Nonprofit · EIN 35-6045550
INDIANA STATE UNIVERSITY FOUNDATION INC
Tax-exempt · TERRE HAUTE, IN 47807
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $19,425,902 | $15,553,362 | $3,872,540 | $164,173,105 | $8,407,319 | $155,765,786 |
| June 30, 2024 | 990 | $21,406,585 | $11,203,350 | $10,203,235 | $149,874,413 | $7,569,914 | $142,304,499 |
| June 30, 2023 | 990 | $16,129,403 | $9,272,225 | $6,857,178 | $129,647,619 | $7,676,289 | $121,971,330 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $11,424,771
- Program service revenue
- $1,454,620
- Investment income
- $6,737,411
- Net gain from sales of assets
- $2,703,839
- Net income from fundraising events
- -$190,900
- Other revenue
- -$190,900
Expenses
- Grants and similar amounts paid
- $13,654,748
- Other salaries and wages
- $18,986
- Salaries, compensation and benefits (total)
- $18,986
- Professional fundraising fees
- $0
- Legal fees
- $13,843
- Accounting fees
- $100,827
- Occupancy
- $509,735
- Travel
- $72,701
- Depreciation
- $71,105
- Program services (functional)
- $13,755,029
- Management and general (functional)
- $1,478,256
- Fundraising (functional)
- $320,077
Balance sheet and other
- Total assets, start of year
- $149,874,413
- Total assets, end of year
- $164,173,105
- Total liabilities, end of year
- $8,407,319
- Net assets, end of year
- $155,765,786
- Land, buildings and equipment
- $425,781
- Publicly traded securities
- $136,481,141
- Net assets without donor restrictions
- $19,182,989
- Net assets with donor restrictions
- $136,582,797
- Gross unrelated business income
- -$17,041
- Gross receipts
- $44,465,617
- Employees
- 45
- Volunteers
- 183
- Year formed
- 1928
- 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 |
|---|---|---|---|---|---|
| Andrea Angel | CEO Trustee or director, Officer | 37.5 | $0 | $224,792 | $32,025 |
| Jeremiah Turner | Assc VP Univ Advancement Highest-paid employee | 37.5 | $0 | $121,215 | $31,931 |
| Kenneth Menefee | Planned/Principal gifts ex dir Highest-paid employee | 37.5 | $0 | $112,781 | $29,352 |
| Lucy Lunsford | Controller Officer | 37.5 | $0 | $94,411 | $9,568 |
| Macala Beasley | Assistant Secretary Officer | 37.5 | $0 | $47,370 | $13,726 |
| John Crouch | Vice Chairperson Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Marie C Shanks | Chairperson Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Mary Mcguire | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Richard Porter | Immediate Past Chairperson Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Troy Helman | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Anita Klopfenstein | Director (Start 10/24/24) Trustee or director | 1 | $0 | $0 | $0 |
| Dan Thiel | Director Trustee or director | 1 | $0 | $0 | $0 |
| Denise Bennett | Director (Start 10/24/24) Trustee or director | 1 | $0 | $0 | $0 |
| Donald Scott | Director (Start 10/24/24) Trustee or director | 1 | $0 | $0 | $0 |
| Elizabeth Boulet | Director Trustee or director | 1 | $0 | $0 | $0 |
21 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gordon Tanner | Director Trustee or director | 1 | $0 |
| Jim Pajakowski | Director Trustee or director | 1 | $0 |
| Julie Heck | Director Trustee or director | 1 | $0 |
| Kent Kramer | Director Trustee or director | 1 | $0 |
| Laura Wittman | Director Trustee or director | 1 | $0 |
| Lindsay Stergar | Director Trustee or director | 1 | $0 |
| Michael Godard | President, ISU Trustee or director | 1 | $0 |
| Nick McCollum | Chairperson, Alumni Board Trustee or director | 1 | $0 |
| Pam Poore | Director Trustee or director | 1 | $0 |
| Patrick Lima | Director Trustee or director | 1 | $0 |
| Paul Chaney | Director Trustee or director | 1 | $0 |
| Rita Burns Senseman | Director Trustee or director | 1 | $0 |
| Robert Casey | Chair, Trustees Trustee or director | 1 | $0 |
| Sandi Druley | Director Trustee or director | 1 | $0 |
| Sandy Senior-Dauer | Director Trustee or director | 1 | $0 |
| Scott Jones | Director Trustee or director | 1 | $0 |
| Scott Watson | Director Trustee or director | 1 | $0 |
| Steve Bailey | Director Trustee or director | 1 | $0 |
| Todd Osburn | Director Trustee or director | 1 | $0 |
| Virgil Pund | Director Trustee or director | 1 | $0 |
| Yanya Yang | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 38 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Andrea Angel | CEO Trustee or director, Officer | 37.5 | $0 | $212,509 | $28,614 |
| Jeremiah Turner | Assc VP Univ Advancement Highest-paid employee | 37.5 | $0 | $116,959 | $30,373 |
| Kenneth Menefee | Planned/Principal gifts ex dir Highest-paid employee | 37.5 | $0 | $108,796 | $27,960 |
| Lucy Lunsford | Controller Officer | 37.5 | $0 | $91,007 | $9,120 |
| Macala Beasley | Assistant Secretary Officer | 37.5 | $0 | $22,502 | $6,518 |
| John Crouch | Vice Chairperson Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Marie C Shanks | Chairperson Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Mary Mcguire | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Richard Porter | Immediate Past Chairperson Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Troy Helman | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Aryn Williams | Chairperson, Alumni Board Trustee or director | 1 | $0 | $0 | $0 |
| Dan Thiel | Director Trustee or director | 1 | $0 | $0 | $0 |
| Daniel Riley | Director Trustee or director | 1 | $0 | $0 | $0 |
| Deborah Curtis | Director Trustee or director | 1 | $0 | $0 | $0 |
| Elizabeth Boulet | Director Trustee or director | 1 | $0 | $0 | $0 |
| Gordon Tanner | Director Trustee or director | 1 | $0 | $0 | $0 |
| Greg Steenberg | Director Trustee or director | 1 | $0 | $0 | $0 |
| J Bart Colwell | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jim Pajakowski | Director Trustee or director | 1 | $0 | $0 | $0 |
| Julie Heck | Director Trustee or director | 1 | $0 | $0 | $0 |
| Keith Dickey | Director Trustee or director | 1 | $0 | $0 | $0 |
| Kent Kramer | Director Trustee or director | 1 | $0 | $0 | $0 |
| Laura Wittman | Director Trustee or director | 1 | $0 | $0 | $0 |
| Linda Pellegrini | Director Trustee or director | 1 | $0 | $0 | $0 |
| Lindsay Stergar | Director Trustee or director | 1 | $0 | $0 | $0 |
| Pam Poore | Director Trustee or director | 1 | $0 | $0 | $0 |
| Patrick Lima | Director Trustee or director | 1 | $0 | $0 | $0 |
| Paul Chaney | Director Trustee or director | 1 | $0 | $0 | $0 |
| Rita Burns Senseman | Director Trustee or director | 1 | $0 | $0 | $0 |
| Robert Casey | Chair, Trustees Trustee or director | 1 | $0 | $0 | $0 |
| Sandi Druley | Director Trustee or director | 1 | $0 | $0 | $0 |
| Sandy Senior-Dauer | Director Trustee or director | 1 | $0 | $0 | $0 |
| Scott Jones | Director Trustee or director | 1 | $0 | $0 | $0 |
| Scott Watson | Director Trustee or director | 1 | $0 | $0 | $0 |
| Steve Bailey | Director Trustee or director | 1 | $0 | $0 | $0 |
| Todd Osburn | Director Trustee or director | 1 | $0 | $0 | $0 |
| Virgil Pund | Director Trustee or director | 1 | $0 | $0 | $0 |
| Yanya Yang | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 38 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANDREA ANGEL | CEO Trustee or director, Officer | 37.5 | $0 | $220,727 | $31,877 |
| JEREMIAH TURNER | ASSC VP UNIV ADVANCEMENT Highest-paid employee | 37.5 | $0 | $113,279 | $29,725 |
| KENNETH MENEFEE | PLANNED/PRINCIPAL GIFTS EX DIR Highest-paid employee | 37.5 | $0 | $104,907 | $27,341 |
| LUCY LUNSFORD | CONTROLLER Officer | 37.5 | $0 | $88,155 | $8,844 |
| ADAM BAHUS | ASSISTANT SECRETARY Officer | 37.5 | $0 | $41,038 | $3,759 |
| ELIZABETH BOULET | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVE BAILEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATHLEEN CABELLO | CHAIR, TRUSTEES Trustee or director | 1 | $0 | $0 | $0 |
| PAUL CHANEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| J BART COLWELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN CROUCH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEITH DICKEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SANDI DRULEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DONALD DUDINE | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH EVELO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JULIE HECK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TROY HELMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SCOTT JONES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TRAVIS KENDALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARY MCGUIRE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RANDALL MINAS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PATRICK LIMA | CHAIR, ALUMNI BOARD Trustee or director | 1 | $0 | $0 | $0 |
| TODD OSBURN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM PAJAKOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LINDA PELLEGRINI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAM POORE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD PORTER | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DANIEL RILEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SANDY SENIOR-DAUER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RITA SENSEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARIE C SHANKS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GREG STEENBERG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LINDSEY STERGAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GORDON TANNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAN THIEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT WATSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LAURA WITTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DEBORAH CURTIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 30 N 5TH ST, TERRE HAUTE, IN 47807-2939
- In care of
- % LUCY LUNSFORD
- Principal officer (990 for 2024)
- Andrea L Angel, 30 N Fifth Street, Terre Haute, IN 47809
- Signed the 990
- Andrea L Angel, CEO
- Phone
- (812) 237-6100
- Website
- www.indstate.edu/give
- Return prepared by
- Forvis Mazars LLP
Mission
THE FOUNDATION'S MISSION IS TO SECURE AND PRESERVE PRIVATE RESOURCES FOR THE BETTERMENT OF INDIANA STATE UNIVERSITY AND ITS STUDENTS, WHILE PROVIDING DONORS WITH OPPORTUNITIES TO WITNESS AND EXPERIENCE THE RESULTS OF THEIR PHILANTHROPY.
Program accomplishments
- RESTRICTED AND DESIGNATED EXPENDITURES - GIFTS RECEIVED FOR SPECIFIED PURPOSES AND EXPENDED FOR THESE PURPOSES WHICH PROVIDE SUPPORT TO EDUCATIONAL AND ATHLETIC PROGRAMS INCLUDING THE BAILEY COLLEGE OF ENGINEERING AND TECHNOLOGY, COLLEGE OF ARTS AND SCIENCES, SCOTT COLLEGE OF BUSINESS, BAYH COLLEGE OF EDUCATION, AND COLLEGE OF HEALTH AND HUMAN SERVICES.Expenses $10,942,495 · grants $10,942,495 · revenue $1,454,620
- PROVIDED 1,620 SCHOLARSHIPS AND AWARDS TO 1,108 INDIANA STATE UNIVERSITY STUDENTS.Expenses $2,712,253 · grants $2,712,253
- ALUMNI ASSOCIATION PROVIDES OUTREACH AND EVENTS WHICH ENCOURAGE FORMER ISU STUDENTS TO REMAIN INVOLVED WITH ISU.Expenses $100,281
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
- 35-6045550
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1938
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $164,173,105
- Income (IRS master file)
- $44,465,617
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $19,425,902 | $15,553,362 | $164,173,105 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $21,406,585 | $11,203,350 | $149,874,413 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $16,129,403 | $9,272,225 | $129,647,619 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $21,567,754 | $10,008,908 | $114,718,203 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 35-6045550).
Questions about INDIANA STATE UNIVERSITY FOUNDATION INC
- What is the EIN of INDIANA STATE UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of INDIANA STATE UNIVERSITY FOUNDATION INC is 35-6045550.
- Is INDIANA STATE UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1938.
- Are donations to INDIANA STATE UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDIANA STATE UNIVERSITY FOUNDATION INC 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 INDIANA STATE UNIVERSITY FOUNDATION INC 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 INDIANA STATE UNIVERSITY FOUNDATION INC 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 INDIANA STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Andrea L Angel.
- Who are the officers and directors of INDIANA STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 36 people; 0 received compensation from the organization.
- How much revenue does INDIANA STATE UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $19,425,902, expenses of $15,553,362 and total assets of $164,173,105 at year end.
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