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← INDIANA STATE UNIVERSITY FOUNDATION INC

Form 990 for tax year 2022

Filed by INDIANA STATE UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$16,129,403
Total expenses
$9,272,225
Contributions and grants received
$14,372,325
Grants paid
$7,417,330
Program service revenue
$792,516
Investment income
$1,132,950
Other revenue
-$168,388
Total assets, end of year
$129,647,619
Total liabilities, end of year
$7,676,289
Net assets or fund balances, end of year
$121,971,330
Program services expenses (Part IX)
$7,486,802
Management and general expenses
$1,365,474
Fundraising expenses
$419,949
Program service expenses (Part III)
$7,486,802

Program services were 80.7% 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

    $1,575,105

  • 1f · All other contributions, gifts and grants

    $12,797,220

  • 1g · Noncash contributions included above

    $5,987,482

  • 2a · Program service revenue: OTHER PROGRAM SERVICES

    total $792,516 · related or exempt $792,516

  • 3 · Investment income

    total $2,530,793 · unrelated business $3,824 · excluded $2,526,969

  • 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 $12,499,561 · other assets $23,512

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

    securities $13,920,916 · other assets $0

  • 7c · Gain or loss

    securities -$1,421,355 · other assets $23,512

  • 7d · Net gain or loss

    total -$1,397,843 · excluded -$1,397,843

  • 8a · Fundraising events: gross income

    $19,090

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

    $1,575,105

  • 8b · Fundraising events: direct expenses

    $187,478

  • 8c · Net income from fundraising events

    total -$168,388 · excluded -$168,388

  • 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 $5,391,468 · program services $5,391,468

  • 2 · Grants to domestic individuals

    total $2,025,862 · program services $2,025,862

  • 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 $23,515 · management and general $13,583 · fundraising $9,932

  • 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 $8,506 · management and general $8,506

  • 11c · Fees: accounting

    total $80,719 · management and general $80,719

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $335,710 · management and general $335,710

  • 11g · Fees: other

    total $23,830 · fundraising $23,830

  • 12 · Advertising and promotion

    total $37,458 · fundraising $37,458

  • 13 · Office expenses

    total $120,906 · management and general $39,283 · fundraising $81,623

  • 14 · Information technology

    total $230,141 · management and general $230,141

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $459,809 · management and general $459,809

  • 17 · Travel

    total $84,435 · program services $11,642 · management and general $2,255 · fundraising $70,538

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $5,389 · program services $843 · management and general $479 · fundraising $4,067

  • 20 · Interest

    total $85,112 · management and general $85,112

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $65,551 · management and general $65,551

  • 23 · Insurance

    total $35,612 · management and general $35,612

  • 24a · Other expenses: EVENTS

    total $46,360 · program services $46,360

  • 24b · Other expenses: ENTERTAINMENT

    total $33,344 · program services $4,518 · fundraising $28,826

  • 24c · Other expenses: PARKING

    total $5,457 · program services $5,255 · management and general $202

  • 24d · Other expenses: OTHER EXPENSES

    total $173,041 · program services $854 · management and general $8,512 · fundraising $163,675

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,793,647 · end of year $2,228,557

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $5,963,536 · end of year $7,985,304

  • 4 · Accounts receivable

    beginning of year $85,437 · end of year $35,754

  • 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 $19,934 · end of year $24,997

  • 9 · Prepaid expenses and deferred charges

    beginning of year $180,789 · end of year $200,291

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

    $1,627,203

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

    $1,143,580

  • 10c · Land, buildings and equipment, net

    beginning of year $532,360 · end of year $483,623

  • 11 · Investments: publicly traded securities

    beginning of year $88,690,625 · end of year $106,849,098

  • 12 · Investments: other securities

    beginning of year $5,334,296 · end of year $5,586,975

  • 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 $4,117,579 · end of year $6,253,020

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,688,231 · end of year $477,365

  • 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 $4,262,446 · end of year $3,316,431

  • 25 · Other liabilities

    beginning of year $1,754,852 · end of year $3,882,493

  • 27 · Net assets without donor restrictions

    beginning of year $6,237,837 · end of year $10,819,567

  • 28 · Net assets with donor restrictions

    beginning of year $99,774,837 · end of year $111,151,763

Mission and programs · 2022

Mission

THE FOUNDATION'S MISSION IS TO SECURE AND PRESERVE PRIVATE RESOURCES FOR THE BETTERMENT OF INDIANA STATE UNIVERSITY AND ITS STUDENTS, WHILE PROVIDING DONORS WITH OPPORTUNITIES TO WITNESS AND EXPERIENCE THE RESULTS OF THEIR PHILANTHROPY.

Activities or mission (Part I)

TO SECURE AND PRESERVE PRIVATE RESOURCES FOR THE BETTERMENT OF INDIANA STATE UNIVERSITY AND ITS STUDENTS.

  • RESTRICTED AND DESIGNATED EXPENDITURES - GIFTS RECEIVED FOR SPECIFIED PURPOSES AND EXPENDED FOR THESE PURPOSES WHICH PROVIDE SUPPORT TO EDUCATIONAL AND ATHLETIC PROGRAMS INCLUDING THE BAILEY COLLEGE OF ENGINEERING AND TECHNOLOGY, COLLEGE OF ARTS AND SCIENCES, SCOTT COLLEGE OF BUSINESS, BAYH COLLEGE OF EDUCATION, AND COLLEGE OF HEALTH AND HUMAN SERVICES.

    Expenses $5,391,468 · Grants $5,391,468 · Revenue $792,516

  • PROVIDED 1,148 SCHOLARSHIPS AND AWARDS TO 818 INDIANA STATE UNIVERSITY STUDENTS.

    Expenses $2,025,862 · Grants $2,025,862

  • ALUMNI ASSOCIATION PROVIDES OUTREACH AND EVENTS WHICH ENCOURAGE FORMER ISU STUDENTS TO REMAIN INVOLVED WITH ISU.

    Expenses $69,472

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrea Angel

    CEO

    Total calculated
    $252,604
    From this org
    $0
    From related orgs
    $220,727
    Other
    $31,877
    Hours/week
    37.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $203,903 related
    Bonus
    $0
    Other
    $0 + $16,824 related
    Deferred
    $0 + $19,024 related
    Nontaxable benefits
    $0 + $12,853 related
    Filer's total
    $0 + $252,604 related

  • Jeremiah Turner

    ASSC VP UNIV ADVANCEMENT

    Total calculated
    $143,004
    From this org
    $0
    From related orgs
    $113,279
    Other
    $29,725
    Hours/week
    37.5

  • Kenneth Menefee

    PLANNED/PRINCIPAL GIFTS EX DIR

    Total calculated
    $132,248
    From this org
    $0
    From related orgs
    $104,907
    Other
    $27,341
    Hours/week
    37.5

  • Lucy Lunsford

    CONTROLLER

    Total calculated
    $96,999
    From this org
    $0
    From related orgs
    $88,155
    Other
    $8,844
    Hours/week
    37.5 + 1 related

  • Adam Bahus

    ASSISTANT SECRETARY

    Total calculated
    $44,797
    From this org
    $0
    From related orgs
    $41,038
    Other
    $3,759
    Hours/week
    37.5

  • Elizabeth Boulet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Cabello

    CHAIR, TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Paul Chaney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J Bart Colwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Crouch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keith Dickey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sandi Druley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald Dudine

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Evelo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Heck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Troy Helman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Scott Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Travis Kendall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary McGuire

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Randall Minas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Lima

    CHAIR, ALUMNI BOARD

    Total calculated
    $0
    Hours/week
    1

  • Todd Osburn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Pajakowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Pellegrini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pam Poore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Porter

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Riley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sandy Senior-Dauer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rita Senseman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marie C Shanks

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Greg Steenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lindsey Stergar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gordon Tanner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Thiel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Watson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Wittman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deborah Curtis

    DIRECTOR

    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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

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
ANDREA ANGEL AND JEREMIAH TURNER WERE PROVIDED TERRE HAUTE COUNTRY CLUB DUES. THESE BENEFITS ARE NOT INCLUDED AS TAXABLE COMPENSATION BECAUSE THEY ARE USED TO CONDUCT THE FOUNDATION BUSINESS AND NOT FOR PERSONAL USE.
SCHEDULE J, PART I, LINE 3
THE COMPENSATION FOR THE ORGANIZATION IS DETEREMINED BY THE RELATED ORGANIZATION INDIANA STATE UNIVERSITY.

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 (9)

    TRUST · TRUST · IN

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431359349303528

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