Nonprofit · EIN 35-1885205
INDIANAPOLIS DOWNTOWN MARKETING INC
Tax-exempt · INDIANAPOLIS, IN 46204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,102,730 | $2,584,019 | -$481,289 | $3,033,667 | $3,956,205 | -$922,538 |
| December 31, 2023 | 990 | $2,109,293 | $2,570,935 | -$461,642 | $2,817,052 | $3,334,642 | -$517,590 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,494,824
- Program service revenue
- $462,647
- Investment income
- $127,269
- Net gain from sales of assets
- $67,954
- Other revenue
- $17,990
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $346,235
- Other salaries and wages
- $464,369
- Salaries, compensation and benefits (total)
- $957,864
- Professional fundraising fees
- $0
- Legal fees
- $25,712
- Accounting fees
- $48,594
- Occupancy
- $226,497
- Depreciation
- $10,404
Balance sheet and other
- Total assets, start of year
- $2,817,052
- Total assets, end of year
- $3,033,667
- Total liabilities, end of year
- $3,956,205
- Net assets, end of year
- -$922,538
- Land, buildings and equipment
- $7,022
- Publicly traded securities
- $1,794,198
- Net assets without donor restrictions
- -$922,538
- Gross receipts
- $2,469,688
- Employees
- 63
- Volunteers
- 63
- Year formed
- 1993
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Taylor Schaffer | President and CEO Officer | 1 | $197,220 | $5,495 |
| TIMOTHY BORUFF | VICE PRESIDENT FINANCE & OPERATIONS Officer | 1 | $142,520 | $1,000 |
| Brittany Smith | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Malina Jeffers-Bacon | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Alec Gray | Director Trustee or director | 1 | $0 | $0 |
| Amy Lamb | Director Trustee or director | 1 | $0 | $0 |
| Amy Vaughan | Director Trustee or director | 1 | $0 | $0 |
| Anna Bowman | Director Trustee or director | 1 | $0 | $0 |
| Anna Whelchel | Director Trustee or director | 1 | $0 | $0 |
| Ben Snyder | Director Trustee or director | 1 | $0 | $0 |
| Bert Beiswanger | Director Trustee or director | 1 | $0 | $0 |
| Bill Brooks | Director Trustee or director | 1 | $0 | $0 |
| Bill Stinson | Director Trustee or director | 1 | $0 | $0 |
| Brent Frymier | Director Trustee or director | 1 | $0 | $0 |
| Bryn Jones | Director Trustee or director | 1 | $0 | $0 |
50 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carissa Newton | Director Trustee or director | 1 | $0 |
| Carrie Abbott | Director Trustee or director | 1 | $0 |
| Chris Gahl | Director Trustee or director | 1 | $0 |
| Christine Warren | Director Trustee or director | 1 | $0 |
| Courtney Essett | Director Trustee or director | 1 | $0 |
| Craig Mince | Director Trustee or director | 1 | $0 |
| Danielle Dove | Director Trustee or director | 1 | $0 |
| Deana R Haworth | Director Trustee or director | 1 | $0 |
| Elizabeth Belange | Director Trustee or director | 1 | $0 |
| Greg Bires | Director Trustee or director | 1 | $0 |
| Greg Kiley | Director Trustee or director | 1 | $0 |
| Iris Dillon | Director Trustee or director | 1 | $0 |
| Jacqueline Eckhardt | Director Trustee or director | 1 | $0 |
| Jennifer Boehm | Director Trustee or director | 1 | $0 |
| Jenny Cash | Director Trustee or director | 1 | $0 |
| Jessica Chapman | Director Trustee or director | 1 | $0 |
| Jessica Cushing | Director Trustee or director | 1 | $0 |
| Jessica Foster | Director Trustee or director | 1 | $0 |
| Joe Pellman | Director Trustee or director | 1 | $0 |
| John McDonald | Director Trustee or director | 1 | $0 |
| Josh Schuck | Director Trustee or director | 1 | $0 |
| Julie Schaefer | Director Trustee or director | 1 | $0 |
| Kara Kovert Pray | Director Trustee or director | 1 | $0 |
| Karl Traeger | Director Trustee or director | 1 | $0 |
| Katelyn Sussli | Director Trustee or director | 1 | $0 |
| Katrina Canfield | Director Trustee or director | 1 | $0 |
| Kelly Young | Director Trustee or director | 1 | $0 |
| Kim Stoebick | Director Trustee or director | 1 | $0 |
| Kortni Gurganus-Wright | Director Trustee or director | 1 | $0 |
| Lesley Gordon | Director Trustee or director | 1 | $0 |
| Lisa Townsend | Director Trustee or director | 1 | $0 |
| Liz Madison | Director Trustee or director | 1 | $0 |
| Lorraine Vavul | Director Trustee or director | 1 | $0 |
| Mark Bode | Director Trustee or director | 1 | $0 |
| Megan Mattingly | Director Trustee or director | 1 | $0 |
| Megan Winter | Director Trustee or director | 1 | $0 |
| Melissa Winter | Director Trustee or director | 1 | $0 |
| Meredith Easley | Director Trustee or director | 1 | $0 |
| Mike Henn | Director Trustee or director | 1 | $0 |
| Mindi Woolman | Director Trustee or director | 1 | $0 |
| Monique Wise | Director Trustee or director | 1 | $0 |
| Nicole Duncan | Director Trustee or director | 1 | $0 |
| Polina Osherov | Director Trustee or director | 1 | $0 |
| Raven Reckley | Director Trustee or director | 1 | $0 |
| Sara Galer | Director Trustee or director | 1 | $0 |
| Sarah Myer | Director Trustee or director | 1 | $0 |
| Sharon Smith | Director Trustee or director | 1 | $0 |
| Stephanie Pemberton | Director Trustee or director | 1 | $0 |
| Tamara Cypress | Director Trustee or director | 1 | $0 |
| Zachary Lockett | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 78 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Taylor Schaffer | President and CEO Officer | 1 | $220,750 | $2,250 |
| Bob Schultz | Sr. Vice President (Through 9/23) Officer | 1 | $94,554 | $4,500 |
| Brittany Smith | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Malina Jeffers-Bacon | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Alec Gray | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 |
| Amy Lamb | Director Trustee or director | 1 | $0 | $0 |
| Amy Lamb | Director Trustee or director | 1 | $0 | $0 |
| Amy Vaughan | Director Trustee or director | 1 | $0 | $0 |
| Anna Bowman | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 |
| Anna Whelchel | Director Trustee or director | 1 | $0 | $0 |
| Anne Dunlavy | Director (Through 4/23) Trustee or director | 1 | $0 | $0 |
| Autumn Monaghan | Director (Through 4/23) Trustee or director | 1 | $0 | $0 |
| Ben Snyder | Director Trustee or director | 1 | $0 | $0 |
| Bert Beiswanger | Director Trustee or director | 1 | $0 | $0 |
| Bill Brooks | Director Trustee or director | 1 | $0 | $0 |
| Bill Stinson | Director Trustee or director | 1 | $0 | $0 |
| Brent Frymier | Director Trustee or director | 1 | $0 | $0 |
| Bryn Jones | Director Trustee or director | 1 | $0 | $0 |
| Carissa Newton | Director Trustee or director | 1 | $0 | $0 |
| Carrie Abbott | Director Trustee or director | 1 | $0 | $0 |
| Chris Gahl | Director Trustee or director | 1 | $0 | $0 |
| Christine Warren | Director Trustee or director | 1 | $0 | $0 |
| Courtney Arango | Director (Through 4/23) Trustee or director | 1 | $0 | $0 |
| Courtney Essett | Director Trustee or director | 1 | $0 | $0 |
| Craig Mince | Director Trustee or director | 1 | $0 | $0 |
| Danielle Dove | Director Trustee or director | 1 | $0 | $0 |
| Deana R Haworth | Director Trustee or director | 1 | $0 | $0 |
| Derek Crawford | Director (Through 4/23) Trustee or director | 1 | $0 | $0 |
| Elizabeth Belange | Director Trustee or director | 1 | $0 | $0 |
| Greg Bires | Director Trustee or director | 1 | $0 | $0 |
| Greg Kiley | Director Trustee or director | 1 | $0 | $0 |
| Iris Dillon | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 |
| Jacqueline Eckhardt | Director Trustee or director | 1 | $0 | $0 |
| Jake Oakman | Director (Through 4/23) Trustee or director | 1 | $0 | $0 |
| Jen Pittman | Director (Through 4/23) Trustee or director | 1 | $0 | $0 |
| Jennifer Boehm | Director Trustee or director | 1 | $0 | $0 |
| Jenny Cash | Director Trustee or director | 1 | $0 | $0 |
| Jerry Wade | Director (Through 4/23) Trustee or director | 1 | $0 | $0 |
| Jessica Chapman | Director Trustee or director | 1 | $0 | $0 |
| Jessica Cushing | Director Trustee or director | 1 | $0 | $0 |
| Jessica Foster | Director Trustee or director | 1 | $0 | $0 |
| Joe Pellman | Director Trustee or director | 1 | $0 | $0 |
| John McDonald | Director Trustee or director | 1 | $0 | $0 |
| Josh Mason | Director (Through 4/23) Trustee or director | 1 | $0 | $0 |
| Josh Schuck | Director Trustee or director | 1 | $0 | $0 |
| Judy Palermo | Director (Through 4/23) Trustee or director | 1 | $0 | $0 |
| Julie Schaefer | Director Trustee or director | 1 | $0 | $0 |
| Kara Kovert Pray | Director Trustee or director | 1 | $0 | $0 |
| Karl Traeger | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 |
| Katelyn Sussli | Director Trustee or director | 1 | $0 | $0 |
| Katrina Canfield | Director Trustee or director | 1 | $0 | $0 |
| Kelly Dodds | Director (Through 4/23) Trustee or director | 1 | $0 | $0 |
| Kelly Young | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 |
| Kim Howell | Director (Through 4/23) Trustee or director | 1 | $0 | $0 |
| Kim Stoebick | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 |
| Kortni Gurganus-Wright | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 |
| Lesley Gordon | Director Trustee or director | 1 | $0 | $0 |
| Lisa Townsend | Director Trustee or director | 1 | $0 | $0 |
| Liz Madison | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 |
| Lorraine Vavul | Director Trustee or director | 1 | $0 | $0 |
| Madeline Moyer | Director (Through 4/23) Trustee or director | 1 | $0 | $0 |
| Mark Bode | Director Trustee or director | 1 | $0 | $0 |
| Megan Mattingly | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 |
| Megan Winter | Director Trustee or director | 1 | $0 | $0 |
| Melissa Winter | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 |
| Meredith Easley | Director Trustee or director | 1 | $0 | $0 |
| Mike Henn | Director Trustee or director | 1 | $0 | $0 |
| Mindi Woolman | Director Trustee or director | 1 | $0 | $0 |
| Monique Wise | Director Trustee or director | 1 | $0 | $0 |
| Nicole Duncan | Director Trustee or director | 1 | $0 | $0 |
| Polina Osherov | Director Trustee or director | 1 | $0 | $0 |
| Raven Reckley | Director (Beginning 4/23) Trustee or director | 1 | $0 | $0 |
| Sara Galer | Director Trustee or director | 1 | $0 | $0 |
| Sarah Myer | Director Trustee or director | 1 | $0 | $0 |
| Sharon Smith | Director Trustee or director | 1 | $0 | $0 |
| Stephanie Pemberton | Director Trustee or director | 1 | $0 | $0 |
| Tamara Cypress | Director Trustee or director | 1 | $0 | $0 |
| Zachary Lockett | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 111 MONUMENT CIR STE 1900, INDIANAPOLIS, IN 46204-5408
- In care of
- % BANK ONE TOWER
- Principal officer (990 for 2024)
- TAYLOR SCHAFFER, 111 Monument Cir 250, Indianapolis, IN 46204
- Signed the 990
- Tim Boruff, VP of Finance & Operations
- Phone
- (317) 237-2222
- Website
- www.downtownindy.org
- Return prepared by
- CROWE LLP
Mission
Indianapolis Downtown Marketing, Inc. (IDMI) exists to improve downtown Indianapolis. IDMI focuses on marketing downtown businesses, destinations, organizations, activities and events.
Program accomplishments
- Widely known as the heart and communal gathering space for Indianapolis, Monument Circle is a popular destination for residents and visitors alike. The Circle, featuring the larger-than-life Soldiers & Sailors Monument, is both a hub for Downtown's workforce as well as entertainment, dining, retail, and more. The filing organization collaborates with the Indiana War Memorials Commission (IWMC) to infuse arts and culture into the space year-round, from artistic video mapping and lighting through the Shining A Light program to the pedestrian-friendly SPARK on the Circle which welcomed more than 78K visitors in its 2024 season.
- The filing organization strives to keep the Indianapolis urban core a clean, safe place for residents and visitors to enjoy the rich arts and culture our community has to offer. In partnership with HVAF, the filing organization staffs a full-time team of Street Ambassadors providing daily powerwashing, sidewalk clean-ups, sticker and graffiti removal. With an expanding tree canopy and hundreds of planters throughout the Mile Square, Downtown's splash of freshness and color adds greatly to the urban environment.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1885205
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,033,667
- Income (IRS master file)
- $2,469,688
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,102,730 | $2,584,019 | $3,033,667 | XML |
| 990 | December 2023 | $2,109,293 | $2,570,935 | $2,817,052 | XML |
| 990 | December 2022 | $1,710,996 | $2,250,692 | $2,722,289 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-1885205).
Questions about INDIANAPOLIS DOWNTOWN MARKETING INC
- What is the EIN of INDIANAPOLIS DOWNTOWN MARKETING INC?
- The employer identification number (EIN) of INDIANAPOLIS DOWNTOWN MARKETING INC is 35-1885205.
- Is INDIANAPOLIS DOWNTOWN MARKETING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1994.
- Are donations to INDIANAPOLIS DOWNTOWN MARKETING INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INDIANAPOLIS DOWNTOWN MARKETING INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDIANAPOLIS DOWNTOWN MARKETING INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDIANAPOLIS DOWNTOWN MARKETING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INDIANAPOLIS DOWNTOWN MARKETING INC?
- The 990 for the year ended December 31, 2024 names TAYLOR SCHAFFER.
- Who are the officers and directors of INDIANAPOLIS DOWNTOWN MARKETING INC?
- The 990 for the year ended December 31, 2024 lists 65 people; 2 received compensation from the organization, the highest $197,220 (Taylor Schaffer, President and CEO).
- How much revenue does INDIANAPOLIS DOWNTOWN MARKETING INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,102,730, expenses of $2,584,019 and total assets of $3,033,667 at year end.
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