Civic Intelligence

Hulman Memorial Way Foundation Inc

990 • Fiscal year 2017 • EIN 35-2037002

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 09, 2018

Organization Profile
6115 W 32nd PlaceIndianapolis, IN 46224

(317) 225-5875

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

1st percentile

-312896%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

99th percentile

$183,746

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 270214.7% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $272,608 (-100%) from 2016

Net Assets

Down

$0

Down $272,608 (-100%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin1st percentile

Revenue

Down

$68

Down $57,390 (-100%) from 2016

Expenses

Up

$212,837

Up $165,688 (+351%) from 2016

Net Income

Down

-$212,769

Down $223,078 (-2164%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$400K$300K$200K$100K$0Assets 2010: $356,721Liabilities 2010: $0Net Assets 2010: $356,7212010Assets 2011: $360,738Liabilities 2011: $0Net Assets 2011: $360,7382011Assets 2012: $358,164Liabilities 2012: $0Net Assets 2012: $358,1642012Assets 2013: $346,083Liabilities 2013: $0Net Assets 2013: $346,0832013Assets 2014: $302,643Liabilities 2014: $0Net Assets 2014: $302,6432014Assets 2015: $262,299Liabilities 2015: $0Net Assets 2015: $262,2992015Assets 2016: $272,608Liabilities 2016: $0Net Assets 2016: $272,6082016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0
Open 2017 Filing

Operations Trend

Revenue Growth1st percentile

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

$400K$200K$0-$200K-$400KExpenses 2010: $88,5092010Expenses 2011: $75,0832011Expenses 2012: $66,6102012Revenue 2013: $53,339Expenses 2013: $75,298Net Income 2013: -$21,9592013Revenue 2014: $11,644Expenses 2014: $36,961Net Income 2014: -$25,3172014Revenue 2015: $11,667Expenses 2015: $52,261Net Income 2015: -$40,5942015Revenue 2016: $57,458Expenses 2016: $47,149Net Income 2016: $10,3092016Revenue 2017: $68Expenses 2017: $212,837Net Income 2017: -$212,7692017

Highlighted filing

2017

Revenue$68
Expenses$212,837
Net Income-$212,769
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 9, 2018
Return Version
2017v2.3
Gross Receipts
$68
Mission and Program Overview

Mission

Maintenance of landscape and roadway frontage along crawfordsville road as it enters into the town of speedway and the indianapolis 500 race track. Purpose is for the beautification and welcoming of visitors to the greater town of speedway.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$218,833--
Cash and Non-Interest-Bearing Accounts$53,287--
Land, Buildings, and Equipment, Net$488--
Total Assets$272,608$0▼ $272,608
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$272,608--
Total Net Assets Fund Balance$272,608$0▼ $272,608
Total Liabilities and Net Assets / Fund Balance$272,608$0▼ $272,608

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$-488-
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael L SmithPresidentPT$183,746$183,746

Board Members and Trustees

NameTitle
James SmithBoard Member
Matt E StewardBoard Member
Kevin M SmithSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$68
Other Revenue
$0
Change in Net Assets
$-212,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$193,834
Grants and Similar Amounts Paid$15,000
Other Expenses$4,003
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$183,746-$183,746
Grants to Domestic Orgs$15,000--$15,000
Payroll Taxes-$10,088-$10,088
Fees for Services Accounting-$2,200-$2,200
Insurance-$919-$919
Office Expenses-$443-$443
Fees for Services Legal-$228-$228
Other Expenses-$10-$10
Total Functional Expenses$15,000$197,837$0$212,837
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Indy Cardiac Arrest Registry and Education ServiceIndianapolis, IN501c3-$4,000
Central Indiana WoodworkersNew Palestine, IN501c3-$2,000
Indiana Karst ConservancyIndianapolis, IN501c3-$2,000
Indiana Racing Memorial AssociationIndianapolis, IN501c3-$2,000
Indianapolis Motor Speedway FoundationIndianapolis, IN501c3-$2,000
Speedway Trails AssociationIndianapolis, IN501c3-$2,000
Scholarships for SpeedwaySpeedway, IN501c3-$1,000
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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 8A

“The organization is governed by a board of directors who represent the interest of the town of speedway and the indianapolis motor speedway.”

Form 990, Part VI, Section B, Line 11

“Board members review the 990 report before filing.”

Form 990, Part VI, Section B, Line 15A

“Board members determine the salary of the president of the organization.”

Form 990, Part VI, Section B, Line 15B

“There are no other compensations paid.”

Form 990, Part VI, Section C, Line 19

“The 990 report is available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Hulman Memorial Way Foundation Inc
EIN
35-2037002
Address
6115 W 32ND PLACE, INDIANAPOLIS, IN 46224

Signing Officer

Name
Michael L Smith
Title
President
Signed
2018-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael L Smith
Formed
1998
Legal Domicile
In
Voting Board Members
4
Independent Board Members
1
Employees
1

Preparer

Firm
Bering CPA Firm LLC
Address
3125 Dandy Trail Ste 100, Indianapolis, IN 46214
Preparer
Robert Bering CPA
Phone
3172443355
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“The organization ceased all operations at the end of the tax year.”

Form 990, Part IX, Line 9

“Cash balance was distributed to michael l smith to close out the organizations operations.”

Raw XML AppendixShowing 400 of 419 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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IRS990ScheduleI/Total501c3OrgCnt07
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0183746
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL L SMITH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0183746
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/AttorneyGeneralNotifiedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02017-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0304360092
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt059839
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0INDIVIDUAL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0MICHAEL L SMITH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt06115 W 32ND PL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0IN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd046224
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0true
IRS990ScheduleN/RequiredToNotifyAGInd0true
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0MICHAEL SMITH RECEIVED A LARGER THAN USUAL SALARY FOR THE YEAR DUE TO THE WINDING UP OF OPERATIONS.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 2D
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS GOVERNED BY A BOARD OF DIRECTORS WHO REPRESENT THE INTEREST OF THE TOWN OF SPEEDWAY AND THE INDIANAPOLIS MOTOR SPEEDWAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS REVIEW THE 990 REPORT BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS DETERMINE THE SALARY OF THE PRESIDENT OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO OTHER COMPENSATIONS PAID.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 990 REPORT IS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION CEASED ALL OPERATIONS AT THE END OF THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CASH BALANCE WAS DISTRIBUTED TO MICHAEL L SMITH TO CLOSE OUT THE ORGANIZATIONS OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt0272608
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0272608
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0197837
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt015000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0212837
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0272608
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalProgramServiceExpensesAmt015000
IRS990/TotalReportableCompFromOrgAmt0183746
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt068
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0272608
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0272608
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06115 W 32ND PLACE
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046224
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt01
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL L SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HULMAN MEMORIAL WAY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0HULM
ReturnHeader/Filer/EIN0352037002
ReturnHeader/Filer/USAddress/AddressLine1Txt06115 W 32ND PLACE
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046224
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId043E72046D301E42BF1F182AC6446010894EECF97

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$68
Expenses
$212,837
Net income
-$212,769
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$2.13$2.13
2016Detailed filing. Detailed filing data is available for this year.$2.73$0.00$2.73$0.57$0.47$0.10
2015Detailed filing. Detailed filing data is available for this year.$2.62$0.00$2.62$0.12$0.52$0.41
2014Detailed filing. Detailed filing data is available for this year.$3.03$0.00$3.03$0.12$0.37$0.25
2013Detailed filing. Detailed filing data is available for this year.$3.46$0.00$3.46$0.53$0.75$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.58$0.00$3.58$0.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.61$0.00$3.61$0.75
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.57$0.00$3.57$0.89