Indy Convergence Inc
- Assets
- $180.6k
- Revenue
- $256.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 02/2009
- Data as of
- 06/2022
- EIN
- 80-0253483
Organization Overview
Indy Convergence Inc is located in Indianapolis, IN. The organization was established in 2009. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indy Convergence Inc 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 06/2022, Indy Convergence Inc generated $256.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.8% each year . All expenses for the organization totaled $196.1k during the year ending 06/2022. While expenses have increased by 18.6% per year over the past 4 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SPACE AND MATERIAL FOR ARTISTS AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3
GENERAL PROGRAMS - INDY CONVERGENCE PROVIDES PROFESSIONAL DEVELOPMENT AND TANGIBLE SUPPORT TO BOTH ARTISTS AND COMMUNITY GROUPS IN INDIANAPOLIS TO BRING ARTISTIC PROJECTS TO LIFE. THIS FALLS IN LINE WITH THE ORGANIZATION'S PLEDGE TO COME ALONGSIDE OUR NEIGHBORS AND ART PARTNERS THROUGH PEOPLE-CENTERED PROGRAMMING AND CELEBRATE OUR WORK TOGETHER WITH OUR PARTNERS AND COMMUNITY.
OTHER PROGRAMS
SUMMER RESIDENCY - THE RESIDENCY IS THE ORGANIZATION'S FLAGSHIP PROGRAM. IT WELCOMES CREATIVES TO INDIANAPOLIS FROM AROUND THE COUNTRY FOR TWO WEEKS TO COLLABORATE, LEARN, SHARE, AND TEACH WITH ONE ANOTHER ACROSS DISCIPLINES. THIS PROGRAM HAS BEEN CALLED "TRANSFORMATIVE", "LIFE CHANGING", AND "THE MOST CREATIVE, ARTIST EXPERIENCE EVER."
A RISING TIDE - THIS PROGRAM IS MOBILE, NON-INVASIVE ARTS PROGRAMMING ALONG THE SHORES OF THE WHITE RIVER BETWEEN 16TH STREET AND NEW YORK ST IN INDIANAPOLIS, IN. THIS TAKES SHAPE AS AN ANNUAL FESTIVAL FEATURING PERFORMING ARTS EVENTS ON TWO STAGES. THESE SHOWS ARE PAIRED WITH EDUCATIONAL WORKSHOPS AND INTERACTIVE ACTIVITIES LIKE GUIDED, BILINGUAL, NATURE HIKES THAT ENCOURAGE RESIDENTS TO ENJOY THE WHITE RIVER, UNDERSTAND THE ECOLOGICAL IMPORTANCE OF OUR CITY'S MOST IMPORTANT WATERWAY. THIS PROGRAM IS A FUSION OF INDY CONVERGENCE'S ARTISTS AND COMMUNITY WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caitlin Negron Executive Director | 40 | $9,000 | |
Robert Negron Artistic Director | 40 | $7,860 | |
Kelsey Eberle Board President | 5 | $0 | |
Jeffery Woodard Treasurer | 5 | $0 | |
Whitney Fields Board Member | 5 | $0 | |
Lee Rainboth Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,002 |
| All other contributions, gifts, grants, and similar amounts not included above | $168,464 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,466 |
| Total Program Service Revenue | $28,998 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $44,505 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $35,546 |
| Compensation of current officers, directors, key employees. | $29,696 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,013 |
| Fees for services: Accounting | $5,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,573 |
| Advertising and promotion | $2,327 |
| Office expenses | $11,307 |
| Information technology | $1,220 |
| Royalties | $0 |
| Occupancy | $20,576 |
| Travel | $15,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,570 |
| Insurance | $8,278 |
| All other expenses | $137 |
| Total functional expenses | $196,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,737 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $131,885 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $180,622 |
| Accounts payable and accrued expenses | $577 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $138,583 |
| Other liabilities | $0 |
| Total liabilities | $139,160 |
| Net assets without donor restrictions | $41,462 |
| Net assets with donor restrictions | $0 |
| 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 | $180,622 |