William E English Foundation
- Assets
- $7.1m
- Revenue
- $1.0m
- Investments
- $1.8m
- Employees
- 3
- Location
- Indianapolis, IN
- Founding
- 04/1963
- Data as of
- 12/2021
- EIN
- 35-0929970
Organization Overview
William E English Foundation is located in Indianapolis, IN. The organization was established in 1963. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, William E English Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William E English Foundation 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, William E English Foundation generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RENTAL OF OFFICE SPACE AT BELOW MARKET RATES TO NON-PROFIT ORGANIZATIONS SERVING THE COMMUNITY; RENTAL INCOME COVERS APPROX. 80% OF OPERATING COSTS; 20% FROM ENDOWMENT.
Describe the Organization's Program Activity:
THE WILLIAM E. ENGLISH FOUNDATION RENTS OFFICE SPACE TO NON-PROFIT ORGANIZATIONS AT BELOW MARKET RATES. THE FOUNDATION SERVES 14 DIFFERENT NON-PROFIT ORGANIZATIONS WHICH EMPLOY APPROXIMATELY 265 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Payne President | Officer | 1 | $11,406 |
Jennifer Bartenbach Executive VP And CFO | Officer | 1 | $6,618 |
Brenda Delaney Controller | 2 | $5,769 | |
Cynthia Simon Skjodt Vice-President | OfficerTrustee | 1 | $0 |
Milton O Thompson President | OfficerTrustee | 1 | $0 |
William Shrewsberry Secretary/treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,500 |
| Total Program Service Revenue | $638,367 |
| Investment income | $47,145 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $349,558 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,037,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $20,935 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $183,864 |
| Pension plan accruals and contributions | $114,135 |
| Other employee benefits | $44,476 |
| Payroll taxes | $12,819 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,179 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $339,936 |
| Travel | $1,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $290 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $238,366 |
| Insurance | $30,390 |
| All other expenses | $0 |
| Total functional expenses | $1,006,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $536,904 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,666 |
| 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 | $9,851 |
| Net Land, buildings, and equipment | $1,408,929 |
| Investments—publicly traded securities | $3,306,377 |
| Investments—other securities | $1,797,632 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,061,359 |
| Accounts payable and accrued expenses | $473,832 |
| Grants payable | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $473,832 |
| Net assets without donor restrictions | $2,869,529 |
| Net assets with donor restrictions | $3,717,998 |
| 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 | $7,061,359 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that William E English Foundation has recieved totaling $27,000.
| Awarding Organization | Amount |
|---|---|
Indianapolis Foundation Inc Indianapolis, IN PURPOSE: 2017 Operating expense transfer | $27,000 |
Endowment Analysis
| Beg. Balance | $4,252,213 |
| Earnings | $1,019,576 |
| Grants | $212,684 |
| Ending Balance | $5,059,105 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Apple Canyon Lake Property Owners Association Apple River, IL | $10,186,851 | $3,960,232 |
820 W Belle Plaine Cooperative Chicago, IL | $8,052,333 | $2,389,201 |
Building Owners And Managers Association Of Chicago Chicago, IL | $1,459,387 | $2,903,504 |
Lake Holiday Property Owners Association Inc Somonauk, IL | $7,075,550 | $2,253,751 |
Carr Square Tenant Corporation Saint Louis, MO | $3,519,634 | $1,262,069 |
Csl Community Association Inc North Vernon, IN | $4,686,607 | $1,182,975 |
Lake Winnebago Home Owners Association Lake Winnebago, MO | $7,105,548 | $1,164,558 |
William E English Foundation Indianapolis, IN | $7,061,359 | $1,037,570 |
Home Builders Association Of Kentucky Inc Frankfort, KY | $2,651,419 | $1,095,871 |
Deliverance Manor Housing Corporation Homewood, IL | $2,120,469 | $901,172 |
Prairie Stone Property Owners Association Hoffman Estates, IL | $186,635 | $871,721 |
Terre Haute Housing Authority Development Corp Terre Haute, IN | $4,462,492 | $1,044,101 |