Pike Township Educational Foundation Inc
- Assets
- $1.6m
- Revenue
- $333.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 11/1991
- Data as of
- 06/2022
- EIN
- 35-1836390
Organization Overview
Pike Township Educational Foundation Inc is located in Indianapolis, IN. The organization was established in 1991. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pike Township Educational 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 06/2022, Pike Township Educational Foundation Inc generated $333.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $194.9k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE EDUCATIONAL EXPERIENCE OF EVERY PIKE STUDENT BY PROVIDING RESOURCES FOR INNOVATIVE, HIGH QUALITY APPROACHES TO EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUND GRANTS FOR NEW PROGRAM OPPORTUNITIES IN THE PIKE TOWNSHIP SCHOOLS.
FUND SCHOLARSHIPS FOR ELIGIBLE PIKE HIGH SCHOOL STUDENTS.
CELEBRATIONS! TEACHER'S AWARDS/BANQUET
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christie Graham Coexec Director | Officer | 20 | $21,945 |
Alison Hanscom Coexec Director | Trustee | 20 | $13,965 |
Matt Hopp Vice President | Officer | 5 | $0 |
Debbie Morgan Treasurer | Officer | 5 | $0 |
Brandy Morris President | Officer | 5 | $0 |
Shannon Rotvold Secretary | Officer | 5 | $0 |
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 | $269,821 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $269,821 |
| Total Program Service Revenue | $0 |
| Investment income | -$57,096 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,295 |
| Net Income from Fundraising Events | $67,375 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $333,245 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $54,611 |
| Grants and other assistance to domestic individuals. | $41,650 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $51,870 |
| Compensation of current officers, directors, key employees. | $51,870 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,461 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,928 |
| Fees for services: Other | $8,920 |
| Advertising and promotion | $2,205 |
| Office expenses | $5,582 |
| Information technology | $4,065 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,418 |
| All other expenses | $0 |
| Total functional expenses | $194,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,681 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,129 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,283,075 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $1,593,885 |
| Accounts payable and accrued expenses | $48,029 |
| 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 | $0 |
| Total liabilities | $48,029 |
| Net assets without donor restrictions | $476,635 |
| Net assets with donor restrictions | $1,069,221 |
| 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 | $1,593,885 |
Grants Awarded
Over the last fiscal year, Pike Township Educational Foundation Inc has awarded $55,056 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MSD PIKE TOWNSHIP PURPOSE: Var awards, supporting innovation. | $41,578 |
MSD PIKE TOWNSHIP PURPOSE: Celebrations! (honoring educators) | $13,478 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Pike Township Educational Foundation Inc has recieved totaling $40,465.
| Awarding Organization | Amount |
|---|---|
Indianapolis Foundation Inc Indianapolis, IN PURPOSE: 2021 Distribution | $37,477 |
Shukla Family Charitable Foundation Inc Indianapolis, IN PURPOSE: CHARITABLE | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $385 |
Richard M Fairbanks Foundation Inc Indianapolis, IN PURPOSE: MATCHING GRANT | $103 |
Endowment Analysis
| Beg. Balance | $458,546 |
| Earnings | $34,254 |
| Admin Expense | $4,714 |
| Grants | $24,214 |
| Ending Balance | $463,872 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indianapolis Foundation Inc Indianapolis, IN | $352,748,809 | $43,731,535 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |
Inner-City Muslim Action Network Chicago, IL | $22,441,569 | $25,574,850 |
Will County Center For Community Concerns Inc Joliet, IL | $2,259,108 | $13,384,526 |