Overview
What is Cardinal Funds Inc?
Cardinal Funds Inc, located in Muncie, Indiana, is a nonprofit organization primarily established to support scholarships and the mission of Ball State University and its foundation. The primary objective of Cardinal Funds is to manage funds for both organizations, providing financial assistance to current students, graduates, and other qualified exempt organizations that serve the university community, including alumni and staff. By holding these scholarship funds, Cardinal Funds Inc contributes to the educational success and growth of individuals affiliated with Ball State University and related institutions.
Is Cardinal Funds Inc legitimate?
Cardinal Funds Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cardinal Funds Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Cardinal Funds Inc?
Cardinal Funds Inc is established with the primary objective of managing funds to support the missions of Ball State University Foundation. The mission of Cardinal Funds Inc, in its capacity, is to maintain scholarship funds for current students or alumni of Ball State University, Indiana Academy, and Burris Laboratory School. Additionally, the organization holds funds for the benefit of other eligible exempt organizations that serve the university's students, faculty, and staff. In essence, Cardinal Funds Inc plays a significant role in supporting the educational community associated with Ball State University.
Who is the CEO of Cardinal Funds Inc?
Marla Templeton - Chair is the Principal Officer of Cardinal Funds Inc.
What is the revenue of Cardinal Funds Inc?
Cardinal Funds Inc's revenue in 2022 was $86,713.
Who are the executives of Cardinal Funds Inc and what are their salaries?
There 4 volunteers at Cardinal Funds Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $252,498
- Other: $30,258
- Compensation: $0
- Related: $179,323
- Other: $17,299
- Compensation: $0
- Related: $145,467
- Other: $26,191
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cardinal Funds Inc?
Cardinal Funds Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cardinal Funds Inc
Cardinal Funds Inc, a nonprofit organization, is established with the primary purpose of managing funds to support the missions of Ball State University Foundation. Its mission extends beyond this, as it also aims to hold scholarship funds for current students, graduates, and alumni of Ball State University, Indiana Academy, and Burris Laboratory School. Furthermore, Cardinal Funds Inc also manages funds for the benefit of other qualified exempt organizations that serve the university's students, faculty, and staff. In essence, the primary role of Cardinal Funds Inc is to support educational ventures and scholarships, thereby contributing to the wider mission of Ball State University and Ball State University Foundation.
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Impact
October, 2024
Cardinal Funds Inc plays a vital role in supporting education and empowering students at Ball State University and its associated institutions. By holding funds dedicated to scholarships, the organization significantly impacts the accessibility of higher education for current students and graduates, fostering academic growth and success.
The mission of Cardinal Funds Inc extends beyond mere financial support; it bolsters the objectives of the Ball State University Foundation, aligning resources with the needs of students, alumni, faculty, and staff. This strategic funding initiative not only alleviates the financial burden on students but also enhances the overall educational environment, contributing to a vibrant academic community.
In addition, Cardinal Funds Inc supports other qualified exempt organizations that benefit university stakeholders, ensuring a broader reach of its impact. Through these efforts, Cardinal Funds Inc strengthens educational opportunities and enhances the quality of life for the university community in Muncie, Indiana, and beyond.
This information is meant to be a general summary of Cardinal Funds Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$127,066
- Gross Receipts: $213,779
Assets and Liabilities:
- Total Assets: $2,579,849
- Total Liabilities: $0
- Net Assets: $2,579,849
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Organization Details
Founding Year
2008
Phone
(765) 285-8312Principal Officer
Marla Templeton - Chair
Main Address
2800 W BETHEL AVENUE, MUNCIE, IN, 47304
NTEE Category
Code: B11 - Education
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