William Taylor Foundation FY2024 filing

Tax-deductible

Upland, IN501(c)(3)Colleges & UniversitiesEIN 35-6047122Revenue $391K in FY2024

On file with the IRS236 W Reade Ave, 46989-1001 · Upland, INTax-exempt since Jul 1943Publicly supported charity — 170(b)(1)(A)(vi)

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Support the educational purposes of Taylor University.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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 $136K a year · 29% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 23.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.5M
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$391K
+33% vs prior year
Spent
$429K
To programs
81%
Net assets
$5.5M
By yearFY2020–FY2025
Revenue
$391K
FY2024▲ +33%
Tap a bar for its year
Revenue by fiscal year
FY2020$335K
FY2021$514K
FY2022$827K
FY2023$293K
FY2024$391K
FY2025$434K
Expenses
$429K
FY2024▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$283K
FY2021$294K
FY2022$261K
FY2023$363K
FY2024$429K
FY2025$347K
Net assets
$5.5M
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.6M
FY2021$4.9M
FY2022$5.1M
FY2023$4.8M
FY2024$5.5M
FY2025$5.9M

From the FY2024 Form 990 (year ending May 2024) · see the original

Form 990 (PDF) Claim
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 Jul 1943.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $346K Management & general 19% · $83K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (beginning June 2023)
$0Pt VII · Sec A
$0Pt VII · Sec A
See William Taylor 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

Supports Taylor University's educational mission through fundraising and resource development.

Provided by the organization

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1 program · $346K · in their own filed words · FY2023
01

Taylor University Foundation, Inc. exists to provide support to Taylor University. This support includes management of certain financial instruments, oversight of certain investment-oriented real estate, and special projects.

$346Kprogram 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 · 3 grants · $86K · 2022–2023
Taylor UniversityIN · FY2023$70,207
Nearspace Education INCIN · FY2023$10,000
Taylor UniversityIN · FY2022$5,500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$391K
Ln 12
Investment incomeLn 3$391K
Money outPt IX
$429K
Ln 25
Programscol B$346K
Managementcol C$83K
Owns and owesPt X
$5.5M
net assets · Ln 32
Cash and savingsLn 1–2$839K
Total assetsLn 16$9.0M
LiabilitiesLn 26$3.5M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$391K
Gains on assetsLn 7$124K
Total revenueLn 12$391K
Assets in detailPt X, end of year
SavingsLn 2$839K
Cash and savings togetherLn 1–2$839K
InvestmentsLn 11–13$8.1M
Land, buildings, equipmentLn 10c$33K
Other assetsLn 15$0
Total assetsLn 16$9.0M
LiabilitiesLn 26$3.5M
Net assetsLn 32$5.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
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 FY24End FY24
Cash and savingsLn 1–2$830K$839K
InvestmentsLn 11–13$7.7M$8.1M
Land, buildings, equipmentLn 10c$33K$33K
Total assetsLn 16$8.6M$9.0M
LiabilitiesLn 26$3.8M$3.5M
Net assetsLn 32$4.8M$5.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$80K$80K
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
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$450$0$450$0
Accounting feesLn 11c$16K$0$16K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$99$0$99$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$4$0$4$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$198$0$198$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$2K$0$2K$0
Other expenses (24a–d)Ln 24$330K$266K$64K$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$429K$346K$83K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $434K$347K$87K$5.9M 990 PDF
FY2024 Viewing $391K$429K−$38K$5.5M 990 PDF
FY2023 $293K$363K−$69K$4.8M 990 PDF
FY2022 $827K$261K$566K$5.1M 990 PDF
FY2021 $514K$294K$220K$4.9M 990 PDF
FY2020 $335K$283K$52K$3.6M 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 $391,432 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $293,271$391,432
I-11 Other revenue$0
I-12 Total revenuePrior year $293,271$391,432
I-13 Grants and similar amounts paidPrior year $10,750$80,207
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $351,785$348,807
I-18 Total expensesPrior year $362,535$429,014
I-19 Revenue less expensesPrior year −$69,264−$37,582
Part VI · Governance 2 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members2
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $391,432 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $267,864$267,864
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 $123,568$123,568
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $391,432$391,432
Part IX · Statement of functional expenses $429,014 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $80,207$80,207
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-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $450 · Fundraising $0$450
IX-11c Accounting feesPrograms $0 · Management $16,040 · Fundraising $0$16,040
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $99 · Fundraising $0$99
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $4 · Fundraising $0$4
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $198 · Fundraising $0$198
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $1,724 · Fundraising $0$1,724
IX-24 Other expenses (24a–d)Programs $266,292 · Management $64,000 · Fundraising $0$330,292
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $346,499 · Management $82,515 · Fundraising $0$429,014
Part X · Balance sheet $8,995,413 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $829,503$838,678
X-10c Land, buildings and equipment, netStart of year $33,326$33,326
X-11 Publicly traded securitiesStart of year $7,689,603$8,123,409
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $8,552,432$8,995,413
X-25 Other liabilitiesStart of year $3,783,653$3,524,906
X-26 Total liabilitiesStart of year $3,783,653$3,524,906
X-27 Net assets without donor restrictionsStart of year $2,081,334$2,319,755
X-28 Net assets with donor restrictionsStart of year $2,687,445$3,150,752
X-32 Total net assets or fund balancesStart of year $4,768,779$5,470,507
X-33 Total liabilities and net assetsStart of year $8,552,432$8,995,413
Part XI · Reconciliation of net assets $5,470,507 net assets at year end
XI-1 Total revenue$391,432
XI-2 Total expenses$429,014
XI-3 Revenue less expenses−$37,582
XI-4 Net assets at start of year$4,768,779
XI-5 Net unrealized gains (losses) on investments$593,803
XI-9 Other changes in net assets$145,507
XI-10 Net assets at end of year$5,470,507

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

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