Nonprofit · EIN 83-0524812
NEXUS IMPACT CENTER INC
Tax-exempt · INDIANAPOLIS, IN 46268
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $496,633 | $491,815 | $4,818 | $269,228 | $87,665 | $181,563 |
| December 31, 2023 | 990 | $551,181 | $553,603 | -$2,422 | $268,345 | $91,600 | $176,745 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $101,640
- Program service revenue
- $394,993
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $48,000
- Salaries, compensation and benefits (total)
- $59,632
- Professional fundraising fees
- $0
- Legal fees
- $500
- Occupancy
- $287,795
- Depreciation
- $8,383
- Program services (functional)
- $367,325
- Management and general (functional)
- $124,490
Balance sheet and other
- Total assets, start of year
- $268,345
- Total assets, end of year
- $269,228
- Total liabilities, end of year
- $87,665
- Net assets, end of year
- $181,563
- Land, buildings and equipment
- $128,018
- Net assets without donor restrictions
- $181,563
- Gross receipts
- $496,633
- Employees
- 1
- Volunteers
- 1
- Year formed
- 2018
- 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 |
|---|---|---|---|
| Justin Farrell | President & CEO Officer | 16 | $48,000 |
| Turner Lesnick | Vice President Officer | 2 | $0 |
| Julia Doffin | Secretary Officer | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robin Lee | Executive Director | 50 | $32,768 |
| Justin Farrell | Chairman Officer | 2 | $0 |
| Luke Edgerton | Vice Chairman Officer | 2 | $0 |
| Julia Doffin | Secretary Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 9511 ANGOLA CT STE 200, INDIANAPOLIS, IN 46268-3190
- Principal officer (990 for 2024)
- Justin Farrell, 9511 Angola Ct 200, Indianapolis, IN 46268
- Signed the 990
- Justin Farrell, Chairman
- Phone
- (317) 740-3965
- Website
- nexusimpactcenter.org
- Return prepared by
- Beyond Accounting LLC
Mission
The Nexus Impact Center unites, inspires and resources people to cultivate impact-driven business models. We work with both nonprofits and for-profit organizations providing like-minded community, economical space, advocacy for impact-based business models and support through connecting members to programs and resources.
Program accomplishments
- Shared space for start-ups, solopreneurs and freelancers to launch and grow their businesses. We averaged 100 active coworking members throughout 2024 who utilized the shared space and connected with the community. We helped connect many of them to resources and programs to keep their business going through the ongoing impact from the pandemic/inflation. Many of which found ways to continue to pivot and grow.Expenses $183,663 · revenue $114,946
- Economical space for impact-based businesses and nonprofits to work, meet and hold events. We had a 95% occupancy rate throughout 2024. Impact is through employment, product/services, giving and equitable supply chainsExpenses $183,662 · revenue $280,047
- Economical office amenities (mailbox, furniture rental) to lower barriers for impact-based businesses and nonprofits. We have sought to find the tools and services our members need and provide things like locked mailboxes, storage space and furniture for suites at a very low monthly cost so they can focus on their businesses
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
- 83-0524812
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X99)
- Assets (IRS master file)
- $269,228
- Income (IRS master file)
- $496,633
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $496,633 | $491,815 | $269,228 | XML |
| 990 | December 2023 | $551,181 | $553,603 | $268,345 | XML |
| 990 | December 2022 | $527,059 | $505,046 | $289,652 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 83-0524812).
Questions about NEXUS IMPACT CENTER INC
- What is the EIN of NEXUS IMPACT CENTER INC?
- The employer identification number (EIN) of NEXUS IMPACT CENTER INC is 83-0524812.
- Is NEXUS IMPACT CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to NEXUS IMPACT CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEXUS IMPACT CENTER 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 NEXUS IMPACT CENTER 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 NEXUS IMPACT CENTER 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 NEXUS IMPACT CENTER INC?
- The 990 for the year ended December 31, 2024 names Justin Farrell.
- Who are the officers and directors of NEXUS IMPACT CENTER INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $48,000 (Justin Farrell, President & CEO).
- How much revenue does NEXUS IMPACT CENTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $496,633, expenses of $491,815 and total assets of $269,228 at year end.
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