Athenaeum Foundation INC

Tax-deductible

Indianapolis, IN501(c)(3)Foundations & GrantmakersEIN 35-1834667Revenue $1.8M in FY2024

On file with the IRSathfound.org401 E Michigan Street, 46204-1643 · Indianapolis, INTax-exempt since Nov 1991Supporting organization — 509(a)(3)

This page gets seen. Tell your story. Claim this org.

Preservation and restoration of a historic landmark building in indiana.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Run by 25 volunteers and 9 employees.
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 $561K a year · 28% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$126K
to officers and key staff · 7% of spending
Top officer’s pay higher than 51% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $138K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$151K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
-44% vs prior year
Spent
$1.7M
To programs
62%
Net assets
$4.5M
By yearFY2020–FY2024
Revenue
$1.8M
FY2024▼ -44%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.9M
FY2022$1.5M
FY2023$3.2M
FY2024$1.8M
Expenses
$1.7M
FY2024▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$983K
FY2021$1.4M
FY2022$1.5M
FY2023$1.5M
FY2024$1.7M
Net assets
$4.5M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$2.2M
FY2022$2.5M
FY2023$4.3M
FY2024$4.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1991.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $1.0M Management & general 27% · $456K Fundraising 11% · $195K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

20 people listed on the 990; $126K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$125,968Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Craig Mince’s $126K as President is at the 51st percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Craig Mince$125,968$125,238$126,063$108,268$105,247

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Athenaeum Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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 15aYes

Programs and updates

Preserves and restores a historic landmark building in Indiana.

Questions for Athenaeum Foundation INC

Tap to ask. Athenaeum Foundation INC sees how many people are interested.

Your first name shows with your question. Athenaeum Foundation INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $1.0M · in their own filed words · FY2024
01

Revitalize and restore a historic athenaeum building to serve as a center for the arts, entertainment and physical fitness. The organization sponsors a number of family and heritage related events and programs throughout the year and provides discounted or free meeting space to many not-for-profit organizations.

$1.0Mprogram 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 · FY2024
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Other incomeLn 4–11$1.4M
Gifts and grantsLn 1h$228K
Fees for servicesLn 2g$163K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.0M
Managementcol C$456K
Fundraisingcol D$195K
Owns and owesPt X
$4.5M
net assets · Ln 32
Cash and savingsLn 1–2$98K
Total assetsLn 16$4.6M
LiabilitiesLn 26$151K
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$228K
Noncash giftsLn 1g$700
Fundraising eventsLn 1c$51K
Fees for servicesLn 2g$163K
Investment incomeLn 3$55K
Other incomeLn 4–11$1.4M
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$98K
SavingsLn 2$0
Cash and savings togetherLn 1–2$98K
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$3.2M
Total assetsLn 16$4.6M
LiabilitiesLn 26$151K
Net assetsLn 32$4.5M
OperationsPt I, VI
EmployeesI 59
VolunteersI 625
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$1.4M$98K
Land, buildings, equipmentLn 10c$1.4M$1.3M
Total assetsLn 16$4.5M$4.6M
LiabilitiesLn 26$160K$151K
Net assetsLn 32$4.3M$4.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$137K$56K$51K$30K
Other salaries and wagesLn 7$402K$165K$149K$89K
Other employee benefitsLn 9$27K$11K$11K$5K
Payroll taxesLn 10$40K$16K$16K$8K
Legal feesLn 11b$16K$9K$6K
Accounting feesLn 11c$66K$39K$26K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$128K$96K$32K
Office expensesLn 13$82K$78K$4K
Information technologyLn 14$19K$11K$8K
OccupancyLn 16$470K$396K$60K$14K
TravelLn 17$39K$31K$4K$4K
InterestLn 20$63$63
Depreciation, depletion and amortizationLn 22$85K$81K$2K$3K
InsuranceLn 23$107K$86K$11K$11K
Other expenses (24a–d)Ln 24$74K$61K$12K
All other expensesLn 24e$3K$3K$39
Total functional expensesLn 25$1.7M$1.0M$456K$195K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.8M$1.7M$128K$4.5M 990 PDF
FY2023 $3.2M$1.5M$1.8M$4.3M 990 PDF
FY2022 $1.5M$1.5M−$18K$2.5M 990 PDF
FY2021 $1.9M$1.4M$510K$2.2M 990 PDF
FY2020 $1.4M$983K$396K$1.7M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 $1,827,108 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,530,740$228,151
I-9 Program service revenuePrior year $91,204$163,476
I-10 Investment incomePrior year $286,821$55,253
I-11 Other revenuePrior year $1,333,969$1,380,228
I-12 Total revenuePrior year $3,242,734$1,827,108
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $549,254$606,599
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $903,320$1,092,270
I-18 Total expensesPrior year $1,452,574$1,698,869
I-19 Revenue less expensesPrior year $1,790,160$128,239
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,827,108 across 10 lines filed
Lines not itemized here account for $10,813 of total revenue; see the IRS return.
VIII-1c Fundraising events$50,750
VIII-1f All other contributions, gifts and grants$177,401
VIII-1g Noncash contributions (included above)$700
VIII-1h Total contributions, gifts and grants$228,151
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $163,476$163,476
VIII-3 Investment incomeExcluded from tax $55,253$55,253
VIII-6 Net rental income or lossRelated to mission $1,364,888$1,364,888
VIII-8 Net income from fundraising eventsExcluded from tax $2,985$2,985
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,542$1,542
VIII-12 Total revenueRelated to mission $1,529,906 · Unrelated business $10,813 · Excluded from tax $58,238$1,827,108
Part IX · Statement of functional expenses $1,698,869 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $56,223 · Management $51,184 · Fundraising $29,999$137,406
IX-7 Other salaries and wagesPrograms $165,023 · Management $148,923 · Fundraising $88,549$402,495
IX-9 Other employee benefitsPrograms $10,734 · Management $10,734 · Fundraising $5,368$26,836
IX-10 Payroll taxesPrograms $15,945 · Management $15,945 · Fundraising $7,972$39,862
IX-11b Legal feesPrograms $9,345 · Management $6,230$15,575
IX-11c Accounting feesPrograms $39,421 · Management $26,281$65,702
IX-11g Other fees for servicesPrograms $3,322$3,322
IX-12 Advertising and promotionManagement $96,074 · Fundraising $32,024$128,098
IX-13 Office expensesPrograms $77,847 · Management $4,097$81,944
IX-14 Information technologyPrograms $11,286 · Management $7,524$18,810
IX-16 OccupancyPrograms $396,364 · Management $60,398 · Fundraising $13,590$470,352
IX-17 TravelPrograms $31,399 · Management $3,925 · Fundraising $3,925$39,249
IX-20 InterestManagement $63$63
IX-22 Depreciation, depletion and amortizationPrograms $80,797 · Management $1,701 · Fundraising $2,551$85,049
IX-23 InsurancePrograms $85,721 · Management $10,715 · Fundraising $10,715$107,151
IX-24 Other expenses (24a–d)Programs $61,347 · Management $12,324$73,671
IX-24e All other expensesPrograms $3,245 · Management $39$3,284
IX-25 Total functional expensesPrograms $1,048,019 · Management $456,157 · Fundraising $194,693$1,698,869
Part X · Balance sheet $4,641,877 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $177,406$98,286
X-2 Savings and temporary cash investmentsStart of year $1,255,688$0
X-3 Pledges and grants receivableStart of year $59,218$7,500
X-4 Accounts receivableStart of year $12,657$8,991
X-9 Prepaid expenses and deferred chargesStart of year $743,718$38,080
X-10c Land, buildings and equipment, netStart of year $1,360,755$1,314,313
X-15 Other assetsStart of year $856,139$3,174,707
X-16 Total assetsStart of year $4,465,581$4,641,877
X-17 Accounts payable and accrued expensesStart of year $138,791$133,943
X-19 Deferred revenueStart of year $20,310$16,571
X-25 Other liabilitiesStart of year $1,386$0
X-26 Total liabilitiesStart of year $160,487$150,514
X-27 Net assets without donor restrictionsStart of year $2,887,537$2,960,808
X-28 Net assets with donor restrictionsStart of year $1,417,557$1,530,555
X-32 Total net assets or fund balancesStart of year $4,305,094$4,491,363
X-33 Total liabilities and net assetsStart of year $4,465,581$4,641,877
Part XI · Reconciliation of net assets $4,491,363 net assets at year end
XI-1 Total revenue$1,827,108
XI-2 Total expenses$1,698,869
XI-3 Revenue less expenses$128,239
XI-4 Net assets at start of year$4,305,094
XI-9 Other changes in net assets$58,030
XI-10 Net assets at end of year$4,491,363

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.