Indiana State University Foundation Inc
- Assets
- $120.6m
- Revenue
- $29.9m
- Investments
- $3.9m
- Employees
- 36
- Location
- Terre Haute, IN
- Founding
- 11/1938
- Data as of
- 06/2021
- EIN
- 35-6045550
Organization Overview
Indiana State University Foundation Inc, operating under the name Indiana State University Foundation, is located in Terre Haute, IN. The organization was established in 1938. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Indiana State University Foundation employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana State University 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 06/2021, Indiana State University Foundation generated $29.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $5.9m during the year ending 06/2021. 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
THE FOUNDATION INSPIRES OTHERS TO BECOME INVOLVED IN THE LIFE OF INDIANA STATE UNIVERSITY AND SECURES THE SOURCES TO ENSURE THE UNIVERSITY'S GROWTH AND SUCCESS.
Describe the Organization's Program Activity:
RESTRICTED AND DESIGNATED EXPENDITURES - GIFTS RECEIVED FOR SPECIFIED PURPOSES AND EXPENDED FOR THESE PURPOSES WHICH PROVIDE SUPPORT TO EDUCATIONAL AND ATHLETIC PROGRAMS INCLUDING COLLEGE OF TECHNOLOGY, COLLEGE OF ARTS AND SCIENCES, COLLEGE OF BUSINESS, COLLEGE OF EDUCATION, AND COLLEGE OF HEALTH AND HUMAN SERVICES. SERVICES.
PROVIDED 1,096 SCHOLARSHIPS AND AWARDS TO 942 INDIANA STATE UNIVERSITY STUDENTS.
ALUMNI ASSOCIATION PROVIDES OUTREACH AND EVENTS WHICH ENCOURAGE FORMER ISU STUDENTS TO REMAIN INVOLVED WITH ISU.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Dudine Chair | OfficerTrustee | 1 | $0 |
Mary Mcguire Treasurer | OfficerTrustee | 1 | $0 |
Jo Einstandig Secretary | OfficerTrustee | 1 | $0 |
Andrea Angel CEO | OfficerTrustee | 37.5 | $0 |
Richard R Porter Vice Chair | OfficerTrustee | 1 | $0 |
Jessica Zhang Controller | Officer | 37.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,485,413 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,672,788 |
| Noncash contributions included in lines 1a–1f | $8,257,089 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,158,201 |
| Total Program Service Revenue | $338,935 |
| Investment income | $1,594,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,906,861 |
| Net Income from Fundraising Events | -$96,316 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,901,749 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,304,185 |
| Grants and other assistance to domestic individuals. | $1,808,742 |
| 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 | $19,009 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,202 |
| Fees for services: Accounting | $67,024 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $294,836 |
| Fees for services: Other | $74,237 |
| Advertising and promotion | $31,086 |
| Office expenses | $144,217 |
| Information technology | $153,858 |
| Royalties | $0 |
| Occupancy | $494,019 |
| Travel | $4,141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,216 |
| Interest | $111,452 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,287 |
| Insurance | $29,707 |
| All other expenses | $49,028 |
| Total functional expenses | $5,878,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,977,271 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,896,465 |
| Accounts receivable, net | $94,495 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,907 |
| Prepaid expenses and deferred charges | $172,554 |
| Net Land, buildings, and equipment | $557,197 |
| Investments—publicly traded securities | $94,188,001 |
| Investments—other securities | $3,944,304 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,750,422 |
| Total assets | $120,588,616 |
| Accounts payable and accrued expenses | $625,997 |
| 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 | $2,915,748 |
| Other liabilities | $2,028,932 |
| Total liabilities | $5,570,677 |
| Net assets without donor restrictions | $10,765,277 |
| Net assets with donor restrictions | $104,252,662 |
| 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 | $120,588,616 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Indiana State University Foundation Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Spiro B & Patricia Culver Mitsos Foundation Inc Columbia, TN PURPOSE: UNRESTRICTED DONATION | $3,000 |
Endowment Analysis
| Beg. Balance | $63,269,952 |
| Earnings | $14,703,933 |
| Admin Expense | $1,092,041 |
| Net Contributions | $3,761,678 |
| Grants | $1,522,261 |
| Ending Balance | $79,121,261 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Blanche Ebert Seaver Trust For Frank R Seaver College Chicago, IL | $130,613,951 | $5,090,055 |
William Rainey Harper College Educational Foundation Palatine, IL | $50,154,930 | $4,699,112 |