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Indianapolis Bar Foundation INC

Tax-deductible

Indianapolis, IN501(c)(3)Crime & LegalEIN 23-7051780Revenue $593K in FY2024

On file with the IRSindybar.org/about/bar-foundation140 N Illinois St, 46204-1914 · Indianapolis, INTax-exempt since Dec 1969Publicly supported charity — 170(b)(1)(A)(vi)

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To advance justice and lead positive change in Indianapolis through philanthropy, education, and service.

501(c)(3) charity; gifts are tax-deductible.
40¢ of each $1 spent went to programs.
Run by 32 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $160K a year · 33% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
40%
of spending
Concern: 40% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $6K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$35K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
42
of 42 voting members
Looks good: 42 of 42 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$593K
-14% vs prior year
Spent
$387K
To programs
40%
Net assets
$2.8M
By yearFY2020–FY2024
Revenue
$593K
FY2024▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$278K
FY2021$448K
FY2022$404K
FY2023$692K
FY2024$593K
Expenses
$387K
FY2024▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$322K
FY2021$309K
FY2022$277K
FY2023$320K
FY2024$387K
Net assets
$2.8M
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.4M
FY2022$2.2M
FY2023$2.5M
FY2024$2.8M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1969.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

40 cents of each dollar spent went to programs.

Program services 40% · $155K Management & general 35% · $134K Fundraising 25% · $98K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

43 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Amber Finley
At-Large
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
April Jay
At-Large
$0Pt VII · Sec A
Bianca Black
At-Large
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Indianapolis Bar Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Advance justice and lead positive change in Indianapolis through philanthropy, education, and service.

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Provided by the organization

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1 program · $155K · in their own filed words · FY2024
01

Professional programs designed to enhance the legal profession through the exchange of ideas and increase community awareness of various legal functions.

$155Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Faegre Baker Daniels FoundationFY2023$6K
Nina Mason Pulliam Charitable TrustFY2023$100
Amazonsmile FoundationFY2023$54
Total grants receivedfrom 3 funders$6K
See all 3 funders →
Grants paid · 10 grants · $426K · 2020–2024
Indianapolis Bar Association INCIN · FY2024$120,000
Indiana Legal Services INCIN · FY2024$17,500
Unitemized GrantFY2024$4,600
Indianapolis Bar Association INCIN · FY2023$94,000
You Yes You Project CorpIN · FY2023$35,000
Unitemized GrantFY2023$7,600
Unitemized GrantFY2022$9,100
Indianapolis Bar Association INCIN · FY2021$94,000
Unitemized GrantFY2021$9,100
Indianapolis Bar Association INCIN · FY2020$35,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$593K
Ln 12
Gifts and grantsLn 1h$348K
Investment incomeLn 3$198K
Other incomeLn 4–11$46K
Money outPt IX
$387K
Ln 25
Programscol B$155K
Managementcol C$134K
Fundraisingcol D$98K
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$164K
Total assetsLn 16$2.9M
LiabilitiesLn 26$35K
PeoplePt VI, VII
43
listed · VII A
PaidVII A0
Voting boardVI 1a42
IndependentVI 1b42
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$348K
Fundraising eventsLn 1c$117K
Investment incomeLn 3$198K
Other incomeLn 4–11$46K
Gains on assetsLn 7$128K
Total revenueLn 12$593K
Assets in detailPt X, end of year
CashLn 1$164K
Cash and savings togetherLn 1–2$164K
InvestmentsLn 11–13$2.6M
Other assetsLn 15$31K
Total assetsLn 16$2.9M
LiabilitiesLn 26$35K
Net assetsLn 32$2.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 632
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$310K$164K
InvestmentsLn 11–13$2.1M$2.6M
Total assetsLn 16$2.5M$2.9M
LiabilitiesLn 26$0$35K
Net assetsLn 32$2.5M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$150K$150K
Grants to domestic individualsLn 2$5K$5K
Accounting feesLn 11c$10K$10K
Investment management feesLn 11f$14K$14K
Other fees for servicesLn 11g$10K$10K
Office expensesLn 13$76$19$57
Conferences, conventions and meetingsLn 19$38K$38K
Payments to affiliatesLn 21$125K$38K$88K
Other expenses (24a–d)Ln 24$35K$25K$10K
Total functional expensesLn 25$387K$155K$134K$98K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $593K$387K$207K$2.8M 990 PDF
FY2023 $692K$320K$372K$2.5M 990 PDF
FY2022 $404K$277K$127K$2.2M 990 PDF
FY2021 $448K$309K$139K$2.4M 990 PDF
FY2020 $278K$322K−$44K$2.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $593,236 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $322,979$348,412
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $368,887$198,462
I-11 Other revenuePrior year −$57$46,362
I-12 Total revenuePrior year $691,809$593,236
I-13 Grants and similar amounts paidPrior year $140,000$155,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $180,307$231,731
I-18 Total expensesPrior year $320,307$386,731
I-19 Revenue less expensesPrior year $371,502$206,505
Part VI · Governance 42 of 42 board members independent, 2 to look at
VI-1a Voting members of the governing body42
VI-1b Independent voting members42
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $593,236 across 7 lines filed
VIII-1c Fundraising events$116,953
VIII-1f All other contributions, gifts and grants$231,459
VIII-1h Total contributions, gifts and grants$348,412
VIII-3 Investment incomeExcluded from tax $70,787$70,787
VIII-7 Net gain or loss on sales of assetsExcluded from tax $127,675$127,675
VIII-8 Net income from fundraising eventsExcluded from tax $46,362$46,362
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $244,824$593,236
Part IX · Statement of functional expenses $386,731 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $150,400$150,400
IX-2 Grants to domestic individualsPrograms $4,600$4,600
IX-11c Accounting feesManagement $9,800$9,800
IX-11f Investment management feesManagement $14,335$14,335
IX-11g Other fees for servicesManagement $9,720$9,720
IX-13 Office expensesManagement $19 · Fundraising $57$76
IX-19 Conferences, conventions and meetingsManagement $37,839$37,839
IX-21 Payments to affiliatesManagement $37,500 · Fundraising $87,500$125,000
IX-24 Other expenses (24a–d)Management $25,003 · Fundraising $9,958$34,961
IX-25 Total functional expensesPrograms $155,000 · Management $134,216 · Fundraising $97,515$386,731
Part X · Balance sheet $2,866,771 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $310,370$163,607
X-3 Pledges and grants receivableStart of year $96,291$86,855
X-4 Accounts receivableStart of year $2,000$2,990
X-9 Prepaid expenses and deferred chargesStart of year $6,500$10,287
X-11 Publicly traded securitiesStart of year $2,070,338$2,571,910
X-15 Other assetsStart of year $36,388$31,122
X-16 Total assetsStart of year $2,521,887$2,866,771
X-17 Accounts payable and accrued expenses$3,829
X-18 Grants payable$17,500
X-25 Other liabilitiesStart of year $0$13,298
X-26 Total liabilitiesStart of year $0$34,627
X-27 Net assets without donor restrictionsStart of year $1,907,988$2,224,575
X-28 Net assets with donor restrictionsStart of year $613,899$607,569
X-32 Total net assets or fund balancesStart of year $2,521,887$2,832,144
X-33 Total liabilities and net assetsStart of year $2,521,887$2,866,771
Part XI · Reconciliation of net assets $2,832,144 net assets at year end
XI-1 Total revenue$593,236
XI-2 Total expenses$386,731
XI-3 Revenue less expenses$206,505
XI-4 Net assets at start of year$2,521,887
XI-5 Net unrealized gains (losses) on investments$103,752
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,832,144

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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