2024-03-30T17:09:21-05:00 2023-06-30 FORVIS LLP 201 N Illinois Street Indianapolis IN 46204 990 2022-07-01 356024566 BALL STATE UNIVERSITY FOUNDATION INC % AMY MCCLURE BALL 7652858312 2800 W BETHEL AVENUE MUNCIE IN 47304 JEAN KRAMER CROSBY PRESIDENT 2604604000 2024-05-15 true JEAN KRAMER CROSBY 999009999 NICOLE B FISHBACK P01279475 3173834000 2024-05-15 3 2022 2023-04-26 12:10:37Z JEAN KRAMER CROSBY PRESIDENT 2800 WEST BETHEL AVENUE MUNCIE IN 47304 44616023 false X WWW.BSU.EDU/BSUFOUNDATION X 1950 IN TO MAXIMIZE SUSTAINABLE SUPPORT FOR BALL STATE UNIVERSITY BY OBTAINING, INVESTING, AND ADMINISTERING GIFT SUPPORT AND PRUDENTLY DISCHARGING ITS FIDUCIARY OBLIGATIONS. 33 29 102 30 277333 0 36222749 19855265 0 123990 2770407 -8570 109374 43913 39102530 20014598 15843489 14226074 0 0 6565798 6967183 0 0 4058562 3190161 3716353 25599448 24909610 13503082 -4895012 327636932 343394231 19324740 17604346 308312192 325789885 X OUR MISSION IS TO MAXIMIZE SUSTAINABLE SUPPORT FOR BALL STATE UNIVERSITY BY OBTAINING, INVESTING, AND ADMINISTERING PRIVATE GIFT SUPPORT AND PRUDENTLY DISCHARGING ITS FIDUCIARY OBLIGATIONS TO THE UNIVERSITY, DONORS, AND DESIGNATED BENEFICIARIES. THE BALL STATE UNIVERSITY FOUNDATION WILL SUPPORT THE CONTINUING DEVELOPMENT OF BALL STATE UNIVERSITY BY CONTINUING TO BE A FOUNDATION OF EXCELLENCE, PROMOTING AND FACILITATING A CULTURE OF PHILANTHROPY, SERVICE, VOLUNTEER LEADERSHIP, AND EXEMPLARY FIDUCIARY RESPONSIBILITY. false false 3962368 3962368 SCHOLARSHIPS AND FINANCIAL AID ARE PROVIDED TO STUDENTS AT BALL STATE UNIVERSITY TO FURTHER THEIR EDUCATIONAL GOALS. 3442193 3442193 SUPPORT OF FACILITIES AND EQUIPMENT TO ENHANCE THE EDUCATIONAL OPPORTUNITIES AND ENVIRONMENT FOR BALL STATE UNIVERSITY STUDENTS. 8298595 6821513 123990 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. 15703156 true true false true false false false false false true true true false false true false false true false false false false false false false false false true false true false false false false false false true false true true false false false true true true false false true 34 0 true 102 true true true false false false false true true false false false false false false X 33 29 false false false false false false false true true false false true true true true true true true false false IN X X AMY MCCLURE 7652858312 2800 W BETHEL AVENUE MUNCIE IN 47304 Geoffrey Mearns Ex-Officio Vice Chair & Pres. 1.0 54.0 X X 0 514908 58184 Alan Finn VP of Finance & Treasurer 1.0 54.0 X 0 281674 30322 Jean Kramer Crosby President 51.0 4.0 X X 255420 0 30811 David Mark Helmus Chief Advancement Officer 51.0 0.0 X 211020 0 28023 Donald Ray Allen VP of Development 51.0 4.0 X 201383 0 20893 Stephen Wachtmann AVP of Finance & Treasurer 51.0 4.0 X 152337 0 27410 Carmella Hise AVP for Development 51.0 0.0 X 134855 0 13804 Lola Mauer AVP for Alumni Engagement 51.0 0.0 X 129922 0 17711 Mary SeRine Sr Exec Dir of Advancement 51.0 0.0 X 101434 0 6174 Beth Alexander Assistant Secretary 51.0 0.0 X 84544 0 9672 VINCE M BERTRAM BOARD MEMBER 1.0 0.0 X 0 0 0 MICHELLE A RYAN BOARD MEMBER 1.0 0.0 X 0 0 0 Timothy M Andrews Board Member 1.0 0.0 X 0 0 0 Katherine A Arbuckle Board Member 1.0 0.0 X 0 0 0 Thomas B Bryan Board Member 1.0 0.0 X 0 0 0 Marsha J Casey Board Member 1.0 0.0 X 0 0 0 E Renae Conley Board Member 1.0 0.0 X 0 0 0 W Craig Dobbs Board Member 1.0 0.0 X 0 0 0 Katherine M Doerksen Board Member 1.0 0.0 X 0 0 0 Donald D Dumoulin II Board Member 1.0 0.0 X 0 0 0 Eric J Foss Board Member 1.0 0.0 X 0 0 0 Julie K Griffith Board Member 1.0 0.0 X 0 0 0 Jo Ann M Gora Board Member 1.0 0.0 X 0 0 0 Richard J Hall Board Member 1.0 0.0 X 0 0 0 Sheri L Kendall Board Member 1.0 0.0 X 0 0 0 Jill S Lacy Board Member 1.0 0.0 X 0 0 0 Kelli A Lawrence Board Member 1.0 0.0 X 0 0 0 Michael D McDaniel Board Member 1.0 0.0 X 0 0 0 Randy D Phillips Board Member 1.0 0.0 X 0 0 0 Betsy M Ross Board Member 1.0 0.0 X 0 0 0 Dwight D Smith Board Member 1.0 0.0 X 0 0 0 Daniel J Towriss Board Member 1.0 0.0 X 0 0 0 Bente M Weitekamp Board Member 1.0 0.0 X 0 0 0 Damita J Williams Board Member 1.0 0.0 X 0 0 0 James R Williams Board Member 1.0 0.0 X 0 0 0 Kyle J Williams Board Member 1.0 0.0 X 0 0 0 Michael C Ray Chair 1.0 2.0 X X 0 0 0 Patrick J Alderice Chair Elect 1.0 2.0 X X 0 0 0 Marla K Templeton Immediate Past Chair 1.0 2.0 X X 0 0 0 David W Heeter Secretary 1.0 2.0 X X 0 0 0 1270915 796582 243004 8 false true false FORVIS PO BOX 200870 DALLAS TX 753200870 ACCOUNTING SERVICES 122235 GOLDMAN SACHS 71 WACKER DR SUITE 1200 CHICAGO IL 60606 INVESTMENT ADVISOR 642296 AGILITY 7979 E TUFTS AVENUE SUITE 700 DENVER CO 80237 INVESTMENT ADVISOR 346063 3 1847108 18008157 5366706 19855265 OTHER INCOME 900099 123990 123990 123990 990109 277333 712776 0 43913 43913 0 0 0 23602746 24601425 -998679 -998679 -998679 0 0 0 0 0 0 0 0 0 0 20014598 123990 277333 -241990 14226074 14226074 0 0 0 560195 334572 225623 101101 101101 4560317 2723615 1836702 458207 286934 171273 925585 579611 345974 361778 226549 135229 0 207806 120527 87279 122235 122235 22386 22386 0 1477082 1477082 0 0 435069 116579 318490 420354 6019 414335 0 41724 40506 1218 8195 2508 5687 0 125944 83833 42111 86346 86346 0 136862 27274 109588 48971 48971 DONOR CULTIVATION 243503 14737 228766 COMMEMORATIVE ITEMS 232719 216661 16058 MISCELLANEOUS 107157 9314 97843 24909610 15703156 5147892 4058562 0 0 1558027 1107923 30036196 22589555 10127048 10130088 0 0 0 0 0 0 0 0 103231 217464 1357556 1129427 245676 228129 185913700 215843559 86285773 80302628 0 0 0 0 13367281 12974885 327636932 343394231 1131722 1191513 3224205 3143049 0 0 0 0 0 0 0 0 9875000 9375000 0 0 5093813 3894784 19324740 17604346 X 6004501 30889823 302307691 294900062 308312192 325789885 327636932 343394231 X -4895012 22714838 -342133 X false true X true false X 18958454 24236059 33335203 36222749 19855265 132607730 0 0 18958454 24236059 33335203 36222749 19855265 132607730 12692135 119915595 210518 45009 402074 618248 1034022 2309871 0 205749 167233 126378 120845 123990 744195 135661796 0.88393 0.90727 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 22386 22386 false Part II-B, Line 1I THE DUES PAID TO VINCENNES UNIVERSITY FOUNDATION RELATE TO JOINT EXPENSE FOR LOBBYING EFFORTS FOR THE BENEFIT OF HIGHER EDUCATION. 244087219 6632027 -6330458 3209350 242147 240937291 242459242 11775233 -6295862 3568653 282741 244087219 205878913 7150360 32708200 3278231 242459242 203245977 5089651 2447736 4904451 205878913 203275470 5205740 2134559 7369792 203245977 0.03000 0.67000 0.30000 false false 99770 99770 181900 94500 87400 1075886 1034927 40959 228129 HEDGE FUNDS 12209227 F REAL ESTATE 16749649 F NATURAL RESOURCES 1063000 F PRIVATE EQUITY & VENTURE CAP. 50280752 F 80302628 0 ANNUITY OBLIGATIONS 2091110 TRUST OBLIGATIONS 573812 OPERATING LEASE LIABILITY 1117640 UNIVERSITY PAYABLE 112222 LINE OF CREDIT 0 3894784 40910221 22714838 22714838 18195383 1477082 342133 1819215 20014598 23432528 23432528 1477082 1477082 24909610 SCHEDULE D, PART V, LINE 4 INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS: THE FOUNDATION IS THE BENEFICIARY OF CHARITABLE REMAINDER TRUSTS AND VARIOUS PERPETUAL TRUSTS ADMINISTERED BY OUTSIDE PARTIES. THE FOUNDATION'S ENDOWMENT CONSISTS OF NUMEROUS INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SCHOLARSHIPS AND FINANCIAL AID EXPENSES, FACULTY COMPENSATION AND SUPPORT EXPENSES, ACADEMIC PROGRAM EXPENSES, RESEARCH EXPENSES, PUBLIC SERVICE EXPENSES, ATHLETICS, RECRUITMENT, PUBLIC SERVICE, EXTERNAL RELATIONS, ARTWORK, LIBRARY MATERIALS AND OTHER PROGRAMS MANAGED PER THE DONOR AGREEMENT. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS AND OTHER ITEMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT. SCHEDULE D, PART X, LINE 2 ASC 740 DISCLOSURE: Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. SCHEDULE D, PART XI, LINE 4B RECONCILIATION OF REVENUE: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ 208,262 CHANGE IN DONOR ALLOCATION $ 133,871 TOTAL $ 342,133 true Ball State University 2000 W UNIVERSITY AVENUE MUNCIE IN 47306 356000221 115 3962368 SCHOLARSHIPS BALL STATE UNIVERSITY 2000 W UNIVERSITY AVENUE MUNCIE IN 47306 356000221 115 10263706 GENERAL SUPPORT 1 SCHEDULE I, PART 1, LINE 2 PROCEDURES FOR MONITORING USE OF GRANTS FUND IN THE US: SUPPORT TO BALL STATE UNIVERSITY IS PROVIDED THROUGH TRANSFER OF CASH OR NONCASH ITEMS. THE USE OF THE SUPPORT IS SPECIFIED AT THE TIME OF THE TRANSFER. SCHOLARSHIPS ARE PROVIDED TO BALL STATE UNIVERSITY TO BE APPLIED AS A CREDIT TO THE STUDENT ACCOUNT. THE FOUNDATION AND THE UNIVERSITY RECONCILE THEIR ACCOUNTS TO BE SURE THAT ALL ITEMS WERE RECORDED PROPERLY. X X X true true X X X false false false false false false false true false Geoffrey Mearns Ex-Officio Vice Chair & Pres. 0 504585 0 7500 0 2823 0 53507 0 4677 0 573092 Alan Finn VP of Finance & Treasurer 0 281674 0 0 0 0 0 19881 0 10441 0 311996 Jean Kramer Crosby President 255420 0 0 0 0 0 26628 0 4183 0 286231 0 David Mark Helmus Chief Advancement Officer 209520 0 1500 0 0 0 22447 0 5576 0 239043 0 Donald Ray Allen VP of Development 199883 0 1500 0 0 0 10450 0 10443 0 222276 0 Stephen Wachtmann AVP of Finance & Treasurer 152337 0 0 0 0 0 16955 0 10455 0 179747 0 SCHEDULE J, PART I, LINE 1A CHARTER TRAVEL AND TRAVEL FOR COMPANIONS IS A BENEFIT MADE AVAILABLE TO SELECT OFFICERS AND DIRECTORS WHEN THERE IS ROOM AVAILABLE ON THE CHARTER PLANE USED BY THE ATHLETIC DEPARTMENT. THIS USE IS ONLY FOR BUSINESS PURPOSES. COUNTRY CLUB DUES WERE PROVIDED FOR SELECT OFFICERS AND DIRECTORS FOR BUSINESS USE. SCHEDULE J, PART I, LINE 7 BONUS PAYMENTS FOR THE FOLLOWING INDIVIDUALS ARE DETERMINED AT THE DISCRETION OF BALL STATE UNIVERSITY FOUNDATION: DAVID MARK HELMUS DONALD RAY ALLEN CARMELLA HISE LOLA MAUER KELSEY KELLY DAUGHTER OF DON DUMOULIN 101101 PAYROLL true X 5 813464 APPRAISAL X 57 FAIR MARKET VALUE X 31 4356602 STOCK QUOTE X 13 196583 FAIR MARKET VALUE 1 false true false SCHEDULE M, PART I, COLUMN B NUMBER OF CONTRIBUTORS: BALL STATE UNIVERSITY FOUNDATION REPORTS THE NUMBER OF CONTRIBUTORS IN COLUMN B. FORM 990, PART IV, QUESTION 12 & PART XII, QUESTION 2 THE AUDITED FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ON A CONSOLIDATED BASIS WITH CARDINAL FUNDS AND CARDINAL PROPERTIES, AND COMBINED WITH BALL STATE UNIVERSITY ALUMNI ASSOCIATION, INC. BALL STATE UNIVERSITY FOUNDATION HAS ESTABLISHED A COMMITTEE FOR THE OVERSIGHT OF THE AUDIT. FORM 990, PART VI, QUESTION 1B JEAN K. CROSBY IS A PAID EMPLOYEE OF BALL STATE UNIVERSITY FOUNDATION. GEOFFREY MEARNS AND ALAN FINN ARE PAID EMPLOYEES OF BALL STATE UNIVERSITY, A RELATED ORGANIZATION. DON DUMOULIN HAS A BUSINESS TRANSACTION INVOLVING INTERESTED PERSONS REPORTED ON SCHEDULE L. THESE FOUR INDIVIDUALS ARE CONSIDERED NON-INDEPENDENT. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990: THE FORM 990 AND RELATED SCHEDULES ARE APPROPRIATELY REVIEWED BY THE AUDIT COMMITTEE AND AN INDEPENDENT ACCOUNTING FIRM. THE FORM 990 AND SCHEDULES ARE THEN PROVIDED TO THE FULL BOARD PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INT. POLICY: AN ANNUAL QUESTIONNAIRE IS REQUIRED TO BE COMPLETED BY EVERY OFFICER, DIRECTOR AND KEY EMPLOYEE. THE QUESTIONNAIRE REQUIRES ALL INTERESTED PERSONS TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. UPON DISCLOSURE OF AN INTEREST, THE BOARD DISCUSSES THE POTENTIAL CONFLICT WITHOUT THE INTERESTED PERSON PRESENT TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. THE BOARD THEN DETERMINES THE APPROPRIATE ACTION AFTER ANALYZING THE CONFLICT, INCLUDING RECUSAL FROM DISCUSSIONS RELATING TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A PROCESS TO DETERMINE TOP MANAGEMENT OFFICIAL COMPENSATION: AN ANNUAL REVIEW IS PERFORMED FOR THE PRESIDENT. THIS REVIEW ANALYZES COMPENSATION AS WELL AS GOALS AND OBJECTIVES SET FORTH AND ACCOMPLISHED. A COMPARABILITY STUDY IS PERFORMED WITH INFORMATION FROM FORM 990S OF SIMILAR ORGANIZATIONS. THE INFORMATION COLLECTED IS REVIEWED BY THE BALL STATE UNIVERSITY PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC: BALL STATE UNIVERSITY FOUNDATION MAKES GOVERNING DOCUMENTS, FORM 990, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCE: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -$208,262 CHANGE IN DONOR ALLOCATION -$133,871 TOTAL -$342,133 BALL STATE UNIVERSITY 2000 W UNIVERSITY MUNCIE IN 47304 356000221 EDUCATION IN 115 NA false CARDINAL FUNDS 2800 WEST BETHEL AVENUE MUNCIE IN 47304 205733080 INVESTMENTS IN 501(C)(3) 7 BS UNIV FDN true CARDINAL PROPERTIES 2800 WEST BETHEL AVENUE MUNCIE IN 47304 201872207 REAL ESTATE IN 501(C)(3) 12A BS UNIV FDN true BALL STATE UNIVERSITY ALUMNI ASSOCIATION 2000 W UNIVERSITY MUNCIE IN 47304 270458828 ALUMNI SPT IN 501(C)(3) 5 NA false CHARITABLE REMAINDER TRUSTS (5) CHARITABLE TR IN NA TRUST false true true false false false false false false false true false false true true true false false true BALL STATE UNIVERSITY ALUMNI ASSOCIATION S 39390 FMV BALL STATE UNIVERSITY K 158410 FMV CARDINAL FUNDS C 137959 FMV CARDINAL PROPERTIES C 169359 FMV BALL STATE UNIVERSITY C 1539790 FMV