2025-11-17T15:38:43+00:00 2024-12-31 350921680 CROWE LLP 4801 Olympia Park Plaza Suite 4000 Louisville KY 402412098 990 2024-01-01 351885205 Indianapolis Downtown Marketing Inc INDI 3172372222 111 Monument Cir 250 Indianapolis IN 46204 Tim Boruff VP of Finance & Operations 2025-11-17 true true JENNIFER BURKE P01342224 5023263996 2025-11-17 2024 2025-03-06 01:10:19Z TAYLOR SCHAFFER 111 Monument Cir 250 Indianapolis IN 46204 2469688 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. 63 63 63 63 0 1142284 1494824 883362 462647 74592 127269 9055 17990 2109293 2102730 0 0 1036017 957864 0 0 1534918 1626155 2570935 2584019 -461642 -481289 2817052 3033667 3334642 3956205 -517590 -922538 Indianapolis Downtown Marketing, Inc. (IDMI) exists to improve downtown Indianapolis. IDMI focuses on marketing downtown businesses, destinations, organizations, activities and events. false false Widely known as the heart and communal gathering space for Indianapolis, Monument Circle is a popular destination for residents and visitors alike. The Circle, featuring the larger-than-life Soldiers & Sailors Monument, is both a hub for Downtown's workforce as well as entertainment, dining, retail, and more. The filing organization collaborates with the Indiana War Memorials Commission (IWMC) to infuse arts and culture into the space year-round, from artistic video mapping and lighting through the Shining A Light program to the pedestrian-friendly SPARK on the Circle which welcomed more than 78K visitors in its 2024 season. The filing organization strives to keep the Indianapolis urban core a clean, safe place for residents and visitors to enjoy the rich arts and culture our community has to offer. In partnership with HVAF, the filing organization staffs a full-time team of Street Ambassadors providing daily powerwashing, sidewalk clean-ups, sticker and graffiti removal. With an expanding tree canopy and hundreds of planters throughout the Mile Square, Downtown's splash of freshness and color adds greatly to the urban environment. 0 false true false 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 false false false false true false false false false false 1 0 true 63 true false false false false false false false false X 63 63 false false false false true true false true true false false false false true true true true true true true false 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 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 1.0 X 0 0 0 Anna Whelchel Director 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 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 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 1.0 X 0 0 0 Jacqueline Eckhardt Director 1.0 X 0 0 0 Jennifer Boehm Director 1.0 X 0 0 0 Jenny Cash Director 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 Schuck Director 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 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 Young Director 1.0 X 0 0 0 Kim Stoebick Director 1.0 X 0 0 0 Kortni Gurganus-Wright Director 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 1.0 X 0 0 0 Lorraine Vavul Director 1.0 X 0 0 0 Mark Bode Director 1.0 X 0 0 0 Megan Mattingly Director 1.0 X 0 0 0 Megan Winter Director 1.0 X 0 0 0 Melissa Winter Director 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 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 Taylor Schaffer President and CEO 1.0 39.0 X 197220 0 5495 TIMOTHY BORUFF VICE PRESIDENT FINANCE & OPERATIONS 1.0 39.0 X 142520 0 1000 339740 0 6495 2 false true false 0 1494824 1494824 MONUMENT CIRCLE SPONSORSHIPS 900099 412947 412947 DOWNTOWN SPECIAL PROJECTS 900099 49700 49700 0 0 0 0 462647 59315 59315 0 0 434912 366958 67954 0 67954 67954 MISCELLANEOUS REVENUE 900099 17990 17990 0 0 0 0 17990 2102730 480637 0 127269 346235 464369 87101 60159 25712 48594 17232 0 208759 55022 40176 226497 19410 10404 89177 DOWNTOWN EVENT EXPENSE 335979 MANAGEMENT AND GENERAL 318813 SHINING A LIGHT PROGRAM 112380 PROJECT DEVELOPMENT/RESEARCH 42182 75818 2584019 141760 56357 350504 645616 0 0 0 0 31965 57944 688479 681457 17427 7022 1700185 1794198 0 0 575211 472530 2817052 3033667 399056 1044098 10000 0 177370 126991 0 0 2748216 2785116 3334642 3956205 X -517590 -922538 -517590 -922538 2817052 3033667 -481289 76341 0 X false true true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 21988 21988 0 666491 659469 7022 7022 Right of Use 472530 472530 Federal Income Taxes Deferred Rent & Lease Incentives 499400 Due to IDI 2285716 2785116 X 0 0 0 0 0 0 0 0 0 0 0 0 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, 2024 and 2023. X X X X X false false false Taylor Schaffer President and CEO 197220 0 0 0 0 0 1498 0 3997 0 202715 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. 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