Civic Intelligence

Ralph W & Grace M Showalter Research Tr

EIN 23-7313242 • 501(c)3 • Chicago, IL

Profile

To provide for medical and scientific research at indiana and purdue university

10 S Dearborn Il1-0111Chicago, IL 60603

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

78th percentile

24%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

61st percentile

$309,964

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

37th percentile

1.8%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

80th percentile

33%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Up

$46,103,505

Up $799,743 (+1.8%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$46,103,505

Up $799,743 (+1.8%) from 2024

Revenue

Up

$3,266,613

Up $810,103 (+33%) from 2024

Expenses

Up

$2,466,900

Up $87,834 (+3.7%) from 2024

Net Income

Up

$799,713

Up $722,269 (+933%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $31,371,315Liabilities 2010: $0Net Assets 2010: $31,371,3152010Assets 2011: $31,842,504Liabilities 2011: $0Net Assets 2011: $31,842,5042011Assets 2012: $32,004,583Liabilities 2012: $0Net Assets 2012: $32,004,5832012Assets 2018: $41,451,759Liabilities 2018: $0Net Assets 2018: $41,451,7592018Assets 2019: $40,802,208Liabilities 2019: $0Net Assets 2019: $40,802,2082019Assets 2020: $40,182,961Liabilities 2020: $0Net Assets 2020: $40,182,9612020Assets 2021: $42,749,475Liabilities 2021: $0Net Assets 2021: $42,749,4752021Assets 2022: $44,723,750Liabilities 2022: $0Net Assets 2022: $44,723,7502022Assets 2023: $45,259,081Liabilities 2023: $0Net Assets 2023: $45,259,0812023Assets 2024: $45,303,762Liabilities 2024: $0Net Assets 2024: $45,303,7622024Assets 2025: $46,103,505Liabilities 2025: $0Net Assets 2025: $46,103,5052025

Highlighted filing

2025

Assets$46,103,505
Liabilities$0
Net Assets$46,103,505

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,675,0312010Expenses 2011: $1,644,7232011Expenses 2012: $1,642,6572012Revenue 2018: $3,329,597Expenses 2018: $2,290,962Net Income 2018: $1,038,6352018Revenue 2019: $2,625,687Expenses 2019: $2,317,874Net Income 2019: $307,8132019Revenue 2020: $1,697,009Expenses 2020: $2,322,218Net Income 2020: -$625,2092020Revenue 2021: $4,886,868Expenses 2021: $2,327,140Net Income 2021: $2,559,7282021Revenue 2022: $4,423,045Expenses 2022: $2,451,248Net Income 2022: $1,971,7972022Revenue 2023: $2,765,636Expenses 2023: $2,234,369Net Income 2023: $531,2672023Revenue 2024: $2,456,510Expenses 2024: $2,379,066Net Income 2024: $77,4442024Revenue 2025: $3,266,613Expenses 2025: $2,466,900Net Income 2025: $799,7132025

Highlighted filing

2025

Revenue$3,266,613
Expenses$2,466,900
Net Income$799,713

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Sep 15, 2025
Return Version
2024v5.2
Gross Receipts
$10,170,548
Mission and Program Overview

Mission

To provide for medical and scientific research at indiana and purdue university

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$45,303,762$46,103,505▲ $799,743
Investments in Publicly Traded Securities$44,819,097$45,864,377▲ $1,045,280
Savings and Temporary Cash Investments$466,240$216,718▼ $249,522
Cash and Non-Interest-Bearing Accounts$18,425$22,410▲ $3,985
Total Assets$45,303,762$46,103,505▲ $799,743
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$45,303,762$46,103,505▲ $799,743
Total Liabilities and Net Assets / Fund Balance$45,303,762$46,103,505▲ $799,743
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
-TrusteePT$309,964$309,964
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$3,266,403
Other Revenue
$210
Change in Net Assets
$799,713
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,105,239
Salaries, Compensation, and Employee Benefits$309,964
Other Expenses$51,697
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,105,239--$2,105,239
Current Officers, Directors, Trustees, and Key Employees$92,035$217,929-$309,964
Fees for Services Other$50,000--$50,000
Other Expenses-$1,697-$1,697
Total Functional Expenses$2,247,274$219,626$0$2,466,900
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Indiana UniversityIndianapolis, IN501(c)(3)Program Support$1,063,239
Purdue UniversityWest Lafayette, IN501(c)(3)Program Support$1,042,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11-description of Process for Review

Trustee reviews all underlying monetary and factual information before the irs form 990 is filed.

Form 990, Page 6, Part VI, Line 19

As trustee, jp morgan chase bank na maintains a close and continuous working relationship with the officers of the supported organization.the governing documents are not available to the general public, but have been given and are available to all interested parties such as beneficiaries, trustees, executors, etc. Jp morgan chase bank na does not have a public conflict of interest policy. However, the governing documents and state law impose limitations of trustee powers that jp morgan chase bank na strictly follows. Financial statements are sent to each charitable beneficiary for review and comment.

Filing and Contact Details

Filer

Filer Name
Ralph W & Grace M Showalter Research Tr
EIN
23-7313242
Phone
8004962583
Address
10 S DEARBORN IL1-0111, CHICAGO, IL 60603

Signing Officer

Name
Krystal Zec
Title
Vice President
Phone
8004962583
Signed
2025-09-15
Discuss with paid preparer
Yes

Organization Details

Formed
1970
Legal Domicile
In
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Ernst & Young US Llp
Address
99 WOOD AVE SOUTH, ISELIN, NJ 08830
Preparer
Heather a Hawes
Phone
7327679100
Supplemental Narrative

Additional Explanations

Explanation for Form 990, Part XI, Line 9

Cost basis adjustment:243.44, 2025 transaction posted in 2024: (240.94), 2024 transaction posted in 2023: 310.04; accured int paid carryover : (276.10); rounding; (6.44)

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt053662308
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt0919429
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt0811214
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt060375830
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt053269687
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt02113154
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt01864439
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt061295259
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt054080901
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt02113154
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt01864439
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0356001673
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1356002041
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd15
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01063239
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt11042000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0INDIANA UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1PURDUE UNIVERSITY
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IRS990ScheduleA/SupportSumAmt02105239
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IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt01063239
IRS990ScheduleI/RecipientTable/CashGrantAmt11042000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0INDIANA UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1PURDUE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0SCHOOL OF MEDICINE
IRS990ScheduleI/RecipientTable/RecipientEIN0356021513
IRS990ScheduleI/RecipientTable/RecipientEIN1356002041
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01120 SOUTH DRIVE SUITE 302
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1610 PURDUE MALL HOVDE HALL
IRS990ScheduleI/RecipientTable/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1WEST LAFAYETTE
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IN
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0TRUST ACCOUNTING RECORDS ARE MAINTAINED IN A DEDICATED TRUST ACCOUNTING SYSTEM. REPORTS ARE REGULARLY OBTAINED FROM THIS SYSTEM. TRUST ADMINISTRATORS FOLLOW THE RULES AND REGULATIONS GOVERNING CONTINUITY AND MAINTENANCE OF EXEMPT STATUS WHILE ALSO CARRYING OUT INDIVIDUAL TRUSTOR INTENT. DUTIES INCLUDE ANNUAL TRUST REVIEW, ISSUING REPORTS, IDENTIFYING CHARITABLE RECIPIENTS, RESEARCHING TAX STATUS OF POTENTIAL CHARITABLE RECIPIENTS, AND MAKING NECESSARY INCOME DISTRIBUTIONS FROM EACH TRUST.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRUSTEE REVIEWS ALL UNDERLYING MONETARY AND FACTUAL INFORMATION BEFORE THE IRS FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS TRUSTEE, JP MORGAN CHASE BANK NA MAINTAINS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE OFFICERS OF THE SUPPORTED ORGANIZATION.THE GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC, BUT HAVE BEEN GIVEN AND ARE AVAILABLE TO ALL INTERESTED PARTIES SUCH AS BENEFICIARIES, TRUSTEES, EXECUTORS, ETC. JP MORGAN CHASE BANK NA DOES NOT HAVE A PUBLIC CONFLICT OF INTEREST POLICY. HOWEVER, THE GOVERNING DOCUMENTS AND STATE LAW IMPOSE LIMITATIONS OF TRUSTEE POWERS THAT JP MORGAN CHASE BANK NA STRICTLY FOLLOWS. FINANCIAL STATEMENTS ARE SENT TO EACH CHARITABLE BENEFICIARY FOR REVIEW AND COMMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COST BASIS ADJUSTMENT:243.44, 2025 TRANSACTION POSTED IN 2024: (240.94), 2024 TRANSACTION POSTED IN 2023: 310.04; ACCURED INT PAID CARRYOVER : (276.10); ROUNDING; (6.44)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2EXPLANATION FOR FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0INDIANA SCHOOL OF MEDICINE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1PURDUE UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0356021513
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1356002041
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt05
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt15
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01120 SOUTH DRIVE SUITE 302
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1610 PURDUE MALL HOVDE HALL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1WEST LAFAYETTE
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd147907
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01063239
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt11042000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1PURDUE UNIVERSITY
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1b
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IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt045303762
IRS990/TotalAssetsEOYAmt046103505
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IRS990/TotalAssetsGrp/EOYAmt046103505
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0219626
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02247274
IRS990/TotalFunctionalExpensesGrp/TotalAmt02466900
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02247274
IRS990/TotalReportableCompFromOrgAmt0309964
IRS990/TotalRevenueGrp/ExclusionAmt03266613
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03266613
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

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