Nonprofit · EIN 26-3831457
INDIANAPOLIS CULTURAL TRAIL INC
Tax-exempt (reinstated) · INDIANAPOLIS, IN 46204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,375,576 | $5,069,979 | -$2,694,403 | $25,653,317 | $1,035,839 | $24,617,478 |
| December 31, 2024 | 990 | $11,547,141 | $15,602,335 | -$4,055,194 | $28,094,771 | $1,190,892 | $26,903,879 |
| December 31, 2023 | 990 | $4,172,900 | $1,670,959 | $2,501,941 | $31,211,594 | $373,515 | $30,838,079 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,682,307
- Program service revenue
- $613,156
- Investment income
- $88,405
- Net gain from sales of assets
- -$223,016
- Net income from fundraising events
- -$33,349
- Other revenue
- -$8,292
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $218,204
- Other salaries and wages
- $874,238
- Salaries, compensation and benefits (total)
- $1,217,171
- Professional fundraising fees
- $0
- Legal fees
- $45,393
- Accounting fees
- $66,080
- Occupancy
- $24,993
- Travel
- $9,359
- Depreciation
- $725,906
- Program services (functional)
- $4,658,509
- Management and general (functional)
- $297,813
- Fundraising (functional)
- $113,657
Balance sheet and other
- Total assets, start of year
- $28,094,771
- Total assets, end of year
- $25,653,317
- Total liabilities, end of year
- $1,035,839
- Net assets, end of year
- $24,617,478
- Land, buildings and equipment
- $13,046,667
- Net assets without donor restrictions
- $17,328,397
- Net assets with donor restrictions
- $7,289,081
- Gross receipts
- $2,649,041
- Employees
- 25
- Volunteers
- 598
- Year formed
- 2008
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAREN HALEY | EXECUTIVE DIRECTOR Officer | 50 | $153,530 | $8,483 |
| REBECCA RIZZO | CFO Officer | 12 | $55,468 | $723 |
| KAREN SPATARO | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| CAMILLE BLUNT 1125 - 11725 | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOSH CHRISTIE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JOHN ANDREWS | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JIM BISESI | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| BILL BROWNE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PILAR CUADRA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TEDD GRAIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BEN GRANDE | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| ABBE HOHMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TAYLOR HUGHES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TARSIS LOPEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DANIEL PARKER | BOARD MEMBER/CITY Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIELLE PATTERSON MD | BOARD MEMBER Trustee or director | 1 | $0 |
| JASMIN WHITE | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK ZWOYER | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAREN HALEY | EXECUTIVE DIRECTOR Officer | 50 | $144,801 | $8,032 |
| REBECCA RIZZO | CFO Officer | 18 | $81,853 | $2,455 |
| KAREN SPATARO | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| CAMILLE BLUNT | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOSH CHRISTIE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JOHN ANDREWS | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JIM BISESI | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| PILAR CUADRA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TEDD GRAIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BEN GRANDE | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| TARSIS LOPEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VON LOVAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICK MURPHY | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| DAWN OLSON | YP BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| DANIEL PARKER | BOARD MEMBER/CITY Trustee or director | 1 | $0 | $0 |
| DANIELLE PATTERSON MD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JASMIN WHITE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK ZWOYER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAREN HALEY | EXECUTIVE DIRECTOR Officer | 50 | $137,350 | $7,476 |
| REBECCA RIZZO | CFO Officer | 17.3 | $75,825 | $2,989 |
| PATRICK MURPHY | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| KAREN SPATARO | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOHN ANDREWS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CAMILLE BLUNT | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JIM BISESI | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| MARK ZWOYER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAN PARKER | BOARD MEMBER/CITY Trustee or director | 1 | $0 | $0 |
| BEN GRANDE | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| KATE LEISER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DANIELLE PATTERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VON LOVAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PORTIA BAILY BERNARD | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| JOSH CHRISTIE | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| TEDD GRAIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHARAN MANN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATT WAWERU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 132 W WALNUT ST, INDIANAPOLIS, IN 46204-1248
- In care of
- % KAREN HALEY
- Principal officer (990 for 2025)
- KAREN HALEY, 132 W WALNUT STREET, INDIANAPOLIS, IN 46204
- Signed the 990
- KAREN HALEY, EXECUTIVE DIRECTOR
- Phone
- (317) 653-1948
- Website
- WWW.INDYCULTURALTRAIL.ORG
- Return prepared by
- BLUE & CO LLC
Mission
INDIANAPOLIS CULTURAL TRAIL INC. CREATES, INSPIRES, AND SUSTAINS CONNECTIONS AND CULTURAL EXPERIENCES THAT ARE ACCESSIBLE FOR ALL.
Program accomplishments
- INDIANAPOLIS CULTURAL TRAIL INC. CREATES, INSPIRES, AND SUSTAINS CONNECTIONS AND CULTURAL EXPERIENCES THAT ARE ACCESSIBLE FOR ALL. THE INDIANAPOLIS CULTURAL TRAIL IS BOTH A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION AND A WORLD-CLASS, INTERNATIONALLY RECOGNIZED LINEAR PARK: THE INDIANAPOLIS CULTURAL TRAIL: A LEGACY OF GENE AND MARILYN GLICK. THE CULTURAL TRAIL INCLUDES BEAUTIFUL GARDENS, ALMOST 1,000 TREES AND A DYNAMIC PUBLIC ART COLLECTION IN ADDITION TO PROVIDING CULTURAL AND WELLNESS PROGRAMMING FOR THE COMMUNITY.Expenses $3,571,689 · revenue $379,337
- THE INDIANA PACERS BIKESHARE PROGRAM HAS 50 STATIONS LOCATED ON OR NEAR THE INDIANAPOLIS CULTURAL TRAIL: A LEGACY OF GENE & MARILYN GLICK. THIS ALLOWS INDIANAPOLIS CULTURAL TRAIL, INC. TO PROVIDE PUBLICLY ACCESSIBLE BIKES FOR PEOPLE TO USE TO EXPERIENCE THE INDIANAPOLIS CULTURAL TRAIL.Expenses $1,086,820 · revenue $258,876
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-3831457
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $25,653,317
- Income (IRS master file)
- $2,649,041
Revocation and reinstatement
- Exemption revoked
- May 15, 2011
- Posted by the IRS
- June 11, 2012
- Reinstated
- Effective May 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,375,576 | $5,069,979 | $25,653,317 | XML |
| 990 | December 2024 | $11,547,141 | $15,602,335 | $28,094,771 | XML |
| 990 | December 2023 | $4,172,900 | $1,670,959 | $31,211,594 | XML |
| 990 | December 2022 | $1,939,191 | $1,508,346 | $32,832,786 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-3831457).
Questions about INDIANAPOLIS CULTURAL TRAIL INC
- What is the EIN of INDIANAPOLIS CULTURAL TRAIL INC?
- The employer identification number (EIN) of INDIANAPOLIS CULTURAL TRAIL INC is 26-3831457.
- Is INDIANAPOLIS CULTURAL TRAIL INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2011 and reinstated it effective May 15, 2011.
- Are donations to INDIANAPOLIS CULTURAL TRAIL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does INDIANAPOLIS CULTURAL TRAIL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDIANAPOLIS CULTURAL TRAIL INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDIANAPOLIS CULTURAL TRAIL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of INDIANAPOLIS CULTURAL TRAIL INC?
- The 990 for the year ended December 31, 2025 names KAREN HALEY.
- Who are the officers and directors of INDIANAPOLIS CULTURAL TRAIL INC?
- The 990 for the year ended December 31, 2025 lists 18 people; 2 received compensation from the organization, the highest $153,530 (KAREN HALEY, EXECUTIVE DIRECTOR).
- How much revenue does INDIANAPOLIS CULTURAL TRAIL INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,375,576, expenses of $5,069,979 and total assets of $25,653,317 at year end.
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