Nonprofit · EIN 35-1877771
INDIANAPOLIS DOWNTOWN INC
Tax-exempt · INDIANAPOLIS, IN 46204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,665,849 | $3,028,447 | -$362,598 | $16,873,156 | $889,580 | $15,983,576 |
| December 31, 2023 | 990 | $10,958,530 | $3,339,308 | $7,619,222 | $16,683,440 | $538,626 | $16,144,814 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,302,620
- of which government grants
- $2,003,359
- Program service revenue
- $0
- Investment income
- $343,607
- Net rental income
- $18,000
- Net gain from sales of assets
- $189,014
- Other revenue
- $19,622
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $3,028,447
Balance sheet and other
- Total assets, start of year
- $16,683,440
- Total assets, end of year
- $16,873,156
- Total liabilities, end of year
- $889,580
- Net assets, end of year
- $15,983,576
- Land, buildings and equipment
- $8,662,533
- Publicly traded securities
- $4,604,747
- Net assets without donor restrictions
- $15,293,428
- Net assets with donor restrictions
- $690,148
- Gross receipts
- $3,969,518
- Employees
- 0
- Volunteers
- 1,000
- Year formed
- 1993
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Taylor Schaffer | President and CEO Officer | 39 | $0 | $197,220 | $5,495 |
| Timothy Boruff | Vice President Finance & Operations Officer | 39 | $0 | $142,520 | $1,000 |
| Brittany Smith | Secretary of the Board Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Karen Burns | Treasurer of the Board Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Krista Skidmore | Chair of the Board Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Vop Osili | Vice Chair of the Board Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Adairius Gardner | Director Trustee or director | 1 | $0 | $0 | $0 |
| Amy Conrad Warner | Director Trustee or director | 1 | $0 | $0 | $0 |
| Amy Waggoner | Director Trustee or director | 1 | $0 | $0 | $0 |
| Andrew Buroker | Director Trustee or director | 1 | $0 | $0 | $0 |
| Andrew Insley | Director Trustee or director | 1 | $0 | $0 | $0 |
| Brian Burdick | Director Trustee or director | 1 | $0 | $0 | $0 |
| C Perry Griffith Jr | Director Trustee or director | 1 | $0 | $0 | $0 |
| Courtney Arango | Director Trustee or director | 1 | $0 | $0 | $0 |
| Craig Huse | Director Trustee or director | 1 | $0 | $0 | $0 |
33 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dennis Sponsel | Director Trustee or director | 1 | $0 |
| Diogo Rau | Director Trustee or director | 1 | $0 |
| Donald Bough | Director Trustee or director | 1 | $0 |
| Dr Lisa Harris | Director Trustee or director | 1 | $0 |
| Dr Rebecca Holwerda | Director Trustee or director | 1 | $0 |
| Eric Gershman | Director Trustee or director | 1 | $0 |
| Grace Findley | Director Trustee or director | 1 | $0 |
| Gregg Hiland | Director Trustee or director | 1 | $0 |
| Hope Williams | Director Trustee or director | 1 | $0 |
| J Albert Smith Jr | Director Trustee or director | 1 | $0 |
| Jake Oakman | Director Trustee or director | 1 | $0 |
| Janelle L Smagala | Director Trustee or director | 1 | $0 |
| Jeff Wheeler | Director Trustee or director | 1 | $0 |
| Jim Dora Jr | Director Trustee or director | 1 | $0 |
| Judith B Thomas | Director Trustee or director | 1 | $0 |
| Kalen Jackson | Director Trustee or director | 1 | $0 |
| Korlon Kilpatrick | Director Trustee or director | 1 | $0 |
| Leonard Hoops | Director Trustee or director | 1 | $0 |
| Matt Gabet | Director Trustee or director | 1 | $0 |
| Michael Wells | Director Trustee or director | 1 | $0 |
| Nadine Givens | Director Trustee or director | 1 | $0 |
| Nathan Brames | Director Trustee or director | 1 | $0 |
| Pete Ugo | Director Trustee or director | 1 | $0 |
| Portia Bailey | Director Trustee or director | 1 | $0 |
| Rebecca Wells | Director Trustee or director | 1 | $0 |
| Robert Reynolds | Director Trustee or director | 1 | $0 |
| Ryan Vaughn | Director Trustee or director | 1 | $0 |
| Sebastian Smelko | Director Trustee or director | 1 | $0 |
| Shawn Mulholland | Director Trustee or director | 1 | $0 |
| Steve Johnson | Director Trustee or director | 1 | $0 |
| Suzana Kovatch | Director Trustee or director | 1 | $0 |
| Todd Taylor | Director Trustee or director | 1 | $0 |
| William A Browne Jr | Director (Past Chair) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 48 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Taylor Schaffer | President and CEO Officer | 39 | $0 | $220,750 | $2,250 |
| Timothy Boruff | Vice President Finance & Operations Officer | 39 | $0 | $147,475 | $1,000 |
| Bob Schultz | Vice President (Through 9/23) Officer | 39 | $0 | $98,554 | $4,500 |
| Bill Browne | Chair of the Board Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Karen Burns | Treasurer of the Board Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Krista Skidmore | Secretary of the board Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Vop Osili | Vice Chair of the Board Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Adairius Gardner | Director Trustee or director | 1 | $0 | $0 | $0 |
| Amy Conrad Warner | Director Trustee or director | 1 | $0 | $0 | $0 |
| Amy Waggoner | Director Trustee or director | 1 | $0 | $0 | $0 |
| Andrew Buroker | Director Trustee or director | 1 | $0 | $0 | $0 |
| Andrew Insley | Director Trustee or director | 1 | $0 | $0 | $0 |
| Andrew Insley | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 | $0 |
| Brian Burdick | Director Trustee or director | 1 | $0 | $0 | $0 |
| Brittany Smith | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 | $0 |
| C Perry Griffith Jr | Director Trustee or director | 1 | $0 | $0 | $0 |
| Chuck Collins | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 | $0 |
| Courtney Arango | Director Trustee or director | 1 | $0 | $0 | $0 |
| Craig Huse | Director Trustee or director | 1 | $0 | $0 | $0 |
| Daryl Graham | Director Trustee or director | 1 | $0 | $0 | $0 |
| Dennis Sponsel | Director Trustee or director | 1 | $0 | $0 | $0 |
| Diogo Rau | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 | $0 |
| Donald Bough | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 | $0 |
| Dr Rebecca Holwerda | Director Trustee or director | 1 | $0 | $0 | $0 |
| Eric Gershman | Director Trustee or director | 1 | $0 | $0 | $0 |
| Gregg Hiland | Director Trustee or director | 1 | $0 | $0 | $0 |
| J Albert Smith Jr | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jake Oakman | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 | $0 |
| Janelle L Smagala | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jeff Wheeler | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jim Dora Jr | Director Trustee or director | 1 | $0 | $0 | $0 |
| Judith B Thomas | Director Trustee or director | 1 | $0 | $0 | $0 |
| Kalen Irsay Jackson | Director Trustee or director | 1 | $0 | $0 | $0 |
| Korlon Kilpatrick | Director Trustee or director | 1 | $0 | $0 | $0 |
| Kristian Andersen | Director Trustee or director | 1 | $0 | $0 | $0 |
| Leonard Hoops | Director Trustee or director | 1 | $0 | $0 | $0 |
| Lisa Harris | Director Trustee or director | 1 | $0 | $0 | $0 |
| Matt Gabet | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 | $0 |
| Michael Wells | Director Trustee or director | 1 | $0 | $0 | $0 |
| Nadine Givens | Director Trustee or director | 1 | $0 | $0 | $0 |
| Nathan Brames | Director Trustee or director | 1 | $0 | $0 | $0 |
| Rebecca Wells | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 | $0 |
| Robert Reynolds | Director Trustee or director | 1 | $0 | $0 | $0 |
| Sebastian Smelko | Director Trustee or director | 1 | $0 | $0 | $0 |
| Shawn Mulholland | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 | $0 |
| Suzana Kovatch | Director(Beginning 4/23) Trustee or director | 1 | $0 | $0 | $0 |
| Tanya Sovinski | Director Trustee or director | 1 | $0 | $0 | $0 |
| Todd Taylor | Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 111 MONUMENT CIR STE 250, INDIANAPOLIS, IN 46204-5173
- In care of
- % BANK ONE TOWER
- Principal officer (990 for 2024)
- TAYLOR SCHAFFER, 111 MONUMENT CIR 250, Indianapolis, IN 46204
- Signed the 990
- TIMOTHY BORUFF, VP OF FINANCE & OPERATIONS
- Phone
- (317) 237-2222
- Website
- www.downtownindy.org
- Return prepared by
- CROWE LLP
Mission
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.
Program accomplishments
- 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.Expenses $3,028,447 · revenue $1,622
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 | Not 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
- 35-1877771
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S200)
- Assets (IRS master file)
- $16,873,156
- Income (IRS master file)
- $3,969,518
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,665,849 | $3,028,447 | $16,873,156 | IRS |
| 990 | December 2023 | $10,958,530 | $3,339,308 | $16,683,440 | XML |
| 990 | December 2022 | $743,854 | $1,405,049 | $8,352,267 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 35-1877771).
Questions about INDIANAPOLIS DOWNTOWN INC
- What is the EIN of INDIANAPOLIS DOWNTOWN INC?
- The employer identification number (EIN) of INDIANAPOLIS DOWNTOWN INC is 35-1877771.
- Is INDIANAPOLIS DOWNTOWN INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to INDIANAPOLIS DOWNTOWN INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDIANAPOLIS DOWNTOWN 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 DOWNTOWN INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDIANAPOLIS DOWNTOWN INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INDIANAPOLIS DOWNTOWN INC?
- The 990 for the year ended December 31, 2024 names TAYLOR SCHAFFER.
- Who are the officers and directors of INDIANAPOLIS DOWNTOWN INC?
- The 990 for the year ended December 31, 2024 lists 48 people; 0 received compensation from the organization.
- How much revenue does INDIANAPOLIS DOWNTOWN INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,665,849, expenses of $3,028,447 and total assets of $16,873,156 at year end.
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All nonprofits in INDIANAPOLIS · Indiana · Community improvement and capacity building