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Nonprofiteer
← ATHENAEUM FOUNDATION INC

Form 990 for tax year 2023

Filed by ATHENAEUM FOUNDATION INC.

Totals

Total revenue
$3,242,734
Total expenses
$1,452,574
Contributions and grants received
$1,530,740
Grants paid
$0
Program service revenue
$91,204
Investment income
$286,821
Other revenue
$1,333,969
Total assets, end of year
$4,465,581
Total liabilities, end of year
$160,487
Net assets or fund balances, end of year
$4,305,094
Program services expenses (Part IX)
$935,071
Management and general expenses
$386,860
Fundraising expenses
$130,643
Program service expenses (Part III)
$935,071

Program services were 64.4% 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.

  • 1c · Fundraising events

    $81,450

  • 1f · All other contributions, gifts and grants

    $1,449,290

  • 1g · Noncash contributions included above

    $12,550

  • 2a · Program service revenue: PROGRAM EVENTS

    total $91,204 · related or exempt $91,204

  • 3 · Investment income

    total $3,965 · excluded $3,965

  • 6a · Gross rents

    real property $1,316,270

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,316,270

  • 6d · Net rental income or loss

    total $1,316,270 · related or exempt $1,316,270

  • 7a · Gross sales of assets other than inventory

    other assets $325,000

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

    other assets $42,144

  • 7c · Gain or loss

    other assets $282,856

  • 7d · Net gain or loss

    total $282,856 · excluded $282,856

  • 8a · Fundraising events: gross income

    $205,332

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

    $81,450

  • 8b · Fundraising events: direct expenses

    $196,639

  • 8c · Net income from fundraising events

    total $8,693 · excluded $8,693

  • 10a · Gross sales of inventory

    $29,943

  • 10b · Cost of goods sold

    $21,689

  • 10c · Net income from sales of inventory

    total $8,254 · unrelated business $8,254

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $752 · related or exempt $752

  • 11e · Other revenue, total

    $752

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $125,238 · program services $52,600 · management and general $52,600 · fundraising $20,038

  • 7 · Other salaries and wages

    total $355,687 · program services $149,389 · management and general $149,389 · fundraising $56,909

  • 9 · Other employee benefits

    total $29,333 · program services $12,320 · management and general $12,320 · fundraising $4,693

  • 10 · Payroll taxes

    total $38,996 · program services $16,378 · management and general $16,378 · fundraising $6,240

  • 11b · Fees: legal

    total $37,619 · program services $9,781 · management and general $27,838

  • 11c · Fees: accounting

    total $51,687 · program services $13,439 · management and general $38,248

  • 11g · Fees: other

    total $2,274 · program services $2,274

  • 12 · Advertising and promotion

    total $50,645 · management and general $37,984 · fundraising $12,661

  • 13 · Office expenses

    total $55,441 · program services $52,669 · management and general $2,772

  • 14 · Information technology

    total $15,615 · program services $4,060 · management and general $11,555

  • 16 · Occupancy

    total $432,366 · program services $405,099 · management and general $4,477 · fundraising $22,790

  • 17 · Travel

    total $5,853 · program services $5,794 · management and general $59

  • 22 · Depreciation, depletion and amortization

    total $53,796 · program services $50,030 · management and general $1,076 · fundraising $2,690

  • 23 · Insurance

    total $92,446 · program services $80,428 · management and general $7,396 · fundraising $4,622

  • 24a · Other expenses: PARKING FOR EMPLOYEES

    total $34,500 · program services $34,500

  • 24b · Other expenses: GRANT EXPENSE

    total $28,750 · program services $28,750

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $28,538 · program services $7,420 · management and general $21,118

  • 24d · Other expenses: MISCELLANEOUS

    total $10,140 · program services $10,140

  • 24e · All other expenses

    total $3,650 · management and general $3,650

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $123,827 · end of year $177,406

  • 2 · Savings and temporary cash investments

    beginning of year $47,300 · end of year $1,255,688

  • 3 · Pledges and grants receivable

    beginning of year $69,785 · end of year $59,218

  • 4 · Accounts receivable

    beginning of year $12,838 · end of year $12,657

  • 9 · Prepaid expenses and deferred charges

    beginning of year $551,378 · end of year $743,718

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

    $10,824,306

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

    $9,463,551

  • 10c · Land, buildings and equipment, net

    beginning of year $1,123,503 · end of year $1,360,755

  • 15 · Other assets

    beginning of year $628,045 · end of year $856,139

  • 17 · Accounts payable and accrued expenses

    beginning of year $70,145 · end of year $138,791

  • 18 · Grants payable

    beginning of year $409 · end of year $0

  • 19 · Deferred revenue

    beginning of year $4,696 · end of year $20,310

  • 25 · Other liabilities

    beginning of year $1,586 · end of year $1,386

  • 27 · Net assets without donor restrictions

    beginning of year $2,306,007 · end of year $2,887,537

  • 28 · Net assets with donor restrictions

    beginning of year $173,833 · end of year $1,417,557

Mission and programs · 2023

Mission

TO FURTHER THE CHARITABLE, EDUCATIONAL, AND OTHER EXEMPT PURPOSES OF SUPPORTED ORGANIZATIONS BY REVITALIZING THE ARCHITECTURAL TREASURE ATHENAEUM BUILDING TO SERVE THE INDIANAPOLIS COMMUNITY AS A CENTER FOR THE ARTS, ENTERTAINMENT AND PHYSICAL FITNESS MAINTAINING ITS UNIQUE HISTORICAL CHARACTER.

Activities or mission (Part I)

PRESERVATION AND RESTORATION OF A HISTORIC LANDMARK BUILDING IN INDIANA.

  • REVITALIZE AND RESTORE A HISTORIC ATHENAEUM BUILDING TO SERVE AS A CENTER FOR THE ARTS, ENTERTAINMENT AND PHYSICAL FITNESS. THE ORGANIZATION SPONSORS A NUMBER OF FAMILY AND HERITAGE RELATED EVENTS AND PROGRAMS THROUGHOUT THE YEAR AND PROVIDES DISCOUNTED OR FREE MEETING SPACE TO MANY NOT-FOR-PROFIT ORGANIZATIONS.

    Expenses $935,071 · Revenue $1,408,226

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Meghan Demars-Kiger

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Natalie Clayton

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Todd Shelton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Justin Sufan

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Brad Boyd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Trina Dingle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Thomas Haynes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Greg Henneke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Giles Hoyt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Hudson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Kingen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Barbara Lawrence

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dan McMichael

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rich Rardin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Sauers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Taylor Schaffer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bob Schultz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Stanis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kert Toler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kate Warpool

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Craig Mince

    PRESIDENT

    Total calculated
    $125,238
    From this org
    $125,238
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
7 August 2024
IRS schema version
2023v5.1
Source object
202432269349300638

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