Civic Intelligence

Indianapolis Zoological Society Inc

EIN 35-1074747 • 501(c)3 • Indianapolis, IN

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Profile

The indianapolis zoological society will empower people and communities, both locally and globally, to advance animal conservation.

Refreshing map…

1200 W Washington StIndianapolis, IN 46222

www.indyzoo.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

20th percentile

0.05x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

29th percentile

0.20x

Higher debt load relative to revenue than 29% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

79th percentile

23%

Higher net margin than 79% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

44th percentile

$436,619

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

60th percentile

8.0%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

15%

Faster revenue growth than 67% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$245,351,054

Up $34,733,184 (+16%) from 2022

Liabilities

Down

$11,298,298

Down $1,774,526 (-14%) from 2022

Net Assets

Up

$234,052,756

Up $36,507,710 (+18%) from 2022

Operations
Liabilities / Revenue29th percentileNet Margin79th percentile

Revenue

Up

$57,679,714

Up $15,494,955 (+37%) from 2022

Expenses

Up

$44,416,857

Up $8,474,568 (+24%) from 2022

Net Income

Up

$13,262,857

Up $7,020,387 (+112%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth60th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2010: $118,135,707Liabilities 2010: $3,400,164Net Assets 2010: $114,735,5432010Assets 2011: $123,422,875Liabilities 2011: $3,710,435Net Assets 2011: $119,712,4402011Assets 2012: $132,939,179Liabilities 2012: $4,021,149Net Assets 2012: $128,918,0302012Assets 2013: $142,626,913Liabilities 2013: $7,809,055Net Assets 2013: $134,817,8582013Assets 2014: $148,466,719Liabilities 2014: $3,717,805Net Assets 2014: $144,748,9142014Assets 2015: $154,952,752Liabilities 2015: $4,239,074Net Assets 2015: $150,713,6782015Assets 2016: $156,059,824Liabilities 2016: $5,359,591Net Assets 2016: $150,700,2332016Assets 2017: $160,809,047Liabilities 2017: $6,229,385Net Assets 2017: $154,579,6622017Assets 2018: $151,028,850Liabilities 2018: $5,711,990Net Assets 2018: $145,316,8602018Assets 2019: $174,028,184Liabilities 2019: $8,862,124Net Assets 2019: $165,166,0602019Assets 2022: $210,617,870Liabilities 2022: $13,072,824Net Assets 2022: $197,545,0462022Assets 2024: $245,351,054Liabilities 2024: $11,298,298Net Assets 2024: $234,052,7562024

Highlighted filing

2024

Assets$245,351,054
Liabilities$11,298,298
Net Assets$234,052,756
Open 2024 Filing

Operations Trend

Revenue Growth67th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $23,846,1302010Expenses 2011: $23,808,2512011Expenses 2012: $25,601,9842012Revenue 2013: $32,383,877Expenses 2013: $26,193,185Net Income 2013: $6,190,6922013Revenue 2014: $39,816,954Expenses 2014: $30,182,503Net Income 2014: $9,634,4512014Revenue 2015: $38,306,324Expenses 2015: $29,982,286Net Income 2015: $8,324,0382015Revenue 2016: $28,798,704Expenses 2016: $32,221,078Net Income 2016: -$3,422,3742016Revenue 2017: $31,126,208Expenses 2017: $32,985,416Net Income 2017: -$1,859,2082017Revenue 2018: $29,548,526Expenses 2018: $34,733,592Net Income 2018: -$5,185,0662018Revenue 2019: $46,518,850Expenses 2019: $36,011,430Net Income 2019: $10,507,4202019Revenue 2022: $42,184,759Expenses 2022: $35,942,289Net Income 2022: $6,242,4702022Revenue 2024: $57,679,714Expenses 2024: $44,416,857Net Income 2024: $13,262,8572024

Highlighted filing

2024

Revenue$57,679,714
Expenses$44,416,857
Net Income$13,262,857
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$245,351,054
Liabilities
$11,298,298
Net assets
$234,052,756
Revenue
$57,679,714
Expenses
$44,416,857
Net income
$13,262,857
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$245$11.3$234$57.7$44.4$13.3
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$211$13.1$198$42.2$35.9$6.24
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$174$8.86$165$46.5$36.0$10.5
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$151$5.71$145$29.5$34.7$5.19
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$161$6.23$155$31.1$33.0$1.86
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$156$5.36$151$28.8$32.2$3.42
2015Detailed filing. Detailed filing data is available for this year.$155$4.24$151$38.3$30.0$8.32
2014Detailed filing. Detailed filing data is available for this year.$148$3.72$145$39.8$30.2$9.63
2013Detailed filing. Detailed filing data is available for this year.$143$7.81$135$32.4$26.2$6.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$133$4.02$129$25.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$123$3.71$120$23.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$118$3.40$115$23.8
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 3, 2025
Return Version
2024v5.1
Gross Receipts
$63,689,310
Mission and Program Overview

Mission

The indianapolis zoological society empowers people and communities, both locally and globally, to advance animal conservation.

The mission of the indianapolis zoo is to protect nature and inspire people to care for our world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$92,929,973$93,163,864▲ $233,891
Investments in Publicly Traded Securities$46,185,408$55,129,186▲ $8,943,778
Savings and Temporary Cash Investments$27,081,024$27,533,477▲ $452,453
Investments Other Securities$26,116,497$25,674,823▼ $441,674
Pledges and Grants Receivable$8,108,786$13,407,399▲ $5,298,613
Prepaid Expenses and Deferred Charges$646,418$787,132▲ $140,714
Accounts Receivable$559,192$588,545▲ $29,353
Inventories for Sale or Use$208,273$244,294▲ $36,021
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$227,094,570$245,351,054▲ $18,256,484
Other Assets Total$25,258,999$28,822,334▲ $3,563,335
Liabilities
Deferred Revenue$5,577,043$6,258,804▲ $681,761
Accounts Payable and Accrued Expenses$8,002,729$5,039,494▼ $2,963,235
Other Liabilities$0$0→ $0
Total Liabilities$13,579,772$11,298,298▼ $2,281,474
Net Assets / Fund Balance
Net Assets With Donor Restrictions$98,924,718$117,770,332▲ $18,845,614
Net Assets Without Donor Restrictions$114,590,080$116,282,424▲ $1,692,344
Total Net Assets Fund Balance$213,514,798$234,052,756▲ $20,537,958
Total Liabilities and Net Assets / Fund Balance$227,094,570$245,351,054▲ $18,256,484

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$58,937,627$89,672,360$148,609,987
Leasehold Improvements$6,617,916$21,172,608$27,790,524
Other Land Buildings$16,516,992$2,745,865$19,262,857
Equipment$5,585,639$10,907,614$16,493,253
Land$5,505,690-$5,505,690
Other Assets Org$27,098,925--
Other Securities$25,674,823--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$57,914,270$326,749▲ $5,320,597$1,582,437$61,698,159
2023$51,465,748$3,197,218▲ $5,194,332$1,644,704$57,914,270
2022$57,245,858$107,309▼ $4,024,397$1,533,473$51,465,748
2021$51,600,112$599,062▲ $6,387,046$1,100,000$57,245,858
2020$46,100,351$242,803▲ $6,727,093$1,329,833$51,600,112
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert ShumakerPresident and CEOFT$300,099$136,520$436,619
Karen BurnsExecutive Vice PresidentFT$218,910$78,260$297,170
Mary Jane BennettVice PresidentFT$161,353$49,131$210,484
Jeff ProudfootVice PresidentFT$153,004$57,203$210,207
Sara InmanSenior Vice President and Chief Financial OfficerFT$145,643$50,931$196,574
Dana CanfieldVice PresidentFT$159,135$31,381$190,516
Sarah EdwardsSenior Vice PresidentFT$153,941$35,572$189,513
Karl TraegerDirectorFT$140,558$47,966$188,524
John GullionVice PresidentFT$140,318$31,768$172,086

Board Members and Trustees

NameTitle
Blake Koriath2nd V Chair
Ronda ShrewsburyChair
Beth Klapper1st Vice Chair
Amy WillisTrustee
Andy SellersTrustee
Anita HardenTrustee
April SassoTrustee
Bethanie DankoTrustee
Bonnie GallivanTrustee
Carolina RashidfarokhiTrustee
Cheri DickTrustee
Christa AdkinsTrustee
Connie Bond StuartTrustee
David DewittTrustee
David TrogdenTrustee
Jeffery HarrisonTrustee
John SharpeTrustee
Julia GardTrustee
Karen Ann LloydTrustee
Katie LucasTrustee
Kent MorrisTrustee
Kristi LeeTrustee
Larry CoanTrustee
Lauren EdmundsonTrustee
Luke BossoTrustee
Mel RainesTrustee
Michael WellsTrustee
Myrta PulliamTrustee
Pat LindleyTrustee
Pete WardTrustee
Peter JorgensonTrustee
Robert ShoemakerTrustee
Shane HagemanTrustee
Shash GoyalTrustee
Stanley ChenTrustee
Todd KatzTrustee
Whit GraysonTrustee
Marisol SanchezSecretary
Steve AlonsoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Turner Construction CompanyConstruction Services733 SOUTH WEST STREET, SUITE 200, Indianapolis, IN 46225$4,082,522
Borshoff INCAdvertising342 MASSACHUSETTS AVE, STE 500, Indianapolis, IN 46204$2,035,000
B Morrow Productions LLCDesign Services546 LAKE AVE, Orlando, FL 32801$969,594
Sullivan & Poore INCMechanical Contractor3818 PROSPECT STREET, Indianapolis, IN 46203$615,413
Howard Asphalt LLCConstruction Services2916 KENTUCKY AVANUE, Indianapolis, IN 46221$483,324
Revenue and Support

Revenue Composition

Contributions and Grants
$20,257,498
Program Service Revenue
$31,460,439
Investment Income
$3,058,195
Other Revenue
$2,903,582
All Other Contributions
$20,032,164
Change in Net Assets
$13,262,857

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded14$537,315Market value
Other Non Cash Contri Table4$199,162Market value
Total Noncash Contributions18$736,477-

Audited Revenue Reconciliation

Revenue per Audited Statements
$60,851,947
Revenue Not Reported on Financial Statements
$-3,172,233
Revenue Not Reported on Form 990
$5,405,094
Other Revenue Adjustments
$-3,462,253
Total Revenue per Audited Statements
$66,257,041
Total Revenue per Form 990
$57,679,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$22,810,210
Other Expenses$20,941,170
Total Fundraising Expense$1,695,002
Grants and Similar Amounts Paid$561,555
Professional Fundraising Fees$103,922

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$15,877,179$940,424$785,642$17,603,245
Depreciation Depletion$5,435,632$0$0$5,435,632
Other Expenses$2,037,925$175,735$336,672$2,550,332
Other Employee Benefits$1,925,905$221,756$81,312$2,228,973
Advertising$2,172,304$0$0$2,172,304
Fees for Services Other$1,227,364$580,239$22,714$1,830,317
Occupancy$1,339,106$158,616$84,740$1,582,462
Payroll Taxes$1,202,622$96,718$61,838$1,361,178
Current Officers, Directors, Trustees, and Key Employees$495,750$540,415$83,711$1,119,876
Insurance$1,065,865$0$0$1,065,865
Information Technology$581,299$0$0$581,299
Pension Plan Contributions$431,390$38,845$26,703$496,938
Office Expenses$283,071$18,669$39,565$341,305
Grants to Domestic Orgs$306,555--$306,555
Fees for Service Investment Mgmnt Fees$0$290,020$0$290,020
Fees for Services Legal-$263,898$16,979$280,877
Foreign Grants$255,000--$255,000
Travel$209,320$15,799$13,825$238,944
Fees for Services Professional Fundraising--$103,922$103,922
Conferences and Meetings$10,221$81,023$5,360$96,604
Fees for Services Accounting$0$77,324$0$77,324
Total Functional Expenses$39,118,271$3,603,584$1,695,002$44,416,857

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$45,719,083
Total Expenses per Form 990$44,416,857
Expenses per Audited Statements$44,126,837
Expenses Not Reported on Form 990$1,592,246
Expenses Not Reported on Financial Statements$290,020
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lincoln Park Zoological SocietyChicago, IL501(c)(3)Conservation$80,000
University of ColoradoDenver, CO501(c)(3)Conservation$25,000
Sycamore Land TrustBloomington, IN501(c)(3)Conservation$23,000
University of North Carolina at GreensboroGreensboro, NC501(c)(3)Conservation$15,000
Emerging Wildlife Conservation LeadersSan Francisco, CA501(c)(3)Conservation$10,000

International Summary

Offices
0
Employees
0
Spending
$255,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaGrantmaking-00$74,000
North America (Canada & Mexico only)Grantmaking-00$65,000
South AmericaGrantmaking-00$47,000
Central America and the CaribbeanGrantmaking-00$44,000
East Asia and the PacificGrantmaking-00$25,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,106,922
Fundraising Direct Expenses$1,001,884
Professional Fundraising Fees$103,922

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Zoobilation$2,713,957$2,535,102$585,784$1,949,318
Wine Auction$478,299$442,190$70,810$371,380
Total Events$3,332,256$3,106,922$1,001,884$2,105,038
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes-
Capital Lease Payable-
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, Part VI, Line 1A Material differences in voting rights

“During intervals between meetings of the BOT, the Executive Committee has all authority of the BOT. In addition, the Executive Committee, to the extent specified by the BOT, may exercise the authority of the BOT.”

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

“BOARD MEMBERS WHIT GRAYSON AND PATRICK LINDLEY - Family relationship”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“The return is reviewed by the finance committee of the board of trustees and it is made available to the board of trustees prior to filing. The form 990 is also reviewed by an independent accounting firm prior to filing.”

Form 990, Part VI, Line 12C Conflict of interest policy

“Conflict of interest questionnaire is completed on an annual basis by board members and staff. Annually all conflicts of interest are summarized and reviewed by the finance committee of the board of trustees. If there is a conflict of interest, a board member would recuse themselves from discussion and voting.”

Form 990, Part VI, Line 15A Process to establish compensation of top management official

“Compensation committee of the board of trustees meets annually to review and approve the compensation of the ceo, cfo, vp's, and svp's.”

Form 990, Part VI, Line 15B Process to establish compensation of other employees

“The vp of human resources determines other officers and key employees compensation and is reviewed by the cfo. Compensation was reviewed by the executive committee of the board in november of 2023 for 2024 compensation.”

Form 990, Part VI, Line 19 Required documents available to the public

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

Form 990, Part VIII, Line 2F Other Program Service Revenue

“Other Program Service Revenue - Total Revenue: 143853, Related or Exempt Function Revenue: 143853, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

Filing and Contact Details

Filer

Filer Name
Indianapolis Zoological Society Inc
EIN
35-1074747
Phone
3176302040
Address
1200 W Washington St, Indianapolis, IN 46222
Doing Business As
Indianapolis Zoo

Signing Officer

Name
Tom Kmetz
Title
Senior Vice President/CFO
Phone
3176302040
Signed
2025-11-03
Discuss with paid preparer
Yes

Organization Details

Formed
1944
Legal Domicile
In
Voting Board Members
39
Independent Board Members
39
Employees
745
Volunteers
1,026

Preparer

Firm
Forvis Mazars LLP
Address
820 Massachusetts Ave Suite 1370, Indianapolis, IN 46204
Preparer
Nicole Fishback
Phone
3173834000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

“Change in Value of Split Interest Agreement - 3462253; Total - 3462253;”

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

“Earnings from the endowment funds are used to support the operations and programs of the indianapolis zoological society, inc.”

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.”

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

“Fundraising Event Expense - 1001884 Rental Expense - 590362”

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

“Change in Value-Split Interest Agreement - -3462253”

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

“Fundraising Event Expense - 1001884 Rental Expense - 590362”

Raw XML AppendixShowing 400 of 1,491 raw XML fields

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/ActivityOrMissionDesc0THE MISSION OF THE INDIANAPOLIS ZOO IS TO PROTECT NATURE AND INSPIRE PEOPLE TO CARE FOR OUR WORLD.
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IRS990/BooksInCareOfDetail/PhoneNum03176302040
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IRS990/BooksInCareOfDetail/USAddress/CityNm0INDIANAPOLIS
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1342 MASSACHUSETTS AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2546 LAKE AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt33818 PROSPECT STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt42916 KENTUCKY AVANUE
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IRS990/Desc0THE INDIANAPOLIS ZOO IS A WORLD-CLASS ZOOLOGICAL INSTITUTION THAT SERVES DIVERSE POPULATIONS FROM CENTRAL INDIANA AND BEYOND THROUGH IN-PERSON VISITS AND OTHER METHODS OF PROGRAM DELIVERY. AS ONE OF THE REGION'S FOREMOST CULTURAL AND EDUCATIONAL ASSETS, THE ZOO FUNCTIONS AS A REGIONAL, NATIONAL, AND INTERNATIONAL RESOURCE FOR ZOOLOGICAL RESEARCH AND WILDLIFE CONSERVATION.
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