Civic Intelligence

Ihsaa Foundation Inc.

990 • Fiscal year 2018 • EIN 81-2053031

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 26, 2018

Organization ProfileIHSAAFOUNDATION.ORG
9150 N Meridian StIndianapolis, IN 46240

(317) 546-6601

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Higher debt load relative to assets than 33% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

38th percentile

0.01x

Higher debt load relative to revenue than 38% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

94th percentile

59%

Higher net margin than 94% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

95th percentile

$172,428

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 108.2% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

77th percentile

19%

Faster asset growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

75th percentile

24%

Faster revenue growth than 75% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$549,029

Up $87,431 (+19%) from 2017

Net Assets

Up

$547,465

Up $86,497 (+19%) from 2017

Liabilities

Up

$1,564

Up $934 (+148%) from 2017

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin94th percentile

Revenue

Up

$159,323

Up $30,976 (+24%) from 2017

Expenses

Up

$65,091

Up $18,713 (+40%) from 2017

Net Income

Up

$94,232

Up $12,263 (+15%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$1.5M$1.0M$500K$0Assets 2017: $461,598Liabilities 2017: $630Net Assets 2017: $460,9682017Assets 2018: $549,029Liabilities 2018: $1,564Net Assets 2018: $547,4652018Assets 2019: $647,675Liabilities 2019: $711Net Assets 2019: $646,9642019Assets 2020: $660,193Liabilities 2020: $353Net Assets 2020: $659,8402020Assets 2021: $888,413Liabilities 2021: $11,395Net Assets 2021: $877,0182021Assets 2022: $930,852Liabilities 2022: $2,889Net Assets 2022: $927,9632022Assets 2023: $1,094,192Liabilities 2023: $19,336Net Assets 2023: $1,074,8562023Assets 2024: $1,204,840Liabilities 2024: $37,458Net Assets 2024: $1,167,3822024

Highlighted filing

2018

Assets$549,029
Liabilities$1,564
Net Assets$547,465
Open 2018 Filing

Operations Trend

Revenue Growth75th percentile

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

$600K$400K$200K$0Revenue 2017: $128,347Expenses 2017: $46,378Net Income 2017: $81,9692017Revenue 2018: $159,323Expenses 2018: $65,091Net Income 2018: $94,2322018Revenue 2019: $342,346Expenses 2019: $234,742Net Income 2019: $107,6042019Revenue 2020: $330,781Expenses 2020: $262,973Net Income 2020: $67,8082020Revenue 2021: $419,917Expenses 2021: $268,899Net Income 2021: $151,0182021Revenue 2022: $290,683Expenses 2022: $130,228Net Income 2022: $160,4552022Revenue 2023: $168,393Expenses 2023: $88,636Net Income 2023: $79,7572023Revenue 2024: $196,284Expenses 2024: $120,701Net Income 2024: $75,5832024

Highlighted filing

2018

Revenue$159,323
Expenses$65,091
Net Income$94,232
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 26, 2018
Return Version
2017v2.3
Gross Receipts
$164,917
Mission and Program Overview

Mission

The purpose of the ihsaa foundation is to be organized and operated exclusively for the charitable benefits of ihsaa member schools and their student athletes. The foundation shall maintain a fund and use the income generated from the fund to promote the educational purposes of the indiana high school athletic association, inc., its member schools and support deserving student athletes in their pursuit of post-secondary education.

The ihsaa foundation is organized and operated exclusively for the charitable benefits of ihsaa member schools and their student athletes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$385,013$377,278▼ $7,735
Cash and Non-Interest-Bearing Accounts$46,785$171,751▲ $124,966
Accounts Receivable$29,800--
Total Assets$461,598$549,029▲ $87,431
Liabilities
Accounts Payable and Accrued Expenses$630$1,564▲ $934
Total Liabilities$630$1,564▲ $934
Net Assets / Fund Balance
Temporarily Rstr Net Assets$414,813$319,076▼ $95,737
Unrestricted Net Assets$46,155$228,389▲ $182,234
Total Net Assets Fund Balance$460,968$547,465▲ $86,497
Total Liabilities and Net Assets / Fund Balance$461,598$549,029▲ $87,431
Compensation and Service Providers
Top Officer Pay95th percentile

Board Members and Trustees

NameTitle
Dr Phil N Eskew JrChairman
Jennifer K WilfongVice Chairma
Blake RessBoard Member
Bobby CoxBoard Member
J Terry ClapacsBoard Member
Jim SandgrenBoard Member
Joe JordanBoard Member
Pete WardBoard Member
Matt WolfertExecutive Di
Milton O ThompsonSecretary
James T MorrisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$80,669
Program Service Revenue
$0
Investment Income
$49,249
Other Revenue
$29,405
All Other Contributions
$80,669
Change in Net Assets
$94,232

Audited Revenue Reconciliation

Revenue per Audited Statements
$159,323
Revenue Not Reported on Form 990
$-7,735
Total Revenue per Audited Statements
$151,588
Total Revenue per Form 990
$159,323
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$65,091
Total Fundraising Expense$196
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising-$12,302-$12,302
All Other Expenses$1,334$2,546-$3,880
Travel-$3,503-$3,503
Office Expenses-$3,077$196$3,273
Other Expenses$26,312$2,977-$2,977
Fees for Services Accounting-$2,000-$2,000
Conferences and Meetings-$867-$867
Insurance-$750-$750
Fees for Services Other-$600-$600
Total Functional Expenses$27,646$37,249$196$65,091

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$65,091
Total Expenses per Audited Statements$65,091
Total Expenses per Form 990$65,091
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$34,999
Fundraising Direct Expenses$5,594
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$34,999$34,999$5,594$29,405
Total Events$34,999$34,999$5,594$29,405
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
Yes
Audit committee
Yes
Backup withholding compliance
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

“A draft of the return was reviewed with the finance committee before filed. Final return made available to the board upon request.”

Form 990, Page 6, Part VI, Line 12C

“Any conflicts of interest are reviewed and resolved by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“Documents made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Ihsaa Foundation Inc
EIN
81-2053031
Address
9150 N MERIDIAN ST, INDIANAPOLIS, IN 46240

Signing Officer

Name
Matt Wolfert
Title
Executive Director
Phone
3178466601
Signed
2018-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Wolfert
Formed
2016
Legal Domicile
In
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Petrow Kane Leemhuis Pc
Address
8440 WOODFIELD CROSSING 345, INDIANAPOLIS, IN 46240
Preparer
John S Leemhuis
Phone
3174524700
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The purpose of the ihsaa foundation is to be organized and operated exclusively for the charitable benefits of ihsaa member schools and their student athletes. The foundation shall maintain a fund and use the income generated from the fund to promote the educational purposes of the indiana high school athletic association, inc., its member schools and support deserving student athletes in their pursuit of post-secondary education.”

Financial Statement Notes

Schedule D, Page 3, Part X

“In consideration of asc 740-10-25 accounting for uncertainties in income taxes, the foundation has not taken any uncertain tax positions that should be recognized in the accompanying statement of activities and net assets. The foundations exempt organization tax return for the year ended june 30, 2017 and 2016, are subject to examination by the internal revenue service.”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN CONSIDERATION OF ASC 740-10-25 ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES, THE FOUNDATION HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT SHOULD BE RECOGNIZED IN THE ACCOMPANYING STATEMENT OF ACTIVITIES AND NET ASSETS. THE FOUNDATIONS EXEMPT ORGANIZATION TAX RETURN FOR THE YEAR ENDED JUNE 30, 2017 AND 2016, ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BOBBY COX
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0172428
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THE IHSAA FOUNDATION IS TO BE ORGANIZED AND OPERATED EXCLUSIVELY FOR THE CHARITABLE BENEFITS OF IHSAA MEMBER SCHOOLS AND THEIR STUDENT ATHLETES. THE FOUNDATION SHALL MAINTAIN A FUND AND USE THE INCOME GENERATED FROM THE FUND TO PROMOTE THE EDUCATIONAL PURPOSES OF THE INDIANA HIGH SCHOOL ATHLETIC ASSOCIATION, INC., ITS MEMBER SCHOOLS AND SUPPORT DESERVING STUDENT ATHLETES IN THEIR PURSUIT OF POST-SECONDARY EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE RETURN WAS REVIEWED WITH THE FINANCE COMMITTEE BEFORE FILED. FINAL RETURN MADE AVAILABLE TO THE BOARD UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY CONFLICTS OF INTEREST ARE REVIEWED AND RESOLVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
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IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt067388
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL AMOUNT
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IRS990/TotalLiabilitiesEOYAmt01564
IRS990/TotalLiabilitiesGrp/BOYAmt0630
IRS990/TotalLiabilitiesGrp/EOYAmt01564
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0460968
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0547465
IRS990/TotalProgramServiceExpensesAmt027646
IRS990/TotalRevenueGrp/ExclusionAmt049249
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0159323
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0461598
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0549029
IRS990/TotReportableCompRltdOrgAmt0172428
IRS990/TravelGrp/ManagementAndGeneralAmt03503
IRS990/TravelGrp/TotalAmt03503
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt046155
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0228389
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0HTTP://IHSAAFOUNDATION.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MATT WOLFERT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03178466601
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IHSAA FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0IHSA
ReturnHeader/Filer/EIN0812053031
ReturnHeader/Filer/USAddress/AddressLine1Txt09150 N MERIDIAN ST
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$549,029
Liabilities
$1,564
Net assets
$547,465
Revenue
$159,323
Expenses
$65,091
Net income
$94,232
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.20$0.04$1.17$0.20$0.12$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.09$0.02$1.07$0.17$0.09$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.29$0.13$0.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.01$0.88$0.42$0.27$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$0.33$0.26$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.34$0.23$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.16$0.07$0.09
2017Summary only. Only limited summary data is available for this year.$0.46$0.00$0.46$0.13$0.05$0.08
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $500k-$1M nonprofits