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Nonprofiteer
← KIWANIS FOUNDATION OF INDIANAPOLIS INC

Form 990 for tax year 2024

Filed by KIWANIS FOUNDATION OF INDIANAPOLIS INC.

Totals

Total revenue
$2,310,160
Total expenses
$533,204
Contributions and grants received
$45,655
Grants paid
$352,117
Program service revenue
$0
Investment income
$2,264,505
Other revenue
$0
Total assets, end of year
$8,892,661
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,892,661
Program services expenses (Part IX)
$402,254
Management and general expenses
$123,788
Fundraising expenses
$7,162
Program service expenses (Part III)
$402,254

Program services were 75.4% 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

    $45,655

  • 3 · Investment income

    total $437,799 · excluded $437,799

  • 7a · Gross sales of assets other than inventory

    securities $7,231,016

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

    securities $5,404,310

  • 7c · Gain or loss

    securities $1,826,706

  • 7d · Net gain or loss

    total $1,826,706 · excluded $1,826,706

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $297,977 · program services $297,977

  • 2 · Grants to domestic individuals

    total $54,140 · program services $54,140

  • 7 · Other salaries and wages

    total $49,090 · program services $34,363 · management and general $9,818 · fundraising $4,909

  • 10 · Payroll taxes

    total $3,823 · program services $2,676 · management and general $765 · fundraising $382

  • 11a · Fees: management

    total $30,000 · management and general $30,000

  • 11b · Fees: legal

    total $4,830 · management and general $4,830

  • 11c · Fees: accounting

    total $24,345 · management and general $24,345

  • 11f · Fees: investment management

    total $48,016 · management and general $48,016

  • 11g · Fees: other

    total $22 · management and general $22

  • 13 · Office expenses

    total $5,337 · program services $3,736 · management and general $1,067 · fundraising $534

  • 14 · Information technology

    total $2,250 · management and general $2,250

  • 16 · Occupancy

    total $13,374 · program services $9,362 · management and general $2,675 · fundraising $1,337

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,140 · end of year $6,832

  • 11 · Investments: publicly traded securities

    beginning of year $7,104,409 · end of year $8,885,829

  • 27 · Net assets without donor restrictions

    beginning of year $6,642,821 · end of year $8,345,519

  • 28 · Net assets with donor restrictions

    beginning of year $470,728 · end of year $547,142

Mission and programs · 2024

Mission

BUILD A BETTER COMMUNITY THROUGH CHARITABLE GIVING, VOLUNTEERISM AND SPONSORSHIP OF SERVICE PROJECTS THAT FOCUS ON YOUTH IN THE INDIANAPOLIS AREA.

  • PROVIDE GRANTS, SCHOLARSHIPS, AND SUPPORT PROGRAMS THAT PROMOTE HEALTH, EDUCATE, AND ENCOURAGE LEADERSHIP AND SERVICE FOR LOCAL CHILDREN AND YOUTH.

    Expenses $402,254 · Grants $352,117

As filed on the 2024 return.

Listed in Part VII

  • KAREN E BURNS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRENA G ROUDEBUSH

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • ERIC J ROWLAND

    CLUB PRESIDENT & PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • MARY BOLK

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • MICHAEL W HALSTEAD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROGER D CUMMINGS

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ROBERT L LOWRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA BERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETER SCHUETH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KELLY OLES

    SECRETARY/EX-OFFICIO

    Total calculated
    $0
    Hours/week
    2 + 2 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.

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
2024
Filed
21 February 2025
IRS schema version
2024v5.0
Source object
202540629349300329

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