Nonprofit · EIN 35-6024566
BALL STATE UNIVERSITY FOUNDATION
Tax-exempt · MUNCIE, IN 47304
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $30,232,984 | $37,729,015 | -$7,496,031 | $438,758,562 | $15,968,377 | $422,790,185 |
| June 30, 2024 | 990 | $66,942,172 | $30,249,612 | $36,692,560 | $413,594,191 | $16,689,739 | $396,904,452 |
| June 30, 2023 | 990 | $20,014,598 | $24,909,610 | -$4,895,012 | $343,394,231 | $17,604,346 | $325,789,885 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $27,029,416
- Program service revenue
- $0
- Investment income
- $3,203,568
- Net gain from sales of assets
- $113,430
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $25,905,836
- Compensation of officers, directors and key employees
- $1,327,885
- Other salaries and wages
- $4,318,261
- Salaries, compensation and benefits (total)
- $7,700,205
- Professional fundraising fees
- $0
- Legal fees
- $49,500
- Accounting fees
- $105,902
- Occupancy
- $68,324
- Travel
- $2,116
- Depreciation
- $15,698
- Program services (functional)
- $27,745,304
- Management and general (functional)
- $5,538,920
- Fundraising (functional)
- $4,444,791
Balance sheet and other
- Total assets, start of year
- $413,594,191
- Total assets, end of year
- $438,758,562
- Total liabilities, end of year
- $15,968,377
- Net assets, end of year
- $422,790,185
- Land, buildings and equipment
- $227,066
- Publicly traded securities
- $290,192,568
- Net assets without donor restrictions
- $60,628,552
- Net assets with donor restrictions
- $362,161,633
- Gross unrelated business income
- $148,419
- Gross receipts
- $74,975,494
- Employees
- 98
- Volunteers
- 39
- Year formed
- 1950
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GEOFFREY MEARNS | EX-OFFICIO VICE CHAIR & PRES. Trustee or director, Officer | 1 | $0 | $606,100 | $74,426 |
| ALAN FINN | VP OF FINANCE & TREASURER (End 02/25) Trustee or director | 1 | $0 | $303,899 | $42,800 |
| JEAN KRAMER CROSBY | PRESIDENT Trustee or director, Officer | 51 | $307,156 | $0 | $33,182 |
| DAVID MARK HELMUS | CHIEF ADVANCEMENT OFFICER Key employee | 51 | $224,189 | $0 | $29,125 |
| STEPHEN WACHTMANN | CFO, TREASURER Officer | 51 | $189,133 | $0 | $32,517 |
| WILLIAM COOPER | SR DIR DEVELOPMENT PRINCIPAL GIFTS Key employee | 51 | $173,417 | $0 | $26,995 |
| LOLA MAUER | AVP FOR ALUMNI ENGAGEMENT Key employee | 51 | $162,243 | $0 | $23,016 |
| CARMELLA HISE | AVP FOR DEVELOPMENT Highest-paid employee | 51 | $149,128 | $0 | $15,196 |
| KELSEY KELLY | AVP FOR DEVELOPMENT Highest-paid employee | 51 | $124,837 | $0 | $25,789 |
| MARY SERINE | SR EXEC DIR OF ADVANCEMENT Highest-paid employee | 51 | $114,688 | $0 | $13,687 |
| BETH ALEXANDER | ASSISTANT SECRETARY Officer | 51 | $109,624 | $0 | $17,288 |
| BRENDA DAVIS | SR DIRECTOR OF DEVELOPMENT Highest-paid employee | 51 | $105,647 | $0 | $19,543 |
| DONALD RAY ALLEN | VP OF DEVELOPMENT Highest-paid employee | 51 | $114,687 | $0 | $6,148 |
| DAVID W HEETER | CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JILL S LACY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
33 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL C RAY | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 |
| PATRICK J ALDERICE | CHAIR Trustee or director, Officer | 1 | $0 |
| BENTE M WEITEKAMP | BOARD MEMBER Trustee or director | 1 | $0 |
| BETSY M ROSS | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIAN J HAYNES | BOARD MEMBER Trustee or director | 1 | $0 |
| CHARLES A BARTH | BOARD MEMBER Trustee or director | 1 | $0 |
| DAMITA J WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 |
| DAN L MOLINARO | BOARD MEMBER Trustee or director | 1 | $0 |
| DANIEL J TOWRISS | BOARD MEMBER Trustee or director | 1 | $0 |
| DONALD D DUMOULIN II | BOARD MEMBER Trustee or director | 1 | $0 |
| DWIGHT D SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
| ERIC J FOSS | BOARD MEMBER Trustee or director | 1 | $0 |
| HENRY HALL | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES D FIELDS | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES R WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 |
| JO ANN M GORA | BOARD MEMBER Trustee or director | 1 | $0 |
| JULIE K GRIFFITH | BOARD MEMBER Trustee or director | 1 | $0 |
| KATHERINE A ARBUCKLE | BOARD MEMBER Trustee or director | 1 | $0 |
| KATHERINE M DOERKSEN | BOARD MEMBER Trustee or director | 1 | $0 |
| KEITH A ROBINSON | BOARD MEMBER Trustee or director | 1 | $0 |
| KELLI A LAWRENCE | BOARD MEMBER Trustee or director | 1 | $0 |
| KYLE J WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 |
| LOU E HENSLEY | BOARD MEMBER Trustee or director | 1 | $0 |
| MARLA K TEMPLETON | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL E EARLEY | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELLE A RYAN | BOARD MEMBER Trustee or director | 1 | $0 |
| NATALIE VEGA O'NEIL | BOARD MEMBER Trustee or director | 1 | $0 |
| RANDY D PHILLIPS | BOARD MEMBER Trustee or director | 1 | $0 |
| RICHARD J HALL | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT S KASPAR | BOARD MEMBER Trustee or director | 1 | $0 |
| Sue Hodges Moore | Interim VP for Business Affairs & Treasurer (Beg 03/25) Trustee or director | 1 | $0 |
| THOMAS B BRYAN | BOARD MEMBER Trustee or director | 1 | $0 |
| TIMOTHY M ANDREWS | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 45 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GEOFFREY MEARNS | EX-OFFICIO VICE CHAIR & PRES. Trustee or director, Officer | 1 | $0 | $1,208,682 | $61,687 |
| ALAN FINN | VP OF FINANCE & TREASURER Trustee or director | 1 | $0 | $290,602 | $41,432 |
| JEAN KRAMER CROSBY | PRESIDENT Trustee or director, Officer | 51 | $270,572 | $0 | $32,308 |
| DAVID MARK HELMUS | CHIEF ADVANCEMENT OFFICER Highest-paid employee | 51 | $219,153 | $0 | $28,243 |
| DONALD RAY ALLEN | VP OF DEVELOPMENT Highest-paid employee | 51 | $208,035 | $0 | $22,179 |
| STEPHEN WACHTMANN | AVP OF FINANCE & TREASURER Officer | 51 | $166,597 | $0 | $29,303 |
| LOLA MAUER | AVP FOR ALUMNI ENGAGEMENT Highest-paid employee | 51 | $162,880 | $0 | $20,520 |
| CARMELLA HISE | AVP FOR DEVELOPMENT Highest-paid employee | 51 | $139,810 | $0 | $14,148 |
| MARY SERINE | SR EXEC DIR OF ADVANCEMENT Highest-paid employee | 51 | $107,354 | $0 | $9,599 |
| BETH ALEXANDER | ASSISTANT SECRETARY Officer | 51 | $101,669 | $0 | $10,411 |
| DAVID W HEETER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARLA K TEMPLETON | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL C RAY | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PATRICK J ALDERICE | CHAIR ELECT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BENTE M WEITEKAMP | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BETSY M ROSS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES A BARTH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAMITA J WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DANIEL J TOWRISS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DONALD D DUMOULIN II | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DWIGHT D SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| E RENAE CONLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ERIC J FOSS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| HENRY HALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES R WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JILL S LACY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JO ANN M GORA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JULIE K GRIFFITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATHERINE A ARBUCKLE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATHERINE M DOERKSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KEITH A ROBINSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KELLI A LAWRENCE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KYLE J WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARSHA J CASEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL D MCDANIEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL E EARLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHELLE A RYAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RANDY D PHILLIPS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD J HALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT S KASPAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SHERI L KENDALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS B BRYAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY M ANDREWS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| VINCE M BERTRAM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| W CRAIG DOBBS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 40 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Geoffrey Mearns | Ex-Officio Vice Chair & Pres. Trustee or director, Officer | 1 | $0 | $514,908 | $58,184 |
| Alan Finn | VP of Finance & Treasurer Trustee or director | 1 | $0 | $281,674 | $30,322 |
| Jean Kramer Crosby | President Trustee or director, Officer | 51 | $255,420 | $0 | $30,811 |
| David Mark Helmus | Chief Advancement Officer Highest-paid employee | 51 | $211,020 | $0 | $28,023 |
| Donald Ray Allen | VP of Development Highest-paid employee | 51 | $201,383 | $0 | $20,893 |
| Stephen Wachtmann | AVP of Finance & Treasurer Officer | 51 | $152,337 | $0 | $27,410 |
| Carmella Hise | AVP for Development Highest-paid employee | 51 | $134,855 | $0 | $13,804 |
| Lola Mauer | AVP for Alumni Engagement Highest-paid employee | 51 | $129,922 | $0 | $17,711 |
| Mary SeRine | Sr Exec Dir of Advancement Highest-paid employee | 51 | $101,434 | $0 | $6,174 |
| Beth Alexander | Assistant Secretary Officer | 51 | $84,544 | $0 | $9,672 |
| VINCE M BERTRAM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHELLE A RYAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| Timothy M Andrews | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Katherine A Arbuckle | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Thomas B Bryan | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Marsha J Casey | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| E Renae Conley | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| W Craig Dobbs | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Katherine M Doerksen | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Donald D Dumoulin II | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Eric J Foss | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Julie K Griffith | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Jo Ann M Gora | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Richard J Hall | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Sheri L Kendall | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Jill S Lacy | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Kelli A Lawrence | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Michael D McDaniel | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Randy D Phillips | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Betsy M Ross | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Dwight D Smith | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Daniel J Towriss | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Bente M Weitekamp | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Damita J Williams | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| James R Williams | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Kyle J Williams | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Michael C Ray | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Patrick J Alderice | Chair Elect Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Marla K Templeton | Immediate Past Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| David W Heeter | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2800 W BETHEL AVE, MUNCIE, IN 47304-2619
- In care of
- % AMY MCCLURE
- Principal officer (990 for 2024)
- Jean Kramer Crosby, 2800 W Bethel Avenue, Muncie, IN 47304
- Signed the 990
- Jean Kramer Crosby, President
- Phone
- (765) 285-8312
- Website
- www.bsu.edu/bsufoundation
- Return prepared by
- Forvis Mazars LLP
Mission
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.
Program accomplishments
- SUPPORT OF FACILITIES AND EQUIPMENT TO ENHANCE THE EDUCATIONAL OPPORTUNITIES AND ENVIRONMENT FOR BALL STATE UNIVERSITY STUDENTS.Expenses $13,251,743 · grants $13,251,743
- 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.Expenses $10,462,131 · grants $8,622,663
- SCHOLARSHIPS AND FINANCIAL AID ARE PROVIDED TO STUDENTS AT BALL STATE UNIVERSITY TO FURTHER THEIR EDUCATIONAL GOALS. DURING FISCAL YEAR 2025, THE FOUNDATION PROVIDED OVER $25 MILLION TO BALL STATE UNIVERSITY, INCLUDING 1,860 SCHOLARSHIPS IMPACTING OVER 1,500 STUDENTS.Expenses $4,031,430 · grants $4,031,430
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 35-6024566
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1953
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $438,758,562
- Income (IRS master file)
- $74,975,494
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $30,232,984 | $37,729,015 | $438,758,562 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $66,942,172 | $30,249,612 | $413,594,191 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $20,014,598 | $24,909,610 | $343,394,231 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $39,102,530 | $25,599,448 | $327,636,932 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-6024566).
Questions about BALL STATE UNIVERSITY FOUNDATION
- What is the EIN of BALL STATE UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of BALL STATE UNIVERSITY FOUNDATION is 35-6024566.
- Is BALL STATE UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1953.
- Are donations to BALL STATE UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BALL STATE UNIVERSITY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BALL STATE UNIVERSITY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BALL STATE UNIVERSITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BALL STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 names Jean Kramer Crosby.
- Who are the officers and directors of BALL STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 48 people; 11 received compensation from the organization.
- How much revenue does BALL STATE UNIVERSITY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $30,232,984, expenses of $37,729,015 and total assets of $438,758,562 at year end.
Other nonprofits in MUNCIE
- MUNCIE PUBLIC CHARTER SCHOOL OF INQUIRY EIN 30-0686902 · last filed 990 for 2025
- BALL STATE UNIVERSITY ALUMNI ASSOCIATION INC EIN 27-0458828 · last filed 990 for 2025
- ROSS COMMUNITY CENTER INC EIN 45-2050287 · last filed 990 for 2024
- DELAWARE COUNTY BY5-EARLY CHILDHOOD EDUCATION INITIATIVE INC EIN 35-2149845 · last filed 990 for 2024
- CARDINAL FUNDS INC EIN 20-5733080 · last filed 990 for 2025
- MOTIVATE OUR MINDS INC EIN 35-1734264 · last filed 990 for 2024
- PAULINE J BARKER EDUCATION TRUST 005741 EIN 35-2122616 · last filed 990-PF for 2026
- DWIGHT & VIRGINIA DEEN SCHOEFF SCHOLARSHIP TR EIN 20-6408218 · last filed 990-PF for 2025