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← BALL STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2024

Filed by BALL STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
$30,232,984
Total expenses
$37,729,015
Contributions and grants received
$27,029,416
Grants paid
$25,905,836
Program service revenue
$0
Investment income
$3,203,568
Other revenue
$0
Total assets, end of year
$438,758,562
Total liabilities, end of year
$15,968,377
Net assets or fund balances, end of year
$422,790,185
Program services expenses (Part IX)
$27,745,304
Management and general expenses
$5,538,920
Fundraising expenses
$4,444,791
Program service expenses (Part III)
$27,745,304

Program services were 73.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAVID W HEETER

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • GEOFFREY MEARNS

    EX-OFFICIO VICE CHAIR & PRES.

    Total calculated
    $680,526
    From this org
    $0
    From related orgs
    $606,100
    Other
    $74,426
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $606,100 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $62,081 related
    Nontaxable benefits
    $0 + $12,345 related
    Filer's total
    $0 + $680,526 related

  • JEAN KRAMER CROSBY

    PRESIDENT

    Total calculated
    $340,338
    From this org
    $307,156
    From related orgs
    $0
    Other
    $33,182
    Hours/week
    51 + 4 related

    Schedule J breakdown matched by us

    Base
    $307,156
    Bonus
    $0
    Other
    $0
    Deferred
    $30,107
    Nontaxable benefits
    $3,075
    Filer's total
    $340,338

  • JILL S LACY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL C RAY

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • PATRICK J ALDERICE

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ALAN FINN

    VP OF FINANCE & TREASURER (End 02/25)

    Total calculated
    $346,699
    From this org
    $0
    From related orgs
    $303,899
    Other
    $42,800
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $303,899 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,477 related
    Nontaxable benefits
    $0 + $10,323 related
    Filer's total
    $0 + $346,699 related

  • BENTE M WEITEKAMP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BETSY M ROSS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRIAN J HAYNES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHARLES A BARTH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAMITA J WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAN L MOLINARO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DANIEL J TOWRISS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DONALD D DUMOULIN II

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DWIGHT D SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ERIC J FOSS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HENRY HALL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES D FIELDS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES R WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JO ANN M GORA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JULIE K GRIFFITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE A ARBUCKLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE M DOERKSEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEITH A ROBINSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KELLI A LAWRENCE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KYLE J WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LOU E HENSLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARLA K TEMPLETON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL E EARLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE A RYAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NATALIE VEGA O'NEIL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RANDY D PHILLIPS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICHARD J HALL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT S KASPAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sue Hodges Moore

    Interim VP for Business Affairs & Treasurer (Beg 03/25)

    Total calculated
    $0
    Hours/week
    1 + 54 related

  • THOMAS B BRYAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY M ANDREWS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BETH ALEXANDER

    ASSISTANT SECRETARY

    Total calculated
    $126,912
    From this org
    $109,624
    From related orgs
    $0
    Other
    $17,288
    Hours/week
    51

  • STEPHEN WACHTMANN

    CFO, TREASURER

    Total calculated
    $221,650
    From this org
    $189,133
    From related orgs
    $0
    Other
    $32,517
    Hours/week
    51 + 4 related

    Schedule J breakdown matched by us

    Base
    $189,133
    Bonus
    $0
    Other
    $0
    Deferred
    $20,936
    Nontaxable benefits
    $11,581
    Filer's total
    $221,650

  • DAVID MARK HELMUS

    CHIEF ADVANCEMENT OFFICER

    Total calculated
    $253,314
    From this org
    $224,189
    From related orgs
    $0
    Other
    $29,125
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $224,189
    Bonus
    $0
    Other
    $0
    Deferred
    $23,945
    Nontaxable benefits
    $5,180
    Filer's total
    $253,314

  • LOLA MAUER

    AVP FOR ALUMNI ENGAGEMENT

    Total calculated
    $185,259
    From this org
    $162,243
    From related orgs
    $0
    Other
    $23,016
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $162,243
    Bonus
    $0
    Other
    $0
    Deferred
    $17,554
    Nontaxable benefits
    $5,462
    Filer's total
    $185,259

  • WILLIAM COOPER

    SR DIR DEVELOPMENT PRINCIPAL GIFTS

    Total calculated
    $200,412
    From this org
    $173,417
    From related orgs
    $0
    Other
    $26,995
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $173,417
    Bonus
    $0
    Other
    $0
    Deferred
    $18,918
    Nontaxable benefits
    $8,077
    Filer's total
    $200,412

  • BRENDA DAVIS

    SR DIRECTOR OF DEVELOPMENT

    Total calculated
    $125,190
    From this org
    $105,647
    From related orgs
    $0
    Other
    $19,543
    Hours/week
    51

  • CARMELLA HISE

    AVP FOR DEVELOPMENT

    Total calculated
    $164,324
    From this org
    $149,128
    From related orgs
    $0
    Other
    $15,196
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $149,128
    Bonus
    $0
    Other
    $0
    Deferred
    $15,187
    Nontaxable benefits
    $9
    Filer's total
    $164,324

  • DONALD RAY ALLEN

    VP OF DEVELOPMENT

    Total calculated
    $120,835
    From this org
    $114,687
    From related orgs
    $0
    Other
    $6,148
    Hours/week
    51

  • KELSEY KELLY

    AVP FOR DEVELOPMENT

    Total calculated
    $150,626
    From this org
    $124,837
    From related orgs
    $0
    Other
    $25,789
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $124,837
    Bonus
    $0
    Other
    $0
    Deferred
    $14,378
    Nontaxable benefits
    $11,411
    Filer's total
    $150,626

  • MARY SERINE

    SR EXEC DIR OF ADVANCEMENT

    Total calculated
    $128,375
    From this org
    $114,688
    From related orgs
    $0
    Other
    $13,687
    Hours/week
    51

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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 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 1a First-class or charter travel
CHARTER TRAVEL IS A BENEFIT MADE AVAILABLE TO SELECT OFFICERS AND DIRECTORS WHEN THERE IS ROOM AVAILABLE ON THE CHARTER PLANE USED BY THE ATHLETIC DEPARTMENT. THIS USE IS ONLY FOR BUSINESS PURPOSES.
Schedule J, Part I, Line 1a Travel for companions
TRAVEL FOR COMPANIONS IS A BENEFIT MADE AVAILABLE TO SELECT OFFICERS AND DIRECTORS WHEN THERE IS ROOM AVAILABLE ON THE CHARTER PLANE USED BY THE ATHLETIC DEPARTMENT. THIS USE IS ONLY FOR BUSINESS PURPOSES.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
COUNTRY CLUB DUES WERE PROVIDED FOR SELECT OFFICERS AND DIRECTORS FOR BUSINESS USE.

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Charitable Remainder Trusts (5)

    Trust · Charitable Tr · IN

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.1
Source object
202601319349301860

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