Civic Intelligence

Indiana State Museum Foundation Inc

EIN 35-6202818 • 501(c)3 • Indianapolis, IN

View Organization Page

Profile

The foundation was established to promote and assist the indiana state musuem and historic sites with the objective of collecting, preserving and interpreting indiana history for the benefit of the public.

650 West Washington StreetIndianapolis, IN 46204

www.indianamuseum.org

Siviq Scores

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

Liabilities / Assets

15th percentile

0.01x

Higher debt load relative to assets than 15% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

15th percentile

0.03x

Higher debt load relative to revenue than 15% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

32nd percentile

-1.3%

Higher net margin than 32% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

77th percentile

$304,216

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

41st percentile

1.8%

Faster asset growth than 41% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

72nd percentile

22%

Faster revenue growth than 72% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$11,001,738

Up $197,135 (+1.8%) from 2024

Liabilities

Up

$89,736

Up $14,343 (+19%) from 2024

Net Assets

Up

$10,912,002

Up $182,792 (+1.7%) from 2024

Operations
Liabilities / Revenue15th percentileNet Margin32nd percentile

Revenue

Up

$3,198,985

Up $584,668 (+22%) from 2024

Expenses

Down

$3,240,618

Down $4,455,342 (-58%) from 2024

Net Income

Up

-$41,633

Up $5,040,010 (+99%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth41st percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $2,539,705Liabilities 2010: $113,355Net Assets 2010: $2,426,3502010Assets 2011: $3,745,788Liabilities 2011: $315,260Net Assets 2011: $3,430,5282011Assets 2012: $3,985,602Liabilities 2012: $68,424Net Assets 2012: $3,917,1782012Assets 2013: $4,422,958Liabilities 2013: $408,194Net Assets 2013: $4,014,7642013Assets 2014: $5,087,324Liabilities 2014: $305,869Net Assets 2014: $4,781,4552014Assets 2015: $9,466,228Liabilities 2015: $115,924Net Assets 2015: $9,350,3042015Assets 2016: $10,887,349Liabilities 2016: $14,472Net Assets 2016: $10,872,8772016Assets 2017: $9,933,640Liabilities 2017: $0Net Assets 2017: $9,933,6402017Assets 2018: $8,530,833Liabilities 2018: $101,364Net Assets 2018: $8,429,4692018Assets 2019: $8,419,915Liabilities 2019: $118,611Net Assets 2019: $8,301,3042019Assets 2020: $10,429,810Liabilities 2020: $213,990Net Assets 2020: $10,215,8202020Assets 2021: $12,226,178Liabilities 2021: $185,536Net Assets 2021: $12,040,6422021Assets 2022: $11,032,023Liabilities 2022: $106,981Net Assets 2022: $10,925,0422022Assets 2023: $15,376,249Liabilities 2023: $97,047Net Assets 2023: $15,279,2022023Assets 2024: $10,804,603Liabilities 2024: $75,393Net Assets 2024: $10,729,2102024Assets 2025: $11,001,738Liabilities 2025: $89,736Net Assets 2025: $10,912,0022025

Highlighted filing

2025

Assets$11,001,738
Liabilities$89,736
Net Assets$10,912,002
Open 2025 Filing

Operations Trend

Revenue Growth72nd percentile

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

$10M$5.0M$0-$5.0M-$10MExpenses 2010: $2,647,2112010Expenses 2011: $2,165,0362011Expenses 2012: $928,8782012Expenses 2013: $2,864,5142013Revenue 2014: $1,868,303Expenses 2014: $1,238,847Net Income 2014: $629,4562014Revenue 2015: $8,823,522Expenses 2015: $3,969,472Net Income 2015: $4,854,0502015Revenue 2016: $5,390,697Expenses 2016: $3,878,464Net Income 2016: $1,512,2332016Revenue 2017: $3,025,906Expenses 2017: $4,142,013Net Income 2017: -$1,116,1072017Revenue 2018: $2,619,882Expenses 2018: $4,051,689Net Income 2018: -$1,431,8072018Revenue 2019: $3,112,832Expenses 2019: $3,344,928Net Income 2019: -$232,0962019Revenue 2020: $3,337,728Expenses 2020: $1,400,234Net Income 2020: $1,937,4942020Revenue 2021: $2,921,038Expenses 2021: $2,189,743Net Income 2021: $731,2952021Revenue 2022: $3,558,484Expenses 2022: $3,442,032Net Income 2022: $116,4522022Revenue 2023: $8,036,852Expenses 2023: $3,922,837Net Income 2023: $4,114,0152023Revenue 2024: $2,614,317Expenses 2024: $7,695,960Net Income 2024: -$5,081,6432024Revenue 2025: $3,198,985Expenses 2025: $3,240,618Net Income 2025: -$41,6332025

Highlighted filing

2025

Revenue$3,198,985
Expenses$3,240,618
Net Income-$41,633
Open 2025 Filing

Filings

Most recent year

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

Open filing
Assets
$11,001,738
Liabilities
$89,736
Net assets
$10,912,002
Revenue
$3,198,985
Expenses
$3,240,618
Net income
-$41,633
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$11.0$0.09$10.9$3.20$3.24$0.04
2024Detailed filing. Detailed filing data is available for this year.$10.8$0.08$10.7$2.61$7.70$5.08
2023Detailed filing. Detailed filing data is available for this year.$15.4$0.10$15.3$8.04$3.92$4.11
2022Detailed filing. Detailed filing data is available for this year.$11.0$0.11$10.9$3.56$3.44$0.12
2021Detailed filing. Detailed filing data is available for this year.$12.2$0.19$12.0$2.92$2.19$0.73
2020Detailed filing. Detailed filing data is available for this year.$10.4$0.21$10.2$3.34$1.40$1.94
2019Detailed filing. Detailed filing data is available for this year.$8.42$0.12$8.30$3.11$3.34$0.23
2018Detailed filing. Detailed filing data is available for this year.$8.53$0.10$8.43$2.62$4.05$1.43
2017Detailed filing. Detailed filing data is available for this year.$9.93$0.00$9.93$3.03$4.14$1.12
2016Detailed filing. Detailed filing data is available for this year.$10.9$0.01$10.9$5.39$3.88$1.51
2015Detailed filing. Detailed filing data is available for this year.$9.47$0.12$9.35$8.82$3.97$4.85
2014Detailed filing. Detailed filing data is available for this year.$5.09$0.31$4.78$1.87$1.24$0.63
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.42$0.41$4.01$2.86
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.99$0.07$3.92$0.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.75$0.32$3.43$2.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$0.11$2.43$2.65
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 20, 2026
Return Version
2024v5.5
Gross Receipts
$4,826,389
Mission and Program Overview

Mission

The foundation was established to promote and assist the indiana state musuem and historic sites with the objective of collecting, preserving and interpreting indiana history for the benefit of the public.

The foundation was established to promote and assist the indiana state museum and historic sites with the objective of collecting, preserving, and interpreting indiana history for the benefit of the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,575,450$8,252,917▲ $677,467
Cash and Non-Interest-Bearing Accounts$2,943,419$2,559,199▼ $384,220
Pledges and Grants Receivable$210,341$99,886▼ $110,455
Total Assets$10,804,603$11,001,738▲ $197,135
Other Assets Total$75,393$89,736▲ $14,343
Liabilities
Other Liabilities$75,393$89,736▲ $14,343
Total Liabilities$75,393$89,736▲ $14,343
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,289,488$7,430,778▲ $141,290
Net Assets Without Donor Restrictions$3,439,722$3,481,224▲ $41,502
Total Net Assets Fund Balance$10,729,210$10,912,002▲ $182,792
Total Liabilities and Net Assets / Fund Balance$10,804,603$11,001,738▲ $197,135

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,869,881-▲ $309,783$7,500$3,172,164
2023$2,809,664-▲ $360,217$300,000$2,869,881
2022$2,368,458$175,000▲ $266,206-$2,809,664
2021$2,653,326-▼ $274,903-$2,368,458
2020$1,917,526-▲ $746,367-$2,653,326
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Fred CateBoard Chair as of 1/1/25
William Browne JrBoard Chair Thru 12/31/24
Cathryn C FerreeCEO/president
Nancy JordanVice Chair
Amber FinleyMember
Andy ConnerMember
Angila RetherfordMember
Charles Cammack JrMember
DE'AMON HARGESMember
John WechslerMember
Judy SingletonMember
Marc SamardzijaMember
Mary WalkerMember
Melissa CaitoMember
Michael ZickMember
Peter NagelMember
David GoMember Thru 6/11/25
Elizabeth WitteSecretary
Andrew BriggsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,489,600
Program Service Revenue
$0
Investment Income
$709,385
Other Revenue
$0
All Other Contributions
$1,166,637
Change in Net Assets
$-41,633

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,154,780
Revenue Not Reported on Financial Statements
$44,205
Revenue Not Reported on Form 990
$229,425
Total Revenue per Audited Statements
$3,384,205
Total Revenue per Form 990
$3,198,985
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,189,672
Other Expenses$50,946
Total Fundraising Expense$6,741
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,189,672--$3,189,672
Fees for Service Investment Mgmnt Fees-$44,205-$44,205
Other Expenses--$6,741$6,741
Total Functional Expenses$3,189,672$44,205$6,741$3,240,618

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,240,618
Expenses Not Reported on Financial Statements$3,233,877
Other Expense Adjustments$3,189,672
Total Expenses per Audited Statements$11,741
Expenses per Audited Statements$6,741
Expenses Not Reported on Form 990$5,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Indiana State Museum and Historic Sites CorporationIndianapolis, INGovernmentalSupport of Indiana State Museum and Historic Sites$3,189,672
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Beneficial Interest in Trust$89,736
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, Section B, Line 11B

“A draft of the form 990 is provided to the chairperson of the audit committee. A copy of the form 990 excluding schedule b, schedule of contributors (which is not a required disclosure pursuant to internal revenue code (irc) section 6104), is provided to all other members of the audit and finance committee as well as the board of the indiana state museum foundation, inc. Prior to the filing deadline. Additionally a copy of the form 990 excluding schedule b, schedule of contributors is provided to every voting member of the indiana state museum and historical sites corporation before it is filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest forms are completed by the entire board and reviewed annually by the executive committee.”

Form 990, Part VI, Section B, Line 15

“There is no compensation paid from this entity, therefore there are not policies governing the approval of compensation. Compensation is paid from indiana state museum and historic sites corporation.”

Form 990, Part VI, Section C, Line 18

“Documents are made available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are not generally available to the public.”

Filing and Contact Details

Filer

Filer Name
Indiana State Museum Foundation Inc
EIN
35-6202818
Phone
3172321637
Address
650 WEST WASHINGTON STREET, INDIANAPOLIS, IN 46204
Doing Business As
Indiana State Museum and Historic Sites

Signing Officer

Name
Cathryn C Ferree
Title
CEO/president
Phone
3172321637
Signed
2026-02-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cathryn C Ferree
Formed
1968
Legal Domicile
In
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
192

Preparer

Firm
Ksm Business Services Inc
Address
PO BOX 40857, INDIANAPOLIS, IN 46240
Preparer
Casse Tate
Phone
3175802000
Supplemental Narrative

Additional Explanations

Form 990 Part XII, Line 2C

“The audit oversight process has not changed from the prior year.”

Financial Statement Notes

PART V, LINE 4:

“The endowment funds held by indiana state museum foundation inc. May be used only to support the programs and operations of indiana state museum and historic sites corporation (a related organization).”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Transfer of cash to indiana state museum and historic sites 3,189,672.”

Raw XML AppendixShowing 400 of 583 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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IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM BROWNE JR
IRS990/Form990PartVIISectionAGrp/PersonNm1FRED CATE
IRS990/Form990PartVIISectionAGrp/PersonNm2NANCY JORDAN
IRS990/Form990PartVIISectionAGrp/PersonNm3ELIZABETH WITTE
IRS990/Form990PartVIISectionAGrp/PersonNm4ANDREW BRIGGS
IRS990/Form990PartVIISectionAGrp/PersonNm5MELISSA CAITO
IRS990/Form990PartVIISectionAGrp/PersonNm6CHARLES CAMMACK JR
IRS990/Form990PartVIISectionAGrp/PersonNm7ANDY CONNER
IRS990/Form990PartVIISectionAGrp/PersonNm8AMBER FINLEY
IRS990/Form990PartVIISectionAGrp/PersonNm9DAVID GO
IRS990/Form990PartVIISectionAGrp/PersonNm10DE'AMON HARGES
IRS990/Form990PartVIISectionAGrp/PersonNm11PETER NAGEL
IRS990/Form990PartVIISectionAGrp/PersonNm12ANGILA RETHERFORD
IRS990/Form990PartVIISectionAGrp/PersonNm13MARC SAMARDZIJA
IRS990/Form990PartVIISectionAGrp/PersonNm14JUDY SINGLETON
IRS990/Form990PartVIISectionAGrp/PersonNm15MARY WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm16JOHN WECHSLER
IRS990/Form990PartVIISectionAGrp/PersonNm17MICHAEL ZICK
IRS990/Form990PartVIISectionAGrp/PersonNm18CATHRYN C FERREE
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER
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