Ball State University Foundation
67% goes to programs $7 to raise $100 Strong reserves Growing revenue
Ball State University Foundation is a 501(c)(3) organization based in Muncie, Indiana, registered in 1953, with $66,942,172 in FY2023 revenue. CharityIndex grades it B+, and it directs about 67% of spending to programs.
2800 W Bethel Ave, Muncie, IN, 47304 EIN 35-6024566 Since 1953
Revenue (FY2023)
$66.9M
▲ 234.5% vs prior year
Education median: $200K
Expenses (FY2023)
$30.2M
Net assets
$396.9M
Employees
93
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating67% to programs · $7 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Ball State University Foundation: 67% to programs · $7 to raise $100 earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating157 mo reserves · +55% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ball State University Foundation: 157 mo reserves · +55% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Ball State University Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ball State University Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To foster philanthropic support that aligns with ball state university's mission of engaging students in educational, research, and creative endeavors, enabling them to pursue fulfilling careers and meaningful lives.
What they do
Support of facilities and equipment to enhance the educational opportunities and environment for ball state university students.
Scholarships and financial aid are provided to students at ball state university to further their educational goals. during fiscal year 2024, the foundation provided over $18.6 million to ball state university, including 1,800 scholarships impacting over 1,400 students.
Contact & location
- Address
- 2800 W Bethel Ave, Muncie, IN, 47304
- City
- Muncie
- State
- Indiana
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $26.7M (FY2013) to $66.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $16.7MNet assets $396.9M
Operating margin
54.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$413.6M
Total liabilities
$16.7M
Net assets
$396.9M
Salaries & benefits
$7.2M
24% of expenses
Board members
38
34 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $66,942,172▲234% | $30,249,612▲21.4% | $396,904,452▲21.8% | $413,594,191▲20.4% | 990 |
| 2022 | $20,014,598▼48.8% | $24,909,610▼2.7% | $325,789,885▲5.7% | $343,394,231▲4.8% | 990 |
| 2021 | $39,102,530▲10.2% | $25,599,448▲4.2% | $308,312,192▼1.6% | $327,636,932▼0.8% | 990 |
| 2020 | $35,478,867▲38.4% | $24,559,056▲12.0% | $313,184,408▲31.3% | $330,356,166▲25.7% | 990 |
| 2019 | $25,627,270▲22.6% | $21,926,252▼18.1% | $238,446,504▲3.0% | $262,845,495▲3.3% | 990 |
| 2018 | $20,910,153▼15.1% | $26,786,738▲0.2% | $231,427,343▲2.4% | $254,500,113▲1.0% | 990 |
| 2017 | $24,637,040▲21.5% | $26,740,003▲26.1% | $225,998,761▲5.0% | $251,860,304▲5.1% | 990 |
| 2016 | $20,276,092▼6.3% | $21,207,702▼10.8% | $215,325,477▲10.6% | $239,675,559▲6.9% | 990 |
| 2015 | $21,631,332▲9.6% | $23,764,680▲32.9% | $194,733,037▼7.7% | $224,279,356▼4.6% | 990 |
| 2014 | $19,741,254▼26.1% | $17,876,357▼26.6% | $210,869,810▲1.0% | $234,983,239▼0.8% | 990 |
| 2013 | $26,708,250 | $24,362,121▲11.7% | $208,852,495▲13.4% | $236,925,941▲9.1% | 990 |
| 2012 | — | $21,819,473▲24.5% | $184,133,845▲10.9% | $217,070,523▲10.1% | 990 |
| 2011 | — | $17,524,055▼4.2% | $165,972,585▼2.3% | $197,238,328▼0.6% | 990 |
| 2010 | — | $18,283,845▼7.2% | $169,912,936▲16.0% | $198,405,348▲11.5% | 990 |
| 2009 | — | $19,693,262 | $146,471,966 | $177,950,237 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Jean Kramer Crosby — $270,572 (0.89% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jean Kramer Crosby | President | 51 | $270,572 |
| David Mark Helmus | Chief Advancement Officer | 51 | $219,153 |
| Donald Ray Allen | Vp of Development | 51 | $208,035 |
| Stephen Wachtmann | Avp of Finance & Treasurer | 51 | $166,597 |
| Lola Mauer | Avp For Alumni Engagement | 51 | $162,880 |
| Carmella Hise | Avp For Development | 51 | $139,810 |
| Mary Serine | Sr Exec Dir of Advancement | 51 | $107,354 |
| Beth Alexander | Assistant Secretary | 51 | $101,669 |
| Alan Finn | Vp of Finance & Treasurer | 1 | — |
| Bente M Weitekamp | Board Member | 1 | — |
| Betsy M Ross | Board Member | 1 | — |
| Charles A Barth | Board Member | 1 | — |
| Damita J Williams | Board Member | 1 | — |
| Daniel J Towriss | Board Member | 1 | — |
| David W Heeter | Secretary | 1 | — |
| Donald D Dumoulin II | Board Member | 1 | — |
| Dwight D Smith | Board Member | 1 | — |
| E Renae Conley | Board Member | 1 | — |
| Eric J Foss | Board Member | 1 | — |
| Geoffrey Mearns | Ex-officio Vice Chair & Pres. | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Goldman Sachs | Investment Advisor | $723,910 |
| Agility | Investment Advisor | $511,671 |
Grants received · $17.8M total
140 grants to Ball State University Foundation totaling $17.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Educational | 2024 | $1,105,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $687,893 |
| Early Learning Indiana Inc | Early years initiative | 2024 | $500,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $257,000 |
| National Urban League Inc | Direct grants to small businesses | 2024 | $200,000 |
| Christian Community Foundation Inc | Athletic fund support | 2024 | $150,000 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $132,500 |
| Denver Foundation | Single organization support | 2024 | $106,000 |
| American Online Giving Foundation Inc | General support | 2024 | $55,608 |
| Silicon Valley Community Foundation | Education | 2024 | $50,000 |
| University Impact | To support organization | 2024 | $50,000 |
| Central Indiana Community Foundation Inc | Production and book publication costs for the synagogues of indiana | 2024 | $40,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $37,656 |
| Ayco Charitable Foundation | Education | 2024 | $30,000 |
| Strada Education Foundation Inc | Operating grant | 2024 | $15,000 |
Grants made · $18.7M in FY2023
2 grants totaling $18.7M in FY2023. All grants made by Ball State University Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Ball State University | General support | $14,577,496 |
| Ball State University | Scholarships | $4,119,057 |
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Compare Ball State University Foundation
Frequently asked questions
- Is Ball State University Foundation a legitimate nonprofit?
- Yes. Ball State University Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-6024566, based in Muncie, Indiana. Donations are tax-deductible.
- What is Ball State University Foundation's EIN?
- Ball State University Foundation's Employer Identification Number (EIN) is 35-6024566.
- How much revenue does Ball State University Foundation report?
- Ball State University Foundation reported $66,942,172 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Ball State University Foundation's spending goes to programs?
- Ball State University Foundation spends about 67% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Ball State University Foundation have?
- CharityIndex grades Ball State University Foundation B+, based on program efficiency and fundraising cost.
- How much does Ball State University Foundation's highest-paid employee make?
- The highest reported compensation on Ball State University Foundation's latest Form 990 is $270,572, paid to Jean Kramer Crosby (President).
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Data for Ball State University Foundation (EIN 35-6024566) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.