Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Friends of 38Th Inc
EIN 87-1285796 • 501(c)3 • Indianapolis, IN
Profile
Our mission is to raise awareness of the successes and challenges of the street among the broader community, bring our great midtown neighborhoods adjacent to 38th street together with events, new business opportunities, and social engagement and advocate to the street to be improved, cared for and elevated from a problem to a key asset in our circle city.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
27th percentile
Higher net margin than 27% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
23rd percentile
Faster asset growth than 23% of similar nonprofits.
Revenue Growth
31st percentile
Faster revenue growth than 31% of similar nonprofits.
Balance Sheet
Assets
Down$3,390
Down $2,183 (-39%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Down$3,390
Down $2,183 (-39%) from 2023
Revenue
Down$14,731
Down $4,491 (-23%) from 2023
Expenses
Up$16,914
Up $897 (+5.6%) from 2023
Net Income
Down-$2,183
Down $5,388 (-168%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $3,390
- Liabilities
- -
- Net assets
- $3,390
- Revenue
- $14,731
- Expenses
- $16,914
- Net income
- -$2,183
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 5, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $16,403
Mission and Program Overview
Mission
Our mission is to raise awareness of the successes and challenges of the street among the broader community, bring our great midtown neighborhoods adjacent to 38th street together with events, new business opportunities, and social engagement and advocate to the street to be improved, cared for and elevated from a problem to a key asset in our circle city.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THREE SEPARATE FUNDRAISERS WERE CONDUCTED TO PROMOTE AWARENESS OF 38TH STREET IN THE CITY OF INDIANAPOLIS. A BLUES & BBQ EVENT WAS HELD ALLOWING VENDORS TO PARTICPATE FOR FREE TO PROMOTE THEIR BUSINESSES. HELPED PROMOTE A 5K TURKEY TROT RACE WHERE A DONATION WAS MADE TO CROWN HILL CEMETERY. ALSO PROVIDED MARKETING & SPACE FOR FIVE CAR SHOWS WHICH WAS FREE OF CHARGE TO ANYONE BRINGING A CAR OR ANY VENDOR SELLING THEIR GOODS. | $737 | $1,472 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JEREMY STEPHENSON | President | - | $0 | - | - |
| ED SHERMAN | Treasurer | - | $0 | - | - |
| CHRISTIE HURST | Board Member | - | $0 | - | - |
| AMY BOSWORTH | Secretary | - | $0 | - | - |
| JACKIE ANNAN | Board Member | - | $0 | - | - |
Fundraising, Events, and Gaming
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Blues & Bbq Eve | $11,612 | $2,912 | $1,642 | $1,270 |
| Total Events | $11,612 | $2,912 | $1,642 | $1,270 |
Filing and Contact Details
Filer
- Filer Name
- Friends of 38th Inc
- EIN
- 87-1285796
- Phone
- 7653460148
- Address
- 1003 E 38TH STREET, INDIANAPOLIS, IN 46205
Signing Officer
- Name
- Ed Sherman
- Title
- Treasurer
- Phone
- 7653460148
- Signed
- 2025-11-05
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Bojrab Kaufman & Company
- Address
- 1020 E DUPONT ROAD, FORT WAYNE, IN 46825
- Preparer
- Mark C Kaufman
- Phone
- 2604824573
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Blues & bbq event advertising 134 insurance 975 permits 1,945 various events prizes 4,429 expenses website fees 1,400 total 8,883”
Form 990-ez, Part III
“Our mission is to raise awareness of the successes and challenges of the street among the broader community, bring our great midtown neighborhoods adjacent to 38th street together with events, new business opportunities, and social engagement and advocate to the street to be improved, cared for and elevated from a problem to a key asset in our circle city.”
Form 990-ez, Part III, Line 28
“Three separate fundraisers were conducted to promote awareness of 38th street in the city of indianapolis. A blues & bbq event was held allowing vendors to particpate for free to promote their businesses. Helped promote a 5k turkey trot race where a donation was made to crown hill cemetery. Also provided marketing & space for five car shows which was free of charge to anyone bringing a car or any vendor selling their goods.”
Raw XML Appendix146 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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|---|---|---|
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| IRS990EZ/AddressChangeInd | 0 | X |
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| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7653460148 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 4715 N KENWOOD AVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | INDIANAPOLIS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 46208 |
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| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 3390 |
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| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 12735 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -2183 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 7294 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 5573 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 3390 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 3641 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 737 |
| IRS990EZ/GrossReceiptsAmt | 0 | 16403 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 27 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 5573 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 3390 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 5573 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JEREMY STEPHENSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | ED SHERMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | CHRISTIE HURST |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | AMY BOSWORTH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JACKIE ANNAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 8883 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | OUR MISSION IS TO RAISE AWARENESS OF THE SUCCESSES AND CHALLENGES OF THE STREET AMONG THE BROADER COMMUNITY, BRING OUR GREAT MIDTOWN NEIGHBORHOODS ADJACENT TO 38TH STREET TOGETHER WITH EVENTS, NEW BUSINESS OPPORTUNITIES, AND SOCIAL ENGAGEMENT AND ADVOCATE TO THE STREET TO BE IMPROVED, CARED FOR AND ELEVATED FROM A PROBLEM TO A KEY ASSET IN OUR CIRCLE CITY. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THREE SEPARATE FUNDRAISERS WERE CONDUCTED TO PROMOTE AWARENESS OF 38TH STREET IN THE CITY OF INDIANAPOLIS. A BLUES & BBQ EVENT WAS HELD ALLOWING VENDORS TO PARTICPATE FOR FREE TO PROMOTE THEIR BUSINESSES. HELPED PROMOTE A 5K TURKEY TROT RACE WHERE A DONATION WAS MADE TO CROWN HILL CEMETERY. ALSO PROVIDED MARKETING & SPACE FOR FIVE CAR SHOWS WHICH WAS FREE OF CHARGE TO ANYONE BRINGING A CAR OR ANY VENDOR SELLING THEIR GOODS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 737 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 1472 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 1672 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 1969 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | IN |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 16914 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 1472 |
| IRS990EZ/TotalRevenueAmt | 0 | 14731 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.FRIENDSOF38TH.ORG |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd | 0 | false |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | true |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 12735 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 23028 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 10927 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 15280 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 61970 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 15245 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 61970 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 12735 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 23028 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 10927 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 15280 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 61970 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 61970 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt | 0 | 8700 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt | 0 | 8700 |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 1642 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | BLUES & BBQ EVE |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 11612 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 11612 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 2912 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 2912 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | 1270 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 1642 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 1642 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | BLUES & BBQ EVENT ADVERTISING 134 INSURANCE 975 PERMITS 1,945 VARIOUS EVENTS PRIZES 4,429 EXPENSES WEBSITE FEES 1,400 TOTAL 8,883 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | OUR MISSION IS TO RAISE AWARENESS OF THE SUCCESSES AND CHALLENGES OF THE STREET AMONG THE BROADER COMMUNITY, BRING OUR GREAT MIDTOWN NEIGHBORHOODS ADJACENT TO 38TH STREET TOGETHER WITH EVENTS, NEW BUSINESS OPPORTUNITIES, AND SOCIAL ENGAGEMENT AND ADVOCATE TO THE STREET TO BE IMPROVED, CARED FOR AND ELEVATED FROM A PROBLEM TO A KEY ASSET IN OUR CIRCLE CITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THREE SEPARATE FUNDRAISERS WERE CONDUCTED TO PROMOTE AWARENESS OF 38TH STREET IN THE CITY OF INDIANAPOLIS. A BLUES & BBQ EVENT WAS HELD ALLOWING VENDORS TO PARTICPATE FOR FREE TO PROMOTE THEIR BUSINESSES. HELPED PROMOTE A 5K TURKEY TROT RACE WHERE A DONATION WAS MADE TO CROWN HILL CEMETERY. ALSO PROVIDED MARKETING & SPACE FOR FIVE CAR SHOWS WHICH WAS FREE OF CHARGE TO ANYONE BRINGING A CAR OR ANY VENDOR SELLING THEIR GOODS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ED SHERMAN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7653460148 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-05 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FRIENDS OF 38TH INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FRIE |
| ReturnHeader/Filer/EIN | 0 | 871285796 |
| ReturnHeader/Filer/PhoneNum | 0 | 7653460148 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1003 E 38TH STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | INDIANAPOLIS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 46205 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 351918275 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BOJRAB KAUFMAN & COMPANY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1020 E DUPONT ROAD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | FORT WAYNE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 46825 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2604824573 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-11-05 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MARK C KAUFMAN |
| ReturnHeader/ReturnTs | 0 | 2025-11-06T16:01:29-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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