Liabilities / Assets
36th percentile
Higher debt load relative to assets than 36% of similar nonprofits.
EIN 35-1406245 • 501(c)3 • Indianapolis, IN
Profile
Indiana Black Expo, Inc. was organized to establish scholarships; develop, implement and support youth programs; and to inform and educate the public as to the economic, educational, political, religious, and social achievements and cultural development of African-Americans.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
36th percentile
Higher debt load relative to assets than 36% of similar nonprofits.
Liabilities / Revenue
34th percentile
Higher debt load relative to revenue than 34% of similar nonprofits.
Net Margin
19th percentile
Higher net margin than 19% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
61st percentile
Faster asset growth than 61% of similar nonprofits.
Revenue Growth
44th percentile
Faster revenue growth than 44% of similar nonprofits.
Assets
Down$7,200,395
Down $518,320 (-6.7%) from 2023
Liabilities
Down$365,419
Down $15,462 (-4.1%) from 2023
Net Assets
Down$6,834,976
Down $502,858 (-6.9%) from 2023
Revenue
Down$4,826,281
Down $2,356,385 (-33%) from 2023
Expenses
Down$5,329,139
Down $271,958 (-4.9%) from 2023
Net Income
Down-$502,858
Down $2,084,427 (-132%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
Indiana Black Expo, Inc. was organized to establish scholarships; develop, implement and support youth programs; and to inform and educate the public as to the economic, educational, political, religious, and social achievements and cultural development of African-Americans.
The mission of Indiana Black Expo, Inc. is to be an effective voice and vehicle for the social and economic advancement of African-Americans.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $2,957,932 | $3,119,521 | ▲ $161,589 |
| Savings and Temporary Cash Investments | $3,160,314 | $2,309,271 | ▼ $851,043 |
| Accounts Receivable | $1,589,385 | $1,760,520 | ▲ $171,135 |
| Cash and Non-Interest-Bearing Accounts | $11,084 | $11,083 | ▼ $1 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | - | - |
| Investments Program Related | $0 | - | - |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $7,718,715 | $7,200,395 | ▼ $518,320 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $380,881 | $365,419 | ▼ $15,462 |
| Other Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $380,881 | $365,419 | ▼ $15,462 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $3,565,976 | $3,704,327 | ▲ $138,351 |
| Net Assets Without Donor Restrictions | $3,771,858 | $3,130,649 | ▼ $641,209 |
| Total Net Assets Fund Balance | $7,337,834 | $6,834,976 | ▼ $502,858 |
| Total Liabilities and Net Assets / Fund Balance | $7,718,715 | $7,200,395 | ▼ $518,320 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $2,666,172 | $347,977 | $3,014,149 |
| Equipment | $333,185 | $388,447 | $721,632 |
| Leasehold Improvements | $120,164 | $7,764 | $127,928 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Alice Watson | CEO/President | FT | $192,682 | $31,879 | $224,561 |
| Terri Falker | Director of Finance | FT | $78,327 | $15,818 | $94,145 |
| Name | Title |
|---|---|
| Vop Osili | Chair |
| Willie Stroman | Central Region Vice Chair |
| Denicka Foster | Northern Region Vice Chair |
| Melissa Proffitt | Vice Chair |
| Al London | Board Member |
| Delbert Mimms | Board Member |
| Dr Colette Pierce Burnette | Board Member |
| Haley G Boling | Board Member |
| Jamilia L King | Board Member |
| Joe Ayers | Board Member |
| John Upshaw | Board Member |
| Joseph Jordon | Board Member |
| Kobi M Wright | Board Member |
| Murray Miller | Board Member |
| Takesha Wilson | Board Member |
| Tenaytia Nelson | Board Member |
| Yvonne Harrington | Board Member |
| Keisha Ricketts | Secretary |
| Nick Bontreger | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $4,124,396 |
| Salaries, Compensation, and Employee Benefits | $1,145,065 |
| Total Fundraising Expense | $153,452 |
| Grants and Similar Amounts Paid | $59,678 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | $1,553,364 | $31,614 | $85,677 | $1,670,655 |
| Other Salaries and Wages | $285,921 | $428,307 | - | $714,228 |
| Advertising | $367,876 | $67,123 | - | $434,999 |
| Current Officers, Directors, Trustees, and Key Employees | $119,000 | $178,259 | - | $297,259 |
| Occupancy | $192,116 | $72,677 | $2,918 | $267,711 |
| Travel | $155,367 | $20,378 | $5,174 | $180,919 |
| Insurance | $22,001 | $146,980 | - | $168,981 |
| Depreciation Depletion | - | $153,867 | - | $153,867 |
| Office Expenses | $75,888 | $70,603 | $1,684 | $148,175 |
| Conferences and Meetings | $102,579 | - | $21,568 | $124,147 |
| Payroll Taxes | $24,789 | $37,133 | - | $61,922 |
| Other Employee Benefits | $21,722 | $32,538 | - | $54,260 |
| Fees for Services Accounting | - | $50,006 | - | $50,006 |
| Grants to Domestic Individuals | $39,500 | - | - | $39,500 |
| All Other Expenses | $5,914 | $22,905 | $2,674 | $31,493 |
| Grants to Domestic Orgs | $20,178 | - | - | $20,178 |
| Payments to Affiliates | $2,049 | - | $17,365 | $19,414 |
| Pension Plan Contributions | $6,964 | $10,432 | - | $17,396 |
| Other Expenses | $221 | $1,945 | $481 | $2,647 |
| Interest | - | $25 | - | $25 |
| Total Functional Expenses | $3,838,043 | $1,337,644 | $153,452 | $5,329,139 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $5,658,970 |
| Expenses per Audited Statements | $5,329,139 |
| Total Expenses per Form 990 | $5,329,139 |
| Expenses Not Reported on Form 990 | $329,831 |
| Expenses Not Reported on Financial Statements | $0 |
| Other Expense Adjustments | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| 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 |
| Liability | Amount |
|---|---|
| Federal Income Taxes | - |
| PPP Loan | - |
“The compensation of the president is determined by the board of directors. Their decisions are documented in the board minutes. The board does not use comparability data. The board simply approves cost of living adjustments. This process was last undertaken in 2024.”
“The compensation of the other officers is determined by the ceo/president. Cost of living adjustments are given, and compensation is compared to the national average. The compensation process is documented in each employee's file. The process was last undertaken in 2024.”
“The executive committee consists of the elected officers of the corporation. The committee is authorized to carry on the general business of the organization and reports all actions to the board of directors. In case of extreme necessity, the executive committee may exercise the powers of the board of directors. The executive committee has at least five members of the board and all members of the committee must be board members.”
“The executive management team reviews in detail the Form 990 before it is filed with the IRS.”
“IBE board members, committee members, and employees are required to disclose possible conflicts of interest and must annually sign conflict of interest disclosure statements. Potential conflicts are reviewed by the board of directors, the President, and Vice President of Operations. Individuals with potential conflicts shall abstain from board discussion and voting with respect to such matter.”
“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”
“(Expenses $ 588,734 including grants of $)(Revenue $ 41,889) PROGRAMS AT INDIANA BLACK EXPO: INCLUDES ACTIVITIES SUCH AS "WE CAN FEED THE HUNGRY" AT CHRISTMAS, WHICH ANNUALLY SERVES OVER 800 FAMILIES, WITH A FOCUS ON RESIDENTS FROM LOW-INCOME HOUSING AGENCIES, ASSISTED LIVING FACILITIES AND REFERRALS FROM VARIOUS SOCIAL SERVICE ORGANIZATIONS. THE PROGRAM PROVIDES FAMILIES WITH GROCERIES TO FEED THEIR FAMILIES A TRADITIONAL HOLIDAY DINNER. A BUSINESS CONFERENCE IS HELD ANNUALLY, TO PROVIDE A VENUE FOR BLACK ENTREPRENEURS, ORGANIZATIONS AND TALENT TO SHOWCASE THEIR GOODS AND SERVICES. THE CONFERENCE FOCUSES ON PROVIDING MINORITY BUSINESSES WITH THE TOOLS NEEDED TO COMPETE FOR CONTRACT OPPORTUNITIES WITH LOCAL, STATE, FEDERAL, PRIVATE, AND POSTSECONDARY INSTITUTIONS. ATTENDEES WILL HAVE THE OPPORTUNITY TO HEAR DIRECTLY FROM EXPERTS ON SUSTAINING AND EXPANDING THEIR BUSINESSES AND NETWORKING WITH KEY DECISION MAKERS. THE ORGANIZATION ALSO HOSTS EMPLOYMENT FAIRS, WHERE BUSINESSES IN SEARCH OF QUALIFIED EMPLOYEES ARE CONNECTED WITH INDIVIDUALS WHO ARE UNEMPLOYED, UNDEREMPLOYED OR SIMPLY LOOKING FOR A CHANGE IN WORKPLACES. THE EMPLOYMENT FAIR INCLUDES WORKSHOPS ON RESUME PREPARATION AND INTERVIEW TECHNIQUES. MANY OF THE PARTICIPATING EMPLOYERS OFFER ON-THE-SPOT CONNECTIONS BETWEEN THE JOB MARKET AND THOSE TRYING TO NAVIGATE IT. Additionally, IBE supports the Take Your Seat Leadership Institute (TYSLI) initiave that empowers individuals to engage in civic leadership and community advocacy. TYSLI provides free training through interactive sessions and discussions with officials to prepare participants for roles in public office, boards, campaigns, and civic engagement.”
“Speakers - Total Expense: 449409, Program Service Expense: 448690, Management and General Expenses: 192, Fundraising Expenses: 527; Event Services - Total Expense: 602700, Program Service Expense: 601988, Management and General Expenses: , Fundraising Expenses: 712; Contract Services - Total Expense: 336887, Program Service Expense: 239455, Management and General Expenses: 14776, Fundraising Expenses: 82656; Security - Total Expense: 128548, Program Service Expense: 126548, Management and General Expenses: 2000, Fundraising Expenses: ; Consulting - Total Expense: 140492, Program Service Expense: 127539, Management and General Expenses: 12434, Fundraising Expenses: 519; Other Services - Total Expense: 12619, Program Service Expense: 9144, Management and General Expenses: 2212, Fundraising Expenses: 1263;”
“(continued from part iii) the youth and family programs strive to serve as a catalyst throughout indiana to address (1) education, (2) health and (3) economic empowerment issues regarding youth and families. These programs foster relationships between businesses, government agencies, educational institutions, youth service agencies, churches and other community-based organizations. The programs serve as a clearinghouse for quality chapter programs and community outreach activities that address issues affecting youth and families statewide. The programs also actively involve the organization's staff and volunteers in program administration to keep them abreast of issues and trends affecting african-american families and youth. The youth and family programs provide year-round educational youth programs, services and events as well as important health awareness campaigns and economic development initiatives. The organization played a crucial role in the establishment of the andrew j. Brown academy. This charter school currently serves over 600 students in kindergarten through eighth grade and has already seen significant increases in student state-wide testing scores. The organization's signature program, the youth video institute, offers comprehensive after-school career exploration and technology-oriented training to middle and high school students.”
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/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 365419 |
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| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 1760520 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | The mission of Indiana Black Expo, Inc. is to be an effective voice and vehicle for the social and economic advancement of African-Americans. |
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| IRS990/AdvertisingGrp/TotalAmt | 0 | 434999 |
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| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 31493 |
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| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3179252702 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 601 N Shortridge Road |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Indianapolis |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 46219 |
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| IRS990/CYTotalFundraisingExpenseAmt | 0 | 153452 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
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| IRS990/Desc | 0 | Summer Celebration: Summer Celebration serves as a conduit for the Indianapolis community, the state of Indiana and the nation at-large. Summer Celebration began in 1970 at the end of the Civil Rights movement as an effort to bring awareness of business opportunities and achievements of African Americans within the Indianapolis community. Since those early days, it has become a fixture for Indianapolis tourism, business, political and academic communities while also serving as a social awareness vehicle for the advancement of African Americans. Summer Celebration provides financial resources for the Organization's youth and family and social responsibility efforts. |
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| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 3704327 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 19 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountInd | 0 | false |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | Kobi M Wright |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | Murray Miller |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | Takesha Wilson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | Tenaytia Nelson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | Yvonne Harrington |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 19 | Alice Watson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 20 | Terri Falker |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
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| IRS990/MissionDesc | 0 | Indiana Black Expo, Inc. was organized to establish scholarships; develop, implement and support youth programs; and to inform and educate the public as to the economic, educational, political, religious, and social achievements and cultural development of African-Americans. |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | CIRCLE CITY CLASSIC: IN 1983, INDIANA BLACK EXPO ORGANIZERS HAD A DESIRE TO CREATE AN OPPORTUNITY TO SHOWCASE ACADEMIC EXCELLENCE AMONGST THE NATION'S HISTORICALLY BLACK COLLEGES AND UNIVERSITIES. THAT YEAR, MISSISSIPPI VALLEY STATE AND GRAMBLING UNIVERSITY CAME TOGETHER DURING THE FIRST EVER CIRCLE CITY CLASSIC. HOWEVER, THE CIRCLE CITY CLASSIC IS NOT JUST A FOOTBALL GAME. ACADEMIC EXCELLENCE IS THE PRIORITY AND IN ORDER TO ACHIEVE THIS GOAL, THE ORGANIZATION HOSTS A COLLEGE FAIR FEATURING HISTORICALLY BLACK COLLEGES AND UNIVERSITIES; COLLEGE PREPAREDNESS WORKSHOPS ARE HOSTED ACROSS THE CITY AND SCHOLARSHIPS ARE AWARDED TO AREA STUDENTS. |
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| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | YOUTH PROGRAMS: THE FOCUS OF YOUTH AND FAMILY PROGRAMS IS TO STRENGTHEN SERVICES TO THE COMMUNITY. TO DO THIS EFFECTIVELY, IT IS IMPORTANT FOR THE ORGANIZATION TO RESEARCH HOW AFRICAN AMERICANS ARE LIVING STATEWIDE. AS INFORMATION IS GATHERED, THE ORGANIZATION TAKES STEPS TO ENSURE PROGRAMS THAT KEEP THE COMMUNITY HEALTHY, WEALTHY AND WISE ARE CONTINUALLY OFFERED. IBE's Youth and Family Programs Department manages or organizes at least 13 programs or activities, including: (1) Education Day (2) The Employment Opportunity Fair (3) State of Our Black Youth Initiative (4) Statewide Education Conference (5) Family Fun/Tech Zone (6) Statewide Youth Leadership Summit (7) Circle City Classic Scholarship Fund (8) Circle City Classic Coronation (9) Circle City Classic Youth Football and Cheerleading Clinic (10) Performing Arts Academy (11) The Minority Business Conference (12) The Tobacco Prevention & Cessation Initiative (13) TAKING YOUR SEAT INITIATIVE (TYSLI). IBE also collaborates on several initiatives, including the INShape Indiana Black & Minority Health Fair, the largest minority health fair in the world, and the Cultural Arts Pavilion. A BUSINESS CONFERENCE IS HELD ANNUALLY, TO PROVIDE A VENUE FOR BLACK ENTREPRENEURS, ORGANIZATIONS AND TALENT TO SHOWCASE THEIR GOODS AND SERVICES. THE CONFERENCE FOCUSES ON PROVIDING MINORITY BUSINESSES WITH THE TOOLS NEEDED TO COMPETE FOR CONTRACT OPPORTUNITIES WITH LOCAL, STATE, FEDERAL, PRIVATE, AND POSTSECONDARY INSTITUTIONS. ATTENDEES WILL HAVE THE OPPORTUNITY TO HEAR DIRECTLY FROM EXPERTS ON SUSTAINING AND EXPANDING THEIR BUSINESSES AND NETWORKING WITH KEY DECISION MAKERS. THE ORGANIZATION ALSO HOSTS EMPLOYMENT FAIRS, WHERE BUSINESSES IN SEARCH OF QUALIFIED EMPLOYEES ARE CONNECTED WITH INDIVIDUALS WHO ARE UNEMPLOYED, UNDER-EMPLOYED OR SIMPLY LOOKING FOR A CHANGE IN WORKPLACES. THE EMPLOYMENT FAIR INCLUDES WORKSHOPS ON RESUME PREPARATION AND INTERVIEW TECHNIQUES. MANY OF THE PARTICIPATING EMPLOYERS OFFER ON-THE-SPOT CONNECTIONS BETWEEN THE JOB MARKET AND THOSE TRYING TO NAVIGATE IT. |
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| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | PROGRAMS AT INDIANA BLACK EXPO: INCLUDES ACTIVITIES SUCH AS "WE CAN FEED THE HUNGRY" AT CHRISTMAS, WHICH ANNUALLY SERVES OVER 800 FAMILIES, WITH A FOCUS ON RESIDENTS FROM LOW-INCOME HOUSING AGENCIES, ASSISTED LIVING FACILITIES AND REFERRALS FROM VARIOUS SOCIAL SERVICE ORGANIZATIONS. THE PROGRAM PROVIDES FAMILIES WITH GROCERIES TO FEED THEIR FAMILIES A TRADITIONAL HOLIDAY DINNER. A BUSINESS CONFERENCE IS HELD ANNUALLY, TO PROVIDE A VENUE FOR BLACK ENTREPRENEURS, ORGANIZATIONS AND TALENT TO SHOWCASE THEIR GOODS AND SERVICES. THE CONFERENCE FOCUSES ON PROVIDING MINORITY BUSINESSES WITH THE TOOLS NEEDED TO COMPETE FOR CONTRACT OPPORTUNITIES WITH LOCAL, STATE, FEDERAL, PRIVATE, AND POSTSECONDARY INSTITUTIONS. ATTENDEES WILL HAVE THE OPPORTUNITY TO HEAR DIRECTLY FROM EXPERTS ON SUSTAINING AND EXPANDING THEIR BUSINESSES AND NETWORKING WITH KEY DECISION MAKERS. THE ORGANIZATION ALSO HOSTS EMPLOYMENT FAIRS, WHERE BUSINESSES IN SEARCH OF QUALIFIED EMPLOYEES ARE CONNECTED WITH INDIVIDUALS WHO ARE UNEMPLOYED, UNDEREMPLOYED OR SIMPLY LOOKING FOR A CHANGE IN WORKPLACES. THE EMPLOYMENT FAIR INCLUDES WORKSHOPS ON RESUME PREPARATION AND INTERVIEW TECHNIQUES. MANY OF THE PARTICIPATING EMPLOYERS OFFER ON-THE-SPOT CONNECTIONS BETWEEN THE JOB MARKET AND THOSE TRYING TO NAVIGATE IT. Additionally, IBE supports the Take Your Seat Leadership Institute (TYSLI) initiave that empowers individuals to engage in civic leadership and community advocacy. TYSLI provides free training through interactive sessions and discussions with officials to prepare participants for roles in public office, boards, campaigns, and civic engagement. |
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