Edmund F And Virginia B Ball Foundation Inc
- Assets
- $23.3m
- Revenue
- $2.2m
- Investments
- $22.5m
- Employees
- 0
- Location
- Muncie, IN
- Founding
- 03/1994
- Data as of
- 09/2021
- EIN
- 35-1911169
Organization Overview
Edmund F And Virginia B Ball Foundation Inc is located in Muncie, IN. The organization was established in 1994. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edmund F And Virginia B Ball 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 09/2021, Edmund F And Virginia B Ball Foundation Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $2.7m during the year ending 09/2021. While expenses have increased by 9.0% per year over the past 5 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, Edmund F And Virginia B Ball Foundation Inc has awarded 138 individual grants totaling $15,249,618. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles F Ball Executive Dir. | 40 | $129,609 | |
Nancy B Keilty Vice Pres & Dir | 2 | $0 | |
Michael J Fisher Jr Director | 2 | $0 | |
Frederick C Ball Director | 2 | $0 | |
Robert B Ball President & Dir | 3 | $0 | |
Tamara S Phillips Sec & Treasurer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ball Associates | 9/29/21 | $87,940 |
Intentional Management | 9/29/21 | $116,927 |
Tremont Consulting | 9/29/21 | $83,587 |
Erving Associates | 9/29/21 | $138,001 |
Indiana Trust Wealth Management | 9/29/21 | $50,801 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $345,602 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,872,942 |
| Capital Gain Net Income | $1,872,942 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,218,558 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $129,609 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $51,727 |
| Interest | $0 |
| Taxes | $70,169 |
| Depreciation | $0 |
| Occupancy | $15,880 |
| Travel, conferences, and meetings | $2,328 |
| Printing and publications | $0 |
| Other expenses | $123,716 |
| Total operating and administrative expenses | $809,364 |
| Contributions, gifts, grants paid | $1,884,906 |
| Total expenses and disbursements | $2,694,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $827,693 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,800,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,329,269 |
| Accounts payable and accrued expenses | $34,448 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $34,448 |
Grants Awarded
Over the last fiscal year, Edmund F And Virginia B Ball Foundation Inc has awarded $2,953,972 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
TRAVERSE AREA RECREATION AND TRANSP PURPOSE: SLEEPING BEAR HERITAGE TRAIL | $750,000 |
Leland, MI PURPOSE: PERFORMANCE FUND & OWNING OUR FUTURE | $375,000 |
CENTRAL CARIBBEAN MARINE INSTITUTE PURPOSE: REEFS GO LIVE & OCEAN SCIENCE SCHOLARS PROGRAM | $319,066 |
TRAVERSE AREA RECREATION AND TRANSPORT PURPOSE: SLEEPING BEAR HERITAGE TRAIL | $250,000 |
BALL STATE UNIVERSITY FDN PURPOSE: V.B.BALL CTR CREATIVE INQUIRY | $243,997 |
Leland, MI PURPOSE: EXPANSION PALMER WOODS 1000-ACRE PROJECT | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ball Brothers Foundation Muncie, IN | $163,131,007 | $28,120,087 |
George And Frances Ball Foundation Muncie, IN | $76,278,352 | $7,203,214 |
Friends Of The Robert Crown Center Evanston, IL | $364,936 | $1,586,328 |
Edmund F And Virginia B Ball Foundation Inc Muncie, IN | $23,329,269 | $2,218,558 |
Chicago Parks Foundation Chicago, IL | $6,269,164 | $4,256,299 |
The Tower Grove Park Foundation Saint Louis, MO | $14,895,981 | $1,801,990 |
Ball Foundation Glen Ellyn, IL | $10,980,594 | $409,210 |
Chicago Rowing Foundation Chicago, IL | $1,413,266 | $1,236,194 |
Atchison Ymca Qalicb Inc Kansas City, MO | $9,758,868 | $380,000 |
Friends Of Lake Forest Parks And Recreation Lake Forest, IL | $990,377 | $433,092 |
Pekin Park Foundation Pekin, IL | $1,074,794 | $584,310 |
Friends Of The Manitowoc Familyaquatic Center Inc Manitowoc, WI | $269,607 | $8,134 |