Overview
What is Indy Hub Foundation Inc?
Indy Hub Foundation Inc, based in Indianapolis, Indiana, is a nonprofit organization dedicated to engaging and motivating young professionals to contribute positively to their city. Their primary activity is IndyInvolved, an annual volunteer fair held at the Central Library, where over 115 nonprofits present volunteer and board opportunities to around 2,000 attendees. The foundation's mission is to make Indianapolis a more appealing place for living, working, and playing by attracting and involving young professionals in various capacities.
Official website here: www.indyhub.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Stars
Indy Hub Foundation Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 82%. This score is primarily based on the organization's Accountability & Finance, indicating a strong emphasis on responsible financial management. The foundation excels in several key areas, such as having a fully independent board and a commendable liabilities-to-assets ratio of 2.34%, demonstrating prudent financial practices.
The organization displays a commitment to transparency and governance, with policies like conflict of interest and whistleblower protections in place. Additionally, all board meeting minutes are documented, highlighting their dedication to accountability. However, while the majority of financial indicators are positive, the program expense ratio of 63.35% suggests that there may be room for improvement in allocating resources directly toward programmatic activities.
Overall, the Indy Hub Foundation Inc shows a solid foundation in governance and financial accountability, although there are areas within program spending that could be optimized to enhance their impact further.
This AI summary has been generated from information found on Charity Navigator.
Is Indy Hub Foundation Inc legitimate?
Indy Hub Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indy Hub Foundation 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: $35,439
Professional Fundraising Fees: $0
Other Salaries and Wages: $100,201
For more financial information, click here
Official website here: www.indyhub.org
What is the mission statement of Indy Hub Foundation Inc?
The Indy Hub Foundation Inc's mission is focused on engaging, educating, and motivating young professionals of various backgrounds to contribute to improving their community. Their goal is to enhance Indianapolis as a desirable place to live, work, and play. One of their primary initiatives is IndyVOLVED, an annual event that offers a volunteer fair, connecting young professionals with numerous nonprofits and volunteer opportunities. This event attracts over 2,000 participants, showcasing volunteer and board opportunities for more than 115 nonprofits.
Official website here: www.indyhub.org
Who is the CEO of Indy Hub Foundation Inc?
Napoleon A Carroll Iii is the President of Indy Hub Foundation Inc.
Official website here: www.indyhub.org
What is the revenue of Indy Hub Foundation Inc?
Indy Hub Foundation Inc's revenue in 2022 was $214,136.
Official website here: www.indyhub.org
Who are the executives of Indy Hub Foundation Inc and what are their salaries?
There 80 volunteers at Indy Hub Foundation Inc.
Here are 10 key members and their salaries:
- Compensation: $35,439
- Related: $8,804
- Other: $3,433
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- Other: $0
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- Other: $0
Official website here: www.indyhub.org
Where can I find the form 990 for Indy Hub Foundation Inc?
Indy Hub Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indyhub.org
Learn more at the official website: www.indyhub.org
Mission Statement of Indy Hub Foundation Inc
Indy Hub Foundation Inc is a nonprofit organization with a mission to attract, engage, educate, and motivate young professionals of various backgrounds. Their goal is to inspire these individuals to contribute to making Indianapolis an even more vibrant place to live, work, and play. To achieve this, they organize events and initiatives that provide opportunities for young professionals to get involved in community service.
One of their significant initiatives is IndyInvolved, an annual volunteer fair. During this event, held at Indianapolis' Central Library, over 115 nonprofits showcase volunteer and board opportunities. This event attracts more than 2,000 participants, providing them with a platform to explore ways to contribute to their community and make a difference in the lives of others. By engaging young professionals in such activities, Indy Hub Foundation Inc aims to foster a sense of community and empower these individuals to contribute to the betterment of Indianapolis.
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Impact
October, 2024
Indy Hub Foundation Inc plays a pivotal role in enhancing the vibrancy and community engagement of Indianapolis by attracting and motivating young professionals. Through initiatives like INDYVOLVED, which is the foundation's largest annual event, it provides a platform for over 115 organizations to connect with more than 2,000 young professionals seeking volunteer and board opportunities.
This event not only showcases the various ways that individuals can contribute to their communities but also fosters a spirit of collaboration and civic involvement among participants. By engaging and educating these young professionals, Indy Hub Foundation Inc helps to cultivate a sense of belonging and purpose within the city, ultimately making Indianapolis a more dynamic and appealing place to live, work, and play. The foundation's commitment to community is driving change and promoting a culture of philanthropy among the future leaders of the city.
This information is meant to be a general summary of Indy Hub Foundation 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: $1
- Program Service Revenue: $13,112
- Gross Receipts: $214,136
Assets and Liabilities:
- Total Assets: $42,069
- Total Liabilities: $985
- Net Assets: $41,084
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION AND FEE I
Revenue
$13,112
Organization Details
Founding Year
2013
Phone
(317) 624-0248Principal Officer
Napoleon A Carroll Iii
Main Address
PO BOX 19611, INDIANAPOLIS, IN, 46219
Website
www.indyhub.orgNTEE Category
Code: T12 - Philanthropy
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