Ball State University Foundation
Ball State University Foundation reported $30.2 million in revenue and $37.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $73.54 went to program services, $14.68 to management and general costs and $11.78 to fundraising. Its largest source of revenue was contributions and grants: 89.4% of the total. The highest compensation it reported for one person was $680,526 (EX-OFFICIO VICE CHAIR & PRES.). 13 people received more than $100,000 in reportable compensation. Revenue rose 18% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $38MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $30MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 73.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 11.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.16 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 89.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $680,526 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.80% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 13 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 134.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 33 of 37 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseSupport of facilities and equipment to enhance the educational opportunities and environment for Ball State University students
Support is provided to Ball State University in the following areas academic programs, advancement and development, faculty support, research, faculty and student recruitment, public service, external relationships, artwork, library materials, and athletics. These programs serve to enhance the educational experience
Scholarships and financial aid are provided to students at Ball State University to further their educational goals. During fiscal year 2025, the foundation provided over $25 million to Ball State University, including 1,860 scholarships impacting over 1,500 students
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EX-OFFICIO VICE CHAIR & PRES. Director/trustee, officer, 1.0 hrs/week | $0 | $606,100 | $74,426 | $680,526 |
| VP OF FINANCE & TREASURER (End 02/25) Director/trustee, 1.0 hrs/week | $0 | $303,899 | $42,800 | $346,699 |
| PRESIDENT Director/trustee, officer, 51.0 hrs/week | $307,156 | $0 | $33,182 | $340,338 |
| CHIEF ADVANCEMENT OFFICER Key employee, 51.0 hrs/week | $224,189 | $0 | $29,125 | $253,314 |
| CFO, TREASURER Officer, 51.0 hrs/week | $189,133 | $0 | $32,517 | $221,650 |
| SR DIR DEVELOPMENT PRINCIPAL GIFTS Key employee, 51.0 hrs/week | $173,417 | $0 | $26,995 | $200,412 |
| AVP FOR ALUMNI ENGAGEMENT Key employee, 51.0 hrs/week | $162,243 | $0 | $23,016 | $185,259 |
| AVP FOR DEVELOPMENT Highest compensated employee, 51.0 hrs/week | $149,128 | $0 | $15,196 | $164,324 |
13 people received more than $100,000 in reportable compensation from Ball State University Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b37 · 33 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 598
- Volunteers Part I, line 639
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses onlyIndividuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
31 private foundations reported grants to Ball State University Foundation totaling $40M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Ball State University Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Ball State University Foundation, you can publish a response that is linked from this page.
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Of every $100 Ball State University Foundation spent in FY2025, $73.54 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Ball State University Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Ball State University Foundation reported that 73.5% of its $37.7 million in expenses went to program services, 14.7% to management and general and 11.8% to fundraising (Form 990, Part IX).
How much does Ball State University Foundation pay its top executive?
The largest total compensation Ball State University Foundation reported for one person in the fiscal year ending June 30, 2025 was $680,526, for the role of EX-OFFICIO VICE CHAIR & PRES. (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Ball State University Foundation get its money?
Of $30.2 million in revenue in the fiscal year ending June 30, 2025, 89.4% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Ball State University Foundation a registered charity?
The IRS lists EIN 35-6024566 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601319349301860 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541289349303389 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202430909349300218 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311319349304041 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201339349302745 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141339349303669 · read the filing
All filings for EIN 35-6024566: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.