Civic Intelligence

Indiana State University Benefit Plan

990 • Fiscal year 2021 • EIN 35-2061758

Jul 01, 2020 to Jun 30, 2021 • Filed on Aug 24, 2021

Organization ProfileN/A
PO Box 540Terre Haute, IN 47808-0540

(812) 238-6257

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.00x

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

2021 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

22nd percentile

0.00x

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

2021 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2021

Net Margin

93rd percentile

68%

Higher net margin than 93% of similar nonprofits.

2021 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

55th percentile

$80,975

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2021 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets21st percentile

Assets

$117,840,226

No earlier filing loaded for comparison.

Net Assets

$117,840,226

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin93rd percentile

Revenue

$7,125,334

No earlier filing loaded for comparison.

Expenses

$2,268,923

No earlier filing loaded for comparison.

Net Income

$4,856,411

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2021

Assets$117,840,226
Liabilities$0
Net Assets$117,840,226
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2021

Revenue$7,125,334
Expenses$2,268,923
Net Income$4,856,411
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Aug 24, 2021
Return Version
2020v4.1
Gross Receipts
$78,585,148
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$99,115,498$115,075,707▲ $15,960,209
Cap Stk Tr Prin Current Funds$86,394,302$104,654,856▲ $18,260,554
Rtn Earn Endowment Incm Other Fnds$13,493,966$13,185,370▼ $308,596
Savings and Temporary Cash Investments$772,770$2,764,519▲ $1,991,749
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$99,888,268$117,840,226▲ $17,951,958
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$99,888,268$117,840,226▲ $17,951,958
Total Liabilities and Net Assets / Fund Balance$99,888,268$117,840,226▲ $17,951,958
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleBaseTotal
-Trustee$80,975$80,975
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$7,125,334
Other Revenue
$0
Change in Net Assets
$4,856,411
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$262,598
Salaries, Compensation, and Employee Benefits$80,975
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$1,925,350
Fees for Service Investment Mgmnt Fees---$261,798
Current Officers, Directors, Trustees, and Key Employees---$80,975
Fees for Services Accounting---$800
Total Functional Expenses$0$0$0$2,268,923
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
2021-08-24
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 Appendix235 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/TaxPeriodBeginDt02020-07-01
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ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$117,840,226
Liabilities
$0
Net assets
$117,840,226
Revenue
$7,125,334
Expenses
$2,268,923
Net income
$4,856,411
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