INDIANA STATE MUSEUM FOUNDATION INC

EIN: 356202818 501(c)(3) Arts, Culture & Humanities

INDIANAPOLIS, IN

Total Revenue
$3,198,985
Total Expenses
$3,240,618
Total Assets
$11,001,738
Net Assets
$10,912,002
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
IN
Principal Officer
CATHRYN C FERREE
Phone
3172321637
Tax Period
2024-07-01 to 2025-06-30

INDIANA STATE MUSEUM FOUNDATION INC, founded in 1968, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.2M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Net assets of $10.9M represent 41 months of operating reserves.

Mission

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.

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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 $2,489,600
Program Service Revenue $0
Investment Income $709,385
Other Revenue $0
TOTAL REVENUE $3,198,985

Expense Breakdown

Grants Paid $3,189,672
Salaries & Benefits $0
Fundraising Expenses $6,741
Program Expenses $3,189,672
Other Expenses $50,946
TOTAL EXPENSES $3,240,618

Year-over-Year Comparison

2024 2023 Change
Revenue $3,198,985 $2,614,317 +0.2%
Expenses $3,240,618 $7,695,960 -0.6%
Net Income $-41,633 $-5,081,643 -1.0%
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

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
192

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
6
$304,216
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM BROWNE JR BOARD CHAIR THRU 12/31/24 5.00
Officer Director
$0 $0 $0
FRED CATE BOARD CHAIR AS OF 1/1/25 5.00
Officer Director
$0 $0 $0
NANCY JORDAN VICE CHAIR 5.00
Officer Director
$0 $0 $0
ELIZABETH WITTE SECRETARY 5.00
Officer Director
$0 $0 $0
ANDREW BRIGGS TREASURER 5.00
Officer Director
$0 $0 $0
MELISSA CAITO MEMBER 1.00
Director
$0 $0 $0
CHARLES CAMMACK JR MEMBER 1.00
Director
$0 $0 $0
ANDY CONNER MEMBER 1.00
Director
$0 $0 $0
AMBER FINLEY MEMBER 1.00
Director
$0 $0 $0
DAVID GO MEMBER THRU 6/11/25 1.00
Director
$0 $0 $0
DE'AMON HARGES MEMBER 1.00
Director
$0 $0 $0
PETER NAGEL MEMBER 1.00
Director
$0 $0 $0
ANGILA RETHERFORD MEMBER 1.00
Director
$0 $0 $0
MARC SAMARDZIJA MEMBER 1.00
Director
$0 $0 $0
JUDY SINGLETON MEMBER 1.00
Director
$0 $0 $0
MARY WALKER MEMBER 1.00
Director
$0 $0 $0
JOHN WECHSLER MEMBER 1.00
Director
$0 $0 $0
MICHAEL ZICK MEMBER 1.00
Director
$0 $0 $0
CATHRYN C FERREE CEO/PRESIDENT 10.00
Officer
$0 $51,363 $304,216
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
2025 $3,198,985 $3,240,618 $11,001,738 $-41,633
2024 $2,614,317 $7,695,960 $10,804,603 $-5,081,643
2023 $8,036,852 $3,922,837 $15,376,249 $4,114,015
2022 $3,558,484 $3,442,032 $11,032,023 $116,452
2021 $2,921,038 $2,189,743 $12,226,178 $731,295
2020 $3,337,728 $1,400,234 $10,429,810 $1,937,494
2019 $3,112,832 $3,344,928 $8,419,915 $-232,096
2018 $2,619,882 $4,051,689 $8,530,833 $-1,431,807
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