2024-05-09T15:32:46-05:00 2023-08-31 352123203 KSM BUSINESS SERVICES INC PO BOX 40857 INDIANAPOLIS IN 46240 990 2022-09-01 351088735 INDIANAPOLIS ART CENTER INC INDI 3172552464 820 EAST 67TH STREET INDIANAPOLIS IN 46220 MARK WILLIAMS PRES. AND EXEC. DIRECTOR 3172552464 2024-05-06 1 MARK WILLIAMS 999009999 0 CASSE TATE P01271193 3175802000 2024-05-06 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARK WILLIAMS 820 EAST 67TH STREET INDIANAPOLIS IN 46220 6308009 0 X WWW.INDPLSARTCENTER.ORG X 1961 IN THE MISSION OF THE INDIANAPOLIS ART CENTER IS TO INSPIRE CREATIVE EXPRESSION IN ALL PEOPLE. 23 23 211 600 0 0 1268765 2078504 1812691 1865454 451777 130482 24254 52802 3557487 4127242 0 0 0 0 1982204 2173508 0 0 435967 1575511 1872995 3557715 4046503 -228 80739 15508061 16196989 678929 888079 14829132 15308910 X THE MISSION OF THE INDIANAPOLIS ART CENTER IS TO INSPIRE CREATIVE EXPRESSION IN ALL PEOPLE. 0 0 1686459 1741002 EDUCATION, ART CLASSES, AND OUTREACH PROGRAMS: THE INDY ART CENTER PROMOTES LIFE-LONG LEARNING THROUGH HANDS-ON ART CLASSES, WORKSHOPS AND ART ACTIVITIES. PROGRAMS ARE DESIGNED TO SERVE A WIDE VARIETY OF AUDIENCES AND SKILL LEVELS, RANGING FROM BEGINNING TO ADVANCED STUDENTS, AGES 2 AND UP. EACH YEAR, THE ART CENTER OFFERS MORE THAN 1200 ART CLASSES AND PROGRAMS IN A VARIETY OF MEDIUMS INCLUDING DRAWING, PAINTING, CLAY, METALSMITHING, GLASS, WOODWORKING, PRINT MAKING, DIGITAL ARTS, PHOTOGRAPHY, VIDEO, SCULPTURE, TEXTILES AND MIXED MEDIA AS WELL AS VISITING ARTIST LECTURES, DEMOS AND WORKSHOPS. TO MEET THE DIVERSE NEEDS OF OUR COMMUNITY, THE ART CENTER OFFERS A WIDE VARIETY OF HANDS-ON ART EXPERIENCES INCLUDING TWO-HOUR SAMPLE CLASSES ("MAKE IT TAKE IT"), ONE TO THREE-DAY WORKSHOPS, AND CLASS PROGRAMMING RANGING FROM 4-15 WEEKS IN LENGTH. ANNUALLY, ART CENTER PROGRAMS SERVE APPROXIMATELY 8,000 PEOPLE. CLASSES ARE FEE-BASED; HOWEVER, TUITION ASSISTANCE IS AVAILABLE TO LOW-TO MIDDLE-INCOME FAMILIES, PEOPLE WITH DISABILITIES, AND VETERANS. CLASSES ARE PROGRAMMED BY THE ART CENTER'S EDUCATION DEPARTMENT AND 100+ MEMBER TEACHING ARTIST FACULTY BASED ON CURRENT TRENDS IN ARTS EDUCATION AND FEEDBACK FROM STUDENTS. ADDITIONALLY, THE ART CENTER PROVIDES PROGRAMMING AT SCHOOLS, ORGANIZATION PARTNERS, AND COMMUNITY CENTERS. 343538 44458 EXHIBITIONS: THE ART CENTER'S EXHIBITION PROGRAM PRESENTS UP TO 20 MAJOR ANNUAL CONTEMPORARY ART EXHIBITIONS IN SEVEN GALLERY SPACES. THESE 6-8 WEEKLONG EXHIBITIONS INCLUDE TWO ANNUAL EXHIBITIONS, A STUDENT SHOW AND A FACULTY SHOW, AS WELL AS CURATED AND JURIED EXHIBITIONS FOCUSING ON THE STATE OF CONTEMPORARY ART LOCALLY, REGIONALLY, AND NATIONALLY. THE ART CENTER HAS DEVELOPED A REPUTATION AS A STRONG CONTEMPORARY GALLERY AND STRIVES TO BRING COMPELLING WORK TO THE INDIANAPOLIS COMMUNITY THAT ENGAGES AND CHALLENGES THE MIND AND SPIRIT. IN ADDITION TO THE MAJOR EXHIBITIONS, THE ART CENTER MANAGES AUXILIARY STUDENT, OUTREACH AND COMMUNITY GALLERIES AS WELL AS A 9.5-ACRE SCULPTURE GARDEN ("ARTSPARK"). SEEKING TO ENGAGE MORE OF THE COMMUNITY, THE ART CENTER ACTIVELY PURSUES COLLABORATIONS WITH OTHER LOCAL ORGANIZATIONS TO INCREASE REACH, VISIBILITY, AND SCOPE. 687076 79994 COMMUNITY CELEBRATIONS: THE BROAD RIPPLE ART FAIR (BRAF): ESTABLISHED IN 1971, BRAF IS THE ART CENTER'S LARGEST 2-DAY PROGRAM AND KICKOFF TO INDIANAPOLIS' SUMMER FESTIVAL SEASON. AS INDIANA'S TOP NATIONALLY RANKED FAIR, BRAF ATTRACTS OVER 10,000 VISITORS, SHOWCASING 175+ PROFESSIONAL ARTISTS AND 30 EMERGING ARTISTS FROM ACROSS THE COUNTRY. BRAF FEATURES FREE CHILDREN'S ACTIVITIES, AN OPEN HOUSE AT THE ART CENTER, MUSICAL ENTERTAINMENT CURATED BY INDY JAZZ FEST, FOOD COURTS, AND CRAFT-BREWED BEER AND WINE. BRAF TAKES PLACE THE THIRD WEEKEND IN MAY ON THE GROUNDS OF THE ART CENTER. ALL PROCEEDS FROM BRAF DIRECTLY SUPPORT THE ART CENTER'S CORE PROGRAMS: EDUCATION, EXHIBITIONS, AND OUTREACH. 405999 OUTREACH PROGRAM: THESE PROGRAMS SERVE AS A CREATIVE ENVIRONMENT FOR INDIVIDUALS TO SHARE THEIR IDEAS, EXPLORE THEIR CURIOSITY, GROW THEIR CONFIDENCE, DEVELOP CREATIVE PROBLEM-SOLVING SKILLS, AND CELEBRATE THEIR ACCOMPLISHMENTS. SPECIFIC PROGRAMS INCLUDE ARTREACH, SENIOR ARTREACH, SMART, TEEN ART COUNCIL, ART TROOP, VETERANS ART DAY, AND ART BUS. 405999 3123072 1 1 0 0 0 0 0 1 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 31 0 1 211 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X MARK WILLIAMS 3172552464 820 EAST 67TH STREET INDIANAPOLIS IN 46220 MARK WILLIAMS PRESIDENT AND EXEC. DIRECT 50.00 X X 154615 0 6390 JERRY WILEY BOARD CHAIR 2.00 X X 0 0 0 JESSICA BRAND VICE CHAIR 2.00 X X 0 0 0 NIKKI ROGERS SECRETARY 2.00 X X 0 0 0 DAVID VONNEGUT-GABOVITCH TREASURER 2.00 X X 0 0 0 MANDE ADAMS BOARD MEMBER 1.00 X 0 0 0 CHRISTY BECKER BOARD MEMBER 1.00 X 0 0 0 JODY DEFORD BOARD MEMBER 1.00 X 0 0 0 MARCO DOMINGUEZ BOARD MEMBER 1.00 X 0 0 0 MALINDA ENNIS BOARD MEMBER 1.00 X 0 0 0 MARY MAXWELL BOARD MEMBER 1.00 X 0 0 0 MARY MCCONNELL BOARD MEMBER 1.00 X 0 0 0 DENISE MILLER BOARD MEMBER 1.00 X 0 0 0 SARAH PARKS BOARD MEMBER 1.00 X 0 0 0 NEWELL O PUGH JR BOARD MEMBER 1.00 X 0 0 0 REBECCA ROBINSON BOARD MEMBER 1.00 X 0 0 0 ANDY SAHM BOARD MEMBER 1.00 X 0 0 0 DIANE SEYBERT BOARD MEMBER 1.00 X 0 0 0 CHARLES SUTPHIN BOARD MEMBER 1.00 X 0 0 0 ASHLEY VUKOVITS BOARD MEMBER 1.00 X 0 0 0 MARTHA WENTWORTH BOARD MEMBER 1.00 X 0 0 0 TORI WEYERS BOARD MEMBER 1.00 X 0 0 0 DREW WHITE BOARD MEMBER 1.00 X 0 0 0 DON WOODLEY BOARD MEMBER 1.00 X 0 0 0 SUSAN R MEYER CHIEF FINANCIAL OFFICER TO 4/2023 50.00 X 88620 0 10070 ALLISON BADGERO VP OF DEVELOPMENT 40.00 X 108029 0 4686 351264 0 21146 2 0 1 0 0 39116 2039388 25054 2078504 EDUCATION 611600 1487465 1487465 ART FAIR 611600 250199 250199 OUTREACH 611600 79994 79994 EXHIBITIONS 611600 44458 44458 OTHER INCOME 900099 3338 3338 1865454 153625 153625 127154 74352 52802 52802 52802 2083272 2106415 -23143 -23143 -23143 4127242 1865454 0 183284 210853 174129 7650 29074 1683100 1467810 44845 170445 9274 7659 336 1279 135156 111617 4903 18636 135125 111590 4903 18632 60162 60162 26100 26100 54058 54058 365365 196019 62212 107134 195482 158805 15714 20963 47700 36831 7081 3788 61407 34139 19157 8111 300196 178808 101827 19561 5726 5039 486 201 25903 12265 5457 8181 376551 288477 67584 20490 PROGRAM EXPENSES 352975 338514 4989 9472 IN KIND EXPENSE 1370 1370 4046503 3123072 487464 435967 179652 174028 83037 78816 44509 803207 5787 37338 65292 68584 13256422 7558290 5934251 5698132 4739082 4804301 3017102 3033614 1439349 1498969 15508061 16196989 270684 335190 358245 353889 50000 199000 678929 888079 X 10149983 9266681 4679149 6042229 14829132 15308910 15508061 16196989 X 80739 339419 59620 X X 0 1 X 1 0 X 880587 1237536 1704274 1268765 2078504 7169666 1510880 895898 1275981 1812691 1865454 7360904 2391467 2133434 2980255 3081456 3943958 14530570 111035 288282 103046 65021 593750 1161134 0 111035 288282 103046 65021 593750 1161134 13369436 298473 199071 167679 248781 280779 1194783 298473 199071 167679 248781 280779 1194783 1760 960 2720 59981 59981 2751681 2333465 3147934 3330237 4224737 15788054 0.84680 0.84830 0.07570 0.08370 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS - 2018 AMOUNT: $ 54,559. INSURANCE PROCEEDS - OTHER INCOME - 2018 AMOUNT: $ 5,422. INVOLUNTARY CONVERSION - RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 706393 X X 1 6311609 19947 228819 157146 54058 6349171 7196721 -474799 348361 61952 6311609 6150424 1233329 128550 58482 7196721 6047548 308824 177714 28234 6150424 7774214 145230 1835225 36671 6047548 0.45323 0.43141 0.11536 1 0 943934 943934 11182342 6570291 4612051 990868 848721 142147 139278 139278 0 5698132 INVESTMENTS IN COMMUNITY FOUNDATION 3033614 F 3033614 WORKS OF ART 706393 BENEFICIAL INTEREST IN TRUSTS 792576 1498969 X 4604479 339419 57904 133972 531295 4073184 54058 54058 4127242 4124701 57904 74352 132256 3992445 54058 54058 4046503 PART III, LINE 4: SEVERAL SIGNIFICANT PIECES OF ART ARE ON DISPLAY AS PART OF THE ORGANIZATION'S COLLECTION. THEY SERVE TO ADD TO THE AESTHETIC BEAUTY OF THE ORGRANIZATION'S BUILDING AND GROUNDS AND ALSO PROVIDE INSPIRATION TO ARTISTS WORKING TODAY. PART V, LINE 4: THE ORGANIZATION HAS MULTIPLE ENDOWMENTS SUPPORTING GENERAL OPERATIONS, SCHOLARSHIPS, AND MAINTENANCE OF ITS 9.5-ACRE ARTSPARK. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE INTERNAL REVENUE CODE. IN ADDITION, THE ORGANIZATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME TAX DURING THE YEARS ENDED AUGUST 31, 2023 AND 2022. THE ORGANIZATION FILES U.S. FEDERAL AND STATE OF INDIANA INFORMATION AND TAX RETURNS. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2020. MANAGEMENT BELIEVES THAT THE ORGANIZATION'S INCOME TAX FILING POSITIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL TRUST INTEREST 59,620. RECLASSIFY RENTAL EXPENSES 74,352. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFY RENTAL EXPENSES 74,352. X X X 0 0 0 0 0 0 0 0 0 MARK WILLIAMS PRESIDENT AND EXEC. DIRECT 154615 0 0 0 0 0 3092 0 3298 0 161005 0 0 0 PART I, LINE 3 DETERMINATION OF COMPENSATION FOR THE PRESIDENT AND EXECUTIVE DIRECTOR IS HANDLED BY THE EXECUTIVE COMMITTEE. ANNUAL COMPENSATION IS DETERMINED BASED UPON ACHIEVEMENT OF GOALS AND MARKET COMPARISONS. THE COMPENSATION IS THEN APPROVED BY THE BOARD OF DIRECTORS, WHICH IS COMPOSED OF INDEPENDENT MEMBERS, ON AN ANNUAL BASIS AND DOCUMENTED IN MINUTES. X 1 23684 FAIR MARKET VALUE X STUDIO SUPPLIES/EQUIP 4 1370 PURCHASE PRICE 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS MADE UP OF THE BOARD CHAIR, VICE CHAIR(S), SECRETARY, TREASURER, AND OTHER MEMBERS APPOINTED BY THE BOARD CHAIR. THE EXECUTIVE COMMITTEE SHALL HAVE, AND MAY EXERCISE ALL POWERS OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND THEN REVIEWED AND APPROVED BY THE PRESIDENT, VICE PRESIDENT OF FINANCE, AND TREASURER OF THE BOARD, AS WELL AS THE BOARD FINANCE COMMITTEE. THE BOARD IS ALSO PROVIDED WITH A COPY OF THE FORM 990 FOR REVIEW PRIOR TO FILING IT WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST QUESTIONNAIRE, WHICH IS ALIGNED WITH THE POLICY, IS DISTRIBUTED TO THE BOARD, OFFICERS AND KEY EMPLOYEES ON AN ANNUAL BASIS. ALL FORMS ARE REVIEWED BY THE CEO FOR ANY POTENTIAL CONFLICTS AND MANAGED ON AN ONGOING BASIS. ANY POTENTIAL CONFLICTS INVOLVING THE BOARD ARE DISCUSSED WITH AND MANAGED BY THE BOARD CHAIR. FORM 990, PART VI, SECTION B, LINE 15 DETERMINATION OF COMPENSATION FOR THE PRESIDENT AND EXECUTIVE DIRECTOR IS HANDLED BY THE EXECUTIVE COMMITTEE. ANNUAL COMPENSATION IS DETERMINED BASED UPON ACHIEVEMENT OF GOALS AND MARKET COMPARISONS. THE COMPENSATION IS THEN APPROVED BY THE BOARD OF DIRECTORS, WHICH IS COMPOSED OF INDEPENDENT MEMBERS, ON AN ANNUAL BASIS AND DOCUMENTED IN MINUTES. COMPENSATION FOR ALL OTHER OFFICERS AND STAFF IS DETERMINED BY THE PRESIDENT AND EXECUTIVE DIRECTOR WITHIN THE PARAMETERS OF THE ANNUAL BUDGET THAT IS REVIEWED BY THE FINANCE COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND TAX RETURNS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN TRUST 59,620. PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.