Liabilities / Assets
56th percentile
Higher debt load relative to assets than 56% of similar nonprofits.
Indiana State Library Foundation In
EIN 45-4195408 • 501(c)3 • Indianapolis, IN
Profile
Support enhancement and promotion of activities of the indiana state library, their programs and collections, and to aid in the development of programs benefitting individuals and libraries throughout the state. The foundation is organized exclusively for charitable, religious, educational, scientific purposes.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.10x
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
78th percentile
Higher net margin than 78% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
34th percentile
Faster asset growth than 34% of similar nonprofits.
Revenue Growth
63rd percentile
Faster revenue growth than 63% of similar nonprofits.
Balance Sheet
Assets
Down$4,637,041
Down $51,384 (-1.1%) from 2023
Liabilities
Down$475,686
Down $450,454 (-49%) from 2023
Net Assets
Up$4,161,355
Up $399,070 (+11%) from 2023
Revenue
Up$300,709
Up $38,797 (+15%) from 2023
Expenses
Down$224,606
Down $85,168 (-27%) from 2023
Net Income
Up$76,103
Up $123,965 (+259%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $4,637,041
- Liabilities
- $475,686
- Net assets
- $4,161,355
- Revenue
- $300,709
- Expenses
- $224,606
- Net income
- $76,103
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 15, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $300,709
Mission and Program Overview
Mission
The mission of the indiana state library foundation is to serve the citizens of indiana through the support, enhancement, and promotion of activities of the indiana state library, their programs and collections , and to aid in the development of programs benefiting individuals and libraries throughout the state.
Support enhancement and promotion of activities of the indiana state library, their programs and collections, and to aid in the development of programs benefitting individuals and libraries throughout the state. The foundation is organized exclusively for charitable, religious, educational, scientific purposes.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $3,694,519 | $4,099,492 | ▲ $404,973 |
| Cash and Non-Interest-Bearing Accounts | $992,584 | $533,230 | ▼ $459,354 |
| Accounts Receivable | $340 | $2,121 | ▲ $1,781 |
| Land, Buildings, and Equipment, Net | $982 | $1,673 | ▲ $691 |
| Prepaid Expenses and Deferred Charges | - | $525 | - |
| Total Assets | $4,688,425 | $4,637,041 | ▼ $51,384 |
| Liabilities | |||
| Escrow Account Liability | $926,042 | $475,605 | ▼ $450,437 |
| Accounts Payable and Accrued Expenses | $98 | $81 | ▼ $17 |
| Total Liabilities | $926,140 | $475,686 | ▼ $450,454 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $3,709,393 | $4,111,878 | ▲ $402,485 |
| Net Assets Without Donor Restrictions | $52,892 | $49,477 | ▼ $3,415 |
| Total Net Assets Fund Balance | $3,762,285 | $4,161,355 | ▲ $399,070 |
| Total Liabilities and Net Assets / Fund Balance | $4,688,425 | $4,637,041 | ▼ $51,384 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $1,673 | $269 | $1,942 |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2024 | $3,694,519 | - | ▲ $605,767 | $170,000 | $4,099,492 |
| 2023 | $3,279,283 | - | ▲ $523,255 | $136,000 | $3,132,799 |
| 2022 | $4,210,332 | - | ▼ $741,095 | $210,000 | $3,279,283 |
| 2021 | $3,862,005 | - | ▲ $477,552 | $181,425 | $4,210,332 |
| 2020 | $3,791,543 | - | ▲ $94,808 | $228,000 | $3,862,005 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Monty Korte | President |
| Roberta Brooker | Secretary / |
| Mike Fetsch | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $219,315
- Program Service Revenue
- $0
- Investment Income
- $81,394
- Other Revenue
- $0
- All Other Contributions
- $219,315
- Change in Net Assets
- $76,103
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $224,606 |
| Total Fundraising Expense | $6,000 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| All Other Expenses | $76,345 | $5,045 | - | $81,390 |
| Fees for Service Investment Mgmnt Fees | $25,263 | $92 | - | $25,355 |
| Office Expenses | $17,528 | $2,756 | - | $20,284 |
| Other Expenses | $16,952 | $15,925 | - | $15,925 |
| Fees for Services Accounting | - | $15,925 | - | $15,925 |
| Advertising | $1,904 | $70 | $6,000 | $7,974 |
| Insurance | - | $670 | - | $670 |
| Depreciation Depletion | $269 | - | - | $269 |
| Conferences and Meetings | $240 | - | - | $240 |
| Total Functional Expenses | $178,123 | $40,483 | $6,000 | $224,606 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- No
- Audit committee
- Yes
- Backup withholding compliance
- 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
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Page 6, Part VI, Line 11B
“No review was or will be conducted.”
Form 990, Page 6, Part VI, Line 12C
“Tax returns, governing documents, conflict of interest policy, and financial statements are reviewed and discussed during board meetings.”
Form 990, Page 6, Part VI, Line 18
“Tax returns, governing documents, conflict of interest policy, and financial statements are available upon request at our office.”
Form 990, Page 6, Part VI, Line 19
“Tax returns, governing documents, conflict of interest policy, and financial statements are available upon request at our office.”
Filing and Contact Details
Filer
- Filer Name
- Indiana State Library Foundation in
- EIN
- 45-4195408
- Phone
- 3173585192
- Address
- 140 N SENATE AVE, INDIANAPOLIS, IN 46204
Signing Officer
- Name
- Mike Fetsch
- Title
- Treasurer
- Phone
- 3173585191
- Signed
- 2025-11-15
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Monty Korte
- Formed
- 2011
- Legal Domicile
- In
- Voting Board Members
- 3
- Independent Board Members
- 3
- Employees
- 0
- Volunteers
- 4
Preparer
- Firm
- Bering CPA Firm LLC
- Address
- 3125 DANDY TRL STE 100, INDIANAPOLIS, IN 46214
- Preparer
- Robert Bering CPA
- Phone
- 3172443355
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S MISSION
“Support enhancement and promotion of activities of the indiana state library, their programs and collections, and to aid in the development of programs benefitting individuals and libraries throughout the state. The foundation is organized exclusively for charitable, religious, educational, scientific purposes.”
Form 990, Page 1, Part I, Line 6
“Volunteers consist of board members and other individuals interested in furthering the mission of the foundation.”
Form 990, Page 2, Part III, Line 4D
“Indipress and a literary composition collection (letters about literature) are other functions that further the tax exempt purpose of the foundation.”
Form 990, Part IX, Line 24E
“General program expenses 14,193 0 0 professsional development 13,716 0 0 annual software subscript 13,397 0 0 letters about literature 5,548 0 0 professional development 5,134 0 0 mrb & in acquisitions 4,484 0 0 miscellaneous 2,285 2,169 0 equipment 4,381 0 0 indiana voices programs 2,252 0 0 meals 1,624 0 0 exhibit supplies 1,578 0 0 professional development 1,425 0 0 workshops 1,410 0 0 summer reading program 1,302 0 0 speaker fees 1,131 0 0 preservation supplies and 1,108 0 0 volunteer recognition 0 999 0 website costs 97 868 0 postage 79 367 0 conferences 335 0 0 utilities 0 333 0 general grants expense 329 0 0 foreign dividend tax 315 0 0 fees and membership 179 129 0 bank charges 0 180 0 events 43 0 0 total 76,345 5,045 0”
Form 990, Part XI, Line 9
“Book / tax depreciation difference 35 assets released from restriction -170,000 total -169,965”
Raw XML Appendix364 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/ProgSrvcAccomActy2Grp/Desc | 0 | THE GENEALOGY COLLECTION HAS DEVELOPED OVER TIME TO BECOME ONE OF THE LARGEST COLLECTIONS OF FAMILY HISTORY INFORMATION IN THE MIDWEST. THE COLLECTION INCLUDES MORE THAN 40,000 PRINT ITEMS (FAMILY HISTORIES, INDEXES TO RECORDS, HOW-TO-BOOKS,CEMETERY TRANSCRIPTIONS, FAMILY HISTORY MAGAZINES, AND MORE), AS WELL AS MILITARY PENSION INFORMATION. THE EMPHASIS OF THE COLLECTION IS ON INDIANA AND BORDERING STATES, AS WELL AS EASTERN AND SOUTHERN STATES. IN ADDITION, THE INDIANA STATE LIBRARY FOUNDATION ENABLES THE INDIANA STATE LIBRARY TO HOST WORKSHOPS, TOURS, AND ONE-ON-ONE HISTORY CONSULTATIONS. |
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| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | INDIANA STATE LIBRARY |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt | 0 | INDIANA STATE LIBRARY |
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| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 4099492 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 605767 |
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| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 523255 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 136000 |
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| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 94808 |
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| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 269 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | SUPPORT ENHANCEMENT AND PROMOTION OF ACTIVITIES OF THE INDIANA STATE LIBRARY, THEIR PROGRAMS AND COLLECTIONS, AND TO AID IN THE DEVELOPMENT OF PROGRAMS BENEFITTING INDIVIDUALS AND LIBRARIES THROUGHOUT THE STATE. THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC PURPOSES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | VOLUNTEERS CONSIST OF BOARD MEMBERS AND OTHER INDIVIDUALS INTERESTED IN FURTHERING THE MISSION OF THE FOUNDATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | INDIPRESS AND A LITERARY COMPOSITION COLLECTION (LETTERS ABOUT LITERATURE) ARE OTHER FUNCTIONS THAT FURTHER THE TAX EXEMPT PURPOSE OF THE FOUNDATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | NO REVIEW WAS OR WILL BE CONDUCTED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | TAX RETURNS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE REVIEWED AND DISCUSSED DURING BOARD MEETINGS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | TAX RETURNS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT OUR OFFICE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | TAX RETURNS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT OUR OFFICE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | GENERAL PROGRAM EXPENSES 14,193 0 0 PROFESSSIONAL DEVELOPMENT 13,716 0 0 ANNUAL SOFTWARE SUBSCRIPT 13,397 0 0 LETTERS ABOUT LITERATURE 5,548 0 0 PROFESSIONAL DEVELOPMENT 5,134 0 0 MRB & IN ACQUISITIONS 4,484 0 0 MISCELLANEOUS 2,285 2,169 0 EQUIPMENT 4,381 0 0 INDIANA VOICES PROGRAMS 2,252 0 0 MEALS 1,624 0 0 EXHIBIT SUPPLIES 1,578 0 0 PROFESSIONAL DEVELOPMENT 1,425 0 0 WORKSHOPS 1,410 0 0 SUMMER READING PROGRAM 1,302 0 0 SPEAKER FEES 1,131 0 0 PRESERVATION SUPPLIES AND 1,108 0 0 VOLUNTEER RECOGNITION 0 999 0 WEBSITE COSTS 97 868 0 POSTAGE 79 367 0 CONFERENCES 335 0 0 UTILITIES 0 333 0 GENERAL GRANTS EXPENSE 329 0 0 FOREIGN DIVIDEND TAX 315 0 0 FEES AND MEMBERSHIP 179 129 0 BANK CHARGES 0 180 0 EVENTS 43 0 0 TOTAL 76,345 5,045 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | BOOK / TAX DEPRECIATION DIFFERENCE 35 ASSETS RELEASED FROM RESTRICTION -170,000 TOTAL -169,965 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 1, PART I, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 18 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART IX, LINE 24E |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PART XI, LINE 9 |
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| IRS990/TerminateOperationsInd | 0 | false |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 4637041 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 219315 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 6000 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 40483 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 178123 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 224606 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 926140 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 475686 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 926140 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 475686 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 3762285 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 4161355 |
| IRS990/TotalOtherProgSrvcExpenseAmt | 0 | 100980 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 178123 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 81394 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 300709 |
| IRS990/TotalVolunteersCnt | 0 | 4 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 4688425 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 4637041 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/USAddress/AddressLine1Txt | 0 | 140 N SENATE AVE |
| IRS990/USAddress/CityNm | 0 | INDIANAPOLIS |
| IRS990/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990/USAddress/ZIPCd | 0 | 46204 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 3 |
| IRS990/VotingMembersIndependentCnt | 0 | 3 |
| IRS990/WebsiteAddressTxt | 0 | HTTPS://INDIANASTATELIBRARYFDN.ORG/ |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MIKE FETSCH |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3173585191 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | INDIANA STATE LIBRARY FOUNDATION IN |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | INDI |
| ReturnHeader/Filer/EIN | 0 | 454195408 |
| ReturnHeader/Filer/PhoneNum | 0 | 3173585192 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 140 N SENATE AVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | INDIANAPOLIS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 46204 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 274737939 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BERING CPA FIRM LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 3125 DANDY TRL STE 100 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | INDIANAPOLIS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 46214 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3172443355 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-11-17 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ROBERT BERING CPA |
| ReturnHeader/ReturnTs | 0 | 2025-11-17T17:50:20-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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