Indianapolis Foundation Inc
- Assets
- $420.5m
- Revenue
- $43.6m
- Investments
- $124.2m
- Employees
- 31
- Location
- Indianapolis, IN
- Founding
- 04/2013
- Data as of
- 12/2021
- 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 12/2023, Indianapolis Foundation Inc employed 31 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 12/2021, Indianapolis Foundation Inc generated $43.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $31.3m during the year ending 12/2021. While expenses have increased by 8.3% 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 2014, Indianapolis Foundation Inc has awarded 3,118 individual grants totaling $202,481,760. 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 MOBILIZE PEOPLE, IDEAS, AND INVESTMENTS TO MAKE THIS A COMMUNITY WHERE ALL INDIVIDUALS HAVE EQUITABLE OPPORTUNITY 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 PROVIDE LEADERSHIP TO MAKE CENTRAL INDIANA A BETTER, MORE BEAUTIFUL, MORE EQUITABLE COMMUNITY.
WE AWARD GRANTS TO EFFECTIVE NOT-FOR-PROFIT ORGANIZATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Vice-Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,059,584 |
| Investment income | $4,638,217 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,123,945 |
| Net Income from Fundraising Events | -$175,507 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,624,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $130,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $533,936 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,264,208 |
| Pension plan accruals and contributions | $464,724 |
| Other employee benefits | $269,578 |
| Payroll taxes | $128,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,046 |
| Fees for services: Accounting | $51,171 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,300,152 |
| Fees for services: Other | $63,168 |
| Advertising and promotion | $31,843 |
| Office expenses | $38,168 |
| Information technology | $168,217 |
| Royalties | $0 |
| Occupancy | $91,778 |
| Travel | $1,957 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,162 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $179,825 |
| Insurance | $32,999 |
| All other expenses | $0 |
| Total functional expenses | $31,327,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,772,614 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,817,679 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,405,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $567,000 |
| Investments—publicly traded securities | $228,437,171 |
| Investments—other securities | $124,192,323 |
| Investments—program-related | $190,000 |
| Intangible assets | $0 |
| Other assets | $36,108,262 |
| Total assets | $420,490,049 |
| Accounts payable and accrued expenses | $1,727,604 |
| Grants payable | $3,509,149 |
| 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 | $10,355,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $283,874,703 |
| Total liabilities | $299,466,456 |
| Net assets without donor restrictions | $83,193,204 |
| Net assets with donor restrictions | $37,830,389 |
| 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 | $121,023,593 |
Grants Awarded
Over the last fiscal year, Indianapolis Foundation Inc has awarded $42,770,208 in support to 441 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHAEOLOGY SOUTHWEST PURPOSE: To Be Used at the Organization's Discretion | $20,000 |
BALL STATE UNIVERSITY FOUNDATION PURPOSE: To Be Used at the Organization's Discretion | $506,345 |
BEN DAVIS UNIVERSITY HIGH SCHOOL LIBRARY PURPOSE: 2023 Collection development | $6,500 |
BPS FOUNDATION PURPOSE: UCSB NIL Program | $20,000 |
100 BLACK MEN OF INDIANAPOLIS INC PURPOSE: Charitable contribution | $7,807 |
500 FESTIVAL FOUNDATION PURPOSE: To Be Used at the Organization's Discretion | $27,000 |