Indy Hub Inc
- Assets
- $60.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 06/2006
- Data as of
- 12/2023
- EIN
- 20-2984853
Organization Overview
Indy Hub Inc is located in Indianapolis, IN. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indy Hub Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Indy Hub Inc generated $98.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $95.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
INDYHUB HOSTED UNIQUE AND ORIGINAL EVENTS PROVIDING EXPOSURE FOR YOUNG PROFESSIONALS TO THE CIVIC, ART AND CULTURE, AND PHILANTHROPIC COMMUNITIES. THOSE EVENTS INCLUDED: PASSPORT TO THE ARTS - A TICKET SAMPLER SHOWCASING THE INDIANA REPERTORY THEATER, DANCE KALEIDOSCOPE, INDIANAPOLIS MUSEUM OF ART AND OTHERS; 12TH ANNUAL GET INDYVOLVED DREW OVER 800 YOUNG PROFESSIONALS TO LEARN ABOUT MORE THAN 80 LOCAL VOLUNTEER, CHARITABLE AND MEMBERSHIP ORGANIZATIONS THEY COULD ENGAGE WITH. ATTENDANCE AT THESE EVENTS VARIED FROM 30 TO 800. LIVE INDY INITIATIVE: THE LIVE INDY INITIATIVE IS A MULTI-YEAR EFFORT TO ELEVATE THE PERCEPTIONS OF THE CITY OF INDIANAPOLIS/MARION COUNTY TO MATCH THE PRODUCT, WITH THE GOAL OF ATTRACTING AND RETAINING RESIDENTS WITHIN THE CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rico Francis Director | 1 | $0 | |
Jacqueline Pimental-Gannon Director | 1 | $0 | |
Charles Mckinney Director | 1 | $0 | |
Kate Pangallo Director | 1 | $0 | |
Lesley Gordon Director | 1 | $0 | |
Austin Baker Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $38,917 |
| Total Revenue | $98,917 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,662 |
| Professional fees and other payments to independent contractors | $4,843 |
| Occupancy, rent, utilities, and maintenance | $2,908 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $38,561 |
| Total expenses | $94,974 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,619 |
| Other assets | $0 |
| Total assets | $60,309 |
| Total liabilities | $0 |
| Net assets or fund balances | $60,309 |