2026-02-25T10:10:34-07:00 2025-06-30 990 2024-07-01 237042320 UNIVERSITY OF SOUTHERN INDIANA FOUNDATION INC UNIV 8124651627 8600 University Boulevard Evansville IN 47712 John Bertram Foundation Fiscal Officer 8124641849 2026-02-25 1 2024 2025-03-06 01:10:19Z Andrea R Gentry 8600 University Boulevard Evansville IN 47712 36506873 0 X www.usi.edu X 1969 IN The USI Foundation's mission is to attract, acquire, and manage donors' charitable gifts to support and sustain the goals of the University of Southern Indiana. 72 65 0 741 0 0 6452486 14264657 0 0 4723317 9401528 116429 83498 11292232 23749683 7244693 5646155 0 0 0 0 0 0 86524 1296572 1300532 8541265 6946687 2750967 16802996 204992494 235641955 3641648 2387806 201350846 233254149 The USI Foundation's mission is to attract, acquire, and manage donors' charitable gifts to support and sustain the goals of the University of Southern Indiana. 0 0 3572537 3572223 0 The USI Foundation provides scholarships and awards to students enrolled at the University of Southern Indiana. Approximately 2,300 scholarships and awards were provided to students during the current fiscal year. 1054240 1019001 0 The USI Foundation provides other various support to the University of Southern Indiana including support for the Alumni Association, Athletics, Historic New Harmony, and other various initiatives. 924436 923383 0 The USI Foundation provides educational and academic enhancements directly to the University of Southern Indiana. This includes faculty enhancement initiatives, faculty research award stipends, and direct funding for academic departments. 131548 131548 0 The USI Foundation provides support for community outreach initiatives and artwork acquisitions of the University of Southern Indiana. 131548 131548 0 5682761 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 13 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 72 65 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 IN X John M Bertram 8124651627 8600 University Boulevard Evansville IN 47712 Ronald S Rochon Director/Admin Advisor 2 35.5 X X 0 384514 30877 Steven J Bridges Director/Assistant Treasurer 2 35.5 X X 0 263298 43486 Shelly B Blunt Director 2 35.5 X 0 233650 47396 Sudesh N Mujumdar Director 2 35.5 X 0 190475 25674 Kindra L Strupp Director 2 35.5 X 0 171621 36173 Andrea R Gentry President 18.75 18.75 X 0 132447 27064 Sliva Rode Director 2 35.5 X 0 105820 18720 Bruce H Baker Life Director 2 0 X 0 0 0 Carol A Baker Life Director 2 0 X 0 0 0 Joey V Barnett Director 2 0 X 0 0 0 Amy L Beard Director 2 0 X 0 0 0 James W Beck Director 2 0 X 0 0 0 Jeffrey A Berger Director 2 0 X 0 0 0 Ronald J Boren Director 2 0 X 0 0 0 Bix Branson Life Director 2 0 X 0 0 0 Mark D Browning Director 2 0 X 0 0 0 Stephanie S Buchanan Director 2 0 X 0 0 0 Marie A Bussing Life Director 2 0 X 0 0 0 Don R Chaudoin Life Director 2 0 X 0 0 0 Steven W Craven Director 2.00 0.00 X 0 0 0 Joyce E Donaldson Director 2 0 X 0 0 0 John M Dunn Life Director 2 0 X 0 0 0 Kevin M Eastridge Life Director 2 0 X 0 0 0 Daniel M Fuquay Life Director 2 0 X 0 0 0 Geoffrey A Gentil Director 2 0 X 0 0 0 Robert L Goocher Life Director 2 0 X 0 0 0 Randall L Haaff Director 2 0 X 0 0 0 Jingle Igleheart Hagey Director 2 0 X 0 0 0 Fouad L Hamami Director 2 0 X 0 0 0 Kevin L Hammet Director 2 0 X 0 0 0 David W Herrenbruck Life Director 2 0 X 0 0 0 Chad Horrell Director 2 0 X 0 0 0 D Keith Jewell Director 2 0 X 0 0 0 Christine H Keck Director 2 0 X 0 0 0 Melissa Khan Director 2 0 X 0 0 0 Anne Kiboi Director 2 0 X 0 0 0 M Andy Lannert Director 2 0 X 0 0 0 Rileigh M Lear Director 2 0 X 0 0 0 Frank F McDonald II Life Director 2 0 X 0 0 0 James R McKinney Life Director 2 0 X 0 0 0 Chris D Melton Life Director 2 0 X 0 0 0 Mark E Neidig Life Director 2 0 X 0 0 0 Susan E Parsons Director 2 0 X 0 0 0 Jack D Pate Director 2 0 X 0 0 0 Melanie N Rasche Director 2 0 X 0 0 0 Matthew Reffett Director 2 0 X 0 0 0 Robert L Reid Director 2 0 X 0 0 0 David K Robinson Director 2 0 X 0 0 0 Michael F Roeder Director 2 0 X 0 0 0 Ronald D Romain Life Director 2 0 X 0 0 0 Chris M Ryan Director 2 0 X 0 0 0 Jim Sandgren Director 2 0 X 0 0 0 D Scott Saxe Director 2 0 X 0 0 0 Jaimie Sheth Director 2 0 X 0 0 0 Alan N Shovers Life Director 2 0 X 0 0 0 Sherrianne M Standley Life Director 2 0 X 0 0 0 Judith M Steenberg Life Director 2 0 X 0 0 0 Ronald W Steinhart Director 2 0 X 0 0 0 Trudy J Stock Director 2 0 X 0 0 0 Robert W Swan Life Director 2 0 X 0 0 0 Celeste Drew Tabor Director 2 0 X 0 0 0 Kathleen E Talley Director 2 0 X 0 0 0 Karen S Walker Director 2 0 X 0 0 0 Jeffrey L Wilmes Director 2 0 X 0 0 0 Donita F Wolf Director 2 0 X 0 0 0 Terry Alvey Director/Secretary 2 0 X X 0 0 0 Jean M Blanton Director/Chair 2 0 X X 0 0 0 Neal A Franklin Director/Vice Chair for Planning 2 0 X X 0 0 0 Shiela L Huff-Jackson Director/Chair Elect 2 0 X X 0 0 0 C Wayne Kinney Director/Vice Chair for Development 2 0 X X 0 0 0 Ashley K Riordan-Elpers Director, Vice President for Alumni 2 0 X X 0 0 0 John L Schutz Director/Treasurer 2 0 X X 0 0 0 0 1481825 229390 0 0 1 0 University of Southern Indiana 8600 University Blvd Evansville IN 47712 Acct & Advanc 636300 Mariner Institutional LLC 531 W Morse Blvd Ste 200 Winter Park FL 327894382 Consulting Services 112141 2 0 0 42654 0 204193 14017810 287304 14264657 0 4372646 4372646 0 0 0 0 0 0 8000 8000 0 0 93476 0 97160 0 -3684 0 -3684 -3684 0 0 17607483 0 12578601 0 5028882 0 5028882 5028882 0 0 92981 0 81429 11552 0 11552 0 0 0 0 0 0 0 0 0 0 0 0 License Plate Revenue 900099 34875 34875 0 0 Premiums Income 900099 18080 18080 0 0 Reimbursements 900099 9064 9064 0 0 5611 5611 0 0 67630 23749683 9473474 0 11552 5646155 5646155 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14059 0 14059 0 62269 0 62269 0 0 0 0 0 0 0 290204 0 290204 0 121544 315 121229 0 30780 1329 0 29451 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7831 0 7831 0 0 0 0 0 0 0 0 0 2387 0 2387 0 5631 1374 4257 0 Administrative Service to USI 652200 0 652200 0 Donor Recognition/Relations/Cultivation 50667 0 0 50667 University Relations 10464 10464 0 0 Special Events 22756 22756 0 0 29740 368 22966 6406 6946687 5682761 1177402 86524 X 0 0 1373184 1401451 5265993 14204169 192284 167687 0 0 0 0 0 0 0 0 1245 1114 3787803 747559 3044648 3040244 186777925 207600177 7784456 8661888 0 0 0 0 552759 565225 204992494 235641955 59291 61457 0 0 4324 2367 0 0 0 0 0 0 0 0 0 0 3578033 2323982 3641648 2387806 X 22172540 24468106 179178306 208786043 201350846 233254149 204992494 235641955 X 16802996 14446453 0 0 0 653854 X 0 1 X 1 0 X 6335955 5979327 2645058 6216407 14060464 35237211 0 0 0 0 0 0 0 0 0 0 0 0 6335955 5979327 2645058 6216407 14060464 35237211 15612886 19624325 2126225 2427905 3174647 3750280 4082442 15561499 0 0 0 0 0 0 105874 62796 105873 73601 67630 415774 51214484 863795 0.38318 0.52281 X Schedule A, Part II, Line 10 Income derived from license plate revenue, reimbursements, premiums income, and other miscellaneous income. License Plate Revenue $34,875; Reimbursements $9,064; Premiums Income $18,080; and all other revenue $5,611. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 160211786 7204505 21331775 5446216 16366 0 183285484 140274067 2916167 22195257 4880586 293119 0 160211786 127727513 905382 15670695 4421208 -391685 0 140274067 155208079 2551909 -26044803 3994143 -6471 0 127727513 113770831 2924301 41573007 3773463 -713403 0 155208079 0.289 0.711 0 0 0 2480215 281298 2761513 0 929136 700220 228916 0 0 0 0 0 44657 12653 32004 39767 12730 34686 17811 3040244 0 Deposits 4720 Payable to Related Party 1823232 Annuities Payable 496030 2323982 38653265 14446453 0 0 665904 15112357 23540908 290204 -81429 208775 23749683 6749962 0 0 0 93479 93479 6656483 290204 0 290204 6946687 Schedule D, Part V, Line 4 The intended use of the endowment funds is to provide scholarships, educational and academic enhancements, and other support to the University of Southern Indiana's students, faculty, and academic programs. Schedule D, Part XI, Line 2d Change in Split Interest Agreements -$10,583; Change in Fair Value of Perpetual Trusts and Community Foundation $662,626; and Gain on Cash Value of Life Insurance $13,861. Schedule D, Part XI, Line 4b Revenue amount included on return - Other Special Event Revenue $-81,429. Schedule D, Part XII, Line 2d Expense amounts included in financials - Other Special Event Expenses $81,429 and Uncollectible Pledge Loss $12,050. Varsity Club Fall Fest 69939 0 69939 0 0 946 44264 0 5693 VC Golf Scramble 31730 21415 10315 0 0 6049 0 0 8330 3 30466 17739 12727 0 0 4548 6145 0 5454 132135 39154 92981 0 0 11543 50409 0 19477 81429 11552 Schedule G, Part II, Line 7 (a) Event #1 - Food and beverages purchased for the Varsity Club Fall Fest are sold to the public at this annual fundraiser. 1 University of Southern Indiana 8600 University Blvd Evansville IN 47712 351308176 5646155 0 The USI Foundation provides support to the University of Southern Indiana for Scholarships, Educational and Academic Enhancements, Athletics, Other University Support, Artwork Acquisitions, and Community Outreach Programs. 1 0 Schedule I, Part I, Line 2 Support is provided to the University of Southern Indiana after expenses are incurred and substantiated by the University. 0 0 0 0 0 0 0 0 0 Ronald S Rochon Director/Admin Advisor 0 384514 0 0 0 0 0 19835 0 11042 0 415391 0 0 Steven J Bridges Director/Assistant Treasurer 0 263298 0 0 0 0 0 28467 0 15019 0 306784 0 0 Shelly B Blunt Director 0 233650 0 0 0 0 0 25886 0 21510 0 281046 0 0 Sudesh N Mujumdar Director 0 190475 0 0 0 0 0 18748 0 6926 0 216149 0 0 Kindra L Strupp Director 0 171621 0 0 0 0 0 18207 0 17966 0 207794 0 0 Andrea R Gentry President 0 132447 0 0 0 0 0 14761 0 12303 0 159511 0 0 X 5 0 Fair Value X 0 Fair Value X 0 Fair Value X 11 287304 Fair Value X 1 0 Fair Value X Tickets & Gift Certificates 13 0 Fair Value X Trees & Shrubs 2 0 Fair Value X Award Ribbons 1 0 Fair Value 0 0 1 1 Schedule M, Part I, Line 32b For certain special events, a professional auctioneer is hired to auction off the non-cash items received in connection with the event and the fundraising efforts. Also, the USI Foundation uses Old National Bank to liquidate gifts of securities. Schedule M, Part I, Line 33 Items which were not assigned any revenue in Column C are those items received in conjunction with a fundraising event. These items are auctioned off with no inventory kept on hand. Form 990, Part VI, Section A, Line 2 Bruce H. Baker, Life Director is the husband of Carol A. Baker, Life Director and the following have a business relationship through their employment at the University of Southern Indiana: Shelly B. Blunt, Director; Steven J. Bridges, Director/Assistant Treasurer; Andrea R. Gentry, President; Sudesh N. Mujumdar, Director; Ronald S. Rochon, Director/Admin Advisor; Silvia A. Rode, Director; and Kindra L. Strupp, Director. Form 990, Part VI, Section B, Line 11b Form 990, as ultimately filed with the Internal Revenue Service (IRS), is presented to the Audit Committee of the University of Southern Indiana (USI) Foundation Board of Directors for review and approval before filing with the IRS. This action is in accordance with the audit committee's duty to act on behalf of the USI Foundation Board of Directors in regard to the annual review and approval of the Form 990. The Audit Committee reports this action to the USI Foundation Board of Directors and copies of the Form 990 are made available to the board members. To respect donor anonymity, the names and addresses of donors are redacted on copies of Form 990 made available to board members. Form 990, Part VI, Section B, Line 12c Enforcement of the conflicts policy on an annual basis - Each board of director member and key staff of the University of Southern Indiana, a related organization, is required to complete the Conflict of Interest Statement with the USI Foundation. The President of the USI Foundation and her staff monitor the completion of the process. Compliance and conflicts of interest are reviewed by the Foundation's Audit Committee. Form 990, Part VI, Section B, Line 15 The USI Foundation has no employees. Form 990, Part VI, Section C, Line 19 The governing documents, conflict of interest policy, and financial statements are made available on the Foundation's website at www.usi.edu. Form 990 is also available on the GuideStar website. Form 990, Part X, Line 2 Cash balances in savings accounts, checking accounts, and certificates of deposit are reported under Savings and temporary cash investments. Form 990, Part XI, Line 9 Change in Split Interest Agreements -$10,583; Change in fair value of perpetual trusts and Community Foundation $662,626; Gain on CSV Life Insurance 13,861; Special Event Revenue $81,429; Special Event Expenses -$81,429; and Uncollectible Pledge Loss -$12,050. Southern Indiana Higher Education 8600 University Blvd Evansville IN 47712 262893466 Real Estate IN 62857 3468640 USI Foundation University of Southern Indiana 8600 University Blvd Evansville IN 47712 351308176 Higher Education IN N/A 0 0 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0