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EIN 35-1004320

500 Festival

IRS 501(c) type
501(c)(4)
Num. employees
20
City
Indianapolis
State
Indiana
Year formed
1956
Most recent tax filings
2023-06-01
NTEE code, primary
N52: Fair, County and Other
Description
The mission of the 500 Festival is to produce life-enriching events and programs that celebrate the spirit and legacy of the Indianapolis 500 and foster a positive impact on the city of Indianapolis and state of Indiana. To create and produce life-enriching events and programs that benefit Indiana citizens while celebrating and supporting the economic impact, spirit and legacy of the indianapolis 500.
Total revenues
$5,677,601
2023
Total expenses
$5,427,853
2023
Total assets
$7,179,179
2023
Num. employees
20
2023

Program areas at 500 Festival

The 500 festival:promote civic and community pride in indianapolis by sponsoring and presenting events in connection with the annual indianapolis 500 race. Included in the events are the 500 Festival parade, which is conducted annually before approximately 300,000 spectators, a black tie ball, and the 500 Festival mini marathon, a 13.1 mile footrace over the streets of indianapolis which has approximately 35,000 participants.

Who funds 500 Festival

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
500 Festival FoundationSupport Charitable Activities of the 500 Festival Inc.$132,000
Delta Dental Plan of IndianaCharitable Donation$50,000
Delta DENTAL FOUNDATIONGeneral Grant$10,000
...and 1 more grant received

Financials for 500 Festival

RevenuesFYE 06/2023
Total grants, contributions, etc.$442,783
Program services$4,350,967
Investment income and dividends$94,873
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$74,517
Net gain from sale of non-inventory assets$306,107
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$408,354
Total revenues$5,677,601
Data update history
January 14, 2025
Received grants
Identified 3 new grant, including a grant for $50,000 from Delta Dental Plan of Indiana
October 15, 2024
Updated personnel
Identified 2 new personnel
August 25, 2024
Received grants
Identified 1 new grant, including a grant for $5,000 from National Collegiate Athletic Association
August 19, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 9, 2024
Updated personnel
Identified 1 new personnel
Nonprofit Types
FairsHeadquarter / parent organizations
Issues
Human services
Characteristics
State / local levelCommunity engagement / volunteeringProvides scholarships
General information
Address
1125 Brookside Ave B03
Indianapolis, IN 46202
Metro area
Indianapolis-Carmel-Anderson, IN
County
Marion County, IN
Website URL
500festival.com/ 
Phone
(317) 927-3378
IRS details
EIN
35-1004320
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1956
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
N52: Fair, County and Other
NAICS code, primary
7113: Promoters of Performing Arts, Sports, and Similar Events
Parent/child status
Central organization
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