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Nonprofiteer
← INDIANA STATE MUSEUM FOUNDATION INC

Form 990 for tax year 2023

Filed by INDIANA STATE MUSEUM FOUNDATION INC.

Totals

Total revenue
$2,614,317
Total expenses
$7,695,960
Contributions and grants received
$2,148,874
Grants paid
$7,649,238
Program service revenue
$0
Investment income
$465,443
Other revenue
$0
Total assets, end of year
$10,804,603
Total liabilities, end of year
$75,393
Net assets or fund balances, end of year
$10,729,210
Program services expenses (Part IX)
$7,649,238
Management and general expenses
$38,714
Fundraising expenses
$8,008
Program service expenses (Part III)
$7,649,238

Program services were 99.4% 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.

  • 1b · Membership dues

    $338,407

  • 1e · Government grants (contributions)

    $1,035,415

  • 1f · All other contributions, gifts and grants

    $775,052

  • 3 · Investment income

    total $505,970 · excluded $505,970

  • 7a · Gross sales of assets other than inventory

    securities $1,651,723

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

    securities $1,692,250

  • 7c · Gain or loss

    securities -$40,527

  • 7d · Net gain or loss

    total -$40,527 · excluded -$40,527

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,649,238 · program services $7,649,238

  • 11f · Fees: investment management

    total $38,714 · management and general $38,714

  • 24a · Other expenses: DEVELOPMENT EXPENSE

    total $8,008 · fundraising $8,008

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,915,823 · end of year $2,943,419

  • 3 · Pledges and grants receivable

    beginning of year $180,933 · end of year $210,341

  • 11 · Investments: publicly traded securities

    beginning of year $7,182,446 · end of year $7,575,450

  • 15 · Other assets

    beginning of year $97,047 · end of year $75,393

  • 25 · Other liabilities

    beginning of year $97,047 · end of year $75,393

  • 27 · Net assets without donor restrictions

    beginning of year $2,975,649 · end of year $3,439,722

  • 28 · Net assets with donor restrictions

    beginning of year $12,303,553 · end of year $7,289,488

Mission and programs · 2023

Mission

THE FOUNDATION WAS ESTABLISHED TO PROMOTE AND ASSIST THE INDIANA STATE MUSUEM AND HISTORIC SITES WITH THE OBJECTIVE OF COLLECTING, PRESERVING AND INTERPRETING INDIANA HISTORY FOR THE BENEFIT OF THE PUBLIC.

Activities or mission (Part I)

THE FOUNDATION WAS ESTABLISHED TO PROMOTE AND ASSIST THE INDIANA STATE MUSEUM AND HISTORIC SITES WITH THE OBJECTIVE OF COLLECTING, PRESERVING, AND INTERPRETING INDIANA HISTORY FOR THE BENEFIT OF THE PUBLIC.

  • THE FOUNDATION PROVIDES FINANCIAL SUPPORT FOR THE INDIANA STATE MUSEUM AND HISTORIC SITES. THE SUPPORT PROMOTES EXHIBITIONS AND EDUCATIONAL PROGRAMS HIGHLIGHTING CULTURAL HISTORY, NATURAL HISTORY, ART, AND SCIENCE.

    Expenses $7,649,238 · Grants $7,649,238

As filed on the 2023 return.

Listed in Part VII

  • WILLIAM BROWNE JR

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • THAO T NGUYEN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • ELIZABETH WITTE

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • ANDREW BRIGGS

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • MELISSA CAITO

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FRED CATE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LINDA CONTI

    MEMBER THRU 9/5/2023

    Total calculated
    $0
    Hours/week
    1

  • NANCY JORDAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JUDY SINGLETON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARY WALKER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN WECHSLER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JORDAN GATHERS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANGILA RETHERFORD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHARLES CAMMACK JR

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID GO

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DE'AMON HARGES

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL ZICK

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PETER NAGEL

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AMBER FINLEY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARC SAMARDZIJA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDY CONNER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CATHRYN C FERREE

    CEO/PRESIDENT

    Total calculated
    $291,610
    From this org
    $0
    From related orgs
    $236,934
    Other
    $54,676
    Hours/week
    10 + 31 related

    Schedule J breakdown matched by us

    Base
    $0 + $236,934 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,470 related
    Nontaxable benefits
    $0 + $31,206 related
    Filer's total
    $0 + $291,610 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)

PART I, LINE 3
THE CEO/PRESIDENT IS COMPENSATED THROUGH A RELATED ORGANIZATION.

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
2023
Filed
17 January 2025
IRS schema version
2023v6.0
Source object
202530279349302253

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