Civic Intelligence

Wfyi Foundation Inc

EIN 35-1961650 • 501(c)3 • Indianapolis, IN

Profile

WFYI Foundation enables supporters of public media to invest in ensuring ongoing access to excellent information about issues that matter to central Indiana.

1630 N Meridian StIndianapolis, IN 46202

www.wfyi.org/foundation-support

Siviq Scores

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

Liabilities / Assets

19th percentile

0.01x

Higher debt load relative to assets than 19% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

31st percentile

0.06x

Higher debt load relative to revenue than 31% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

85th percentile

40%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

75th percentile

16%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

19th percentile

-12%

Faster revenue growth than 19% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Assets

Up

$6,839,591

Up $1,300,420 (+23%) from 2023

Liabilities

Up

$58,145

Up $13,643 (+31%) from 2023

Net Assets

Up

$6,781,446

Up $1,286,777 (+23%) from 2023

Revenue

Up

$912,527

Up $699,927 (+329%) from 2023

Expenses

Up

$543,118

Up $497,341 (+1086%) from 2023

Net Income

Up

$369,409

Up $202,586 (+121%) from 2023

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,247,425Liabilities 2010: $2,707Net Assets 2010: $2,244,7182010Assets 2011: $3,149,090Liabilities 2011: $14,046Net Assets 2011: $3,135,0442011Assets 2012: $2,733,574Liabilities 2012: $0Net Assets 2012: $2,733,5742012Assets 2013: $2,971,141Liabilities 2013: $6,275Net Assets 2013: $2,964,8662013Assets 2014: $3,487,774Liabilities 2014: $15,080Net Assets 2014: $3,472,6942014Assets 2015: $3,304,174Liabilities 2015: $27,755Net Assets 2015: $3,276,4192015Assets 2016: $3,361,712Liabilities 2016: $20,041Net Assets 2016: $3,341,6712016Assets 2017: $3,680,731Liabilities 2017: $11,556Net Assets 2017: $3,669,1752017Assets 2018: $3,901,547Liabilities 2018: $4,892Net Assets 2018: $3,896,6552018Assets 2019: $4,168,882Liabilities 2019: $0Net Assets 2019: $4,168,8822019Assets 2020: $4,555,729Liabilities 2020: $179,627Net Assets 2020: $4,376,1022020Assets 2021: $5,224,222Liabilities 2021: $16,248Net Assets 2021: $5,207,9742021Assets 2022: $5,041,073Liabilities 2022: $217,014Net Assets 2022: $4,824,0592022Assets 2023: $5,539,171Liabilities 2023: $44,502Net Assets 2023: $5,494,6692023Assets 2024: $6,839,591Liabilities 2024: $58,145Net Assets 2024: $6,781,4462024

Highlighted filing

2024

Assets$6,839,591
Liabilities$58,145
Net Assets$6,781,446

Operations Trend

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

$1.5M$1.0M$500K$0Expenses 2010: $167,1572010Expenses 2011: $144,9902011Expenses 2012: $746,5532012Expenses 2013: $153,9312013Revenue 2014: $586,914Expenses 2014: $173,550Net Income 2014: $413,3642014Revenue 2015: $238,928Expenses 2015: $184,950Net Income 2015: $53,9782015Revenue 2016: $258,324Expenses 2016: $194,610Net Income 2016: $63,7142016Revenue 2017: $541,161Expenses 2017: $205,471Net Income 2017: $335,6902017Revenue 2018: $374,147Expenses 2018: $209,375Net Income 2018: $164,7722018Revenue 2019: $541,965Expenses 2019: $233,491Net Income 2019: $308,4742019Revenue 2020: $335,121Expenses 2020: $217,178Net Income 2020: $117,9432020Revenue 2021: $541,597Expenses 2021: $245,272Net Income 2021: $296,3252021Revenue 2022: $1,176,193Expenses 2022: $265,222Net Income 2022: $910,9712022Revenue 2023: $212,600Expenses 2023: $45,777Net Income 2023: $166,8232023Revenue 2024: $912,527Expenses 2024: $543,118Net Income 2024: $369,4092024

Highlighted filing

2024

Revenue$912,527
Expenses$543,118
Net Income$369,409

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.84$0.06$6.78$0.91$0.54$0.37
2023Detailed filing. Detailed filing data is available for this year.$5.54$0.04$5.49$0.21$0.05$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.04$0.22$4.82$1.18$0.27$0.91
2021Detailed filing. Detailed filing data is available for this year.$5.22$0.02$5.21$0.54$0.25$0.30
2020Detailed filing. Detailed filing data is available for this year.$4.56$0.18$4.38$0.34$0.22$0.12
2019Detailed filing. Detailed filing data is available for this year.$4.17$0.00$4.17$0.54$0.23$0.31
2018Detailed filing. Detailed filing data is available for this year.$3.90$0.00$3.90$0.37$0.21$0.16
2017Detailed filing. Detailed filing data is available for this year.$3.68$0.01$3.67$0.54$0.21$0.34
2016Detailed filing. Detailed filing data is available for this year.$3.36$0.02$3.34$0.26$0.19$0.06
2015Detailed filing. Detailed filing data is available for this year.$3.30$0.03$3.28$0.24$0.18$0.05
2014Detailed filing. Detailed filing data is available for this year.$3.49$0.02$3.47$0.59$0.17$0.41
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.97$0.01$2.96$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.73$0.00$2.73$0.75
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.15$0.01$3.14$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.00$2.24$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 14, 2025
Return Version
2023v6.0
Gross Receipts
$2,400,826
Mission and Program Overview

Mission

WFYI Foundation enables supporters of public media to invest in ensuring ongoing access to excellent information about issues that matter to central Indiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,602,355$6,033,855▲ $1,431,500
Savings and Temporary Cash Investments$535,065$400,854▼ $134,211
Investments Other Securities$365,501$398,632▲ $33,131
Pledges and Grants Receivable$36,250$6,250▼ $30,000
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$5,539,171$6,839,591▲ $1,300,420
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$44,502$58,145▲ $13,643
Other Liabilities$0$0→ $0
Total Liabilities$44,502$58,145▲ $13,643
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,154,049$5,280,699▲ $1,126,650
Net Assets With Donor Restrictions$1,340,620$1,500,747▲ $160,127
Total Net Assets Fund Balance$5,494,669$6,781,446▲ $1,286,777
Total Liabilities and Net Assets / Fund Balance$5,539,171$6,839,591▲ $1,300,420

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$398,632--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$5,502,921$549,619▲ $1,269,801$489,000$6,833,341
2022$4,483,614$478,852▲ $540,455$0$5,502,921
2021$5,172,969$374,222▼ $848,577$0$4,483,614
2020$4,395,136$179,074▲ $973,130$0$5,172,969
2019$4,099,956$69,593▲ $225,587$0$4,395,136
Compensation and Service Providers

Board Members and Trustees

NameTitle
Susanne McAlisterChair
Robert ElzerChair (Through DEC 2023)
Greg PetrowichPresident and CEO
George PlewsDirector
Howard SchrottDirector (Beginning JAN 2024)
Karin VeatchDirector (Beginning JAN 2024)
Rakesh GangwaniDirector (Beginning JAN 2024)
Terry MagidDirector (Beginning JAN 2024)
Barbara BranicDirector (Through DEC 2023)
Dan AppelDirector (Through DEC 2023)
Eric GillispieDirector (Through DEC 2023)
John GuyDirector (Through DEC 2023)
Marnie MaxwellDirector (Through DEC 2023)
Mary GreistDirector (Through DEC 2023)
Michael HeatonDirector (Through DEC 2023)
Connie CampbellCFO
Brian WelchSecretary (Through DEC 2023)
Revenue and Support

Revenue Composition

Contributions and Grants
$549,619
Program Service Revenue
$0
Investment Income
$362,908
Other Revenue
$0
All Other Contributions
$549,619
Change in Net Assets
$369,409
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$489,000
Other Expenses$54,118
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$489,000--$489,000
Fees for Service Investment Mgmnt Fees-$40,478-$40,478
Fees for Services Accounting-$13,640-$13,640
Total Functional Expenses$489,000$54,118$0$543,118
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Metropolitan Indianapolis Public Media IncIndianapolis, IN501(c)(3)Organization Mission Support$489,000
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
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
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15A Process Used to Establish Compensation for Other Officers

The filing organization does not compensate the top management official or other officers. Therefore, these questions have been answered no in accordance with the instructions. The president and other officers are paid by Metropolitan Indianapolis Public Media, Inc. (MIPM), a related organization. The following are the processes MIPM uses to establish compensation for these individuals: President - Each year the organization's Board Chair reviews and approves compensation changes, if any, for the President. The compensation changes and approval, if any, are documented and filed in the President's personnel files. Periodically, the President's compensation is reviewed for reasonableness by the Board Chair based on outside data, the last review being done in 2021. CFO - The president determines the compensation of the CFO. The decision is documented in the employee's file.

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

Directors of the Corporation shall be nominated by the nominating committee of Metropolitan Indianapolis Public Media, Inc. (a related organization) and elected by the Board of Directors of Metropolitan Indianapolis Public Media, Inc.

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

The organization retains the expertise of an independent tax advisor to assist in the preparation and review of its irs form 990. Prior to filing the form 990, the organization's management and audit committee reviews the form 990 at the audit committee meeting. The board will be provided a complete copy of the form 990 prior to filing.

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

CONFLICT OF INTEREST FORMS ARE COMPLETED ANNUALLY BY THE ENTIRE BOARD OF DIRECTORS AND OFFICERS, THEN REVIEWED BY THE DIRECTOR OF ADMINISTRATION for METROPOLITAN INDIANAPOLIS PUBLIC Media, INC. (A RELATED ORGANIZATION). IF A CONFLICT EXISTS, IT IS BROUGHT TO THE ATTENTION OF THE CHAIR OF THE GOVERNANCE & NOMINATING COMMITTEE AND THE PRESIDENT. ANYONE WITH A CONFLICT OF INTEREST ABSTAINS FROM VOTING ON MATTERS RELATED TO THE CONFLICT OF INTEREST.

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

Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time.

Filing and Contact Details

Filer

Filer Name
WFYI Foundation Inc
EIN
35-1961650
Phone
3176362020
Address
1630 N Meridian St, Indianapolis, IN 46202

Signing Officer

Name
Connie Campbell
Title
CFO
Signed
2025-08-14
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Legal Domicile
In
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
7

Preparer

Firm
Crowe Llp
Address
4801 Olympia Park Plaza Suite 4000, Louisville, KY 40241-2098
Preparer
Rachel Spurlock
Phone
5023263996
Supplemental Narrative

Additional Explanations

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

Bad debt - -30000;

Financial Statement Notes

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

THE ENDOWMENT EXISTS TO SUPPORT THE OPERATIONS OF METROPOLITAN INDIANAPOLIS PUBLIC Media, INC. (A RELATED ORGANIZATION).

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

MIPM and the Foundation are exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Additionally, MIPM and the Foundation have been determined not to be private foundations under Section 509(a) of the Internal Revenue Code. Tax expense for the years ended September 30, 2024 and 2023 was $0 for each year. Current accounting standards require MIPM to disclose the amount of potential benefit or obligation to be realized as a result of an examination performed by a taxing authority. For the years ended September 30, 2024 and 2023, management has determined that MIPM does not have any tax positions that result in any uncertainties regarding the possible impact on MIPM's financial statements. MIPM does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. MIPM recognizes interest and/or penalties related to income tax matters in income tax expense. MIPM did not have any amounts accrued for interest and penalties at September 30, 2024 and 2023.

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IRS990/Form990PartVIISectionAGrp/PersonNm13Michael Heaton
IRS990/Form990PartVIISectionAGrp/PersonNm14Rakesh Gangwani
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Secretary (Through DEC 2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt1President and CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chair (Through DEC 2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director (Through DEC 2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director (Through DEC 2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director (Through DEC 2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director (Beginning JAN 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director (Through DEC 2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director (Beginning JAN 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director (Through DEC 2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director (Through DEC 2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director (Through DEC 2023)
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