500 FESTIVAL INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
500 FESTIVAL INC (EIN 35-1004320)
Tax period
2019-07-01 to 2020-06-30
Filed
2021-04-06
IRS object ID
202110969349300206
Schema version
2019v5.2
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 ReturnHeader

FieldValueIRS element (for citing)
Return2021-04-06T07:33:53-05:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN351489521PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GREENWALT CPAS INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15342 W VERMONT STREETAddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46224ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN351004320EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1500 FESTIVAL INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name Control500FBusinessNameControlTxt
Phone3179273378PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line121 VIRGINIA AVENUE NO 500AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46204ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT BRYANTPersonNm
Person TitlePRESIDENT AND CEOPersonTitleTxt
Phone3179273378PhoneNum
Signature2021-04-05SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAMANDA MEKO CPAPreparerPersonNm
PTINP01062615PTIN
Phone3172412999PhoneNum
Preparation2021-04-05PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerROBERT BRYANTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line121 VIRGINIA AVENUE SUITE 500AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46204ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,648,364GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.500FESTIVAL.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1956FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionTHE MISSION OF THE 500 FESTIVAL IS TO PRODUCE LIFE-ENRICHING EVENTS AND PROGRAMS THAT CELEBRATE THE SPIRIT AND LEGACY OF THE INDIANAPOLIS 500 AND FOSTER A POSITIVE IMPACT ON THE CITY OF INDIANAPOLIS AND STATE OF INDIANA.ActivityOrMissionDesc
Voting Members Governing Body32VotingMembersGoverningBodyCnt
Voting Members Independent32VotingMembersIndependentCnt
Total Employee23TotalEmployeeCnt
Total Volunteers580TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$832,351PYContributionsGrantsAmt
CY Contributions Grants$409,042CYContributionsGrantsAmt
PY Program Service Revenue$4,734,947PYProgramServiceRevenueAmt
CY Program Service Revenue$2,738,285CYProgramServiceRevenueAmt
PY Investment Income$63,765PYInvestmentIncomeAmt
CY Investment Income$47,814CYInvestmentIncomeAmt
PY Other Revenue$341,049PYOtherRevenueAmt
CY Other Revenue$264,286CYOtherRevenueAmt
PY Total Revenue$5,972,112PYTotalRevenueAmt
CY Total Revenue$3,459,427CYTotalRevenueAmt
PY Grants And Similar Paid$34,500PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$34,553CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,790,268PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,671,079CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$335,258CYTotalFundraisingExpenseAmt
PY Other Expenses$4,274,042PYOtherExpensesAmt
CY Other Expenses$1,638,677CYOtherExpensesAmt
PY Total Expenses$6,098,810PYTotalExpensesAmt
CY Total Expenses$3,344,309CYTotalExpensesAmt
PY Revenues Less Expenses-$126,698PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$115,118CYRevenuesLessExpensesAmt
Total Assets BOY$6,000,036TotalAssetsBOYAmt
Total Assets EOY$7,041,307TotalAssetsEOYAmt
Total Liabilities BOY$663,010TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,609,285TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,337,026NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,432,022NetAssetsOrFundBalancesEOYAmt
MissionTHE MISSION OF THE 500 FESTIVAL IS TO PRODUCE LIFE-ENRICHING EVENTS AND PROGRAMS THAT CELEBRATE THE SPIRIT AND LEGACY OF THE INDIANAPOLIS 500 AND FOSTER A POSITIVE IMPACT ON THE CITY OF INDIANAPOLIS AND STATE OF INDIANA.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,705,395ExpenseAmt
Grant$34,553GrantAmt
Revenue$2,738,285RevenueAmt
DescTHE 500 FESTIVAL:PROMOTE CIVIC AND COMMUNITY PRIDE IN INDIANAPOLIS BY SPONSORING AND PRESENTING EVENTS IN CONNECTION WITH THE ANNUAL INDIANAPOLIS 500 RACE. INCLUDED IN THE EVENTS ARE THE 500 FESTIVAL PARADE, WHICH IS CONDUCTED ANNUALLY BEFORE APPROXIMATELY 300,000 SPECTATORS, A BLACK TIE BALL, AND THE 500 FESTIVAL MINI MARATHON, A 13.1 MILE FOOTRACE OVER THE STREETS OF INDIANAPOLIS WHICH HAS APPROXIMATELY 35,000 PARTICIPANTS.Desc
Total Program Service Expenses$2,705,395TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document66IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee23EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members32GoverningBodyVotingMembersCnt
Independent Voting Member32IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldINStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JENNIFER LOWEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3176146122PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line121 VIRGINIA AVENUE NO 500AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46204ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (34 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
STEVE ALONSO
DIRECTOR1.00Yes (X)$0$0$0
DOUG HEATH
DIRECTOR1.00Yes (X)$0$0$0
MIKE BOATRIGHT
DIRECTOR1.00Yes (X)$0$0$0
DOUG BOLES
DIRECTOR1.00Yes (X)$0$0$0
KATHY CABELLO
DIRECTOR1.00Yes (X)$0$0$0
DR JAMES CALLAGHAN
DIRECTOR1.00Yes (X)$0$0$0
PATRICK MCGILL
DIRECTOR1.00Yes (X)$0$0$0
ERIK MINER
DIRECTOR1.00Yes (X)$0$0$0
FRED DUFOUR
DIRECTOR1.00Yes (X)$0$0$0
PHYLLIS FERRELL
DIRECTOR1.00Yes (X)$0$0$0
SARAH FISHER
DIRECTOR1.00Yes (X)$0$0$0
JUAN GONZALES
DIRECTOR1.00Yes (X)$0$0$0
MARTY HILL
DIRECTOR1.00Yes (X)$0$0$0
CHRISTINA MOUNGEY
DIRECTOR1.00Yes (X)$0$0$0
JEFF HOLLEY
DIRECTOR1.00Yes (X)$0$0$0
ALLISON MELANGTON
DIRECTOR1.00Yes (X)$0$0$0
SCOTT MOLANDER
DIRECTOR1.00Yes (X)$0$0$0
DENNIS MURPHY
DIRECTOR1.00Yes (X)$0$0$0
SYAM NAIR
DIRECTOR1.00Yes (X)$0$0$0
JONATHAN NALLI
DIRECTOR1.00Yes (X)$0$0$0
TIM OLIVER
DIRECTOR1.00Yes (X)$0$0$0
KEVIN PASTOOR
DIRECTOR1.00Yes (X)$0$0$0
NASSER PAYDAR
DIRECTOR1.00Yes (X)$0$0$0
JAMES POORE
SECRETARY1.00Yes (X)$0$0$0Yes (X)
MELISSA PROFFITT
TREASURER1.00Yes (X)$0$0$0Yes (X)
ROB PRUITT
VICE CHAIRMAN1.00Yes (X)$0$0$0Yes (X)
AARON REITZ
DIRECTOR1.00Yes (X)$0$0$0
MARIO RODRIGUEZ
DIRECTOR1.00Yes (X)$0$0$0
JOE SANTUCCI
DIRECTOR1.00Yes (X)$0$0$0
LEAH STARK
DIRECTOR1.00Yes (X)$0$0$0
TANYA SOVINSKI
DIRECTOR1.00Yes (X)$0$0$0
MIKE STROHL
CHAIR1.00Yes (X)$0$0$0Yes (X)
ROBERT BRYANT
PRESIDENT & CEO40.00$414,083$0$39,985Yes (X)
JENNIFER LOWE
SVP ADMINISTRATION40.00$134,030$0$21,774Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$548,113TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$61,759TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Membership Dues$185,514MembershipDuesAmt
Related Organizations$82,500RelatedOrganizationsAmt
All Other Contributions$141,028AllOtherContributionsAmt
Noncash Contributions$32,573NoncashContributionsAmt
Total Contributions$409,042TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
SPONSORSHIPS900099$1,433,312$1,433,312
500 FESTIVAL EVENTS AN900099$1,262,473$1,262,473
PUBLICITY AND PROMOTIO900099$42,500$42,500
FieldValueIRS element (for citing)
Total Program Service Revenue$2,738,285TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$22,282TotalRevenueColumnAmt
Exclusion$22,282ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$232,556RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$232,556RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$232,556TotalRevenueColumnAmt
Exclusion$232,556ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$214,469SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$188,937SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$25,532SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$25,532TotalRevenueColumnAmt
Exclusion$25,532ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Business900099BusinessCd
Total Revenue Column$31,730TotalRevenueColumnAmt
Related Or Exempt Func Income$31,730RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$31,730OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,459,427TotalRevenueColumnAmt
Related Or Exempt Func Income$2,770,015RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$280,370ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$34,553TotalAmt
Program Services$34,553ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$621,523TotalAmt
Program Services$435,067ProgramServicesAmt
Management And General$62,152ManagementAndGeneralAmt
Fundraising$124,304FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$813,548TotalAmt
Program Services$569,484ProgramServicesAmt
Management And General$81,355ManagementAndGeneralAmt
Fundraising$162,709FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$22,693TotalAmt
Program Services$15,885ProgramServicesAmt
Management And General$2,270ManagementAndGeneralAmt
Fundraising$4,538FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$178,748TotalAmt
Program Services$125,123ProgramServicesAmt
Management And General$17,875ManagementAndGeneralAmt
Fundraising$35,750FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$34,567TotalAmt
Program Services$24,197ProgramServicesAmt
Management And General$3,457ManagementAndGeneralAmt
Fundraising$6,913FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$23,538TotalAmt
Management And General$23,538ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$168,529TotalAmt
Program Services$168,529ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$12,953TotalAmt
Program Services$9,715ProgramServicesAmt
Management And General$3,238ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$51,987TotalAmt
Program Services$38,990ProgramServicesAmt
Management And General$12,997ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$323,309TotalAmt
Program Services$242,481ProgramServicesAmt
Management And General$80,828ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$5,219TotalAmt
Program Services$3,653ProgramServicesAmt
Management And General$522ManagementAndGeneralAmt
Fundraising$1,044FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$44,957TotalAmt
Program Services$44,957ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$27,027TotalAmt
Program Services$20,270ProgramServicesAmt
Management And General$6,757ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
500 FESTIVAL EVENTS$868,536$868,536
VOLUNTEER PROGRAM$55,782$55,782
BANK FEES$18,232$13,674$4,558
MISCELLANEOUS$16,435$12,326$4,109

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$22,173TotalAmt
Program Services$22,173ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,344,309TotalAmt
Program Services$2,705,395ProgramServicesAmt
Management And General$303,656ManagementAndGeneralAmt
Fundraising$335,258FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,383,739BOYAmt
EOY$2,369,426EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$478,675BOYAmt
EOY$440,197EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$6,978BOYAmt
EOY$6,718EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$181,854BOYAmt
EOY$324,365EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,933,201LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$922,781LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,070,105BOYAmt
EOY$3,010,420EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$791,700BOYAmt
EOY$809,630EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$86,985BOYAmt
EOY$80,551EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$6,000,036BOYAmt
EOY$7,041,307EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$283,555BOYAmt
EOY$272,379EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$379,455BOYAmt
EOY$1,336,906EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$663,010BOYAmt
EOY$1,609,285EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,337,026BOYAmt
EOY$5,432,022EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,337,026BOYAmt
EOY$5,432,022EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,000,036BOYAmt
EOY$7,041,307EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$115,118ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$20,122NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,474,347OtherCostOrOtherBasisAmt
Book Value$1,474,347BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,730,755OtherCostOrOtherBasisAmt
Depreciation$333,751DepreciationAmt
Book Value$1,397,004BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$191,591OtherCostOrOtherBasisAmt
Depreciation$111,711DepreciationAmt
Book Value$79,880BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$536,508OtherCostOrOtherBasisAmt
Depreciation$477,319DepreciationAmt
Book Value$59,189BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,010,420TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$3,510,181TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$20,122NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$70,876DonatedServicesAndUseFcltsAmt
Revenue Not Reported$50,754RevenueNotReportedAmt
Revenue Subtotal$3,459,427RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$3,459,427TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,415,185TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$70,876DonatedServicesUseFcltsAmt
Expenses Not Reported$70,876ExpensesNotReportedAmt
Expenses Subtotal$3,344,309ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,344,309TotalExpensesPerForm990Amt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypePRINCESS SCHOLARSHIP PROGRAMGrantTypeTxt
Recipient33RecipientCnt
Cash Grant$34,553CashGrantAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
ROBERT BRYANT
PRESIDENT & CEO$363,831$0$50,252$0$0$0$16,800$0$23,185$0$454,068$0$0$0
JENNIFER LOWE
SVP ADMINISTRATION$126,351$0$7,679$0$0$0$8,159$0$13,615$0$155,804$0$0$0

Schedule M IRS990ScheduleM

Food Inventory FoodInventoryGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution6ContributionCnt
Noncash Contributions Rpt F990$10,952NoncashContributionsRptF990Amt
Method Of Determining RevenuesCOSTMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)EQUIPMENT2$11,105COST
Yes (X)APPAREL1$10,516COST
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2THREE MEMBERS OF THE BOARD OF DIRECTORS HAVE WORKING RELATIONSHIPS WITH INDIANAPOLIS MOTOR SPEEDWAY.
FORM 990, PART VI, SECTION B, LINE 11BTHE PRESIDENT AND CEO AS WELL AS THE SENIOR VP OF ADMINSTRATION REVIEW THE FORM 990 PRIOR TO ISSUANCE.
FORM 990, PART VI, SECTION B, LINE 12CAT THE ANNUAL BOARD MEETING WHERE NEW BOARD MEMBERS ARE INTRODUCED, ALL BOARD MEMBERS ARE GIVEN A NEW CONFLICT OF INTEREST STATEMENT FOR COMPLETION.
FORM 990, PART VI, SECTION B, LINE 15THE BOARD OF DIRECTORS HAS AN EXECUTIVE COMMITTEE THAT DETERMINES COMPENSATION. FROM TIME TO TIME A SALARY STUDY IS DONE TO MAKE SURE COMPENSATION IS IN ALIGNMENT.
FORM 990, PART VI, SECTION C, LINE 19WE DO NOT MAKE THESE DOCUMENTS AVAILABLE TO THE PUBLIC.
FORM 990, PART XII, LINE 2CTHE AUDIT OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1500 FESTIVAL FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line121 VIRGINIA AVE SUITE 500AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46204ZIPCd
FieldValueIRS element (for citing)
EIN351961814EIN
Primary ActivitiesFUNDRAISINGPrimaryActivitiesTxt
Legal Domicile StateINLegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 12B, IIPublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1500 FESTIVAL FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeCTransactionTypeTxt
Involved$82,500InvolvedAmt
Method Of Amount DeterminationCASH VALUEMethodOfAmountDeterminationTxt

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