500 FESTIVAL INC: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
500 FESTIVAL INC (EIN 35-1004320)
Tax period
2018-07-01 to 2019-06-30
Filed
2020-03-12
IRS object ID
202040729349300624
Schema version
2018v3.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2020-03-12T13:08:48-05:00ReturnTs
Tax Period End2019-06-30TaxPeriodEndDt

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 Begin2018-07-01TaxPeriodBeginDt

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
Signature2020-03-05SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAMANDA MEKO CPAPreparerPersonNm
PTINP01062615PTIN
Phone3172412999PhoneNum
Preparation2020-03-05PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address50.222.35.158IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-03-05IPDt
IP Tm09:55:04IPTm
IP TimezoneUSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id6C9B1A35775087DBDB8A6D25ECA509C7F6C27838AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2021-09-10 13:11:23ZBuildTS

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$6,212,824GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.500FESTIVAL.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1956FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionTO CREATE AND PRODUCE LIFE-ENRICHING EVENTS AND PROGRAMS THAT BENEFIT INDIANA CITIZENS WHILE CELEBRATING AND SUPPORTING THE ECONOMIC IMPACT, SPIRIT AND LEGACY OF THE INDIANAPOLIS 500ActivityOrMissionDesc
Voting Members Governing Body32VotingMembersGoverningBodyCnt
Voting Members Independent32VotingMembersIndependentCnt
Total Employee24TotalEmployeeCnt
Total Volunteers3200TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,051,235PYContributionsGrantsAmt
CY Contributions Grants$832,351CYContributionsGrantsAmt
PY Program Service Revenue$4,602,933PYProgramServiceRevenueAmt
CY Program Service Revenue$4,734,947CYProgramServiceRevenueAmt
PY Investment Income$39,159PYInvestmentIncomeAmt
CY Investment Income$63,765CYInvestmentIncomeAmt
PY Other Revenue$326,045PYOtherRevenueAmt
CY Other Revenue$341,049CYOtherRevenueAmt
PY Total Revenue$6,019,372PYTotalRevenueAmt
CY Total Revenue$5,972,112CYTotalRevenueAmt
PY Grants And Similar Paid$33,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$34,500CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,698,960PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,790,268CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$361,564CYTotalFundraisingExpenseAmt
PY Other Expenses$4,357,142PYOtherExpensesAmt
CY Other Expenses$4,274,042CYOtherExpensesAmt
PY Total Expenses$6,089,102PYTotalExpensesAmt
CY Total Expenses$6,098,810CYTotalExpensesAmt
PY Revenues Less Expenses-$69,730PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$126,698CYRevenuesLessExpensesAmt
Total Assets BOY$6,304,956TotalAssetsBOYAmt
Total Assets EOY$6,000,036TotalAssetsEOYAmt
Total Liabilities BOY$833,454TotalLiabilitiesBOYAmt
Total Liabilities EOY$663,010TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,471,502NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,337,026NetAssetsOrFundBalancesEOYAmt
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$5,383,316ExpenseAmt
Grant$34,500GrantAmt
Revenue$4,734,947RevenueAmt
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$5,383,316TotalProgramServiceExpensesAmt
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
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
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 Document71IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee24EmployeeCnt
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
AASIF BADE
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
LESLIE CARTER-PRALL
DIRECTOR1.00Yes (X)$0$0$0
LARRY DELIA
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
ROB HILLMAN
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
ZACK SCOTT
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$361,624$0$38,328Yes (X)
JENNIFER LOWE
VICE PRESIDENT OF FINANCE40.00$116,357$0$19,541Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$477,981TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$57,869TotalOtherCompensationAmt
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$193,574MembershipDuesAmt
Related Organizations$118,750RelatedOrganizationsAmt
All Other Contributions$520,027AllOtherContributionsAmt
Noncash Contributions$367,025NoncashContributionsAmt
Total Contributions$832,351TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
500 FESTIVAL EVENTS AN900099$2,740,127$2,740,127
SPONSORSHIPS900099$1,949,820$1,949,820
PUBLICITY AND PROMOTIO900099$45,000$45,000
FieldValueIRS element (for citing)
Total Program Service Revenue$4,734,947TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$26,275TotalRevenueColumnAmt
Exclusion$26,275ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$253,028RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$253,028RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$253,028TotalRevenueColumnAmt
Exclusion$253,028ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$278,202SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$240,712SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$37,490SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$37,490TotalRevenueColumnAmt
Exclusion$37,490ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Business900099BusinessCd
Total Revenue Column$88,021TotalRevenueColumnAmt
Related Or Exempt Func Income$88,021RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$88,021OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,972,112TotalRevenueColumnAmt
Related Or Exempt Func Income$4,822,968RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$316,793ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$34,500TotalAmt
Program Services$34,500ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$642,347TotalAmt
Program Services$449,643ProgramServicesAmt
Management And General$64,235ManagementAndGeneralAmt
Fundraising$128,469FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$841,618TotalAmt
Program Services$589,133ProgramServicesAmt
Management And General$84,162ManagementAndGeneralAmt
Fundraising$168,323FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$33,707TotalAmt
Program Services$23,594ProgramServicesAmt
Management And General$3,371ManagementAndGeneralAmt
Fundraising$6,742FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$165,064TotalAmt
Program Services$115,545ProgramServicesAmt
Management And General$16,506ManagementAndGeneralAmt
Fundraising$33,013FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$107,532TotalAmt
Program Services$75,272ProgramServicesAmt
Management And General$10,753ManagementAndGeneralAmt
Fundraising$21,507FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$25,790TotalAmt
Management And General$25,790ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$353,573TotalAmt
Program Services$353,573ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$17,774TotalAmt
Program Services$13,331ProgramServicesAmt
Management And General$4,443ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$41,327TotalAmt
Program Services$30,995ProgramServicesAmt
Management And General$10,332ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$436,084TotalAmt
Program Services$327,063ProgramServicesAmt
Management And General$109,021ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$17,550TotalAmt
Program Services$12,285ProgramServicesAmt
Management And General$1,755ManagementAndGeneralAmt
Fundraising$3,510FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$65,599TotalAmt
Program Services$65,599ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$38,409TotalAmt
Program Services$28,807ProgramServicesAmt
Management And General$9,602ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
500 FESTIVAL EVENTS$3,080,965$3,080,965
VOLUNTEER PROGRAM$110,348$110,348
BANK FEES$31,144$23,358$7,786
MISCELLANEOUS$24,697$18,523$6,174

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$30,782TotalAmt
Program Services$30,782ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,098,810TotalAmt
Program Services$5,383,316ProgramServicesAmt
Management And General$353,930ManagementAndGeneralAmt
Fundraising$361,564FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,945,373BOYAmt
EOY$1,383,739EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$335,998BOYAmt
EOY$478,675EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$7,635BOYAmt
EOY$6,978EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$119,567BOYAmt
EOY$181,854EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,979,908LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$909,803LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,143,730BOYAmt
EOY$3,070,105EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$752,653BOYAmt
EOY$791,700EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$86,985EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$6,304,956BOYAmt
EOY$6,000,036EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$352,681BOYAmt
EOY$283,555EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$480,773BOYAmt
EOY$379,455EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$833,454BOYAmt
EOY$663,010EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,471,502BOYAmt
EOY$5,337,026EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,471,502BOYAmt
EOY$5,337,026EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,304,956BOYAmt
EOY$6,000,036EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$126,698ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$7,778NetUnrlzdGainsLossesInvstAmt
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$289,443DepreciationAmt
Book Value$1,441,312BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$191,591OtherCostOrOtherBasisAmt
Depreciation$109,636DepreciationAmt
Book Value$81,955BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$583,215OtherCostOrOtherBasisAmt
Depreciation$510,724DepreciationAmt
Book Value$72,491BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,070,105TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$6,714,842TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$7,778NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$750,508DonatedServicesAndUseFcltsAmt
Revenue Not Reported$742,730RevenueNotReportedAmt
Revenue Subtotal$5,972,112RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$5,972,112TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$6,849,318TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$750,508DonatedServicesUseFcltsAmt
Expenses Not Reported$750,508ExpensesNotReportedAmt
Expenses Subtotal$6,098,810ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$6,098,810TotalExpensesPerForm990Amt

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$34,500CashGrantAmt

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

FieldValueIRS element (for citing)
PersonROBERT BRYANTPersonNm
TitlePRESIDENT & CEOTitleTxt
Base Compensation Filing Org$267,894BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$93,730BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$16,500DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$21,828NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$399,952TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule M IRS990ScheduleM

Food Inventory FoodInventoryGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution25ContributionCnt
Noncash Contributions Rpt F990$145,462NoncashContributionsRptF990Amt
Method Of Determining RevenuesCOSTMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)EQUIPMENT9$142,490COST
Yes (X)APPAREL5$79,073COST
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 VP OF FINANCE AND HR 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 2C:THE 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 (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
500 FESTIVAL FOUNDATION
C$118,750CASH VALUE
500 FESTIVAL FOUNDATION
L$61,000CASH VALUE

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