Civic Intelligence

Indiana Public Broadcasting Stations Inc.

990 • Fiscal year 2024 • EIN 51-0183856

Jul 01, 2023 to Jun 30, 2024 • Filed on May 13, 2025

Organization ProfileIPBS.ORG
1630 N Meridian StreetIndianapolis, IN 46202

(317) 614-0408

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.32x

Higher debt load relative to assets than 82% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.22x

Higher debt load relative to revenue than 79% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

1st percentile

-270%

Higher net margin than 1% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

93rd percentile

$133,706

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 19.7% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

1st percentile

-79%

Faster asset growth than 1% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-81%

Faster revenue growth than 2% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$464,451

Down $1,786,898 (-79%) from 2023

Net Assets

Down

$314,949

Down $1,831,540 (-85%) from 2023

Liabilities

Up

$149,502

Up $44,642 (+43%) from 2023

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin1st percentile

Revenue

Down

$679,166

Down $2,964,182 (-81%) from 2023

Expenses

Up

$2,510,706

Up $116,331 (+4.9%) from 2023

Net Income

Down

-$1,831,540

Down $3,080,513 (-247%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $225,959Liabilities 2011: $44,425Net Assets 2011: $181,5342011Assets 2012: $213,984Liabilities 2012: $49,845Net Assets 2012: $164,1392012Assets 2013: $731,200Liabilities 2013: $47,775Net Assets 2013: $683,4252013Assets 2014: $747,779Liabilities 2014: $64,374Net Assets 2014: $683,4052014Assets 2015: $704,884Liabilities 2015: $64,083Net Assets 2015: $640,8012015Assets 2016: $584,487Liabilities 2016: $189,902Net Assets 2016: $394,5852016Assets 2017: $563,489Liabilities 2017: $149,842Net Assets 2017: $413,6472017Assets 2018: $460,983Liabilities 2018: $57,596Net Assets 2018: $403,3872018Assets 2019: $2,066,076Liabilities 2019: $430,748Net Assets 2019: $1,635,3282019Assets 2020: $1,713,571Liabilities 2020: $361,028Net Assets 2020: $1,352,5432020Assets 2021: $3,433,547Liabilities 2021: $2,270,005Net Assets 2021: $1,163,5422021Assets 2022: $3,521,484Liabilities 2022: $2,623,968Net Assets 2022: $897,5162022Assets 2023: $2,251,349Liabilities 2023: $104,860Net Assets 2023: $2,146,4892023Assets 2024: $464,451Liabilities 2024: $149,502Net Assets 2024: $314,9492024Assets 2025: $370,341Liabilities 2025: $45,802Net Assets 2025: $324,5392025

Highlighted filing

2024

Assets$464,451
Liabilities$149,502
Net Assets$314,949
Open 2024 Filing

Operations Trend

Revenue Growth2nd percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $383,6492011Revenue 2012: $250,595Expenses 2012: $267,990Net Income 2012: -$17,3952012Expenses 2013: $486,8092013Revenue 2014: $422,650Expenses 2014: $422,670Net Income 2014: -$202014Revenue 2015: $409,675Expenses 2015: $452,279Net Income 2015: -$42,6042015Revenue 2016: $446,162Expenses 2016: $692,378Net Income 2016: -$246,2162016Revenue 2017: $425,946Expenses 2017: $406,884Net Income 2017: $19,0622017Revenue 2018: $426,347Expenses 2018: $436,607Net Income 2018: -$10,2602018Revenue 2019: $1,690,788Expenses 2019: $458,847Net Income 2019: $1,231,9412019Revenue 2020: $412,225Expenses 2020: $695,010Net Income 2020: -$282,7852020Revenue 2021: $3,376,121Expenses 2021: $3,565,122Net Income 2021: -$189,0012021Revenue 2022: $3,421,083Expenses 2022: $3,352,806Net Income 2022: $68,2772022Revenue 2023: $3,643,348Expenses 2023: $2,394,375Net Income 2023: $1,248,9732023Revenue 2024: $679,166Expenses 2024: $2,510,706Net Income 2024: -$1,831,5402024Revenue 2025: $491,071Expenses 2025: $481,481Net Income 2025: $9,5902025

Highlighted filing

2024

Revenue$679,166
Expenses$2,510,706
Net Income-$1,831,540
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$679,166
Mission and Program Overview

Mission

To unify the indiana public broadcasting stations into one unit for purchasing and other activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,949,837$207,549▼ $1,742,288
Savings and Temporary Cash Investments$202,933$202,978▲ $45
Accounts Receivable$69,696$53,145▼ $16,551
Pledges and Grants Receivable$27,850--
Prepaid Expenses and Deferred Charges$1,033$779▼ $254
Total Assets$2,251,349$464,451▼ $1,786,898
Liabilities
Accounts Payable and Accrued Expenses$104,860$149,502▲ $44,642
Total Liabilities$104,860$149,502▲ $44,642
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$322,012$254,400▼ $67,612
Net Assets With Donor Restrictions$1,824,477$60,549▼ $1,763,928
Total Net Assets Fund Balance$2,146,489$314,949▼ $1,831,540
Total Liabilities and Net Assets / Fund Balance$2,251,349$464,451▼ $1,786,898

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$114,581$114,581
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark NewmanExecutive DiFT$128,705$5,001$133,706

Board Members and Trustees

NameTitle
Anthony HuntPresident
Angie RappDirector
Bruce HainesDirector
Eric BolstridgeDirector
Erin EarnestDirector
Greg PetrowichDirector
Kenton McdonaldDirector
Kevin WatsonDirector
Tim BlackDirector
Tom MaloneyDirector
Travis PopeDirector
Nichole CarieImm Past Pre
John BaileyRadio Repres
Phil HoffmanTreasurer/se
Greg GicziTv Represent
Chuck RobertsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$679,125
Program Service Revenue
$0
Investment Income
$41
Other Revenue
$0
All Other Contributions
$2,075
Change in Net Assets
$-1,831,540

Audited Revenue Reconciliation

Revenue per Audited Statements
$679,166
Revenue Not Reported on Form 990
$5,000
Total Revenue per Audited Statements
$684,166
Total Revenue per Form 990
$679,166
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,369,319
Salaries, Compensation, and Employee Benefits$141,387
Total Fundraising Expense$7,069
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$108,934$15,749$6,562$131,245
Fees for Services Other$126,977--$126,977
Conferences and Meetings$32,123$6,545-$38,668
Fees for Services Lobbying$25,000--$25,000
Fees for Services Accounting-$12,118-$12,118
Payroll Taxes$8,364$1,209$504$10,077
Information Technology$6,250--$6,250
Office Expenses$1,935$3,724-$5,659
Other Expenses$10,413$5,000-$5,000
Insurance-$4,037-$4,037
Fees for Services Legal-$2,264-$2,264
Occupancy$2,160--$2,160
Advertising$2,021--$2,021
Other Employee Benefits$53$9$3$65
Total Functional Expenses$2,452,982$50,655$7,069$2,510,706

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,515,706
Expenses per Audited Statements$2,510,706
Total Expenses per Form 990$2,510,706
Expenses Not Reported on Form 990$5,000
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
Yes
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
No
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, Page 6, Part VI, Line 6

“By-laws state that if a station is cpb qualified, holds an fcc license and pays ipbs dues, they are a member.”

Form 990, Page 6, Part VI, Line 7A

“Each member station is entitled to appoint one representative to hold one seat and have one vote on the board. Officers are voted to their offices by the full board.”

Form 990, Page 6, Part VI, Line 11B

“Form 990 will be reviewed by the executive director and full board before being filed with the irs.”

Form 990, Page 6, Part VI, Line 12C

“If a potential conflict exists the board looks into and discusses how a pending decision might affect one member differently from others.”

Form 990, Page 6, Part VI, Line 15A

“Decisions on compensation are made by the executive committee of the ipbs board of directors. Compensation data is included in the budget proposal for all members to review.”

Form 990, Page 6, Part VI, Line 18

“The organization's irs form 990 for the prior three years is available at guidestar.org and irs.gov.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, conflict of interest policy and financial statements are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Indiana Public Broadcasting
EIN
51-0183856
Phone
3176140408
Address
1630 N MERIDIAN STREET, INDIANAPOLIS, IN 46202

Signing Officer

Name
Phil Hoffman
Title
Treasurer/secretary
Phone
3176140408
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Newman
Formed
1975
Legal Domicile
In
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
20

Preparer

Firm
Dulin Ward & Dewald Inc
Address
9921 DUPONT CIRCLE DR W 300, FORT WAYNE, IN 46825-1610
Preparer
Carrie B Minnich CPA
Phone
2604232414
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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/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER/SE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TV REPRESENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5RADIO REPRES
IRS990/Form990PartVIISectionAGrp/TitleTxt6IMM PAST PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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IRS990/OtherExpensesGrp/Desc0PRODUCTION AND BROADCAST
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
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IRS990/OtherExpensesGrp/TotalAmt110413
IRS990/OtherExpensesGrp/TotalAmt25000
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0504
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01209
IRS990/PayrollTaxesGrp/ProgramServicesAmt08364
IRS990/PayrollTaxesGrp/TotalAmt010077
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01033
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0779
IRS990/PrincipalOfficerNm0MARK NEWMAN
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS 5,086
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0410846
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IRS990ScheduleA/PublicSupportPY170Pct00.78440
IRS990ScheduleA/PublicSupportTotal170Amt09131767
IRS990ScheduleA/SubstantialContributorsTotAmt02394361
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IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt0293546
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IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt0312883
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt0325472
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IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus3Amt025744
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt098660
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IRS990ScheduleD/DonatedServicesUseFcltsAmt05000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BY-LAWS STATE THAT IF A STATION IS CPB QUALIFIED, HOLDS AN FCC LICENSE AND PAYS IPBS DUES, THEY ARE A MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER STATION IS ENTITLED TO APPOINT ONE REPRESENTATIVE TO HOLD ONE SEAT AND HAVE ONE VOTE ON THE BOARD. OFFICERS ARE VOTED TO THEIR OFFICES BY THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 WILL BE REVIEWED BY THE EXECUTIVE DIRECTOR AND FULL BOARD BEFORE BEING FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IF A POTENTIAL CONFLICT EXISTS THE BOARD LOOKS INTO AND DISCUSSES HOW A PENDING DECISION MIGHT AFFECT ONE MEMBER DIFFERENTLY FROM OTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DECISIONS ON COMPENSATION ARE MADE BY THE EXECUTIVE COMMITTEE OF THE IPBS BOARD OF DIRECTORS. COMPENSATION DATA IS INCLUDED IN THE BUDGET PROPOSAL FOR ALL MEMBERS TO REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S IRS FORM 990 FOR THE PRIOR THREE YEARS IS AVAILABLE AT GUIDESTAR.ORG AND IRS.GOV.

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Filings

Displayed year

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

Open filing
Assets
$464,451
Liabilities
$149,502
Net assets
$314,949
Revenue
$679,166
Expenses
$2,510,706
Net income
-$1,831,540
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.37$0.05$0.32$0.49$0.48$0.01
2024Detailed filing. Detailed filing data is available for this year.$0.46$0.15$0.31$0.68$2.51$1.83
2023Detailed filing. Detailed filing data is available for this year.$2.25$0.10$2.15$3.64$2.39$1.25
2022Detailed filing. Detailed filing data is available for this year.$3.52$2.62$0.90$3.42$3.35$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.43$2.27$1.16$3.38$3.57$0.19
2020Detailed filing. Detailed filing data is available for this year.$1.71$0.36$1.35$0.41$0.70$0.28
2019Detailed filing. Detailed filing data is available for this year.$2.07$0.43$1.64$1.69$0.46$1.23
2018Detailed filing. Detailed filing data is available for this year.$0.46$0.06$0.40$0.43$0.44$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.56$0.15$0.41$0.43$0.41$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.58$0.19$0.39$0.45$0.69$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.70$0.06$0.64$0.41$0.45$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.75$0.06$0.68$0.42$0.42$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.05$0.68$0.49
2012Summary only. Only limited summary data is available for this year.$0.21$0.05$0.16$0.25$0.27$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.04$0.18$0.38