Midtown Indianapolis INC FY2020 filing

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Midtown indy exists to cultivate an equitable, healthy, and sustainable community in which stakeholders of all incomes, races, and ethnicities have access to the opportunities, services, and amenities they need to thrive. Specifically, midtown's work is focused on 1) building a sense of community; 2) support for community based and minority businesses and job skills development; 3) improvement of transportation options and the vitality of key commercial corridors and nodes; 4) improvement of housing options and public spaces.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
$91K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $78K a year · 21% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$91K
to officers and key staff · 41% of spending
Concern: pay to officers and key staff is 41% of spending; over 30%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
118% of total assets
Concern: liabilities are 118% of assets; over 80%.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$171K
Spent
$221K
To programs
67%
Net assets
−$161K
By yearFY2020–FY2025
Revenue
$171K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$171K
FY2021$617K
FY2022$393K
FY2023$432K
FY2024$306K
FY2025$305K
Expenses
$221K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$221K
FY2021$259K
FY2022$406K
FY2023$360K
FY2024$191K
FY2025$318K
Net assets
−$161K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$161K
FY2021$274K
FY2022$171K
FY2023$232K
FY2024$347K
FY2025$334K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $148K Management & general 33% · $74K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $91K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$91,188Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A

Rachel Dickerson’s $87K as Executive Director is at the 63rd percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michael McKillip——$95,000$77,715$90,000$91,188
Rachel Dickerson$87,000$49,583————
Tom Healy———$59,925——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Midtown Indianapolis INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves quality of life and economic vitality in Indianapolis' Midtown neighborhoods.

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3 programs · $144K · in their own filed words · FY2020
01

Building on work from previous years, midtown continued efforts in 2020 related to stakeholder engagement and predevelopment at several key sites, principally the area around 38TH and illinois street as part of the local initiative support corporation's great places 2020 program to revitalize specific neighborhoods in the city.

$85Kprogram expense
02

Tarkington Park

Efforts included assisting in the negotiation of a lease for the caf at tarkington park to tea's me a community-based tea and caf business owned and operated by tamika catchings. Further efforts included monitoring the park to ensure users were being safe.

$53Kprogram expense
03

In an effort to maintain institutional engagement in the midtown initiative, midtown continued its collaboration with key institutional stakeholders as part of the midtown anchor coalition.

$6Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$100
Grants paid · 11 grants · $112K · 2020–2025
Common Grounds InstituteIN · FY2025$46,766
Harvest 2 Home Indy LLCFY2025$6,000
Ammons Hawkins Nowlen Properties LLCFY2023$10,000
Presidential Properties LLCFY2022$7,500
Storybrook Properties LLCFY2021$15,000
Norton Estate Planning Elder Law Firm LLCFY2021$6,000
Park West Partners LLCFY2020$2,000
Kurly Koils LLCFY2020$2,000
Kheprw InstituteIN · FY2020$2,000
Haven Wellness CenterFY2020$1,800

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$171K
Ln 12
Gifts and grantsLn 1h$146K
Investment incomeLn 3$45K
Money outPt IX
$221K
Ln 25
Programscol B$148K
Managementcol C$74K
Owns and owesPt X
−$161K
net assets · Ln 32
Cash and savingsLn 1–2$83K
Total assetsLn 16$905K
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$146K
Government grantsLn 1e$64K
Fundraising eventsLn 1c$3K
Investment incomeLn 3$45K
Gains on assetsLn 7$7K
Total revenueLn 12$171K
Assets in detailPt X, end of year
CashLn 1$83K
Cash and savings togetherLn 1–2$83K
Land, buildings, equipmentLn 10c$315K
Total assetsLn 16$905K
LiabilitiesLn 26$1.1M
Net assetsLn 32−$161K
OperationsPt I, VI
EmployeesI 51
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$160K$83K
Land, buildings, equipmentLn 10c$305K$315K
Total assetsLn 16$1.0M$905K
LiabilitiesLn 26$1.2M$1.1M
Net assetsLn 32−$111K−$161K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8K$8K
Pay of current officers, directors and key staffLn 5$91K$66K$21K$4K
Other salaries and wagesLn 7$36K$24K$10K$2K
Accounting feesLn 11c$41K$17K$19K$6K
Advertising and promotionLn 12$3K$867$2K
Office expensesLn 13$8K$328$8K
OccupancyLn 16$9K$1K$8K
InterestLn 20$34K$34K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$5K$1K$4K
Other expenses (24a–d)Ln 24−$14K−$4K$2K−$12K
Total functional expensesLn 25$221K$148K$74K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 14, 2026 $305K$318K−$14K$334K 990 PDF
FY2024Filed with the IRS May 14, 2025 $306K$191K$115K$347K 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $432K$360K$72K$232K 990 PDF
FY2022 $393K$406K−$13K$171K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $617K$259K$358K$274K 990 PDF
FY2020 ViewingFiled with the IRS Nov 15, 2021 $171K$221K−$50K−$161K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $171,163 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $338,477$146,204
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$45,352
I-11 Other revenuePrior year −$302,689−$20,393
I-12 Total revenuePrior year $35,788$171,163
I-13 Grants and similar amounts paidPrior year $16,419$7,800
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $135,964$126,929
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year −$70,166$86,649
I-18 Total expensesPrior year $82,217$221,378
I-19 Revenue less expensesPrior year −$46,429−$50,215
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $171,163 across 10 lines filed
VIII-1c Fundraising events$3,000
VIII-1e Government grants$64,283
VIII-1f All other contributions, gifts and grants$78,921
VIII-1h Total contributions, gifts and grants$146,204
VIII-3 Investment incomeUnrelated business $38,392$38,392
VIII-6 Net rental income or lossUnrelated business −$39,762−$39,762
VIII-7 Net gain or loss on sales of assetsUnrelated business $6,960$6,960
VIII-8 Net income from fundraising eventsExcluded from tax −$11,540−$11,540
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $30,909$30,909
VIII-12 Total revenueRelated to mission $0 · Unrelated business $5,590 · Excluded from tax $19,369$171,163
Part IX · Statement of functional expenses $221,378 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $7,800$7,800
IX-5 Pay of current officers, directors and key staffPrograms $66,383 · Management $20,962 · Fundraising $3,843$91,188
IX-7 Other salaries and wagesPrograms $24,035 · Management $9,892 · Fundraising $1,814$35,741
IX-11c Accounting feesPrograms $16,586 · Management $18,734 · Fundraising $5,881$41,201
IX-12 Advertising and promotionPrograms $867 · Management $2,460$3,327
IX-13 Office expensesPrograms $328 · Management $7,711$8,039
IX-16 OccupancyPrograms $1,001 · Management $7,944$8,945
IX-20 InterestPrograms $33,515$33,515
IX-22 Depreciation, depletion and amortizationManagement $1,064$1,064
IX-23 InsurancePrograms $1,373 · Management $3,527$4,900
IX-24 Other expenses (24a–d)Programs −$4,344 · Management $1,540 · Fundraising −$11,538−$14,342
IX-25 Total functional expensesPrograms $147,544 · Management $73,834 · Fundraising $0$221,378
Part X · Balance sheet $904,600 assets, 12 lines filed
Asset lines not itemized here account for $497,440; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $159,516$83,134
X-4 Accounts receivableStart of year $11,964$0
X-9 Prepaid expenses and deferred chargesStart of year $8,372$8,890
X-10c Land, buildings and equipment, netStart of year $304,504$315,136
X-16 Total assetsStart of year $1,043,260$904,600
X-17 Accounts payable and accrued expensesStart of year $83,459$38,944
X-25 Other liabilitiesStart of year $168,612$150,069
X-26 Total liabilitiesStart of year $1,154,134$1,065,689
X-27 Net assets without donor restrictionsStart of year −$128,763−$161,089
X-28 Net assets with donor restrictionsStart of year $17,889$0
X-32 Total net assets or fund balancesStart of year −$110,874−$161,089
X-33 Total liabilities and net assetsStart of year $1,043,260$904,600
Part XI · Reconciliation of net assets −$161,089 net assets at year end
XI-1 Total revenue$171,163
XI-2 Total expenses$221,378
XI-3 Revenue less expenses−$50,215
XI-4 Net assets at start of year−$110,874
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$161,089

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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