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Nonprofiteer
← INDIANAPOLIS FOUNDATION INC

Form 990 for tax year 2022

Filed by INDIANAPOLIS FOUNDATION INC.

Totals

Total revenue
$46,491,674
Total expenses
$44,058,959
Contributions and grants received
$32,983,442
Grants paid
$38,917,105
Program service revenue
$1,042,215
Investment income
$12,746,080
Other revenue
-$280,063
Total assets, end of year
$358,046,080
Total liabilities, end of year
$297,306,978
Net assets or fund balances, end of year
$60,739,102
Program services expenses (Part IX)
$41,559,547
Management and general expenses
$1,816,213
Fundraising expenses
$683,199
Program service expenses (Part III)
$41,559,547

Program services were 94.3% 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.

  • 1c · Fundraising events

    $199,299

  • 1e · Government grants (contributions)

    $9,537,361

  • 1f · All other contributions, gifts and grants

    $23,246,782

  • 1g · Noncash contributions included above

    $2,586,115

  • 2a · Program service revenue: OPERATING SUPPORT INCOME

    total $1,042,215 · related or exempt $1,042,215

  • 3 · Investment income

    total $3,371,850 · excluded $3,371,850

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $61,847,460

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

    securities $52,473,230

  • 7c · Gain or loss

    securities $9,374,230

  • 7d · Net gain or loss

    total $9,374,230 · excluded $9,374,230

  • 8a · Fundraising events: gross income

    $469,301

  • 8a · Fundraising events: contributions included on line 1c

    $199,299

  • 8b · Fundraising events: direct expenses

    $749,364

  • 8c · Net income from fundraising events

    total -$280,063 · excluded -$280,063

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $38,699,450 · program services $38,699,450

  • 2 · Grants to domestic individuals

    total $217,655 · program services $217,655

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $680,564 · program services $340,282 · management and general $238,197 · fundraising $102,085

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,613,416 · program services $806,708 · management and general $564,696 · fundraising $242,012

  • 8 · Pension plan contributions

    total -$222,316 · program services -$111,158 · management and general -$77,811 · fundraising -$33,347

  • 9 · Other employee benefits

    total $371,948 · program services $185,974 · management and general $130,182 · fundraising $55,792

  • 10 · Payroll taxes

    total $164,232 · program services $82,116 · management and general $57,481 · fundraising $24,635

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $14,396 · program services $7,198 · management and general $5,039 · fundraising $2,159

  • 11c · Fees: accounting

    total $43,164 · program services $21,582 · management and general $15,107 · fundraising $6,475

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $456,135 · program services $288,017 · management and general $168,118

  • 11g · Fees: other

    total $141,401 · program services $70,700 · management and general $49,491 · fundraising $21,210

  • 12 · Advertising and promotion

    total $154,217 · program services $77,108 · management and general $53,976 · fundraising $23,133

  • 13 · Office expenses

    total $77,174 · program services $38,587 · management and general $27,011 · fundraising $11,576

  • 14 · Information technology

    total $201,213 · program services $112,170 · management and general $78,520 · fundraising $10,523

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $64,791 · program services $32,395 · management and general $22,677 · fundraising $9,719

  • 17 · Travel

    total $97,186 · program services $48,593 · management and general $34,015 · fundraising $14,578

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $96,061 · program services $48,031 · management and general $33,621 · fundraising $14,409

  • 20 · Interest

    total $341,781 · program services $170,891 · management and general $119,623 · fundraising $51,267

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $116,592 · program services $58,296 · management and general $40,807 · fundraising $17,489

  • 23 · Insurance

    total $36,186 · program services $18,093 · management and general $12,665 · fundraising $5,428

  • 24a · Other expenses: CONSULTING

    total $624,840 · program services $312,420 · management and general $218,694 · fundraising $93,726

  • 24b · Other expenses: DUES & MEMBERSHIPS

    total $17,926 · program services $8,963 · management and general $6,274 · fundraising $2,689

  • 24c · Other expenses: MISCELLANEOUS

    total $50,947 · program services $25,476 · management and general $17,830 · fundraising $7,641

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,772,614 · end of year $13,591,555

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $3,817,679 · end of year $5,140,668

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $10,405,000 · end of year $10,414,616

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $567,000 · end of year $6,794

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

    $9,244

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

    $1,263

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $7,981

  • 11 · Investments: publicly traded securities

    beginning of year $228,437,171 · end of year $189,789,043

  • 12 · Investments: other securities

    beginning of year $124,192,323 · end of year $109,416,081

  • 13 · Investments: program-related

    beginning of year $190,000 · end of year $190,000

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $36,108,262 · end of year $29,489,342

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,727,604 · end of year $1,173,247

  • 18 · Grants payable

    beginning of year $3,509,149 · end of year $1,923,339

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $10,355,000 · end of year $10,355,000

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $283,874,703 · end of year $283,855,392

  • 27 · Net assets without donor restrictions

    beginning of year $83,193,204 · end of year $28,314,874

  • 28 · Net assets with donor restrictions

    beginning of year $37,830,389 · end of year $32,424,228

Mission and programs · 2022

Mission

TO MOBILIZE PEOPLE, IDEAS, AND INVESTMENTS TO MAKE THIS A COMMUNITY WHERE ALL INDIVIDUALS HAVE EQUITABLE OPPORTUNITY TO REACH THEIR FULL POTENTIAL - NO MATTER PLACE, RACE OR IDENTITY.

Activities or mission (Part I)

TO MOBILIZE PEOPLE, IDEAS, AND INV. TO MAKE THIS A COMMUNITY WHERE ALL IND HAVE EQUITABLE OPP TO REACH THEIR FULL POTENTIAL - NO MATTER PLACE, RACE OR IDENTITY.

  • WE HELP PEOPLE INVEST IN THE CAUSES THAT MATTER MOST TO THEM.

    Expenses $20,960,757 · Grants $18,427,835 · Revenue $1,042,215

  • WE AWARD GRANTS TO EFFECTIVE NOT-FOR-PROFIT ORGANIZATIONS.

    Expenses $4,390,469 · Grants $3,163,602

  • WE PROVIDE LEADERSHIP TO MAKE CENTRAL INDIANA A BETTER, MORE BEAUTIFUL, MORE EQUITABLE COMMUNITY.

    Expenses $16,208,321 · Grants $17,325,668

As filed on the 2022 return.

Listed in Part VII

  • Brian Payne

    PRESIDENT AND CEO

    Total calculated
    $562,785
    From this org
    $211,058
    From related orgs
    $257,960
    Other
    $93,767
    Hours/week
    18 + 22 related

    Schedule J breakdown matched by us

    Base
    $211,058 + $257,960 related
    Bonus
    $0
    Other
    $0
    Deferred
    $28,373 + $34,679 related
    Nontaxable benefits
    $13,822 + $16,893 related
    Filer's total
    $253,253 + $309,532 related

  • Jennifer K Bartenbach

    CFO AND COO

    Total calculated
    $341,794
    From this org
    $104,280
    From related orgs
    $211,720
    Other
    $25,794
    Hours/week
    13 + 27 related

    Schedule J breakdown matched by us

    Base
    $104,280 + $211,720 related
    Bonus
    $0
    Other
    $0
    Deferred
    $8,315 + $16,882 related
    Nontaxable benefits
    $197 + $400 related
    Filer's total
    $112,792 + $229,002 related

  • Robert A MacPherson

    VP PHILANTHROPHY & DEVELOPMENT

    Total calculated
    $247,079
    From this org
    $190,056
    From related orgs
    $0
    Other
    $57,023
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,056
    Bonus
    $0
    Other
    $0
    Deferred
    $38,724
    Nontaxable benefits
    $18,299
    Filer's total
    $247,079

  • Pamela Ross

    VP COMM. LEAD. & EQUIT. INITS.

    Total calculated
    $199,313
    From this org
    $175,170
    From related orgs
    $0
    Other
    $24,143
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,170
    Bonus
    $0
    Other
    $0
    Deferred
    $14,371
    Nontaxable benefits
    $9,772
    Filer's total
    $199,313

  • Brenda K Delaney

    CONTROLLER

    Total calculated
    $160,182
    From this org
    $38,891
    From related orgs
    $86,564
    Other
    $34,727
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    $38,891 + $86,564 related
    Bonus
    $0
    Other
    $0
    Deferred
    $7,774 + $17,303 related
    Nontaxable benefits
    $2,992 + $6,658 related
    Filer's total
    $49,657 + $110,525 related

  • Molly Wilkinson Chavers

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cynthia Simon Skjodt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gregory F Hahn

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John David Hoover

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Katherline L Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kameelah Shaheed-Diallo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
ESTABLISHING COMPENSATION OF CEO/EXECUTIVE DIRECTOR: COMPENSATION IS ESTABLISHED BY CENTRAL INDIANA COMMUNITY FOUNDATION, A RELATED ORGANIZATION.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • IF CHARITABLE HOLDINGS LLC

    CHARITABLE · IN · income $3,510,666 · assets $15,389,916

    Directly controlled by INDPLS FDN

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • IMPACT CENTRAL INDIANA LLC

    EXCLUDED · CHARITABLE · IN · 88.97% owned · share of income $16,254 · share of assets $996,505

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313139349303811

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