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Indiana State University Foundation Inc

Indiana State University Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 356045550 ✦ Terre haute, IN ✦ Designated as a 501(c)(3)

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Overview

What is Indiana State University Foundation Inc?

Indiana State University Foundation Inc is a Terre Haute, Indiana-based nonprofit organization with a mission to secure and preserve private resources for the betterment of Indiana State University and its students. With a workforce of 32 employees, the foundation supports various 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, through restricted and designated expenditures for specified purposes. The foundation's efforts enable donors to observe the impact of their philanthropy.


Official website here: www.indstate.edu/give

What are the reviews and ratings of this charity?

Charity Navigator rating: 100%, Four-Star out of Four Star rating.

The Indiana State University Foundation Inc has earned an impressive Four-Star rating from Charity Navigator, indicating exceptional accountability and financial health. With a score purely derived from its Accountability & Finance beacon, the foundation demonstrates robust governance practices, featuring a board comprised entirely of independent members and a strong commitment to transparency through publicly available financial documents.

Strengths of the organization include rigorous oversight mechanisms, such as an Audit and Oversight Committee, and well-established policies regarding conflict of interest and whistleblowing. Financially, the foundation showcases an excellent ratio of program expenses to total expenses, indicating that a significant majority of its funds are directed toward its mission. Its fundraising efficiency is also notably high, with minimal costs incurred in raising funds.

While the data reflects strong organizational performance, it's essential for potential donors and stakeholders to continue monitoring the foundation's practices to ensure ongoing transparency and effectiveness in fulfilling its mission. Overall, the Indiana State University Foundation Inc stands out as a financially sound and well-governed nonprofit.


This AI summary has been generated from information found on Charity Navigator.

Is Indiana State University Foundation Inc legitimate?

Indiana State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana State University Foundation 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: $48,000
Other Salaries and Wages: $19,681

For more financial information, click here


Official website here: www.indstate.edu/give

What is the mission statement of Indiana State University Foundation Inc?

The Indiana State University Foundation Inc is dedicated to acquiring and preserving private resources for the advantage of Indiana State University and its students. Its mission goes beyond just securing funds; it also offers donors the opportunity to witness and experience the impact of their philanthropy firsthand.

The Foundation manages and allocates funds for specified purposes, primarily supporting educational and athletic programs at the university. These include 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. By doing so, it contributes to the overall betterment of the university and the students it serves.


Official website here: www.indstate.edu/give

Who is the CEO of Indiana State University Foundation Inc?

Andrea L Angel is the Ceo of Indiana State University Foundation Inc. The CEO's salary of Indiana State University Foundation Inc is $0 and their total compensation is $235,480.


Official website here: www.indstate.edu/give

What is the revenue of Indiana State University Foundation Inc?

Indiana State University Foundation Inc's revenue in 2022 was $21,567,754.


Official website here: www.indstate.edu/give

Who are the executives of Indiana State University Foundation Inc and what are their salaries?

The average compensation at Indiana State University Foundation Inc during 2022 was $615. There are 32 employees and 123 volunteers at Indiana State University Foundation Inc.


Here are 43 key members and their salaries (Indiana State University Foundation Inc's CEO's salary is $0 and their total compensation is $235,480):


Andrea Angel (Ceo)
  • Compensation: $0
  • Related: $200,309
  • Other: $35,171
Jeremiah Turner (Assc Vp Univ Advancement)
  • Compensation: $0
  • Related: $113,425
  • Other: $28,664
Kenneth Menefee (Planned/Principal Gifts Ex Dir)
  • Compensation: $0
  • Related: $105,704
  • Other: $26,264
Rex Kendall (Alumni Engagement Ex Director)
  • Compensation: $0
  • Related: $102,235
  • Other: $18,026
Alfred Perone (Alumni Engag Asst Dir Outreach)
  • Compensation: $0
  • Related: $102,606
  • Other: $7,153
Jessica Zhang (Controller (End 6/21))
  • Compensation: $0
  • Related: $61,446
  • Other: $5,244
Daniel Palmer (Assistant Secretary)
  • Compensation: $0
  • Related: $50,911
  • Other: $11,685
Lucy Lunsford (Controller (Beg 7/21))
  • Compensation: $0
  • Related: $25,811
  • Other: $2,570
Christine M Hill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel J Riley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Curtis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Dudine (Immediate Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Boulet (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gordon Tanner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Bart Colwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James E Sunday (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jo Einstandig (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Crouch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Evelo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith W Dicky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Pellegrini (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marie C Shanks (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Mcguire (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul A Chaney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randall Minas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard R Porter (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Watson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Druley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Osburn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troy Helman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Bailey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Cabello (Chair, Trustees)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Heck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Travis Kendall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Lowe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Lima (Chair, Alumni Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandy Senior-Dauer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Steenberg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lindsay Stegar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Theil (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Wittman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.indstate.edu/give

Where can I find the form 990 for Indiana State University Foundation Inc?

Indiana State University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.indstate.edu/give

Learn more at the official website: www.indstate.edu/give

Mission Statement of Indiana State University Foundation Inc

The Indiana State University Foundation Inc is a philanthropic organization dedicated to securing and preserving private resources for the betterment of Indiana State University and its students. By doing so, it enables donors to witness and experience the impact of their generosity firsthand.

The Foundation's mission is multifaceted. It focuses on managing funds for specific purposes, ensuring they are allocated to support the educational and athletic programs at Indiana State University. These programs include the Bailey College of Engineering and Technology, the College of Arts and Sciences, the Scott College of Business, the Bayh College of Education, and the College of Health and Human Services.

Through its mission, the Indiana State University Foundation Inc plays a pivotal role in enhancing the academic experience for students at the university. The resources it secures provide essential funding for various educational initiatives, contributing to the overall growth and development of the institution.

In essence, the Indiana State University Foundation Inc serves as a bridge between donors and the university, ensuring that private funds are used effectively and efficiently to support the academic and athletic programs that benefit Indiana State University students.

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Impact




October, 2024

Indiana State University Foundation Inc plays a vital role in enhancing the educational landscape and student experience at Indiana State University. By securing and preserving private resources, the foundation supports a variety of academic and athletic programs across multiple colleges, 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.

The foundation ensures that gifts are directed toward specified purposes, providing critical funding that enriches educational opportunities and resources for students. This financial support aids in the continuous improvement of academic programs, promotes innovation in teaching and learning, and enhances the overall campus experience. Moreover, the foundation actively engages with donors, allowing them to see the tangible impact of their contributions. Through these efforts, the foundation significantly contributes to the betterment of Indiana State University and fosters a culture of philanthropy that benefits current and future generations of students.




This information is meant to be a general summary of Indiana State University Foundation 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.

Revenue
$21,567,754 (2022)
Expenses
$10,008,908 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7,271,203
  • Program Service Revenue: $719,611
  • Gross Receipts: $33,662,896

Assets and Liabilities:

  • Total Assets: $114,718,203
  • Total Liabilities: $8,705,529
  • Net Assets: $106,012,674

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

OTHER PROGRAM SERVICES

Revenue

$719,611

Organization Details

Founding Year

1928

Principal Officer

Andrea L Angel

Main Address

30 N Fifth Street, Terre Haute, IN, 47809

NTEE Category

Code: B110 - Education

If you are a representative of Indiana State University Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.