Indy Championships Legacy Inc
- Assets
- $652.7k
- Revenue
- $145.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 82-3758589
Organization Overview
Indy Championships Legacy Inc is located in Indianapolis, IN. The organization was established in 2019. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indy Championships Legacy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION SUPPORTS, BENEFITS, PERFORMS, AND CARRIES OUT THE CHARITABLE, EDUCATIONAL, AND OTHER EXEMPT PURPOSES OF THE INDIANA SPORTS CORPORATION (THE "SUPPORTED ORGANIZATION") THAT ARE RELATED TO THE HOSTING OF SPORTS CHAMPIONSHIP GAMES, TOURNAMENTS, AND/OR COMPETITIONS, AND OTHER EXTRAORDINARY EVENTS IN INDIANAPOLIS AND THE LEGACY PROJECTS RELATED THERETO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT THE EXEMPT PURPOSES OF THE SUPPORTED ORGANIZATION THAT ARE RELATED TO THE HOSTING OF SPORTS CHAMPIONSHIPS GAMES, TOURNAMENTS, AND/OR COMPETITIONS, AND OTHER EXTRAORDINARY EVENTS IN INDIANAPOLIS AND THE LEGACY PROJECTS RELATED THERETO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Lewis President | OfficerTrustee | 10 | $0 |
Cathy Langham Vice President | OfficerTrustee | 2 | $0 |
Derrick Burks Treasurer | OfficerTrustee | 2 | $0 |
Rafael Sanchez Secretary | OfficerTrustee | 2 | $0 |
Michael Browning Board Member | Trustee | 2 | $0 |
Mark Miles Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $143,333 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,333 |
| Total Program Service Revenue | $0 |
| Investment income | $2,175 |
| 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 | $145,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $652,712 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $652,712 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $652,712 |
| Total liabilities and net assets/fund balances | $652,712 |
Grants Awarded
Over the last fiscal year, Indy Championships Legacy Inc has awarded $770,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA SPORTS CORPORATION PURPOSE: PROGRAMMING ASSISTANCE | $210,000 |
INDY COLLEGE FOOTBALL PLAYOFF INC PURPOSE: PROGRAMMING ASSISTANCE | $560,000 |