Civic Intelligence

Ihsaa Foundation Inc.

990 • Fiscal year 2020 • EIN 81-2053031

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 20, 2020

9150 N Meridian StIndianapolis, IN 46260

(317) 546-6601

Siviq Scores

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

Liabilities / Assets

29th percentile

0.00x

Higher debt load relative to assets than 29% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

29th percentile

0.00x

Higher debt load relative to revenue than 29% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

71st percentile

20%

Higher net margin than 71% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

85th percentile

$91,093

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 27.5% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

39th percentile

1.9%

Faster asset growth than 39% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

46th percentile

-3.4%

Faster revenue growth than 46% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$660,193

Up $12,518 (+1.9%) from 2019

Net Assets

Up

$659,840

Up $12,876 (+2.0%) from 2019

Liabilities

Down

$353

Down $358 (-50%) from 2019

Revenue

Down

$330,781

Down $11,565 (-3.4%) from 2019

Expenses

Up

$262,973

Up $28,231 (+12%) from 2019

Net Income

Down

$67,808

Down $39,796 (-37%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$660,193
Liabilities$353
Net Assets$659,840

Operations Trend

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

2020

Revenue$330,781
Expenses$262,973
Net Income$67,808
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 20, 2020
Return Version
2019v5.0
Gross Receipts
$346,905
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$472,498$413,580▼ $58,918
Cash and Non-Interest-Bearing Accounts$109,560$235,113▲ $125,553
Accounts Receivable$46,450--
Land, Buildings, and Equipment, Net$19,167$11,500▼ $7,667
Total Assets$647,675$660,193▲ $12,518
Liabilities
Accounts Payable and Accrued Expenses$711$353▼ $358
Total Liabilities$711$353▼ $358
Net Assets / Fund Balance
Net Assets With Donor Restrictions$350,167$338,440▼ $11,727
Net Assets Without Donor Restrictions$296,797$321,400▲ $24,603
Total Net Assets Fund Balance$646,964$659,840▲ $12,876
Total Liabilities and Net Assets / Fund Balance$647,675$660,193▲ $12,518
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Matt WolfertExecutive DiFT$91,093$91,093

Board Members and Trustees

NameTitle
Dr Phil N Eskew JrChairman
Jennifer K WilfongVice Chairma
Blake RessBoard Member
Bobby CoxBoard Member
Dr Brandon PenrodBoard Member
Dr Nikki WoodsonBoard Member
J Terry ClapacsBoard Member
Joe JordanBoard Member
Pete WardBoard Member
Rick FusonBoard Member
Tina BennettBoard Member
Milton O ThompsonSecretary
Jim SandgrenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$262,001
Program Service Revenue
$0
Investment Income
$34,802
Other Revenue
$33,978
All Other Contributions
$262,001
Change in Net Assets
$67,808

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table2$160,646
Total Noncash Contributions2$160,646

Audited Revenue Reconciliation

Revenue per Audited Statements
$330,781
Revenue Not Reported on Form 990
$-54,932
Total Revenue per Audited Statements
$275,849
Total Revenue per Form 990
$330,781
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$150,328
Total Fundraising Expense$130,001
Other Expenses$110,145
Grants and Similar Amounts Paid$2,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$45,547-$45,546$91,093
Other Employee Benefits$12,246$8,580$12,246$33,072
Advertising--$27,508$27,508
Office Expenses--$20,807$20,807
Other Salaries and Wages-$17,830-$17,830
Conferences and Meetings$444$2,500$11,861$14,805
Payroll Taxes$3,485$1,364$3,484$8,333
Depreciation Depletion$3,784-$3,883$7,667
Travel$3,008-$773$3,781
Fees for Services Accounting-$2,850-$2,850
Insurance$609$1,570$610$2,789
Grants to Domestic Individuals$2,500--$2,500
Other Expenses$538$917$537$917
All Other Expenses-$900-$900
Fees for Services Other-$480-$480
Total Functional Expenses$91,494$41,478$130,001$262,973

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$262,973
Total Expenses per Audited Statements$262,973
Total Expenses per Form 990$262,973
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$50,102
Fundraising Direct Expenses$16,124
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$50,102$50,102$16,124$33,978
Total Events$50,102$50,102$16,124$33,978
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 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

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 46260

Signing Officer

Name
Matt Wolfert
Title
Executive Director
Phone
3178466601
Signed
2020-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Wolfert
Formed
2016
Legal Domicile
In
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
50

Preparer

Firm
Petrow Kane Leemhuis Pc
Address
8440 WOODFIELD CROSSING 345, INDIANAPOLIS, IN 46240
Preparer
Michael D Barton
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 financial statements. The foundations exempt organization tax returns for the years ended june 30, 2019, 2018, and 2017, 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 FINANCIAL STATEMENTS. THE FOUNDATIONS EXEMPT ORGANIZATION TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2019, 2018, AND 2017, ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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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/ExemptCodeSectionTxt0501C3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt09150 N MERIDIAN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN

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