Butler Foundation FY2022 filing

Tax-deductible

Indianapolis, IN501(c)(3)EducationEIN 35-6016441

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To facilitate receipt of life income gifts for future benefit of Butler university.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2022 · 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
6 of 6
filings with a surplus
Average surplus $225K a year · 98% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Liabilities
$1.3M
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
31
of 31 voting members
Looks good: 31 of 31 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$702K
+354% vs prior year
Spent
$3K
To programs
0%
Net assets
$1.9M
By yearFY2020–FY2025
Revenue
$702K
FY2022▲ +354%
Revenue by fiscal year
FY2020$86K
FY2021$154K
FY2022$702K
FY2023$216K
FY2024$122K
FY2025$101K
Expenses
$3K
FY2022▼ -76%
Expenses by fiscal year
FY2020$13K
FY2021$15K
FY2022$3K
FY2023$0
FY2024$0
FY2025$0
Net assets
$1.9M
FY2022▼ -12%
Net assets by fiscal year
FY2020$1.7M
FY2021$2.1M
FY2022$1.9M
FY2023$2.0M
FY2024$2.6M
FY2025$1.5M

From the FY2022 Form 990 (year ending May 2022) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1956.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $3K

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

35 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
VP Finance & Admin/Asst Treas.
$0Pt VII · Sec A
General Counsel/Asst Secretary
$0Pt VII · Sec A
Controller/Asst Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Butler Foundation 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

Secures life income gifts and financial support to strengthen Butler University’s endowment, operations, and long-term educational mission.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2021.
01

Butler foundation works closely with butler university to support the advancement, endowment opportunities, and ongoing operations of butler university. These activities are important to the long-term financial health of the organization in furtherance of the educational goals of butler university.

Pt IX · col B

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By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$702K
Ln 12
Investment incomeLn 3$702K
Money outPt IX
$3K
Ln 25
Managementcol C$3K
Owns and owesPt X
$1.9M
net assets · Ln 32
Total assetsLn 16$3.2M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
35
listed · VII A
PaidVII A0
Voting boardVI 1a31
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$702K
Gains on assetsLn 7$666K
Total revenueLn 12$702K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$3.2M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$3.2M
LiabilitiesLn 26$1.3M
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMay
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 FY22End FY22
Cash and savingsLn 1–2$0$0
InvestmentsLn 11–13$3.6M$3.2M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$3.6M$3.2M
LiabilitiesLn 26$1.5M$1.3M
Net assetsLn 32$2.1M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$3K$0$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $101K$0$101K$1.5M 990 PDF
FY2024 $122K$0$122K$2.6M 990 PDF
FY2023 $216K$0$216K$2.0M 990 PDF
FY2022 Viewing $702K$3K$698K$1.9M 990 PDF
FY2021 $154K$15K$140K$2.1M 990 PDF
FY2020 $86K$13K$73K$1.7M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $701,712 across 7 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $35,759$35,759
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $665,953$665,953
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $701,712$701,712
Part IX · Statement of functional expenses $3,430 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $3,430$3,430
IX-25 Total functional expensesPrograms $0 · Management $3,430 · Fundraising $0$3,430
Part X · Balance sheet $3,152,585 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $0$0
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 $0$0
X-11 Publicly traded securitiesStart of year $3,583,650$3,152,585
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 $3,583,650$3,152,585
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-25 Other liabilitiesStart of year $1,450,420$1,269,201
X-26 Total liabilitiesStart of year $1,450,420$1,269,201
X-27 Net assets without donor restrictionsStart of year $83$83
X-28 Net assets with donor restrictionsStart of year $2,133,147$1,883,301
X-32 Total net assets or fund balancesStart of year $2,133,230$1,883,384
X-33 Total liabilities and net assetsStart of year $3,583,650$3,152,585
Part XI · Reconciliation of net assets $1,883,384 net assets at year end
XI-1 Total revenue$701,712
XI-2 Total expenses$3,430
XI-3 Revenue less expenses$698,282
XI-4 Net assets at start of year$2,133,230
XI-5 Net unrealized gains (losses) on investments−$948,128
XI-10 Net assets at end of year$1,883,384

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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