Public Charity

Cardinal Funds Inc

Cardinal Funds Inc, of Muncie, IN, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $477K in revenue, $128K in expenses, $2.8M in total assets. IRS filings disclose 8 grants awarded by this foundation, totaling roughly $883K.

EIN: 205733080 Muncie, IN Latest filing: 2024
Total Revenue$477K
Total Expenses$128K
Total Assets$2.8M
Grants Given8
Grant Total$883K
Filing Years2020–2024

Mission

THE MISSION OF CARDINAL FUNDS INC IS TO HOLD BALL STATE UNIVERSITY FOUNDATION SCHOLARSHIP FUNDS FOR CURRENT STUDENTS OR GRADUATES OF THE UNIVERSITY, INDIANA ACADEMY AND BURRIS LABORATORY SCHOOL AS WELL AS FUNDS FOR THE BENEFIT OF OTHER QUALIFIED EXEMPT ORGANIZATIONS THAT SERVE UNIVERSITY STUDENTS, ALUMNI, FACULTY AND STAFF.

Sample Grants Given

BALL STATE UNIVERSITY
MUNCIE, IN · 2023
SCHOLARSHIP FUNDING
$108,167
BALL STATE UNIVERSITY
MUNCIE, IN · 2022
SCHOLARSHIP FUNDING
$137,959
BALL STATE UNIVERSITY
MUNCIE, IN · 2021
SCHOLARSHIP FUNDING
$94,076
BALL STATE UNIVERSITY
MUNCIE, IN · 2020
SCHOLARSHIP FUNDING
$99,905
BALL STATE UNIVERSITY
MUNCIE, IN · 2019
SCHOLARSHIP FUNDING
$114,105

Showing up to 5 of 8 total records — full history available with membership.

Officers & Directors

Board Member David Heeter
Board Member (End 3/24) Donald Ray Allen
Board Member Jean Kramer Crosby
Board Member Marla K Templeton
Chair Michael C Ray
Vice Chair Patrick J Alderdice

Officer compensation and complete director data available with membership.

Top Grant Purposes

SCHOLARSHIP FUNDING
$882,944 8 grants

Financial Trends

Year Revenue Expenses Assets
2024 $477K $128K $2.8M
2023 $26K $145K $2.5M
2022 $87K $124K $2.6M
2021 $674K $121K $2.6M
2020 $157K $347K $2.3M

Between 2020 and 2024, reported annual revenue grew from $157K to $477K (+204%), with total assets most recently reported at $2.8M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in IN.

IN

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for Cardinal Funds Inc

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