI nor IDMI has been determined to be a private foundation under Section 509(a) of the Internal Revenue Code. The guidance requires the Organization to recognize a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount that would be recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded. The Organization does not expect their position of no uncertain tax positions to change in the next 12 months. The Organization recognizes interest and/or penalties related to income tax matters in income tax expense. The Organization did not have any amounts accrued for interest and penalties at December 31, 2023 and 2022. X X X X X false false false Taylor Schaffer President and CEO 220750 0 0 0 0 0 0 0 2250 0 223000 0 0 0 Form 990, Part VI, Line 6 Classes of members or stockholders Indianapolis Downtown, Inc. (IDI) is the sole corporate member of Indianapolis Downtown Marketing, Inc. (IDMI). IDI elects the IDMI Board of Directors. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body See narrative for Part VI, Section A, Line 6. Form 990, Part VI, Line 12c Conflict of interest policy All Board Members and officers individually complete conflict of interest statements annually. The President and Board Chair review and analyze all statements for potential conflicts. Conflicts are appropriately noted as business is conducted with these individuals. Internal controls require a hierarchy of approvals for expenses before incurred. This affords a cross check for the appropriateness of the transaction. If any conflict is identified in Board or Committee action, the Board or committee member refrains from voting. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Executive Committee of the Board of Directors is authorized to serve as the Compensation Committee by the Board of Directors. The Executive Committee annually evaluates the President's performance based on established performance objectives. The committee reviews local and national comparable data for private, public and not-for-profit positions of similar skills and tenure including comprehensive data compiled and provided regularly by an independent third party. The Executive Committee approves compensation adjustments for the President and reviews with the Board of Directors. The deliberations and decisions are documented in the committee minutes. Form 990, Part VI, Line 15b Process to establish compensation of other employees The Executive Committee and Board of Directors also annually review and approve compensation adjustments for all IDMI employees and officers following a similarly deliberative process as described above. The President prepares individual employee compensation adjustment recommendations based on the organization's documented evaluation system and comparable data provided regularly by an independent third party. Recommendations are within a total compensation amount defined by the IDMI Finance Committee. The Executive Committee reviews and approves the compensation adjustment and reviews with Board of Directors. The deliberations and decisions are documented in the committee minutes. Form 990, Part VI, Line 19 Required documents available to the public The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part IX, Line 11g Other Fees VARIOUS OTHER - Total Expense: 301209, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; Indianapolis Downtown Inc 111 Monument Circle Suite 250 Indianapolis IN 46204 351877771 Downtown Management IN 501(c)(3) 7 NA false false false false false false false false false false false false true true true true true true false false