Civic Intelligence

Visit Indy Inc

990 • Fiscal year 2024 • EIN 35-0413010

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 14, 2025

Organization ProfileWWW.VISITINDY.COM

View Organization Page

200 South Capitol Avenue 300Indianapolis, IN 46225

(317) 262-3000

Siviq Scores

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

Liabilities / Assets

46th percentile

0.20x

Higher debt load relative to assets than 46% of similar nonprofits.

2024 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.23x

Higher debt load relative to revenue than 33% of similar nonprofits.

2024 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2024

Net Margin

54th percentile

6.1%

Higher net margin than 54% of similar nonprofits.

2024 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$919,371

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2024 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2024

Asset Growth

61st percentile

8.2%

Faster asset growth than 61% of similar nonprofits.

2024 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

15%

Faster revenue growth than 73% of similar nonprofits.

2024 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$21,440,351

Up $3,434,524 (+19%) from 2022

Net Assets

Up

$17,061,674

Up $2,930,323 (+21%) from 2022

Liabilities

Up

$4,378,677

Up $504,201 (+13%) from 2022

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin54th percentile

Revenue

Up

$18,794,803

Up $2,574,567 (+16%) from 2022

Expenses

Up

$17,641,049

Up $3,318,031 (+23%) from 2022

Net Income

Down

$1,153,754

Down $743,464 (-39%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$30M$20M$10M$0Assets 2010: $8,485,573Liabilities 2010: $2,027,003Net Assets 2010: $6,458,5702010Assets 2011: $9,643,820Liabilities 2011: $2,533,515Net Assets 2011: $7,110,3052011Assets 2013: $10,132,153Liabilities 2013: $3,378,416Net Assets 2013: $6,753,7372013Assets 2014: $8,365,080Liabilities 2014: $2,169,317Net Assets 2014: $6,195,7632014Assets 2015: $10,901,047Liabilities 2015: $4,718,610Net Assets 2015: $6,182,4372015Assets 2016: $10,579,662Liabilities 2016: $3,915,820Net Assets 2016: $6,663,8422016Assets 2017: $11,399,862Liabilities 2017: $3,752,395Net Assets 2017: $7,647,4672017Assets 2018: $11,183,350Liabilities 2018: $3,673,074Net Assets 2018: $7,510,2762018Assets 2019: $12,575,935Liabilities 2019: $3,226,729Net Assets 2019: $9,349,2062019Assets 2022: $18,005,827Liabilities 2022: $3,874,476Net Assets 2022: $14,131,3512022Assets 2024: $21,440,351Liabilities 2024: $4,378,677Net Assets 2024: $17,061,6742024

Highlighted filing

2024

Assets$21,440,351
Liabilities$4,378,677
Net Assets$17,061,674
Open 2024 Filing

Operations Trend

Revenue Growth73rd percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $13,325,2862010Expenses 2011: $12,902,1472011Revenue 2013: $13,610,666Expenses 2013: $12,603,434Net Income 2013: $1,007,2322013Revenue 2014: $12,685,496Expenses 2014: $13,267,354Net Income 2014: -$581,8582014Revenue 2015: $13,832,983Expenses 2015: $13,681,423Net Income 2015: $151,5602015Revenue 2016: $14,107,622Expenses 2016: $13,795,008Net Income 2016: $312,6142016Revenue 2017: $14,940,279Expenses 2017: $14,490,792Net Income 2017: $449,4872017Revenue 2018: $16,139,161Expenses 2018: $15,679,614Net Income 2018: $459,5472018Revenue 2019: $15,794,028Expenses 2019: $14,755,488Net Income 2019: $1,038,5402019Revenue 2022: $16,220,236Expenses 2022: $14,323,018Net Income 2022: $1,897,2182022Revenue 2024: $18,794,803Expenses 2024: $17,641,049Net Income 2024: $1,153,7542024

Highlighted filing

2024

Revenue$18,794,803
Expenses$17,641,049
Net Income$1,153,754
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$19,483,926
Mission and Program Overview

Mission

Advance indianapolis tourism and economic growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$9,003,732$10,089,740▲ $1,086,008
Investments in Publicly Traded Securities$8,910,344$9,245,087▲ $334,743
Accounts Receivable$1,013,563$986,109▼ $27,454
Land, Buildings, and Equipment, Net$618,067$724,204▲ $106,137
Prepaid Expenses and Deferred Charges$186,074$294,097▲ $108,023
Total Assets$19,814,577$21,440,351▲ $1,625,774
Other Assets Total$82,797$101,114▲ $18,317
Liabilities
Accounts Payable and Accrued Expenses$3,642,519$4,100,825▲ $458,306
Deferred Revenue$162,946$185,319▲ $22,373
Other Liabilities$194,973$92,533▼ $102,440
Total Liabilities$4,000,438$4,378,677▲ $378,239
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,814,139$17,061,674▲ $1,247,535
Total Net Assets Fund Balance$15,814,139$17,061,674▲ $1,247,535
Total Liabilities and Net Assets / Fund Balance$19,814,577$21,440,351▲ $1,625,774

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$724,204$1,809,356$2,533,560
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Leonard HoopsPresident & CEOFT$508,438$410,933$919,371
Christopher GahlExec. VP and Chief MarketiFT$262,724$182,097$444,821
James WallisExec. VP and Chief operatiFT$295,762$126,650$422,412
Daren KingiSVP and Chief Sales OfficeFT$269,651$150,055$419,706
Susan TownsendSVP & Chief destination exFT$205,365$123,007$328,372
Matthew B CarterVP & Chief destination expPT$214,003$100,949$314,952
Joyce RussellSenior Director of SalesFT$144,481$61,601$206,082
Minerva GarciaSenior National Account DirectorFT$109,617$93,662$203,279
Jeff RobinsonManaging Director of MarketingFT$140,807$55,980$196,787
Kenneth HemsleySR National Account DirectorFT$114,026$55,402$169,428
Michele CoffeySenior Director of Finance and OperationsFT$142,313$9,323$151,636
Michele CoffeySenior Director of Finance and Opera-$137,629$14,007$151,636

Board Members and Trustees

NameTitle
Michael G BrowningChair
Sarah HempsteadVice Chair-Tourism Tomorro
Alice WatsonBoard Member
Ann LathropBoard Member
Carrie AbbottBoard Member
Cynthia CardonaBoard Member
Dave KinardBoard Member
Dave SibleyBoard Member
Dr Rob ShumakerBoard Member
Gregory L WilsonBoard Member
James E Dora JrBoard Member
Jody BlankenshipBoard Member
John FedericiBoard Member
Juan GonzalezBoard Member
Kristian StricklenBoard Member
Li Li LeungBoard Member
Mario MorrisBoard Member
Marla ThompsonBoard Member
Mike O'DonnellBoard Member
Pete WardBoard Member
Rob GerbitzBoard Member
Shannon StahleyBoard Member
Stephanie KimBoard Member
Tavonna Harris AskewBoard Member
Tom McGowanBoard Member
Andy MallonEx-Officio
Brian MoweryEx-Officio
Cindy HoyeEx-Officio
Dan ParkerEx-Officio
Jane JankowskiEx-Officio
Jennifer Pace RobinsonEx-Officio
Leroy RobinsonEx-Officio
Marci ReddickEx-Officio
Mario RodriguezEx-Officio
Matt MindrumEx-Officio
Patrick TaltyEx-Officio
Taylor SchafferEx-Officio
joe meltonex-Officio
Wm K McGowan JrLife Member
Mel RainesSecretary
Pat Early CPA CFPTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Pranger SolutionsBusiness Consulting1521 SKYE DRIVE, Independence, KY 41051$118,800
Revenue and Support

Revenue Composition

Contributions and Grants
$15,722,914
Program Service Revenue
$1,948,501
Investment Income
$1,123,388
Other Revenue
$0
All Other Contributions
$184,000
Change in Net Assets
$1,153,754

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,250,342
Revenue Not Reported on Financial Statements
$544,461
Revenue Not Reported on Form 990
$1,208,485
Other Revenue Adjustments
$453,440
Total Revenue per Audited Statements
$19,458,827
Total Revenue per Form 990
$18,794,803
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,383,170
Other Expenses$8,257,879
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,832,315
Current Officers, Directors, Trustees, and Key Employees---$2,431,754
Advertising---$1,842,843
Conferences and Meetings---$1,683,862
Other Employee Benefits---$1,039,776
Office Expenses---$864,522
Payments to Affiliates---$816,784
Pension Plan Contributions---$641,260
Payroll Taxes---$438,065
Depreciation Depletion---$229,807
Fees for Services Other---$229,804
Other Expenses---$163,457
All Other Expenses---$136,968
Fees for Service Investment Mgmnt Fees---$91,021
Travel---$63,239
Insurance---$59,851
Fees for Services Accounting---$57,386
Fees for Services Legal---$29,030
Occupancy---$26,837
Interest---$2,134
Total Functional Expenses$0$0$0$17,641,049

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$18,211,292
Total Expenses per Form 990$17,641,049
Expenses per Audited Statements$17,096,588
Expenses Not Reported on Form 990$1,114,704
Expenses Not Reported on Financial Statements$544,461
Other Expense Adjustments$453,440
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$83,898
Total Nondeductible Lobbying and Political Cost$83,898
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
mel rainesBoard Member and At-large Member of Executive CommiteeMel Raines, Board Member, Is the Senior Vp of Corporate Communications, Community Engagement & Facility Operations for Pacers Sports & Entertainment, Visit Indy Purchased Pacers Season Tickets for Business Entertainment and Promotional Purposes.No$43,500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$51,910
Intercompany Payable - TTI$36,457
Related Party Payable$4,166
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
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“Board Member Tom McGowan is the son of Life Director Bill McGowan. Tom McGowan also has a business relationship with Ex-Officio Board Member Andy Mallon.”

Form 990, Part VI, Section A, line 6

“Visit Indy partners with local business to help fullfil its mission to promote greater Indianapolis. Visit Indy partners pay annual dues to the organizaiton.”

Form 990, Part VI, Section B, line 11B

“The visit indy Management Team reviews the Form 990 that is prepared by visit indy's Independent Accountants. The 990 is provided to board members electronically for review prior to filing.”

Form 990, Part VI, Section B, line 12C

“Officers, Directors, and Key Employees are required to fill out a conflict of interest disclosure for each year.”

Form 990, Part VI, Section B, line 15

“The organization uses several methods for determining compensation, including a compensation committee, independent consultant, form 990 of other orgs, written employment contracts, and compensation surveys. The Board of Directors approves the CEO's salary.”

Form 990, Part VI, Section C, line 19

“All governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Visit Indy Inc
EIN
35-0413010
Phone
3172623000
Address
200 South Capitol Avenue 300, Indianapolis, IN 46225

Signing Officer

Name
James E Wallis
Title
Executive Vice President
Phone
3172628280
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James E Wallis
Formed
1932
Legal Domicile
In
Voting Board Members
27
Independent Board Members
26
Employees
76
Volunteers
41

Preparer

Firm
Barnes Dennig & Co LTD
Address
5342 W Vermont St, Indianapolis, IN 46224
Preparer
John W Keller CPA
Phone
3172412999
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The Audit Committee is responsible for the oversight of the audit and review of the audited financial statements. This review process has not changed from the prior year.”

Financial Statement Notes

Part XI, Line 4B - Other Adjustments:

“REIMBURSEMENT OF SHARED EXPENSES FROM CONTROLLED ENTITY 428,440. gain on disposal of fixed assets, grouped with expenses on financial stmts 25,000.”

Part XII, Line 4B - Other Adjustments:

“REIMBURSEMENT OF SHARED EXPENSES FROM CONTROLLED ENTITY 428,440. gain on disposal of fixed assets, grouped with expenses on financial stmts 25,000.”

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IRS990/Form990PartVIISectionAGrp/PersonNm0Mario Morris
IRS990/Form990PartVIISectionAGrp/PersonNm1Alice Watson
IRS990/Form990PartVIISectionAGrp/PersonNm2Pat Early CPA CFP
IRS990/Form990PartVIISectionAGrp/PersonNm3Taylor Schaffer
IRS990/Form990PartVIISectionAGrp/PersonNm4Leroy Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm5Mario Rodriguez
IRS990/Form990PartVIISectionAGrp/PersonNm6Jane Jankowski
IRS990/Form990PartVIISectionAGrp/PersonNm7Wm K McGowan Jr
IRS990/Form990PartVIISectionAGrp/PersonNm8Dave Sibley
IRS990/Form990PartVIISectionAGrp/PersonNm9Tavonna Harris Askew
IRS990/Form990PartVIISectionAGrp/PersonNm10James E Dora Jr
IRS990/Form990PartVIISectionAGrp/PersonNm11Gregory L Wilson
IRS990/Form990PartVIISectionAGrp/PersonNm12Tom McGowan
IRS990/Form990PartVIISectionAGrp/PersonNm13Marla Thompson
IRS990/Form990PartVIISectionAGrp/PersonNm14Mel Raines
IRS990/Form990PartVIISectionAGrp/PersonNm15Mike O'Donnell
IRS990/Form990PartVIISectionAGrp/PersonNm16Andy Mallon
IRS990/Form990PartVIISectionAGrp/PersonNm17Michael G Browning
IRS990/Form990PartVIISectionAGrp/PersonNm18Leonard Hoops
IRS990/Form990PartVIISectionAGrp/PersonNm19Jody Blankenship
IRS990/Form990PartVIISectionAGrp/PersonNm20Rob Gerbitz
IRS990/Form990PartVIISectionAGrp/PersonNm21Ann Lathrop
IRS990/Form990PartVIISectionAGrp/PersonNm22Cindy Hoye
IRS990/Form990PartVIISectionAGrp/PersonNm23Brian Mowery
IRS990/Form990PartVIISectionAGrp/PersonNm24Dr Rob Shumaker
IRS990/Form990PartVIISectionAGrp/PersonNm25Dan Parker
IRS990/Form990PartVIISectionAGrp/PersonNm26Sarah Hempstead
IRS990/Form990PartVIISectionAGrp/PersonNm27Matt Mindrum
IRS990/Form990PartVIISectionAGrp/PersonNm28Carrie Abbott
IRS990/Form990PartVIISectionAGrp/PersonNm29Juan Gonzalez
IRS990/Form990PartVIISectionAGrp/PersonNm30Li Li Leung
IRS990/Form990PartVIISectionAGrp/PersonNm31Patrick Talty
IRS990/Form990PartVIISectionAGrp/PersonNm32Cynthia Cardona
IRS990/Form990PartVIISectionAGrp/PersonNm33John Federici
IRS990/Form990PartVIISectionAGrp/PersonNm34Stephanie Kim
IRS990/Form990PartVIISectionAGrp/PersonNm35Dave Kinard
IRS990/Form990PartVIISectionAGrp/PersonNm36Marci Reddick
IRS990/Form990PartVIISectionAGrp/PersonNm37Jennifer Pace Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm38Shannon Stahley
IRS990/Form990PartVIISectionAGrp/PersonNm39Kristian Stricklen
IRS990/Form990PartVIISectionAGrp/PersonNm40Pete Ward
IRS990/Form990PartVIISectionAGrp/PersonNm41joe melton
IRS990/Form990PartVIISectionAGrp/PersonNm42Christopher Gahl
IRS990/Form990PartVIISectionAGrp/PersonNm43James Wallis
IRS990/Form990PartVIISectionAGrp/PersonNm44Matthew B Carter
IRS990/Form990PartVIISectionAGrp/PersonNm45Daren Kingi
IRS990/Form990PartVIISectionAGrp/PersonNm46Susan Townsend
IRS990/Form990PartVIISectionAGrp/PersonNm47Joyce Russell
IRS990/Form990PartVIISectionAGrp/PersonNm48Kenneth Hemsley
IRS990/Form990PartVIISectionAGrp/PersonNm49Minerva Garcia
IRS990/Form990PartVIISectionAGrp/PersonNm50Michele Coffey
IRS990/Form990PartVIISectionAGrp/PersonNm51Jeff Robinson
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Ex-Officio

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$21,440,351
Liabilities
$4,378,677
Net assets
$17,061,674
Revenue
$18,794,803
Expenses
$17,641,049
Net income
$1,153,754
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.4$4.38$17.1$18.8$17.6$1.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$3.87$14.1$16.2$14.3$1.90
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$3.23$9.35$15.8$14.8$1.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.2$3.67$7.51$16.1$15.7$0.46
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.4$3.75$7.65$14.9$14.5$0.45
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$3.92$6.66$14.1$13.8$0.31
2015Detailed filing. Detailed filing data is available for this year.$10.9$4.72$6.18$13.8$13.7$0.15
2014Detailed filing. Detailed filing data is available for this year.$8.37$2.17$6.20$12.7$13.3$0.58
2013Detailed filing. Detailed filing data is available for this year.$10.1$3.38$6.75$13.6$12.6$1.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.64$2.53$7.11$12.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.49$2.03$6.46$13.3
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)6 • $10M-$25M nonprofits