Civic Intelligence

Martin Luther King Multi-Service Center Indianapolis Incorporated

990 • Fiscal year 2020 • EIN 23-7415846

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 09, 2021

40 West 40th StreetIndianapolis, IN 46208

(317) 923-4581

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.06x

Higher debt load relative to assets than 43% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

37th percentile

0.07x

Higher debt load relative to revenue than 37% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

83rd percentile

33%

Higher net margin than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

56th percentile

$72,509

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

85th percentile

48%

Faster asset growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

87th percentile

54%

Faster revenue growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,944,213

Up $632,761 (+48%) from 2019

Net Assets

Up

$1,823,783

Up $570,174 (+45%) from 2019

Liabilities

Up

$120,430

Up $62,587 (+108%) from 2019

Revenue

Up

$1,751,963

Up $616,544 (+54%) from 2019

Expenses

Up

$1,181,788

Up $70,801 (+6.4%) from 2019

Net Income

Up

$570,175

Up $545,743 (+2234%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $1,690,242Liabilities 2010: $97,697Net Assets 2010: $1,592,5452010Assets 2016: $1,116,976Liabilities 2016: $68,973Net Assets 2016: $1,048,0032016Assets 2017: $1,082,123Liabilities 2017: $22,581Net Assets 2017: $1,059,5422017Assets 2018: $1,275,293Liabilities 2018: $46,116Net Assets 2018: $1,229,1772018Assets 2019: $1,311,452Liabilities 2019: $57,843Net Assets 2019: $1,253,6092019Assets 2020: $1,944,213Liabilities 2020: $120,430Net Assets 2020: $1,823,7832020Assets 2021: $4,834,546Liabilities 2021: $420,490Net Assets 2021: $4,414,0562021Assets 2022: $6,458,276Liabilities 2022: $268,779Net Assets 2022: $6,189,4972022Assets 2023: $12,081,406Liabilities 2023: $173,717Net Assets 2023: $11,907,6892023Assets 2024: $12,424,227Liabilities 2024: $204,742Net Assets 2024: $12,219,4852024

Highlighted filing

2020

Assets$1,944,213
Liabilities$120,430
Net Assets$1,823,783

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $706,2312010Revenue 2016: $409,059Expenses 2016: $460,344Net Income 2016: -$51,2852016Revenue 2017: $698,231Expenses 2017: $686,692Net Income 2017: $11,5392017Revenue 2018: $1,113,456Expenses 2018: $943,821Net Income 2018: $169,6352018Revenue 2019: $1,135,419Expenses 2019: $1,110,987Net Income 2019: $24,4322019Revenue 2020: $1,751,963Expenses 2020: $1,181,788Net Income 2020: $570,1752020Revenue 2021: $4,461,315Expenses 2021: $1,871,042Net Income 2021: $2,590,2732021Revenue 2022: $3,976,008Expenses 2022: $2,200,567Net Income 2022: $1,775,4412022Revenue 2023: $8,624,254Expenses 2023: $2,906,062Net Income 2023: $5,718,1922023Revenue 2024: $3,636,862Expenses 2024: $3,600,886Net Income 2024: $35,9762024

Highlighted filing

2020

Revenue$1,751,963
Expenses$1,181,788
Net Income$570,175
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 9, 2021
Return Version
2019v5.0
Gross Receipts
$1,756,332
Mission and Program Overview

Mission

The mission of the martin luther king community center is to create a meaningful impact on the lives of those we serve through quality programs focused primarily on youth, seniors, and families.

The mission of the martin luther king community center is to create a meaningful impact on the lives of those we serve through quality programs focused primarily on youth,seniors, and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,040,970$1,092,738▲ $51,768
Cash and Non-Interest-Bearing Accounts$206,150$745,189▲ $539,039
Pledges and Grants Receivable$52,492$106,286▲ $53,794
Prepaid Expenses and Deferred Charges$8,240--
Total Assets$1,311,452$1,944,213▲ $632,761
Other Assets Total$3,600--
Liabilities
Unsecured Notes Loans Payable-$82,700-
Accounts Payable and Accrued Expenses$53,796$30,484▼ $23,312
Other Liabilities$4,048$7,246▲ $3,198
Total Liabilities$57,844$120,430▲ $62,586
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,128,261$1,238,131▲ $109,870
Net Assets With Donor Restrictions$125,347$585,652▲ $460,305
Total Net Assets Fund Balance$1,253,608$1,823,783▲ $570,175
Total Liabilities and Net Assets / Fund Balance$1,311,452$1,944,213▲ $632,761

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$506,033$563,970$1,070,003
Buildings$190,647$250,931$441,578
Land$218,672-$218,672
Other Land Buildings$156,145$23,865$180,010
Equipment$21,241$157,826$179,067
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Allison LutheExecutive DiFT$72,509$72,509

Board Members and Trustees

NameTitle
Devin ThomasPresident
Dana HarrisonDirector
Jeff CheesmanDirector
Lisa MimsDirector
Rachel StevensDirector
Regina MajorsDirector
Ryan PuckettDirector
Siobhan Mcevoy-levyDirector
Steven StreetDirector
Alli EmhardtSecretary
Rick PowisTreasurer
Evelyn Ridley-turnerVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,711,777
Program Service Revenue
$15,486
Investment Income
$429
Other Revenue
$24,271
All Other Contributions
$1,064,170
Change in Net Assets
$570,175

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Cars and Other Vehicles1$110,120
Total Noncash Contributions1$110,120

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,751,963
Total Revenue per Audited Statements
$1,751,963
Total Revenue per Form 990
$1,751,963
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$710,244
Salaries, Compensation, and Employee Benefits$471,544
Total Fundraising Expense$44,955
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$304,134$54,546-$358,680
Fees for Services Other$144,357$2,855-$147,212
Current Officers, Directors, Trustees, and Key Employees$72,509--$72,509
Depreciation Depletion$50,907$7,444-$58,351
Occupancy$39,545$4,171-$43,716
Payroll Taxes$39,807$548-$40,355
All Other Expenses$22,854$7,777-$30,631
Other Expenses$25,236$2,804$44,955$28,040
Insurance$21,595$2,400-$23,995
Travel$4,020$2,198-$6,218
Office Expenses$575$3,096-$3,671
Conferences and Meetings$862$2,501-$3,363
Total Functional Expenses$1,036,005$100,828$44,955$1,181,788

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,181,788
Total Expenses per Audited Statements$1,181,788
Total Expenses per Form 990$1,181,788
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$28,640
Fundraising Direct Expenses$4,369
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Eve$28,640$28,640$4,369$24,271
Total Events$28,640$28,640$4,369$24,271
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$7,246
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Entire return was distributed to each board member for review. Board members then voted approval of the return as presented.

Form 990, Page 6, Part VI, Line 15A

Executive committee sets salaries.

Form 990, Page 6, Part VI, Line 15B

Executive committee sets salaries.

Form 990, Page 6, Part VI, Line 19

Policies and governing documents are not published, but are available on request. Some financial information is included in written materials issued by the center. The accountant's audit report is available on request.

Filing and Contact Details

Filer

Filer Name
Martin Luther King Multi-service
EIN
23-7415846
Phone
3179234581
Address
40 WEST 40TH STREET, INDIANAPOLIS, IN 46208
Doing Business As
Martin Luther King Community Center

Signing Officer

Name
Devin Thomas
Title
President
Phone
3179234581
Signed
2021-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Devin Thomas
Formed
1981
Legal Domicile
In
Voting Board Members
12
Independent Board Members
12
Employees
14
Volunteers
180

Preparer

Firm
Cox Beckman Goss & Company
Address
6612 E 75TH STREET SUITE 300, INDIANAPOLIS, IN 46250
Preparer
David R Goss CPA
Phone
3175450845
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees 144,357 2,855 0

Financial Statement Notes

Schedule D, Page 4, Part XIII

Part x - fin 48 footnote the organization is subject to audit by federal, state or local authorities in the areas of income taxes. Along with a federal tax filing, the organization files in the state of indiana. The organization's federal and state income tax returns for 2018 through 2020 are subject to examination by the applicable tax authorities, generally for three years after the later of the original or extended due date. These audits could include questioning the organization's tax exempt status and compliance with federal, state, and local tax laws and potential unrelated business income tax. Management is not aware of any tax positions that are more likely than not to change in the next twelve months or that would not sustain an examination by applicable taxing authorities. Therefore, there is no effect recorded in these financial statments for assets or liabilities resulting from unrecognized tax benefits. The organization's policy is to recognize penalties and interest as incurred in the statement of activities, which totaled 0 for the year ended june 30, 2020.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X - FIN 48 FOOTNOTE THE ORGANIZATION IS SUBJECT TO AUDIT BY FEDERAL, STATE OR LOCAL AUTHORITIES IN THE AREAS OF INCOME TAXES. ALONG WITH A FEDERAL TAX FILING, THE ORGANIZATION FILES IN THE STATE OF INDIANA. THE ORGANIZATION'S FEDERAL AND STATE INCOME TAX RETURNS FOR 2018 THROUGH 2020 ARE SUBJECT TO EXAMINATION BY THE APPLICABLE TAX AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE. THESE AUDITS COULD INCLUDE QUESTIONING THE ORGANIZATION'S TAX EXEMPT STATUS AND COMPLIANCE WITH FEDERAL, STATE, AND LOCAL TAX LAWS AND POTENTIAL UNRELATED BUSINESS INCOME TAX. MANAGEMENT IS NOT AWARE OF ANY TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO CHANGE IN THE NEXT TWELVE MONTHS OR THAT WOULD NOT SUSTAIN AN EXAMINATION BY APPLICABLE TAXING AUTHORITIES. THEREFORE, THERE IS NO EFFECT RECORDED IN THESE FINANCIAL STATMENTS FOR ASSETS OR LIABILITIES RESULTING FROM UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION'S POLICY IS TO RECOGNIZE PENALTIES AND INTEREST AS INCURRED IN THE STATEMENT OF ACTIVITIES, WHICH TOTALED 0 FOR THE YEAR ENDED JUNE 30, 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XIII
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ENTIRE RETURN WAS DISTRIBUTED TO EACH BOARD MEMBER FOR REVIEW. BOARD MEMBERS THEN VOTED APPROVAL OF THE RETURN AS PRESENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXECUTIVE COMMITTEE SETS SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE COMMITTEE SETS SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3POLICIES AND GOVERNING DOCUMENTS ARE NOT PUBLISHED, BUT ARE AVAILABLE ON REQUEST. SOME FINANCIAL INFORMATION IS INCLUDED IN WRITTEN MATERIALS ISSUED BY THE CENTER. THE ACCOUNTANT'S AUDIT REPORT IS AVAILABLE ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES 144,357 2,855 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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