2025-08-14T10:47:40-05:00 2024-12-31 351356555 DONOVAN PC 5151 E US HWY 36 AVON IN 46123 990 2024-01-01 473583307 INDY GATEWAY INC INDY 3172234614 700 N HIGH SCHOOL RD 2ND FLOOR INDIANAPOLIS IN 46214 JEFFREY K BUTTS PRESIDENT 3172234614 2025-08-13 1 0 ABIGAIL HEDGES CPA P02058156 3177456411 2025-08-13 2024 2025-03-06 01:10:19Z JEFFREY K BUTTS 700 N HIGH SCHOOL RD 2ND FLOOR INDIANAPOLIS IN 46214 600998 0 X WWW.INDYGATEWAY.ORG X 2015 IN INDY GATEWAY WAS CREATED FOR AND ITS PRIMARY OBJECTIVE IS TO IMPROVE ECONOMIC DEVELOPMENT AND COMMUNITY DEVELOPMENT. THE PURPOSES INCLUDE PROMOTING ECONOMIC GROWTH, INCREASING OPPORTUNITIES FOR THE REVITALIZATION OF NEIGHBORHOODS, AND MAKING THE WEST SIDE OF INDIANAPOLIS A PLACE WHERE FAMILIES WANT TO LIVE, WORK AND PLAY. 18 18 0 50 0 0 221426 380352 0 0 0 5439 -6160 5683 215266 391474 0 15658 0 0 0 0 0 0 26588 171082 156868 171082 172526 44184 218948 751705 930137 41873 1357 709832 928780 X INDY GATEWAY WAS CREATED FOR AND ITS PRIMARY OBJECTIVE IS TO IMPROVE ECONOMIC DEVELOPMENT AND COMMUNITY DEVELOPMENT. THE PURPOSES INCLUDE PROMOTING ECONOMIC GROWTH, INCREASING OPPORTUNITIES FOR THE REVITALIZATION OF NEIGHBORHOODS, AND MAKING THE WEST SIDE OF INDIANAPOLIS A PLACE WHERE FAMILIES WANT TO LIVE, WORK AND PLAY. 0 0 108297 15658 6915 AFFORDABLE HOUSING INDY GATEWAY HAS BEEN ABLE TO RESTART ITS BUILDING SCHEDULES. WE COMPLETED A HOUSE AT 315 VINE AND THE AREA 31 CONSTRUCTION TRADES STUDENT COMPLETED A HOUSE AT 307 VINE. 307 VINE WAS SOLD IN JULY AND 315 CURRENTLY HAS A SALE PENDING. IN ADDITION, WE BEGAN OUR BUILDING AT 2710 TAFT AVENUE. A NEW AREA 31 HOUSE WAS STARTED AT 5122 LEGRANDE AVENUE. A NEW LOT WAS ACQUIRED AT 103 N. RACEWAY ROAD. WE ARE PLANNING ON PUTTING ALL THESE HOUSES ON THE MARKET BY THE END OF 2025 FOR QUALIFIED HOMEBUYERS AND TURN THESE AREA LIABILITIES INTO TAX GENERATING PROPERTIES THAT WILL BENEFIT OUR LOCAL ENTITIES AND IMPROVE THE NEIGHBORHOOD AND ARE BUILT IN FEDERALLY DESIGNATED LOW AND MODERATE-INCOME AREAS. THE OBJECTIVE WAS TO BUILD AND FINISH VINE, BUT MANY FACTORS CAUSED ITS DELAY. JAMMIN FOR A CAUSE WAS A NEW FUNDRAISING EVENT TO BENEFIT THE PROGRAM IN APRIL 2024. 6896 INDY GATEWAY BOARD OF DIRECTORS HAS ACQUIRED FUNDING THROUGH THE GATEWAY GALLOP 5K IN PREVOUS YEARS AS WELL AS A GRANT FROM THE CENTRAL INDIANA COMMUNITY FOUNDATION TO PROCEED IN 2025 WITH THE CONSTRUCTION OF THE PATHWAY AND COMPLETION OF THE CHAPEL ROCK TRAILHEAD. THE PROJECT WILL INCLUDE:-TRAIL NODE AND PAVED PATH CONNECTION ON BOTA PROPERTY (PATH NOT COVERED UNDER NEXT LEVEL TRAIL GRANT)-TRAILHEAD PLAZA AND PATH CONNECTION ON CHURCH PROPERTY-TRAILHEAD IDENTITY SIGN-DIRECTIONAL SIGN AT CHURCH ENTRY AREASFUNDING FOR CONSTRUCTION HAS BEEN RAISED IN 2023 AND 2024. FINAL BIDS WERE RECEIVED IN LATE 2024 WITH CONSTRUCTION PLANNED FOR THE TRAIL IN 2025. NO CONTRACTS HAVE BEEN SIGNED TO DATE FOR THE CONSTRUCTION. A GRANT WAS AWARDED IN THE AMOUNT OF $3,886.69 TO THE WHITE LICK CREEK VANDALIA ALLIANCE FOR THEIR TRAILWORK. ALSO A GRANT PAYMENT OF $11,771.57 TO THE B&O TRAIL ASSOCIATION WAS MADE IN JUNE AS A DOWN PAYMENT TOWARD THE TRAILHEAD WORK. 54 OUR THIRD OBJECTIVE WAS OUR ANNUAL SHELTON HEIGHTS PARK FUNDRAISER FOR CONTINUED MAINTENANCE OF THE PARK. THE PINTS FOR PARK EVENT WAS HELD IN SEPTEMBER. 115247 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 IN X LISA BENTLEY 3172234614 700 N HIGH SCHOOL RD 2ND FLOOR INDIANAPOLIS IN 46214 X JEFFREY K BUTTS PRESIDENT 1.00 X X 0 0 0 GUY FINN TREASURER 1.00 X X 0 0 0 RENEE PACK SECRETARY 1.00 X X 0 0 0 MICHELLE BODEM DIRECTOR 1.00 X 0 0 0 ADAM BURTNER DIRECTOR 1.00 X 0 0 0 TROY BROSSEAU DIRECTOR 1.00 X 0 0 0 TIMOTHY BROWN DIRECTOR 1.00 X 0 0 0 MAXIMILLIAN COCONATO DIRECTOR 1.00 X 0 0 0 TODD M COOK DIRECTOR 1.00 X 0 0 0 JARED EVANS DIRECTOR 1.00 X 0 0 0 RICHARD JOSEPH DIRECTOR 1.00 X 0 0 0 JOHN WESLY PAPABATHINI DIRECTOR 1.00 X 0 0 0 RICHARD PROCTOR DIRECTOR 1.00 X 0 0 0 CHRIS PRYOR DIRECTOR 1.00 X 0 0 0 CAMERON RADFORD DIRECTOR 1.00 X 0 0 0 ELIZABETH ROVAZZINI DIRECTOR 1.00 X 0 0 0 JONATHAN WEINZAPFEL DIRECTOR 1.00 X 0 0 0 CAITLIN WITHERS DIRECTOR 1.00 X 0 0 0 LISA BENTLEY EXECUTIVE DIRECTOR 25.00 X 0 0 0 0 0 0 0 0 0 0 0 53871 326481 380352 202932 197493 5439 5439 5439 10799 53871 12031 -1232 -1232 OTHER INCOME 900099 6915 6915 6915 391474 6915 0 4207 15658 15658 78200 26588 25024 26588 2137 2137 2972 2972 1197 1197 1653 1653 1498 1498 PROJECT EXPENSES 69211 69211 172526 115247 30691 26588 357443 122306 202828 122060 5786 117927 116274 276335 488729 751705 930137 1357 1357 40516 41873 1357 X 644704 650893 65128 277887 709832 928780 751705 930137 218948 0 X X 1 X 0 1 0 X 240190 410984 191502 221426 380352 1444454 240190 410984 191502 221426 380352 1444454 47016 1397438 3 3 1116 2351 6915 10382 1454839 10112 0.96050 0.94710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 97260 97260 24800 5786 19014 116274 INVESTMENTS IN REAL ESTATE 488729 C 488729 X PART X, LINE 2: THE ORGANIZATION RECEIVED A DETERMINATION FROM THE U.S. TREASURY DEPARTMENT STATING IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A TAX-EXEMPT ORGANIZATION; HOWEVER, THE ORGANIZATION IS SUBJECT TO TAX ON ANY INCOME UNRELATED TO ITS TAX-EXEMPT PURPOSE. FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, NO ACCOUNTING FOR FEDERAL OR STATE INCOME TAXES WAS REQUIRED TO BE INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PROFESSIONAL ACCOUNTING STANDARDS REQUIRE THE ORGANIZATION TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD NOT BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX LIABILITY GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX LIABILITY IS RECORDED. THE ORGANIZATION EXAMINED THIS ISSUE AND DETERMINED THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. TAX YEARS ENDED AFTER DECEMBER 31, 2020 ARE OPEN TO AUDIT FOR FEDERAL AND STATE PURPOSES. FLAPJACKS 5K RUN 31283 24088 7195 6896 JAMMIN' FOR A CAUSE 17772 14608 3164 1200 2381 3 15615 15175 440 1554 64670 53871 10799 1200 10831 12031 -1232 1 B&O TRAIL ASSOCIATION PO BOX 142 BROWNSBURG IN 46112 351908784 501(C)(3) 11772 0 CHAPEL ROCK TRAILHEAD AND CONNECTING PATHWAY 1 PART I, LINE 2: ALL RECORDS OF APPLICATIONS AND GRANT AWARD DOCUMENTATION ARE HELD WITH INDY GATEWAY. THE ORGANIZATION ENSURES THAT THE DESIGNATED GRANT AMOUNT AWARDED IS PUT TOWARD THE PROGRAMS (OR DESIGNATED FUNDS) AS DIRECTED IN AWARD LETTERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE TREASURER. IT IS THEN REVIEWED, APPROVED, AND SIGNED BY THE BOARD PRESIDENT. FORM 990, PART VI, SECTION B, LINE 12C THE CORPORATION'S CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS, OFFICERS, AND COMMITTEE MEMBERS WITH DELEGATED BOARD POWERS, REQUIRING THEM TO DISCLOSE ANY ACTUAL OR POSSIBLE FINANCIAL INTERESTS THAT COULD CREATE A CONFLICT. THE BOARD OF DIRECTORS OR RELEVANT COMMITTEE DETERMINES IF A CONFLICT EXISTS AFTER DISCLOSURE AND DISCUSSION, WITH THE INTERESTED PERSON EXCLUDED FROM DELIBERATIONS AND VOTING ON THE MATTER. IF A CONFLICT IS FOUND, THE BOARD OR COMMITTEE INVESTIGATES ALTERNATIVES AND ONLY APPROVES THE TRANSACTION IF IT IS FAIR, REASONABLE, AND IN THE CORPORATION'S BEST INTEREST. VOTING MEMBERS RECEIVING COMPENSATION FROM THE CORPORATION ARE PROHIBITED FROM VOTING ON RELATED COMPENSATION MATTERS. THE POLICY IS MONITORED THROUGH ANNUAL SIGNED STATEMENTS OF COMPLIANCE, DOCUMENTED MEETING MINUTES, AND PERIODIC REVIEWS OF TRANSACTIONS AND COMPENSATION, WITH POSSIBLE DISCIPLINARY ACTION FOR VIOLATIONS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR IS A CONTRACTUAL EMPLOYEE. THE HOURLY RATE FOR THE POSITION IS $48 PER HOUR, AND HAS BEEN SINCE 2020. THE INCREASE IN THE NUMBER OF HOURS WORKED HAS BEEN CONTINGENT UPON THE BUDGET AND DETERMINED EACH YEAR THROUGH THE APPROVAL OF THE BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST OR IN PERSON AT THE ORGANIZATION'S OFFICES. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE OVERSIGHT OF THE REVIEW AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE SELECTION AND REVIEW PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.