INDIANAPOLIS ART CENTER INC

EIN: 351088735 501(c)(3) Arts, Culture & Humanities

INDIANAPOLIS, IN

Total Revenue
$6,183,922
Total Expenses
$5,069,466
Total Assets
$22,585,118
Net Assets
$21,010,049
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
IN
Principal Officer
MARK WILLIAMS
Phone
3172552464
Tax Period
2024-09-01 to 2025-08-31

INDIANAPOLIS ART CENTER INC, founded in 1961, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.2M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $1.1M, a strong 18% operating margin.

Mission

THE INDY ART CENTER'S MISSION IS TO PROVIDE ACCESSIBLE AND INCLUSIVE ART EXPERIENCES THAT INSPIRE CREATIVITY, EDUCATE, ENGAGE, AND ENRICH OUR COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,361,395
Program Service Revenue $1,862,312
Investment Income $971,642
Other Revenue $-11,427
TOTAL REVENUE $6,183,922

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,652,261
Fundraising Expenses $516,352
Program Expenses $3,648,960
Other Expenses $2,417,205
TOTAL EXPENSES $5,069,466

Year-over-Year Comparison

2024 2023 Change
Revenue $6,183,922 $7,483,827 -0.2%
Expenses $5,069,466 $4,457,059 +0.1%
Net Income $1,114,456 $3,026,768 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
20
Employees
298
Volunteers
400

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$183,648
Total Directors
21
$183,648
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK WILLIAMS PRESIDENT AND EXEC. DIRECT 50.00
Officer Director
$171,182 $12,466 $183,648
JESSICA BRAND CHAIR 2.00
Officer Director
$0 $0 $0
MARY MCCONNELL VICE CHAIR 2.00
Officer Director
$0 $0 $0
CHRISTY BECKER SECRETARY 2.00
Officer Director
$0 $0 $0
ASHLEY VUKOVITS TREASURER 2.00
Officer Director
$0 $0 $0
MANDE ADAMS BOARD MEMBER 1.00
Director
$0 $0 $0
AMY CHAMBERS BOARD MEMBER 1.00
Director
$0 $0 $0
GEMMA DICKINSON BOARD MEMBER 1.00
Director
$0 $0 $0
MALINDA ENNIS BOARD MEMBER 1.00
Director
$0 $0 $0
MARY MAXWELL BOARD MEMBER 1.00
Director
$0 $0 $0
SHIRLEY MUELLER BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH PARKS BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS POHL BOARD MEMBER 1.00
Director
$0 $0 $0
NEWELL O PUGH JR BOARD MEMBER 1.00
Director
$0 $0 $0
JR RENBARGER BOARD MEMBER 1.00
Director
$0 $0 $0
NIKKI ROGERS BOARD MEMBER 1.00
Director
$0 $0 $0
DIANE SEYBERT BOARD MEMBER 1.00
Director
$0 $0 $0
MADELINE SUTPHIN BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID VONNEGUT-GABOVITCH BOARD MEMBER 1.00
Director
$0 $0 $0
MARTHA WENTWORTH BOARD MEMBER 1.00
Director
$0 $0 $0
JERRY WILEY BOARD MEMBER 1.00
Director
$0 $0 $0
ALLISON BADGERO VP OF DEVELOPMENT 40.00
Highest
$113,349 $11,488 $124,837
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $6,183,922 $5,069,466 $22,585,118 $1,114,456
2024 $7,483,827 $4,457,059 $20,119,837 $3,026,768
2023 $4,127,242 $4,046,503 $16,196,989 $80,739
2022 $3,557,487 $3,557,715 $15,508,061 $-228
2021 $3,948,601 $3,318,591 $17,635,206 $630,010
2020 $2,541,506 $2,979,770 $16,161,417 $-438,264
2019 $2,797,596 $3,640,892 $16,053,501 $-843,296
2018 $2,844,721 $3,527,919 $17,006,186 $-683,198
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