Edmund F And Virginia B Ball Foundation Inc
- Assets
- $18.8m
- Revenue
- $745.2k
- Investments
- $18.3m
- Employees
- 0
- Location
- Muncie, IN
- Founding
- 03/1994
- Data as of
- 09/2023
- EIN
- 35-1911169
Organization Overview
Edmund F And Virginia B Ball Foundation Inc is located in Muncie, IN. The organization was established in 1994. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edmund F And Virginia B Ball 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 09/2023, Edmund F And Virginia B Ball Foundation Inc generated $745.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $2.6m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Edmund F And Virginia B Ball Foundation Inc has awarded 166 individual grants totaling $19,503,723. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy B Keilty Vice Pres & Dir | 2 | $0 | |
Michael J Fisher Jr Director | 2 | $0 | |
Frederick C Ball Director | 2 | $0 | |
Robert B Ball President & Dir | 3 | $0 | |
Tamara S Phillips Sec & Treasurer | 5 | $0 | |
Charles F Ball Executive Dir. | 40 | $146,265 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tremont Consulting | 9/29/23 | $255,427 |
Ball Associates | 9/29/23 | $101,908 |
Rowland Associates | 9/29/23 | $55,000 |
Intentional Management | 9/29/23 | $56,308 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17 |
| Dividends & Interest | $327,258 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $417,965 |
| Capital Gain Net Income | $417,965 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $745,240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $146,265 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $63,552 |
| Interest | $0 |
| Taxes | $37,059 |
| Depreciation | $0 |
| Occupancy | $42,029 |
| Travel, conferences, and meetings | $7,163 |
| Printing and publications | $0 |
| Other expenses | $297,537 |
| Total operating and administrative expenses | $866,994 |
| Contributions, gifts, grants paid | $1,763,324 |
| Total expenses and disbursements | $2,630,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $407,819 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,800,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,755,085 |
| Accounts payable and accrued expenses | $7,199 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,199 |
Grants Awarded
Over the last fiscal year, Edmund F And Virginia B Ball Foundation Inc has awarded $1,763,324 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
MUNCIE YMCA PURPOSE: CAPITAL CAMPAIGN & CAMP CROSLEY RENOVATIONS | $500,000 |
CENTRAL CARIBBEAN MARINE INSTITUTE PURPOSE: REEFS GO LIVE & OCEAN SCIENCE SCHOLARS PROGRAM | $159,533 |
INTERLOCHEN CENTER FOR THE ARTS PURPOSE: VISITING FACULTY & WRITER IN PROGRAM | $100,000 |
BALL STATE UNIVERSITY FDN PURPOSE: V.B.BALL CENTER FOR CREATIVE INQUIRY | $213,156 |
MINNETRISTA CULTURAL FDN PURPOSE: FUNDER FUND ENDOWMENT | $100,000 |
INLAND SEAS EDUCATION ASSOC PURPOSE: SCHOOLSHIP PROGRAM | $30,000 |