James Whitcomb Riley Memorial Association
- Assets
- $429.0m
- Revenue
- $68.5m
- Investments
- $190.2m
- Employees
- 71
- Location
- Indianapolis, IN
- Founding
- 01/1943
- Data as of
- 06/2022
- EIN
- 35-0868147
Organization Overview
James Whitcomb Riley Memorial Association, operating under the name Riley Children's Endowment, is located in Indianapolis, IN. The organization was established in 1943. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Riley Children's Endowment employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riley Children's Endowment 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 06/2022, Riley Children's Endowment generated $68.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $45.9m during the year ending 06/2022. While expenses have increased by 2.4% 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.
Since 2015, Riley Children's Endowment has awarded 46 individual grants totaling $209,251,604. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
JAMES WHITCOMB RILEY MEMORIAL ASSOCIATION'S VISION IS TO ENSURE CHILDREN HAVE ACCESS TO EXCEPTIONAL HEALTHCARE BY FUNDING PEDIATRIC RESEARCH, EDUCATION, AND CARE.
Describe the Organization's Program Activity:
RILEY HOSPITAL: SUPPORT FOR RILEY HOSPITAL FOR CHILDREN. FUNDS ARE USED FOR PATIENT CARE, RESEARCH, EDUCATION, AND EQUIPMENT.
CAMP RILEY: THE CAMP FEATURES PROGRAMS AND FACILITIES DESIGNED FOR PHYSICALLY DISABLED YOUTH. THE PROGRAMS PROVIDE EXPERIENCES AND OPPORTUNITIES NOT READILY AVAILABLE TO THE DISABLED.
RILEY MUSEUM HOME: THE HOME IS A NATIONAL HISTORIC LANDMARK WHICH IS OPEN TO THE PUBLIC. BY TOURING THE HOME VISITORS MAY OBSERVE ONE OF THE FINEST VICTORIAN PRESERVATIONS IN THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth A Elkas President And CEO | Officer | 40 | $404,214 |
Meghan Miller Chief Operating Officer | Officer | 40 | $250,775 |
Karen Spataro Chief Communications Officer | Officer | 40 | $210,030 |
Cara Lathrop Vp, Community Giving | 40 | $165,490 | |
Billy Jo Cripe Vp, Finance | 40 | $156,588 | |
Kathryn Brinkerhoff Vp, Leadership Giving | 40 | $140,779 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cornerstone Partners Llc Invest Consulting | 6/29/22 | $1,076,014 |
Northern Trust Invest Admin | 6/29/22 | $190,612 |
Three Sixty Group Advertising/promo | 6/29/22 | $418,287 |
Leap Managed It It Services | 6/29/22 | $253,046 |
Community Counseling Service Co Ll Fundraising Consult | 6/29/22 | $140,000 |
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 | $47,573,271 |
| Noncash contributions included in lines 1a–1f | $4,873,327 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,573,271 |
| Total Program Service Revenue | $29,302 |
| Investment income | $562,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,350,613 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $27,216 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,543,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,622,103 |
| Grants and other assistance to domestic individuals. | $2,673,391 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,227,851 |
| Compensation of current officers, directors, key employees. | $658,176 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,075,795 |
| Pension plan accruals and contributions | $155,381 |
| Other employee benefits | $705,585 |
| Payroll taxes | $351,302 |
| Fees for services: Management | $345,749 |
| Fees for services: Legal | $80,848 |
| Fees for services: Accounting | $65,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $459,999 |
| Fees for services: Investment Management | $1,266,626 |
| Fees for services: Other | $0 |
| Advertising and promotion | $511,710 |
| Office expenses | $233,991 |
| Information technology | $745,843 |
| Royalties | $0 |
| Occupancy | $407,394 |
| Travel | $49,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93,931 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,208 |
| Insurance | $159,439 |
| All other expenses | $356,228 |
| Total functional expenses | $45,852,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,069,968 |
| Pledges and grants receivable | $16,810,451 |
| 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 | $773,056 |
| Net Land, buildings, and equipment | $1,409,705 |
| Investments—publicly traded securities | $175,122,144 |
| Investments—other securities | $190,229,197 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,615,333 |
| Total assets | $429,029,854 |
| Accounts payable and accrued expenses | $1,220,332 |
| Grants payable | $33,284,730 |
| 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 | $3,332,905 |
| Total liabilities | $37,837,967 |
| Net assets without donor restrictions | $193,872,880 |
| Net assets with donor restrictions | $197,319,007 |
| 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 | $429,029,854 |
Grants Awarded
Over the last fiscal year, James Whitcomb Riley Memorial Association has awarded $29,628,511 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA UNIVERSITY PURPOSE: HOSPITAL & RESEARCH | $18,287,870 |
Indianapolis, IN PURPOSE: HOSPITAL PROJECTS | $10,646,121 |
Bloomington, IN PURPOSE: PROFESSORSHIP | $524,791 |
Indianapolis, IN PURPOSE: HOSPITAL PROJECTS | $169,729 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that James Whitcomb Riley Memorial Association has recieved totaling $2,100.
| Awarding Organization | Amount |
|---|---|
Tlgc Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $100 |
Endowment Analysis
| Beg. Balance | $206,340,118 |
| Earnings | -$21,775,328 |
| Admin Expense | $421,382 |
| Net Contributions | $2,945,214 |
| Grants | $8,448,337 |
| Ending Balance | $178,640,285 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish United Fund Of Metropolitan Chicago Chicago, IL | $237,716,660 | $98,017,955 |
United Way Of Greater St Louis Inc Saint Louis, MO | $114,175,989 | $83,585,264 |
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI | $57,056,595 | $64,052,238 |
United Way Of Central Indiana Inc Indianapolis, IN | $217,442,591 | $59,941,831 |
United Way Of Metropolitan Chicago Inc Chicago, IL | $58,068,035 | $46,184,540 |
James Whitcomb Riley Memorial Association Indianapolis, IN | $429,029,854 | $68,543,198 |
Worldwide Inventory Network Inc St Louis, MO | $154,273,003 | $31,738,147 |
United Way Of Greater Kansas City Inc Kansas City, MO | $27,299,107 | $44,015,637 |
Metro United Way Inc Louisville, KY | $52,656,581 | $25,773,108 |
Aurora Health Care Foundation Inc Milwaukee, WI | $332,167,553 | $7,899,285 |
Milwaukee Jewish Federation Inc Milwaukee, WI | $275,238,952 | $33,191,987 |
United Way Of Dane County Inc Madison, WI | $25,467,311 | $22,528,941 |