Civic Intelligence

James Whitcomb Riley Memorial Association

EIN 35-0868147 • 501(c)3 • Indianapolis, IN

View Organization Page

Profile

To support fundraising activities for riley hospital for children, camp riley and the riley museum home.

500 N Meridian St Ste 100Indianapolis, IN 46204

www.rileykids.org

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.08x

Higher debt load relative to assets than 22% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

60th percentile

0.61x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

65th percentile

9.5%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

37th percentile

$623,638

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Asset Growth

69th percentile

10%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Revenue Growth

20th percentile

-1.3%

Faster revenue growth than 20% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$558,205,733

Up $129,175,879 (+30%) from 2022

Liabilities

Up

$44,535,198

Up $6,697,231 (+18%) from 2022

Net Assets

Up

$513,670,535

Up $122,478,648 (+31%) from 2022

Operations
Liabilities / Revenue60th percentileNet Margin65th percentile

Revenue

Up

$72,810,348

Up $4,267,150 (+6.2%) from 2022

Expenses

Up

$65,891,897

Up $20,039,551 (+44%) from 2022

Net Income

Down

$6,918,451

Down $15,772,401 (-70%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth69th percentile

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

$600M$400M$200M$0Assets 2010: $274,033,719Liabilities 2010: $34,022,634Net Assets 2010: $240,011,0852010Assets 2011: $310,548,877Liabilities 2011: $25,700,461Net Assets 2011: $284,848,4162011Assets 2012: $307,205,265Liabilities 2012: $18,291,782Net Assets 2012: $288,913,4832012Assets 2014: $364,853,663Liabilities 2014: $15,297,985Net Assets 2014: $349,555,6782014Assets 2015: $372,868,529Liabilities 2015: $21,658,287Net Assets 2015: $351,210,2422015Assets 2016: $363,570,939Liabilities 2016: $25,856,304Net Assets 2016: $337,714,6352016Assets 2017: $396,097,938Liabilities 2017: $36,357,217Net Assets 2017: $359,740,7212017Assets 2018: $408,350,274Liabilities 2018: $32,917,327Net Assets 2018: $375,432,9472018Assets 2019: $400,295,560Liabilities 2019: $30,648,813Net Assets 2019: $369,646,7472019Assets 2020: $387,543,963Liabilities 2020: $36,444,268Net Assets 2020: $351,099,6952020Assets 2021: $468,556,555Liabilities 2021: $35,115,374Net Assets 2021: $433,441,1812021Assets 2022: $429,029,854Liabilities 2022: $37,837,967Net Assets 2022: $391,191,8872022Assets 2025: $558,205,733Liabilities 2025: $44,535,198Net Assets 2025: $513,670,5352025

Highlighted filing

2025

Assets$558,205,733
Liabilities$44,535,198
Net Assets$513,670,535
Open 2025 Filing

Operations Trend

Revenue Growth20th percentile

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

$100M$50M$0-$50MExpenses 2010: $16,519,1482010Expenses 2011: $17,677,3742011Expenses 2012: $21,523,5852012Revenue 2014: $32,199,766Expenses 2014: $29,431,357Net Income 2014: $2,768,4092014Revenue 2015: $40,839,585Expenses 2015: $38,948,813Net Income 2015: $1,890,7722015Revenue 2016: $37,073,576Expenses 2016: $38,315,102Net Income 2016: -$1,241,5262016Revenue 2017: $44,598,714Expenses 2017: $46,249,962Net Income 2017: -$1,651,2482017Revenue 2018: $92,398,361Expenses 2018: $45,889,872Net Income 2018: $46,508,4892018Revenue 2019: $40,073,840Expenses 2019: $44,903,101Net Income 2019: -$4,829,2612019Revenue 2020: $19,574,216Expenses 2020: $47,783,133Net Income 2020: -$28,208,9172020Revenue 2021: $48,925,083Expenses 2021: $46,874,411Net Income 2021: $2,050,6722021Revenue 2022: $68,543,198Expenses 2022: $45,852,346Net Income 2022: $22,690,8522022Revenue 2025: $72,810,348Expenses 2025: $65,891,897Net Income 2025: $6,918,4512025

Highlighted filing

2025

Revenue$72,810,348
Expenses$65,891,897
Net Income$6,918,451
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$558,205,733
Liabilities
$44,535,198
Net assets
$513,670,535
Revenue
$72,810,348
Expenses
$65,891,897
Net income
$6,918,451
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$558$44.5$514$72.8$65.9$6.92
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$429$37.8$391$68.5$45.9$22.7
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$469$35.1$433$48.9$46.9$2.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$388$36.4$351$19.6$47.8$28.2
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$400$30.6$370$40.1$44.9$4.83
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$408$32.9$375$92.4$45.9$46.5
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$396$36.4$360$44.6$46.2$1.65
2016Detailed filing. Detailed filing data is available for this year.$364$25.9$338$37.1$38.3$1.24
2015Detailed filing. Detailed filing data is available for this year.$373$21.7$351$40.8$38.9$1.89
2014Detailed filing. Detailed filing data is available for this year.$365$15.3$350$32.2$29.4$2.77
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$307$18.3$289$21.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$311$25.7$285$17.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$274$34.0$240$16.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 14, 2026
Return Version
2024v5.1
Gross Receipts
$186,685,797
Mission and Program Overview

Mission

Riley children's endowment raises funds to sustain and advance the life-saving and life-changing care provided by riley hospital for children, to spur research discoveries that will lead to new treatments and cures for devastating childhood illnesses and injuries, and to perpetuate the memory of our namesake, beloved hoosier poet james whitcomb riley.

The endowment's vision is to ensure all children have equitable access to exceptional healthcare so they may reach their optimal health and quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$207,103,914$245,930,312▲ $38,826,398
Investments Other Securities$221,851,932$236,020,122▲ $14,168,190
Pledges and Grants Receivable$21,800,931$22,310,328▲ $509,397
Savings and Temporary Cash Investments$12,865,489$8,068,145▼ $4,797,344
Land, Buildings, and Equipment, Net$1,236,429$1,355,940▲ $119,511
Prepaid Expenses and Deferred Charges$812,623$821,666▲ $9,043
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$506,758,930$558,205,733▲ $51,446,803
Other Assets Total$41,087,612$43,699,220▲ $2,611,608
Liabilities
Grants Payable$32,644,332$39,021,706▲ $6,377,374
Other Liabilities$3,032,279$4,129,427▲ $1,097,148
Accounts Payable and Accrued Expenses$1,951,651$1,384,065▼ $567,586
Total Liabilities$37,628,262$44,535,198▲ $6,906,936
Net Assets / Fund Balance
Net Assets With Donor Restrictions$236,131,324$262,661,789▲ $26,530,465
Net Assets Without Donor Restrictions$232,999,344$251,008,746▲ $18,009,402
Total Net Assets Fund Balance$469,130,668$513,670,535▲ $44,539,867
Total Liabilities and Net Assets / Fund Balance$506,758,930$558,205,733▲ $51,446,803

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$830,391$480,752$1,311,143
Equipment$367,347$547,762$915,109
Leasehold Improvements$158,202$152,319$310,521
Other Assets Org$506,948--
Other Securities$2,500,948--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$212,856,755$5,661,274▲ $29,652,939-$237,967,865
2023$191,131,062$6,435,822▲ $25,181,459-$212,856,755
2022$178,640,285$2,058,352▲ $19,855,180-$191,131,062
2021$206,340,118$2,945,214▼ $21,775,328-$178,640,285
2020$161,396,280$3,467,840▲ $49,954,510-$206,340,118
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth A ElkasPresident and CEO (End 12/2024)FT$406,107$217,531$623,638
Meghan MillerChief Operating OfficerFT$257,535$66,192$323,727
Karen SpataroChief Campaign Strategy & Communications OfficerFT$230,824$59,786$290,610
Cara LathropVP, Community GivingFT$199,506$29,841$229,347
Billy Jo CripeVP, FinanceFT$173,847$30,378$204,225
Bill HaleVP, PeopleFT$164,026$39,510$203,536
Alane HelmerVP, Corporate and FoundationFT$127,480$43,475$170,955
Meghan FreemanAVP, Marketing and CommunicationsFT$130,289$20,736$151,025

Board Members and Trustees

NameTitle
Leah Corinne Martinson MDChairman (Eff 11/2024)
J Murray ClarkChairman (End 11/2024)
Otto N Frenzel IVVice Chair & Secretary (Eff 11/2024)
Alan L SchwartzBoard Member
Alonzo WeemsBoard Member
Amy BalciusBoard Member
C Perry Griffith JrBoard Member
Casey CrouseBoard Member
Dan HannBoard Member
Dennis M MurphyBoard Member
Faraz AbbasiBoard Member
Georgette SmithBoard Member
Jana HagemanBoard Member
Janet HolcombBoard Member
Jay HessBoard Member
Jerome Henry JrBoard Member
John AckermanBoard Member
Jon OwensBoard Member
Joyce RogersBoard Member
Julie EskenaziBoard Member
Kristian StricklenBoard Member
Laurie Burns McRobbieBoard Member
Marisol SanchezBoard Member
Mark SmithBoard Member
Marta BirgeBoard Member
Mary BoelkeBoard Member
Pamela WhittenBoard Member
Regina CrossBoard Member
Robert G JonesBoard Member
Steve DawsonBoard Member
Christine RicksBoard Member (Begin 11/2024)
Joseph SmithBoard Member (Begin 11/2024)
Kristin PruittBoard Member (Begin 11/2024)
Rachel LechleiterBoard Member (Begin 11/2024)
Michael L SmithBoard Member (End 11/2024)
Rev Edward A MalloyBoard Member (End 11/2024)
John Dillon IIIBoard Member (End 6/30/2025)
Gabriel AlejandroTreasurer (Eff 11/2024)

Highest Paid Contractors

ContractorServicesLocationCompensation
CornerStone Partners LLCInvestment Consulting675 Peter Jefferson Parkway, Suite 400, Charlottesville, VA 22911$993,432
Three-Sixty Group IncAdvertising/Promotion212 W 10th Street, Suite F-190, Indianapolis, IN 46202$704,796
DaVinci Direct IncDirect Mail36 Loring Blvd, 339, Plymouth, MA 02360$457,117
LEAP Managed ITIT Services5752 West Kilgore Ave, Muncie, IN 47304$210,111
Isaacson Miller IncExecutive Search ServicesPO Box 70799, Philadelphia, PA 19176$162,500
Revenue and Support

Revenue Composition

Contributions and Grants
$50,066,173
Program Service Revenue
$32,942
Investment Income
$23,158,661
Other Revenue
$-447,428
All Other Contributions
$44,889,586
Change in Net Assets
$6,918,451

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded47$3,578,021Market value
Other Non Cash Contri Table4$184,964Market value
Other Non Cash Contri Table11$50,241Cost
Total Noncash Contributions62$3,813,226-

Audited Revenue Reconciliation

Revenue per Audited Statements
$71,816,916
Revenue Not Reported on Financial Statements
$993,432
Revenue Not Reported on Form 990
$38,577,860
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$110,394,776
Total Revenue per Form 990
$72,810,348
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$49,286,268
Total Fundraising Expense$10,706,239
Salaries, Compensation, and Employee Benefits$8,987,318
Other Expenses$7,161,194
Professional Fundraising Fees$457,117

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$48,889,204--$48,889,204
Other Salaries and Wages$194,629$887,556$4,791,510$5,873,695
Current Officers, Directors, Trustees, and Key Employees-$558,442$807,783$1,366,225
Fees for Service Investment Mgmnt Fees-$993,432-$993,432
Advertising$4,565$709,845$91,414$805,824
Information Technology$3,337$231,873$558,385$793,595
Other Employee Benefits$20,908$166,372$598,376$785,656
All Other Expenses$13,222$286,738$416,195$716,155
Other Expenses$1,585$675,000$144,453$675,000
Payroll Taxes$13,119$104,393$375,459$492,971
Pension Plan Contributions$10,518$186,409$271,844$468,771
Fees for Services Professional Fundraising--$457,117$457,117
Grants to Domestic Individuals$397,064--$397,064
Office Expenses$13,103$140,466$168,646$322,215
Fees for Services Management-$86,624$225,672$312,296
Occupancy$68,988$79,840$159,317$308,145
Conferences and Meetings$9,220$15,265$201,117$225,602
Insurance$18,721$162,911$22,760$204,392
Depreciation Depletion$45,341$26,192$52,966$124,499
Travel$249$25,465$85,106$110,820
Fees for Services Legal-$56,150$34,862$91,012
Fees for Services Accounting-$75,443-$75,443
Total Functional Expenses$49,703,773$5,481,885$10,706,239$65,891,897

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$65,891,897
Total Expenses per Audited Statements$65,854,909
Expenses per Audited Statements$64,898,465
Expenses Not Reported on Financial Statements$993,432
Expenses Not Reported on Form 990$956,444
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Indiana UniversityIndianapolis, IN-Hospital Programs$31,783,285
Indiana University HealthIndianapolis, IN-Hospital Programs$14,547,402
Purdue UniversityWest Lafayette, IN-Nutritional Research$1,250,000
IU Foundation Bradford WoodsBloomington, IN-Camp Riley$1,080,965

International Summary

Offices
0
Employees
0
Spending
$136,580,255

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsN/a00$136,580,255
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$613,594
Professional Fundraising Fees$457,117
Fundraising Gross Income$144,456

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Red for our Kids 2025$766,796$96,559$53,303$43,256
IUDM and Gala$2,522,139$47,897$63,504$-15,607
Total Events$3,288,935$144,456$613,594$-469,138
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities$2,500,948
Federal Income Taxes$1,095,610
Inv. Held on Behalf of IU$532,869
Operating Lease Liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

“Leah Corinne Martinson & Marta Birge - Business relationship, Otto Frenzel, IV & Perry Griffith - Business relationship”

Form 990, Part VI, Line 4 Significant changes to organizational documents

“The Endowment bylaws were updated to allow for a 51% majority vote to elect new Life Governors to align the policy with the election of active governors. Additionally, added language to allow Life Governors to vote in committee meetings.”

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

“Indiana university has the right to appoint a majority of the endowment's board members.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“The draft of form 990 is reviewed in detail by the vice president, finance and the chief operating officer after being prepared by an independent accounting firm. The draft of form 990 is reviewed by the audit committee and the final version of the form 990 is distributed to the full board for review prior to filing.”

Form 990, Part VI, Line 12C Conflict of interest policy

“The board administrator ensures all board members submit a signed conflict of interest statement annually. All reported conflicts are reviewed and any concerns are followed up on. If a board member has a conflict of interest they abstain from voting on that issue.”

Form 990, Part VI, Line 15A Process to establish compensation of top management official

“Compensation for the president and key employees is reviewed and approved annually by the board of directors. The compensation committee of the board uses a biennial compensation and benefits survey provided by a human resource consulting firm for comparability data. In november 2023 an independent consultant performed the review of compensation and benefits. Decisions on compensation and benefits are documented in board minutes and included in board files and the president and key employee personnel files.”

Form 990, Part VI, Line 15B Process to establish compensation of other employees

“See Form 990, Part VI, Line 15a above.”

Form 990, Part VI, Line 19 Required documents available to the public

“Audited financial statements are available on the organization's website. Governing documents and conflict of interest policy are available upon request.”

Filing and Contact Details

Filer

Filer Name
James Whitcomb Riley Memorial Association
EIN
35-0868147
Phone
3176344474
Address
500 N Meridian St Ste 100, Indianapolis, IN 46204
Doing Business As
Riley Children's Endowment

Signing Officer

Name
Billy Jo Cripe
Title
VP, Finance
Phone
3176344474
Signed
2026-01-14
Discuss with paid preparer
Yes

Organization Details

Formed
1921
Legal Domicile
In
Voting Board Members
35
Independent Board Members
35
Employees
83
Volunteers
100

Preparer

Firm
Forvis Mazars LLP
Address
820 Massachusetts Ave Suite 1370, Indianapolis, IN 46204
Preparer
Nicole Fishback
Phone
3173834000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

“UNCOLLECTIBLE PLEDGES - -84250; Total - -84250;”

Form 990, Part XII, Line 2C

“The audit committee selects the independent auditor and oversees the audit of the financial statements.”

Financial Statement Notes

Schedule D, Part X ASC 740 DISCLOSURE:

“Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.”

Schedule D, Part III, Line 1A Collections of art - financial statement footnote

“The endowment has a collection of books, paintings and other memorabilia of james whitcomb riley. Some of the collections are on display at the riley museum home. The collections are not reflected in the accompanying financial statements because the endowment does not capitalize collections.”

Schedule D, Part III, Line 4 Collections of art - description of collections

“The collections of books, paintings and other memorabilia of james whitcomb riley further the organization's exempt purpose by commemorating the life of poet james whitcomb riley. Some of the collections are on display at the riley museum home.”

Schedule D, Part V, Line 4 Intended uses of endowment funds

“The endowment consists of approximately 225 individual funds established to support a variety of purposes, including clinical care, pediatric research, education, camp riley, the riley museum home and the operations of the endowment.”

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

“Fundraising expenses - 613594”

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

“Uncollectible pledges - 84250 fundraising expenses - 613594”

Raw XML AppendixShowing 400 of 1,370 raw XML fields

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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