Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Form 990, Part III, Line 2 New program services | The two following programs are no longer being conducted under Indianapolis Downtown, Inc. (IDI), a related organization. Instead, these are now program service accomplishments of Indianapolis Downtown Marketing, Inc. (IDMI). IDMI assists the City of Indianapolis and others with planning and community development efforts. Efforts include reducing blight in and surrounding downtown. IDMI exists to continually improve downtown. Program support includes expenses necessary to facilitate IDMI's services and programs that improve downtown. These expenses include information and financial management, occupancy, computers, insurance, training and other general office needs. Program support expenses could justifiably be considered part of management services and planning & development costs and allocated accordingly. Program support expenses also facilitate services and programs of IDI, a related organization. These costs are offset by a corresponding payment from IDI. |
| Form 990, Part VI, Line 15a Process to Establish Compensation of Top Management Official | The Executive Committee of the Board of Directors is authorized to serve as the Compensation Committee by the Board of Directors. The Executive Committee annually evaluates the President's performance based on established performance objectives. The committee reviews local and national comparable data for private, public and not-for-profit positions of similar skills and tenure including comprehensive data compiled and provided regularly by an independent third party. The Executive Committee approves compensation adjustments for the President and reviews with the Board of Directors. The deliberations and decisions are documented in the committee minutes. Individuals who have an actual or potential conflict of interest with respect to the compensation adjustments agreement do not participate in the deliberations. The Executive Committee and Board document the basis for its determination and procedure. This process was last undertaken in 2013. |
| Form 990, Part VI, Line 15b Process to Establish Compensation of Other Employees | The Executive Committee and Board of Directors also annually review and approve compensation adjustments for all IDMI employees and officers following a similarly deliberative process as described above. The President prepares individual employee compensation adjustment recommendations based on the organization's documented evaluation system and comparable data provided regularly by an independent third party. Recommendations are within a total compensation amount defined by the IDMI Finance Committee. The Executive Committee reviews and approves the compensation adjustment and reviews with Board of Directors. The deliberations and decisions are documented in the committee minutes. This process was last undertaken in 2013. |
| Form 990, Part VI, Line 1a Delegate broad authority to a committee | As stated in Section 4.11 (Executive Committee) of the Bylaws, "The Executive Committee shall have and exercise, during intervals between the meetings of the Board of Directors, all powers vested in the Board of Directors." |
| Form 990, Part VI, Line 6 Classes of members or stockholders | Indianapolis Downtown, Inc. (IDI) is the sole corporate member of Indianapolis Downtown Marketing, Inc. (IDMI). IDI elects the IDMI Board of Directors. |
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body | See narrative for Part VI, Section A, Line 6. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | Indianapolis Downtown Marketing, Inc. (IDMI) Board of Directors authorized the Chairman of the Board to review and approve the Form 990 on their behalf. The Form 990 is further reviewed and approved by the Finance & Audit Committee and Board of Directors of Indianapolis Downtown, Inc., the sole corporate member. The Board of Directors of IDMI will receive a copy of the approved Form 990 via email link before it is filed. |
| Form 990, Part VI, Line 12c Conflict of interest policy | All Board Members and officers individually complete conflict of interest statements annually. The President and Board Chair review and analyze all statements for potential conflicts. Conflicts are appropriately noted as business is conducted with these individuals. Internal controls require a hierarchy of approvals for expenses before incurred. This affords a cross check for the appropriateness of the transaction. If any conflict is identified in Board or Committee action, the Board or committee member refrains from voting. |
| Form 990, Part VI, Line 19 Required documents available to the public | The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. |
| Software ID: | 14000329 |
| Software Version: | 2014v1.0 |