Civic Intelligence

Indianapolis Art Center Inc

EIN 35-1088735 • 501(c)3 • Indianapolis, IN

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Profile

The mission of the art center is to engage, enlighten, and inspire our community by providing interactive art education, outreach to underserved audiences, support of artists and exposure to the visual arts.

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820 East 67th StreetIndianapolis, IN 46220

www.indplsartcenter.org

Siviq Scores

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

Liabilities / Assets

29th percentile

0.05x

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

0.13x

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

86th percentile

40%

Higher net margin than 86% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

54th percentile

$174,115

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

73rd percentile

14%

Faster asset growth than 73% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

85th percentile

45%

Faster revenue growth than 85% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$20,119,837

Up $4,611,776 (+30%) from 2022

Liabilities

Up

$983,456

Up $304,527 (+45%) from 2022

Net Assets

Up

$19,136,381

Up $4,307,249 (+29%) from 2022

Operations
Liabilities / Revenue37th percentileNet Margin86th percentile

Revenue

Up

$7,483,827

Up $3,926,340 (+110%) from 2022

Expenses

Up

$4,457,059

Up $899,344 (+25%) from 2022

Net Income

Up

$3,026,768

Up $3,026,996 (+1327630%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth73rd percentile

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

$30M$20M$10M$0Assets 2010: $18,062,584Liabilities 2010: $843,679Net Assets 2010: $17,218,9052010Assets 2011: $18,142,959Liabilities 2011: $671,073Net Assets 2011: $17,471,8862011Assets 2013: $18,303,499Liabilities 2013: $1,898,986Net Assets 2013: $16,404,5132013Assets 2014: $18,519,202Liabilities 2014: $1,813,882Net Assets 2014: $16,705,3202014Assets 2015: $17,859,335Liabilities 2015: $796,318Net Assets 2015: $17,063,0172015Assets 2016: $17,336,853Liabilities 2016: $623,736Net Assets 2016: $16,713,1172016Assets 2017: $17,185,537Liabilities 2017: $924,710Net Assets 2017: $16,260,8272017Assets 2018: $17,006,186Liabilities 2018: $1,221,535Net Assets 2018: $15,784,6512018Assets 2019: $16,053,501Liabilities 2019: $1,258,847Net Assets 2019: $14,794,6542019Assets 2020: $16,161,417Liabilities 2020: $1,379,206Net Assets 2020: $14,782,2112020Assets 2021: $17,635,206Liabilities 2021: $1,175,067Net Assets 2021: $16,460,1392021Assets 2022: $15,508,061Liabilities 2022: $678,929Net Assets 2022: $14,829,1322022Assets 2024: $20,119,837Liabilities 2024: $983,456Net Assets 2024: $19,136,3812024

Highlighted filing

2024

Assets$20,119,837
Liabilities$983,456
Net Assets$19,136,381
Open 2024 Filing

Operations Trend

Revenue Growth85th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $3,083,5642010Expenses 2011: $2,779,2992011Expenses 2013: $2,816,9092013Revenue 2014: $2,864,637Expenses 2014: $3,173,381Net Income 2014: -$308,7442014Revenue 2015: $4,130,791Expenses 2015: $3,165,502Net Income 2015: $965,2892015Revenue 2016: $2,875,139Expenses 2016: $3,173,127Net Income 2016: -$297,9882016Revenue 2017: $2,548,988Expenses 2017: $3,335,904Net Income 2017: -$786,9162017Revenue 2018: $2,844,721Expenses 2018: $3,527,919Net Income 2018: -$683,1982018Revenue 2019: $2,797,596Expenses 2019: $3,640,892Net Income 2019: -$843,2962019Revenue 2020: $2,541,506Expenses 2020: $2,979,770Net Income 2020: -$438,2642020Revenue 2021: $3,948,601Expenses 2021: $3,318,591Net Income 2021: $630,0102021Revenue 2022: $3,557,487Expenses 2022: $3,557,715Net Income 2022: -$2282022Revenue 2024: $7,483,827Expenses 2024: $4,457,059Net Income 2024: $3,026,7682024

Highlighted filing

2024

Revenue$7,483,827
Expenses$4,457,059
Net Income$3,026,768
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
$20,119,837
Liabilities
$983,456
Net assets
$19,136,381
Revenue
$7,483,827
Expenses
$4,457,059
Net income
$3,026,768
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.1$0.98$19.1$7.48$4.46$3.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.5$0.68$14.8$3.56$3.56$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.6$1.18$16.5$3.95$3.32$0.63
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$1.38$14.8$2.54$2.98$0.44
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$1.26$14.8$2.80$3.64$0.84
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.0$1.22$15.8$2.84$3.53$0.68
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$0.92$16.3$2.55$3.34$0.79
2016Detailed filing. Detailed filing data is available for this year.$17.3$0.62$16.7$2.88$3.17$0.30
2015Detailed filing. Detailed filing data is available for this year.$17.9$0.80$17.1$4.13$3.17$0.97
2014Detailed filing. Detailed filing data is available for this year.$18.5$1.81$16.7$2.86$3.17$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.3$1.90$16.4$2.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$0.67$17.5$2.78
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$0.84$17.2$3.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jul 14, 2025
Return Version
2023v6.0
Gross Receipts
$9,008,659
Mission and Program Overview

Mission

The indy art center's mission is to provide accessible and inclusive art experiences that inspire creativity, educate, engage, and enrich our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,698,132$5,483,810▼ $214,322
Investments in Publicly Traded Securities$4,804,301$4,971,458▲ $167,157
Investments Other Securities$3,033,614$3,293,598▲ $259,984
Savings and Temporary Cash Investments$78,816$2,000,571▲ $1,921,755
Pledges and Grants Receivable$803,207$1,361,888▲ $558,681
Cash and Non-Interest-Bearing Accounts$174,028$1,227,775▲ $1,053,747
Prepaid Expenses and Deferred Charges$68,584$93,983▲ $25,399
Accounts Receivable$37,338$61,423▲ $24,085
Total Assets$16,196,989$20,119,837▲ $3,922,848
Other Assets Total$1,498,969$1,625,331▲ $126,362
Liabilities
Accounts Payable and Accrued Expenses$335,190$394,832▲ $59,642
Deferred Revenue$353,889$318,624▼ $35,265
Mortgage Notes Payable Secured by Investment Property$199,000$270,000▲ $71,000
Total Liabilities$888,079$983,456▲ $95,377
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,042,229$9,733,566▲ $3,691,337
Net Assets Without Donor Restrictions$9,266,681$9,402,815▲ $136,134
Total Net Assets Fund Balance$15,308,910$19,136,381▲ $3,827,471
Total Liabilities and Net Assets / Fund Balance$16,196,989$20,119,837▲ $3,922,848

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,382,755$6,902,389$11,285,144
Equipment$157,121$882,565$1,039,686
Land$943,934-$943,934
Other Land Buildings$0$139,278$139,278
Other Assets Org$918,938--
Other Securities$3,293,598--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$6,349,171-▲ $589,083$187,498$6,725,713
2022$6,311,609$19,947▲ $228,819$157,146$6,349,171
2021$7,196,721-▼ $474,799$348,361$6,311,609
2020$6,150,424-▲ $1,233,329$128,550$7,196,721
2019$6,047,548-▲ $308,824$177,714$6,150,424
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark WilliamsPresident and Exec. DirectFT$160,846$13,269$174,115
Allison BadgeroVP of DevelopmentFT$123,141-$123,141
Susan R MeyerCheif Financial Officer to 4/30/23-$34,357$4,265$38,622

Board Members and Trustees

NameTitle
Jessica BrandBoard Chair
Mary McconnellVice Chair
Andy SahmBoard Member
Ashley VukovitsBoard Member
Christy BeckerBoard Member
Denise MillerBoard Member
Diane SeybertBoard Member
Don WoodleyBoard Member
Drew WhiteBoard Member
Jerry WileyBoard Member
Jody DefordBoard Member
Malinda EnnisBoard Member
Mande AdamsBoard Member
Marco DominguezBoard Member
Martha WentworthBoard Member
Mary MaxwellBoard Member
Newell O Pugh JrBoard Member
Nikki RogersBoard Member
Rebecca RobinsonBoard Member
Sarah ParksBoard Member
Tori WeyersBoard Member
Charles SutphinSecretary
David Vonnegut-gaboviTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,886,663
Program Service Revenue
$1,878,117
Investment Income
$619,818
Other Revenue
$99,229
All Other Contributions
$4,805,071
Change in Net Assets
$3,026,768

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 AmountValuation Method
Other Non Cash Contri Table12$31,296Purchase Price
Securities Publicly Traded3$29,581Fair Market Value
Other Non Cash Contri Table47$9,859Purchase Price
Total Noncash Contributions62$70,736-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,428,200
Revenue Not Reported on Financial Statements
$55,627
Revenue Not Reported on Form 990
$917,240
Total Revenue per Audited Statements
$8,345,440
Total Revenue per Form 990
$7,483,827
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,401,657
Other Expenses$2,055,402
Total Fundraising Expense$588,992
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,619,223$60,873$205,417$1,885,513
Fees for Services Other$358,234$13,529$171,791$543,554
Depreciation Depletion$293,289$67,115$20,938$381,342
Occupancy$201,318$70,924$20,099$292,341
Advertising$172,200$15,292$21,545$209,037
Other Employee Benefits$145,961$7,696$25,969$179,626
Current Officers, Directors, Trustees, and Key Employees$17,327$103,961$51,981$173,269
Payroll Taxes$122,277$6,447$21,755$150,479
Information Technology$9,303$50,246$22,028$81,577
Fees for Service Investment Mgmnt Fees-$55,627-$55,627
Office Expenses$34,237$12,424$7,193$53,854
Fees for Services Accounting-$50,362-$50,362
Other Expenses$8,004$3,079$9,491$20,574
Interest$16,699$880$2,971$20,550
Pension Plan Contributions$10,377$547$1,846$12,770
Travel$11,178$394$661$12,233
Fees for Services Legal-$8,705-$8,705
Total Functional Expenses$3,325,541$542,526$588,992$4,457,059

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,517,969
Total Expenses per Form 990$4,457,059
Expenses per Audited Statements$4,401,432
Expenses Not Reported on Form 990$116,537
Expenses Not Reported on Financial Statements$55,627
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$24,850
Fundraising Gross Income$15,647
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art Sparkle$52,471$15,647$24,150$-8,503
Total Events$52,471$15,647$24,850$-9,203
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
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, Section A, Line 1A

“The executive committee is made up of the board chair, vice chair(s), secretary, treasurer, and other members appointed by the board chair. The executive committee shall have, and may exercise all powers of the board of directors between meetings of the board of directors.”

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

“The form 990 is prepared by an independent cpa firm and then reviewed and approved by the president, vice president of finance, and treasurer of the board, as well as the board finance committee. The board is also provided with a copy of the form 990 for review prior to filing it with the irs.”

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

“The organization's conflict of interest questionnaire, which is aligned with the policy, is distributed to the board, officers and key employees on an annual basis. All forms are reviewed by the ceo for any potential conflicts and managed on an ongoing basis. Any potential conflicts involving the board are discussed with and managed by the board chair.”

Form 990, Part VI, Section B, Line 15

“Determination of compensation for the president and executive director is handled by the executive committee. Annual compensation is determined based upon achievement of goals and market comparisons. The compensation is then approved by the board of directors, which is composed of independent members, on an annual basis and documented in minutes. Compensation for all other officers and staff is determined by the president and executive director within the parameters of the annual budget that is reviewed by the finance committee and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and tax returns available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Indianapolis Art Center Inc
EIN
35-1088735
Phone
3172552464
Address
820 EAST 67TH STREET, INDIANAPOLIS, IN 46220

Signing Officer

Name
Mark Williams
Title
Pres. and Exec. Director
Phone
3172552464
Signed
2025-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Williams
Formed
1961
Legal Domicile
In
Voting Board Members
24
Independent Board Members
23
Employees
192
Volunteers
400

Preparer

Firm
Ksm Business Services Inc
Address
PO BOX 40857, INDIANAPOLIS, IN 46240
Preparer
Casse Tate
Phone
3175802000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 222,957. Management and general expenses 6,397. Fundraising expenses 147,723. Total expenses 377,077. Payroll processing fees: program service expenses 135,277. Management and general expenses 7,132. Fundraising expenses 24,068. Total expenses 166,477.”

FORM 990, PART XI, LINE 9:

“Change in beneficial interest in trust 126,362.”

Part XII, Line 2C

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed since the prior year.”

Financial Statement Notes

PART III, LINE 4:

“Several significant pieces of art are on display as part of the organization's collection. They serve to add to the aesthetic beauty of the orgranization's building and grounds and also provide inspiration to artists working today.”

PART V, LINE 4:

“The organization has multiple endowments supporting general operations, scholarships, and maintenance of its 9.5-acre artspark.”

PART X, LINE 2:

“The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code (irc), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the irc. In addition, the organization has been determined by the internal revenue service not to be a private foundation within the meaning of section 509(a) of the irc. There was no unrelated business income tax for the years ended august 31, 2024 and 2023. The organization files u.s. Federal and state of indiana information and tax returns. The organization is no longer subject to u.s. Federal and state income tax examinations by tax authorities for fiscal years before 2021. Management believes that the organization's income tax filing positions will be sustained on audit and does not anticipate any adjustments that will result in a material change.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in beneficial trust interest 126,362. Reclassify rental expenses 43,322. Reclassify fundraising expenses 24,850.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Reclassify rental expenses 43,322. Reclassify fundraising expenses 24,850.”

Raw XML AppendixShowing 400 of 790 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.

Path#Value
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IRS990/ActivityOrMissionDesc0THE INDY ART CENTER'S MISSION IS TO PROVIDE ACCESSIBLE AND INCLUSIVE ART EXPERIENCES THAT INSPIRE CREATIVITY, EDUCATE, ENGAGE, AND ENRICH OUR COMMUNITY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24CHEIF FINANCIAL OFFICER TO 4/30/23
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