In 1986, TYQ received its first federal grant for construction to install underdrains for Runway 18-36 and acquire 40 acres (16 ha) of land for approach protection.

Under this grant, 33 acres (13 ha) of land were acquired, an aircraft apron was constructed, and a partial parallel taxiway was added.

In the early 1990s, TYQ received three more grants for extending the runway to its current length of 5,500 feet (1,700 m) and acquiring an additional 322 acres (130 ha) of land.

The airport did not receive further grants until 2001 when it mitigated wetland impacts and graded the runway safety area.

Indianapolis Executive Airport covers 567 acres (229 ha); it has one runway, 18/36, which is 7,000 by 100 feet (2,134 by 30 m) concrete.

For the 12-month period ending December 31, 2019, the airport had 41,810 aircraft operations, an average of 115 per day: 95% general aviation and 5% air taxi.

The meetings are categorized topically: Leadership, Aerospace Education, Emergency Services, and Physical Training.