Cardinal Properties
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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.6M
-0.4% YoY
Revenue
$492K
-32.7% YoY
Net Investment Income
$-44,258
-11136.9% YoY
Expenses
$706K
-27.4% YoY
About Cardinal Properties
Based on IRS filings
Cardinal Properties is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in MUNCIE, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.6M in total assets.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,573,170 | $6,596,729 | $6,897,928 |
| Revenue | $492,197 | $731,471 | $343,385 |
| Expenses | $706,361 | $972,517 | $1,188,141 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $-44,258 | $401 | $-254,314 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kenneth R Briner | Board Vice President | 1 | — |
| Randall E Pond | Board President | 1 | — |
| Stephen J Wachtmann | Board Secretary/Treasurer | 4 | — |
| Alan T Finn | Board Member | 1 | — |
| Donald Ray Allen | BOARD MEMBER (END 3/24) | 2 | — |
| Geoffrey S Mearns | Board Member | 1 | — |
| Gregory Zimmerman | Board Member | 1 | — |
| Jean Kramer Crosby | Board Member | 4 | — |
| Michael Ray | Ex Officio Board Member | 1 | — |
| Sundesh Shah | Board Member | 1 | — |
| William P Cooper | BOARD MEMBER (BEG 3/24) | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Cardinal Properties?
Cardinal Properties is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in MUNCIE, IN. It holds $6.6M in total assets as of 2024.
How large is Cardinal Properties?
As of 2024, Cardinal Properties holds $6.6M in total assets with $492K in annual revenue.
Where does Cardinal Properties operate?
Cardinal Properties has awarded grants in Indiana.
What is Cardinal Properties's EIN?
Cardinal Properties's EIN (Employer Identification Number) is 20-1872207. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Cardinal Properties's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.