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Filing year 2023

500 FESTIVAL INC

Indianapolis, Indiana·EIN 35-1004320·4
Total revenue
$5.9M
Total assets
$9.7M
Total expenses
$6M
Reported officers
34
Mission

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.

Executive compensation, broken down

Form 990 · Schedule J · 2 reported individuals · Filing year 2023

$471k
$520k
Base
$338k
Bonus
$55k
Other
$29k
Benefits
$29k
SVP Administration
senior vice president
$199k
$220k
Base
$151k
Bonus
$9k
Other
$10k
Benefits
$18k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 32 unpaid individuals.

Up 2%
from 2022

From $460k in 2022 to $471k in 2023.

$460k
2022
$471k
2023
In today's dollarsEst.
Down 1% in real terms$528k to $520k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

500 FESTIVAL INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$5.7M
$5.4M
2022
$5.9M
$6M
2023
Total revenue and total expenses from IRS Form 990 filings.
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