Athenaeum Foundation Inc
- Assets
- $2.3m
- Revenue
- $1.9m
- Investments
- $860.5k
- Employees
- 12
- Location
- Indianapolis, IN
- Founding
- 11/1991
- Data as of
- 12/2021
- EIN
- 35-1834667
Organization Overview
Athenaeum Foundation Inc is located in Indianapolis, IN. The organization was established in 1991. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Athenaeum Foundation Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Athenaeum 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, Athenaeum Foundation Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. 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
PRESERVATION AND RESTORATION OF A HISTORIC LANDMARK BUILDING IN INDIANA.
Describe the Organization's Program Activity:
REVITALIZE AND RESTORE A HISTORIC ATHENAEUM BUILDING TO SERVE AS A CENTER FOR THE ARTS, ENTERTAINMENT AND PHYSICAL FITNESS. THE ORGANIZATION SPONSORS A NUMBER OF FAMILY AND HERITAGE RELATED EVENTS AND PROGRAMS THROUGHOUT THE YEAR AND PROVIDES DISCOUNTED OR FREE MEETING SPACE TO MANY NOT-FOR-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Mince President | OfficerTrustee | 40 | $108,268 |
Natalie Clayton Vice Chair | OfficerTrustee | 0.5 | $0 |
Meghan Demars-Kiger Chair | OfficerTrustee | 0.5 | $0 |
Barbara Lawrence Treasurer | OfficerTrustee | 0.5 | $0 |
Nabeela Virjee Secretary | OfficerTrustee | 0.5 | $0 |
Brad Boyd Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,512 |
| Related organizations | $0 |
| Government grants | $194,409 |
| All other contributions, gifts, grants, and similar amounts not included above | $661,533 |
| Noncash contributions included in lines 1a–1f | $500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $873,454 |
| Total Program Service Revenue | $198,476 |
| Investment income | $2,868 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $759,163 |
| Net Gain/Loss on Asset Sales | $14,211 |
| Net Income from Fundraising Events | $26,298 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,689 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,884,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $115,280 |
| Compensation of current officers, directors, key employees. | $48,417 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $217,686 |
| Pension plan accruals and contributions | $2,995 |
| Other employee benefits | $25,011 |
| Payroll taxes | $25,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,283 |
| Fees for services: Accounting | $46,793 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,653 |
| Fees for services: Other | $1,932 |
| Advertising and promotion | $24,633 |
| Office expenses | $38,094 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $409,630 |
| Travel | $4,858 |
| 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 | $68,345 |
| Insurance | $0 |
| All other expenses | $21,107 |
| Total functional expenses | $1,375,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,150 |
| Savings and temporary cash investments | $199,300 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,662 |
| 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 | $25,640 |
| Net Land, buildings, and equipment | $1,013,038 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $860,543 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,690 |
| Total assets | $2,278,023 |
| Accounts payable and accrued expenses | $55,706 |
| Grants payable | $0 |
| Deferred revenue | $21,502 |
| 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 | $1,965 |
| Total liabilities | $79,173 |
| Net assets without donor restrictions | $2,004,298 |
| Net assets with donor restrictions | $194,552 |
| 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 | $2,278,023 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Athenaeum Foundation Inc has recieved totaling $123,552.
| Awarding Organization | Amount |
|---|---|
Arts Council Of Indianapolis Inc Indianapolis, IN PURPOSE: ARTS PROGRAMMING & COVID RELIEF | $79,052 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: CAPACITY BUILDING | $30,000 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $6,000 |
Christel Dehaan Family Foundation Inc Indianapolis, IN PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Nicholas H Noyes Jr Memorial Foundation Inc Carmel, IN PURPOSE: ROTATING ART DISPLAY | $3,000 |
Samuel L Westerman Foundation Bloomfield Hills, MI PURPOSE: CHARITABLE | $500 |
Endowment Analysis
| Beg. Balance | $119,122 |
| Earnings | $41,912 |
| Admin Expense | $1,653 |
| Ending Balance | $151,658 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |
Community Foundation For The Land Of Lincoln Inc Springfield, IL | $62,800,465 | $16,636,147 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Chicago Cubs Charities Chicago, IL | $11,765,252 | $2,315,259 |
Delta Dental Of Illinois Foundation Naperville, IL | $25,024,389 | $3,455,775 |