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Nonprofiteer
← INDIANAPOLIS FOUNDATION INC

Form 990 for tax year 2024

Filed by INDIANAPOLIS FOUNDATION INC.

Totals

Total revenue
$129,958,722
Total expenses
$64,922,126
Contributions and grants received
$100,038,428
Grants paid
$55,170,468
Program service revenue
$1,622,968
Investment income
$28,297,326
Other revenue
$0
Total assets, end of year
$475,474,756
Total liabilities, end of year
$14,631,615
Net assets or fund balances, end of year
$460,843,141
Program services expenses (Part IX)
$60,202,182
Management and general expenses
$3,444,262
Fundraising expenses
$1,275,682
Program service expenses (Part III)
$60,202,182

Program services were 92.7% 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.

  • 1e · Government grants (contributions)

    $18,505,769

  • 1f · All other contributions, gifts and grants

    $81,532,659

  • 1g · Noncash contributions included above

    $5,388,560

  • 2a · Program service revenue: Operating Support Income

    total $1,622,968 · related or exempt $1,622,968

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $6,830,416 · excluded $6,830,416

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $83,759,725

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

    securities $62,292,815

  • 7c · Gain or loss

    securities $21,466,910 · other assets $0

  • 7d · Net gain or loss

    total $21,466,910 · excluded $21,466,910

  • 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 $54,879,468 · program services $54,879,468

  • 2 · Grants to domestic individuals

    total $291,000 · program services $291,000

  • 5 · Compensation of officers, directors and key employees

    total $1,030,822 · program services $515,411 · management and general $360,788 · fundraising $154,623

  • 7 · Other salaries and wages

    total $3,162,282 · program services $1,581,141 · management and general $1,106,798 · fundraising $474,343

  • 8 · Pension plan contributions

    total $730,821 · program services $365,411 · management and general $255,787 · fundraising $109,623

  • 9 · Other employee benefits

    total $515,820 · program services $257,910 · management and general $180,537 · fundraising $77,373

  • 10 · Payroll taxes

    total $313,234 · program services $156,617 · management and general $109,632 · fundraising $46,985

  • 11a · Fees: management

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

  • 11b · Fees: legal

    total $104,920 · program services $52,460 · management and general $36,722 · fundraising $15,738

  • 11c · Fees: accounting

    total $68,871 · program services $34,435 · management and general $24,105 · fundraising $10,331

  • 11d · Fees: lobbying

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

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $1,247,111 · program services $779,444 · management and general $467,667

  • 11g · Fees: other

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

  • 12 · Advertising and promotion

    total $367,525 · program services $183,762 · management and general $128,634 · fundraising $55,129

  • 13 · Office expenses

    total $122,953 · program services $61,476 · management and general $43,034 · fundraising $18,443

  • 14 · Information technology

    total $448,324 · program services $224,161 · management and general $156,914 · fundraising $67,249

  • 15 · Royalties

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

  • 16 · Occupancy

    total $154,835 · program services $77,417 · management and general $54,193 · fundraising $23,225

  • 17 · Travel

    total $118,678 · program services $59,338 · management and general $41,538 · fundraising $17,802

  • 18 · Travel or entertainment for public officials

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

  • 19 · Conferences, conventions and meetings

    total $68,514 · program services $34,257 · management and general $23,980 · fundraising $10,277

  • 20 · Interest

    total $171,442 · program services $85,721 · management and general $60,005 · fundraising $25,716

  • 22 · Depreciation, depletion and amortization

    total $123,340 · program services $61,670 · management and general $43,169 · fundraising $18,501

  • 23 · Insurance

    total $40,642 · program services $20,321 · management and general $14,225 · fundraising $6,096

  • 24a · Other expenses: CONSULTING

    total $851,372 · program services $425,686 · management and general $297,980 · fundraising $127,706

  • 24b · Other expenses: DUES & MEMBERSHIPS

    total $85,516 · program services $42,758 · management and general $29,931 · fundraising $12,827

  • 24c · Other expenses: MISCELLANEOUS

    total $24,636 · program services $12,318 · management and general $8,623 · fundraising $3,695

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,146,928 · end of year $37,077,613

  • 3 · Pledges and grants receivable

    beginning of year $4,255,270 · end of year $5,440,144

  • 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 $11,758,349 · end of year $14,183,146

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,572 · end of year $53,548

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

    $75,112

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

    $24,043

  • 10c · Land, buildings and equipment, net

    beginning of year $44,709 · end of year $51,069

  • 11 · Investments: publicly traded securities

    beginning of year $214,036,531 · end of year $260,592,271

  • 12 · Investments: other securities

    beginning of year $107,570,104 · end of year $121,458,631

  • 13 · Investments: program-related

    beginning of year $190,000 · end of year $190,000

  • 15 · Other assets

    beginning of year $33,198,994 · end of year $36,428,334

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,036,922 · end of year $1,082,911

  • 18 · Grants payable

    beginning of year $1,922,958 · end of year $3,338,606

  • 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 $10,225,690 · end of year $10,026,529

  • 25 · Other liabilities

    beginning of year $93,290 · end of year $183,569

  • 27 · Net assets without donor restrictions

    beginning of year $341,600,533 · end of year $412,920,904

  • 28 · Net assets with donor restrictions

    beginning of year $37,338,064 · end of year $47,922,237

Mission and programs · 2024

Mission

TO MOBILIZE PEOPLE, IDEAS, AND INVESTMENTS TO MAKE THIS A COMMUNITY WHERE ALL INDIVIDUALS HAVE EQUITABLE OPPORTUNITY TO REACH THEIR FULL POTENTIAL - NO MATTER PLACE, RACE OR IDENTITY.

  • WE PROVIDE LEADERSHIP TO MAKE CENTRAL INDIANA A BETTER, MORE BEAUTIFUL, MORE EQUITABLE COMMUNITY.

    Expenses $28,710,647 · Grants $27,033,410

  • WE HELP PEOPLE INVEST IN THE CAUSES THAT MATTER MOST TO THEM.

    Expenses $25,626,204 · Grants $23,948,965 · Revenue $1,622,968

  • WE AWARD GRANTS TO EFFECTIVE NOT-FOR-PROFIT ORGANIZATIONS.

    Expenses $5,865,331 · Grants $4,188,093

As filed on the 2024 return.

Listed in Part VII

  • Kameelah Shaheed-Diallo

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Katherline L Davis

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Molly Wilkinson Chavers

    Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cynthia Simon Skjodt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John David Hahn

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lacy Johnson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Lorenzo Esters

    President

    Total calculated
    $495,239
    From this org
    $414,054
    From related orgs
    $12,806
    Other
    $68,379
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $414,054 + $12,806 related
    Bonus
    $0
    Other
    $0
    Deferred
    $22,310 + $690 related
    Nontaxable benefits
    $44,018 + $1,361 related
    Filer's total
    $480,382 + $14,857 related

  • Pamela Ross

    VP COMM. LEAD. & EQUIT. INITS

    Total calculated
    $278,340
    From this org
    $240,868
    From related orgs
    $0
    Other
    $37,472
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,868
    Bonus
    $0
    Other
    $0
    Deferred
    $7,249
    Nontaxable benefits
    $30,223
    Filer's total
    $278,340

  • Robert A Macpherson

    VP PHILANTHROPHY & DEVELOPMENT

    Total calculated
    $272,100
    From this org
    $201,326
    From related orgs
    $0
    Other
    $70,774
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,326
    Bonus
    $0
    Other
    $0
    Deferred
    $9,100
    Nontaxable benefits
    $61,674
    Filer's total
    $272,100

  • Erin Tanner

    CFO

    Total calculated
    $244,258
    From this org
    $76,470
    From related orgs
    $127,450
    Other
    $40,338
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $76,470 + $127,450 related
    Bonus
    $0
    Other
    $0
    Deferred
    $8,622 + $14,370 related
    Nontaxable benefits
    $6,505 + $10,841 related
    Filer's total
    $91,597 + $152,661 related

  • Grace Findley

    CHIEF DEVELOPMENT AND PARTNERSHIPS OFFICER

    Total calculated
    $126,890
    From this org
    $110,716
    From related orgs
    $0
    Other
    $16,174
    Hours/week
    40

  • Jennifer Schrier

    SENIOR DIRECTOR OF FINANCE

    Total calculated
    $186,065
    From this org
    $47,436
    From related orgs
    $88,095
    Other
    $50,534
    Hours/week
    14 + 26 related

    Schedule J breakdown matched by us

    Base
    $47,436 + $88,095 related
    Bonus
    $0
    Other
    $0
    Deferred
    $5,065 + $9,407 related
    Nontaxable benefits
    $12,622 + $23,440 related
    Filer's total
    $65,123 + $120,942 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, Line 3 ESTABLISHING COMPENSATION OF CEO/EXECUTIVE DIRECTOR:
COMPENSATION IS ESTABLISHED BY CENTRAL INDIANA COMMUNITY FOUNDATION, 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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • IF Charitable Holdings LLC

    Charitable · IN · income $4,762,717 · assets $2,348,879

    Directly controlled by Indpls Fdn

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Impact Central Indiana LLC

    Excluded · Charitable · IN · 55.64% owned · share of income $77,884 · share of assets $6,347,181

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.1
Source object
202503119349303240

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