THE ATHENAEUM FOUNDATION INC

EIN: 351834667 501(c)(3) Philanthropy & Grantmaking

INDIANAPOLIS, IN

Total Revenue
$1,827,108
Total Expenses
$1,698,869
Total Assets
$4,641,877
Net Assets
$4,491,363
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
IN
Principal Officer
CRAIG MINCE
Phone
3176552755
Tax Period
2024-01-01 to 2024-12-31

THE ATHENAEUM FOUNDATION INC, founded in 1991, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $1.7M left a modest 7% surplus.

Mission

PRESERVATION AND RESTORATION OF A HISTORIC LANDMARK BUILDING IN INDIANA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $228,151
Program Service Revenue $163,476
Investment Income $55,253
Other Revenue $1,380,228
TOTAL REVENUE $1,827,108

Expense Breakdown

Grants Paid $0
Salaries & Benefits $606,599
Fundraising Expenses $194,693
Program Expenses $1,048,019
Other Expenses $1,092,270
TOTAL EXPENSES $1,698,869

Year-over-Year Comparison

2024 2023 Change
Revenue $1,827,108 $3,242,734 -0.4%
Expenses $1,698,869 $1,452,574 +0.2%
Net Income $128,239 $1,790,160 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
28
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$137,406
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEGHAN DEMARS-KIGER CHAIR 1.00
Officer Director
$0 $0 $0
NATALIE CLAYTON VICE CHAIR 1.00
Officer Director
$0 $0 $0
JUSTIN SUFAN TREASURER 1.00
Officer Director
$0 $0 $0
TODD SHELTON SECRETARY 1.00
Officer Director
$0 $0 $0
BRAD BOYD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER SCHNEIDER MEMBER 1.00
Director
$0 $0 $0
DAN MCMICHAEL MEMBER 1.00
Director
$0 $0 $0
DAVID KINGEN MEMBER 1.00
Director
$0 $0 $0
GILES HOYT MEMBER 1.00
Director
$0 $0 $0
GREG HENNEKE MEMBER 1.00
Director
$0 $0 $0
JENNI WERNER MEMBER 1.00
Director
$0 $0 $0
JUSTIN WADE MEMBER 1.00
Director
$0 $0 $0
KATE WARPOOL MEMBER 1.00
Director
$0 $0 $0
KERT TOLER MEMBER 1.00
Director
$0 $0 $0
MICHAEL SAUERS MEMBER 1.00
Director
$0 $0 $0
NICHOLE NEUMAN MEMBER 1.00
Director
$0 $0 $0
SUZANNE STANIS MEMBER 1.00
Director
$0 $0 $0
TAYLOR SCHAFFER MEMBER 1.00
Director
$0 $0 $0
TRINA DINGLE MEMBER 1.00
Director
$0 $0 $0
CRAIG MINCE PRESIDENT 40.00
Officer
$125,968 $11,438 $137,406
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,827,108 $1,698,869 $4,641,877 $128,239
2023 $3,242,734 $1,452,574 $4,465,581 $1,790,160
2022 $1,525,111 $1,542,826 $2,556,676 $-17,715
2021 $1,884,935 $1,375,394 $2,278,023 $509,541
2020 $1,379,609 $983,474 $1,761,226 $396,135
2019 $1,163,299 $1,200,538 $1,941,875 $-37,239
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