2024-03-30T17:09:31-05:00 2023-06-30 FORVIS LLP 201 N Illinois Street Indianapolis IN 46204 990 2022-07-01 201872207 Cardinal Properties % BALL STATE UNIVERSITY FDN CARD 7652858312 2800 W BETHEL AVENUE MUNCIE IN 47304 STEPHEN WACHTMANN SECRETARY/TREASURER 7652858312 2024-05-15 true STEPHEN WACHTMANN 999009999 NICOLE B FISHBACK P01279475 3173834000 2024-05-15 3 2022 2023-04-26 12:10:37Z RANDALL POND PRESIDENT 2800 W BETHEL AVENUE MUNCIE IN 47304 913413 false X N/A X 2003 IN CARDINAL PROPERTIES, INC. ACCEPTS AND MANAGES REAL ESTATE, INTERESTS IN REAL ESTATE, AND TANGIBLE AND INTANGIBLE PERSONAL PROPERTY FOR THE BENEFIT OF BSU FOUNDATION. 11 6 0 6 0 0 0 179500 477129 323554 -254314 401 120570 228016 343385 731471 0 169359 0 0 0 0 0 0 0 1188141 803158 1188141 972517 -844756 -241046 6897928 6596729 10132412 10072259 -3234484 -3475530 CARDINAL PROPERTIES, INC. RECEIVES, HOLDS, MANAGES, AND DISPOSES OF REAL ESTATE, INTERESTS IN REAL ESTATE (INCLUDING CONSERVATION EASEMENTS), AND TANGIBLE AND INTANGIBLE PERSONAL PROPERTY FOR THE BENEFIT OF BALL STATE UNIVERSITY FOUNDATION. false false 965132 169359 535394 HOLDING AND MANAGING REAL ESTATE PROPERTIES THROUGHOUT THE YEAR USED FOR STUDENT HOUSING BY BALL STATE UNIVERSITY, AS WELL AS HOLDING AND MANAGING OTHER PROPERTIES AND REAL ESTATE ACTIVITIES OF BALL STATE UNIVERSITY FOUNDATION. 965132 true true false false false false false false false false true false 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 false false false true false false false true 3 0 true 0 false false false false false false true 1 false false false false false X 11 6 false true false false true false false true true false false true true true true true true false false false IN X X BALL STATE UNIVERSITY FDN 7652858312 2800 W BETHEL AVENUE MUNCIE IN 47304 GEOFFREY S MEARNS BOARD MEMBER 1.0 54.0 X 0 514908 58184 ALAN T FINN BOARD MEMBER 1.0 54.0 X 0 281674 30322 JEAN KRAMER CROSBY BOARD MEMBER 2.0 53.0 X 0 255420 30811 DONALD RAY ALLEN BOARD MEMBER 2.0 53.0 X 0 201383 20893 STEPHEN J WACHTMANN SECRETARY/TREASURER 2.0 53.0 X X 0 152337 27410 RANDALL E POND PRESIDENT 1.0 2.0 X X 0 0 0 KENNETH R BRINER VICE PRESIDENT 1.0 1.0 X X 0 0 0 SUNDESH SHAH BOARD MEMBER 1.0 0.0 X 0 0 0 CHARLES V SURSA BOARD MEMBER 1.0 0.0 X 0 0 0 GREGORY E ZIMMERMAN BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL RAY EX OFFICIO 1.0 2.0 X 0 0 0 0 1405722 167620 0 false true false 0 179500 179500 179500 STUDENT HOUSING RENTAL 531110 323554 323554 323554 0 0 0 26328 10152 16176 0 16176 16176 172191 171790 401 401 401 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 26236 26236 INSURANCE PROCEEDS 900099 185604 185604 211840 731471 535394 16577 169359 169359 0 0 0 0 0 0 0 0 0 354827 354827 2591 2591 3220 3220 0 0 0 1574 1574 2000 2000 0 0 0 80319 80319 0 0 0 36182 36182 0 120361 120361 127975 127975 REAL ESTATE TAX 61328 61328 SELLING EXPENSE 938 938 OTHER EXPENSE 11843 11843 972517 965132 7385 0 608169 65741 0 0 0 0 3410 0 0 0 0 0 0 0 0 0 0 0 7506126 975138 6286349 6530988 0 0 0 0 0 0 0 0 0 0 6897928 6596729 72371 210374 0 0 0 0 0 0 0 0 0 0 600000 400000 0 0 9460041 9461885 10132412 10072259 X -3200472 -3441518 -34012 -34012 -3234484 -3475530 6897928 6596729 -241046 X false true X true false X X 1 BALL STATE UNIVERSITY FOUNDATION INC 356024566 5 true 169359 0 1 169359 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3847166 3847166 3658960 975138 2683822 6530988 0 PAYABLE TO BALL STATE UNIV FDN 9461885 9461885 741623 10152 10152 731471 731471 982669 10152 10152 972517 972517 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 XI, LINE 2D RECONCILIATION OF REVENUE: RENTAL EXPENSES 10,152 SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENSES: RENTAL EXPENSES 10,152 true BALL STATE UNIVERSITY FOUNDATION 2800 W BETHEL AVE MUNCIE IN 47304 356024566 501(C)(3) 169359 SEE PART IV 1 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE US: PER THE AGREEMENT WITH BALL STATE UNIVERSITY FOUNDATION, WHEN NON-CASH CONTRIBUTIONS ARE RECEIVED AND LIQUIDATED, THE PROCEEDS NET OF ANY EXPENSES ARE REMITTED TO BALL STATE UNIVERSITY FOUNDATION. RECORDS ARE MAINTAINED TO SUBSTANTIATE THE CONTRIBUTION INCOME, EXPENSES INCURRED, AND PROCEEDS RECEIVED FROM LIQUIDATION. false false false false false false false false false STEPHEN J WACHTMANN SECRETARY/TREASURER 0 152337 0 0 0 0 0 16955 0 10455 0 179747 DONALD RAY ALLEN BOARD MEMBER 0 199883 0 1500 0 0 0 10450 0 10443 0 222276 JEAN KRAMER CROSBY BOARD MEMBER 0 255420 0 0 0 0 0 26628 0 4183 0 286231 ALAN T FINN BOARD MEMBER 0 281674 0 0 0 0 0 19881 0 10441 0 311996 GEOFFREY S MEARNS BOARD MEMBER 0 504585 0 7500 0 2823 0 53507 0 4677 0 573092 SCHEDULE J, PART I PROCESS TO REVIEW COMPENSATION: CARDINAL PROPERTIES DOES NOT HAVE EMPLOYEES. PER THE ADMINISTRATIVE AGREEMENT WITH BALL STATE UNIVERSITY FOUNDATION, CARDINAL PROPERTIES IS PROVIDED EMPLOYEES FROM BALL STATE UNIVERSITY FOUNDATION. X 1 179500 FMV 1 false true true SCHEDULE M, PART I, COLUMN B NUMBER OF CONTRIBUTORS: CARDINAL PROPERTIES REPORTS THE NUMBER OF CONTRIBUTORS IN COLUMN B. SCHEDULE M, PART I, LINE 32A USE OF THIRD PARTIES: REAL ESTATE AGENTS ARE CONSULTED WHEN GIFTS OF PROPERTY ARE RECEIVED. FORM 990, PART IV, QUESTION 12 & PART XII, QUESTION 2 THE AUDITED FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ON A CONSOLIDATED BASIS WITH BALL STATE UNIVERSITY FOUNDATION, CARDINAL FUNDS, AND BALL STATE ALUMNI ASSOCIATION, INC. BALL STATE UNIVERSITY FOUNDATION HAS ESTABLISHED A COMMITTEE FOR THE OVERSIGHT OF THE AUDIT. FORM 990, PART VI, QUESTION 1B AS OF 6/30/2023, JEAN KRAMBER CROSBY, STEPHEN WACHTMANN, AND DONALD RAY ALLEN ARE PAID EMPLOYEES OF BALL STATE UNIVERSITY FOUNDATION, A RELATED ORGANIZATION. GEOFFREY MEARNS AND ALAN FINN ARE PAID EMPLOYEES OF BALL STATE UNIVERSITY, A RELATED ORGANIZATION. FORM 990, PART VI, QUESTION 3 DELEGATE CONTROL OVER MANAGEMENT DUTIES: CARDINAL PROPERTIES HAS REQUESTED THAT BALL STATE UNIVERSITY FOUNDATION, A RELATED ENTITY, PROVIDE CARDINAL PROPERTIES WITH CERTAIN ADMINISTRATIVE SERVICES IN ORDER TO KEEP CARDINAL PROPERTIES' ADMINISTRATIVE COSTS TO A MINIMUM. THE PROVISION OF SUCH SERVICES IN ORDER TO ALLOW CARDINAL PROPERTIES TO PURSUE ITS CHARITABLE PURPOSES IS IN FURTHERANCE OF THE CHARITABLE PURPOSES OF BALL STATE UNIVERSITY FOUNDATION. ADMINISTRATIVE SERVICES PROVIDED BY BALL STATE UNIVERSITY FOUNDATION INCLUDE: FUND ACCOUNTING AND AUDITING, ADMINISTRATIVE SUPPORT, CLERICAL SUPPORT, PAYROLL TAXES AND EMPLOYEE BENEFIT SUPPORT, OFFICE SUPPLIES AND EQUIPMENT USE, AND OFFICE SPACE. ALL OF THE PROPERTIES OWNED BY CARDINAL PROPERTIES ARE CONTRACTED TO AN OUTSIDE FIRM TO MANAGE, NETWORK PROPERTY SERVICES. FORM 990, PART VI, QUESTION 6 MEMBERS OR STOCKHOLDERS: BALL STATE UNIVERSITY FOUNDATION IS THE SOLE MEMBER. FORM 990, PART VI, LINE 11B PROCESS TO REVIEW THE FORM 990: 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 PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INT. POLICY: AN ANNUAL QUESTIONNAIRE IS REQUIRED TO BE COMPLETED BY ALL BOARD MEMBERS. THE QUESTIONNAIRE REQUIRES ALL INTERESTED PERSONS TO DISCLOSE PERSONAL 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, LINES 15A & 15B PROCESS TO REVIEW COMPENSATION: CARDINAL PROPERTIES DOES NOT HAVE EMPLOYEES. PER THE ADMINISTRATIVE AGREEMENT WITH BALL STATE UNIVERSITY FOUNDATION, CARDINAL PROPERTIES IS PROVIDED EMPLOYEES FROM BALL STATE UNIVERSITY FOUNDATION. FORM 990, PART VI, LINE 19 GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC: CARDINAL PROPERTIES MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. BALL STATE UNIVERISTY FOUNDATION 2800 W BETHEL AVENUE MUNCIE IN 47304 356024566 SUPPORT IN 501(C)(3) 5 NA false CARDINAL FUNDS 2800 W BETHEL AVENUE MUNCIE IN 47304 201872207 INVESTMENTS IN 501(C)(3) 7 BS UNIV FDN false BALL STATE UNIVERSITY 2000 W UNIVERSITY AVENUE MUNCIE IN 47306 356000221 EDUCATION IN 115 NA false BALL STATE UNIVERSITY ALUMNI ASSOCIATION 2800 W BETHEL AVENUE MUNCIE IN 47304 270458828 ALUMNI SPT IN 501(C)(3) 5 NA false false true false false false false false false false false false false false true true false false false false