philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Ihsaa Foundation INC FY2024 filing

Tax-deductible

Indianapolis, IN501(c)(3)Since 2016Education EIN 81-2053031Revenue $196K in FY2024

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

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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.
44¢ 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
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
44%
of spending
Concern: 44% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Plus $1.0M in investments, Pt X · Ln 11–13
Looks good: 18.6 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
$37K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 17 voting members
Looks good: 16 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$196K
+17% vs prior year
Spent
$121K
To programs
44%
Net assets
$1.2M
By yearFY2021–FY2025
Revenue
$196K
FY2024▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2021$420K
FY2022$291K
FY2023$168K
FY2024$196K
FY2025$633K
Expenses
$121K
FY2024▲ +36%
Tap a bar for its year
Expenses by fiscal year
FY2021$269K
FY2022$130K
FY2023$89K
FY2024$121K
FY2025$322K
Net assets
$1.2M
FY2024▲ +9%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

Give 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 2018.

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

Where the money goes

44 cents of each dollar spent went to programs.

Program services 44% · $54K Management & general 28% · $33K Fundraising 28% · $34K

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

Something off? Claim to add context

Who runs it and what they're paid

18 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
Jen Wilfong
Vice Chair
$0Pt VII · Sec A
Jim Sandgren
Treasurer
$0Pt VII · Sec A
Milt Thompson
Secretary
$0Pt VII · Sec A
Paul Neidig
Board Member
$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

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 →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for Ihsaa Foundation INC

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

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

Provided by the organization

Know this org? Add your story

1 program · $54K · in their own filed words · FY2023
01

The foundation distributed funds to support program development at member schools, including launching officiating 101 at 10 schools and aiding athletic directors in leadership training. It also funded improvements to student advisory councils and participation in the student leadership conference.

$54Kprogram 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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$196K
Ln 12
Gifts and grantsLn 1h$137K
Investment incomeLn 3$51K
Other incomeLn 4–11$8K
Money outPt IX
$121K
Ln 25
Programscol B$54K
Managementcol C$33K
Fundraisingcol D$34K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$187K
Total assetsLn 16$1.2M
LiabilitiesLn 26$37K
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$137K
Fundraising eventsLn 1c$14K
Investment incomeLn 3$51K
Other incomeLn 4–11$8K
Gains on assetsLn 7$26K
Total revenueLn 12$196K
Assets in detailPt X, end of year
CashLn 1$162K
SavingsLn 2$25K
Cash and savings togetherLn 1–2$187K
InvestmentsLn 11–13$1.0M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.2M
LiabilitiesLn 26$37K
Net assetsLn 32$1.2M
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 FY24End FY24
Cash and savingsLn 1–2$150K$187K
InvestmentsLn 11–13$899K$1.0M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.1M$1.2M
LiabilitiesLn 26$19K$37K
Net assetsLn 32$1.1M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$20K$20K
Accounting feesLn 11c$21K$21K
Investment management feesLn 11f$7K$7K
Advertising and promotionLn 12$29K$29K
Office expensesLn 13$2K$1K$163
TravelLn 17$3K$3K$512
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$37K$31K$756$4K
Total functional expensesLn 25$121K$54K$33K$34K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $633K$322K$311K$1.5M 990 PDF
FY2024 Viewing $196K$121K$76K$1.2M 990 PDF
FY2023 $168K$89K$80K$1.1M 990 PDF
FY2022 $291K$130K$160K$928K 990 PDF
FY2021 $420K$269K$151K$877K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $196,284 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $164,971$137,433
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $18,506$50,562
I-11 Other revenuePrior year −$15,084$8,289
I-12 Total revenuePrior year $168,393$196,284
I-13 Grants and similar amounts paidPrior year $25,500$19,500
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 $63,136$101,201
I-18 Total expensesPrior year $88,636$120,701
I-19 Revenue less expensesPrior year $79,757$75,583
Part VI · Governance 16 of 17 board members independent, 3 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members16
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 $196,284 across 7 lines filed
VIII-1c Fundraising events$13,535
VIII-1f All other contributions, gifts and grants$123,898
VIII-1h Total contributions, gifts and grants$137,433
VIII-3 Investment incomeExcluded from tax $24,711$24,711
VIII-7 Net gain or loss on sales of assetsExcluded from tax $25,851$25,851
VIII-8 Net income from fundraising eventsExcluded from tax $8,289$8,289
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $58,851$196,284
Part IX · Statement of functional expenses $120,701 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $19,500$19,500
IX-11c Accounting feesManagement $21,072$21,072
IX-11f Investment management feesManagement $7,465$7,465
IX-12 Advertising and promotionFundraising $28,802$28,802
IX-13 Office expensesManagement $1,473 · Fundraising $163$1,636
IX-17 TravelPrograms $2,708 · Fundraising $512$3,220
IX-23 InsuranceManagement $2,494$2,494
IX-24 Other expenses (24a–d)Programs $31,397 · Management $756 · Fundraising $4,359$36,512
IX-25 Total functional expensesPrograms $53,605 · Management $33,260 · Fundraising $33,836$120,701
Part X · Balance sheet $1,204,840 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $124,998$162,202
X-2 Savings and temporary cash investmentsStart of year $25,007$25,015
X-4 Accounts receivableStart of year $44,741$3,035
X-9 Prepaid expenses and deferred chargesStart of year $0$258
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $899,446$1,014,330
X-16 Total assetsStart of year $1,094,192$1,204,840
X-17 Accounts payable and accrued expensesStart of year $10,336$2,058
X-19 Deferred revenueStart of year $9,000$35,400
X-26 Total liabilitiesStart of year $19,336$37,458
X-27 Net assets without donor restrictionsStart of year $524,657$570,226
X-28 Net assets with donor restrictionsStart of year $550,199$597,156
X-32 Total net assets or fund balancesStart of year $1,074,856$1,167,382
X-33 Total liabilities and net assetsStart of year $1,094,192$1,204,840
Part XI · Reconciliation of net assets $1,167,382 net assets at year end
XI-1 Total revenue$196,284
XI-2 Total expenses$120,701
XI-3 Revenue less expenses$75,583
XI-4 Net assets at start of year$1,074,856
XI-5 Net unrealized gains (losses) on investments$71,809
XI-8 Prior period adjustments−$21,200
XI-9 Other changes in net assets−$33,666
XI-10 Net assets at end of year$1,167,382

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.

Your org? Add context

Made it to the end? Claim this org

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.