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Nonprofiteer
← BUTLER FOUNDATION

Form 990 for tax year 2023

Filed by BUTLER FOUNDATION.

Totals

Total revenue
$121,511
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$121,511
Other revenue
$0
Total assets, end of year
$3,540,536
Total liabilities, end of year
$935,820
Net assets or fund balances, end of year
$2,604,716
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

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.

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $59,002 · excluded $59,002

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $284,348

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

    securities $221,839

  • 7c · Gain or loss

    securities $62,509 · other assets $0

  • 7d · Net gain or loss

    total $62,509 · excluded $62,509

  • 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 $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

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

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

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

  • 8 · Pension plan contributions

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

  • 9 · Other employee benefits

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

  • 10 · Payroll taxes

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

  • 11a · Fees: management

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

  • 11b · Fees: legal

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

  • 11c · Fees: accounting

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

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

  • 11g · Fees: other

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

  • 12 · Advertising and promotion

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

  • 13 · Office expenses

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

  • 14 · Information technology

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

  • 15 · Royalties

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

  • 16 · Occupancy

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

  • 17 · Travel

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

  • 18 · Travel or entertainment for public officials

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

  • 19 · Conferences, conventions and meetings

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

  • 20 · Interest

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

  • 21 · Payments to affiliates

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

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

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

  • 24e · All other expenses

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

  • 26 · Joint costs (an allocation of the lines above)

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

Balance sheet

Part X, book values.

  • 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

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $3,133,154 · end of year $3,540,536

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    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

  • 25 · Other liabilities

    beginning of year $1,173,739 · end of year $935,820

  • 27 · Net assets without donor restrictions

    beginning of year $83 · end of year $83

  • 28 · Net assets with donor restrictions

    beginning of year $1,959,332 · end of year $2,604,633

Mission and programs · 2023

Mission

To facilitate receipt of life income gifts for future benefit of Butler University.

  • Butler Foundation works closely with Butler University to support the advancement, endowment opportunities, and ongoing operations of Butler University. These activities are important to the long-term financial health of the organization in furtherance of the educational goals of Butler University.

As filed on the 2023 return.

Listed in Part VII

  • Chris Gahl

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Howard Schrott

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jana Brost

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jeff Blade

    Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Aaron Schamp

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Amy Wierenga

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Andrew Greenlee

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Bill Soards

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Brian Stemme

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Bryan Brenner

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Chris Miskel

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Delia Harris

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Gary Butkus

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jane Magnus-Stinson

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jay Love

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Judith Thomas

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • P Scott Bening

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Rebecca Graham Paul

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Ron Langston

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Sharon Myers

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Steve Sterrett

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Thomas Fischer

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Bruce Arick

    VP Finance & Admin/Asst Treas.

    Total calculated
    $351,368
    From this org
    $0
    From related orgs
    $302,595
    Other
    $48,773
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $302,595 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,259 related
    Nontaxable benefits
    $0 + $18,514 related
    Filer's total
    $0 + $351,368 related
  • Claire Aigotti

    General Counsel/Asst Secretary

    Total calculated
    $335,400
    From this org
    $0
    From related orgs
    $288,637
    Other
    $46,763
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $288,486 related
    Bonus
    $0
    Other
    $0 + $151 related
    Deferred
    $0 + $28,849 related
    Nontaxable benefits
    $0 + $17,914 related
    Filer's total
    $0 + $335,400 related
  • James Danko

    President

    Total calculated
    $999,599
    From this org
    $0
    From related orgs
    $934,831
    Other
    $64,768
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $600,000 related
    Bonus
    $0 + $215,000 related
    Other
    $0 + $119,831 related
    Deferred
    $0 + $56,041 related
    Nontaxable benefits
    $0 + $8,727 related
    Filer's total
    $0 + $999,599 related
  • Susan Westermeyer

    Controller/Asst Treasurer

    Total calculated
    $168,343
    From this org
    $0
    From related orgs
    $140,613
    Other
    $27,730
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,613 related
    Bonus
    $0 + $3,000 related
    Other
    $0
    Deferred
    $0 + $13,761 related
    Nontaxable benefits
    $0 + $13,969 related
    Filer's total
    $0 + $168,343 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 Compensation established by a related organization:
COMPENSATION IS PAID AND ESTABLISHED BY BUTLER UNIVERSITY USING THEIR FORMAL COMPENSATION POLICY.

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.

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 TRUST (5)

    Trust · CRUT · CA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202501049349300940

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