Experiential Learning & Entreprenuership Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 35-1434281)

Revenue by fiscal year
FY2021	$928K
FY2022	$6.0M
FY2023	$28K
FY2024	$8K
FY2025	$174

Expenses by fiscal year
FY2021	$1.1M
FY2022	$1.1M
FY2023	$14K
FY2024	$0
FY2025	$746K

Net assets by fiscal year
FY2021	−$4.2M
FY2022	$724K
FY2023	$738K
FY2024	$746K
FY2025	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

99 cents of each dollar spent went to programs.

99%

Program services 99% · $742K Management & general 1% · $4K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Gary Aletto

Board Chairman

$0Pt VII · Sec A

Greg Kroot

Board Member

$0Pt VII · Sec A

Smoke Wallin

Board Member

$0Pt VII · Sec A

Bob Palmer

Vice President

$0Pt VII · Sec A

Mike Wells

Secretary/Treasurer

$0Pt VII · Sec A

Chris Lamothe

Board Member

$0Pt VII · Sec A

Cheryl Watson

Board Member

$0Pt VII · Sec A

See Experiential Learning & Entreprenuership 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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Administers educational programs to support learning and development.

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Provided by the organization

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1 program · $742K · in their own filed words · FY2024

01

Experiential learning and entrepreneurship assists educational organizations in the development and implementation of various educational programs for schoolchildren in central indiana.

$742Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 7 grants · $742K · 2024–2024

Carmel Dads Club INCIN · FY2024$280,000

160 Crossroads of America Council FIN · FY2024$150,000

Sexually Abused Children's Relief Endeavor (sacred)KS · FY2024$75,000

Elevate Indianapolis INCIN · FY2024$75,000

Brightlane Learning CorpIN · FY2024$75,000

Young Men's Christian Association of Greater IndianapolisIN · FY2024$75,000

Childrens Theraplay Foundation INCIN · FY2024$12,436

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$174

Ln 12

Investment incomeLn 3$174

Money outPt IX

$746K

Ln 25

Programscol B$742K

Managementcol C$4K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$174

Total revenueLn 12$174

Assets in detailPt X, end of year

CashLn 1$0

SavingsLn 2$0

InvestmentsLn 11–13$0

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$0

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 67

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$746K	$0
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c		$0
Total assetsLn 16	$746K	$0
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$746K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$742K	$742K
Accounting feesLn 11c	$4K		$4K
Total functional expensesLn 25	$746K	$742K	$4K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$174	$746K	−$746K	$0	990 PDF
FY2024	$8K	$0	$8K	$746K	990 PDF
FY2023	$28K	$14K	$14K	$738K	990 PDF
FY2022	$6.0M	$1.1M	$4.9M	$724K	990 PDF
FY2021	$928K	$1.1M	−$155K	−$4.2M	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 FY2025 990 (6 parts)

Part I · Summary $174 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $8,214$174

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $8,214$174

I-13 Grants and similar amounts paidPrior year $0$742,436

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 $0$4,000

I-18 Total expensesPrior year $0$746,436

I-19 Revenue less expensesPrior year $8,214−$746,262

Part VI · Governance 7 of 7 board members independent, 3 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

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

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $174 across 2 lines filed

VIII-3 Investment incomeExcluded from tax $174$174

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $174$174

Part IX · Statement of functional expenses $746,436 across 2 lines filed

IX-1 Grants to domestic organizationsPrograms $742,436$742,436

IX-11c Accounting feesManagement $4,000$4,000

IX-25 Total functional expensesPrograms $742,436 · Management $4,000 · Fundraising $0$746,436

Part X · Balance sheet $0 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $746,262$0

X-2 Savings and temporary cash investments$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred charges$0

X-10c Land, buildings and equipment, net$0

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assets$0

X-16 Total assetsStart of year $746,262$0

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $746,262$0

X-32 Total net assets or fund balancesStart of year $746,262$0

X-33 Total liabilities and net assetsStart of year $746,262$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$174

XI-2 Total expenses$746,436

XI-3 Revenue less expenses−$746,262

XI-4 Net assets at start of year$746,262

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Experiential Learning & Entreprenuership Foundation INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Experiential Learning & Entreprenuership Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV