2026-05-11T09:27:49+00:00 2025-06-30 440160260 Forvis Mazars LLP 820 Massachusetts Ave Suite 1370 Indianapolis IN 46204 990 2024-07-01 356024566 Ball State University Foundation Inc BALL 7652858312 2800 W Bethel Avenue Muncie IN 47304 Jean Kramer Crosby President 7652858312 2026-05-11 true Nicole Fishback P01279475 3173834000 2026-05-15 2024 2025-03-06 01:10:19Z Jean Kramer Crosby 2800 W Bethel Avenue Muncie IN 47304 74975494 false X www.bsu.edu/bsufoundation X 1950 IN To foster philanthropic support that aligns with Ball State University's mission of engaging students in educational, research, and creative endeavors, enabling them to pursue fulfilling careers and meaningful lives. 37 33 98 39 148419 1963667 65701692 27029416 1106 0 1238078 3203568 1296 0 66942172 30232984 18696553 25905836 0 7209803 7700205 0 4444791 4343256 4122974 30249612 37729015 36692560 -7496031 413594191 438758562 16689739 15968377 396904452 422790185 Our mission is to optimize sustainable support for Ball State University by obtaining, investing, and managing private gifts wisely while fulfilling our fiduciary responsibilities to Donors, the University, and designated beneficiaries. The Ball State University Foundation will continue to support the University's mission by maintaining its reputation as an institution of excellence while fostering a culture of philanthropy, service, volunteer leadership, and exemplary fiduciary responsibility. false false 13251743 13251743 SUPPORT OF FACILITIES AND EQUIPMENT TO ENHANCE THE EDUCATIONAL OPPORTUNITIES AND ENVIRONMENT FOR BALL STATE UNIVERSITY STUDENTS. 10462131 8622663 SUPPORT IS PROVIDED TO BALL STATE UNIVERSITY IN THE FOLLOWING AREAS ACADEMIC PROGRAMS, ADVANCEMENT AND DEVELOPMENT, FACULTY SUPPORT, RESEARCH, FACULTY AND STUDENT RECRUITMENT, PUBLIC SERVICE, EXTERNAL RELATIONSHIPS, ARTWORK, LIBRARY MATERIALS, AND ATHLETICS. THESE PROGRAMS SERVE TO ENHANCE THE EDUCATIONAL EXPERIENCE. 4031430 4031430 SCHOLARSHIPS AND FINANCIAL AID ARE PROVIDED TO STUDENTS AT BALL STATE UNIVERSITY TO FURTHER THEIR EDUCATIONAL GOALS. DURING FISCAL YEAR 2025, THE FOUNDATION PROVIDED OVER $25 MILLION TO BALL STATE UNIVERSITY, INCLUDING 1,860 SCHOLARSHIPS IMPACTING OVER 1,500 STUDENTS. 27745304 true true false true false false false false false true true true false false true false false true false false false false false false false false false true false true false false false false false false false false true false true true false false false true true true false false true 25 0 true 98 true true true false false false false false false false false false false false X 37 33 false false false false false false false true true false false false true true true true true true true false false false IN X X Amy McClure 7652858312 2800 W Bethel Avenue Muncie IN 47304 DAVID W HEETER CHAIR-ELECT 1.0 2.0 X X 0 0 0 GEOFFREY MEARNS EX-OFFICIO VICE CHAIR & PRES. 1.0 54.0 X X 0 606100 74426 JEAN KRAMER CROSBY PRESIDENT 51.0 4.0 X X 307156 0 33182 JILL S LACY SECRETARY 1.0 0.0 X X 0 0 0 MICHAEL C RAY IMMEDIATE PAST CHAIR 1.0 2.0 X X 0 0 0 PATRICK J ALDERICE CHAIR 1.0 2.0 X X 0 0 0 ALAN FINN VP OF FINANCE & TREASURER (End 02/25) 1.0 54.0 X 0 303899 42800 BENTE M WEITEKAMP BOARD MEMBER 1.0 0.0 X 0 0 0 BETSY M ROSS BOARD MEMBER 1.0 0.0 X 0 0 0 BRIAN J HAYNES BOARD MEMBER 1.0 0.0 X 0 0 0 CHARLES A BARTH BOARD MEMBER 1.0 0.0 X 0 0 0 DAMITA J WILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 DAN L MOLINARO BOARD MEMBER 1.0 0.0 X 0 0 0 DANIEL J TOWRISS BOARD MEMBER 1.0 0.0 X 0 0 0 DONALD D DUMOULIN II BOARD MEMBER 1.0 0.0 X 0 0 0 DWIGHT D SMITH BOARD MEMBER 1.0 0.0 X 0 0 0 ERIC J FOSS BOARD MEMBER 1.0 0.0 X 0 0 0 HENRY HALL BOARD MEMBER 1.0 0.0 X 0 0 0 JAMES D FIELDS BOARD MEMBER 1.0 0.0 X 0 0 0 JAMES R WILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 JO ANN M GORA BOARD MEMBER 1.0 0.0 X 0 0 0 JULIE K GRIFFITH BOARD MEMBER 1.0 0.0 X 0 0 0 KATHERINE A ARBUCKLE BOARD MEMBER 1.0 0.0 X 0 0 0 KATHERINE M DOERKSEN BOARD MEMBER 1.0 0.0 X 0 0 0 KEITH A ROBINSON BOARD MEMBER 1.0 0.0 X 0 0 0 KELLI A LAWRENCE BOARD MEMBER 1.0 0.0 X 0 0 0 KYLE J WILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 LOU E HENSLEY BOARD MEMBER 1.0 0.0 X 0 0 0 MARLA K TEMPLETON BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL E EARLEY BOARD MEMBER 1.0 0.0 X 0 0 0 MICHELLE A RYAN BOARD MEMBER 1.0 0.0 X 0 0 0 NATALIE VEGA O'NEIL BOARD MEMBER 1.0 0.0 X 0 0 0 RANDY D PHILLIPS BOARD MEMBER 1.0 0.0 X 0 0 0 RICHARD J HALL BOARD MEMBER 1.0 0.0 X 0 0 0 ROBERT S KASPAR BOARD MEMBER 1.0 0.0 X 0 0 0 Sue Hodges Moore Interim VP for Business Affairs & Treasurer (Beg 03/25) 1.0 54.0 X 0 0 0 THOMAS B BRYAN BOARD MEMBER 1.0 0.0 X 0 0 0 TIMOTHY M ANDREWS BOARD MEMBER 1.0 0.0 X 0 0 0 BETH ALEXANDER ASSISTANT SECRETARY 51.0 0.0 X 109624 0 17288 STEPHEN WACHTMANN CFO, TREASURER 51.0 4.0 X 189133 0 32517 DAVID MARK HELMUS CHIEF ADVANCEMENT OFFICER 51.0 0.0 X 224189 0 29125 LOLA MAUER AVP FOR ALUMNI ENGAGEMENT 51.0 0.0 X 162243 0 23016 WILLIAM COOPER SR DIR DEVELOPMENT PRINCIPAL GIFTS 51.0 0.0 X 173417 0 26995 BRENDA DAVIS SR DIRECTOR OF DEVELOPMENT 51.0 0.0 X 105647 0 19543 CARMELLA HISE AVP FOR DEVELOPMENT 51.0 0.0 X 149128 0 15196 DONALD RAY ALLEN VP OF DEVELOPMENT 51.0 0.0 X 114687 0 6148 KELSEY KELLY AVP FOR DEVELOPMENT 51.0 0.0 X 124837 0 25789 MARY SERINE SR EXEC DIR OF ADVANCEMENT 51.0 0.0 X 114688 0 13687 1774749 909999 359712 13 false true false Goldman Sachs 71 Wacker Dr Suite 1200 Chicago IL 60606 Investment Advisor 780223 Agility 7979 E TUFTS AVENUE SUITE 700 DENVER CO 80237 INVESTMENT ADVISOR 609675 Forvis Mazars LLP 820 MASSACHUSETTS AVE SUITE 1370 INDIANAPOLIS IN 46204 ACCOUNTING SERVICES 106587 3 2579142 24450274 4253410 27029416 0 0 0 0 0 3090138 148419 2941719 0 0 44855940 44742510 113430 0 113430 113430 0 0 0 0 0 30232984 0 148419 3055149 25905836 25905836 1327885 793069 534816 124837 124837 4318261 2579049 1739212 558023 349440 208583 971535 608386 363149 399664 250274 149390 49500 28710 20790 105902 105902 65602 65602 1839468 1839468 0 0 0 0 430410 115331 315079 566239 8107 558132 68324 66329 1995 2116 648 1468 196810 131004 65806 15698 3128 12570 14111 14111 Donor Cultivation 376486 22785 353701 Commemorative Items 359813 334985 24828 Miscellaneous 32495 2825 29670 0 0 0 0 37729015 27745304 5538920 4444791 0 0 34082217 26622043 25491402 24129321 10706272 8786088 0 0 0 0 151505 251279 1386753 1159687 213568 227066 255059395 290192568 79924307 81326314 0 7965525 7223883 413594191 438758562 879401 1063506 3462703 3656957 0 0 8875000 8375000 3472635 2872914 16689739 15968377 X 41322905 60628552 355581547 362161633 396904452 422790185 413594191 438758562 X -7496031 33924768 -543004 X false true true false X 33335203 36222749 19855265 65701692 27029416 182144325 0 0 33335203 36222749 19855265 65701692 27029416 182144325 43129174 139015151 402074 618248 1034022 2221733 3090138 7366215 0 126378 120845 123990 1106 0 372319 189882859 0 0.73211 0.73868 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 126378.0, COLUMN B - 120845.0, COLUMN C - 123990.0, COLUMN D - 1106.0, COLUMN E - , COLUMN F - 372319.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 65602 65602 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY Expenses for hosting events related to lobbying efforts for the benefit of higher education. 258797422 5919943 13826878 3874951 349783 3916676 270402833 240937291 5906397 20754996 4396566 1213494 3191202 258797422 244087219 6632027 -6330458 3209350 242147 240937291 242459242 11775233 -6295862 3568653 282741 244087219 205878913 7150360 32708200 3278231 242459242 0.02 0.6 0.38 false false 99770 99770 181900 101250 80650 1105083 1058437 46646 227066 Closely-held equity interests Financial derivatives Hedge Funds 15129769 F Real Estate 12964008 F Natural Resources 242826 F Private Equity & Venture Cap. 52989711 F 81326314 Federal Income Taxes Annuity Obligations 2081929 Trust Obligations 790985 Operating Lease Liability University Payable 2872914 61775280 33924768 0 33924768 27850512 1839468 543004 2382472 30232984 35889547 0 0 35889547 1839468 0 1839468 37729015 Schedule D, Part X, Line 2 ASC 740 Disclosure MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part V, Line 4 Intended uses of endowment funds Endowment funds are managed in accordance with donor stipulations to serve as a perpetual source of funding for various purposes, such as scholarships and financial aid, faculty compensation and support, academic programs, research, technology, equipment and campus improvements, public service, athletics, recruitment, artwork, library materials, and other programs. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - 398190 CHANGE IN DONOR ALLOCATION - 144814 true Ball State University 2000 West University Ave Muncie IN 47306 356000221 115 4031430 Scholarships Ball State University 2000 West University Ave Muncie IN 47306 356000221 115 21874406 Programming Expenses 0 1 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds The Foundation was established to solicit and receive gifts and contributions for Ball State University's benefit. These funds are carefully managed and utilized to fulfill the specific purposes set by the donors. The amounts reported in Schedule I, Part I represent the financial support provided by the Foundation to Ball State University for these designated purposes. X X X true true X X X false false false false false false false false false JEAN KRAMER CROSBY PRESIDENT 307156 0 0 0 0 0 30107 0 3075 0 340338 0 0 0 GEOFFREY MEARNS EX-OFFICIO VICE CHAIR & PRES. 0 606100 0 0 0 0 0 62081 0 12345 0 680526 0 0 ALAN FINN VP OF FINANCE & TREASURER (End 02/25) 0 303899 0 0 0 0 0 32477 0 10323 0 346699 0 0 STEPHEN WACHTMANN CFO, TREASURER 189133 0 0 0 0 0 20936 0 11581 0 221650 0 0 0 WILLIAM COOPER SR DIR DEVELOPMENT PRINCIPAL GIFTS 173417 0 0 0 0 0 18918 0 8077 0 200412 0 0 0 DAVID MARK HELMUS CHIEF ADVANCEMENT OFFICER 224189 0 0 0 0 0 23945 0 5180 0 253314 0 0 0 LOLA MAUER AVP FOR ALUMNI ENGAGEMENT 162243 0 0 0 0 0 17554 0 5462 0 185259 0 0 0 CARMELLA HISE AVP FOR DEVELOPMENT 149128 0 0 0 0 0 15187 0 9 0 164324 0 0 0 KELSEY KELLY AVP FOR DEVELOPMENT 124837 0 0 0 0 0 14378 0 11411 0 150626 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel CHARTER TRAVEL IS A BENEFIT MADE AVAILABLE TO SELECT OFFICERS AND DIRECTORS WHEN THERE IS ROOM AVAILABLE ON THE CHARTER PLANE USED BY THE ATHLETIC DEPARTMENT. THIS USE IS ONLY FOR BUSINESS PURPOSES. Schedule J, Part I, Line 1a Travel for companions TRAVEL FOR COMPANIONS IS A BENEFIT MADE AVAILABLE TO SELECT OFFICERS AND DIRECTORS WHEN THERE IS ROOM AVAILABLE ON THE CHARTER PLANE USED BY THE ATHLETIC DEPARTMENT. THIS USE IS ONLY FOR BUSINESS PURPOSES. Schedule J, Part I, Line 1a Health or social club dues or initiation fees COUNTRY CLUB DUES WERE PROVIDED FOR SELECT OFFICERS AND DIRECTORS FOR BUSINESS USE. Kelsey Kelly Daughter of Don Dumoulin 124837 Payroll false 7 191001 Other - APPRAISAL 40 4050939 Other - STOCK QUOTE X EDUCATION ITEMS 4 6099 Cost X TRAVEL, PLANTS, CLOTHING 9 5371 Cost 2 false true false Schedule M, Part I Explanations of reporting method for number of contributions Art - Works of art - BALL STATE UNIVERSITY FOUNDATION REPORTS THE NUMBER OF CONTRIBUTORS IN COLUMN B. Securities - Publicly traded - BALL STATE UNIVERSITY FOUNDATION REPORTS THE NUMBER OF CONTRIBUTORS IN COLUMN B. Other - EDUCATION ITEMS BALL STATE UNIVERSITY FOUNDATION REPORTS THE NUMBER OF CONTRIBUTORS IN COLUMN B. Other - TRAVEL, PLANTS, CLOTHING BALL STATE UNIVERSITY FOUNDATION REPORTS THE NUMBER OF CONTRIBUTORS IN COLUMN B. Form 990, Part IV, Line 12b And Part XII, Line 2 THE AUDITED FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ON A CONSOLIDATED BASIS WITH CARDINAL FUNDS AND CARDINAL PROPERTIES, AND COMBINED WITH BALL STATE UNIVERSITY ALUMNI ASSOCIATION, INC. BALL STATE UNIVERSITY FOUNDATION HAS ESTABLISHED A COMMITTEE FOR THE OVERSIGHT OF THE AUDIT. Form 990, Part VI, Line 1b JEAN K. CROSBY IS A PAID EMPLOYEE OF BALL STATE UNIVERSITY FOUNDATION. GEOFFREY MEARNS AND ALAN FINN ARE PAID EMPLOYEES OF BALL STATE UNIVERSITY, A RELATED ORGANIZATION. DON DUMOULIN HAS A BUSINESS TRANSACTION INVOLVING INTERESTED PERSONS REPORTED ON SCHEDULE L. THESE FOUR INDIVIDUALS ARE CONSIDERED NON-INDEPENDENT. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 AND RELATED SCHEDULES ARE APPROPRIATELY REVIEWED BY THE AUDIT COMMITTEE AND AN INDEPENDENT ACCOUNTING FIRM. THE FORM 990 AND SCHEDULES ARE THEN PROVIDED TO THE FULL BOARD PRIOR TO SUBMISSION TO THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy AN ANNUAL QUESTIONNAIRE IS REQUIRED TO BE COMPLETED BY EVERY OFFICER, DIRECTOR AND KEY EMPLOYEE. THE QUESTIONNAIRE REQUIRES ALL INTERESTED PERSONS TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. UPON DISCLOSURE OF AN INTEREST, THE BOARD DISCUSSES THE POTENTIAL CONFLICT WITHOUT THE INTERESTED PERSON PRESENT TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. THE BOARD THEN DETERMINES THE APPROPRIATE ACTION AFTER ANALYZING THE CONFLICT, INCLUDING RECUSAL FROM DISCUSSIONS RELATING TO THE CONFLICT. Form 990, Part VI, Line 15a Process to establish compensation of top management official AN ANNUAL REVIEW IS PERFORMED FOR THE PRESIDENT. THIS REVIEW ANALYZES COMPENSATION AS WELL AS GOALS AND OBJECTIVES SET FORTH AND ACCOMPLISHED. A COMPARABILITY STUDY IS PERFORMED WITH INFORMATION FROM FORM 990S OF SIMILAR ORGANIZATIONS. THE INFORMATION COLLECTED IS REVIEWED BY THE BALL STATE UNIVERSITY PRESIDENT. Form 990, Part VI, Line 19 Required documents available to the public BALL STATE UNIVERSITY FOUNDATION MAKES GOVERNING DOCUMENTS, FORM 990, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Value of Split Interest Agreements - -398190; Change in Donor Allocation - -144814; Total - -543004; Ball State University 2000 W University Muncie IN 47304 356000221 Education IN NA false Cardinal Funds 2800 West Bethel Avenue Muncie IN 47304 205733080 Investments IN 501(c)(3) 7 BS Univ Fdn true Cardinal Properties 2800 West Bethel Avenue Muncie IN 47304 201872207 Real Estate IN 501(c)(3) Type I BS Univ Fdn true Ball State University Alumni Association 2000 W University Muncie IN 47304 270458828 Alumni Spt IN 501(c)(3) 5 NA false Charitable Remainder Trusts (5) Charitable Tr IN NA Trust false true true false false false false false false false true false false true true false false true true Ball State University C 2410000 FMV Cardinal Funds C 169142 FMV