James Whitcomb Riley Memorial Association
- Assets
- $387.5m
- Revenue
- $19.6m
- Investments
- $148.1m
- Employees
- 85
- Location
- Indianapolis, IN
- Founding
- 01/1943
- Data as of
- 06/2020
- EIN
- 35-0868147
Organization Overview
James Whitcomb Riley Memorial Association, operating under the name Riley Children's Endowment, is located in Indianapolis, IN. The organization was established in 1943. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2020, Riley Children's Endowment employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Riley Children's Endowment generated $19.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $47.8m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Riley Children's Endowment has awarded 38 individual grants totaling $149,928,462. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
JAMES WHITCOMB RILEY MEMORIAL ASSOCIATION'S VISION IS TO ENSURE CHILDREN HAVE ACCESS TO EXCEPTIONAL HEALTHCARE BY FUNDING PEDIATRIC RESEARCH, EDUCATION, AND CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RILEY HOSPITAL: SUPPORT FOR RILEY HOSPITAL FOR CHILDREN IN INDIANAPOLIS, IN. FUNDS ARE USED FOR PATIENT CARE, RESEARCH, EDUCATION, AND EQUIPMENT.
CAMP RILEY: THE CAMP FEATURES PROGRAMS AND FACILITIES DESIGNED FOR PHYSICALLY DISABLED YOUTH. THE PROGRAMS PROVIDE EXPERIENCES AND OPPORTUNITIES NOT READILY AVAILABLE TO THE DISABLED.
RILEY MUSEUM HOME: THE HOME IS A NATIONAL HISTORIC LANDMARK WHICH IS OPEN TO THE PUBLIC. BY TOURING THE HOME VISITORS MAY OBSERVE ONE OF THE FINEST VICTORIAN PRESERVATIONS IN THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin O'keefe Former President & CEO | 1 | $367,694 | |
Meghan Miller Chief Operating Officer | Officer | 40 | $259,641 |
Cara Lathrop Vp, Community Giving | 40 | $169,715 | |
Billy Jo Cripe Vp, Finance | 40 | $147,872 | |
Elizabeth A Elkas President & CEO (beg. 8/19/19) | Officer | 40 | $142,427 |
Kathryn Brinkerhoff Vp, Leadership Giving | 40 | $136,907 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Three Sixty Group Advertising/promo | 6/29/20 | $520,953 |
Cornerstone Partners Llc Investment Advisory | 6/29/20 | $1,184,920 |
Charity Dynamics F/r Consultant | 6/29/20 | $174,205 |
Leap Managed It It Services | 6/29/20 | $160,639 |
Cloud For Good System Consulting | 6/29/20 | $154,675 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,086,130 |
| Investment income | $227,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,651,509 |
| Net Income from Fundraising Events | -$169,279 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $62,194 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,574,216 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $12,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $471,747 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,769,798 |
| Pension plan accruals and contributions | $329,312 |
| Other employee benefits | $968,054 |
| Payroll taxes | $367,035 |
| Fees for services: Management | $236,058 |
| Fees for services: Legal | $108,428 |
| Fees for services: Accounting | $66,004 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $498,548 |
| Fees for services: Investment Management | $1,375,490 |
| Fees for services: Other | $0 |
| Advertising and promotion | $654,241 |
| Office expenses | $331,829 |
| Information technology | $1,023,996 |
| Royalties | $0 |
| Occupancy | $371,054 |
| Travel | $94,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $185,914 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,934 |
| Insurance | $128,367 |
| All other expenses | $0 |
| Total functional expenses | $47,783,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,587,405 |
| Pledges and grants receivable | $8,504,199 |
| Accounts receivable, net | $20,000 |
| 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 | $793,977 |
| Investments—publicly traded securities | $185,156,407 |
| Investments—other securities | $148,083,573 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,069,841 |
| Total assets | $387,543,963 |
| Accounts payable and accrued expenses | $1,167,549 |
| Grants payable | $27,807,856 |
| Deferred revenue | $0 |
| 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 | $1,176,900 |
| Other liabilities | $6,291,963 |
| Total liabilities | $36,444,268 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $351,099,695 |
Grants Awarded
Over the last fiscal year, James Whitcomb Riley Memorial Association has awarded $28,609,002 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA UNIVERSITY PURPOSE: HOSPITAL & RESEARCH | $18,213,599 |
Indianapolis, IN PURPOSE: HOSPITAL PROJECTS | $8,377,668 |
Indianapolis, IN PURPOSE: HOSPITAL PROJECTS | $1,788,888 |
Bloomington, IN PURPOSE: PROFESSORSHIP | $123,117 |
Evansville, IN PURPOSE: HOSPITAL PROJECTS | $25,730 |
Indianapolis, IN PURPOSE: COMMUNITY GRANT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that James Whitcomb Riley Memorial Association has recieved totaling $438,934.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: COVID19 YOUTH PROGRAM RESILIENCE FD | $130,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $78,377 |
Petsmart Charities Inc Phoenix, AZ PURPOSE: ANIMAL-ASSISTED THERAPY | $63,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: EMPLOYEE MATCHING GIFT(S) | $46,350 |
Teammates For Kids Foundation Denver, CO PURPOSE: HEALTH | $30,000 |
Hancock County Community Foundation Inc Greenfield, IN PURPOSE: General operating support | $25,495 |
Endowment Analysis
| Beg. Balance | $170,287,869 |
| Earnings | -$2,426,781 |
| Admin Expense | $399,147 |
| Net Contributions | $1,720,073 |
| Grants | $7,785,734 |
| Ending Balance | $161,396,280 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish United Fund Of Metropolitan Chicago Chicago, IL | $237,716,660 | $98,017,955 |
United Way Of Greater St Louis Inc Saint Louis, MO | $102,240,089 | $87,215,939 |
United Way Of Central Indiana Inc Indianapolis, IN | $185,379,837 | $79,366,860 |
United Way Of Metropolitan Chicago Inc Chicago, IL | $48,823,180 | $94,270,464 |
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI | $61,405,972 | $81,920,457 |
James Whitcomb Riley Memorial Association Indianapolis, IN | $387,543,963 | $19,574,216 |
Crown Family Foundation Chicago, IL | $385,687,959 | $10,125,325 |
Milwaukee Jewish Federation Inc Milwaukee, WI | $275,238,952 | $33,191,987 |
United Way Of Greater Kansas City Inc Kansas City, MO | $25,862,042 | $26,294,406 |
Worldwide Inventory Network Inc St Louis, MO | $150,245,700 | $18,952,045 |
Metro United Way Inc Louisville, KY | $32,586,000 | $24,309,695 |
United Way Of Dane County Inc Madison, WI | $22,529,692 | $21,928,366 |