Iu Medical Group Foundation Inc
99% goes to programs $0 to raise $100 Strong reserves Growing revenue
Iu Medical Group Foundation Inc is a 501(c)(3) organization based in Indianapolis, Indiana, registered in 2005, with $103,901,255 in FY2024 revenue. CharityIndex grades it B, and it directs about 99% of spending to programs.
340 W 10th Street Fs5100, Indianapolis, IN, 46202 EIN 20-1093251 Since 2005
Revenue (FY2024)
$103.9M
▲ 837.4% vs prior year
Education median: $200K
Expenses (FY2024)
$81.2M
Net assets
$399.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating99% to programs · $0 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 Iu Medical Group Foundation Inc: 99% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating59 mo reserves · +22% 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 Iu Medical Group Foundation Inc: 59 mo reserves · +22% margin earns a A on this criterion. See the exact thresholds →
CGovernance25% of the rating2 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 Iu Medical Group Foundation Inc: 2 of 6 checks met earns a C on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Iu Medical Group Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To acquire, manage and distribute funds for the benefit of the indiana university school of medicine and indiana university health care associates, inc.
Contact & location
- Address
- 340 W 10th Street Fs5100, Indianapolis, IN, 46202
- City
- Indianapolis
- State
- Indiana
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $104.2M (FY2013) to $103.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $8.1MNet assets $399.9M
Operating margin
21.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$408.0M
Total liabilities
$8.1M
Net assets
$399.9M
Salaries & benefits
$0
0% of expenses
Board members
1
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $103,901,255▲837% | $81,196,075▲589% | $399,878,307▲7.9% | $408,013,450▲10.0% | 990 |
| 2023 | $11,084,015▼87.8% | $11,790,843▼55.9% | $370,763,990▲8.9% | $370,763,990▲8.9% | 990 |
| 2022 | $90,820,472▲100% | $26,717,815▼29.8% | $340,332,940▲34.0% | $340,333,025▲32.8% | 990 |
| 2021 | $45,380,536▼19.9% | $38,061,402▲23.7% | $253,895,754▼12.2% | $256,189,183▼11.4% | 990 |
| 2020 | $56,682,110▲17.4% | $30,760,270▼10.6% | $289,019,740▲28.9% | $289,144,740▲25.1% | 990 |
| 2019 | $48,270,921▲111% | $34,399,549▲74.4% | $224,164,697▼2.8% | $231,188,668▲0.2% | 990 |
| 2018 | $22,913,233▼58.4% | $19,725,678▼47.9% | $230,633,461▲3.9% | $230,633,461▲3.9% | 990 |
| 2017 | $55,075,769▲10.1% | $37,883,091▲307% | $222,053,233▲11.2% | $222,053,233▲11.2% | 990 |
| 2016 | $50,030,212▲114% | $9,317,553▼62.4% | $199,610,754▲32.5% | $199,610,754▲20.5% | 990 |
| 2015 | $23,367,416▼67.3% | $24,752,872▼41.7% | $150,645,296 | $165,686,246▼2.4% | 990 |
| 2014 | $71,509,240▼31.4% | $42,423,524▼30.0% | $150,658,449▲47.5% | $169,747,626▲31.9% | 990 |
| 2013 | $104,210,562 | $60,574,078▼50.2% | $102,122,441▲50.4% | $128,673,261▲52.3% | 990 |
| 2012 | — | $121,640,213▲80.8% | $67,897,638▼17.0% | $84,467,354▼8.9% | 990 |
| 2011 | — | $67,296,149▼18.2% | $81,799,395▲19.0% | $92,723,986▲22.2% | 990 |
| 2010 | — | $82,232,321▲173% | $68,721,920▼5.5% | $75,879,863▼1.1% | 990 |
| 2009 | — | $30,108,945 | $72,730,976 | $76,688,141 | 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 (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Ingram | Director | 0.25 | — |
| Flora Hammond | Director | 0.25 | — |
| Jay Hess | Board Chairman | 1 | — |
| Kevin B Gebke | Secretary | 0.25 | — |
| Michael Feldman | Treasurer | 0.25 | — |
| Peter Pang | Director | 0.25 | — |
| Wade D Clapp | Director | 0.25 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pnc Bank | Investment Management Services | $546,974 |
Grants received · $70.0M total
4 grants to Iu Medical Group Foundation Inc totaling $70.0M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Indiana University Health Care Associates Inc | General support | 2022 | $29,018,992 |
| Indiana University Health Care Associates Inc | General support | 2021 | $24,357,913 |
| Indiana University Health Care Associates Inc | General support | 2020 | $16,655,939 |
| American Endowment Foundation | Programs | 2016 | $5,766 |
Grants made · $80.6M in FY2024
3 grants totaling $80.6M in FY2024. All grants made by Iu Medical Group Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| State of Indiana | To further enhance the educational mission for the citizens of the state | $72,866,999 |
| Indiana University Foundation | To provide indiana university with the financial support it needs to succeed | $5,135,000 |
| Trustees of Indiana University | To support the strategic research initiative | $2,601,086 |
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Frequently asked questions
- Is Iu Medical Group Foundation Inc a legitimate nonprofit?
- Yes. Iu Medical Group Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-1093251, based in Indianapolis, Indiana. Donations are tax-deductible.
- What is Iu Medical Group Foundation Inc's EIN?
- Iu Medical Group Foundation Inc's Employer Identification Number (EIN) is 20-1093251.
- How much revenue does Iu Medical Group Foundation Inc report?
- Iu Medical Group Foundation Inc reported $103,901,255 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Iu Medical Group Foundation Inc's spending goes to programs?
- Iu Medical Group Foundation Inc spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Iu Medical Group Foundation Inc have?
- CharityIndex grades Iu Medical Group Foundation Inc B, based on program efficiency and fundraising cost.
- How much does Iu Medical Group Foundation Inc's highest-paid employee make?
- The highest reported compensation on Iu Medical Group Foundation Inc's latest Form 990 is $0, paid to David Ingram (Director).
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Data for Iu Medical Group Foundation Inc (EIN 20-1093251) 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.