Athenaeum Foundation Inc
- Assets
- $4.5m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Indianapolis, IN
- Founding
- 11/1991
- Data as of
- 12/2023
- EIN
- 35-1834667
Organization Overview
Athenaeum Foundation Inc is located in Indianapolis, IN. The organization was established in 1991. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Athenaeum Foundation Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Athenaeum 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 12/2023, Athenaeum Foundation Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION AND RESTORATION OF A HISTORIC LANDMARK BUILDING IN INDIANA.
Describe the Organization's Program Activity:
REVITALIZE AND RESTORE A HISTORIC ATHENAEUM BUILDING TO SERVE AS A CENTER FOR THE ARTS, ENTERTAINMENT AND PHYSICAL FITNESS. THE ORGANIZATION SPONSORS A NUMBER OF FAMILY AND HERITAGE RELATED EVENTS AND PROGRAMS THROUGHOUT THE YEAR AND PROVIDES DISCOUNTED OR FREE MEETING SPACE TO MANY NOT-FOR-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghan Demars-Kiger Chair | OfficerTrustee | 1 | $0 |
Natalie Clayton Vice Chair | OfficerTrustee | 1 | $0 |
Todd Shelton Secretary | OfficerTrustee | 1 | $0 |
Justin Sufan Treasurer | OfficerTrustee | 1 | $0 |
Brad Boyd Board Member | Trustee | 1 | $0 |
Trina Dingle Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $81,450 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,449,290 |
| Noncash contributions included in lines 1a–1f | $12,550 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,530,740 |
| Total Program Service Revenue | $91,204 |
| Investment income | $3,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,316,270 |
| Net Gain/Loss on Asset Sales | $282,856 |
| Net Income from Fundraising Events | $8,693 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,254 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,242,734 |
| 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. | $125,238 |
| Compensation of current officers, directors, key employees. | $52,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $355,687 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,333 |
| Payroll taxes | $38,996 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,619 |
| Fees for services: Accounting | $51,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,274 |
| Advertising and promotion | $50,645 |
| Office expenses | $55,441 |
| Information technology | $15,615 |
| Royalties | $0 |
| Occupancy | $432,366 |
| Travel | $5,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,796 |
| Insurance | $92,446 |
| All other expenses | $3,650 |
| Total functional expenses | $1,452,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,406 |
| Savings and temporary cash investments | $1,255,688 |
| Pledges and grants receivable | $59,218 |
| Accounts receivable, net | $12,657 |
| 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 | $743,718 |
| Net Land, buildings, and equipment | $1,360,755 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $856,139 |
| Total assets | $4,465,581 |
| Accounts payable and accrued expenses | $138,791 |
| Grants payable | $0 |
| Deferred revenue | $20,310 |
| 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 | $1,386 |
| Total liabilities | $160,487 |
| Net assets without donor restrictions | $2,887,537 |
| Net assets with donor restrictions | $1,417,557 |
| 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 | $4,465,581 |