Overview
What is Indy Championships Fund Inc?
Indy Championships Fund Inc, located in Indianapolis, Indiana, is a nonprofit organization with a primary focus on promoting the economic growth and opportunities for local businesses. They achieve this by attracting and hosting various events, such as professional and amateur sports championship games, tournaments, competitions, and extraordinary events or conventions. The organization secures donor members to support these initiatives, which includes the 2022 College Football Championship Game and the 2024 NBA All-Star Game. With a small team of one employee, Indy Championships Fund Inc plays a significant role in boosting the local economy and community by attracting large events to Indianapolis.
Is Indy Championships Fund Inc legitimate?
Indy Championships Fund Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Indy Championships Fund 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: $32,264
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Indy Championships Fund Inc?
The Indy Championships Fund Inc is dedicated to promoting the common interests and growth of businesses by attracting and hosting professional and amateur sports championship games, tournaments, competitions, and extraordinary events or conventions. This organization aims to create opportunities and enhance the general economic welfare for these businesses in an unspecified location. To achieve its mission, the Indy Championships Fund Inc secures donor members to support the organization in hosting various events, such as the 2022 College Football Championship Game and the 2024 NBA All-Star Game.
Who is the CEO of Indy Championships Fund Inc?
David Lewis is the Co-Chair of Indy Championships Fund Inc.
What is the revenue of Indy Championships Fund Inc?
Indy Championships Fund Inc's revenue in 2022 was $4,417,167.
Who are the executives of Indy Championships Fund Inc and what are their salaries?
The average compensation at Indy Championships Fund Inc during 2022 was $32,264. There is 1 employee and 26 volunteers at Indy Championships Fund Inc.
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- Compensation: $31,506
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- Other: $5,088
Where can I find the form 990 for Indy Championships Fund Inc?
Indy Championships Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Indy Championships Fund Inc
Indy Championships Fund Inc, as a nonprofit organization, is dedicated to promoting the common business interests, growth, and economic welfare of businesses in its area. It achieves this mission by attracting and hosting professional and amateur sports championship games, tournaments, and competitions, as well as other extraordinary events or conventions. The primary objective is to create opportunities and stimulate growth within the local business community. To support this endeavor, Indy Championships Fund Inc secures donor members, contributing to the organization's efforts to host various events, such as the 2022 College Football Championship Game and the 2024 NBA All-Star Game.
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Impact
October, 2024
Indy Championships Fund Inc significantly contributes to the economic landscape of the Indianapolis area by focusing on promoting business interests and fostering growth opportunities. By attracting and hosting high-profile sports championship games and other extraordinary events, it creates a vibrant atmosphere that enhances the local economy.
The organization works to secure donor support for major sporting events, such as the 2022 College Football Championship Game and the 2024 NBA All-Star Game. These events not only draw visitors from across the country but also stimulate local businesses, including hotels, restaurants, and retail shops, thereby boosting employment and generating revenue.
Furthermore, Indy Championships Fund Inc plays a crucial role in enhancing the city’s reputation as a key destination for major sports and events. This not only showcases Indianapolis as a hub for sports tourism but also encourages further investments and developments in the area. Overall, its impact can be seen in the heightened economic activity, improved community spirit, and strengthened infrastructure that arise from hosting such significant events.
This information is meant to be a general summary of Indy Championships Fund 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: $55,024
- Program Service Revenue: $337,975
- Gross Receipts: $4,417,167
Assets and Liabilities:
- Total Assets: $7,913,531
- Total Liabilities: $0
- Net Assets: $7,913,531
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET REVENUE
Revenue
$337,975
Organization Details
Founding Year
2017
Phone
(317) 237-5000Principal Officer
David Lewis
Main Address
115 W WASHINGTON ST STE 1400, INDIANAPOLIS, IN, 46204
NTEE Category
Code: S41 - Community improvement
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