George And Frances Ball Foundation
- Assets
- $76.3m
- Revenue
- $7.2m
- Investments
- $74.7m
- Employees
- 0
- Location
- Muncie, IN
- Founding
- 12/1938
- Data as of
- 12/2021
- EIN
- 35-6033917
Organization Overview
George And Frances Ball Foundation is located in Muncie, IN. The organization was established in 1938. 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. George And Frances Ball 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 12/2021, George And Frances Ball Foundation generated $7.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $6.4m during the year ending 12/2021. While expenses have increased by 2.0% 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 2016, George And Frances Ball Foundation has awarded 409 individual grants totaling $57,392,384. 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 |
|---|---|---|---|
Thomas J Kinghorn President | 32 | $93,101 | |
Kortney Zimmerman Program Officer | 40 | $81,497 | |
Kelsey Harrington Program Associate | 40 | $59,403 | |
Ermalene M Faulkner Director | 1 | $0 | |
Joseph F Wiese Secretary, Dir | 1 | $0 | |
Stefan S Anderson Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ball Associates | 12/30/21 | $139,203 |
First Merchants Private Wealth | 12/30/21 | $345,450 |
Ball Associates | 12/30/21 | $139,203 |
First Merchants Private Wealth | 12/30/21 | $345,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,325 |
| Dividends & Interest | $2,398,128 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,802,761 |
| Capital Gain Net Income | $4,802,761 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,203,214 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $93,101 |
| Other employee salaries and wages | $140,900 |
| Pension plans, employee benefits | $43,329 |
| Interest | $0 |
| Taxes | $110,023 |
| Depreciation | $2,043 |
| Occupancy | $62,429 |
| Travel, conferences, and meetings | $4,580 |
| Printing and publications | $1,213 |
| Other expenses | $25,716 |
| Total operating and administrative expenses | $967,987 |
| Contributions, gifts, grants paid | $5,406,185 |
| Total expenses and disbursements | $6,374,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,515,351 |
| Net Accounts receivable | $44,444 |
| 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 | $0 |
| Net Land, buildings, and equipment | $7,153 |
| Other assets | $0 |
| Total assets | $76,278,352 |
| Accounts payable and accrued expenses | $3,393 |
| 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 | $3,393 |
Grants Awarded
Over the last fiscal year, George And Frances Ball Foundation has awarded $17,302,370 in support to 118 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA OF MUNCIE PURPOSE: CAPITAL CAMPAIGN - NEW BUILDING | $2,075,000 |
YMCA OF MUNCIE PURPOSE: CAPITAL CAMPAIGN - NEW BUILDING | $2,075,000 |
Muncie, IN PURPOSE: OPERATIONS/ CAPITAL PROJECTS & KAREN VINCENT FUND-COLLECTIONS & PRESERVATION | $1,120,000 |
Muncie, IN PURPOSE: OPERATIONS/ CAPITAL PROJECTS & KAREN VINCENT FUND-COLLECTIONS & PRESERVATION | $1,120,000 |
Muncie, IN PURPOSE: GENERAL OPERATING/ CAPITAL PROJECTS | $1,110,000 |
Muncie, IN PURPOSE: GENERAL OPERATING/ CAPITAL PROJECTS | $1,110,000 |
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 |