Civic Intelligence

Speedway Trails Association

990 • Fiscal year 2024 • EIN 26-1080365

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 19, 2025

Organization Profilespeeewdaytrails.com
5046 W 13th StreetIndianapolis, IN 46224

(219) 765-5162

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

95th percentile

70%

Higher net margin than 95% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

1st percentile

-70%

Faster asset growth than 1% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

1000%

Faster revenue growth than 99% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets18th percentile

Assets

Down

$1,797,609

Down $4,137,690 (-70%) from 2023

Net Assets

Down

$1,797,609

Down $4,137,690 (-70%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin95th percentile

Revenue

Up

$1,327,647

Up $1,206,918 (+1000%) from 2023

Expenses

Up

$395,874

Up $295,554 (+295%) from 2023

Net Income

Up

$931,773

Up $911,364 (+4466%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $11,123Liabilities 2010: $0Net Assets 2010: $11,1232010Assets 2011: $11,896Liabilities 2011: $0Net Assets 2011: $11,8962011Assets 2013: $9,286Liabilities 2013: $0Net Assets 2013: $9,2862013Assets 2014: $24,606Liabilities 2014: $0Net Assets 2014: $24,6062014Assets 2015: $39,215Liabilities 2015: $0Net Assets 2015: $39,2152015Assets 2016: $41,703Liabilities 2016: $0Net Assets 2016: $41,7032016Assets 2020: $1,834,617Liabilities 2020: $0Net Assets 2020: $1,834,6172020Assets 2021: $1,520,276Liabilities 2021: $0Net Assets 2021: $1,520,2762021Assets 2022: $5,912,785Liabilities 2022: $0Net Assets 2022: $5,912,7852022Assets 2023: $5,935,299Liabilities 2023: $0Net Assets 2023: $5,935,2992023Assets 2024: $1,797,609Liabilities 2024: $0Net Assets 2024: $1,797,6092024Assets 2025: $2,404,968Liabilities 2025: $0Net Assets 2025: $2,404,9682025

Highlighted filing

2024

Assets$1,797,609
Liabilities$0
Net Assets$1,797,609
Open 2024 Filing

Operations Trend

Revenue Growth99th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $9,825Expenses 2010: $2,819Net Income 2010: $7,0062010Revenue 2011: $20,476Expenses 2011: $19,703Net Income 2011: $7732011Revenue 2013: $15,302Expenses 2013: $9,638Net Income 2013: $5,6642013Revenue 2014: $45,153Expenses 2014: $29,833Net Income 2014: $15,3202014Revenue 2015: $149,745Expenses 2015: $135,136Net Income 2015: $14,6092015Revenue 2016: $51,509Expenses 2016: $49,021Net Income 2016: $2,4882016Revenue 2020: $1,624,112Expenses 2020: $325,356Net Income 2020: $1,298,7562020Revenue 2021: $45,049Expenses 2021: $359,390Net Income 2021: -$314,3412021Revenue 2022: $4,721,550Expenses 2022: $329,041Net Income 2022: $4,392,5092022Revenue 2023: $120,729Expenses 2023: $100,320Net Income 2023: $20,4092023Revenue 2024: $1,327,647Expenses 2024: $395,874Net Income 2024: $931,7732024Revenue 2025: $755,083Expenses 2025: $147,730Net Income 2025: $607,3532025

Highlighted filing

2024

Revenue$1,327,647
Expenses$395,874
Net Income$931,773
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 19, 2025
Return Version
2024v5.0
Gross Receipts
$1,332,717
Mission and Program Overview

Mission

Speedway Trails Association's mission is to create a safe community trail system in the Town of Speedway, accessible for all - strollers to wheel chairs. The purpose of these trails is to connect neighbors, promote local businesses, improve the environment and provide for a healthy community.

Construct & promote walking trails in Indiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,819,047$1,087,606▼ $4,731,441
Cash and Non-Interest-Bearing Accounts$166,108$453,223▲ $287,115
Savings and Temporary Cash Investments$286,613$256,780▼ $29,833
Rtn Earn Endowment Incm Other Fnds-$0-
Total Assets$6,271,768$1,797,609▼ $4,474,159
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,136,559$1,620,004▼ $4,516,555
Net Assets Without Donor Restrictions$135,208$177,605▲ $42,397
Total Net Assets Fund Balance$6,271,767$1,797,609▼ $4,474,158
Total Liabilities and Net Assets / Fund Balance$6,271,767$1,797,609▼ $4,474,158

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,087,606--
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Logan PossonPresident
Beverly KatterhenryVice President
MIchelle LowryScretary
David SantelikTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
MAK Steel Services LLCconstruction of structural art for bridge on pedestrian trail1191 King Ave, Seymour, IN 47274$350,582
Morphey Constructiongeneral construction of pedestrian trail1499 N Sherman Dr, Indianapolis, IN 46201$313,079
Revenue and Support

Revenue Composition

Contributions and Grants
$1,261,390
Program Service Revenue
$0
Investment Income
$10,542
Other Revenue
$55,715
All Other Contributions
$325,860
Change in Net Assets
$931,773
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$395,874
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$350,582--$350,582
Fees for Services Legal$6,193--$6,193
Insurance$3,033--$3,033
Office Expenses$0$293-$293
Advertising$180--$180
Total Functional Expenses$395,581$293$0$395,874
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$60,785
Fundraising Direct Expenses$5,070
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Parking for Indy 500 & Brickyard 400$60,785$60,785$4,230$56,555
Event 2-$0-$0
Total Events$60,785$60,785$4,230$56,555
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 19

“Governing documents & financial records are available to public upon request.”

Filing and Contact Details

Filer

Filer Name
Speedway Trails Association
EIN
26-1080365
Phone
2197655162
Address
5046 W 13th Street, Indianapolis, IN 46224

Signing Officer

Name
David S Santelik
Title
Treasurer
Phone
2197655162
Signed
2025-04-19

Organization Details

Principal Officer
Logan Posson
Formed
2016
Legal Domicile
In
Voting Board Members
12
Independent Board Members
12
Employees
0
Supplemental Narrative

Additional Explanations

Schedule N

“Completed section of B&O Trail, near west from Michigan St to 10th St, was donated to City of Indianapolis on Sept 9, 2024”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Speedway Trails Association undertook the initiative to expand B&O Rail-Trail within Marion County, IN. Building west from Michigan St in the City of Indianapolis towards the Hendricks County line, 2.6-miles of asphalt have been added to the trail, along with a bridge of approximately 100 meters across Eagle Creek. Key partners in the project include Central Indiana Community Foundation, Town of Speedway, Indianapolis Parks Foundation, Allison Transmission, Wilcox Environmental Engineering, & Eskanazi Health. Through 2024, $5,993,542 has been spent on land acquisition, design & Engineering, and construction for this trail extension. Speedway Trails Association has been awarded a grant of $4,893,470 from State of Indiana's Next Level Trails program as primary funding for the project, with matching grants from the key partners listed along with Speedway Trails Association's own fundraising efforts. On September 9, 2024, the completed first phase of the trail (B&O Near West) was donated to City of Indianapolis; construction value $5,405,936. Work continues on construction for the western segment of this trail extension
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Governing documents & financial records are available to public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Completed section of B&O Trail, near west from Michigan St to 10th St, was donated to City of Indianapolis on Sept 9, 2024
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule N
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IRS990/TotalAssetsEOYAmt01797609
IRS990/TotalAssetsGrp/BOYAmt06271768
IRS990/TotalAssetsGrp/EOYAmt01797609
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01261390
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0293
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0395581
IRS990/TotalFunctionalExpensesGrp/TotalAmt0395874
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06271767
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01797609
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0687223
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010542
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01327647
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06271767
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01797609
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05104 McCray St
IRS990/USAddress/CityNm0Speedway
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046224
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0speeewdaytrails.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0David S Santelik
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02197655162
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPEEDWAY TRAILS ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0SPEE
ReturnHeader/Filer/EIN0261080365
ReturnHeader/Filer/PhoneNum02197655162
ReturnHeader/Filer/USAddress/AddressLine1Txt05046 W 13th Street
ReturnHeader/Filer/USAddress/CityNm0Indianapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046224
ReturnHeader/ReturnTs02025-04-20T01:52:27Z
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,797,609
Liabilities
$0
Net assets
$1,797,609
Revenue
$1,327,647
Expenses
$395,874
Net income
$931,773
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.40$0.00$2.40$0.76$0.15$0.61
2024Detailed filing. Detailed filing data is available for this year.$1.80$0.00$1.80$1.33$0.40$0.93
2023Detailed filing. Detailed filing data is available for this year.$5.94$0.00$5.94$0.12$0.10$0.02
2022Detailed filing. Detailed filing data is available for this year.$5.91$0.00$5.91$4.72$0.33$4.39
2021Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.52$0.05$0.36$0.31
2020Detailed filing. Detailed filing data is available for this year.$1.83$0.00$1.83$1.62$0.33$1.30
2016Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.05$0.05$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.15$0.14$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.05$0.03$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.02$0.01$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.02$0.02$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.01$0.00$0.01