Nonprofit · EIN 87-1285796
FRIENDS OF 38TH INC
Tax-exempt · INDIANAPOLIS, IN 46205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $14,731 | $16,914 | -$2,183 | $3,390 | – | $3,390 |
| December 31, 2023 | 990-EZ | $19,222 | $16,017 | $3,205 | $5,573 | – | $5,573 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $12,735
- Investment income
- $27
- Net income from fundraising events
- $1,969
Expenses
- Grants and similar amounts paid
- $737
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $7,294
- Other expenses
- $8,883
- Program services (functional)
- $1,472
Balance sheet and other
- Total assets, start of year
- $5,573
- Total assets, end of year
- $3,390
- Total liabilities, end of year
- –
- Net assets, end of year
- $3,390
- Cash, savings and investments
- $3,390
- Gross receipts
- $16,403
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEREMY STEPHENSON | PRESIDENT | 1 | $0 |
| ED SHERMAN | TREASURER | 2 | $0 |
| CHRISTIE HURST | BOARD MEMBER | 1 | $0 |
| AMY BOSWORTH | SECRETARY | 2 | $0 |
| JACKIE ANNAN | BOARD MEMBER | 2 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEREMY STEPHENSON | PRESIDENT | 1 | $0 |
| ED SHERMAN | TREASURER | 2 | $0 |
| CHRISTIE HURST | BOARD MEMBER | 1 | $0 |
| AMY BOSWORTH | SECRETARY | 2 | $0 |
| JACKIE ANNAN | BOARD MEMBER | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1003 E 38TH ST, INDIANAPOLIS, IN 46205-2818
- Mailing address (990-N for 2025)
- 1003 E 38th St, Indianapolis IN 46205
- Principal officer (990-N for 2025)
- Edward Sherman, 4715 N Kenwood Ave, Indianapolis IN 46208
- Signed the 990-EZ
- ED SHERMAN, TREASURER
- Phone
- (765) 346-0148
- Website
- www.friendsof38th.org
- Return prepared by
- BOJRAB KAUFMAN & COMPANY
Mission
OUR MISSION IS TO RAISE AWARENESS OF THE SUCCESSES AND CHALLENGES OF THE STREET AMONG THE BROADER COMMUNITY, BRING OUR GREAT MIDTOWN NEIGHBORHOODS ADJACENT TO 38TH STREET TOGETHER WITH EVENTS, NEW BUSINESS OPPORTUNITIES, AND SOCIAL ENGAGEMENT AND ADVOCATE TO THE STREET TO BE IMPROVED, CARED FOR AND ELEVATED FROM A PROBLEM TO A KEY ASSET IN OUR CIRCLE CITY.
Program accomplishments
- THREE SEPARATE FUNDRAISERS WERE CONDUCTED TO PROMOTE AWARENESS OF 38TH STREET IN THE CITY OF INDIANAPOLIS. A BLUES & BBQ EVENT WAS HELD ALLOWING VENDORS TO PARTICPATE FOR FREE TO PROMOTE THEIR BUSINESSES. HELPED PROMOTE A 5K TURKEY TROT RACE WHERE A DONATION WAS MADE TO CROWN HILL CEMETERY. ALSO PROVIDED MARKETING & SPACE FOR FIVE CAR SHOWS WHICH WAS FREE OF CHARGE TO ANYONE BRINGING A CAR OR ANY VENDOR SELLING THEIR GOODS.Expenses $1,472 · grants $737
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 87-1285796
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S20)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Edward Sherman | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2024 | $14,731 | $16,914 | $3,390 | XML |
| 990-EZ | December 2023 | $19,222 | $16,017 | $5,573 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | 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 87-1285796).
Questions about FRIENDS OF 38TH INC
- What is the EIN of FRIENDS OF 38TH INC?
- The employer identification number (EIN) of FRIENDS OF 38TH INC is 87-1285796.
- Is FRIENDS OF 38TH INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to FRIENDS OF 38TH INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF 38TH INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of FRIENDS OF 38TH INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF 38TH INC last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of FRIENDS OF 38TH INC?
- The 990-N for 2025 names Edward Sherman.
- Who are the officers and directors of FRIENDS OF 38TH INC?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF 38TH INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $14,731, expenses of $16,914 and total assets of $3,390 at year end.
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