Kiwanis Foundation Of Indianapolis Inc
- Assets
- $7.1m
- Revenue
- $467.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 01/1950
- Data as of
- 12/2023
- EIN
- 35-6026247
Organization Overview
Kiwanis Foundation Of Indianapolis Inc is located in Indianapolis, IN. The organization was established in 1950. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kiwanis Foundation Of Indianapolis 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, Kiwanis Foundation Of Indianapolis Inc generated $467.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $344.6k 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
BUILD A BETTER COMMUNITY THROUGH CHARITABLE GIVING, VOLUNTEERISM AND SPONSORSHIP OF SERVICE PROJECTS THAT FOCUS ON YOUTH IN THE INDIANAPOLIS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANTS, SCHOLARSHIPS, AND SUPPORT PROGRAMS THAT PROMOTE HEALTH, EDUCATE, AND ENCOURAGE LEADERSHIP AND SERVICE FOR LOCAL CHILDREN AND YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen E Burns Director | Trustee | 1 | $0 |
Carol J Orbison President | OfficerTrustee | 2 | $0 |
Mary Bolk Club President | OfficerTrustee | 2 | $0 |
Trena G Roudebush Vice President | OfficerTrustee | 2 | $0 |
Michael W Halstead Director | Trustee | 1 | $0 |
Eric J Rowland Director | Trustee | 1 | $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 | $45,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,116 |
| Total Program Service Revenue | $0 |
| Investment income | $251,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $170,536 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $467,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $108,528 |
| Grants and other assistance to domestic individuals. | $69,210 |
| 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 | $47,287 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,684 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,314 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,170 |
| Information technology | $2,343 |
| Royalties | $0 |
| Occupancy | $12,963 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $344,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,140 |
| Savings and temporary cash investments | $0 |
| 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 | $7,104,409 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,113,549 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $6,642,821 |
| Net assets with donor restrictions | $470,728 |
| 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 | $7,113,549 |
Grants Awarded
Over the last fiscal year, Kiwanis Foundation Of Indianapolis Inc has awarded $58,446 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RILEY CHILDREN FOUNDATION PURPOSE: CHILDRENS' EDUCATION | $15,000 |
KIWANIS INTERNATIONAL FOUNDATION PURPOSE: CHILDRENS' WELFARE | $43,446 |