Civic Intelligence

Ross-Ade Foundation

990 • Fiscal year 2019 • EIN 35-6026021

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 04, 2020

1281 Win Hentschel BlvdWest Lafayette, IN 47906

(765) 588-1061

Siviq Scores

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

Liabilities / Assets

90th percentile

0.99x

Higher debt load relative to assets than 90% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

37.77x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Net Margin

14th percentile

-10%

Higher net margin than 14% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

78th percentile

$943,059

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 15.7% of source-year revenue.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Asset Growth

9th percentile

-5.0%

Faster asset growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

87th percentile

26%

Faster revenue growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Assets

Down

$228,922,447

Down $11,942,693 (-5.0%) from 2018

Net Assets

Down

$1,461,334

Down $629,201 (-30%) from 2018

Liabilities

Down

$227,461,113

Down $11,313,492 (-4.7%) from 2018

Revenue

Up

$6,021,975

Up $1,241,522 (+26%) from 2018

Expenses

Down

$6,651,176

Down $13,959 (-0.2%) from 2018

Net Income

Up

-$629,201

Up $1,255,481 (+67%) from 2018

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2015: $131,593,220Liabilities 2015: $129,620,509Net Assets 2015: $1,972,7112015Assets 2016: $233,476,345Liabilities 2016: $231,535,895Net Assets 2016: $1,940,4502016Assets 2017: $232,634,817Liabilities 2017: $228,659,600Net Assets 2017: $3,975,2172017Assets 2018: $240,865,140Liabilities 2018: $238,774,605Net Assets 2018: $2,090,5352018Assets 2019: $228,922,447Liabilities 2019: $227,461,113Net Assets 2019: $1,461,3342019Assets 2020: $188,086,708Liabilities 2020: $183,113,379Net Assets 2020: $4,973,3292020Assets 2021: $186,942,514Liabilities 2021: $182,848,664Net Assets 2021: $4,093,8502021Assets 2022: $185,779,035Liabilities 2022: $181,867,687Net Assets 2022: $3,911,3482022Assets 2023: $171,857,687Liabilities 2023: $167,952,532Net Assets 2023: $3,905,1552023Assets 2024: $157,723,408Liabilities 2024: $153,890,060Net Assets 2024: $3,833,3482024Assets 2025: $142,988,635Liabilities 2025: $139,588,870Net Assets 2025: $3,399,7652025

Highlighted filing

2019

Assets$228,922,447
Liabilities$227,461,113
Net Assets$1,461,334

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2015: $5,645,242Expenses 2015: $5,333,823Net Income 2015: $311,4192015Revenue 2016: $4,692,249Expenses 2016: $4,724,510Net Income 2016: -$32,2612016Revenue 2017: $9,229,824Expenses 2017: $7,195,057Net Income 2017: $2,034,7672017Revenue 2018: $4,780,453Expenses 2018: $6,665,135Net Income 2018: -$1,884,6822018Revenue 2019: $6,021,975Expenses 2019: $6,651,176Net Income 2019: -$629,2012019Revenue 2020: $4,558,159Expenses 2020: $1,046,164Net Income 2020: $3,511,9952020Revenue 2021: $3,154,582Expenses 2021: $4,034,061Net Income 2021: -$879,4792021Revenue 2022: $4,230,686Expenses 2022: $4,413,188Net Income 2022: -$182,5022022Revenue 2023: $3,897,624Expenses 2023: $3,903,817Net Income 2023: -$6,1932023Revenue 2024: $3,541,514Expenses 2024: $3,613,321Net Income 2024: -$71,8072024Revenue 2025: $3,154,823Expenses 2025: $3,588,406Net Income 2025: -$433,5832025

Highlighted filing

2019

Revenue$6,021,975
Expenses$6,651,176
Net Income-$629,201
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 4, 2020
Return Version
2018v3.1
Gross Receipts
$23,297,783
Mission and Program Overview

Mission

Support and assist the educational purposes of Purdue University by obtaining, acquiring, constructing, or otherwise providing buildings, grounds, or other suitable facilities, improvements, or equipment by providing funds, property, or by assisting in any other manner or by any other means.

Support & assist the educational purposes of Purdue University.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,090,535$1,461,334▼ $629,201
Other Notes and Loans Receivable, Net$1,079,075$1,079,075→ $0
Savings and Temporary Cash Investments$3,807,345$850,501▼ $2,956,844
Cash and Non-Interest-Bearing Accounts$212,258$206,185▼ $6,073
Land, Buildings, and Equipment, Net$150,873$150,873→ $0
Prepaid Expenses and Deferred Charges$3,245$1,922▼ $1,323
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$240,865,140$228,922,447▼ $11,942,693
Other Assets Total$235,612,344$226,633,891▼ $8,978,453
Liabilities
Mortgage Notes Payable Secured by Investment Property$216,832,511$207,342,880▼ $9,489,631
Other Liabilities$17,862,559$16,206,043▼ $1,656,516
Accounts Payable and Accrued Expenses$4,079,535$3,912,190▼ $167,345
Total Liabilities$238,774,605$227,461,113▼ $11,313,492
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,090,535$1,461,334▼ $629,201
Total Liabilities and Net Assets / Fund Balance$240,865,140$228,922,447▼ $11,942,693

Asset Categories

AssetBook ValueDepreciationBasis
Land$150,873-$150,873
Other Assets Org$1,955,015--
Compensation and Service Providers

Board Members and Trustees

NameTitle
-President
-Vice President
-Director
-Assistant Secretary
-Assistant Treasurer
-Secretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$6,014,337
Other Revenue
$7,638
Change in Net Assets
$-629,201
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,487,911
Grants and Similar Amounts Paid$163,265
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$6,472,878-$6,472,878
Grants to Domestic Orgs$163,265--$163,265
Insurance-$9,011-$9,011
Fees for Services Accounting-$6,000-$6,000
Office Expenses-$21-$21
Occupancy-$1-$1
Total Functional Expenses$163,265$6,487,911$0$6,651,176
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Purdue UniversityWest Lafayette, IN501(c)(3)Program Support$163,265
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-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mollenkopf Renovation Lease$16,206,043
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15A PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT OFFICIAL

The TOP MANAGEMENT OFFICIAL is PAID BY PURDUE university, A RELATED ENTITY. THEREFORE, QUESTIONS 15A AND 15B ARE NOT APPLICABLE AND HAVE BEEN ANSWERED "NO" IN ACCORDANCE WITH the FORM 990 INSTRUCTIONS. PURDUE university HAS A COMPENSATION COMMITTEE THAT REVIEWS AND APPROVES THE NON ROUTINE SUGGESTED SALARY INCREASES FOR ALL OFFICERS. ALL SALARIES ARE ALSO REVIEWED BY THE FINANCE/AUDIT COMMITTEE DURING THE COURSE OF THE OVERALL BUDGET PREPARATION AND THEN SENT TO THE FULL BOARD FOR APPROVAL. PURDUE university USES COMPARABILITY DATA FROM SIMILAR FOUNDATIONS AND UNIVERSITIES IN DETERMINING THE SALARIES FOR THE OFFICERS. THE APPROVAL OF THE SALARIES IS DOCUMENTED IN THE BOARD OF DIRECTORS MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN 2019.

Form 990, Part VI, Line 15B PROCESS TO ESTABLISH COMPENSATION OF OTHER EMPLOYEES

ALL OFFICERS are PAID BY PURDUE university, A RELATED ENTITY. THEREFORE, QUESTIONS 15A AND 15B ARE NOT APPLICABLE AND HAVE BEEN ANSWERED "NO" IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS. PURDUE university HAS A COMPENSATION COMMITTEE THAT REVIEWS AND APPROVES THE NON ROUTINE SUGGESTED SALARY INCREASES FOR ALL OFFICERS. ALL SALARIES ARE ALSO REVIEWED BY THE FINANCE/AUDIT COMMITTEE DURING THE COURSE OF THE OVERALL BUDGET PREPARATION AND THEN SENT TO THE FULL BOARD FOR APPROVAL. PURDUE university USES COMPARABILITY DATA FROM SIMILAR FOUNDATIONS AND UNIVERSITIES IN DETERMINING THE SALARIES FOR THE OFFICERS. THE APPROVAL OF THE SALARIES IS DOCUMENTED IN THE BOARD OF DIRECTORS MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN 2019.

Form 990, Part VI, Line 1A Delegate broad authority to A committee

There shall be an executive committee of three members consisting of the president and two other members of the board of directors, to be appointed annually by the president. The executive committee shall have power at any time between the regular meetings of the board to act for the board in all matters wherein immediate decisions and actions are deemed necessary for the best welfare of the foundation. Such actions of the executive committee shall be reported to the board at its next regular or special meeting and such minutes shall be made thereof as the board may direct. A majority of committee members shall constitute a quorum.

Form 990, Part VI, Line 6 Classes of members or stockholders

Purdue university elects the members of the governing body of ross ade foundation.

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

The board of directors of the foundation shall consist of five members. The president of purdue university, the executive vice president and treasurer of purdue university, and the vice president for business services of purdue university shall, by virtue of said officers, be directors of the foundation. The remaining members of the board of directors (the "trustee directors") shall be appointed by the board of trustees of purdue university. Any vacancy in the trustee directors may be filled for the unexpired term or terms by the board of trustees of purdue university.

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

The Form 990 is prepared annually after the year end activities are complete. The Secretary/Treasurer and Assistant Treasurer of Ross Ade Foundation review the prepared Form 990 and related schedules. The Form 990 then is presented to the board members. All questions and concerns of the members from the board will be addressed by Assistant Treasurer and Secretary/Treasurer and incorporated into the Form 990 as applicable. After all input has been appropriately addressed, the Form 990 will by filed by the due date.

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

A Conflict of Interest questionnaire is completed annually by board members. Any conflicts of interest are investigated and safeguards are implemented to protect all parties involved if applicable.

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

The governing documents and the financial statements are available upon written request to Ross Ade Foundation, 1281 Win Hentschel Blvd, West Lafayette, IN 47906. The conflict of interest policy is currently not available to the public.

Filing and Contact Details

Filer

Filer Name
Ross Ade Foundation
EIN
35-6026021
Phone
7655881061
Address
1281 Win Hentschel Blvd, West Lafayette, IN 47906

Signing Officer

Name
Scott Seidle
Title
Assistant Treasurer
Signed
2020-03-04
Discuss with paid preparer
Yes

Organization Details

Formed
1923
Legal Domicile
In
Voting Board Members
8
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Crowe Llp
Address
3815 River Crossing Parkway Suite 3, 00, Indianapolis, IN 46240-0977
Preparer
Brittney Kocaj
Phone
3175698989
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0MITCHELL E DANIELS JR
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Ross Ade Foundation supports Purdue University by obtaining, acquiring, constructing or providing buildings, grounds, or other suitable property for the use or benefit of Purdue University. Ross Ade Foundation's activities focus primarily on financing construction of new facilities and renovating existing facilities to be used by the students, faculty and staff of Purdue University.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part I, Line 12g Supporting Purdue University
IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportSumAmt0163265
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IRS990ScheduleD/LandGrp/BookValueAmt0150873
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0150873
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt032580000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt178697775
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt268085000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt310495000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt434821101
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt51955015
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Ross Ade Renovation/Purchase Agreement
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Mollenkopf Renovation / Cross-Over
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Mackey Complex Renovation Lease Agreement
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3SOFTBALL STADIUM/LEASe AGREEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Irrevocable Trust Escrow
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5Lease payment receivable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016206043
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Mollenkopf Renovation Lease
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0150873
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0226633891
IRS990ScheduleD/TotalLiabilityAmt016206043
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IRS990ScheduleI/RecipientTable/CashGrantAmt0163265
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Program Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Purdue University
IRS990ScheduleI/RecipientTable/RecipientEIN0356002041
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0610 Purdue Mall
IRS990ScheduleI/RecipientTable/USAddress/CityNm0West Lafayette
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd047907
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0All funds are used to support Purdue University and therefore the usage of the funds is aligned with the purpose of the grants.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt112500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt248000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt0Mitchell E Daniels
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt1James Almond
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt2William Sullivan
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Director
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RELIED ON PURDUE university (A related ORGANIZATION) to determine compensation for the top management official. Purdue used a compensation committee, COMPARABILITY DATA, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE THE COMPENSATION OF ITS TOP MANAGEMENT OFFICIAL.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The TOP MANAGEMENT OFFICIAL is PAID BY PURDUE university, A RELATED ENTITY. THEREFORE, QUESTIONS 15A AND 15B ARE NOT APPLICABLE AND HAVE BEEN ANSWERED "NO" IN ACCORDANCE WITH the FORM 990 INSTRUCTIONS. PURDUE university HAS A COMPENSATION COMMITTEE THAT REVIEWS AND APPROVES THE NON ROUTINE SUGGESTED SALARY INCREASES FOR ALL OFFICERS. ALL SALARIES ARE ALSO REVIEWED BY THE FINANCE/AUDIT COMMITTEE DURING THE COURSE OF THE OVERALL BUDGET PREPARATION AND THEN SENT TO THE FULL BOARD FOR APPROVAL. PURDUE university USES COMPARABILITY DATA FROM SIMILAR FOUNDATIONS AND UNIVERSITIES IN DETERMINING THE SALARIES FOR THE OFFICERS. THE APPROVAL OF THE SALARIES IS DOCUMENTED IN THE BOARD OF DIRECTORS MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN 2019.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OFFICERS are PAID BY PURDUE university, A RELATED ENTITY. THEREFORE, QUESTIONS 15A AND 15B ARE NOT APPLICABLE AND HAVE BEEN ANSWERED "NO" IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS. PURDUE university HAS A COMPENSATION COMMITTEE THAT REVIEWS AND APPROVES THE NON ROUTINE SUGGESTED SALARY INCREASES FOR ALL OFFICERS. ALL SALARIES ARE ALSO REVIEWED BY THE FINANCE/AUDIT COMMITTEE DURING THE COURSE OF THE OVERALL BUDGET PREPARATION AND THEN SENT TO THE FULL BOARD FOR APPROVAL. PURDUE university USES COMPARABILITY DATA FROM SIMILAR FOUNDATIONS AND UNIVERSITIES IN DETERMINING THE SALARIES FOR THE OFFICERS. THE APPROVAL OF THE SALARIES IS DOCUMENTED IN THE BOARD OF DIRECTORS MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN 2019.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE SHALL BE AN EXECUTIVE COMMITTEE OF THREE MEMBERS CONSISTING OF THE PRESIDENT AND TWO OTHER MEMBERS OF THE BOARD OF DIRECTORS, TO BE APPOINTED ANNUALLY BY THE PRESIDENT. THE EXECUTIVE COMMITTEE SHALL HAVE POWER AT ANY TIME BETWEEN THE REGULAR MEETINGS OF THE BOARD TO ACT FOR THE BOARD IN ALL MATTERS WHEREIN IMMEDIATE DECISIONS AND ACTIONS ARE DEEMED NECESSARY FOR THE BEST WELFARE OF THE FOUNDATION. SUCH ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD AT ITS NEXT REGULAR OR SPECIAL MEETING AND SUCH MINUTES SHALL BE MADE THEREOF AS THE BOARD MAY DIRECT. A MAJORITY OF COMMITTEE MEMBERS SHALL CONSTITUTE A QUORUM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PURDUE UNIVERSITY ELECTS THE MEMBERS OF THE GOVERNING BODY OF ROSS ADE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS OF THE FOUNDATION SHALL CONSIST OF FIVE MEMBERS. THE PRESIDENT OF PURDUE UNIVERSITY, THE EXECUTIVE VICE PRESIDENT AND TREASURER OF PURDUE UNIVERSITY, AND THE VICE PRESIDENT FOR BUSINESS SERVICES OF PURDUE UNIVERSITY SHALL, BY VIRTUE OF SAID OFFICERS, BE DIRECTORS OF THE FOUNDATION. THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS (THE "TRUSTEE DIRECTORS") SHALL BE APPOINTED BY THE BOARD OF TRUSTEES OF PURDUE UNIVERSITY. ANY VACANCY IN THE TRUSTEE DIRECTORS MAY BE FILLED FOR THE UNEXPIRED TERM OR TERMS BY THE BOARD OF TRUSTEES OF PURDUE UNIVERSITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Form 990 is prepared annually after the year end activities are complete. The Secretary/Treasurer and Assistant Treasurer of Ross Ade Foundation review the prepared Form 990 and related schedules. The Form 990 then is presented to the board members. All questions and concerns of the members from the board will be addressed by Assistant Treasurer and Secretary/Treasurer and incorporated into the Form 990 as applicable. After all input has been appropriately addressed, the Form 990 will by filed by the due date.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6A Conflict of Interest questionnaire is completed annually by board members. Any conflicts of interest are investigated and safeguards are implemented to protect all parties involved if applicable.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The governing documents and the financial statements are available upon written request to Ross Ade Foundation, 1281 Win Hentschel Blvd, West Lafayette, IN 47906. The conflict of interest policy is currently not available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 15a PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT OFFICIAL
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OTHER EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 1a Delegate broad authority to a committee
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 6 Classes of members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 7a Members or stockholders electing members of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 19 Required documents available to the public
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