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Nonprofiteer
← INDIANA PHILANTHROPY ALLIANCE FOUNDATION INC

Form 990 for tax year 2024

Filed by INDIANA PHILANTHROPY ALLIANCE FOUNDATION INC.

Totals

Total revenue
$2,248,163
Total expenses
$775,005
Contributions and grants received
$2,248,160
Grants paid
$775,000
Program service revenue
$0
Investment income
$3
Other revenue
$0
Total assets, end of year
$2,337,720
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,337,720
Program services expenses (Part IX)
$775,000
Management and general expenses
$5
Fundraising expenses
$0
Program service expenses (Part III)
$775,000

Program services were 100.0% 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

    $2,248,160

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $3 · excluded $3

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8c · Net income from fundraising events

    total $0

  • 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 $775,000 · program services $775,000

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11g · Fees: other

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

  • 24e · All other expenses

    total $5 · program services $0 · management and general $5 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $63,933 · end of year $2,312,089

  • 2 · Savings and temporary cash investments

    beginning of year $25,629 · end of year $25,631

  • 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

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $775,000 · end of year $0

  • 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 $89,562 · end of year $89,560

  • 28 · Net assets with donor restrictions

    beginning of year $775,000 · end of year $2,248,160

Mission and programs · 2024

Mission

The Foundation supports the Indiana Philanthropy Alliance, Inc. and its member community foundations through special initiatives that support or expand philanthropy in Indiana.

Activities or mission (Part I)

Supports the Indiana Philanthropy Alliance, Inc. and its member community foundations.

  • The Foundation awarded a grant to Indiana Philanthropy Alliance to administer the Gift Technical Assistance Program which provides technical assistance, training, and resources to over 90 community foundations and affiliate funds participating in the GIFT (Giving Indiana Funds for Tomorrow) initiative. In 2024, using this grant, IPA's training events encompassed nearly 1,000 participants serving communities throughout Indiana. Approximately 150 attendees attended three "Boot Camps"-basic training for community foundation and board and staff members-and over 400 GIFT technical assistance in-person and virtual consultations ranging in scope, issue area, and complexity.

    Expenses $775,000 · Grants $775,000

As filed on the 2024 return.

Listed in Part VII

  • Brienne Hooker

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JEFF SMALL

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEPHANIE OVERBEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TIM MURPHY

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KEIRA AMSTUTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETE MCCOWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Claudia Cummings

    President & CEO

    Total calculated
    $238,321
    From this org
    $0
    From related orgs
    $199,583
    Other
    $38,738
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,542 related
    Bonus
    $0
    Other
    $0 + $41 related
    Deferred
    $0 + $20,954 related
    Nontaxable benefits
    $0 + $17,784 related
    Filer's total
    $0 + $238,321 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

  • 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

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
2024
Filed
7 August 2025
IRS schema version
2024v5.1
Source object
202512199349301651

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