Civic Intelligence

Midtown Indianapolis Inc.

990 • Fiscal year 2017 • EIN 80-0228952

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

3965 North Meridian StreetIndianapolis, IN 46208

(317) 600-3141

Siviq Scores

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

Liabilities / Assets

88th percentile

0.78x

Higher debt load relative to assets than 88% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

2.42x

Higher debt load relative to revenue than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

9th percentile

-33%

Higher net margin than 9% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

59th percentile

$80,000

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 23.4% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

94th percentile

74%

Faster asset growth than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

92nd percentile

87%

Faster revenue growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,067,337

Up $454,185 (+74%) from 2016

Net Assets

Down

$239,830

Down $194,709 (-45%) from 2016

Liabilities

Up

$827,507

Up $648,894 (+363%) from 2016

Revenue

Up

$341,813

Up $159,301 (+87%) from 2016

Expenses

Up

$456,186

Up $247,101 (+118%) from 2016

Net Income

Down

-$114,373

Down $87,800 (-330%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $183,565Liabilities 2010: $7832010Assets 2011: $222,861Liabilities 2011: $02011Assets 2012: $226,881Liabilities 2012: $4,8252012Assets 2013: $222,715Liabilities 2013: $2,2092013Assets 2014: $206,121Liabilities 2014: $2,2042014Assets 2015: $233,386Liabilities 2015: $22,8742015Assets 2016: $613,152Liabilities 2016: $178,613Net Assets 2016: $434,5392016Assets 2017: $1,067,337Liabilities 2017: $827,507Net Assets 2017: $239,8302017Assets 2018: $884,476Liabilities 2018: $948,921Net Assets 2018: -$64,4452018Assets 2019: $1,043,260Liabilities 2019: $1,154,134Net Assets 2019: -$110,8742019Assets 2020: $904,600Liabilities 2020: $1,065,689Net Assets 2020: -$161,0892020Assets 2021: $559,223Liabilities 2021: $285,287Net Assets 2021: $273,9362021Assets 2022: $773,426Liabilities 2022: $602,167Net Assets 2022: $171,2592022Assets 2023: $837,082Liabilities 2023: $604,949Net Assets 2023: $232,1332023Assets 2024: $935,954Liabilities 2024: $588,624Net Assets 2024: $347,3302024

Highlighted filing

2017

Assets$1,067,337
Liabilities$827,507
Net Assets$239,830

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $78,196Expenses 2010: $132,581Net Income 2010: -$54,3852010Revenue 2011: $110,420Expenses 2011: $64,065Net Income 2011: $46,3552011Revenue 2012: $177,122Expenses 2012: $149,959Net Income 2012: $27,1632012Revenue 2013: $156,822Expenses 2013: $153,956Net Income 2013: $2,8662013Revenue 2014: $85,995Expenses 2014: $139,779Net Income 2014: -$53,7842014Revenue 2015: $131,192Expenses 2015: $129,485Net Income 2015: $1,7072015Revenue 2016: $182,512Expenses 2016: $209,085Net Income 2016: -$26,5732016Revenue 2017: $341,813Expenses 2017: $456,186Net Income 2017: -$114,3732017Revenue 2018: $78,473Expenses 2018: $382,748Net Income 2018: -$304,2752018Revenue 2019: $35,788Expenses 2019: $82,217Net Income 2019: -$46,4292019Revenue 2020: $171,163Expenses 2020: $221,378Net Income 2020: -$50,2152020Revenue 2021: $617,237Expenses 2021: $259,133Net Income 2021: $358,1042021Revenue 2022: $392,714Expenses 2022: $405,573Net Income 2022: -$12,8592022Revenue 2023: $431,662Expenses 2023: $360,121Net Income 2023: $71,5412023Revenue 2024: $306,163Expenses 2024: $190,966Net Income 2024: $115,1972024

Highlighted filing

2017

Revenue$341,813
Expenses$456,186
Net Income-$114,373
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.2
Gross Receipts
$393,321
Mission and Program Overview

Mission

Midtown indy exists to cultivate an equitable, healthy, and sustainable community in which stakeholders of all incomes, races, and ethnicities have access to the opportunities, services, and amenities they need to thrive. Specifically, midtown's work is focused on 1) building a sense of community; 2) support for community based and minority businesses and job skills development; 3) improvement of transportation options and the vitality of key commercial corridors and nodes; 4) improvement of housing options and public spaces.

Midtown Indy is a community service corporation committed to advancing the quality of life and economic vitality of Indianapolis' Midtown neighborhoods.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$270,911$662,619▲ $391,708
Cash and Non-Interest-Bearing Accounts$332,572$278,322▼ $54,250
Accounts Receivable$321$51,704▲ $51,383
Pledges and Grants Receivable$2,315$38,950▲ $36,635
Prepaid Expenses and Deferred Charges$7,033$9,899▲ $2,866
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$613,152$1,067,337▲ $454,185
Other Assets Total-$25,843-
Liabilities
Mortgage Notes Payable Secured by Investment Property$150,000$812,920▲ $662,920
Other Liabilities$25,162--
Accounts Payable and Accrued Expenses$3,451$14,587▲ $11,136
Total Liabilities$178,613$827,507▲ $648,894
Net Assets / Fund Balance
Temporarily Rstr Net Assets$325,784$286,393▼ $39,391
Unrestricted Net Assets$108,755$-46,563▼ $155,318
Total Net Assets Fund Balance$434,539$239,830▼ $194,709
Total Liabilities and Net Assets / Fund Balance$613,152$1,067,337▲ $454,185

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$454,668$6,603$461,271
Land$102,470-$102,470
Leasehold Improvements$101,390-$101,390
Equipment$4,091$961$5,052
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael McKillipExecutive DirectorFT$71,999$8,001$80,000

Board Members and Trustees

NameTitle
Carter WolfPast President
Matt MindrumPresident
Eva MarquezDirector
Jennifer PyrzDirector
John HirschmanDirector
Katie WertzDirector
Margi JohnsonDirector
Mark FisherDirector
Meg LiffickDirector
Scott JenkinsDirector
Marcus VeatchOutgoing Treas
Sheila LittleSecretary
Cassie RobyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$271,532
Program Service Revenue
$0
Investment Income
$574
Other Revenue
$69,707
All Other Contributions
$64,407
Change in Net Assets
$-114,373
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$229,334
Salaries, Compensation, and Employee Benefits$181,852
Total Fundraising Expense$55,044
Grants and Similar Amounts Paid$45,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$67,577$7,294$10,342$85,213
Occupancy$77,712$4,462$2,870$85,044
Current Officers, Directors, Trustees, and Key Employees$63,443$6,848$9,709$80,000
Fees for Services Other$60,507$5,226$11,285$77,018
Grants to Domestic Orgs$45,000--$45,000
Advertising$5,976$4,100$5,579$15,655
Insurance$8,916$2,940$1,559$13,415
Payroll Taxes$10,023$1,082$1,534$12,639
Depreciation Depletion$4,529$1,181-$5,710
Travel$3,266$79$1,073$4,418
Pension Plan Contributions$3,173$342$485$4,000
Fees for Services Legal-$3,994-$3,994
Interest$3,252--$3,252
Other Expenses$149$439$1,076$439
Total Functional Expenses$357,617$43,525$55,044$456,186
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Indianapolis Parks FoundationIndianapolis, IN501(c)(3)general$35,000
Martin Luther King CommunityIndianapolis, IN501(c)(3)general$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$94,350
Fundraising Direct Expenses$51,508
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Midtown Momentum Luncheon$52,180$52,180$31,440$20,740
Holiday Home Tour$42,170$42,170$20,040$22,130
Total Events$94,350$94,350$51,508$42,842
Political and Lobbying Activity
Political campaign activity
Yes
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 is approved by the Board of Directors prior to filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Midtown Indianapolis Inc
EIN
80-0228952
Phone
3176003141
Address
3965 North Meridian Street, Indianapolis, IN 46208

Signing Officer

Name
Michael McKillip
Title
Executive Director
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael McKillip
Voting Board Members
13
Independent Board Members
13
Employees
3

Preparer

Firm
CNA Tax Professionals Inc
Address
8606 Allisonville Rd Ste 120, Indianapolis, IN 46250
Preparer
Shawn D Dreiman CPA
Phone
3178413393
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Community Awareness- In 2017, Midtown provided ongoing engagement with the previously published Midtown Future Plan, the Great Places 2020 Plan at Maple Crossing, and the Marion County Land Use Plan. Efforts focused on public education surrounding changing market and demographic data, and key public infrastructure projects. Specific awareness initiatives focus on program planning and outreach related to the programming, operations, and maintenance of Tarkington Park. This effort engaged hundreds of community residents in planning the future operations of the newly built park in coordination with consultants specializing in such planning. Midtown participated in several dozen land use cases pending before the Metropolitan Development Commission for Indianapolis to express community concerns and/or support for projects and the impact they may have on particular neighborhoods. Other awareness initiatives included education and outreach related to area population destabilization, particularly the migration of families with school age children away from our region of the city, and the resulting decline the tax base, the increased vacancy of commercial property and ongoing blight and deterioration issues that result from population decline. Midtown staff also participated in numerous committees (Plan 2020 and Great Places 2020, Bus Rapid Transit Planning for two key transit routes, Red Line, and Purple Line) and other community wide planning efforts related to health, public safety, education, and infrastructure which impact our primary service area. Additional efforts included educational briefings with key stakeholders including leadership of area educational and cultural institutions, commercial real estate brokers and developers, and key area employers. OTHER PROGRAM SERVICES 5: Other Programs

Financial Statement Notes

Part X : FIN48 Footnote

The Organization recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit will be recorded. The Organization has examined this issue and has determined there are no material contingent tax liabilities.

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IRS990/Desc0Great Places- Building on work from previous years, Midtown continued efforts in 2017 related to stakeholder engagement and predevelopment at several key sites, principally the area around 38th and Illinois Street as part of the City of Indianapolis Great Places 2020 program to revitalize specific neighborhoods in the city. Activities and related expenses included meetings with area property owners, a review of zoning at key sites, an analysis of public and private resources which might aid in future redevelopment efforts. Working with leaders from various neighborhood groups, Midtown evaluated land use, environmental, and available public funding for redevelopment of vacant and blighted properties. These efforts included predevelopment and acquisition strategies for several vacant buildings. In 2017 Midtown acquired a vacant former grocery store at 3902 North Illinois street, and is pursing plans for its rehabilitation in service to needs of the community and emerging entrepreneurs. This work further included a community celebration at the recently renovated Tarkington Park in July of 2017 in partnership with the Indianapolis Parks Foundation, The Martin Luther King Community Center, and Indy Parks, the event brought over 800 community members together for a day of learning, music and celebration of mutual accomplishments related to the redevelopment of Tarkington Park. http://www.midtownindy.org/GreatPlacesFeedback.php.
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IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Past President
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IRS990/MissionDesc0Midtown Indy is a community service corporation committed to advancing the quality of life and economic vitality of Indianapolis Midtown neighborhoods. Specifically, Midtowns work is focused on 1) enhancing the sense of place and district identification to keep the Midtown area beautiful, walkable, bikeable and sustainable; 2) promote local businesses, cultural institutions and tourist destinations; 3) attract community and business development including comprehensive infrastructure improvements and transit options; 4) serve as a catalyst for sound practices in business enhancement and residential renovation; and, 5) make Midtown prosper and inspire surrounding areas to develop in an equally positive way.
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IRS990/PrincipalOfficerNm0Michael McKillip
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IRS990/ProgSrvcAccomActy3Grp/Desc0Anchor Coalition-In an effort to maintain institutional engagement in the Midtown initiative, Midtown collaborated with key institutional stakeholders to form the Midtown Anchor Coalition. The Midtown Anchor Coalition (MAC) is comprised of six of Indianapolis oldest and most important anchor institutions together with key community partners. MAC members include: Butler University, Butler-Tarkington Neighborhood Association, Christian Theological Seminary, Citizens Energy Group, Crown Hill Heritage Foundation, Indianapolis Museum of Art, International School of Indiana, and Midtown Indianapolis, Inc. Together, these organizations employ over 2,000 people, own 1,100 acres of land and over three million square feet of facilities, spend over $117 million annually on goods and services, and attract over 1.1 million visitors annually. While they share a common geography northwest of downtown Indianapolis, more importantly this Coalition shares a commitment to enhancing the collective assets of Midtown Indianapolis as a premier destination to live, work, visit, and learn in the Central Indiana Region. Serving as the central convener of the coalition Midtown worked to establish a down payment and home repair assistance program to encourage employees of the institutions to buy and/or repair homes in the neighborhoods surrounding their respective institutions. With support from INHP, the Indy Chamber and each of the institutional partners the program secured $600,000 in funding to support a 2017 launch of the program. In 2017 the program supported down payment assistance for 17 new homeowners and facilitated home repairs for 3 existing home owners. Other areas of work included implementation strategies around: Safety and Security; Education; Attraction and Identity; Collaboration and Engagement; Housing and Neighborhood; Connectivity and Infrastructure. More information is available at www.midtownindy.org
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.94$0.59$0.35$0.31$0.19$0.12
2023Detailed filing. Detailed filing data is available for this year.$0.84$0.60$0.23$0.43$0.36$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.77$0.60$0.17$0.39$0.41$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.56$0.29$0.27$0.62$0.26$0.36
2020Detailed filing. Detailed filing data is available for this year.$0.90$1.07$0.16$0.17$0.22$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.04$1.15$0.11$0.04$0.08$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.88$0.95$0.06$0.08$0.38$0.30
2017Detailed filing. Detailed filing data is available for this year.$1.07$0.83$0.24$0.34$0.46$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.61$0.18$0.43$0.18$0.21$0.03
2015Summary only. Only limited summary data is available for this year.$0.23$0.02$0.13$0.13$0.00
2014Summary only. Only limited summary data is available for this year.$0.21$0.00$0.09$0.14$0.05
2013Summary only. Only limited summary data is available for this year.$0.22$0.00$0.16$0.15$0.00
2012Summary only. Only limited summary data is available for this year.$0.23$0.00$0.18$0.15$0.03
2011Summary only. Only limited summary data is available for this year.$0.22$0.00$0.11$0.06$0.05
2010Summary only. Only limited summary data is available for this year.$0.18$0.00$0.08$0.13$0.05