Indianapolis Bar Foundation Inc
- Assets
- $2.4m
- Revenue
- $447.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 12/1969
- Data as of
- 12/2021
- EIN
- 23-7051780
Organization Overview
Indianapolis Bar Foundation Inc is located in Indianapolis, IN. The organization was established in 1969. According to its NTEE Classification (I12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indianapolis Bar 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 12/2021, Indianapolis Bar Foundation Inc generated $447.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $309.4k during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE JUSTICE AND LEAD POSITIVE CHANGE IN INDIANAPOLIS THROUGH PHILANTHROPY, EDUCATION, AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL PROGRAMS DESIGNED TO ENHANCE THE LEGAL PROFESSION THROUGH THE EXCHANGE OF IDEAS AND INCREASE COMMUNITY AWARENESS OF VARIOUS LEGAL FUNCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis N Jensen Secretary | OfficerTrustee | 1 | $0 |
Raegan M Gibson President-Elect | OfficerTrustee | 1 | $0 |
Elizabeth Eichholtz Walker 1st Vice President | OfficerTrustee | 1 | $0 |
Elisabeth M Edwards Treasurer | OfficerTrustee | 1 | $0 |
Adam D Christensen President | OfficerTrustee | 1 | $0 |
Lee C Christie Immediate Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $87,277 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $184,295 |
| Noncash contributions included in lines 1a–1f | $15,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $271,572 |
| Total Program Service Revenue | $0 |
| Investment income | $99,002 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,922 |
| Net Income from Fundraising Events | $26,441 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $447,937 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $139,637 |
| Grants and other assistance to domestic individuals. | $9,100 |
| 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 | $0 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,500 |
| Fees for services: Other | $8,631 |
| Advertising and promotion | $0 |
| Office expenses | $146 |
| 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 | $19,406 |
| Interest | $0 |
| Payments to affiliates | $90,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $309,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $371,616 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $130,770 |
| Accounts receivable, net | $6,525 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,940,560 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,449,471 |
| Accounts payable and accrued expenses | $32,000 |
| Grants payable | $0 |
| Deferred revenue | $11,333 |
| 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 | $10,248 |
| Total liabilities | $53,581 |
| Net assets without donor restrictions | $1,749,570 |
| Net assets with donor restrictions | $646,320 |
| 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 | $2,449,471 |
Grants Awarded
Over the last fiscal year, Indianapolis Bar Foundation Inc has awarded $144,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: TO FUND VARIOUS PROGRAMS WHICH SERVE THEIR MEMBERS, PROMOTE JUSTICE, AND ENHANCE THE LEGAL PROFESSION. | $109,000 |
Indianapolis, IN PURPOSE: CENTER FOR VICTIM AND HUMAN RIGHTS WAS SELECTED TO RECEIVE THE $35,000 IMPACT GRANT PROVIDED BY IBF. THE CENTER FOR VICTIM AND HUMAN RIGHTS MISSION IS TO EMPOWER AND ADVANCE THE SAFETY OF VICTIMS THROUGH LEGAL REPRESENTATION AND EDUCATIONAL OUTREACH. THE PURPOSE OF THE GRANT IS TO CREATE THE PRO BONO ATTORNEY PROJECT FOR MARION COUNTY ATTORNEYS TO PROVIDE LIMITED-SCOPE ADVICE AND COUNSEL TO PRO SE VICTIMS FILING A PETITION FOR A PROTECTIVE ORDER. | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Indianapolis Bar Foundation Inc has recieved totaling $8,035.
| Awarding Organization | Amount |
|---|---|
Faegre Baker Daniels Foundation Minneapolis, MN PURPOSE: GENERAL SUPPORT | $8,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $35 |
Endowment Analysis
| Beg. Balance | $200,912 |
| Earnings | $2,406 |
| Ending Balance | $203,318 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Bar Foundation Indianapolis, IN | $10,665,424 | $4,352,887 |
Law Enforcement Foundation Of Barron County Inc Rice Lake, WI | $1,585,900 | $1,547,435 |
Fund For Justice Chicago, IL | $192,097 | $497,287 |
Indianapolis Bar Foundation Inc Indianapolis, IN | $2,449,471 | $447,937 |
Louisville Bar Foundation Inc Endowment Fund Louisville, KY | $4,044,215 | $351,983 |
Lake Forest Police Foundation Lake Forest, IL | $90,697 | $0 |
We Back The Badge Inc Salem, WI | $10,148 | $0 |
Joseph F Bronge Iii Memorial Foundation Inc Addison, IL | $0 | $26,672 |
Allen County Bar Foundation Inc Fort Wayne, IN | $325,134 | $0 |
Scandinavian American Police And Fire Association Chicago, IL | $7,394 | $0 |
Dri Foundation Inc Chicago, IL | $23,654 | $0 |
The Spencer Williams Foundation For Judicial Independence Chicago, IL | $30,859 | $728 |