INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC (EIN 35-6013771)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-10-04
- IRS object ID
- 202442789349301224
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule J
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-04T13:30:46+00:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 440160260 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Forvis Mazars LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 820 Massachusetts Ave Suite 1370 | AddressLine1Txt |
| City | Indianapolis | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 356013771 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | INDI | BusinessNameControlTxt |
| Phone | 3174925704 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4750 WEST 16TH STREET | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46222 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Constance Lund | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Signature | 2024-10-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Nicole Fishback | PreparerPersonNm |
| PTIN | P01279475 | PTIN |
| Phone | 3173834000 | PhoneNum |
| Preparation | 2024-11-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONSTANCE LUND | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4750 WEST 16TH STREET | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46222 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $44,152,256 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.IMSMUSEUM.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1957 | FormationYr |
| Legal Domicile State | IN | LegalDomicileStateCd |
| Activity Or Mission | TO CELEBRATE THE INNOVATION, THRILL, AND CULTURAL SIGNIFICANCE OF RACING AT THE INDIANAPOLIS MOTOR SPEEDWAY AND PRESERVE THE HISTORY BEHIND THE INDPLS MOTOR SPEEDWAY AND INDPLS 500. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 129 | TotalEmployeeCnt |
| Total Volunteers | 30 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $13,431,007 | PYContributionsGrantsAmt |
| CY Contributions Grants | $39,397,287 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $3,280,801 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $3,002,257 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$412,007 | PYInvestmentIncomeAmt |
| CY Investment Income | $10,820 | CYInvestmentIncomeAmt |
| PY Other Revenue | $12,868 | PYOtherRevenueAmt |
| CY Other Revenue | $147,912 | CYOtherRevenueAmt |
| PY Total Revenue | $16,312,669 | PYTotalRevenueAmt |
| CY Total Revenue | $42,558,276 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,473,830 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,067,945 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $484,782 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,971,888 | PYOtherExpensesAmt |
| CY Other Expenses | $3,488,315 | CYOtherExpensesAmt |
| PY Total Expenses | $5,445,718 | PYTotalExpensesAmt |
| CY Total Expenses | $6,556,260 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $10,866,951 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $36,002,016 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $27,846,137 | TotalAssetsBOYAmt |
| Total Assets EOY | $65,144,724 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $385,269 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,447,104 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $27,460,868 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $63,697,620 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | The Indianapolis Motor Speedway Museum brings to life the innovation, thrill, and cultural significance of motor racing at the Indianapolis Motor Speedway. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | Yes (true) | SignificantChangeInd |
| Expense | $3,073,673 | ExpenseAmt |
| Revenue | $2,888,762 | RevenueAmt |
| Desc | THE INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION, INC. MANAGES A MUSEUM, ITS COLLECTION AND PUBLIC PROGRAMS. THE MUSEUM'S COLLECTION CONSISTS OF HISTORICALLY AND CULTURALLY SIGNIFICANT ITEMS THAT INCLUDE VEHICLES, RACE CARS, RACING ARTIFACTS, ARTWORK, AND PUBLICATIONS. THE MUSEUM OFFERS A COMBINATION OF ROTATING AND PERMANENT EXHIBITS THAT FOCUS ON THE HISTORY AND IMPACT OF THE INDIANAPOLIS MOTOR SPEEDWAY, INDYCAR RACING, AND MOTORSPORTS. IN ADDITION, THE MUSEUM OFFERS UNIQUE TOURS OF THE SPEEDWAY TRACK AND FACILITIES. EDUCATIONAL AND INFORMATION PROGRAMMING FOR THE PUBLIC RANGING FROM STUDENTS ON A FIELD TRIP TO LIFELONG LEARNING OPPORTUNITIES, IS AT THE HEART OF THE WORK OF THE MUSEUM. THE MUSEUM ALSO CONDUCTS A SCHOOL DAY PROGRAM EACH MAY DURING PRACTICE FOR THE INDIANAPOLIS 500 MILE RACE. SEVERAL THOUSAND STUDENTS PARTICIPATED IN 2023. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $821,523 | ExpenseAmt |
| Revenue | $123,200 | RevenueAmt |
| Desc | RESTORATION TO PRESERVE EDUCATE AND CELEBRATE RACING HISTORY THROUGH ITEMS THAT ARE ON DISPLAY OR PARTICIPATE IN RACING CEREMONIES. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $19,155 | ExpenseAmt |
| Revenue | $35,885 | RevenueAmt |
| Desc | THE DISTINGUISHED SPEAKER SERIES, FUEL UP FRIDAYS AND LUNCH & LEARN INFORM, EDUCATE AND ENTERTAIN RACING ENTHUSIASTS THROUGH STORY-TELLING BY AND DISCUSSIONS WITH ICONIC RACING PERSONALITIES AND BEHIND THE SCENES PERSPECTIVES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $3,914,351 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (true) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (true) | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 22 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 129 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | Yes (true) | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 1 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | DE | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | HI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ID | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | LA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ME | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NE | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NV | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NM | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ND | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AZ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | RI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TX | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | UT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | VT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WV | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WY | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PHIL FOSTER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3174925701 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4750 WEST 16TH STREET | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46222 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| CONSTANCE LUND | ||||||||
| TREASURER & DIRECTOR | 2.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JEFFREY B SMITH | ||||||||
| SECRETARY AND DIRECTOR | 0.5 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ROBERT DYSON | ||||||||
| CHAIR AND DIRECTOR | 0.5 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ANGELA KRAHULIK | ||||||||
| DIRECTOR | 0.5 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| BLAIR HALL | ||||||||
| DIRECTOR | 0.5 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| CHRIS MACALLISTER | ||||||||
| DIRECTOR | 0.5 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| CHUCK JONES | ||||||||
| DIRECTOR | 0.5 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| DOUGLAS BOLES | ||||||||
| DIRECTOR | 0.5 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| DUJUAN MCCOY | ||||||||
| DIRECTOR | 0.5 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| FRED J NATION | ||||||||
| DIRECTOR | 0.5 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| KIRK HENDRIX | ||||||||
| DIRECTOR | 0.5 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| MARLYNE SEXTON | ||||||||
| DIRECTOR | 0.5 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT RAHAL | ||||||||
| DIRECTOR | 0.5 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| SCOTT BORCHETTA | ||||||||
| DIRECTOR | 0.5 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| JOHN JOSEPH HALE JR | ||||||||
| PRESIDENT | 40.0 | 0.0 | Yes (X) | $398,129 | $0 | $15,354 | ||
| PHIL FOSTER | ||||||||
| DIRECTOR OF FINANCE | 40.0 | 0.0 | Yes (X) | $114,102 | $0 | $28,329 | ||
| KARA KOVERT PRAY | ||||||||
| VP OF ADVANCEMENT | 40.0 | 0.0 | $120,471 | $0 | $7,793 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $632,702 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $51,476 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SHIEL SEXTON COMPANY INC | |||||
| 902 N CAPITAL AVENUE | INDIANAPOLIS | IN | 46204 | CONSTRUCTION | $4,463,413 |
| CRATERS & FREIGHTERS OF INDIANAPOLIS | |||||
| 6870 HAWTHORN PARK DRIVE | INDIANAPOLIS | IN | 46220 | OFFICE MOVE | $495,344 |
| AUTOMOTIVE EVENTS INC | |||||
| 801 CANTERBURY SUITE C | WESTLAKE | OH | 44145 | TRAVEL SERVICES | $137,877 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $108,996 | MembershipDuesAmt |
| Fundraising | $22,850 | FundraisingAmt |
| All Other Contributions | $39,265,441 | AllOtherContributionsAmt |
| Noncash Contributions | $190,000 | NoncashContributionsAmt |
| Total Contributions | $39,397,287 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| GROUND AND TRACK TOURS | 711210 | $891,231 | $891,231 |
| MUSEUM ADMISSIONS | 711210 | $1,799,779 | $1,799,779 |
| REIMBURSED SERVICES | 900099 | $123,200 | $123,200 |
| RENTAL | 900099 | $150,332 | $150,332 |
| OTHER INCOME | 900099 | $37,715 | $37,715 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $3,002,257 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $703,953 | TotalRevenueColumnAmt |
| Exclusion | $703,953 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $455 | TotalRevenueColumnAmt |
| Exclusion | $455 | ExclusionAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $737,471 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $699,681 | SecuritiesAmt |
| Other | $730,923 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $37,790 | SecuritiesAmt |
| Other | -$730,923 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$693,133 | TotalRevenueColumnAmt |
| Exclusion | -$693,133 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $265,243 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $22,850 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $163,376 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $101,867 | TotalRevenueColumnAmt |
| Exclusion | $101,867 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $45,590 | GrossSalesOfInventoryAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $45,590 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $45,590 | RelatedOrExemptFuncIncomeAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $42,558,276 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,047,847 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $113,142 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $684,178 | TotalAmt |
| Program Services | $136,836 | ProgramServicesAmt |
| Management And General | $306,751 | ManagementAndGeneralAmt |
| Fundraising | $240,591 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,856,544 | TotalAmt |
| Program Services | $1,017,133 | ProgramServicesAmt |
| Management And General | $839,411 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,219 | TotalAmt |
| Management And General | $98,219 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $242,099 | TotalAmt |
| Program Services | $560 | ProgramServicesAmt |
| Management And General | $241,539 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $186,905 | TotalAmt |
| Management And General | $186,905 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,643 | TotalAmt |
| Management And General | $51,643 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,100 | TotalAmt |
| Management And General | $10,100 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $368,202 | TotalAmt |
| Program Services | $230,117 | ProgramServicesAmt |
| Management And General | $129,230 | ManagementAndGeneralAmt |
| Fundraising | $8,855 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $208,190 | TotalAmt |
| Program Services | $187,465 | ProgramServicesAmt |
| Management And General | $355 | ManagementAndGeneralAmt |
| Fundraising | $20,370 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $148,059 | TotalAmt |
| Program Services | $126,049 | ProgramServicesAmt |
| Management And General | $15,669 | ManagementAndGeneralAmt |
| Fundraising | $6,341 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $948,572 | TotalAmt |
| Program Services | $872,090 | ProgramServicesAmt |
| Management And General | $31,658 | ManagementAndGeneralAmt |
| Fundraising | $44,824 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,898 | TotalAmt |
| Program Services | $33,017 | ProgramServicesAmt |
| Management And General | $16,867 | ManagementAndGeneralAmt |
| Fundraising | $14 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,476 | TotalAmt |
| Management And General | $2,476 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $140,578 | TotalAmt |
| Program Services | $29,307 | ProgramServicesAmt |
| Management And General | $111,271 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $195,861 | TotalAmt |
| Program Services | $174,475 | ProgramServicesAmt |
| Management And General | $21,386 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| EVENT/EXHIBITION EXPENSE | $146,049 | $12,580 | $133,469 | |
| MAINTENANCE | $1,059,121 | $984,026 | $8,780 | $66,315 |
| MISCELLANEOUS EXPENSE | $159,566 | $110,696 | $21,538 | $27,332 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,556,260 | TotalAmt |
| Program Services | $3,914,351 | ProgramServicesAmt |
| Management And General | $2,157,127 | ManagementAndGeneralAmt |
| Fundraising | $484,782 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,719,408 | BOYAmt |
| EOY | $3,907,051 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,856,680 | BOYAmt |
| EOY | $18,346,644 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $164,934 | BOYAmt |
| EOY | $31,581 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $302,505 | BOYAmt |
| EOY | $223,255 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $6,058,966 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $560,550 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,182,094 | BOYAmt |
| EOY | $5,498,416 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,593,483 | BOYAmt |
| EOY | $36,503,090 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,033 | BOYAmt |
| EOY | $634,687 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,846,137 | BOYAmt |
| EOY | $65,144,724 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,179 | BOYAmt |
| EOY | $556,124 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $280,287 | BOYAmt |
| EOY | $45,012 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,636 | BOYAmt |
| EOY | $37,694 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,167 | BOYAmt |
| EOY | $808,274 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $385,269 | BOYAmt |
| EOY | $1,447,104 | EOYAmt |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,871,198 | BOYAmt |
| EOY | $16,747,804 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,589,670 | BOYAmt |
| EOY | $46,949,816 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,460,868 | BOYAmt |
| EOY | $63,697,620 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,846,137 | BOYAmt |
| EOY | $65,144,724 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $36,002,016 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,340,866 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,083,280 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,620,972 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,880,339 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,984,884 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,155,430 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $19,374,437 | CurrentTaxYearAmt |
| Total | $44,016,062 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,337,229 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,397,837 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,092,187 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,657,470 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,047,847 | CurrentTaxYearAmt |
| Total | $24,532,570 | TotalAmt |
Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $106,194 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus1 Year | $49,646 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $288,093 | CurrentTaxYearAmt |
| Total | $443,933 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,064,395 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,278,176 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $9,077,071 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $25,862,546 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $22,710,377 | CurrentTaxYearAmt |
| Total | $68,992,565 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,626,468 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,130,596 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,100,237 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,924,423 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $12,490,258 | CurrentTaxYearAmt |
| Total | $28,271,982 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,003,513 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $5,003,513 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,626,468 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,130,596 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,100,237 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $16,927,936 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $12,490,258 | CurrentTaxYearAmt |
| Total | $33,275,495 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $35,717,070 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $74,989 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $90,564 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $260,350 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $310,354 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $704,408 | CurrentTaxYearAmt |
| Total | $1,440,665 | TotalAmt |
Post1975 UBTI Post1975UBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $74,989 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $90,564 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $260,350 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $310,354 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $704,408 | CurrentTaxYearAmt |
| Total | $1,440,665 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,139,384 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,368,740 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $9,337,421 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $26,172,900 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $23,414,785 | CurrentTaxYearAmt |
| Total | $70,433,230 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.5071 | PublicSupportCY509Pct |
| Public Support PY509 | 0.5199 | PublicSupportPY509Pct |
| Investment Income CY | 0.02 | InvestmentIncomeCYPct |
| Investment Income PY | 0.02 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| CY Adj Net Income Distributable | $0 | CYAdjNetIncomeDistributableAmt |
| CY Pct85 Adjusted Net Income | $0 | CYPct85AdjustedNetIncomeAmt |
| CY Total Min Ast Distributable | $0 | CYTotalMinAstDistributableAmt |
| CY Greater Adjusted Minimum | $0 | CYGreaterAdjustedMinimumAmt |
| CY Income Tax Imposed PY | $0 | CYIncomeTaxImposedPYAmt |
| CY Distributable As Adjusted | $0 | CYDistributableAsAdjustedAmt |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part III UNUSUAL GRANT | FormAndLineReferenceDesc |
| Explanation | The Indianapolis Motor Speedway Foundation (IMSF) received a grant in 2023 that is considered an unusual grant for the purpose of Schedule A, Part III. IMSF received a singular grant of $20 million from a private foundation during tax year 2023. IMS feels this grant meets the unusual factor of a public-support test and has provided details to support this in the following paragraphs: IMSF, which has been and remains active in soliciting public contributions, is in the midst of an $89 million capital campaign to completely renovate its primary venue, construct a new restoration facility, and build an endowment. This specific private foundation cash contribution of $20 million is the largest contribution received to date, and in fact, considerably the largest in IMSF's 48-year history. Meanwhile, the capital campaign has also received contributions from multiple donors and is expected to continue generating financial support from the general public. IMSF's governing body is comprised of community leaders who are active in helping identify and secure sources of public support. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,840,488 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $451,728 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $11,744 | AdministrativeExpensesAmt |
| End Year Balance | $3,280,472 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,420,106 | BeginningYearBalanceAmt |
| Contributions | $854 | ContributionsAmt |
| Investment Earnings Or Losses | -$529,682 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $33,000 | OtherExpendituresAmt |
| Administrative Expenses | $17,790 | AdministrativeExpensesAmt |
| End Year Balance | $2,840,488 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,473,754 | BeginningYearBalanceAmt |
| Contributions | $1,464,833 | ContributionsAmt |
| Investment Earnings Or Losses | $496,852 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $15,333 | AdministrativeExpensesAmt |
| End Year Balance | $3,420,106 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,212,640 | BeginningYearBalanceAmt |
| Contributions | $110,000 | ContributionsAmt |
| Investment Earnings Or Losses | $203,095 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $43,150 | OtherExpendituresAmt |
| Administrative Expenses | $8,831 | AdministrativeExpensesAmt |
| End Year Balance | $1,473,754 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $993,686 | BeginningYearBalanceAmt |
| Contributions | $1,000 | ContributionsAmt |
| Investment Earnings Or Losses | $225,867 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $7,913 | AdministrativeExpensesAmt |
| End Year Balance | $1,212,640 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 1.0 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.0 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.0 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $166,711 | OtherCostOrOtherBasisAmt |
| Depreciation | $166,711 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $742,907 | OtherCostOrOtherBasisAmt |
| Depreciation | $393,839 | DepreciationAmt |
| Book Value | $349,068 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,149,348 | OtherCostOrOtherBasisAmt |
| Book Value | $5,149,348 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $5,498,416 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| Retainage Payable | $61,792 |
| Purchase Accruals | $8,000 |
| Operating Lease Liabilities | $634,687 |
| Accrued Salary & Wages | $103,795 |
| Lease Obligation | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $808,274 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $42,861,037 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,340,866 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $163,376 | OtherRevenueAmt |
| Revenue Not Reported | $1,504,242 | RevenueNotReportedAmt |
| Revenue Subtotal | $41,356,795 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $60,987 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $1,117,644 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,178,631 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $42,535,426 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $6,656,173 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $163,376 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $163,376 | ExpensesNotReportedAmt |
| Expenses Subtotal | $6,492,797 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $60,987 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $2,476 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $63,463 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $6,556,260 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part III, Line 3(a) | DESCRIPTION OF THE ORGANIZATION'S COLLECTIONS: FOOTNOTE TO THE FINANCIAL STATEMENTS: COLLECTIONS OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS ARE NOT CAPITALIZED IN AS MUCH AS THE ITEMS ARE PRESERVED AND CARED FOR CONTINUOUSLY. MUSEUM COLLECTIONS CONSIST PRIMARILY OF ANTIQUE AUTOMOBILES, RACE CARS, DONATED PACE CARS AND OTHER RACING MEMORABILIA. THE FOUNDATION REFLECTS THE FAIR VALUE OF DONATED COLLECTION ITEMS IN THE STATEMENTS OF ACTIVITIES. PURCHASES OF COLLECTION ITEMS ARE REPORTED IN THE YEAR OF ACQUISITION AS DECREASES IN UNRESTRICTED NET ASSETS, OR IN TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS WERE RESTRICTED TO THAT USE BY DONOR STIPULATION. PROCEEDS FROM DISPOSAL OF AND INSURANCE RECOVERIES RELATED TO COLLECTION ITEMS ARE REPORTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES AND ARE USED FOR THE ACQUISITION OF OTHER COLLECTION ITEMS AND THE DIRECT CARE OF COLLECTION OBJECTS. MUSEUM COLLECTIONS ARE EXPENSED WHEN PURCHASED OR DONATED. |
| Schedule D, Part X | ASC 740 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. |
| Schedule D, Part III, Line 4 Collections of art - description of collections | MUSEUM COLLECTIONS CONSIST PRIMARILY OF ANTIQUE AUTOMOBILES, RACE CARS, PACE CARS AND OTHER RACING MEMORABILIA. MOST OF THE FOUNDATION'S AUTOMOBILE COLLECTION IS COMPRISED OF WINNING RACE CARS AND ANTIQUE PASSENGER CARS FOR WHICH NO ESTABLISHED MARKET VALUE EXISTS. THE COLLECTIONS ARE DIRECTLY RELATED TO THE HISTORY OF RACING AND ARE DISPLAYED TO EDUCATE AND ENLIGHTEN THE PUBLIC. |
| Schedule D, Part V, Line 4 Intended uses of endowment funds | THE PURPOSE OF THE ENDOWMENT SPENDING IS TO ENSURE THE STABILITY OF THE MISSION, PROGRAMS, EMPLOYMENT AND ONGOING OPERATIONS OF THE FOUNDATION |
| Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 | Fundraising Expenses - 163376 Cost of Goods Sold - |
| Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements | Interest Expense - 2476 Collections Donated - 190000 Pledge Discounts - 925168 |
| Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 | Fundraising Expenses - 163376 Cost of Goods Sold - |
| Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements | Interest Expense - 2476 |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Speaker Series | Event1Nm |
| Gross Receipts Event1 | $34,515 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $34,515 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $119 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $7,274 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $9,974 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $618 | OtherDirectExpensesEvent1Amt |
| Event2 | HOF Dinner | Event2Nm |
| Gross Receipts Event2 | $244,708 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $22,850 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $221,858 | GrossRevenueEvent2Amt |
| Non Cash Prizes Event2 | $1,768 | NonCashPrizesEvent2Amt |
| Rent Facility Costs Event2 | $75,017 | RentFacilityCostsEvent2Amt |
| Entertainment Event2 | $48,545 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $18,891 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 4 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $8,870 | GrossReceiptsOtherEventsAmt |
| Gross Revenue Other Events | $8,870 | GrossRevenueOtherEventsAmt |
| Food And Beverage Other Events | $1,170 | FoodAndBeverageOtherEventsAmt |
| Gross Receipts Total | $288,093 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $22,850 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $265,243 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $1,768 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $75,136 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $8,444 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $58,519 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $19,509 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $163,376 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $101,867 | NetIncomeSummaryAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN JOSEPH HALE JR | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | PRESIDENT | TitleTxt |
| Base Compensation Filing Org | $273,129 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $125,000 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $13,656 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $1,698 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $413,483 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule J, Part I, Line 7 Non-fixed payments | FormAndLineReferenceDesc |
| Explanation | PROCESS FOR DETERMINING OFFICER COMPENSATION: IN ADDITION TO THE BASE SALARY, THE PRESIDENT IS ELIGIBLE FOR AN ANNUAL BONUS BASED ON THE FOUNDATION'S ATTAINMENT OF SPECIFIC OBJECTIVES TO BE DETERMINED ANNUALLY BY THE BOARD, AND A "STRETCH BONUS" BASED ON TRANSFORMATIONAL OBJECTIVES. IN 2023 THESE OBJECTIVES WERE FOCUSED ON REOPENING THE MUSEUM AFTER THE PANDEMIC, STAFF DEVELOPMENT AND A STRATEGIC PLAN TO REIMAGINE THE MUSEUM. THE BONUS WAS APPROVED BY THE BOARD IN DECEMBER 2023. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Indianapolis Motor Speedway LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | Officer is a Board Member | RelationshipDescriptionTxt |
| Transaction | $222,431 | TransactionAmt |
| Transaction | Shared Services Agreement | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule L, Part IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS | FormAndLineReferenceDesc |
| Explanation | THE FOUNDATION HAS ENTERED INTO A SHARED SERVICES AGREEMENT (AGREEMENT) WITH THE INDIANAPOLIS MOTOR SPEEDWAY, LLC (IMS). THE AGREEMENT DESCRIBES THE TERMS BETWEEN IMS AND THE FOUNDATION WITH RESPECT TO IMS'S PERSONNEL PERFORMING LICENSING AND MAINTENANCE OF ITS INTELLECTUAL PROPERTY, MARKETING, PUBLIC RELATIONS AND CREATIVE SERVICES, INFORMATION TECHNOLOGY MAINTENANCE, REPAIR AND SUPPORT, AND MAIL SERVICES. THE AGREEMENT IS RENEWABLE ON AN ANNUAL BASIS. IMS OWNS THE INDIANAPOLIS MOTOR SPEEDWAY AND PROVIDES THE FOUNDATION'S FACILITY UNDER THE TERMS OF A RENT FREE LEASE. | ExplanationTxt |
Schedule M IRS990ScheduleM
Art Historical Treasures ArtHistoricalTreasuresGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $110,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Cars And Other Vehicles CarsAndOtherVehiclesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $80,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 1 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule M, Part I, Line 33 Amounts Reported in Column (C): | THE FOUNDATION RECEIVED SEVERAL COLLECTIBLE ITEMS DURING THE YEAR. PER SFAS 116, THE FOUNDATION DOES NOT RECORD THESE ITEMS AS REVENUE ON THE FINANCIAL STATEMENTS. THEREFORE THESE ITEMS ARE NOT CAPITALIZED. |
| Schedule M, Part I Explanations of reporting method for number of contributions | Art - Historical treasures - Number of Items Cars and other vehicles - Number of Items |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 3 Significant changes in program services | IN NOVEMBER 2023 THE MUSEUM CLOSED FOR SUBSTANTIAL INFRASTRUCTURE AND TECHNOLOGY RENOVATIONS. IT IS SCHEDULED TO REOPEN IN APRIL 2025. ALTHOUGH TRACK TOURS AND OFFSITE MEMBERSHIP PROGRAMS WILL BE OFFERED DURING THE CLOSURE PERIOD, THERE WILL BE NO MUSEUM ADMISSIONS. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | THE BOARD ENGAGES A FIRM TO PERFORM AN INDEPENDENT AUDIT OF THE ORGANIZATIONS FINANCIAL STATEMENTS. THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AFTER AUDIT IS COMPLETE AND REVIEWED BY THE FINANCE COMMITTEE. THE RESULTS ARE FORMALLY PRESENTED TO THE BOARD ALONG WITH MANAGEMENT REMARKS. THE BOARD TREASURER SIGNS THE RETURN PRIOR TO FILING. |
| Form 990, Part VI, Line 12c Conflict of interest policy | THE ORGANIZATION HAS ADOPTED A CONFLICT-OF-INTEREST POLICY THAT REQUIRES DIRECTORS TO SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE. THE ANNUAL DISCLOSURE REQUIRES DIRECTORS, TO DISCLOSE, IN WRITING, ANY KNOWN FINANCIAL INTEREST THE INDIVIDUAL HAS IN ANY BUSINESS ENTITY THAT TRANSACTS BUSINESS WITH THE ORGANIZATION. IN ADDITION, DIRECTORS ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST THAT ARISE MID-YEAR IN RELATION TO A PROPOSED TRANSACTION. THE CONFLICT-OF-INTEREST POLICY REQUIRES ANY INDIVIDUAL WITH A CONFLICT BE RECUSED FROM THE DECISION-MAKING PROCESS, INDEPENDENT DIRECTORS OR COMMITTEE MEMBERS DETERMINE THE PROPOSED TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION, AND THE TRANSACTION MUST BE APPROVED BY A VOTE OF THE INDEPENDENT DIRECTORS OR COMMITTEE MEMBERS WITHOUT THE PARTICIPATION OF ANY INTERESTED INDIVIDUAL. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | THE GOVERNANCE COMMITTEE REVIEWS AND RECOMMENDS, AND THE BOARD APPROVES THE COMPENSATION FOR THE PRESIDENT. THE SALARY IS BASED ON PAY FOR A COMPARABLE POSITION. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | THE GOVERNANCE COMMITTEE REVIEWS AND RECOMMENDS, AND THE BOARD APPROVES THE COMPENSATION FOR OFFICERS. THE SALARY IS BASED ON PAY FOR A COMPARABLE POSITION. |
| Form 990, Part VI, Line 19 Required documents available to the public | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONLFICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | Pledge Discounts - -925168; Proceeds from Deaccession - 31888; Donated Items Not Capitalized - -190000; |
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