Bhi Foundation Inc
- Assets
- $7.2m
- Revenue
- $488.9k
- Investments
- $32.9k
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 35-1680796
Organization Overview
Bhi Foundation Inc is located in Indianapolis, IN. The organization was established in 2014. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bhi 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 12/2023, Bhi Foundation Inc generated $488.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $986.1k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT BHI SENIOR LIVING, INC., A SECTION 501(C)3 ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES WERE INCURRED ON BEHALF OF AND FOR THE BENEFIT OF BHI SENIOR LIVING, INC., A SECTION 501(C)3 ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John S Dattilo Director & President/ceo | OfficerTrustee | 2 | $0 |
Roger E Weideman II Director & Senior VP And CFO | OfficerTrustee | 2 | $0 |
Jerry Meredith Director & Treasurer | OfficerTrustee | 2 | $0 |
Wendy L Meredith Director & Secretary | OfficerTrustee | 2 | $0 |
Jane A Richardson Director & Vice-Chairperson | OfficerTrustee | 2 | $0 |
Jane A Seigel Director & Chairperson | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $86,229 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,482 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,711 |
| Total Program Service Revenue | $0 |
| Investment income | $204,999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,522 |
| Net Income from Fundraising Events | -$7,299 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $488,933 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $466,500 |
| Grants and other assistance to domestic individuals. | $107,951 |
| 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 | $61,860 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $146 |
| Fees for services: Accounting | $7,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,502 |
| Fees for services: Other | $37,635 |
| Advertising and promotion | $1,002 |
| Office expenses | $595 |
| Information technology | $14,911 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,416 |
| 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 | $34,998 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $986,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,795 |
| Savings and temporary cash investments | $901,785 |
| 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 | $6,225,767 |
| Investments—other securities | $32,857 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,341 |
| Total assets | $7,208,545 |
| Accounts payable and accrued expenses | $48,041 |
| 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 | $167,634 |
| Total liabilities | $215,675 |
| Net assets without donor restrictions | $5,900,154 |
| Net assets with donor restrictions | $1,092,716 |
| 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 | $7,208,545 |