THE ATHENAEUM FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

THE ATHENAEUM FOUNDATION INC

EIN 35-1834667 · Philanthropy, Voluntarism & Grantmaking Foundations (T30Z)

What they do

to FURTHER THE CHARITABLE, EDUCATIONAL, and OTHER EXEMPT PURPOSES of SUPPORTED ORGANIZATIONS BY REVITALIZING THE ARCHITECTURAL TREASURE ATHENAEUM BUILDING to SERVE THE INDIANAPOLIS COMMUNITY AS A CENTER for THE ARTS, ENTERTAINMENT and PHYSICAL FITNESS MAINTAINING ITS UNIQUE HISTORICAL CHARACTER.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $61.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

57.36%of revenue went to mission work61.7% of expenses · Program services

10.66%of revenue went to fundraising11.5% of expenses

$92.98spent for every $100 of revenueRevenue covered expenses this year.

24.97%of revenue went to management and office costs26.9% of expenses

$2.73in assets for every $1 spent this yearSome assets cannot be spent right away.

12.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $137,406 for CRAIG MINCE (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,827,108

Mission workProgram services$1,048,01957.36% of revenue61.7% of expenses

ManagementOffice and general costs$456,15724.97% of revenue26.9% of expenses

FundraisingAsking for donations$194,69310.66% of revenue11.5% of expenses

Revenue left after expensesReported annual surplus$128,2397.02% of revenueShown in gray on the chart

Total expenses$1,698,86992.98% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 61.7% mission · 26.9% management · 11.5% fundraisingTotal expenses: 92.98% of revenue

2023Expense mix: 64.4% mission · 26.6% management · 9.0% fundraisingTotal expenses: 44.79% of revenue

2022Expense mix: 65.0% mission · 26.5% management · 8.5% fundraisingTotal expenses: 101.16% of revenue

2021Expense mix: 71.5% mission · 23.6% management · 4.9% fundraisingTotal expenses: 72.97% of revenue

2020Expense mix: 66.5% mission · 27.1% management · 6.4% fundraisingTotal expenses: 71.29% of revenue

2019Expense mix: 73.8% mission · 21.1% management · 5.0% fundraisingTotal expenses: 103.20% of revenue

2017Expense mix: 80.3% mission · 15.0% management · 4.6% fundraisingTotal expenses: 100.51% of revenue

2016Expense mix: 83.1% mission · 13.1% management · 3.8% fundraisingTotal expenses: 97.57% of revenue

Money in and money out

Revenue$1,827,108

Expenses$1,698,869

Annual surplus $128,239 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,048,019 · 61.7% of expenses

Management and office costs$456,157 · 26.9% of expenses

Fundraising$194,693 · 11.5% of expenses

See all reported dollar amounts

Revenue$1,827,108

Expenses$1,698,869

Assets$4,641,877

Income$2,474,198

Contributions$228,151

Mission work (program services)$1,048,019

Fundraising$194,693

Management and general$456,157

Executive compensation (total)$114,540

Accounting fees$65,702

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

CRAIG MINCEPRESIDENT · 40 hrs/week $137,406Base $125,968 · Other $11,438

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (20)

CRAIG MINCEPRESIDENT

KATE WARPOOLMEMBER

TRINA DINGLEMEMBER

TODD SHELTONSECRETARY

TAYLOR SCHAFFERMEMBER

SUZANNE STANISMEMBER

NICHOLE NEUMANMEMBER

NATALIE CLAYTONVICE CHAIR

MICHAEL SAUERSMEMBER

MEGHAN DEMARS-KIGERCHAIR

KERT TOLERMEMBER

BRAD BOYDMEMBER

JUSTIN WADEMEMBER

JUSTIN SUFANTREASURER

JENNI WERNERMEMBER

GREG HENNEKEMEMBER

GILES HOYTMEMBER

DAVID KINGENMEMBER

DAN MCMICHAELMEMBER

CHRISTOPHER SCHNEIDERMEMBER

About this charity

Recognized since: January 1991
Location: 401 EAST MICHIGAN STREET, INDIANAPOLIS, IN 46204
County: Marion
In care of: CRAIG MINCE
Primary officer: CRAIG MINCE, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(317) 655-2755

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: BLUE & CO LLC
NTEE classification: Philanthropy, Voluntarism & Grantmaking Foundations (T30Z)
IRS tax category: Historical Sites