2024-11-15T13:40:03+00:00 2023-12-31 350921680 CROWE LLP 3815 River Crossing Parkway Suite 3 00 Indianapolis IN 462400977 990 2023-01-01 351877771 Indianapolis Downtown Inc INDI 3172372222 111 MONUMENT CIR 250 Indianapolis IN 46204 TIMOTHY BORUFF VP OF FINANCE & OPERATIONS 3172372210 2024-11-15 true true JENNIFER BURKE P01342224 3175698989 2024-11-15 2023 2024-10-15 13:58:12Z Sherry Seiwert 111 MONUMENT CIR 250 Indianapolis IN 46204 11798844 false X www.downtownindy.org X 1993 IN 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. 45 45 0 1000 0 0 669511 10682571 0 71343 271498 3000 4461 743854 10958530 0 0 0 0 0 1405049 3339308 1405049 3339308 -661195 7619222 8352267 16683440 238167 538626 8114100 16144814 Indianapolis Downtown, Inc. (IDI) exists to improve downtown Indianapolis. It is action-oriented and addresses critical issues that affect downtown growth and well-being. IDI was established to continue the economic, social, and cultural development in downtown Indianapolis by educational, scientific, and charitable means. IDI serves the general public in the City of Indianapolis, Indiana. false false 3339308 4461 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. 3339308 true true false false false false false false false true false false true false 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 false false true true true false false false 23 0 true 0 false false false false false false false false false false false false X 45 45 false false false false false false false true true false false false true true true true true false false false IN X TIMOTHY BORUFF 3172372222 111 Monument Circle Suite 250 Indianapolis IN 46204 Bill Browne Chair of the Board 1.0 X X 0 0 0 Karen Burns Treasurer of the Board 1.0 1.0 X X 0 0 0 Krista Skidmore Secretary of the board 1.0 X X 0 0 0 Vop Osili Vice Chair of the Board 1.0 X X 0 0 0 Adairius Gardner Director 1.0 X 0 0 0 Amy Conrad Warner Director 1.0 X 0 0 0 Amy Waggoner Director 1.0 X 0 0 0 Andrew Buroker Director 1.0 X 0 0 0 Andrew Insley Director 1.0 X 0 0 0 Andrew Insley Director (Beginning 4/23) 1.0 X 0 0 0 Brian Burdick Director 1.0 X 0 0 0 Brittany Smith Director (Beginning 4/23) 1.0 X 0 0 0 C Perry Griffith Jr Director 1.0 X 0 0 0 Chuck Collins Director (Beginning 4/23) 1.0 X 0 0 0 Courtney Arango Director 1.0 X 0 0 0 Craig Huse Director 1.0 X 0 0 0 Daryl Graham Director 1.0 X 0 0 0 Dennis Sponsel Director 1.0 X 0 0 0 Diogo Rau Director (Beginning 4/23) 1.0 X 0 0 0 Donald Bough Director (Beginning 4/23) 1.0 X 0 0 0 Dr Rebecca Holwerda Director 1.0 X 0 0 0 Eric Gershman Director 1.0 X 0 0 0 Gregg Hiland Director 1.0 X 0 0 0 J Albert Smith Jr Director 1.0 X 0 0 0 Jake Oakman Director (Beginning 4/23) 1.0 X 0 0 0 Janelle L Smagala Director 1.0 X 0 0 0 Jeff Wheeler Director 1.0 X 0 0 0 Jim Dora Jr Director 1.0 X 0 0 0 Judith B Thomas Director 1.0 X 0 0 0 Kalen Irsay Jackson Director 1.0 X 0 0 0 Korlon Kilpatrick Director 1.0 X 0 0 0 Kristian Andersen Director 1.0 X 0 0 0 Leonard Hoops Director 1.0 X 0 0 0 Lisa Harris Director 1.0 X 0 0 0 Matt Gabet Director (Beginning 4/23) 1.0 X 0 0 0 Michael Wells Director 1.0 X 0 0 0 Nadine Givens Director 1.0 X 0 0 0 Nathan Brames Director 1.0 X 0 0 0 Rebecca Wells Director (Beginning 4/23) 1.0 X 0 0 0 Robert Reynolds Director 1.0 X 0 0 0 Sebastian Smelko Director 1.0 X 0 0 0 Shawn Mulholland Director (Beginning 4/23) 1.0 X 0 0 0 Suzana Kovatch Director(Beginning 4/23) 1.0 X 0 0 0 Tanya Sovinski Director 1.0 X 0 0 0 Todd Taylor Director 1.0 X 0 0 0 Bob Schultz Vice President (Through 9/23) 39.0 1.0 X 0 98554 4500 Taylor Schaffer President and CEO 39.0 1.0 X 0 220750 2250 Timothy Boruff Vice President Finance & Operations 39.0 1.0 X 0 147475 1000 0 466779 7750 0 false true false 0 2448383 8234188 7850000 10682571 0 0 0 0 0 144334 144334 0 0 967478 840314 127164 0 127164 127164 Miscellaneous 900099 4461 4461 0 0 0 0 4461 10958530 148795 0 127164 32758 32758 0 0 0 0 13591 13591 OTHER VARIOUS EXPENSE 2002803 2002803 DOWNTOWN MANAGEMENT SERVICES 666011 666011 Downtown Special Projects 623675 623675 Fundraising 470 470 0 0 0 0 3339308 3339308 0 0 1099922 65704 143302 995412 0 0 0 0 10775 7778 9630065 660477 1067147 8969588 4245405 4534242 0 0 1785716 2110716 8352267 16683440 113947 309592 124220 229034 0 0 0 0 238167 538626 X 856540 7257560 16144814 8114100 16144814 8352267 16683440 7619222 411492 0 X false true X true false X 195624 655567 422623 669511 384189 2327514 0 0 195624 655567 422623 669511 384189 2327514 105013 2222501 154423 99620 147255 148053 144334 693685 0 0 0 2340 1149 1512 3000 4461 12462 3033661 0 0.7326 0.3261 X Schedule A, Part II, Line 17a 10%-facts-and-circumstances test-2020 THE IRS RECORDS INDICATE THAT THE FILING ORGANIZATION IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF 509(A) OF THE CODE BECAUSE THE ORGANIZATION IS DESCRIBED IN SECTION(S) 509(A)(1) AND 170(B)(1)(A)(VI). FURTHERMORE, 10% OR MORE OF SUPPORT COMES FROM GOVERNMENT AGENCIES, CONTRIBUTIONS FROM THE GENERAL PUBLIC, AND CONTRIBUTIONS OF GRANTS FROM OTHER PUBLIC CHARITIES AND THE FACTS AND CIRCUMSTANCES INDICATE IT IS A PUBLICLY SUPPORTED ORGANIZATION. THE ORGANIZATION GENERALLY SOLICITS FUNDS FROM THE GENERAL PUBLIC / COMMUNITY AND HAS A GOVERNING BODY WHICH REPRSENTS THE BROAD INTEREST OF THE PUBLIC. Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISCELLANEOUS, COLUMN A - 2340.0, COLUMN B - 1149.0, COLUMN C - 1512.0, COLUMN D - 3000.0, COLUMN E - 4461.0, COLUMN F - 12462.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7850000 660477 7189523 1780065 1780065 8969588 Due From IDMI 2110716 2110716 Deferred Rent & Lease Incentives Due to Indianapolis Downtown Marketing, Inc 0 X 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 false false false false false false false false false Taylor Schaffer President and CEO 0 220750 0 0 0 0 0 0 0 2250 0 223000 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation Compensation for top management is determined by the Executive Committee of Indianapolis Downtown Marketing, Inc. (IDMI). IDMI uses a Compensation committee, Independent compensation consultant, Form 990 of other organizations, Compensation survey study, and Approval by the board or Compensation committee to establish the top management official's compensation. Form 990, Part VI, Line 15 Process for Determining Compensation of Top Officials Indianapolis Downtown, Inc. (IDI) has no employees. The organization's President and Vice President are employees of and paid by Indianapolis Downtown Marketing, Inc. (IDMI), a related organization. Since the organization does not compensate these employees, these questions are not applicable and have been answered no per the instructions. Form 990, Part VI, Line 1a Delegate broad authority to a committee As stated in Section 2.11 (Executive Committee) of the Bylaws, "The Executive Committee shall have and exercise, during intervals between the meetings of the Board of Directors, all powers vested in the Board of Directors." Form 990, Part VI, Line 12c Conflict of interest policy All Board Members and employees 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 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. Public Private Partnership Indianapolis Downtown, Inc. (IDI) and its related organization, Indianapolis Downtown Marketing, Inc. (IDMI), represent a public private partnership. IDI is contracted by the City of Indianapolis to perform specific services consistent with IDI's mission to improve downtown. These services include strategic oversight, community development, security, parking/rights-of-way management and beautification. Private sector and other non-public revenues provide additional funding to IDI and IDMI to carry out services to improve downtown. These private and other non-public revenues comprise 58% of IDI and IDMI's consolidated budget. IDI also serves as the fiscal agent for a task force of public and private sector partners who contract for pest bird mitigation. Indianapolis Downtown Marketing Inc 111 Monument Circle Suite 250 Indianapolis IN 46204 351885205 Marketing IN 501(c)(6) Indianapolis Downtown Inc true false false false false false false false false false false false true false true true true true false false Indianapolis Downtown Marketing Inc O 160991 FMV