University Of Southern Indiana Foundation Inc

Organization Overview

University Of Southern Indiana Foundation Inc is located in Evansville, IN. The organization was established in 1969. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Southern Indiana 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 06/2023, University Of Southern Indiana Foundation Inc generated $9.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $6.6m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE USI FOUNDATION'S MISSION IS TO ATTRACT, ACQUIRE, AND MANAGE DONORS' CHARITABLE GIFTS TO SUPPORT AND SUSTAIN THE GOALS OF THE UNIVERSITY OF SOUTHERN INDIANA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE USI FOUNDATION PROVIDES SCHOLARSHIPS AND AWARDS TO STUDENTS ENROLLED AT THE UNIVERSITY OF SOUTHERN INDIANA. APPROXIMATELY 1,900 SCHOLARSHIPS AND AWARDS WERE PROVIDED TO STUDENTS DURING THE CURRENT FISCAL YEAR.


THE USI FOUNDATION PROVIDES SUPPORT FOR ARTWORK ACQUISITIONS OF THE UNIVERSITY OF SOUTHERN INDIANA.


THE USI FOUNDATION PROVIDES EDUCATIONAL AND ACADEMIC ENHANCEMENTS DIRECTLY TO THE UNIVERSITY OF SOUTHERN INDIANA. THIS INCLUDES FACULTY ENHANCEMENT INITIATIVES, FACULTY RESEARCH AWARD STIPENDS, AND DIRECT FUNDING FOR ACADEMIC DEPARTMENTS.


THE USI FOUNDATION PROVIDES OTHER VARIOUS SUPPORT TO THE UNIVERSITY OF SOUTHERN INDIANA INCLUDING SUPPORT FOR THE ALUMNI ASSOCIATION, ATHLETICS, HISTORIC NEW HARMONY, AND OTHER VARIOUS INITIATIVES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
University Of Southern Indiana
Acct & Advanc
$581,600
Fourth Street Performance Partners
Consulting Services
$109,035
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$48,606
Related organizations$0
Government grants $265,271
All other contributions, gifts, grants, and similar amounts not included above$2,596,452
Noncash contributions included in lines 1a–1f $84,481
Total Revenue from Contributions, Gifts, Grants & Similar$2,910,329
Total Program Service Revenue$0
Investment income $3,373,934
Tax Exempt Bond Proceeds $0
Royalties $16,818
Net Rental Income $25,854
Net Gain/Loss on Asset Sales $3,339,870
Net Income from Fundraising Events $32,756
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,805,434

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