Overview
What is Indiana Sports Corporation?
Indiana Sports Corporation is a nonprofit organization dedicated to promoting charitable and educational causes by fostering amateur sports competitions in central Indiana. Their mission involves supporting various organizations with similar exempt purposes, all while organizing and encouraging athletic events within the region. Their activities primarily revolve around the promotion of sports competitions, contributing positively to the local community. The organization's operations may also include scheduled events, as indicated in their description.
Official website here: www.indianasportscorp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Indiana Sports Corporation has achieved a high rating of 97% on Charity Navigator, indicating exemplary accountability and financial health. The score is derived entirely from its strong performance in financial practices, with key metrics such as a 73.70% program expense ratio and 100% independent board members contributing to its robust standing. The organization demonstrates a commitment to transparency with comprehensive policies in place, which are crucial for maintaining public trust.
Strengths of the Indiana Sports Corporation include a solid financial strategy with a low liability to asset ratio and high working capital, demonstrating financial stability. With an efficient fundraising strategy reflected in a low cost of fundraising, the organization appears well-managed and capable of effectively utilizing resources towards its mission. The presence of a strong, independent board further enhances its governance quality.
Unfortunately, user reviews from GreatNonprofits are currently unavailable, hence specific community feedback cannot be incorporated. Nevertheless, the established ratings suggest a reputable organization that is likely regarded positively within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Indiana Sports Corporation legitimate?
Indiana Sports Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana Sports Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $611,158
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,028,525
For more financial information, click here
Official website here: www.indianasportscorp.org
What is the mission statement of Indiana Sports Corporation?
The Indiana Sports Corporation aims to serve charitable and educational purposes by promoting amateur sports competitions in the central region. Their mission is to support the objectives of their affiliated organizations by fostering such sports events. This initiative is intended to contribute to various exempt purposes within the realm of sports. While specific details about events or schedules are not provided, the organization's primary focus is on fostering amateur sports competitions to serve charitable and educational purposes.
Official website here: www.indianasportscorp.org
What is the revenue of Indiana Sports Corporation?
Indiana Sports Corporation's revenue in 2023 was $22,780,255.
Official website here: www.indianasportscorp.org
Who are the executives of Indiana Sports Corporation and what are their salaries?
The average compensation at Indiana Sports Corporation during 2023 was $71,343. There are 37 employees and 2000 volunteers at Indiana Sports Corporation.
Here are 64 key members and their salaries:
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- Compensation: $354,746
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Official website here: www.indianasportscorp.org
Where can I find the form 990 for Indiana Sports Corporation?
Indiana Sports Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.indianasportscorp.org
Learn more at the official website: www.indianasportscorp.org
Mission Statement of Indiana Sports Corporation
Indiana Sports Corporation, a nonprofit organization, is committed to fulfilling charitable, educational, and similar exempt purposes. They achieve this goal by promoting amateur sports competitions in the central Indiana region. By organizing and supporting these sporting events, Indiana Sports Corporation aims to contribute positively to its community, fostering camaraderie, sportsmanship, and personal development among its participants. The organization's mission is not solely focused on sports, but it also seeks to promote education and charitable causes through these events. By fostering amateur sports competitions, Indiana Sports Corporation aims to enrich the lives of its community members and promote a healthier, more engaged society.
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Impact
October, 2024
Indiana Sports Corporation plays a vital role in promoting amateur sports competitions in central Indiana, significantly enhancing the region's sporting landscape. By fostering events and providing support to various sports organizations, it contributes to community engagement, encourages physical activity, and helps develop local talent.
The organization also drives economic impact by attracting sporting events that bring visitors to Indianapolis, thereby benefiting local businesses and increasing tourism. Additionally, its focus on educational initiatives helps cultivate a culture of sportsmanship and teamwork among participants, promoting values that extend beyond athletic competition. Overall, Indiana Sports Corporation is instrumental in shaping a vibrant sports culture that enriches the lives of individuals and strengthens the community in central Indiana.
This information is meant to be a general summary of Indiana Sports Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $422,854
- Program Service Revenue: $4,231,322
- Gross Receipts: $38,030,368
Assets and Liabilities:
- Total Assets: $18,180,329
- Total Liabilities: $6,803,773
- Net Assets: $11,376,556
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET REVENUE
Revenue
$2,637,984
OTHER EVENT REVENUE
Revenue
$856,968
MANAGEMENT FEES
Revenue
$736,370
Organization Details
Founding Year
1979
Phone
(317) 237-5000Principal Officer
Patrick Talty
Main Address
115 W WASHINGTON ST STE 1400, INDIANAPOLIS, IN, 46204
Website
www.indianasportscorp.orgNTEE Category
Code: N70 - Recreation
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