Civic Intelligence

Nexus Impact Center Inc

EIN 83-0524812 • 501(c)3 • Indianapolis, IN

Profile

The Nexus Impact Center unites, inspires and resources people to cultivate impact-driven business models. We work with both nonprofits and for-profit organizations providing like-minded community, economical space, advocacy for impact-based business models and support through connecting members to programs and resources.

9511 Angola Ct 200Indianapolis, IN 46268

nexusimpactcenter.org

Siviq Scores

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

Liabilities / Assets

86th percentile

0.33x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.18x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

49th percentile

1.0%

Higher net margin than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

55th percentile

0.3%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

40th percentile

-9.9%

Faster revenue growth than 40% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$269,228

Up $883 (+0.3%) from 2023

Liabilities

Down

$87,665

Down $3,935 (-4.3%) from 2023

Net Assets

Up

$181,563

Up $4,818 (+2.7%) from 2023

Operations
Liabilities / Revenue86th percentileNet Margin49th percentile

Revenue

Down

$496,633

Down $54,548 (-9.9%) from 2023

Expenses

Down

$491,815

Down $61,788 (-11%) from 2023

Net Income

Up

$4,818

Up $7,240 (+299%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth55th percentile

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

$300K$200K$100K$0Assets 2018: $2,719Liabilities 2018: $02018Assets 2019: $155,844Liabilities 2019: $46,258Net Assets 2019: $109,5862019Assets 2020: $217,822Liabilities 2020: $99,974Net Assets 2020: $117,8482020Assets 2021: $267,902Liabilities 2021: $98,129Net Assets 2021: $169,7732021Assets 2022: $289,652Liabilities 2022: $97,866Net Assets 2022: $191,7862022Assets 2023: $268,345Liabilities 2023: $91,600Net Assets 2023: $176,7452023Assets 2024: $269,228Liabilities 2024: $87,665Net Assets 2024: $181,5632024

Highlighted filing

2024

Assets$269,228
Liabilities$87,665
Net Assets$181,563
Open 2024 Filing

Operations Trend

Revenue Growth40th percentile

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

$600K$400K$200K$0-$200KRevenue 2018: $5,015Expenses 2018: $2,296Net Income 2018: $2,7192018Revenue 2019: $226,545Expenses 2019: $119,678Net Income 2019: $106,8672019Revenue 2020: $322,011Expenses 2020: $313,749Net Income 2020: $8,2622020Revenue 2021: $400,399Expenses 2021: $359,789Net Income 2021: $40,6102021Revenue 2022: $527,059Expenses 2022: $505,046Net Income 2022: $22,0132022Revenue 2023: $551,181Expenses 2023: $553,603Net Income 2023: -$2,4222023Revenue 2024: $496,633Expenses 2024: $491,815Net Income 2024: $4,8182024

Highlighted filing

2024

Revenue$496,633
Expenses$491,815
Net Income$4,818
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$269,228
Liabilities
$87,665
Net assets
$181,563
Revenue
$496,633
Expenses
$491,815
Net income
$4,818
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.69$0.88$1.82$4.97$4.92$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.68$0.92$1.77$5.51$5.54$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.90$0.98$1.92$5.27$5.05$0.22
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.68$0.98$1.70$4.00$3.60$0.41
2020Detailed filing. Detailed filing data is available for this year.$2.18$1.00$1.18$3.22$3.14$0.08
2019Summary only. Only limited summary data is available for this year.$1.56$0.46$1.10$2.27$1.20$1.07
2018Summary only. Only limited summary data is available for this year.$0.03$0.00$0.05$0.02$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$496,633
Mission and Program Overview

Mission

We unite, inspire and resource people to cultivate impact-driven business models. We work with both nonprofits and for-profit organizations, providing a like-minded community, economical space, advocacy for impact-based business models and support through connecting members to programs and resources.

The Nexus Impact Center unites, inspires and resources people to cultivate impact-driven business models. We work with both nonprofits and for-profit organizations providing like-minded community, economical space, advocacy for impact-based business models and support through connecting members to programs and resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$133,585$132,976▼ $609
Land, Buildings, and Equipment, Net$136,401$128,018▼ $8,383
Accounts Receivable$-1,642$8,233▲ $9,875
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$268,345$269,228▲ $883
Other Assets Total$1$1→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$65,997$65,727▼ $270
Other Liabilities$25,603$21,938▼ $3,665
Total Liabilities$91,600$87,665▼ $3,935
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$176,745$181,563▲ $4,818
Total Net Assets Fund Balance$176,745$181,563▲ $4,818
Total Liabilities and Net Assets / Fund Balance$268,345$269,228▲ $883

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$128,018$31,111$159,129
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Justin FarrellPresident & CEOPT$48,000$48,000

Board Members and Trustees

NameTitle
Turner LesnickVice President
Julia DoffinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$101,640
Program Service Revenue
$394,993
Investment Income
$0
Other Revenue
$0
All Other Contributions
$101,640
Change in Net Assets
$4,818

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
Real Estate Commercial1$101,640Fair Market Value (FMV)
Total Noncash Contributions1$101,640-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$432,183
Salaries, Compensation, and Employee Benefits$59,632
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$215,846$71,949-$287,795
Current Officers, Directors, Trustees, and Key Employees$36,000$12,000-$48,000
Payroll Taxes$8,724$2,908-$11,632
Information Technology-$10,828-$10,828
Depreciation Depletion$6,287$2,096-$8,383
Advertising$4,588--$4,588
Insurance$3,162$1,054-$4,216
Interest-$3,240-$3,240
Other Expenses$6,193$2,072-$2,072
Fees for Services Legal$375$125-$500
Office Expenses$44$14-$58
Total Functional Expenses$367,325$124,490$0$491,815
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Deposits$24,042
Payroll Liabilities$-2,104
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 2

“All board members are given memberships to Nexus. Currently, none of the Board Members rent office space.”

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

“A draft of this form was provided to all Board Members for review prior to filing.”

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

“Nexus covers conflicts of interest with new board members as well as annually with all board members and has each board member sign a conflict of interest statement, requiring disclosure of anything that could be considered a conflict.”

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

“The Board of Directors establishes and sets the Executive Directors pay using published salary study data from nonprofit organizations. The last evaluation of and raise for the Executive Director was performed by the board in the fall of 2022 and updated in 2023.”

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

“The Executive Director makes salary recommendations for the Community Manager using the same study data. The Community Manager pay was set in 2021 and updated in 2024.”

Form 990, Part VI, Section C, Line 19

“Upon request to anyone who asks.”

Filing and Contact Details

Filer

Filer Name
Nexus Impact Center Inc
EIN
83-0524812
Phone
3177403965
Address
9511 Angola Ct 200, Indianapolis, IN 46268

Signing Officer

Name
Justin Farrell
Title
Chairman
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Farrell
Formed
2018
Legal Domicile
In
Voting Board Members
3
Independent Board Members
3
Employees
1
Volunteers
1

Preparer

Firm
Beyond Accounting LLC
Address
11350 N Meridian Street Suite 110, Carmel, IN 46032
Preparer
Clinton Baker
Phone
3175455650
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All board members are given memberships to Nexus. Currently, none of the Board Members rent office space.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A draft of this form was provided to all Board Members for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Nexus covers conflicts of interest with new board members as well as annually with all board members and has each board member sign a conflict of interest statement, requiring disclosure of anything that could be considered a conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors establishes and sets the Executive Directors pay using published salary study data from nonprofit organizations. The last evaluation of and raise for the Executive Director was performed by the board in the fall of 2022 and updated in 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Executive Director makes salary recommendations for the Community Manager using the same study data. The Community Manager pay was set in 2021 and updated in 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Upon request to anyone who asks.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
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IRS990/USAddress/CityNm0Indianapolis
IRS990/USAddress/StateAbbreviationCd0IN
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IRS990/WebsiteAddressTxt0nexusimpactcenter.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Justin Farrell
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Nexus Impact Center Inc
ReturnHeader/Filer/BusinessNameControlTxt0NEXU
ReturnHeader/Filer/EIN0830524812
ReturnHeader/Filer/PhoneNum03177403965
ReturnHeader/Filer/USAddress/AddressLine1Txt09511 Angola Ct 200
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ReturnHeader/Filer/USAddress/ZIPCd046268

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