2025-11-17T15:39:28+00:00 2024-12-31 350921680 CROWE LLP 3815 River Crossing Parkway Suite 3 00 Indianapolis IN 462400977 990 2024-01-01 351877771 Indianapolis Downtown Inc INDI 3172372222 111 MONUMENT CIR 250 Indianapolis IN 46204 TIMOTHY BORUFF VP OF FINANCE & OPERATIONS 3172372210 2025-11-17 true true JENNIFER BURKE P01342224 3175698989 2025-11-17 2024 2025-03-06 01:10:19Z TAYLOR SCHAFFER 111 MONUMENT CIR 250 Indianapolis IN 46204 3969518 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. 46 46 0 1000 0 10682571 2302620 0 271498 343607 4461 19622 10958530 2665849 0 0 0 0 0 3339308 3028447 3339308 3028447 7619222 -362598 16683440 16873156 538625 889580 16144815 15983576 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. false false 3028447 1622 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. 3028447 true true false 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 false false true true true false false true 25 0 true 0 false false false false false false false false false false false false X 46 46 false false false false false false false true true false false false false true true true true true false false false false IN X TIMOTHY BORUFF 3172372222 111 Monument Circle Suite 250 Indianapolis IN 46204 Brittany Smith Secretary 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 Chair 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 Brian Burdick Director 1.0 X 0 0 0 C Perry Griffith Jr Director 1.0 X 0 0 0 Courtney Arango Director 1.0 X 0 0 0 Craig Huse Director 1.0 X 0 0 0 Dennis Sponsel Director 1.0 X 0 0 0 Diogo Rau Director 1.0 X 0 0 0 Donald Bough Director 1.0 X 0 0 0 Dr Lisa Harris Director 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 Grace Findley Director 1.0 X 0 0 0 Gregg Hiland Director 1.0 X 0 0 0 Hope Williams Director 1.0 X 0 0 0 J Albert Smith Jr Director 1.0 X 0 0 0 Jake Oakman Director 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 Jackson Director 1.0 X 0 0 0 Korlon Kilpatrick Director 1.0 X 0 0 0 Leonard Hoops Director 1.0 X 0 0 0 Matt Gabet Director 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 Pete Ugo Director 1.0 X 0 0 0 Portia Bailey Director 1.0 X 0 0 0 Rebecca Wells Director 1.0 X 0 0 0 Robert Reynolds Director 1.0 X 0 0 0 Ryan Vaughn Director 1.0 X 0 0 0 Sebastian Smelko Director 1.0 X 0 0 0 Shawn Mulholland Director 1.0 X 0 0 0 Steve Johnson Director 1.0 X 0 0 0 Suzana Kovatch Director 1.0 X 0 0 0 Todd Taylor Director 1.0 X 0 0 0 William A Browne Jr Director (Past Chair) 1.0 X 0 0 0 Taylor Schaffer President and CEO 39.0 1.0 X 0 197220 5495 Timothy Boruff Vice President Finance & Operations 39.0 1.0 X 0 142520 1000 0 339740 6495 0 false true false 0 2003359 299261 2302620 0 0 0 0 0 154593 154593 18000 18000 0 18000 18000 1492683 1303669 189014 0 189014 189014 Miscellaneous 900099 1622 1622 0 0 0 0 1622 2665849 1622 0 361607 34515 34515 0 0 0 0 DOWNTOWN SAFETY AND CLEANING 1995455 1995455 DOWNTOWN MANAGEMENT SERVICES 589825 589825 DOWNTOWN SPECIAL PROJECTS 408231 408231 MISCELLANEOUS 421 421 0 0 0 0 3028447 3028447 0 0 65704 159070 995412 1159681 0 0 0 0 7778 1409 9691094 1028561 8969588 8662533 4534242 4604747 0 0 2110716 2285716 16683440 16873156 309591 731763 229034 157817 0 0 0 0 538625 889580 X 15435151 15293428 709664 690148 16144815 15983576 16683440 16873156 -362598 201359 0 X false true true false X 655567 422623 669511 2832571 2302620 6882892 0 0 655567 422623 669511 2832571 2302620 6882892 0 6882892 99620 147255 148053 144334 172593 711855 0 0 1149 1512 3000 4461 1622 11744 7606491 0 0.90487 0.8693 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISCELLANEOUS, COLUMN A - 1149.0, COLUMN B - 1512.0, COLUMN C - 3000.0, COLUMN D - 4461.0, COLUMN E - 1622.0, COLUMN F - 11744.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7850000 201282 7648718 1841094 827279 1013815 8662533 Due From IDMI 2285716 2285716 Federal Income Taxes Deferred Rent & Lease Incentives Due to Indianapolis Downtown Marketing, Inc 0 X 0 0 0 0 0 0 0 0 0 0 0 0 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. false false false false false false false false false Taylor Schaffer President and CEO 0 197220 0 0 0 0 0 1498 0 3997 0 202715 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 11b Review of form 990 by governing body THE ACCOUNTING MANAGER AND VICE PRESIDENT OF FINANCE AND OPERATIONS, WORK CLOSELY WITH AN OUTSIDE CPA FIRM TO COMPLETE THE FORM 990. UPON COMPLETION, THE FORM 990 IS SENT TO ALL BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING. 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