Overview
What is Indiana Black Exp Inc?
Indiana Black Expo Inc, based in Indianapolis, Indiana, is a nonprofit organization with a mission to advocate for the social and economic advancement of the African-American community. Established to provide scholarships, support youth programs, and educate the public on achievements and cultural development, the organization has been active since 1970. As a significant figure in the Indianapolis community, it serves as a platform for showcasing business opportunities and achievements of African Americans. The organization also provides financial resources for its youth and family initiatives, and engages in social responsibility efforts. With a workforce of 15 individuals, Indiana Black Expo Inc continues to serve as a beacon for awareness and progress within its community.
Official website here: www.indianablackexpo.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Indiana Black Exp Inc has received a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The organization excels in various areas, including having a fully independent board and effective financial oversight mechanisms. With an impressive accountability score of 92%, it demonstrates transparency and a commitment to financial stewardship.
The organization has shown a robust financial structure with a program expense ratio of 68.92%, indicating that a significant portion of its budget is allocated towards its programs and services. Additionally, its fundraising efficiency is notable, with only $0.03 spent to raise each dollar, highlighting effective resource management. The organization maintains a healthy working capital ratio of 1.67 years, suggesting long-term sustainability.
However, the review does note a missing whistleblower policy and a lack of distribution of tax forms to the board prior to filing. While these areas could benefit from improvement, they do not significantly detract from the overall positive evaluation of the organization’s financial practices and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Indiana Black Exp Inc legitimate?
Indiana Black Exp Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana Black Exp Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $870,668
For more financial information, click here
Official website here: www.indianablackexpo.com
What is the mission statement of Indiana Black Exp Inc?
Indiana Black Expo Inc's mission is centered around advocating for the social and economic advancement of African-Americans. Established with the purpose of providing scholarships, developing and supporting youth programs, and educating the public about the achievements and cultural development of this community, the organization serves as a significant voice for this demographic. Their primary event, the Summer Celebration, began post-Civil Rights movement, aiming to raise awareness of business opportunities and achievements within the African-American community. Over the years, it has evolved into a significant fixture for various communities in Indianapolis, offering financial resources for youth and family initiatives, and acting as a platform for social responsibility efforts.
Official website here: www.indianablackexpo.com
Who is the CEO of Indiana Black Exp Inc?
Unavailable The CEO's salary of Indiana Black Exp Inc is $242,064 and their total compensation is $250,458.
Official website here: www.indianablackexpo.com
What is the revenue of Indiana Black Exp Inc?
Indiana Black Exp Inc's revenue in 2022 was $4,412,531.
Official website here: www.indianablackexpo.com
Who are the executives of Indiana Black Exp Inc and what are their salaries?
The average compensation at Indiana Black Exp Inc during 2022 was $58,045. There are 15 employees and 220 volunteers at Indiana Black Exp Inc.
Here are 25 key members and their salaries (Indiana Black Exp Inc's CEO's salary is $242,064 and their total compensation is $250,458):
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- Compensation: $242,064
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- Compensation: $79,673
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- Compensation: $121,268
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- Other: $3,737
Official website here: www.indianablackexpo.com
Where can I find the form 990 for Indiana Black Exp Inc?
Indiana Black Exp Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indianablackexpo.com
Learn more at the official website: www.indianablackexpo.com
Mission Statement of Indiana Black Exp Inc
Indiana Black Expo, Inc. is an organization committed to serving as a powerful advocate and facilitator for the social and economic progress of African-Americans. Established with a clear mission, the organization seeks to establish scholarships, develop and support youth programs, and educate the public on the achievements and cultural development of African-Americans.
At the heart of Indiana Black Expo, Inc.'s activities is its Summer Celebration event. This annual event, which began in 1970 as a response to the Civil Rights movement, has evolved into a significant fixture in the Indianapolis community, attracting tourists, business leaders, academics, and local residents alike. The Summer Celebration serves a dual purpose, acting as both a promoter of business opportunities and achievements among African-Americans, and as a platform for social awareness and the advancement of African-American communities. Through this event, Indiana Black Expo, Inc. provides financial resources to support its youth and family programs, as well as its social responsibility initiatives.
In essence, Indiana Black Expo, Inc. is dedicated to amplifying the voices and achievements of African-Americans, fostering educational opportunities for youth, and promoting societal understanding and progress. By serving as a catalyst for change and a champion for African-American advancement, Indiana Black Expo, Inc. continues to make a significant impact in the lives of countless individuals.
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Impact
October, 2024
Indiana Black Expo, Inc. plays a significant role in promoting social and economic advancement for African Americans in Indianapolis and beyond. Through its flagship event, the Summer Celebration, which began in 1970, it has become a vital platform for highlighting business opportunities and achievements within the African American community. This annual event not only draws participants from the local community but also attracts visitors from across the state and the nation, enhancing tourism and business engagement in Indianapolis.
The Expo serves as a conduit for fostering dialogue and social awareness, addressing critical issues faced by African Americans, and strengthening community connections. By providing financial resources for youth and family programs, Indiana Black Expo actively invests in the future of the community, ensuring educational scholarships and supporting initiatives that build social responsibility. The organization is pivotal in informing the public about the economic, educational, political, religious, and cultural contributions of African Americans, thereby advancing the collective narrative and fostering a deeper understanding of these vital perspectives. Overall, Indiana Black Expo, Inc. serves as a beacon for empowerment, advocacy, and celebration of African American heritage and achievements.
This information is meant to be a general summary of Indiana Black Exp Inc. 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 2022.
- Investment Income: $70
- Program Service Revenue: $1,248,514
- Gross Receipts: $4,412,531
Assets and Liabilities:
- Total Assets: $6,099,536
- Total Liabilities: $343,271
- Net Assets: $5,756,265
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Programs and Events
Revenue
$1,248,514
Organization Details
Founding Year
1973
Phone
(317) 925-2702Main Address
601 N Shortridge Road, Indianapolis, IN, 46219
Website
www.indianablackexpo.comNTEE Category
Code: R22Z - Civil rights
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