Nonprofit · EIN 35-1004320
500 FESTIVAL INC
Tax-exempt · INDIANAPOLIS, IN 46202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,210,110 | $6,381,083 | -$170,973 | $9,800,776 | $3,341,294 | $6,459,482 |
| June 30, 2024 | 990 | $5,936,069 | $6,023,830 | -$87,761 | $9,726,220 | $3,191,689 | $6,534,531 |
| June 30, 2023 | 990 | $5,677,601 | $5,427,853 | $249,748 | $7,179,179 | $715,767 | $6,463,412 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $958,185
- Membership dues
- $232,006
- Program service revenue
- $5,041,649
- Investment income
- $199,770
- Net gain from sales of assets
- $28,829
- Other revenue
- $10,506
Expenses
- Grants and similar amounts paid
- $51,000
- Compensation of officers, directors and key employees
- $1,010,305
- Other salaries and wages
- $832,291
- Salaries, compensation and benefits (total)
- $2,159,971
- Professional fundraising fees
- $0
- Accounting fees
- $29,600
- Occupancy
- $126,650
- Travel
- $13,462
- Depreciation
- $105,674
- Program services (functional)
- $5,294,167
- Management and general (functional)
- $391,728
- Fundraising (functional)
- $695,188
Balance sheet and other
- Total assets, start of year
- $9,726,220
- Total assets, end of year
- $9,800,776
- Total liabilities, end of year
- $3,341,294
- Net assets, end of year
- $6,459,482
- Land, buildings and equipment
- $1,108,386
- Publicly traded securities
- $3,175,507
- Net assets without donor restrictions
- $6,459,482
- Gross receipts
- $6,322,506
- Employees
- 22
- Volunteers
- 2,000
- Year formed
- 1956
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Robert C Bryant | President & CEO Officer | 40 | $444,559 | $81,282 |
| Jennifer Lowe | SVP Administration Officer | 40 | $176,796 | $40,504 |
| Lindsay H Labas | VP Marketing Highest-paid employee | 40 | $120,371 | $44,510 |
| Patrick J Merna | VP Strategic Partnerships Highest-paid employee | 40 | $106,738 | $13,815 |
| Christina Moungey | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Dr Jim Callaghan | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Roger Harvey | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Bali Heir | Director Trustee or director | 1 | $0 | $0 |
| Blake Schulz | Director Trustee or director | 1 | $0 | $0 |
| Bowman Elder | Director Trustee or director | 1 | $0 | $0 |
| Brandi Davis - Handy | Director Trustee or director | 1 | $0 | $0 |
| Casse Tate | Director Trustee or director | 1 | $0 | $0 |
| Cindy Morse | Director Trustee or director | 1 | $0 | $0 |
| Doug Boles | Director Trustee or director | 1 | $0 | $0 |
| Doug Heath | Director Trustee or director | 1 | $0 | $0 |
22 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Aleesia Johnson | Director Trustee or director | 1 | $0 |
| Dr Patrick McGill | Director Trustee or director | 1 | $0 |
| Ellen Saul | Director Trustee or director | 1 | $0 |
| Erik Miner | Director Trustee or director | 1 | $0 |
| Erik Skjodt | Director Trustee or director | 1 | $0 |
| Jack Goodpasture | Director Trustee or director | 1 | $0 |
| Jason Eckerle | Director Trustee or director | 1 | $0 |
| Jeff Harrison | Director Trustee or director | 1 | $0 |
| JJ Nelson | Director Trustee or director | 1 | $0 |
| John Gause | Director Trustee or director | 1 | $0 |
| Juan Gonzalez | Director Trustee or director | 1 | $0 |
| Kevin Speer | Director Trustee or director | 1 | $0 |
| Larry Jones | Director Trustee or director | 1 | $0 |
| Mike Boatright | Director Trustee or director | 1 | $0 |
| Nicole Paulk | Director Trustee or director | 1 | $0 |
| Patricio Daneri | Director Trustee or director | 1 | $0 |
| Roger VanDerSnick | Director Trustee or director | 1 | $0 |
| Ron Penczek | Director Trustee or director | 1 | $0 |
| Scott Bove | Director Trustee or director | 1 | $0 |
| Tom Kilian | Director Trustee or director | 1 | $0 |
| Travis Brown | Director Trustee or director | 1 | $0 |
| Troy Gilstorf | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT BRYANT | PRESIDENT & CEO Officer | 40 | $422,010 | $48,828 |
| JENNIFER LOWE | SVP ADMINISTRATION Officer | 40 | $170,449 | $28,643 |
| TRAVIS BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG HEATH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE BOATRIGHT | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DOUG BOLES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR JAMES CALLAGHAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DR PATRICK MCGILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIK MINER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICIO DANERI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHYLLIS BARKMAN FERRELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARAH FISHER O'GARA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUAN GONZALES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRANDI DAVIS-HANDY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINA MOUNGEY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JEFF HOLLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT BOVE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TROY GILSTORF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOWMAN ELDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARRY JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BALI HEIR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM KILIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN SPEER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICOLE PAULK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELLEN SAUL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL BECK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIO RODRIGUEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARA TAIT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN GAUSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF HARRISON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ROGER HARVEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR ALEESIA JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JJ NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROGER VANDERSNICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 35 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT BRYANT | PRESIDENT & CEO Officer | 40 | $413,972 | $46,385 |
| JENNIFER LOWE | SVP ADMINISTRATION Officer | 40 | $155,324 | $27,073 |
| STEVE ALONSO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG HEATH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE BOATRIGHT | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DOUG BOLES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR JAMES CALLAGHAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| PATRICK MCGILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIK MINER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRED DUFOUR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHYLLIS FERRELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARAH FISHER O'GARA | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JUAN GONZALES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARTY HILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINA MOUNGEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF HOLLEY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT BOVE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TROY GILSTORF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SYAM NAIR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN NALLI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BALI HEIR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN PASTOOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES POORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICOLE PAULK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELLEN SAUL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL BECK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIO RODRIGUEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARA TAIT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TANYA SEARCY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN GAUSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF HARRISON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROGER HARVEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEESIA JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JJ NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROGER VANDERSNICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1125 BROOKSIDE AVENUE, INDIANAPOLIS, IN 46202-3587
- In care of
- % JENNIFER LOWE
- Principal officer (990 for 2024)
- David Neff, 1125 Brookside Avenue B03, Indianapolis, IN 46202
- Signed the 990
- David Neff, President and CEO
- Phone
- (317) 927-3378
- Website
- www.500festival.com
- Return prepared by
- Barnes Dennig & Co LTD
Mission
The mission of the 500 Festival is to produce life-enriching events and programs that celebrate the spirit and legacy of the Indianapolis 500 and foster a positive impact on the city of Indianapolis and state of Indiana.
Program accomplishments
- The 500 Festival: Promote civic and community pride in Indianapolis by sponsoring and presenting events in connection with the annual Indianapolis 500 race. Included in the events are the 500 Festival parade, which is conducted annually before approximately 300,000 spectators, The 500 Festival Breakfast at the Brickyard, which brings together approximately 85 mayors from across the state of Indiana along with other community leaders, and the 500 festival mini marathon, a 13.1 mile footrace over the streets of Indianapolis which has approximately 35,000 participants.Expenses $5,294,167 · grants $51,000 · revenue $5,041,649
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1004320
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1960
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $9,800,776
- Income (IRS master file)
- $6,322,506
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,210,110 | $6,381,083 | $9,800,776 | IRS |
| 990 | June 2024 | $5,936,069 | $6,023,830 | $9,726,220 | IRS |
| 990 | June 2023 | $5,677,601 | $5,427,853 | $7,179,179 | XML |
| 990 | June 2022 | $5,772,745 | $5,188,240 | $6,763,861 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 35-1004320).
Questions about 500 FESTIVAL INC
- What is the EIN of 500 FESTIVAL INC?
- The employer identification number (EIN) of 500 FESTIVAL INC is 35-1004320.
- Is 500 FESTIVAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1960.
- Are donations to 500 FESTIVAL INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does 500 FESTIVAL 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 500 FESTIVAL INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 500 FESTIVAL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of 500 FESTIVAL INC?
- The 990 for the year ended June 30, 2025 names David Neff.
- Who are the officers and directors of 500 FESTIVAL INC?
- The 990 for the year ended June 30, 2025 lists 37 people; 4 received compensation from the organization, the highest $444,559 (Robert C Bryant, President & CEO).
- How much revenue does 500 FESTIVAL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,210,110, expenses of $6,381,083 and total assets of $9,800,776 at year end.
Other nonprofits in INDIANAPOLIS
- INDIANA UNIVERSITY HEALTH INC EIN 35-1955872 · last filed 990 for 2024
- LILLY ENDOWMENT INC EIN 35-0868122 · last filed 990-PF for 2025
- LILLY CARES FOUNDATION INC EIN 35-2027985 · last filed 990-PF for 2025
- RENAISSANCE CHARITABLE FOUNDATION INC EIN 35-2129262 · last filed 990 for 2024
- COMMUNITY HEALTH NETWORK INC EIN 35-0983617 · last filed 990 for 2024
- MDWISE MEDICAID NETWORK INC EIN 47-3192307 · last filed 990 for 2025
- MDWISE INC EIN 35-1931354 · last filed 990 for 2025
- NATIONAL COLLEGIATE ATHLETIC ASSOCIATION EIN 44-0567264 · last filed 990 for 2025