Indiana War Memorials Foundation Inc
- Assets
- $2.6m
- Revenue
- $836.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 11/2001
- Data as of
- 12/2021
- EIN
- 35-2123555
Organization Overview
Indiana War Memorials Foundation Inc is located in Indianapolis, IN. The organization was established in 2001. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana War Memorials 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 12/2021, Indiana War Memorials Foundation Inc generated $836.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $632.2k during the year ending 12/2021. While expenses have increased by 39.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HONORING HOOSIER VETERANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INDIANA WAR MEMORIAL FOUNDATION EXISTS TO PERPETUATE THE COMMEMORATION OF THE VETERANS OF THE NATION'S ARMED FORCES AND TO PROMOTE PUBLIC SUPPORT FOR THE INDIANA WAR MEMORIALS, TO PRESERVE AND PROMOTE THE HISTORICAL AND EDUCATION ACTIVITIES OF THE INDIANA WAR MEMORIALS, AND TO OPERATE FOR THE BENEFIT AND TO SUPPORT THE PURPOSE OF THE INDIANA WAR MEMORIAL COMMISSION. THE INDIANA WAR MEMORIALS COMMISSION IS A GOVERNMENTAL UNIT AS AN INDIANA STATE AGENCY. INDIANA CODE, ARTICLE 10-18-1-18 AMENDED IN 2005 PROVIDES THE INDIANA WAR MEMORIALS COMMISSION POWERS TO ESTABLISH A NON-PROFIT CORPORATION FOR THE BENEFIT OF THE COMMISSION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Otto Frenzel IV President | OfficerTrustee | 5 | $0 |
Diana Ebling Treasurer | OfficerTrustee | 4 | $0 |
Kent Abernathy Vice-President | OfficerTrustee | 4 | $0 |
Don Hart Director | Trustee | 2 | $0 |
Fred Golgart Director | Trustee | 2 | $0 |
Matt Fix Director | Trustee | 2 | $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 | $509,533 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $509,533 |
| Total Program Service Revenue | $0 |
| Investment income | $327,214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $836,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $414,333 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $44,169 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,914 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,530 |
| Office expenses | $1,627 |
| Information technology | $1,635 |
| Royalties | $0 |
| Occupancy | $65,803 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $743 |
| All other expenses | $1,003 |
| Total functional expenses | $632,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,302 |
| Savings and temporary cash investments | $10,020 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,478,329 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,586,651 |
| Accounts payable and accrued expenses | $549 |
| 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 | $549 |
| Net assets without donor restrictions | $970,464 |
| Net assets with donor restrictions | $1,615,638 |
| 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 | $2,586,651 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Indiana War Memorials Foundation Inc has recieved totaling $30,075.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Louis S Hensley Jr Family Foundation Inc Zionsville, IN PURPOSE: CHARITABLE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $75 |
Endowment Analysis
| Beg. Balance | $1,567,365 |
| Earnings | $184,619 |
| Admin Expense | $21,108 |
| Net Contributions | $404,880 |
| Other Expense | $105,785 |
| Grants | $414,333 |
| Ending Balance | $1,615,638 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heartland Film Inc Indianapolis, IN | $7,035,109 | $2,956,439 |
The National Public Housing Museum Chicago, IL | $4,854,237 | $1,907,075 |
Indiana War Memorials Foundation Inc Indianapolis, IN | $2,586,651 | $836,747 |
Lanesville Heritage Weekend Inc Lanesville, IN | $950,959 | $292,533 |
Higginsville Country Club Higginsville, MO | $447,862 | $283,954 |
Americas Heartland Remembers Inc Saint Louis, MO | $21,971 | $250,163 |
Rockford Fourth Of July Civic Committee Rockford, IL | $29,167 | $0 |
South Side Irish St Patricks Day Parade And Heritage Foundation Inc Chicago, IL | $624,032 | $166,096 |
Johnny Appleseed Festival Inc Fort Wayne, IN | $176,827 | $143,052 |
Centennial Community Center Inc Stetsonville, WI | $209,768 | $177,132 |
Mississinewa Battlefield Society Marion, IN | $398,102 | $0 |
Kentucky Derby Festival Foundation Inc Louisville, KY | $149,565 | $179,108 |