INTERNATIONAL VIOLIN COMPETITION OF INDIANAPOLIS INC Charity Report

Public IRS 990 nonprofit record

INTERNATIONAL VIOLIN COMPETITION OF INDIANAPOLIS INC

EIN 23-7139746 · Arts, Culture & Humanities (A60I)

What they do

THE INTERNATIONAL VIOLIN COMPETITION of INDIANAPOLIS (IVCI) RECOGNIZES, REWARDS and PROMOTES THE WORLDS FINEST YOUNG CLASSICAL VIOLINISTS and ENCOURAGES UNDERSTANDING, APPRECIATION and SUPPORT of THE VIOLIN REPERTOIRE BY A LARGE and DIVERSE AUDIENCE. THE IVCI UTILIZES ITS WORLD PROMINENCE to BRING INTERNATIONAL ATTENTION to INDIANAPOLIS, and MAINTAINS ITS EFFORTS to BE A VISIBLE and COLLABORATIVE MEMBER of THE ARTS COMMUNITIES IN INDIANAPOLIS and INDIANA.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $36.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

50.19%of revenue went to mission work36.0% of expenses · Program services

59.89%of revenue went to fundraising42.9% of expenses

$139.60spent for every $100 of revenueSpending was higher than revenue this year.

29.51%of revenue went to management and office costs21.1% of expenses

$1.35in assets for every $1 spent this yearSome assets cannot be spent right away.

94.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $260,833 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $201,267 for GLEN KWOK (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$658,721

Mission workProgram services$330,62750.19% of revenue36.0% of expenses

ManagementOffice and general costs$194,40229.51% of revenue21.1% of expenses

FundraisingAsking for donations$394,52559.89% of revenue42.9% of expenses

Total expenses$919,554139.60% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 36.0% mission · 21.1% management · 42.9% fundraisingTotal expenses: 139.60% of revenue

2023Expense mix: 32.1% mission · 24.0% management · 43.9% fundraisingTotal expenses: 93.93% of revenue

2022Expense mix: 61.3% mission · 9.8% management · 28.9% fundraisingTotal expenses: 99.06% of revenue

2021Expense mix: 36.0% mission · 18.8% management · 45.2% fundraisingTotal expenses: 144.13% of revenue

2020Expense mix: 32.9% mission · 24.2% management · 42.8% fundraisingTotal expenses: 93.72% of revenue

2019Expense mix: 29.8% mission · 24.6% management · 45.7% fundraisingTotal expenses: 102.04% of revenue

2018Expense mix: 63.5% mission · 10.0% management · 26.5% fundraisingTotal expenses: 81.65% of revenue

2017Expense mix: 29.6% mission · 18.7% management · 51.7% fundraisingTotal expenses: 153.01% of revenue

Money in and money out

Revenue$658,721

Expenses$919,554

Annual shortfall $260,833 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$330,627 · 36.0% of expenses

Management and office costs$194,402 · 21.1% of expenses

Fundraising$394,525 · 42.9% of expenses

See all reported dollar amounts

Revenue$658,721

Expenses$919,554

Assets$1,240,101

Income$733,779

Contributions$624,245

Mission work (program services)$330,627

Fundraising$394,525

Management and general$194,402

Stocks and bonds$599,708

Accounting fees$14,493

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

GLEN KWOKEXECUTIVE DIRECTOR · 60 hrs/week $201,267Base $171,880 · Other $29,387

MARY JANE SORBERADIRECTOR OF DEVELOPMENT · 40 hrs/week $140,714Base $126,444 · Other $14,270

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

GLEN KWOKEXECUTIVE DIRECTOR

MARY JANE SORBERADIRECTOR OF DEVELOPMENT

KURT TORNQUISTTREASURER

TOBY GILLBOARD MEMBER

TIBOR KLOPFERBOARD MEMBER

SUSAN BROCK WILLIAMSBOARD MEMBER

STEVE HAMILTONPRESIDENT

STANTON JACOBSBOARD MEMBER

SONIA ARNOLDBOARD MEMBER

ROXANNE MCGETTIGANBOARD MEMBER

PEGGY MYERSBOARD MEMBER

MICHAEL MACLEANVICE PRESIDENT

MARIO ARANGOBOARD MEMBER

CHRISTINA ABOSSEDGHBOARD MEMBER

KEVIN LINBOARD MEMBER

KAREN MANGIABOARD MEMBER

JULIA GARDBOARD MEMBER

JOHN GUYBOARD MEMBER

EMILY GIESELBOARD MEMBER

DREW DUNHAMBOARD MEMBER

DEBORAH LOUGHREYBOARD MEMBER

DAWN BENNETTSECRETARY

DANIEL KIMBOARD MEMBER

About this charity

Recognized since: January 1972
Location: 32 E WASHINGTON ST STE 1320, INDIANAPOLIS, IN 46204-3562
County: Marion
In care of: GLEN KWOK
Primary officer: GLEN KWOK, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailivci@violin.org Phone(317) 637-4574

Filing and classification

Latest tax year: 2024
Tax period began: August 1, 2024
Return type: 990
Tax preparer: BLUE & CO LLC
NTEE classification: Arts, Culture & Humanities (A60I)