500 FESTIVAL FOUNDATION INC

Address
21 VIRGINIA AVENUE No 500
INDIANAPOLIS, IN 46204
Contact
Website: http://www.500festival.com
Phone: +1 (317) 927-3378
Nonprofit
NTEE: O50 - Youth Development Programs, Other
EIN: 35-1961814

Mission

teh mission of the 500 festival foundation is to generate funds to support the mission of 500 festival inc.
 20172016201520142013
Basic features of the organization
Year of formation1996
Subsection code03
PF filing required0    
Metropolitan statistical area3480
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel    $0.00
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00 $0.00
Number of employees000 0
Number of people compensated >$100k000 0
Number of volunteers211920 0
Number of highly compensated contractors000  
Personnel
Ackerman, John
TitletrusteetrusteeTRUSTEEDIRECTOR 
Name of key/compensated personJohn AckermanJohn AckermanJOHN ACKERMANJOHN ACKERMAN 
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Officer, director, trustee, or key employee   True 
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Aletto, Gary
Titletrustee    
Name of key/compensated personGARY ALETTO    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Blackburn, Alpha
Title  TRUSTEEDIRECTORTrustee
Name of key/compensated person  ALPHA BLACKBURNALPHA BLACKBURNAlpha Blackburn
Position of compensated person
Current individual trustee or director  True True
Officer, director, trustee, or key employee   True 
Average hours per week working for org  1.00 1.0
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Broadbent, Mary
TitletrusteetrusteeTRUSTEECHAIRPERSONChairperson
Name of key/compensated personMARY CLARE BROADBENTmary clare broadbentMARY CLARE BROADBENTMARY CLARE BROADBENTMary Clare Broadbent
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Officer, director, trustee, or key employee   True 
Average hours per week working for org1.001.001.00 1.0
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Bryant, Bob
Title    President & CEO eff. 6/10/13
Name of key/compensated person    Bob Bryant
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.0
Corresponding comp from related orgs
Bryant, Robert
TitlePRESIDENT & CEOPRESIDENT & CEOPRESIDENT & CEO  
Name of key/compensated personROBERT BRYANTROBERT BRYANTROBERT BRYANT  
Position of compensated person
Average hours per week working for org1.001.000.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$32,627.00$36,798.00$35,386.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $347,229.00$320,462.00$306,735.00  
Crisp, John
Titletrustee    
Name of key/compensated personJOHN CRISP    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Dickman, Ted
Titletrustee    
Name of key/compensated personTED DICKMAN    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Fennig, Greg
TitletrusteetrusteeTRUSTEEDIRECTOR 
Name of key/compensated personGREG FENNIGgreg fennigGREG FENNIGGREG FENNIG 
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Officer, director, trustee, or key employee   True 
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
George, Mari
Title trusteeTRUSTEE  
Name of key/compensated person mari hulman georgeMARI HULMAN GEORGE  
Position of compensated person
Current individual trustee or director TrueTrue  
Average hours per week working for org 1.001.00  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
George, Mary
Title    Trustee
Name of key/compensated person    Mary Hulman George
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.0
Goodwin, Stweart
Title   TRUSTEE 
Name of key/compensated person   GENERAL STWEART GOODWIN 
Officer, director, trustee, or key employee   True 
Reportable compensation from org   $0.00 
Hendrix, Kirk
Title    President & CEO thru 3/1/13
Name of key/compensated person    Kirk Hendrix
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.0
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $28,342.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $317,641.00
Kosene, David
TitletrusteetrusteeTRUSTEETRUSTEETrustee
Name of key/compensated personDAVID KOSENEdavid koseneDAVID KOSENEDAVID KOSENEDavid Kosene
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Officer, director, trustee, or key employee   True 
Average hours per week working for org1.001.001.00 1.0
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Lowe, Jennifer
TitleVICE PRESIDENT OF FINANCEVICE PRESIDENT OF FINANCEVICE PRESIDENT OF FINANCE Finance Director
Name of key/compensated personJENNIFER LOWEJENNIFER LOWEJENNIFER LOWE Jennifer Lowe
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org1.001.000.00 1.0
Reportable compensation from org$0.00$0.00$0.00 $0.00
Other comp, non-reportable, from org and related orgs$18,968.00$18,251.00$17,636.00 $12,888.00
Corresponding comp from related orgs
Reportable compensation from related orgs $110,180.00$93,021.00$86,347.00 $72,195.00
Lund, Connie
TitletrusteetrusteeTRUSTEETRUSTEE 
Name of key/compensated personCONNIE LUNDconnie lundCONNIE LUNDCONNIE LUND 
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Officer, director, trustee, or key employee   True 
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
McGowan, Tom
TitletrusteetrusteeTRUSTEETRUSTEETrustee
Name of key/compensated personTOM MCGOWANtom mcgowanTOM MCGOWANTOM MCGOWANTom McGowan
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Officer, director, trustee, or key employee   True 
Average hours per week working for org1.001.001.00 1.0
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Morgan, Charlie
Title trusteeTRUSTEETRUSTEETrustee
Name of key/compensated person charlie morganCHARLIE MORGANCHARLIE MORGANCharlie Morgan
Position of compensated person
Current individual trustee or director TrueTrue True
Officer, director, trustee, or key employee   True 
Average hours per week working for org 1.001.00 1.0
Reportable compensation from org $0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Roberts, Natalie
Titletrustee    
Name of key/compensated personNATALIE ROBERTS    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Schenck, Steve
Title    Trustee
Name of key/compensated person    Steve Schenck
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.0
Schenck, Steven
TitletrusteetrusteeTRUSTEETRUSTEE 
Name of key/compensated personSTEVEN SCHENCKsteven schenckSTEVEN SCHENCKSTEVEN J SCHENCK 
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Officer, director, trustee, or key employee   True 
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Sease, Gene
Title trusteeTRUSTEETRUSTEETrustee
Name of key/compensated person dr gene seaseDR GENE SEASEDR GENE SEASEDr Gene Sease
Position of compensated person
Current individual trustee or director TrueTrue True
Officer, director, trustee, or key employee   True 
Average hours per week working for org 1.001.00 1.0
Reportable compensation from org $0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Semler, Jerry
TitletrusteetrusteeTRUSTEETRUSTEETrustee
Name of key/compensated personJERRY SEMLERjerry semlerJERRY SEMLERJERRY D SEMLERJerry Semler
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Officer, director, trustee, or key employee   True 
Average hours per week working for org1.001.001.00 1.0
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Sexton, Marlyne
TitletrusteetrusteeTRUSTEE Trustee
Name of key/compensated personMARLYNE SEXTONmarlyne sextonMARLYNE SEXTON Marlyne Sexton
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Average hours per week working for org1.001.001.00 1.0
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Shearon, Howard
TitleTRUsteetrusteeTRUSTEE Trustee
Name of key/compensated personHOWARD SHEARONhoward shearonHOWARD SHEARON Howard Shearon
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Average hours per week working for org1.001.001.00 1.0
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Sinclair, Paul
TitleTRUStee    
Name of key/compensated personPAUL SINCLAIR    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Skjodt, Cindy
TitleCHairvice chairVICE CHAIR Trustee
Name of key/compensated personCINDY SIMON SKJODTcindy simon skjodtCINDY SIMON SKJODT Cindy Simon Skjodt
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Average hours per week working for org1.001.001.00 1.0
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Smith, Al
Titletrusteevice chairVICE CHAIR Trustee
Name of key/compensated personAL SMITH JRal smith jrAL SMITH JR Al Smith Jr
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Average hours per week working for org1.001.001.00 1.0
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Stillwell, Betty
Title chairCHAIR Vice Chairman
Name of key/compensated person betty stillwellBETTY STILLWELL Betty Stillwell
Position of compensated person
Current individual trustee or director TrueTrue True
Average hours per week working for org 1.001.00 1.0
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Stilwell, Betty
Titletrustee    
Name of key/compensated personBETTY STILWELL    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Thiems, Scott
TitletrusteetrusteeTRUSTEE Trustee
Name of key/compensated personSCOTT THIEMSscott thiemsSCOTT THIEMS Scott Thiems
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Average hours per week working for org1.001.001.00 1.0
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Walker, Steve
TitleTRUsteetrusteeTRUSTEE trustee
Name of key/compensated personSTEVE WALKERsteve walkerSTEVE WALKER Steve Walker
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Average hours per week working for org1.001.001.00 1.0
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Wurster, Al
TitleVICE CHAIRtrusteeTRUSTEE  
Name of key/compensated personAL WURSTERal wursterAL WURSTER  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Purpose: mission, activities, & accomplishments
Mission or significant activitiesThe 500 Festival Foundation Inc. supports the charitable activities of the 500 Festival, Inc.The 500 Festival Foundation Inc. supports the charitable activities of the 500 Festival, Inc.THE 500 FESTIVAL FOUNDATION INC. SUPPORTS THE CHARITABLE ACTIVITIES OF THE 500 FESTIVAL, INC. The 500 Festival Foundation is dedicated to generating funds in support of educational and youth programming initiatives of the 500 Festival.
Primary exempt purpose   THE 500 FESTIVAL FOUNDATION IS DEDICATED TO GENERATING FUNDS IN SUPPORT OF EDUCATIONAL AND YOUTH PROGRAMMING INITIATIVES OF THE 500 FESTIVAL. 
Program service expenses, total$346,904.00$454,268.00$255,876.00$190,805.00$75,184.00
Programs, including revenue & expenses
The 500 festival foundation inc. supports the charitable activities of the 500 festival, inc. by raising funds for its activities.
Program expenses$346,904.00$454,268.00$255,876.00 $75,184.00
Grants and allocations made$234,500.00$452,493.00$252,642.00 $72,184.00
Program revenue    $0.00
Program descriptionThe 500 festival foundation inc. supports the charitable activities of the 500 festival, inc. by raising funds for its activities.The 500 festival foundation inc. supports the charitable activities of the 500 festival, inc. by raising funds for its activities.THE 500 FESTIVAL FOUNDATION INC. SUPPORTS THE CHARITABLE ACTIVITIES OF THE 500 FESTIVAL, INC. BY RAISING FUNDS FOR ITS ACTIVITIES. THE 500 FESTIVAL FOUNDATION, INC. SUPPORTS THE CHARITABLE ACTIVITIES OF 500 FESTIVAL, INC. BY RAISING FUNDS FOR ITS ACTIVITIES.
Financial data
Revenue
Total revenue$309,029.00$468,356.00$228,036.00$171,486.00$94,051.00
Revenue from contributions (total)$307,756.00$467,645.00$235,360.00$170,897.00$93,181.00
Revenue from noncash contributions$6,420.00$4,170.00$56,320.00 $0.00
Investment income, current yr$466.00$462.00$510.00$589.00$870.00
Total revenue from grants, etc., current yr$307,756.00$467,645.00$235,360.00 $93,181.00
Total unrelated business revenue$0.00$0.00$0.00 $0.00
Other revenue, current yr$807.00$249.00-$7,834.00 $0.00
Net unrelated business taxable revenue$0.00$0.00$0.00  
Program service revenue (total)  $0.00$0.00$0.00
Gross receipts$324,647.00$480,007.00$242,768.00 $94,051.00
Sources of contributions
Revenue from fundraising events$12,420.00$9,170.00$12,804.00  
Revenue from all other contributions$295,336.00$458,475.00$222,556.00 $93,181.00
Other types of revenue
Royalties (total)    $0.00
Miscellaneous revenue (total)    $0.00
Net revenue from gaming (total)    $0.00
Income from dividends, interest, and similar investments$466.00$462.00$510.00 $870.00
Net rental income  $0.00$0.00$0.00
Net income from fundraising events$807.00$249.00-$7,834.00 $0.00
Net inventory sales (total)    $0.00
Expense categories (totals)
Total functional expenses: sum of all$346,904.00$454,268.00$255,876.00 $76,557.00
Total functional expenses: program service $346,904.00$454,268.00$255,876.00 $75,184.00
Total functional expenses: management and general$0.00$0.00$0.00 $1,373.00
Total functional expenses: fundraising$0.00$0.00$0.00 $0.00
Fees for services
Lobbying fees (total)    $0.00
Legal fees (total)    $0.00
Fundraising service fees (total)$0.00$0.00$0.00 $0.00
General management fees (total)    $0.00
Investment management fees (total)    $0.00
Assets and liabilities
Total assets$389,250.00$367,453.00$328,964.00$337,768.00$373,348.00
Total assets, beginning of year$367,453.00$328,964.00$337,768.00$373,348.00$357,280.00
Total liabilities$119,915.00$60,243.00$35,842.00$16,806.00$17,184.00
Total liabilities, beginning of year$60,243.00$35,842.00$16,806.00$17,184.00$18,610.00
Pledges & accounts receivable, net    $0.00
Loans & receivables from key persons    $0.00
Unrestricted net assets, end of yr$269,335.00$307,210.00$293,122.00 $356,164.00
Temporarily restricted net assets    $0.00
Permanently restricted net assets, end of yr    $0.00
Net assets$269,335.00$307,210.00$293,122.00$320,962.00$356,164.00
Net assets, beginning of year$307,210.00$293,122.00$320,962.00 $338,670.00
Other liabilities    $0.00
Bond liabilities    $0.00
Intangible assets    $0.00
Other assets$8,530.00$8,530.00$8,530.00 $0.00
Investments: other securities    $0.00
Investments: publicly traded securities    $0.00
Cash: non-interest bearing$355,720.00$358,923.00$320,434.00 $0.00
Cash: non-interest bearing, beginning of year$358,923.00$320,434.00$328,755.00 $0.00
Investments -- program-related    $0.00
Escrow or custodial account liability    $0.00
Loans and other payables to key persons    $0.00
Grants payable    $0.00
Inventories for sale or use    $13,300.00
Other financial variables
Revenue less expenses-$37,875.00$14,088.00-$27,840.00 $17,494.00
Advertising (total)$48,000.00   $0.00
Savings & temp cash investment    $350,690.00
Accounts receivable, net$25,000.00 $0.00 $364.00
Prepaid expenses & deferred charges  $0.00 $464.00
Accounts payable & accrued expenses$98,915.00$60,243.00$35,842.00 $17,184.00
Deferred revenue$21,000.00   $0.00
Unsecured notes & loans to unrelated parties    $0.00
Secured mortgages and notes payable    $0.00
Total net assets or fund balances$269,335.00$307,210.00$293,122.00 $356,164.00
Depreciation, depletion, amortization    $0.00
Payment to affiliates    $0.00
Governance and accountability
Number of voting members211920 16
Number of independent voting members211920 16
Financial sheets auditedTrueTrueTrue True
Audit on consolidated basisTrueTrueTrue True
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-07-012015-07-012014-07-012013-07-012012-07-01
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Indicators for schedules (selected)
Business transaction with entity ownerTrue    
Grants to domestic org/gov't >$5kTrueTrueTrue True
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990EZ990
Date e-filing submitted2018-04-022017-08-252016-08-042015-03-092014-05-22
IRS schema version2016v3.02015v3.02014v6.02013v4.02012v2.3
Filing identifier201820729349300442201701159349300105201631309349301653201510449349200436201431149349300628
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