Indiana State University Foundation
Also known as Indiana State University Foundation
Indiana State University Foundation reported $19.4 million in revenue and $15.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $88.44 went to program services, $9.50 to management and general costs and $2.06 to fundraising. Its largest source of revenue was contributions and grants: 58.8% of the total. The highest compensation it reported for one person was $256,817 (CEO). Revenue rose 103% 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 $16MFor 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 $19M- Contributions & grants (non-government)$58.24 $11M
- Program service revenue$7.42 $1.5M
- Investment income$34.34 $6.7M
Other revenue was negative: −$191K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.1% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 58.8% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 7.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $256,817 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.65% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 120.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 31 of 32 | 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 expenseRestricted and designated expenditures - gifts received for specified purposes and expended for these purposes which provide support to educational and athletic programs including the bailey college of engineering and technology, college of arts and sciences, scott college of business, bayh college of education, and college of health and human services
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 |
|---|---|---|---|---|
| CEO Director/trustee, officer, 37.5 hrs/week | $0 | $224,792 | $32,025 | $256,817 |
| Assc VP Univ Advancement Highest compensated employee, 37.5 hrs/week | $0 | $121,215 | $31,931 | $153,146 |
| Planned/Principal gifts ex dir Highest compensated employee, 37.5 hrs/week | $0 | $112,781 | $29,352 | $142,133 |
| Controller Officer, 37.5 hrs/week | $0 | $94,411 | $9,568 | $103,979 |
| Assistant Secretary Officer, 37.5 hrs/week | $0 | $47,370 | $13,726 | $61,096 |
0 people received more than $100,000 in reportable compensation from Indiana State University Foundation (Part VII, line 2).
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–1b32 · 31 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 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 545
- Volunteers Part I, line 6183
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses onlyIndividuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
16 private foundations reported grants to Indiana State University Foundation totaling $6.9M 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 Indiana 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 Indiana State University Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Indiana State University Foundation spent in FY2025, $88.44 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Gabriella Charter SchoolsLos Angeles, CA · revenue $19M · programs 81.5% · FY2025
- Amistad AcademyNew Haven, CT · revenue $19M · programs 92.0% · FY2025
- Chapel Hill-Chauncy Hall SchoolWaltham, MA · revenue $19M · programs 80.2% · FY2025
- Michigan Association of Intermediate School AdministratorsLansing, MI · revenue $19M · programs 94.7% · FY2025
- Friendship Aspire ArkansasLittle Rock, AR · revenue $19M · programs 68.0% · FY2025
Questions people ask
How much of Indiana State University Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Indiana State University Foundation reported that 88.4% of its $15.6 million in expenses went to program services, 9.5% to management and general and 2.1% to fundraising (Form 990, Part IX).
How much does Indiana State University Foundation pay its top executive?
The largest total compensation Indiana State University Foundation reported for one person in the fiscal year ending June 30, 2025 was $256,817, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Indiana State University Foundation get its money?
Of $19.4 million in revenue in the fiscal year ending June 30, 2025, 58.8% came from contributions and grants and 7.5% from program service revenue (Form 990, Part VIII).
Is Indiana State University Foundation a registered charity?
The IRS lists EIN 35-6045550 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), 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 202641349349311619 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531359349311848 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431359349303528 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349305829 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231339349306053 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131379349305663 · read the filing
All filings for EIN 35-6045550: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.