Overview
What is Indy Pride Inc?
Indy Pride Inc, based in Indianapolis, Indiana, is a nonprofit organization that focuses on fostering unity and celebrating diversity within the Lesbian, Gay, Bisexual, Transgender, and Straight communities. Their mission is to promote leadership development, provide educational and support programs, and organize community events, all aiming to achieve inclusivity, equality, and strong community connections. Despite the challenges posed by the 2020 pandemic, Indy Pride Inc managed to adapt and host over 30 events, the majority of which were virtual. Their flagship event, the Virtual Pride Festival held in June, attracted over 39,000 online viewers. With a dedicated team of one employee, Indy Pride Inc continues to serve the LGBTQ community of Central Indiana.
Official website here: www.indypride.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 69%)
Indy Pride Inc has received a Two-Star rating from Charity Navigator, indicating that the organization has areas that require significant improvement, particularly in accountability and financial transparency. The overall score of 69% reflects the organization’s commitment to certain areas such as having a fully independent board, which is a positive sign for governance.
However, the organization has notable weaknesses, particularly in its financial practices. It received a zero score in several key areas, such as having a conflict of interest policy, a whistleblower policy, and document retention procedures. Additionally, the lack of posted financial statements on its website raises concerns about transparency and accessibility for stakeholders.
On a positive note, the financial health of Indy Pride Inc appears stable, with a low liabilities to assets ratio and a strong program expense ratio of 74.90%, indicating that a significant portion of its resources is directed towards its programs. Overall, while there are strengths in governance and program funding, the organization must address its compliance and transparency issues to improve its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Indy Pride Inc legitimate?
Indy Pride Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indy Pride 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: $89,125
Professional Fundraising Fees: $0
Other Salaries and Wages: $79,770
For more financial information, click here
Official website here: www.indypride.org
What is the mission statement of Indy Pride Inc?
Indy Pride Inc, an organization dedicated to serving the LGBTQ community, exists with the aim of fostering unity, leadership development, education, and support programs. Their mission is to promote inclusivity, equality, strong community connections, and awareness of LGBTQ issues through various events and initiatives. These activities not only educate but also celebrate diversity and create unity within and between the lesbian, gay, bisexual, transgender, and straight communities. The organization's efforts often include community events, such as the annual Pride Festival, which in 2020 shifted to virtual content due to the pandemic, attracting over 39,000 online viewers.
Official website here: www.indypride.org
What is the revenue of Indy Pride Inc?
Indy Pride Inc's revenue in 2023 was $1,656,259.
Official website here: www.indypride.org
Who are the executives of Indy Pride Inc and what are their salaries?
The average compensation at Indy Pride Inc during 2023 was $84,448. There are 2 employees and 300 volunteers at Indy Pride Inc.
Here are 18 key members and their salaries:
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- Compensation: $86,625
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- Other: $2,500
Official website here: www.indypride.org
Where can I find the form 990 for Indy Pride Inc?
Indy Pride Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.indypride.org
Learn more at the official website: www.indypride.org
Mission Statement of Indy Pride Inc
Indy Pride Inc, an organization dedicated to the LGBTQ community in Central Indiana, exists with a mission to unite and serve its members and the broader LGBTQ population through leadership development, educational and support programs, and community events. The primary goal of Indy Pride Inc is to foster inclusivity, equality, strong community connections, and awareness of LGBTQ issues. They achieve this mission by organizing events, festivals, and activities that celebrate diversity and create unity within the lesbian, gay, bisexual, transgender, and straight communities.
During challenging times, such as the 2020 pandemic, Indy Pride Inc adapted its programming to virtual content. Despite the shift, the organization managed to host over 30 events, most of which were virtual. The virtual Pride Festival in June attracted an impressive online audience of over 39,000 viewers, demonstrating the organization's ability to engage and connect with its community, even in the face of adversity. Through its various initiatives, Indy Pride Inc plays a crucial role in fostering a supportive and inclusive environment for the LGBTQ community, promoting unity and understanding within the broader society.
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Impact
October, 2024
Indy Pride Inc significantly impacts the LGBTQ community and its allies in Central Indiana by fostering inclusivity, celebrating diversity, and promoting education about various sexual orientations and gender identities. Through events like the annual Pride Festival and a range of social programming, it creates a vibrant platform for expression and unity among the LGBTQ community and their supporters.
The organization's efforts to adapt during the 2020 pandemic, shifting to virtual programming, showcased its resilience and commitment. Over 30 online events engaged a wide audience, culminating in a virtual Pride Festival that attracted more than 39,000 views. This not only maintained community engagement during challenging times but also expanded accessibility, reaching individuals who may not have been able to attend in person.
By focusing on leadership development and awareness of LGBTQ issues, Indy Pride Inc contributes to stronger community connections and fosters an environment where inclusivity and equality are prioritized. Its programming serves as a vital resource for education, support, and advocacy, helping to ensure that diverse voices are heard and valued.
This information is meant to be a general summary of Indy Pride 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 2023.
- Investment Income: $14,612
- Program Service Revenue: $973,003
- Gross Receipts: $1,657,887
Assets and Liabilities:
- Total Assets: $501,105
- Total Liabilities: $37,224
- Net Assets: $463,881
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRIDEFEST EVENT
Revenue
$973,003
Organization Details
Founding Year
1997
Principal Officer
Dakota Morris
Website
www.indypride.orgNTEE Category
Code: N52 - Recreation
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