Ipalco Foundation Inc
- Assets
- $7.2k
- Revenue
- $65.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- Data as of
- 12/2017
- EIN
- 35-2061820
Organization Overview
Ipalco Foundation Inc is located in Indianapolis, IN.
For the year ending 12/2017, Ipalco Foundation Inc generated $65.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (19.2%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2017. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2017
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION AND MAINTENANCE OF THE CONGRESSIONAL MEDAL OF HONOR MEMORIAL THE MEMORIAL SITE REQUIRES SECURITY CLEANING AND GROUND MAINTENANCE
OUTREACH AND ADVERTISING TO THE GENERAL PUBLIC REGARDING THE AVAILABILITY OF THE MONUMENT
DONATION OF MONUMENT AND MARKETABLE SECURITIES TO THE STATE OF INDIANA TO PRESERVE AND MAINTAIN MONUMENT
ADMINISTRATIVE OVERHEAD AND EXPENSE TO CARRYON ABOVE CHARITABLE PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Fennig President | 1 | $0 | |
Don Hart Treasurer | 2 | $0 | |
Bill Sherlock Secretary | 1 | $0 | |
Rush Yelverton Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $187 |
| Dividends & Interest | $18,196 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,143 |
| Capital Gain Net Income | $38,143 |
| Net ST Capital Gain | $2,292 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,530 |
| Total Revenue | $65,056 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $604 |
| Depreciation | $61,435 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $649 |
| Printing and publications | $0 |
| Other expenses | $49,407 |
| Total operating and administrative expenses | $130,151 |
| Contributions, gifts, grants paid | $3,159,451 |
| Total expenses and disbursements | $3,289,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,509 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $716 |
| Total assets | $7,225 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |