Tke Foundation Inc
- Assets
- $9.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 10/1975
- Data as of
- 05/2022
- EIN
- 51-0166412
Organization Overview
Tke Foundation Inc is located in Indianapolis, IN. The organization was established in 1975. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tke 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 05/2022, Tke Foundation Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.5m during the year ending 05/2022. While expenses have increased by 3.3% 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 2017, Tke Foundation Inc has awarded 11 individual grants totaling $2,248,094. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AND SUPPORT SCHOLARSHIPS AND LEADERSHIP TRAINING PROGRAMS WHICH PROMOTE ACADEMIC ACHIEVEMENT AND STRENGTHEN MORAL, SOCIAL AND COMMUNITY VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALUMNI DEVELOPMENT - PROMOTING ALUMNI COMMUNICATIONS AND CREATING RELATIONSHIPS DESIGNED TO ENLIST ALUMNI VOLUNTEER COMMITMENTS TO FOSTER MEMBER EDUCATION ENDEAVORS.
UNDERGRADUATE PROGRAMS - DEVELOP AND PROVIDE EDUCATIONAL, LEADERSHIP DEVELOPMENT, AND SCHOLASTIC PROGRAMMING FOR COLLEGIATE MEMBERS THROUGH THE SPONSORSHIP OF TKE EDUCATIONAL PROGRAMMING.UNDERGRADUATE PROGRAMS INCLUDES THE LEADERSHIP ACADEMY, A LEADERSHIP TRAINING PROGRAM FOR COLLEGIATE MEMBERS OF TKE. IT IS DESIGNED TO DEVELOP LEADERSHIP SKILLS, TO PROVIDE OPPORTUNITIES TO INTERACT WITH LEADERS OF OTHER TKE CHAPTERS, AND TO EXPLORE FRATERNAL AND SOCIETAL ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Strathmann Chief Executive Officer | Officer | 40 | $190,127 |
John B Phillips Vice-Chairman | OfficerTrustee | 1 | $0 |
David L Bohline Vice-Chairman | OfficerTrustee | 1 | $0 |
Daniel Pelletier Vice-Chairman | OfficerTrustee | 1 | $0 |
Richard Pisano Secretary | OfficerTrustee | 1 | $0 |
James E Crockard III Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,270 |
| Related organizations | $0 |
| Government grants | $84,872 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,786,999 |
| Noncash contributions included in lines 1a–1f | $396,266 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,899,141 |
| Total Program Service Revenue | $0 |
| Investment income | $205,318 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,615 |
| Net Income from Fundraising Events | -$31,197 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,064,647 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $471,469 |
| Grants and other assistance to domestic individuals. | $79,609 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $216,158 |
| Compensation of current officers, directors, key employees. | $86,463 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $313,522 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,310 |
| Fees for services: Accounting | $17,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,046 |
| Fees for services: Other | $23,148 |
| Advertising and promotion | $0 |
| Office expenses | $82,289 |
| Information technology | $93,322 |
| Royalties | $0 |
| Occupancy | $18,000 |
| Travel | $43,683 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,493 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,551 |
| Insurance | $8,159 |
| All other expenses | $0 |
| Total functional expenses | $1,460,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $589,233 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $656,395 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,404,201 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,501 |
| Net Land, buildings, and equipment | $14,151 |
| Investments—publicly traded securities | $6,666,333 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $289,227 |
| Total assets | $9,659,041 |
| Accounts payable and accrued expenses | $55,849 |
| 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 | $36,957 |
| Total liabilities | $92,806 |
| Net assets without donor restrictions | -$402,668 |
| Net assets with donor restrictions | $9,968,903 |
| 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 | $9,659,041 |
Grants Awarded
Over the last fiscal year, Tke Foundation Inc has awarded $590,548 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: EDUCATIONAL GRANTS | $281,000 |
Indianapolis, IN PURPOSE: EDUCATIONAL GRANTS | $281,000 |
Seattle, WA PURPOSE: SUPPORT FOR TKE BUILDINGS | $14,274 |
Seattle, WA PURPOSE: SUPPORT FOR TKE BUILDINGS | $14,274 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Tke Foundation Inc has recieved totaling $80,509.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: TO SUPPORT THE CHI CHAPTER HOUSE PROJECT | $40,000 |
James And Melanie Crockard Foundation Canonsburg, PA PURPOSE: TKE LEADERSHIP ACADEMY - 4 OF 5 YEAR PLEDGE | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,950 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,195 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $689 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $350 |
Endowment Analysis
| Beg. Balance | $4,246,355 |
| Earnings | -$220,800 |
| Net Contributions | $112,972 |
| Other Expense | $114,493 |
| Ending Balance | $4,024,034 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Blanche Ebert Seaver Trust For Frank R Seaver College Chicago, IL | $130,613,951 | $5,090,055 |
William Rainey Harper College Educational Foundation Palatine, IL | $50,154,930 | $4,699,112 |