Indianapolis Foundation Inc
- Assets
- $352.7m
- Revenue
- $43.7m
- Investments
- $103.7m
- Employees
- 14
- Location
- Indianapolis, IN
- Founding
- 04/2013
- Data as of
- 12/2020
- EIN
- 45-4618430
Organization Overview
Indianapolis Foundation Inc is located in Indianapolis, IN. The organization was established in 2013. 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. As of 12/2021, Indianapolis Foundation Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indianapolis 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 12/2020, Indianapolis Foundation Inc generated $43.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $23.7m during the year ending 12/2020. While expenses have increased by 4.8% per year over the past 6 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 2014, Indianapolis Foundation Inc has awarded 2,267 individual grants totaling $128,977,901. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO MOBILIZE PEOPLE, IDEAS, AND INV. TO MAKE THIS A COMMUNITY WHERE ALL IND HAVE EQUITABLE OPP TO REACH THEIR FULL POTENTIAL - NO MATTER PLACE, RACE OR IDENTITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HELP PEOPLE INVEST IN THE CAUSES THAT MATTER MOST TO THEM.
WE AWARD GRANTS TO EFFECTIVE NOT-FOR-PROFIT ORGANIZATIONS.
WE PROVIDE LEADERSHIP TO MAKE CENTRAL INDIANA A BETTER, MORE BEAUTIFUL, MORE EQUITABLE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Payne President And CEO | Officer | 18 | $205,315 |
Jennifer K Bartenbach Chief Financial Officer | Officer | 12 | $86,028 |
Robert A Macpherson VP Development | Officer | 16 | $71,833 |
Pamela Ross VP Of Equity And Inclusion | Officer | 20 | $68,375 |
Tamara Winfrey-Harris VP Community Investment And Ef | Officer | 17 | $66,619 |
Brenda K Delaney Controller | 12 | $35,766 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,200,061 |
| Investment income | $2,636,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,743,623 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,731,535 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $194,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $460,117 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,028,749 |
| Pension plan accruals and contributions | $716,681 |
| Other employee benefits | $239,836 |
| Payroll taxes | $96,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,476 |
| Fees for services: Accounting | $58,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,138,663 |
| Fees for services: Other | $57,953 |
| Advertising and promotion | $30,679 |
| Office expenses | $29,887 |
| Information technology | $137,423 |
| Royalties | $0 |
| Occupancy | $87,827 |
| Travel | $1,788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,455 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $34,511 |
| All other expenses | $0 |
| Total functional expenses | $23,741,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,482,841 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,244,892 |
| 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 | $567,000 |
| Investments—publicly traded securities | $195,474,873 |
| Investments—other securities | $103,686,167 |
| Investments—program-related | $190,000 |
| Intangible assets | $0 |
| Other assets | $32,103,036 |
| Total assets | $352,748,809 |
| Accounts payable and accrued expenses | $1,965,849 |
| Grants payable | $3,413,854 |
| 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 | $151,855 |
| Total liabilities | $5,531,558 |
| 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 | $347,217,251 |
Grants Awarded
Over the last fiscal year, Indianapolis Foundation Inc has awarded $22,908,346 in support to 368 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: 2021 Authorized Special Distribution | $2,742,615 |
Indianapolis, IN PURPOSE: MS Gift PM The Ursa Minor Fund | $1,645,943 |
Indianapolis, IN PURPOSE: 2021 Distribution | $1,209,429 |
Indianapolis, IN PURPOSE: To Be Used at the Organization's Discretion | $784,950 |
Indianapolis, IN PURPOSE: To Be Used at the Organization's Discretion | $780,000 |
Indianapolis, IN PURPOSE: To Be Used at the Organization's Discretion | $652,775 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Indianapolis Foundation Inc has recieved totaling $17,157.
| Awarding Organization | Amount |
|---|---|
Meyer S Efroymson Tr Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $17,157 |
Endowment Analysis
| Beg. Balance | $255,644,274 |
| Earnings | $13,974,509 |
| Admin Expense | $2,687,289 |
| Grants | $10,615,327 |
| Ending Balance | $256,316,167 |
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 |