2025-05-08T15:57:18+00:00 2024-06-30 440160260 Forvis Mazars LLP 820 Massachusetts Ave Suite 1370 Indianapolis IN 46204 990 2023-07-01 356024566 Ball State University Foundation Inc BALL 7652858312 2800 W Bethel Avenue Muncie IN 47304 Jean Kramer Crosby President 7652858312 2025-05-08 true true Nicole Fishback P01279475 3173834000 2025-05-15 2023 2025-03-06 01:10:19Z Jean Kramer Crosby 2800 W Bethel Avenue Muncie IN 47304 123913921 false X www.bsu.edu/bsufoundation X 1950 IN 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. 38 34 93 30 75511 1362 19855265 65701692 123990 1106 -8570 1238078 43913 1296 20014598 66942172 14226074 18696553 0 6967183 7209803 0 4373817 3716353 4343256 24909610 30249612 -4895012 36692560 343394231 413594191 17604346 16689739 325789885 396904452 Our mission is to optimize sustainable support for Ball State University by obtaining, investing, and managing private gifts wisely while fulfilling our fiduciary responsibilities to Donors, the University, and designated beneficiaries. The Ball State University Foundation will continue to support the University's mission by maintaining its reputation as an institution of excellence while fostering a culture of philanthropy, service, volunteer leadership, and exemplary fiduciary responsibility. false false 11392424 9698713 1106 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. 4878783 4878783 SUPPORT OF FACILITIES AND EQUIPMENT TO ENHANCE THE EDUCATIONAL OPPORTUNITIES AND ENVIRONMENT FOR BALL STATE UNIVERSITY STUDENTS. 4119057 4119057 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. 20390264 true true false true 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 26 0 true 93 true true true false false false false false false false false false false false X 38 34 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 DAVID W HEETER SECRETARY 1.0 2.0 X X 0 0 0 GEOFFREY MEARNS EX-OFFICIO VICE CHAIR & PRES. 1.0 54.0 X X 0 1208682 61687 JEAN KRAMER CROSBY PRESIDENT 51.0 4.0 X X 270572 0 32308 MARLA K TEMPLETON IMMEDIATE PAST CHAIR 1.0 2.0 X 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 ALAN FINN VP OF FINANCE & TREASURER 1.0 54.0 X 0 290602 41432 BENTE M WEITEKAMP BOARD MEMBER 1.0 0.0 X 0 0 0 BETSY M ROSS BOARD MEMBER 1.0 0.0 X 0 0 0 CHARLES A BARTH BOARD MEMBER 1.0 0.0 X 0 0 0 DAMITA J WILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 DANIEL J TOWRISS BOARD MEMBER 1.0 0.0 X 0 0 0 DONALD D DUMOULIN II BOARD MEMBER 1.0 0.0 X 0 0 0 DWIGHT D SMITH BOARD MEMBER 1.0 0.0 X 0 0 0 E RENAE CONLEY BOARD MEMBER 1.0 0.0 X 0 0 0 ERIC J FOSS BOARD MEMBER 1.0 0.0 X 0 0 0 HENRY HALL BOARD MEMBER 1.0 0.0 X 0 0 0 JAMES R WILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 JILL S LACY BOARD MEMBER 1.0 0.0 X 0 0 0 JO ANN M GORA BOARD MEMBER 1.0 0.0 X 0 0 0 JULIE K GRIFFITH BOARD MEMBER 1.0 0.0 X 0 0 0 KATHERINE A ARBUCKLE BOARD MEMBER 1.0 0.0 X 0 0 0 KATHERINE M DOERKSEN BOARD MEMBER 1.0 0.0 X 0 0 0 KEITH A ROBINSON BOARD MEMBER 1.0 0.0 X 0 0 0 KELLI A LAWRENCE BOARD MEMBER 1.0 0.0 X 0 0 0 KYLE J WILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 MARSHA J CASEY BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL D MCDANIEL BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL E EARLEY BOARD MEMBER 1.0 0.0 X 0 0 0 MICHELLE A RYAN BOARD MEMBER 1.0 0.0 X 0 0 0 RANDY D PHILLIPS BOARD MEMBER 1.0 0.0 X 0 0 0 RICHARD J HALL BOARD MEMBER 1.0 0.0 X 0 0 0 ROBERT S KASPAR BOARD MEMBER 1.0 0.0 X 0 0 0 SHERI L KENDALL BOARD MEMBER 1.0 0.0 X 0 0 0 THOMAS B BRYAN BOARD MEMBER 1.0 0.0 X 0 0 0 TIMOTHY M ANDREWS BOARD MEMBER 1.0 0.0 X 0 0 0 VINCE M BERTRAM BOARD MEMBER 1.0 0.0 X 0 0 0 W CRAIG DOBBS BOARD MEMBER 1.0 0.0 X 0 0 0 BETH ALEXANDER ASSISTANT SECRETARY 51.0 0.0 X 101669 0 10411 STEPHEN WACHTMANN AVP OF FINANCE & TREASURER 51.0 4.0 X 166597 0 29303 CARMELLA HISE AVP FOR DEVELOPMENT 51.0 0.0 X 139810 0 14148 DAVID MARK HELMUS CHIEF ADVANCEMENT OFFICER 51.0 0.0 X 219153 0 28243 DONALD RAY ALLEN VP OF DEVELOPMENT 51.0 4.0 X 208035 0 22179 LOLA MAUER AVP FOR ALUMNI ENGAGEMENT 51.0 0.0 X 162880 0 20520 MARY SERINE SR EXEC DIR OF ADVANCEMENT 51.0 0.0 X 107354 0 9599 1376070 1499284 269830 10 false true false Goldman Sachs 71 Wacker Dr Suite 1200 Chicago IL 60606 Investment Advisor 723910 Agility 7979 E TUFTS AVENUE SUITE 700 DENVER CO 80237 INVESTMENT ADVISOR 511671 2 1798459 63903233 4756719 65701692 Other Income 900099 1106 1106 0 0 0 0 1106 2220437 75511 2144926 1296 1296 0 0 55989390 56971749 -982359 0 -982359 -982359 0 0 0 0 0 66942172 1106 75511 1163863 18696553 18696553 610861 364832 246029 106420 106420 4686166 2798777 1887389 497935 311812 186123 937695 587195 350500 370726 232153 138573 52000 30160 21840 97135 97135 21339 21339 1693711 1693711 0 0 0 0 453236 121447 331789 434072 6215 427857 40385 39206 1179 11432 3499 7933 355220 236448 118772 32188 32188 140782 28055 112727 49690 49690 Donor Cultivation 457103 27664 429439 Commemorative Items 436859 406715 30144 Miscellaneous 68104 5920 62184 0 0 0 0 30249612 20390264 5485531 4373817 0 0 1107923 34082217 22589555 25491402 10130088 10706272 0 0 0 0 0 0 217464 151505 1357556 1143988 228129 213568 215843559 255059395 80302628 79924307 0 12974885 7965525 343394231 413594191 1191513 879401 3143049 3462703 0 0 9375000 8875000 3894784 3472635 17604346 16689739 X 30889823 41322905 294900062 355581547 325789885 396904452 343394231 413594191 X 36692560 33730512 691495 X false true X true false X 24236059 33335203 36222749 19855265 65701692 179350968 0 0 24236059 33335203 36222749 19855265 65701692 179350968 43278429 136072539 45009 402074 618248 1034022 2221733 4321086 0 167233 126378 120845 123990 1106 539552 184211606 0 0.7387 0.8839 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 167233.0, COLUMN B - 126378.0, COLUMN C - 120845.0, COLUMN D - 123990.0, COLUMN E - 1106.0, COLUMN F - 539552.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 21339 21339 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY Expenses for hosting events related to lobbying efforts for the benefit of higher education. 240937291 5906397 20754996 4396566 1213494 3191202 258797422 244087219 6632027 -6330458 3209350 242147 240937291 242459242 11775233 -6295862 3568653 282741 244087219 205878913 7150360 32708200 3278231 242459242 203245977 5089651 2447736 4904451 205878913 0.02 0.6 0.38 false false 99770 99770 181900 97875 84025 1075886 1046113 29773 213568 Hedge Funds 13594597 F Real Estate 14448778 F Natural Resources 759587 F Private Equity & Venture Cap. 51121345 F 79924307 Annuity Obligations 1757245 Trust Obligations 633750 Operating Lease Liability 991418 University Payable 90222 3472635 99670468 33730512 691495 34422007 65248461 1693711 0 1693711 66942172 28555901 0 0 28555901 1693711 0 1693711 30249612 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 V, Line 4 Intended uses of endowment funds Endowment funds are managed in accordance with donor stipulations to serve as a perpetual source of funding for various purposes, such as scholarships and financial aid, faculty compensation and support, academic programs, research, technology, equipment and campus improvements, public service, athletics, recruitment, artwork, library materials, and other programs. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change in Value of Split Interest Agreements - 414966 Change in Donor Allocation - 276529 true BALL STATE UNIVERSITY 2000 W UNIVERSITY MUNCIE IN 47306 356000221 115 4119057 SCHOLARSHIPS BALL STATE UNIVERSITY 2000 W UNVERSITY MUNCIE IN 47306 356000221 115 14577496 GENERAL SUPPORT 0 1 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The Foundation was established to solicit and receive gifts and contributions for Ball State University's benefit. These funds are carefully managed and utilized to fulfill the specific purposes set by the donors. The amounts reported in Schedule I, Part I represent the financial support provided by the Foundation to Ball State University for these designated purposes. 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 1177734 0 8500 0 22448 0 57164 0 4523 0 1270369 0 0 JEAN KRAMER CROSBY PRESIDENT 269572 0 1000 0 0 0 28115 0 4193 0 302880 0 0 0 ALAN FINN VP OF FINANCE & TREASURER 0 289602 0 1000 0 0 0 30988 0 10444 0 332034 0 0 STEPHEN WACHTMANN AVP OF FINANCE & TREASURER 165597 0 1000 0 0 0 18394 0 10909 0 195900 0 0 0 DAVID MARK HELMUS CHIEF ADVANCEMENT OFFICER 215153 0 4000 0 0 0 23003 0 5240 0 247396 0 0 0 DONALD RAY ALLEN VP OF DEVELOPMENT 204035 0 4000 0 0 0 10709 0 11470 0 230214 0 0 0 CARMELLA HISE AVP FOR DEVELOPMENT 134710 0 5100 0 0 0 14145 0 3 0 153958 0 0 0 LOLA MAUER AVP FOR ALUMNI ENGAGEMENT 158880 0 4000 0 0 0 17042 0 3478 0 183400 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel CHARTER TRAVEL 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. Schedule J, Part I, Line 1a Travel for companions 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. Schedule J, Part I, Line 1a Health or social club dues or initiation fees COUNTRY CLUB DUES WERE PROVIDED FOR SELECT OFFICERS AND DIRECTORS FOR BUSINESS USE. Schedule J, Part I, Line 7 Non-fixed payments BONUS PAYMENTS ARE DETERMINED AT THE DISCRETION OF BALL STATE UNIVERSITY FOUNDATION. ALSO, ONE-TIME SUPPLEMENTAL PAYMENTS ARE INCLUDED IN THE BONUSES FOR INDIVIDUALS WHO WERE EMPLOYED AT THE UNIVERSITY AS OF AUGUST 31, 2023. Kelsey Kelly Daughter of Don Dumoulin 106420 Payroll false X 9 982951 Other - Appraisal X 36 3681903 Other - Stock Quote X Education Items 4 76393 Cost X Travel, Plants, Clothing 16 15472 Cost 3 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, Line 12b And Part XII, Line 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, Line 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, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest 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, Line 15a Process to establish compensation of top management official 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, Line 19 Required 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 balances Change in Value of Split Interest Agreements - 414966; Change in Donor Allocation - 276529; Ball State University 2000 W University Muncie IN 47304 356000221 Education IN 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) Type I 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 true true true Ball State University C 1690292 FMV Ball State University K 158410 FMV Cardinal Funds C 108167 FMV