Indiana Sports Corporation
- Assets
- $18.4m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 37
- Location
- Indianapolis, IN
- Founding
- 04/1980
- Data as of
- 12/2021
- EIN
- 31-0975117
Organization Overview
Indiana Sports Corporation is located in Indianapolis, IN. The organization was established in 1980. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Indiana Sports Corporation employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Sports Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Indiana Sports Corporation generated $8.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $9.0m during the year ending 12/2021. While expenses have increased by 6.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Indiana Sports Corporation has awarded 74 individual grants totaling $2,418,466. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PERFORM CHARITABLE, EDUCATIONAL AND SIMILAR EXEMPT PURPOSES BY FOSTERING AMATEUR SPORTS COMPETITIONS IN CENTRAL INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIG TEN FOOTBALL CHAMPIONSHIP GAME
NCAA MEN'S BASKETBALL TOURNAMENT
BIG TEN WOMEN'S BASKETBALL TOURNAMENT
BIG TEN MEN'S BASKETBALL TOURNAMENT; INDY ULTIMATE; CORPORATE CHALLENGE; YOUTH PROGRAMS; BID EXPENES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Vaughn President | Officer | 40 | $368,774 |
Patrick Talty COO | Officer | 40 | $212,561 |
Brad Bowman Senior VP And CFO | Officer | 40 | $138,967 |
Michael Karnuta Senior Vice President | 40 | $137,503 | |
Sarah Myer Vice President | 40 | $100,529 | |
Scott Dorsey Past Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pacers Sports And Entertainment Venue Rentals And Services | 12/30/21 | $290,123 |
Bagley Medical Supply Llc Medical Testing | 12/30/21 | $243,929 |
Innovative Videography/production | 12/30/21 | $149,190 |
Luxery Worldwide Transportation Inc Transportation | 12/30/21 | $128,325 |
Hpt Indianapolis 101-115 West Washington Office Rent | 12/30/21 | $186,694 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $478,839 |
| Fundraising events | $123,810 |
| Related organizations | $0 |
| Government grants | $2,272,568 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,560,786 |
| Noncash contributions included in lines 1a–1f | $111,470 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,436,003 |
| Total Program Service Revenue | $2,088,194 |
| Investment income | $330,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,919 |
| Net Income from Fundraising Events | $8,655 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,869,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $596,245 |
| Grants and other assistance to domestic individuals. | $20,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $807,256 |
| Compensation of current officers, directors, key employees. | $342,578 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,545,771 |
| Pension plan accruals and contributions | $90,284 |
| Other employee benefits | $134,689 |
| Payroll taxes | $145,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,078 |
| Fees for services: Accounting | $36,716 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,761 |
| Fees for services: Other | $359,698 |
| Advertising and promotion | $258,176 |
| Office expenses | $59,981 |
| Information technology | $92,126 |
| Royalties | $0 |
| Occupancy | $253,278 |
| Travel | $17,205 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,977 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,214 |
| Insurance | $131,985 |
| All other expenses | $32,365 |
| Total functional expenses | $9,030,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,014,341 |
| Pledges and grants receivable | $300,000 |
| Accounts receivable, net | $824,124 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $179,135 |
| Net Land, buildings, and equipment | $403,489 |
| Investments—publicly traded securities | $10,297,223 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $353,818 |
| Total assets | $18,372,130 |
| Accounts payable and accrued expenses | $4,087,573 |
| Grants payable | $0 |
| Deferred revenue | $1,463,827 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,551,400 |
| Net assets without donor restrictions | $10,987,021 |
| Net assets with donor restrictions | $1,833,709 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,372,130 |
Grants Awarded
Over the last fiscal year, Indiana Sports Corporation has awarded $471,215 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: PROGRAMMING ASSISTANCE | $355,000 |
Bloomington, IN PURPOSE: PROGRAMMING ASSISTANCE | $44,000 |
Muncie, IN PURPOSE: PROGRAMMING ASSISTANCE | $15,000 |
Evansville, IN PURPOSE: PROGRAMMING ASSISTANCE | $11,000 |
Indianapolis, IN PURPOSE: PROGRAMMING ASSISTANCE | $10,000 |
LAKE COUNTY CONVENTION & VISITORS BUREAU PURPOSE: PROGRAMMING ASSISTANCE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Indiana Sports Corporation has recieved totaling $2,807,387.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: HOST NCAA BASKETBALL TOURNAMENT | $905,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: GENERAL OPERATING SUPPORT | $500,000 |
Indy Championships Fund Inc Indianapolis, IN PURPOSE: GENERAL OPERATIONS | $320,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: HOST COLLEGE FOOTBALL NATL PLAYOFFS | $250,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: CTR FOR SPORTS TRANSFORMATION PROGRM | $250,000 |
Indy Championships Legacy Inc Indianapolis, IN PURPOSE: PROGRAMMING ASSISTANCE | $210,000 |
Endowment Analysis
| Beg. Balance | $8,276,626 |
| Earnings | $81,475 |
| Net Contributions | $901,347 |
| Other Expense | $60,804 |
| Ending Balance | $9,198,644 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Football Indianapolis, IN | $24,226,774 | $15,821,078 |
Midway Usa Foundation Inc Columbia, MO | $194,100,293 | $37,103,631 |
Indiana Sports Corporation Indianapolis, IN | $18,372,130 | $8,869,621 |
United States Hunter Jumper Association Inc Lexington, KY | $20,251,014 | $9,522,034 |
Indy College Football Playoff Inc Indianapolis, IN | $2,356,063 | $6,670,000 |
Amateur Trapshooting Association Of America Sparta, IL | $23,868,836 | $5,940,549 |
Missouri Valley Conference Inc St Louis, MO | $10,444,732 | $10,359,535 |
Mid-America Intercollegiate Athletics Association Kansas City, MO | $897,244 | $2,652,440 |
National Archery In The Shools Program Inc Waldo, WI | $6,967,095 | $3,407,459 |
The United States Pony Clubs Inc Lexington, KY | $8,497,562 | $2,773,212 |
Louisville Urban League Sports And Learning Complex Inc Louisville, KY | $77,056,765 | $1,676,545 |
Chicago Jets Hockey Club Inc Chicago, IL | $335,603 | $2,097,431 |