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Nonprofiteer
← IHSAA FOUNDATION INC

Form 990 for tax year 2024

Filed by IHSAA FOUNDATION INC.

Totals

Total revenue
$632,864
Total expenses
$321,632
Contributions and grants received
$572,770
Grants paid
$21,500
Program service revenue
$0
Investment income
$63,678
Other revenue
-$3,584
Total assets, end of year
$1,595,721
Total liabilities, end of year
$50,716
Net assets or fund balances, end of year
$1,545,005
Program services expenses (Part IX)
$124,531
Management and general expenses
$60,729
Fundraising expenses
$136,372
Program service expenses (Part III)
$124,531

Program services were 38.7% 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

    $16,000

  • 1f · All other contributions, gifts and grants

    $556,770

  • 3 · Investment income

    total $28,034 · excluded $28,034

  • 7a · Gross sales of assets other than inventory

    securities $549,265

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

    securities $513,621

  • 7c · Gain or loss

    securities $35,644

  • 7d · Net gain or loss

    total $35,644 · excluded $35,644

  • 8a · Fundraising events: gross income

    $56,049

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

    $16,000

  • 8b · Fundraising events: direct expenses

    $59,633

  • 8c · Net income from fundraising events

    total -$3,584 · excluded -$3,584

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $21,500 · program services $21,500

  • 5 · Compensation of officers, directors and key employees

    total $138,014 · program services $40,024 · management and general $15,182 · fundraising $82,808

  • 10 · Payroll taxes

    total $14,915 · program services $4,325 · management and general $1,641 · fundraising $8,949

  • 11c · Fees: accounting

    total $31,704 · management and general $31,704

  • 11f · Fees: investment management

    total $8,692 · management and general $8,692

  • 12 · Advertising and promotion

    total $37,788 · fundraising $37,788

  • 13 · Office expenses

    total $792 · management and general $713 · fundraising $79

  • 17 · Travel

    total $2,714 · program services $2,282 · fundraising $432

  • 23 · Insurance

    total $931 · management and general $931

  • 24a · Other expenses: PROGRAM EXPENSE

    total $41,430 · program services $41,430

  • 24b · Other expenses: OTHER EXPENSES

    total $14,637 · program services $6,455 · management and general $1,866 · fundraising $6,316

  • 24c · Other expenses: EDUCATIONAL DEVELOPMENT

    total $8,515 · program services $8,515

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $162,202 · end of year $171,536

  • 2 · Savings and temporary cash investments

    beginning of year $25,015 · end of year $0

  • 4 · Accounts receivable

    beginning of year $3,035 · end of year $13,900

  • 9 · Prepaid expenses and deferred charges

    beginning of year $258 · end of year $0

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

    $23,000

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

    $23,000

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,014,330 · end of year $1,410,285

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,058 · end of year $24,706

  • 19 · Deferred revenue

    beginning of year $35,400 · end of year $26,010

  • 27 · Net assets without donor restrictions

    beginning of year $570,226 · end of year $592,924

  • 28 · Net assets with donor restrictions

    beginning of year $597,156 · end of year $952,081

Mission and programs · 2024

Mission

THE PURPOSE OF THE IHSAA FOUNDATION IS TO BE ORGANIZED AND OPERATED EXCLUSIVELY FOR THE CHARITABLE BENEFITS OF IHSAA MEMBER SCHOOLS AND THEIR STUDENT ATHLETES. THE FOUNDATION SHALL MAINTAIN A FUND AND USE THE INCOME GENERATED FROM THE FUND TO PROMOTE THE EDUCATIONAL PURPOSES OF THE INDIANA HIGH SCHOOL ATHLETIC ASSOCIATION, INC. ITS MEMBER SCHOOLS AND SUPPORT DESERVING STUDENT ATHLETES IN THEIR PURSUIT OF POST-SECONDARY EDUCATION.

Activities or mission (Part I)

OPERATED EXCLUSIVELY FOR THE BENEFITS OF IHSAA MEMBER SCHOOLS AND THEIR STUDENT ATHLETES

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $124,531 · Grants $21,500

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Phil Eskew

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Jen Wilfong

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Jim Sandgren

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Milt Thompson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Paul Neidig

    BOARD MEMBER

    Total calculated
    $211,332
    From this org
    $0
    From related orgs
    $205,106
    Other
    $6,226
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,106 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,979 related
    Nontaxable benefits
    $0 + $3,247 related
    Filer's total
    $0 + $211,332 related
  • Wayne Barker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Grant Clapacs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Bobby Cox

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Andy Arnold

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Joe Jordan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Paul Kaiser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mike Mossbrucker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Blake Ress

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Pete Ward

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kris Teusch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Eric Bowlen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Chad Gilbert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Chris Kaufman

    PRESIDENT

    Total calculated
    $174,764
    From this org
    $33,822
    From related orgs
    $135,287
    Other
    $5,655
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $33,822 + $135,287 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,565 related
    Nontaxable benefits
    $0 + $3,090 related
    Filer's total
    $33,822 + $140,942 related
  • Trip Lukemeyer

    DIRECTOR

    Total calculated
    $103,886
    From this org
    $83,153
    From related orgs
    $0
    Other
    $20,733
    Hours/week
    40 + 1 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

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

No itemized grants to organizations 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
13 May 2026
IRS schema version
2024v5.5
Source object
202611349349309756

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