Totals
- Total revenue
- $25,806
- Total expenses
- $144,750
- Contributions and grants received
- $162,308
- Grants paid
- $137,959
- Program service revenue
- $0
- Investment income
- -$136,502
- Other revenue
- $0
- Total assets, end of year
- $2,460,905
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,460,905
- Program services expenses (Part IX)
- $137,979
- Management and general expenses
- $6,771
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $137,979
Program services were 95.3% 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.
-
1f · All other contributions, gifts and grants
$162,308
-
1g · Noncash contributions included above
$9,914
-
3 · Investment income
total $0
-
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 $0
-
7b · Less cost or other basis and sales expenses
securities $136,502
-
7c · Gain or loss
securities -$136,502
-
7d · Net gain or loss
total -$136,502 · excluded -$136,502
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
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 $137,959 · program services $137,959
-
2 · Grants to domestic individuals
total $0
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $3,220 · management and general $3,220
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $20 · program services $20
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $2,569 · management and general $2,569
-
24a · Other expenses: OTHER
total $982 · management and general $982
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $103,267 · end of year $70,121
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $7,436 · end of year $5,832
-
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 $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $2,469,146 · end of year $2,384,952
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
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 $0 · end of year $0
-
24 · Unsecured notes and loans payable
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 $130,708 · end of year $69,395
-
28 · Net assets with donor restrictions
beginning of year $2,449,141 · end of year $2,391,510
Mission and programs · 2022
Mission
THE MISSION OF CARDINAL FUNDS INC IS TO HOLD BALL STATE UNIVERSITY FOUNDATION SCHOLARSHIP FUNDS FOR CURRENT STUDENTS OR GRADUATES OF THE UNIVERSITY, INDIANA ACADEMY AND BURRIS LABORATORY SCHOOL AS WELL AS FUNDS FOR THE BENEFIT OF OTHER QUALIFIED EXEMPT ORGANIZATIONS THAT SERVE UNIVERSITY STUDENTS, ALUMNI, FACULTY AND STAFF.
Activities or mission (Part I)
CARDINAL FUNDS INC IS ORGANIZED TO HOLD FUNDS TO SUPPORT BALL STATE UNIVERSITY FOUNDATION AND THEIR MISSIONS.
-
CARDINAL FUNDS HOLDS FUNDS TO PRIMARILY SUPPORT SCHOLARSHIPS AND THE MISSION OF BALL STATE UNIVERSITY AND BALL STATE UNIVERSITY FOUNDATION.
Expenses $137,979 · Grants $137,959
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jean Kramer CrosbyJEAN KRAMER CROSBY
BOARD MEMBER
- Total calculated
- $286,231
- From this org
- $0
- From related orgs
- $255,420
- Other
- $30,811
- Hours/week
- 2 + 53 related
Schedule J breakdown matched by us
- Base
- $0 + $255,420 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $26,628 related
- Nontaxable benefits
- $0 + $4,183 related
- Filer's total
- $0 + $286,231 related
-
Donald Ray AllenDONALD RAY ALLEN
BOARD MEMBER
- Total calculated
- $222,276
- From this org
- $0
- From related orgs
- $201,383
- Other
- $20,893
- Hours/week
- 2 + 53 related
Schedule J breakdown matched by us
- Base
- $0 + $199,883 related
- Bonus
- $0 + $1,500 related
- Other
- $0
- Deferred
- $0 + $10,450 related
- Nontaxable benefits
- $0 + $10,443 related
- Filer's total
- $0 + $222,276 related
-
Stephen WachtmannSTEPHEN WACHTMANN
SECRETARY/TREASURER
- Total calculated
- $179,747
- From this org
- $0
- From related orgs
- $152,337
- Other
- $27,410
- Hours/week
- 2 + 53 related
Schedule J breakdown matched by us
- Base
- $0 + $152,337 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $16,955 related
- Nontaxable benefits
- $0 + $10,455 related
- Filer's total
- $0 + $179,747 related
-
Marla K TempletonMARLA K TEMPLETON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Patrick J AlderdicePATRICK J ALDERDICE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
David HeeterDAVID HEETER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Michael C RayMICHAEL C RAY
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 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
- PROCESS TO REVIEW COMPENSATION: CARDINAL FUNDS DOES NOT HAVE EMPLOYEES. PER THE ADMINISTRATIVE AGREEMENT WITH BALL STATE UNIVERSITY FOUNDATION, CARDINAL FUNDS IS PROVIDED EMPLOYEES FROM BALL STATE UNIVERSITY FOUNDATION.
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
-
BALL STATE UNIVERSITY
$137,959
SCHOLARSHIP FUNDING
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.
-
BALL STATE UNIVERSITY FOUNDATION
501(C)3 · SUPPORT · IN
Directly controlled by NA
-
501(C)3 · REAL ESTATE · IN
Directly controlled by BS UNIV FDN
-
BALL STATE UNIVERSITY
115 · EDUCATION · IN
Directly controlled by NA
-
BALL STATE UNIVERSITY ALUMNI ASSOCIATION
501(C)3 · ALUMNI SPT · IN
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420909349300217
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