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Ihsaa Foundation INC FY2023 filing

Tax-deductible

Indianapolis, IN501(c)(3)Since 2016Education EIN 81-2053031Revenue $168K in FY2023

On file with the IRSihsaafoundation.org9150 N Meridian St, 46260-1802 · Indianapolis, INTax-exempt since Jul 2018Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of the Ihsaa Foundation is to be organized and operated exclusively for the charitable benefits of Ihsaa member schools and their student athletes. The Foundation shall maintain a fund and use the income generated from the fund to promote the educational purposes of the indiana high school athletic association, INC. Its member schools and support deserving student athletes in their pursuit of post-secondary education.

501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
5 of 5
filings with a surplus
Average surplus $156K a year · 46% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Plus $899K in investments, Pt X · Ln 11–13
Looks good: 20.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $26K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$19K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$168K
-42% vs prior year
Spent
$89K
To programs
53%
Net assets
$1.1M
By yearFY2021–FY2025
Revenue
$168K
FY2023▼ -42%
Tap a bar for its year
Revenue by fiscal year
FY2021$420K
FY2022$291K
FY2023$168K
FY2024$196K
FY2025$633K
Expenses
$89K
FY2023▼ -32%
Tap a bar for its year
Expenses by fiscal year
FY2021$269K
FY2022$130K
FY2023$89K
FY2024$121K
FY2025$322K
Net assets
$1.1M
FY2023▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2021$877K
FY2022$928K
FY2023$1.1M
FY2024$1.2M
FY2025$1.5M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 2018.

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

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $47K Management & general 23% · $20K Fundraising 24% · $21K

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

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Jim Sandgren
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Wayne Barker
Board Member
$0Pt VII · Sec A
Tina Bennett
Board Member
$0Pt VII · Sec A
Grant Clapacs
Board Member
$0Pt VII · Sec A
Bobby Cox
Board Member
$0Pt VII · Sec A

Trip Lukemeyer’s $83K as Director is at the 74th percentile of top reported officer pay among 1613 $100K–1M education 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.

See Ihsaa 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

Supports high school athletic programs and student athletes in member schools.

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Provided by the organization

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1 program · $47K · in their own filed words · FY2022
01

To promote the educational purposes of the indiana high school athletic association, inc. And it's member schools and support deserving student athletes in their pursuit of post-secondary education.

$47Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$12K
Raymond James Charitable Endowment FundFY2024$12K
Lilly Endowment INCFY2024$1K
Total grants receivedfrom 3 funders$26K
See all 3 funders →
Grants paid · 24 grants · $94K · 2020–2024
Unitemized GrantFY2024$9,000
Unitemized GrantFY2024$3,500
Unitemized GrantFY2024$2,000
Unitemized GrantFY2024$2,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2023$9,000
Unitemized GrantFY2023$2,000
Unitemized GrantFY2023$2,000
Unitemized GrantFY2023$2,000
Unitemized GrantFY2023$2,000
Unitemized GrantFY2023$2,000
Unitemized GrantFY2022$15,500
Unitemized GrantFY2022$4,000
Unitemized GrantFY2022$4,000
See all 24 grants →

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$168K
Ln 12
Gifts and grantsLn 1h$165K
Investment incomeLn 3$19K
Money outPt IX
$89K
Ln 25
Programscol B$47K
Managementcol C$20K
Fundraisingcol D$21K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$150K
Total assetsLn 16$1.1M
LiabilitiesLn 26$19K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$165K
Fundraising eventsLn 1c$31K
Investment incomeLn 3$19K
Gains on assetsLn 7−$423
Total revenueLn 12$168K
Assets in detailPt X, end of year
CashLn 1$125K
SavingsLn 2$25K
Cash and savings togetherLn 1–2$150K
InvestmentsLn 11–13$899K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.1M
LiabilitiesLn 26$19K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
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
LineStart FY23End FY23
Cash and savingsLn 1–2$69K$150K
InvestmentsLn 11–13$830K$899K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$931K$1.1M
LiabilitiesLn 26$3K$19K
Net assetsLn 32$928K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$26K$26K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$7K$7K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$20K$20K
Office expensesLn 13$2K$2K$198
Information technologyLn 14$3K$3K
TravelLn 17$3K$3K$549
Conferences, conventions and meetingsLn 19$697$697
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$20K$19K$1K
Total functional expensesLn 25$89K$47K$20K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $633K$322K$311K$1.5M 990 PDF
FY2024 $196K$121K$76K$1.2M 990 PDF
FY2023 Viewing $168K$89K$80K$1.1M 990 PDF
FY2022 $291K$130K$160K$928K 990 PDF
FY2021 $420K$269K$151K$877K 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 FY2023 990 (6 parts)
Part I · Summary $168,393 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $275,210$164,971
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $7,145$18,506
I-11 Other revenuePrior year $8,328−$15,084
I-12 Total revenuePrior year $290,683$168,393
I-13 Grants and similar amounts paidPrior year $21,000$25,500
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 $109,228$63,136
I-18 Total expensesPrior year $130,228$88,636
I-19 Revenue less expensesPrior year $160,455$79,757
Part VI · Governance 15 of 16 board members independent, 3 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members15
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 $168,393 across 8 lines filed
VIII-1c Fundraising events$30,650
VIII-1d Related organizations$37,569
VIII-1f All other contributions, gifts and grants$96,752
VIII-1h Total contributions, gifts and grants$164,971
VIII-3 Investment incomeExcluded from tax $18,929$18,929
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$423−$423
VIII-8 Net income from fundraising eventsExcluded from tax −$15,084−$15,084
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,422$168,393
Part IX · Statement of functional expenses $88,636 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $25,500$25,500
IX-11c Accounting feesManagement $2,375$2,375
IX-11f Investment management feesManagement $6,782$6,782
IX-11g Other fees for servicesManagement $2,165$2,165
IX-12 Advertising and promotionFundraising $20,108$20,108
IX-13 Office expensesManagement $1,784 · Fundraising $198$1,982
IX-14 Information technologyManagement $2,938$2,938
IX-17 TravelPrograms $2,901 · Fundraising $549$3,450
IX-19 Conferences, conventions and meetingsManagement $697$697
IX-23 InsuranceManagement $2,275$2,275
IX-24 Other expenses (24a–d)Programs $18,890 · Management $1,474$20,364
IX-25 Total functional expensesPrograms $47,291 · Management $20,490 · Fundraising $20,855$88,636
Part X · Balance sheet $1,094,192 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $45,382$124,998
X-2 Savings and temporary cash investmentsStart of year $24,002$25,007
X-4 Accounts receivableStart of year $31,619$44,741
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $829,849$899,446
X-16 Total assetsStart of year $930,852$1,094,192
X-17 Accounts payable and accrued expensesStart of year $2,889$10,336
X-19 Deferred revenue$9,000
X-26 Total liabilitiesStart of year $2,889$19,336
X-27 Net assets without donor restrictionsStart of year $450,851$524,657
X-28 Net assets with donor restrictionsStart of year $477,112$550,199
X-32 Total net assets or fund balancesStart of year $927,963$1,074,856
X-33 Total liabilities and net assetsStart of year $930,852$1,094,192
Part XI · Reconciliation of net assets $1,074,856 net assets at year end
XI-1 Total revenue$168,393
XI-2 Total expenses$88,636
XI-3 Revenue less expenses$79,757
XI-4 Net assets at start of year$927,963
XI-5 Net unrealized gains (losses) on investments$67,136
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,074,856

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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