Indy Gateway Inc

Nonprofit profile at a glance

EIN
473583307
IRS 990 coverage
2015–2025
Forms available
Form 990 2025, Form 990-EZ 2016
Location
Indianapolis, IN, USA
Phone
3172234614
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$293,470
Expenses
$319,337
Assets
$903,663
Liabilities
$750

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • JEFFREY K BUTTS (PRESIDENT)
  • LISA BENTLEY (EXECUTIVE DIRECTOR)

Highest reported compensation

  • LISA BENTLEY (EXECUTIVE DIRECTOR): $75,799 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Indy gateway was created for and its primary objective is to improve economic development and community development. The purposes include promoting economic growth, increasing opportunities for the revitalization of neighborhoods, and making the west side of indianapolis a place where families want to live, work and play.

What it reported doing in 2025

Indy gateway board of directors has acquired funding through the gateway gallop 5k in prevous years as well as a grant from the central Indiana community foundation to proceed in 2025 with the construction of the pathway and completion of the chapel rock trailhead. The project will include: trail node and paved path connection on bota property (path not covered under next level trail grant) trailhead plaza and path connection on church property trailhead identity sign directional sign at church entry areasfunding for construction has been raised in 2023 and 2024. Final bids were received in late 2024 with construction planned for the trail in 2025. Delays have postponed final contruction until spring 2026.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 87
  • Accountability: 74
  • Sustainability: 37
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.5%; rating input score 90
  • Program expense ratio: 82.3%; rating input score 82
  • Fundraising efficiency: $11.56 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 27th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -8.8%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 2.83; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 51; 51st percentile among comparable filings
  • Officer compensation ratio: 23.7%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: 16.6% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: 12.4% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 17.1% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 90.5% of revenue deployed · 82.3% of spending went to programs
  • Governance: 18 of 18 board members independent · 3 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $263K in reported program spending
  • Leadership: top reported pay $76K · 19 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 9 filing years from 2015 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 41/100.
  • High — Sustainability: Operating margin scored 20/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.
  • Review — Sustainability: Liabilities to assets ratio scored 51/100.