INDY HUB FOUNDATION INC

EIN: 455430916 501(c)(3) Philanthropy & Grantmaking

INDIANAPOLIS, IN

Total Revenue
$241,946
Total Expenses
$260,680
Total Assets
$34,040
Net Assets
$22,350
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
IN
Principal Officer
NAPOLEON A CARROLL III
Phone
3176240248
Tax Period
2023-01-01 to 2023-12-31

INDY HUB FOUNDATION INC, founded in 2013, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $242K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO ATTRACT, ENGAGE, EDUCATE, AND MOTIVATE YOUNG PROFESSIONALS OF ALL VARIETIES TO MAKE INDIANAPOLIS AN EVEN GREATER PLACE TO LIVE, WORK, AND PLAY.

Program Service Accomplishments

Program 1
Expenses: $29,273

INDYVOLVED - INDYHUB'S LARGEST ANNUAL EVENT, PROVIDING A VOLUNTEER FAIR FOR THE COMMUNITY'S YOUNG PROFESSIONALS. MORE THAN 115 NONPROFITS EXHIBIT IN INDY'S CENTRAL LIBRARY, SHOWCASING VOLUNTEER AND...

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INDYVOLVED - INDYHUB'S LARGEST ANNUAL EVENT, PROVIDING A VOLUNTEER FAIR FOR THE COMMUNITY'S YOUNG PROFESSIONALS. MORE THAN 115 NONPROFITS EXHIBIT IN INDY'S CENTRAL LIBRARY, SHOWCASING VOLUNTEER AND BOARD OPPORTUNITIES FOR MORE THAN 2,000 PARTICIPANTS.

Program 2
Expenses: $4,924

MEET INDY -RESEARCH SHOWS THAT EACH YEAR, 1 MILLION YOUNG ADULTS PICK UP AND MOVE. ATINDYHUB WE KNOW THAT BUILDING MEANINGFUL CONNECTIONS TO NEIGHBORHOODS, AMENITIES, CULTURE,AND PEOPLE IS CRUCIAL TO...

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MEET INDY -RESEARCH SHOWS THAT EACH YEAR, 1 MILLION YOUNG ADULTS PICK UP AND MOVE. ATINDYHUB WE KNOW THAT BUILDING MEANINGFUL CONNECTIONS TO NEIGHBORHOODS, AMENITIES, CULTURE,AND PEOPLE IS CRUCIAL TO BEING HAPPY AND PROSPEROUS IN THE PLACE YOU CALL HOME. THE MEET INDYPROJECT IS CUSTOMIZED JUST FOR YOU. THE INDYHUB TEAM WILL LEARN MORE ABOUT YOU AND THENCONNECT YOU TO ONE OF OUR INCREDIBLE CITY AMBASSADORS. THEY'LL SIT DOWN AND LEARN ABOUT YOU- YOUR LIKES, YOUR DISLIKES, WHAT MAKES YOU GET OUT OF BED IN THE MORNING, AND THE THINGS THAT YOUENJOY WHEN YOU AREN'T AT WORK. ALL OF THAT INFORMATION IS KEY AS IT PLAYS INTO THE NEXT STEP-WHEREWE CONNECT YOU TO OUR FRIENDS AND PEERS FROM OTHER INDY ORGANIZATIONS SO YOU CAN DEEPEN YOURSOCIAL CAPITAL AND ENGAGEMENT IN INDY.

Program 3
Expenses: $1,423

1828 LEADERSHIP PROJECT - ANNUAL LEADERSHIP PROGRAM WHICH CONVENES A COHORT OF 18-28 YEAR OLDS TO ENGAGE WITH CORPORATE, CIVIC, AND PHILANTHROPIC LEADERS. PROGRAM FOCUSES ON LEADERSHIP DEVELOPMENT...

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1828 LEADERSHIP PROJECT - ANNUAL LEADERSHIP PROGRAM WHICH CONVENES A COHORT OF 18-28 YEAR OLDS TO ENGAGE WITH CORPORATE, CIVIC, AND PHILANTHROPIC LEADERS. PROGRAM FOCUSES ON LEADERSHIP DEVELOPMENT, COMMUNITY BUILDING AN ACTIONABLE OUTCOMES FOR PARTICIPANTS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $232,641
Program Service Revenue $8,389
Investment Income $0
Other Revenue $916
TOTAL REVENUE $241,946

Expense Breakdown

Grants Paid $0
Salaries & Benefits $155,543
Fundraising Expenses $7,841
Program Expenses $165,287
Other Expenses $105,137
TOTAL EXPENSES $260,680

Year-over-Year Comparison

2023 2022 Change
Revenue $241,946 $214,136 +0.1%
Expenses $260,680 $204,270 +0.3%
Net Income $-18,734 $9,866 -2.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
75

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
2
$95,000
Total Directors
10
$95,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NAPOLEON CARROLL PRESIDENT 35.00
Officer Director
$76,095 $0 $95,000
TREVOR BELDEN FOUNDATION CHAIR 1.00
Officer Director
$0 $0 $0
KATE BROSHEARS DIRECTOR 1.00
Director
$0 $0 $0
JOE PELLMAN DIRECTOR 1.00
Director
$0 $0 $0
BECCA SCHMIEGEL DIRECTOR 1.00
Director
$0 $0 $0
BRITTANY CRONE DIRECTOR 1.00
Director
$0 $0 $0
NIKKI KIRK DIRECTOR 1.00
Director
$0 $0 $0
CHRIS HICKS DIRECTOR 1.00
Director
$0 $0 $0
LEXIE SEWARD DIRECTOR 1.00
Director
$0 $0 $0
JENNY CASH DIRECTOR 1.00
Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $241,946 $260,680 $34,040 $-18,734
2022 $214,136 $204,270 $42,069 $9,866
2021 $344,469 $209,766 $53,374 $134,703
2020 $188,942 $227,151 $17,807 $-38,209
2019 $218,055 $252,485 $33,681 $-34,430
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