Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 4,542,759 | 6,531,178 | 5,701,682 | 17,355,455 | 15,546,658 | 49,677,732 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 4,542,759 | 6,531,178 | 5,701,682 | 17,355,455 | 15,546,658 | 49,677,732 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | 10,816,166 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 38,861,566 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 4,542,759 | 6,531,178 | 5,701,682 | 17,355,455 | 15,546,658 | 49,677,732 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 196,343 | 330,688 | 277,726 | 422,854 | 985,889 | 2,213,500 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 18,655 | 18,655 | ||||
| 11 | Total support. Add lines 7 through 10 | 51,943,602 | |||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2024 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
||||
| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
6
Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
7 Excess distributions carryover to 2025. Add lines 3j and 4c. |
||||
| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | OTHER INCOME - 2021 AMOUNT: $ 10,000. NET FUNDRAISING - 2021 AMOUNT: $ 8,655. |
| Software ID: | |
| Software Version: |
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 1 | INDIANA SPORTS CORP SEEKS TO CREATE POSITIVE IMPACT BY HOSTING WORLD-CLASS SPORTING EVENTS WHICH DRIVE ECONOMIC VITALITY, FACILITATE A VIBRANT COMMUNITY WITH CIVIC PRIDE, GARNER NATIONAL AND INTERNATIONAL MEDIA ATTENTION, AND CREATE OPPORTUNITIES FOR OUR YOUTH. INDIANA SPORTS CORP WAS FOUNDED IN 1979 AS THE NATION'S FIRST SPORTS COMMISSION. INDIANA SPORTS CORP CONTINUES TO SUPPORT SIMILAR SPORTS ORGANIZATIONS IN CENTRAL INDIANA, SUCH AS THE NCAA, USA GYMNASTICS, USA TRACK & FIELD, USA FOOTBALL, THE HORIZON LEAGUE, AND SEVERAL OTHERS. INDIANA SPORTS CORP CONTINUES TO BUILD ON ITS HISTORIC ROOTS BY GROWING ITS VOLUNTEER, MEMBER, AND CIVIC SUPPORT WHILE MAINTAINING OUR STATUS AS A PREMIER HOST IN THE SPORTS INDUSTRY. TO SUPPORT ITS ROLE OF COORDINATING AND MARKETING MAJOR SPORTING EVENTS, INDIANA SPORTS CORP PERFORMS SEVERAL EVENT-RELATED FUNCTIONS, INCLUDING BID PREPARATION AND PRESENTATIONS; EVENT MANAGEMENT; TICKET MARKETING; PROMOTIONS; PUBLIC/MEDIA RELATIONS; CORPORATE DEVELOPMENT (SPONSORSHIP); AND FINANCIAL SERVICES. SINCE 1979, INDIANAPOLIS HAS HOSTED MORE THAN 500 NATIONAL AND INTERNATIONAL SPORTING EVENTS THAT HAVE CREATED OVER $5 BILLION OF ECONOMIC IMPACT TO THE COMMUNITY INCLUDING: *NCAA CHAMPIONSHIPS, INCLUDING EIGHT NCAA DIVISION I MEN'S BASKETBALL FINAL FOURS AND THREE WOMEN'S FINAL FOURS *U.S. OLYMPIC TRIALS AND OTHER NATIONAL GOVERNING BODY (NGB) NATIONAL CHAMPIONSHIPS IN CANOE/KAYAK, DIVING, GYMNASTICS, JUDO, ROWING, SWIMMING, SYNCHRONIZED SWIMMING, TABLE TENNIS, TRACK & FIELD, WRESTLING, AND VOLLEYBALL *MULTI-SPORT EVENTS INCLUDING THE 1982 U.S. OLYMPIC FESTIVAL, 1987 PAN AMERICAN GAMES AND THE 2001 WORLD POLICE & FIRE GAMES * WORLD CHAMPIONSHIPS IN TRACK & FIELD (1987), GYMNASTICS (1991), ROWING (1994), BASKETBALL (2002), AND SWIMMING (2004) *FOURTEEN BIG TEN FOOTBALL CHAMPIONSHIP GAMES, INCLUDING THE INAUGURAL EVENT IN 2011 *NUMEROUS BIG TEN MEN'S AND WOMEN'S BASKETBALL TOURNAMENTS *THE 2005 SOLHEIM CUP, THE MOST IMPORTANT TEAM EVENT IN WOMEN'S GOLF INDIANA SPORTS CORP'S CALENDAR IS FILLED WITH OWNED EVENTS DEVOTED TO SUPPORTING THE INDIANA SPORTS CORP MISSION AND YOUTH INITIATIVES. THESE EVENTS INCLUDE THE INDIANA SPORTS CORP CHARITY GOLF TOURNAMENT, CORPORATE CHALLENGE, STATE OF SPORTS, AND INDY CLASSIC AN ANNUAL BASKETBALL DOUBLEHEADER AT GAINBRIDGE FIELDHOUSE. PROCEEDS FROM INDIANA SPORTS CORP OWNED EVENTS OFTEN BENEFIT LOCAL YOUTH-SERVING ORGANIZATIONS THROUGH THE INSPIRING SPORTS GRANT PROGRAM WHICH HAVE PROVIDED NEARLY $2.6 MILLION TO MORE THAN 275 YOUTH ORGANIZATIONS TO SUPPORT THEIR SPORTS PROGRAMMING AND INITIATIVES. PROGRAM ACCOMPLISHMENTS: INDIANA SPORTS CORP'S 2024 ROSTER OF EVENTS BROUGHT TREMENDOUS OPPORTUNITIES TO THE CITY OF INDIANAPOLIS AND GARNERED BOTH NATIONAL AND INTERNATIONAL MEDIA ATTENTION. FULL EVENT LISTING FOLLOWS. U.S. OLYMPIC TEAM TRIALS SWIMMING HORIZON LEAGUE MEN'S AND WOMEN'S BASKETBALL CHAMPIONSHIPS NCAA DIVISION I MEN'S BASKETBALL CHAMPIONSHIP FIRST AND SECOND ROUNDS NCAA DIVISION I MEN'S SWIMMING AND DIVING CHAMPIONSHIP WOMEN'S BASKETBALL INVITATION TOURNAMENT AND NATIONAL INVITATION TOURNAMENT INDIANA SPORTS CORP CHARITY GOLF TOURNAMENT U.S. MASTERS SWIMMING SPRING NATIONAL CHAMPIONSHIP INDIANA SPORTS CORP CORPORATE CHALLENGE STATE OF SPORTS BIG TEN FOOTBALL CHAMPIONSHIP GAME INDY CLASSIC IN ADDITION, THE FOLLOWING EVENTS WERE SECURED BY INDIANA SPORTS CORP IN 2024 THAT WILL CONTINUE TO PROVIDE ECONOMIC IMPACT TO CENTRAL INDIANA AND BEYOND: 2025 WWE ROYAL RUMBLE AND FUTURE WRESTLEMANIA AND SUMMERSLAM WNBA ALL-STAR 2025 2025 USA TRACK & FIELD 5K CHAMPIONSHIPS 2026 NCAA DIVISION II AND DIVISION III MEN'S BASKETBALL NATIONAL CHAMPIONSHIP GAMES 2025 AND 2026 NATIONAL INVITATION TOURNAMENT 2025-2028 BIG TEN FOOTBALL CHAMPIONSHIP GAMES 2025 BIG TEN WOMEN'S AND MEN'S BASKETBALL TOURNAMENTS 2026 BIG TEN WOMEN'S BASKETBALL TOURNAMENT 2027 BIG TEN MEN'S BASKETBALL TOURNAMENT 2027 AND 2028 NCAA DIVISION II MEN'S AND WOMEN'S SWIMMING AND DIVING CHAMPIONSHIPS 2028 NCAA DIVISION II AND DIVISION III WOMEN'S BASKETBALL NATIONAL CHAMPIONSHIP GAMES |
| FORM 990, PART VI, SECTION A, LINE 2 | RYAN KITCHELL AND KARIN SARRATT HAVE A BUSINESS RELATIONSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | AN INDEPENDENT ACCOUNTING FIRM PREPARES THE 990, WHICH IS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE IN DETAIL. A COPY OF THE 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUAL STATEMENTS ARE OBTAINED, REVIEWED AND SUMMARIZED BY THE PRESIDENT. THE GOVERNANCE COMMITTEE REVIEWS AND APPROVES THE SUMMARY. CONFLICTED PARTIES ARE REMOVED FROM RELATED DECISION-MAKING. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMPENSATION COMMITTEE COMPOSED OF FOUR BOARD MEMBERS DETERMINES THE PRESIDENT'S AND OTHER KEY OFFICERS AND EMPLOYEES COMPENSATION USING COMPARABILITY DATA. THE EXECUTIVE COMPENSATION COMMITTEE DOCUMENTS THEIR DECISION IN COMMITTEE MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT GENERALLY MADE AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XI, LINE 9: | INTEREST INCOME FROM K-1'S -10,493. LONG-TERM CAPITAL LOSS FROM K-1'S 5,992. |
| FORM 990, PART XII, LINE 2C | THE AUDIT REVIEW PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| Software ID: | |
| Software Version: |