Ball State University Foundation
- Assets
- $330.4m
- Revenue
- $35.5m
- Investments
- $80.0m
- Employees
- 102
- Location
- Muncie, IN
- Founding
- 10/1953
- Data as of
- 06/2021
- EIN
- 35-6024566
Organization Overview
Ball State University Foundation is located in Muncie, IN. The organization was established in 1953. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, Ball State University Foundation employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ball State University Foundation 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 06/2021, Ball State University Foundation generated $35.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $24.6m during the year ending 06/2021. While expenses have increased by 0.5% 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, Ball State University Foundation has awarded 16 individual grants totaling $111,331,898. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAXIMIZE SUSTAINABLE SUPPORT FOR BALL STATE UNIVERSITY BY OBTAINING, INVESTING, AND ADMINISTERING GIFT SUPPORT AND PRUDENTLY DISCHARGING ITS FIDUCIARY OBLIGATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND FINANCIAL AID ARE PROVIDED TO STUDENTS AT BALL STATE UNIVERSITY TO FURTHER THEIR EDUCATIONAL GOALS.
SUPPORT OF FACILITIES AND EQUIPMENT TO ENHANCE THE EDUCATIONAL OPPORTUNITIES AND ENVIRONMENT FOR BALL STATE UNIVERSITY STUDENTS.
SUPPORT IS PROVIDED TO BALL STATE UNIVERSITY IN THE FOLLOWING AREAS ACADEMIC PROGRAMS, ADVANCEMENT AND DEVELOPMENT, FACULTY SUPPORT, RESEARCH, FACULTY AND STUDENT RECRUITMENT, PUBLIC SERVICE, EXTERNAL RELATIONSHIPS, ARTWORK, LIBRARY MATERIALS, AND ATHLETICS. THESE PROGRAMS SERVE TO ENHANCE THE EDUCATIONAL EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geoffrey Mearns Ex-Officio Vice Chair & Pres. | OfficerTrustee | 1 | $0 |
Alan Finn VP Of Finance & Treasurer | Trustee | 1 | $0 |
Jean Kramer Crosby President | OfficerTrustee | 51 | $255,420 |
David Mark Helmus Chief Advancement Officer | 51 | $211,020 | |
Donald Ray Allen VP Of Development | 51 | $201,383 | |
Stephen Wachtmann Avp Of Finance & Treasurer | Officer | 51 | $152,337 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forvis Accounting Services | 6/29/23 | $122,235 |
Goldman Sachs Investment Advisor | 6/29/23 | $642,296 |
Agility Investment Advisor | 6/29/23 | $346,063 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,335,203 |
| Investment income | $402,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,630,906 |
| Net Income from Fundraising Events | $110,684 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,478,867 |
| Statement of Expenses | |
|---|---|
| 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. | $421,714 |
| Compensation to disqualified persons | $172,931 |
| Other salaries and wages | $3,637,849 |
| Pension plan accruals and contributions | $406,277 |
| Other employee benefits | $716,984 |
| Payroll taxes | $291,314 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,980 |
| Fees for services: Accounting | $117,890 |
| Fees for services: Lobbying | $5,008 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,367,409 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $261,403 |
| Information technology | $404,219 |
| Royalties | $0 |
| Occupancy | $91,944 |
| Travel | $49 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,571 |
| Interest | $36,331 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,912 |
| Insurance | $85,882 |
| All other expenses | $0 |
| Total functional expenses | $24,559,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,684,117 |
| Pledges and grants receivable | $22,897,553 |
| Accounts receivable, net | $10,127,822 |
| 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 | $59,947 |
| Investments—publicly traded securities | $199,870,210 |
| Investments—other securities | $80,042,847 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,349,139 |
| Total assets | $330,356,166 |
| Accounts payable and accrued expenses | $1,187,908 |
| Grants payable | $3,295,053 |
| 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 | $9,375,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,313,797 |
| Total liabilities | $17,171,758 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $313,184,408 |
Grants Awarded
Over the last fiscal year, Ball State University Foundation has awarded $14,226,074 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BALL STATE UNIVERSITY PURPOSE: GENERAL SUPPORT | $10,263,706 |
BALL STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $3,962,368 |