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.
Public Charity
500 Festival Inc
500 Festival Inc is a Public Charity headquartered in Indianapolis, IN. Financial data from the 2025 filing: $6.2M revenue, $6.4M expenses, $9.8M total assets. 21 publicly reported grants to this organization, totaling roughly $1.4M, appear in IRS filings.
EIN: 351004320
Indianapolis, IN
Latest filing: 2025
Total Revenue$6.2M
Total Expenses$6.4M
Total Assets$9.8M
Grant Records21
Funding Total$1.4M
Filing Years2021–2025
Where $100 goes at 500 Festival Inc
How 500 Festival Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$86
Programs
the work itself
$7
Management
running the organization
$7
Fundraising
raising the next dollar
Inside the $86 for programs
$86
The 500 Festival
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
Support charitable activities of the 500 Festival Inc.
$173,334
CHARITABLE DONATION
$50,000
CHARITABLE DONATION
$50,000
GENERAL GRANT
$10,000
SUPPORT CHARITABLE ACTIVITIES OF THE 500 FESTIVAL INC.
$191,800
Showing up to 5 of 21 total records — full history available with membership.
Officers & Directors
Director
Bali Heir
Director
Blake Schulz
Director
Bowman Elder
Director
Brandi Davis - Handy
Director
Casse Tate
Vice Chair
Christina Moungey
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $6.2M | $6.4M | $9.8M |
| 2024 | $5.9M | $6.0M | $9.7M |
| 2023 | $5.7M | $5.4M | $7.2M |
| 2022 | $5.8M | $5.2M | $6.8M |
| 2021 | $3.8M | $3.7M | $7.3M |
Between 2021 and 2025, reported annual revenue grew from $3.8M to $6.2M (+63%), with total assets most recently reported at $9.8M.
Interactive year-over-year charts and full filing details available with membership.