BALL STATE UNIVERSITY FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

BALL STATE UNIVERSITY FOUNDATION INC

EIN 35-6024566 · Education (B110)

What they do

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 Universitys Mission By Maintaining Its Reputation As An Institution of Excellence While Fostering A Culture of Philanthropy, Service, Volunteer Leadership, and Exemplary Fiduciary Responsibility.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $73.50 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 leaders48 people are listed in the latest report.

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

Money made simple

91.77%of revenue went to mission work73.5% of expenses · Program services

14.70%of revenue went to fundraising11.8% of expenses

$124.79spent for every $100 of revenueSpending was higher than revenue this year.

18.32%of revenue went to management and office costs14.7% of expenses

$11.63in assets for every $1 spent this yearSome assets cannot be spent right away.

89.4%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.

Worth asking: Expenses exceeded revenue by $7,496,031 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $340,338 for JEAN KRAMER CROSBY (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$30,232,984

Mission workProgram services$27,745,30491.77% of revenue73.5% of expenses

ManagementOffice and general costs$5,538,92018.32% of revenue14.7% of expenses

FundraisingAsking for donations$4,444,79114.70% of revenue11.8% of expenses

Total expenses$37,729,015124.79% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

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: 73.5% mission · 14.7% management · 11.8% fundraisingTotal expenses: 124.79% of revenue

2023Expense mix: 67.4% mission · 18.1% management · 14.5% fundraisingTotal expenses: 45.19% of revenue

2022Expense mix: 63.0% mission · 20.7% management · 16.3% fundraisingTotal expenses: 124.46% of revenue

2021Expense mix: 66.7% mission · 19.2% management · 14.1% fundraisingTotal expenses: 65.47% of revenue

2020Expense mix: 71.4% mission · 16.5% management · 12.2% fundraisingTotal expenses: 69.22% of revenue

2019Expense mix: 65.4% mission · 20.8% management · 13.9% fundraisingTotal expenses: 85.56% of revenue

2018Expense mix: 69.7% mission · 20.0% management · 10.3% fundraisingTotal expenses: 128.10% of revenue

2017Expense mix: 69.6% mission · 15.1% management · 15.3% fundraisingTotal expenses: 108.54% of revenue

Money in and money out

Revenue$30,232,984

Expenses$37,729,015

Annual shortfall $7,496,031 Expenses were higher than revenue 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)$27,745,304 · 73.5% of expenses

Management and office costs$5,538,920 · 14.7% of expenses

Fundraising$4,444,791 · 11.8% of expenses

See all reported dollar amounts

Revenue$30,232,984

Expenses$37,729,015

Assets$438,758,562

Income$74,975,494

Contributions$27,029,416

Mission work (program services)$27,745,304

Fundraising$4,444,791

Grants given$119,460,649

Average grant$8,532,904

Management and general$5,538,920

Executive compensation (total)$724,354

Stocks and bonds$290,192,568

Accounting fees$105,902

Investing fees$1,839,468

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

JEAN KRAMER CROSBYPRESIDENT · 51 hrs/week $340,338Base $307,156 · Other $33,182

DAVID MARK HELMUSCHIEF ADVANCEMENT OFFICER · 51 hrs/week $253,314Base $224,189 · Other $29,125

STEPHEN WACHTMANNCFO, TREASURER · 51 hrs/week $221,650Base $189,133 · Other $32,517

WILLIAM COOPERSR DIR DEVELOPMENT PRINCIPAL GIFTS · 51 hrs/week $200,412Base $173,417 · Other $26,995

LOLA MAUERAVP FOR ALUMNI ENGAGEMENT · 51 hrs/week $185,259Base $162,243 · Other $23,016

CARMELLA HISEAVP FOR DEVELOPMENT · 51 hrs/week $164,324Base $149,128 · Other $15,196

KELSEY KELLYAVP FOR DEVELOPMENT · 51 hrs/week $150,626Base $124,837 · Other $25,789

MARY SERINESR EXEC DIR OF ADVANCEMENT · 51 hrs/week $128,375Base $114,688 · Other $13,687

BETH ALEXANDERASSISTANT SECRETARY · 51 hrs/week $126,912Base $109,624 · Other $17,288

BRENDA DAVISSR DIRECTOR OF DEVELOPMENT · 51 hrs/week $125,190Base $105,647 · Other $19,543

DONALD RAY ALLENVP OF DEVELOPMENT · 51 hrs/week $120,835Base $114,687 · Other $6,148

GEOFFREY MEARNSEX-OFFICIO VICE CHAIR & PRES. · 1 hrs/week $74,426Base · Other $74,426

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 (48)

JEAN KRAMER CROSBYPRESIDENT

DAVID MARK HELMUSCHIEF ADVANCEMENT OFFICER

STEPHEN WACHTMANNCFO, TREASURER

WILLIAM COOPERSR DIR DEVELOPMENT PRINCIPAL GIFTS

LOLA MAUERAVP FOR ALUMNI ENGAGEMENT

CARMELLA HISEAVP FOR DEVELOPMENT

KELSEY KELLYAVP FOR DEVELOPMENT

MARY SERINESR EXEC DIR OF ADVANCEMENT

BETH ALEXANDERASSISTANT SECRETARY

BRENDA DAVISSR DIRECTOR OF DEVELOPMENT

DONALD RAY ALLENVP OF DEVELOPMENT

GEOFFREY MEARNSEX-OFFICIO VICE CHAIR & PRES.

ALAN FINNVP OF FINANCE & TREASURER (END 02/25)

JULIE K GRIFFITHBOARD MEMBER

SUE HODGES MOOREINTERIM VP FOR BUSINESS AFFAIRS & TREASURER (BEG 0

KYLE J WILLIAMSBOARD MEMBER

LOU E HENSLEYBOARD MEMBER

MARLA K TEMPLETONBOARD MEMBER

TIMOTHY M ANDREWSBOARD MEMBER

MICHAEL C RAYIMMEDIATE PAST CHAIR

MICHAEL E EARLEYBOARD MEMBER

MICHELLE A RYANBOARD MEMBER

NATALIE VEGA ONEILBOARD MEMBER

PATRICK J ALDERICECHAIR

RANDY D PHILLIPSBOARD MEMBER

RICHARD J HALLBOARD MEMBER

ROBERT S KASPARBOARD MEMBER

THOMAS B BRYANBOARD MEMBER

DWIGHT D SMITHBOARD MEMBER

BENTE M WEITEKAMPBOARD MEMBER

BETSY M ROSSBOARD MEMBER

BRIAN J HAYNESBOARD MEMBER

CHARLES A BARTHBOARD MEMBER

DAMITA J WILLIAMSBOARD MEMBER

DAN L MOLINAROBOARD MEMBER

DANIEL J TOWRISSBOARD MEMBER

DAVID W HEETERCHAIR-ELECT

DONALD D DUMOULIN IIBOARD MEMBER

KELLI A LAWRENCEBOARD MEMBER

ERIC J FOSSBOARD MEMBER

HENRY HALLBOARD MEMBER

JAMES D FIELDSBOARD MEMBER

JAMES R WILLIAMSBOARD MEMBER

JILL S LACYSECRETARY

JO ANN M GORABOARD MEMBER

KATHERINE A ARBUCKLEBOARD MEMBER

KATHERINE M DOERKSENBOARD MEMBER

KEITH A ROBINSONBOARD MEMBER

About this charity

Recognized since: January 1953
Location: 2800 W Bethel Avenue, Muncie, IN 47304
County: Delaware
In care of: Jean Kramer Crosby
Primary officer: Jean Kramer Crosby, President

How to reach them

WebsiteVisit the charity’s website Emailcvc@bsu.edu.ballstatesports.comhttps Phone(765) 285-8312

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: FORVIS MAZARS LLP
NTEE classification: Education (B110)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes