The Indiana Karst Conservancy is a non-profit organization dedicated to the conservation and preservation of caves and karst features in Indiana and other areas of the world. The Conservancy encourages research and promotes education related to karst and its proper, environmentally compatible use.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $86K a year · 59% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
202 mo
of spending, in cash
Plus $631K in investments, Pt X · Ln 11–13
Looks good: 202.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$58K
-72% vs prior year
Spent
$11K
To programs
100%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$58K
FY2024▼ -72%
Tap a bar for its year
Revenue by fiscal year
FY2020$55K
FY2021$451K
FY2022$36K
FY2023$209K
FY2024$58K
FY2025$72K
Expenses
$11K
FY2024▼ -95%
Tap a bar for its year
Expenses by fiscal year
FY2020$77K
FY2021$25K
FY2022$10K
FY2023$219K
FY2024$11K
FY2025$22K
Net assets
$1.7M
FY2024▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$870K
FY2021$1.3M
FY2022$1.3M
FY2023$1.6M
FY2024$1.7M
FY2025$1.9M

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1986.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $11K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Indiana Karst Conservancy 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Conserves and preserves Indiana's caves and karst features through research and education.

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Provided by the organization

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3 programs · $7K · in their own filed words · FY2024
01

Educational Services

The IKC has many volunteers who provide educational services to school groups, conservation groups, youth groups (e.g., Scout troops, developers, government agencies, and the general public who live in karst areas). In 2024, volunteers organized or presented at a number of events.

$4Kprogram expense
02

Land Stewardship

The Indiana Karst Conservancy over the years has acquired seven conservation properties and one conservation easement to protect and promote karst education. In 2024, we continued to expended resources (funds and volunteer labor) at our various preserves, including trail maintenance, tree planting, invasive plant control, and the…

$2Kprogram expense
03

Training

The IKC sponsored an Orientation to Cave Rescue in 2024 with approximately 25 participants. There was a participation fee but it did not cover the total cost of the training.

$2Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$4K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$58K
Ln 12
Gifts and grantsLn 1h$49K
Investment incomeLn 3$8K
Fees for servicesLn 2g$950
Money outPt IX
$11K
Ln 25
Programscol B$11K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$190K
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$49K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$950
Investment incomeLn 3$8K
Gains on assetsLn 7$0
Total revenueLn 12$58K
Assets in detailPt X, end of year
CashLn 1$14K
SavingsLn 2$176K
Cash and savings togetherLn 1–2$190K
InvestmentsLn 11–13$631K
Land, buildings, equipmentLn 10c$887K
Other assetsLn 15$0
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$144K$190K
InvestmentsLn 11–13$522K$631K
Land, buildings, equipmentLn 10c$887K$887K
Total assetsLn 16$1.6M$1.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.6M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$500$500
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Office expensesLn 13$1K$1K$0$0
InsuranceLn 23$2K$2K$0$0
Other expenses (24a–d)Ln 24$8K$8K$0$0
Total functional expensesLn 25$11K$11K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $72K$22K$50K$1.9M 990 PDF
FY2024 Viewing $58K$11K$47K$1.7M 990 PDF
FY2023 $209K$219K−$9K$1.6M 990 PDF
FY2022 $36K$10K$26K$1.3M 990 PDF
FY2021 $451K$25K$425K$1.3M 990 PDF
FY2020 $55K$77K−$22K$870K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $58,160 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $194,184$49,476
I-9 Program service revenuePrior year $7,614$950
I-10 Investment incomePrior year $7,328$7,734
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $209,126$58,160
I-13 Grants and similar amounts paidPrior year $500$500
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 $218,068$10,796
I-18 Total expensesPrior year $218,568$11,296
I-19 Revenue less expensesPrior year −$9,442$46,864
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $58,160 across 15 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$5,051
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$44,425
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$49,476
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $950 · Unrelated business $0 · Excluded from tax $0$950
VIII-3 Investment incomeRelated to mission $7,734 · Unrelated business $0 · Excluded from tax $0$7,734
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $8,684 · Unrelated business $0 · Excluded from tax $0$58,160
Part IX · Statement of functional expenses $11,296 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $500$500
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $1,154 · Management $0 · Fundraising $0$1,154
IX-23 InsurancePrograms $1,811 · Management $0 · Fundraising $0$1,811
IX-24 Other expenses (24a–d)Programs $7,831 · Management $0 · Fundraising $0$7,831
IX-25 Total functional expensesPrograms $11,296 · Management $0 · Fundraising $0$11,296
Part X · Balance sheet $1,708,150 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $13,748$14,004
X-2 Savings and temporary cash investmentsStart of year $129,800$176,408
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $887,013$887,013
X-11 Publicly traded securitiesStart of year $522,067$630,725
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $1,552,628$1,708,150
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,552,628$1,708,150
X-33 Total liabilities and net assetsStart of year $1,552,628$1,708,150
Part XI · Reconciliation of net assets $1,708,150 net assets at year end
XI-1 Total revenue$58,160
XI-2 Total expenses$11,296
XI-3 Revenue less expenses$46,864
XI-4 Net assets at start of year$1,552,628
XI-5 Net unrealized gains (losses) on investments$108,658
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,708,150

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

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