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Nonprofiteer
← WFYI FOUNDATION INC

Form 990 for tax year 2023

Filed by WFYI FOUNDATION INC.

Totals

Total revenue
$912,527
Total expenses
$543,118
Contributions and grants received
$549,619
Grants paid
$489,000
Program service revenue
$0
Investment income
$362,908
Other revenue
$0
Total assets, end of year
$6,839,591
Total liabilities, end of year
$58,145
Net assets or fund balances, end of year
$6,781,446
Program services expenses (Part IX)
$489,000
Management and general expenses
$54,118
Fundraising expenses
$0
Program service expenses (Part III)
$489,000

Program services were 90.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $549,619

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $219,511 · excluded $219,511

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,631,696

  • 7b · Less cost or other basis and sales expenses

    securities $1,488,299

  • 7c · Gain or loss

    securities $143,397 · other assets $0

  • 7d · Net gain or loss

    total $143,397 · excluded $143,397

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $489,000 · program services $489,000

  • 11c · Fees: accounting

    total $13,640 · management and general $13,640

  • 11f · Fees: investment management

    total $40,478 · management and general $40,478

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $535,065 · end of year $400,854

  • 3 · Pledges and grants receivable

    beginning of year $36,250 · end of year $6,250

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $4,602,355 · end of year $6,033,855

  • 12 · Investments: other securities

    beginning of year $365,501 · end of year $398,632

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,502 · end of year $58,145

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,154,049 · end of year $5,280,699

  • 28 · Net assets with donor restrictions

    beginning of year $1,340,620 · end of year $1,500,747

Mission and programs · 2023

Mission

WFYI Foundation enables supporters of public media to invest in ensuring ongoing access to excellent information about issues that matter to central Indiana.

  • WFYI FOUNDATION DISTRIBUTES ANNUAL FUNDING SUPPORT TO ITS PARENT ORGANIZATION (METROPOLITAN INDIANAPOLIS PUBLIC MEDIA, INC.) TO SUPPORT ITS MISSION OF TRUSTED JOURNALISM, INSPIRING STORIES, AND LIFELONG LEARNING.

    Expenses $489,000 · Grants $489,000

As filed on the 2023 return.

Listed in Part VII

  • Brian Welch

    Secretary (Through DEC 2023)

    Total calculated
    $0
    Hours/week
    1

  • Greg Petrowich

    President and CEO

    Total calculated
    $274,012
    From this org
    $0
    From related orgs
    $213,071
    Other
    $60,941
    Hours/week
    4 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,941 related
    Bonus
    $0 + $32,130 related
    Other
    $0
    Deferred
    $0 + $5,370 related
    Nontaxable benefits
    $0 + $55,571 related
    Filer's total
    $0 + $274,012 related

  • Robert Elzer

    Chair (Through DEC 2023)

    Total calculated
    $0
    Hours/week
    1

  • Susanne McAlister

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Barbara Branic

    Director (Through DEC 2023)

    Total calculated
    $0
    Hours/week
    1

  • Dan Appel

    Director (Through DEC 2023)

    Total calculated
    $0
    Hours/week
    1

  • Eric Gillispie

    Director (Through DEC 2023)

    Total calculated
    $0
    Hours/week
    1

  • George Plews

    Director

    Total calculated
    $0
    Hours/week
    1

  • Howard Schrott

    Director (Beginning JAN 2024)

    Total calculated
    $0
    Hours/week
    1

  • John Guy

    Director (Through DEC 2023)

    Total calculated
    $0
    Hours/week
    1

  • Karin Veatch

    Director (Beginning JAN 2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Marnie Maxwell

    Director (Through DEC 2023)

    Total calculated
    $0
    Hours/week
    1

  • Mary Greist

    Director (Through DEC 2023)

    Total calculated
    $0
    Hours/week
    1

  • Michael Heaton

    Director (Through DEC 2023)

    Total calculated
    $0
    Hours/week
    1

  • Rakesh Gangwani

    Director (Beginning JAN 2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Terry Magid

    Director (Beginning JAN 2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Connie Campbell

    CFO

    Total calculated
    $161,942
    From this org
    $0
    From related orgs
    $136,750
    Other
    $25,192
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $123,633 related
    Bonus
    $0 + $13,117 related
    Other
    $0
    Deferred
    $0 + $3,627 related
    Nontaxable benefits
    $0 + $21,565 related
    Filer's total
    $0 + $161,942 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
The compensation of the president is paid by Metropolitan Indianapolis Public Media, Inc. (MIPM), a related organization. The compensation committee of MIPM uses corporation for public broadcasting salary survey data to determine the compensation of the president.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202502269349302070

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