Civic Intelligence

Indiana State University Benefit Plan

EIN 35-2061758 • 501(c)9 • Terre Haute, IN

Profile

The purpose of this trust fund is to provide life, sick, hospitalization, major medical, accident, disability and other welfare benefits to the eligible employees of Indiana State University and their eligible dependents under numerous employee welfare benefit plans adopted by the University.

PO Box 540Terre Haute, IN 47808-0540

n/A

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

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

501(c)9 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

19th percentile

0.00x

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

501(c)9 • $100M-$250M nonprofits • Source year 2025

Net Margin

95th percentile

72%

Higher net margin than 95% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

53rd percentile

$72,434

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

501(c)9 • $100M-$250M nonprofits • Source year 2025

Asset Growth

35th percentile

2.2%

Faster asset growth than 35% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

100th percentile

1748%

Faster revenue growth than 100% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$100,618,224

Up $2,134,289 (+2.2%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$100,618,224

Up $2,134,289 (+2.2%) from 2024

Operations
Liabilities / Revenue19th percentileNet Margin95th percentile

Revenue

Up

$12,688,741

Up $12,002,120 (+1748%) from 2024

Expenses

Up

$3,509,965

Up $73,307 (+2.1%) from 2024

Net Income

Up

$9,178,776

Up $11,928,813 (+434%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth35th percentile

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

$150M$100M$50M$0Assets 2021: $117,840,226Liabilities 2021: $0Net Assets 2021: $117,840,2262021Assets 2022: $97,600,232Liabilities 2022: $0Net Assets 2022: $97,600,2322022Assets 2023: $96,124,764Liabilities 2023: $0Net Assets 2023: $96,124,7642023Assets 2024: $98,483,935Liabilities 2024: $0Net Assets 2024: $98,483,9352024Assets 2025: $100,618,224Liabilities 2025: $0Net Assets 2025: $100,618,2242025

Highlighted filing

2025

Assets$100,618,224
Liabilities$0
Net Assets$100,618,224
Open 2025 Filing

Operations Trend

Revenue Growth100th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2021: $7,125,334Expenses 2021: $2,268,923Net Income 2021: $4,856,4112021Revenue 2022: $11,694,150Expenses 2022: $3,514,275Net Income 2022: $8,179,8752022Revenue 2023: -$69,079Expenses 2023: $4,074,158Net Income 2023: -$4,143,2372023Revenue 2024: $686,621Expenses 2024: $3,436,658Net Income 2024: -$2,750,0372024Revenue 2025: $12,688,741Expenses 2025: $3,509,965Net Income 2025: $9,178,7762025

Highlighted filing

2025

Revenue$12,688,741
Expenses$3,509,965
Net Income$9,178,776
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$100,618,224
Liabilities
$0
Net assets
$100,618,224
Revenue
$12,688,741
Expenses
$3,509,965
Net income
$9,178,776
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$101$0.00$101$12.7$3.51$9.18
2024Detailed filing. Detailed filing data is available for this year.$98.5$0.00$98.5$0.69$3.44$2.75
2023Detailed filing. Detailed filing data is available for this year.$96.1$0.00$96.1$0.07$4.07$4.14
2022Detailed filing. Detailed filing data is available for this year.$97.6$0.00$97.6$11.7$3.51$8.18
2021Detailed filing. Detailed filing data is available for this year.$118$0.00$118$7.13$2.27$4.86
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Aug 6, 2025
Return Version
2024v5.2
Gross Receipts
$74,420,782
Mission and Program Overview

Mission

The purpose of this trust fund is to provide life, sick, hospitalization, major medical, accident, disability and other welfare benefits to the eligible employees of Indiana State University and their eligible dependents under numerous employee welfare benefit plans adopted by the University.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$97,798,591$98,825,411▲ $1,026,820
Cap Stk Tr Prin Current Funds$87,822,908$89,946,492▲ $2,123,584
Rtn Earn Endowment Incm Other Fnds$10,661,027$10,671,732▲ $10,705
Savings and Temporary Cash Investments$685,344$1,792,813▲ $1,107,469
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$98,483,935$100,618,224▲ $2,134,289
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$98,483,935$100,618,224▲ $2,134,289
Total Liabilities and Net Assets / Fund Balance$98,483,935$100,618,224▲ $2,134,289
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleBaseTotal
-Trustee$72,434$72,434
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$12,688,741
Other Revenue
$0
Change in Net Assets
$9,178,776
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$273,694
Salaries, Compensation, and Employee Benefits$72,434
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$3,163,837
Fees for Service Investment Mgmnt Fees---$272,524
Current Officers, Directors, Trustees, and Key Employees---$72,434
Fees for Services Accounting---$1,170
Total Functional Expenses$0$0$0$3,509,965
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
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, Part VI, Section B, line 11B

“Form 990 is prepared by Sackrider & Company, Inc., Certified Public Accountants. The return is reviewed by the administrator of the account before filing.”

Form 990, Part VI, Section C, line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Indiana State University Benefit Plan
EIN
35-2061758
Phone
8122386257
Address
PO Box 540, Terre Haute, IN 47808-0540

Signing Officer

Name
Jacob Panagouleas
Title
Trust Tax Officer
Phone
8122386115
Signed
2025-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacob Panagouleas
Formed
1998
Legal Domicile
In
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Sackrider & Company Inc
Address
1925 Wabash Ave, Terre Haute, IN 47807
Preparer
Eleanor M Caldwell CPA
Phone
8122329492
Raw XML Appendix231 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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ReturnHeader/ReturnTs02025-08-12T07:42:23-05:00
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ReturnHeader/TaxPeriodBeginDt02024-07-01
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)9 • $100M-$250M nonprofits