Civic Intelligence

Indiana Karst Conservancy

EIN 31-1185033 • 501(c)3 • Indianapolis, IN

Profile

The Indiana Karst Conservancy is a non-profit organization dedicated to the conservation and preservation of caves and karst features in Indiana. The Conservancy encourages research and promotes education related to karst and its proper, environmentally compatible use.

PO Box 2401Indianapolis, IN 46206-2401

ikc.caves.org

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

95th percentile

73%

Higher net margin than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

20th percentile

-6.0%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-92%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$1,708,150

Up $155,522 (+10%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$1,708,150

Up $155,522 (+10%) from 2023

Operations
Liabilities / Revenue19th percentileNet Margin95th percentile

Revenue

Down

$58,160

Down $150,966 (-72%) from 2023

Expenses

Down

$11,296

Down $207,272 (-95%) from 2023

Net Income

Up

$46,864

Up $56,306 (+596%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth20th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2020: $870,381Liabilities 2020: $0Net Assets 2020: $870,3812020Assets 2021: $1,336,474Liabilities 2021: $0Net Assets 2021: $1,336,4742021Assets 2022: $1,256,562Liabilities 2022: $0Net Assets 2022: $1,256,5622022Assets 2023: $1,552,628Liabilities 2023: $0Net Assets 2023: $1,552,6282023Assets 2024: $1,708,150Liabilities 2024: $0Net Assets 2024: $1,708,1502024

Highlighted filing

2024

Assets$1,708,150
Liabilities$0
Net Assets$1,708,150
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

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

$600K$400K$200K$0-$200KRevenue 2020: $54,954Expenses 2020: $76,942Net Income 2020: -$21,9882020Revenue 2021: $450,505Expenses 2021: $25,058Net Income 2021: $425,4472021Revenue 2022: $35,924Expenses 2022: $9,577Net Income 2022: $26,3472022Revenue 2023: $209,126Expenses 2023: $218,568Net Income 2023: -$9,4422023Revenue 2024: $58,160Expenses 2024: $11,296Net Income 2024: $46,8642024

Highlighted filing

2024

Revenue$58,160
Expenses$11,296
Net Income$46,864
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,708,150
Liabilities
$0
Net assets
$1,708,150
Revenue
$58,160
Expenses
$11,296
Net income
$46,864
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.71$0.06$0.01$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.55$0.00$1.55$0.21$0.22$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.04$0.01$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$0.45$0.03$0.43
2020Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.05$0.08$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 1, 2025
Return Version
2024v5.0
Gross Receipts
$58,160
Mission and Program Overview

Mission

The Indiana Karst Conservancy is a non-profit organization dedicated to the conservation and preservation of caves and karst features in Indiana. The Conservancy encourages research and promotes education related to karst and its proper, environmentally compatible use.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$887,013$887,013→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$887,013$887,013→ $0
Investments in Publicly Traded Securities$522,067$630,725▲ $108,658
Rtn Earn Endowment Incm Other Fnds$522,067$630,725▲ $108,658
Cap Stk Tr Prin Current Funds$143,548$190,412▲ $46,864
Savings and Temporary Cash Investments$129,800$176,408▲ $46,608
Cash and Non-Interest-Bearing Accounts$13,748$14,004▲ $256
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,552,628$1,708,150▲ $155,522
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,552,628$1,708,150▲ $155,522
Total Liabilities and Net Assets / Fund Balance$1,552,628$1,708,150▲ $155,522

Asset Categories

AssetBook ValueDepreciationBasis
Land$873,613-$873,613
Buildings$13,400$0$13,400
Other Land Buildings$0$0$0
Equipment$0$0$0
Leasehold Improvements$0$0$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$522,067$0▲ $108,658$0$630,725
2023$401,870$20,500▲ $99,697$0$522,067
2022$508,129$0▼ $106,259$0$401,870
2021$74,216$409,200▲ $24,713$0$508,129
2020$73,496$0▲ $720$0$74,216
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Matt SeligPresident
Bill BausDirector
Brandon ChasteenDirector
Bruce BowmanDirector
Carla Striegel-WinnerDirector
Cris SeuellDirector
Danyele GreenDirector
Goni IskaliDirector
Jeff CodyDirector
Joe KinderDirector
Richard VernierDirector
Scott FroschDirector
Tom SollmanDirector
Laura DemarestSecretary
Keith DunlapTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$49,476
Program Service Revenue
$950
Investment Income
$7,734
Other Revenue
$0
All Other Contributions
$44,425
Change in Net Assets
$46,864
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,796
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$1,811$0$0$1,811
Office Expenses$1,154$0$0$1,154
Grants to Domestic Orgs$500--$500
Other Expenses$371$0$0$371
Total Functional Expenses$11,296$0$0$11,296
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has dues paying members.”

Form 990, Part VI, Section A, Line 7A

“The organization's members elect the members of the Executive Board. At a typical annual election, the membership elects the three Officers (who serve 1-year terms) and four of the twelve Directors (who serve staggered 3-year terms). Thus the membership annually elect/re-elect seven of the fifteen member Executive Board.”

Form 990, Part VI, Section A, Line 7B

“The only decisions made by the membership besides electing the governing body is to approve Bylaw and Articles of Incorporation changes, so the membership do not directly approve decisions of the governing body.”

Form 990, Part VI, Section B, Line 11B

“After the preliminary form 990 is completed by the Treasurer, copies are distributed to all Board members for reviews, comments, and corrections prior to the form being signed and submitted.”

Form 990, Part VI, Section C, Line 19

“The IKC posts all of its governing documents on its public website. The IKC publishes its quarterly financials in its quarterly newsletter which is also posted on its public website.”

Filing and Contact Details

Filer

Filer Name
Indiana Karst Conservancy
EIN
31-1185033
Phone
3178825420
Address
PO Box 2401, Indianapolis, IN 46206-2401

Signing Officer

Name
Keith Dunlap
Title
Treasurer
Phone
3178825420
Signed
2025-04-01

Organization Details

Principal Officer
Matthew A Selig
Formed
1986
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
50
Supplemental Narrative

Financial Statement Notes

Schedule D, Part II, Line 9

“Our conservation easement monitoring expenses are included in our general "stewardship" category. The conservation easement in our balance sheet is shown as a nominal $1/acre placeholder indicating it has little, if any, value and may constitute a long-term liability.”

Schedule D, Part V, Line 4

“Our Board-designated quasi-endowment Stewardship Endowment Fund, once the threshold amount is exceeded, is for long-term monitoring and defense of our conservation easement and for long-term stewardship of our fee-owned real estate held for conservation protection. Our Board-designated quasi-endowment Gale & Ray Beach Endowment Fund, once the threshold amount is exceeded, is to eventually provide revenue for the organization.”

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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0500
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IRS990/GrossReceiptsAmt058160
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt0630725
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IRS990/LandBldgEquipCostOrOtherBssAmt0887013
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IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0The Indiana Karst Conservancy is a non-profit organization dedicated to the conservation and preservation of caves and karst features in Indiana. The Conservancy encourages research and promotes education related to karst and its proper, environmentally compatible use.
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt03885
IRS990/OtherExpensesGrp/ProgramServicesAmt12025
IRS990/OtherExpensesGrp/ProgramServicesAmt21550
IRS990/OtherExpensesGrp/ProgramServicesAmt3371
IRS990/OtherExpensesGrp/TotalAmt03885
IRS990/OtherExpensesGrp/TotalAmt12025
IRS990/OtherExpensesGrp/TotalAmt21550
IRS990/OtherExpensesGrp/TotalAmt3371
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IRS990/PrincipalOfficerNm0Matthew A Selig
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IRS990/ProgSrvcAccomActy2Grp/Desc0Land Stewardship - The Indiana Karst Conservancy over the years has acquired seven conservation properties and one conservation easement to protect and promote karst education. In 2024, we continued to expended resources (funds and volunteer labor) at our various preserves, including trail maintenance, tree planting, invasive plant control, and the restoration and maintenance of our preserves.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Training - The IKC sponsored an Orientation to Cave Rescue in 2024 with approximately 25 participants. There was a participation fee but it did not cover the total cost of the training.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01550
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0950
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Other program expenses including liability insurance, property taxes, and support for the Indiana Land Protection Alliance.
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