University Of Southern Indiana Foundation Inc
- Assets
- $166.4m
- Revenue
- $20.3m
- Investments
- $6.8m
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 11/1969
- Data as of
- 06/2022
- EIN
- 23-7042320
Organization Overview
University Of Southern Indiana Foundation Inc is located in Evansville, IN. The organization was established in 1969. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Southern Indiana Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, University Of Southern Indiana Foundation Inc generated $20.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $5.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE USI FOUNDATION'S MISSION IS TO ATTRACT, ACQUIRE, AND MANAGE DONORS' CHARITABLE GIFTS TO SUPPORT AND SUSTAIN THE GOALS OF THE UNIVERSITY OF SOUTHERN INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE USI FOUNDATION PROVIDES SCHOLARSHIPS AND AWARDS TO STUDENTS ENROLLED AT THE UNIVERSITY OF SOUTHERN INDIANA. APPROXIMATELY 1,800 SCHOLARSHIPS AND AWARDS WERE PROVIDED TO STUDENTS DURING THE CURRENT FISCAL YEAR.
THE USI FOUNDATION PROVIDES EDUCATIONAL AND ACADEMIC ENHANCEMENTS DIRECTLY TO THE UNIVERSITY OF SOUTHERN INDIANA. THIS INCLUDES FACULTY ENHANCEMENT INITIATIVES, FACULTY RESEARCH AWARD STIPENDS, AND DIRECT FUNDING FOR ACADEMIC DEPARTMENTS.
THE USI FOUNDATION PROVIDES OTHER VARIOUS SUPPORT TO THE UNIVERSITY OF SOUTHERN INDIANA INCLUDING SUPPORT FOR THE ALUMNI ASSOCIATION, ATHLETICS, HISTORIC NEW HARMONY, AND OTHER VARIOUS INITIATIVES.
THE USI FOUNDATION PROVIDES SUPPORT FOR COMMUNITY OUTREACH INITIATIVES AND CAPITAL ACQUISITIONS OF THE UNIVERSITY OF SOUTHERN INDIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven J Bridges Director/assistant Treasurer | OfficerTrustee | 2 | $0 |
Ronald S Rochon Director/admin Advisor | OfficerTrustee | 2 | $0 |
Chad J Fetscher Director/vice Chair For Alumni | OfficerTrustee | 2 | $0 |
Chris D Melton Life Director/treasurer | OfficerTrustee | 2 | $0 |
John L Schutz Director/vice Chair For Development | OfficerTrustee | 2 | $0 |
Trudy J Stock Director/chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Southern Indiana Acct & Advanc | 6/29/22 | $561,100 |
Fourth Street Performance Partners Consulting Services | 6/29/22 | $103,247 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,785 |
| Related organizations | $0 |
| Government grants | $210,994 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,948,542 |
| Noncash contributions included in lines 1a–1f | $41,524 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,190,321 |
| Total Program Service Revenue | $0 |
| Investment income | $2,638,523 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $20,727 |
| Net Rental Income | -$41,371 |
| Net Gain/Loss on Asset Sales | $11,397,874 |
| Net Income from Fundraising Events | $9,374 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,278,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,298,198 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,376 |
| Fees for services: Accounting | $43,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $210,618 |
| Fees for services: Other | $131,991 |
| Advertising and promotion | $34,054 |
| Office expenses | $365 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,170 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,387 |
| Insurance | $8,716 |
| All other expenses | $41,228 |
| Total functional expenses | $5,440,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,247,046 |
| Pledges and grants receivable | $5,843,232 |
| Accounts receivable, net | $135,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,389 |
| Net Land, buildings, and equipment | $3,065,602 |
| Investments—publicly traded securities | $148,863,235 |
| Investments—other securities | $6,765,050 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $520,980 |
| Total assets | $166,446,934 |
| Accounts payable and accrued expenses | $36,244 |
| Grants payable | $0 |
| Deferred revenue | $6,574 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,081,692 |
| Total liabilities | $2,124,510 |
| Net assets without donor restrictions | $19,132,887 |
| Net assets with donor restrictions | $145,189,537 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $166,446,934 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that University Of Southern Indiana Foundation Inc has recieved totaling $123,000.
| Awarding Organization | Amount |
|---|---|
Bussing-Koch Foundation Inc Evansville, IN PURPOSE: SCHOLARSHIP FUND | $75,000 |
Cecil A And Mabel Lene Hamman Foundation Inc Evansville, IN PURPOSE: GENERAL OPERATING EXPENSE | $44,000 |
Edwin C Tretter Foundation Inc Ferdinand, IN PURPOSE: SCHOLARSHIP | $4,000 |
Endowment Analysis
| Beg. Balance | $155,208,079 |
| Earnings | -$26,044,803 |
| Net Contributions | $2,551,909 |
| Other Expense | -$6,471 |
| Grants | $3,994,143 |
| Ending Balance | $127,727,513 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maranatha Baptist University Inc Watertown, WI | $23,775,385 | $19,476,702 |
Holy Family College Inc Manitowoc, WI | $6,992,394 | $12,349,410 |
Western Illinois University Foundation Macomb, IL | $79,070,194 | $7,417,920 |
Spertus Institute For Jewish Learning And Leadership Chicago, IL | $61,494,654 | $7,279,775 |
Southern Illinois University Edwardsville Foundation Edwardsville, IL | $53,902,987 | $8,733,295 |
Vandercook College Of Music Chicago, IL | $10,499,413 | $6,354,157 |
Eastern Illinois University Foundation Charleston, IL | $118,656,033 | $17,377,290 |
Calvary University Kansas City, MO | $12,316,825 | $1,875,961 |
Martin University Inc Indianapolis, IN | $11,458,178 | $6,489,319 |
University Of Southern Indiana Foundation Inc Evansville, IN | $166,446,934 | $20,278,244 |
University Of Wisconsin Stevens Point Foundation Inc Stevens Point, WI | $75,127,942 | $13,216,092 |
Simmons College Of Kentucky Inc Louisville, KY | $11,109,137 | $8,273,027 |