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Indiana Basketball Hall of Fame Foundation Inc

EIN 35-6054160 · New Castle, IN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceFair62 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE INDIANA BASKETBALL HALL OF FAME AND TO PRESERVE FOR FUTURE GENERATIONS THE HISTORY OF INDIANA HIGH SCHOOL BASKETBALL.

Income
$1.5 million
Spending
$985,012
Spent on programs
74%
Reserves
29.5 months of spending
Largest source of income
investment income, 66%
Employees
10
Volunteers
0
Highest pay
$101,000, executive director

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 89% of charities in its peer group (arts and culture, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 29.5 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 36% of income.

  • Income trend

    15 of 15

    Income rose 34% on the year before.

  • Spending floor

    15 of 15

    74% of spending went to programs and raising each dollar of donations cost 21 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 62 out of 100. Higher than 14% of charities in its peer group (arts and culture, $1m to $10m).

  • Independent board

    25 of 25

    27 of 27 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $90,273 spent. HALL OF FAME BANQUET-THE ANNUAL MEN'S AND WOMEN'S AWARDS BANQUET IS A CELEBRATION OF OUR STATE'S BASKETBALL HERITAGE, AND A REUNION OF ITS GREATEST STARS. EACH YEAR THE PROGRAM HONORS THE NEWEST INDUCTEES,INCLUDING THE SILVER MEDAL RECIPIENT, AND BRINGS TOGETHER A SILVER ANNIVERSARY TEAM OF THE BEST GRADUATING HIGH SCHOOL SENIORS FROM 25 YEARS AGO. THE STATE CHAMPIONSHIP TEAMS OF 25, 50, AND 100 YEARS AGO ARE RECOGNIZED AND OUTSTANDING OFFICIALS ARE RECOGNIZED AS RECIPIENTS OF THE CENTER CIRCLE OFFICIALS AWARD.
  2. $25,707 spent. HALL OF FAME BASKETBALL TOURNAMENT-SELECTING FROM THE BEST INDIANA HAS TO OFFER, THE HALL OF FAME CLASSIC TOURNAMENT IS THE MOST PRESTIGIOUS IN-SEASON TOURNAMENT IN THE STATE AND HAS INCLUDED THE BEST TEAMS, PLAYERS, COACHES, AND FANS OF INDIANA HIGH SCHOOL BOYS AND GIRLS BASKETBALL.
  3. $615,288 spent. MUSEUM-A 14,000 SQUARE FOOT MUSEUM FEATURES NOT ONLY THE MEN, WOMEN, AND TEAMS THAT HAVE BROUGHT RECOGNITION TO THEMSELVES, THEIR COMMUNITIES AND SCHOOLS, BUT A NUMBER OF INTERACTIVE EXHIBITS THAT WILL BRING YOU CLOSER TO THE ACTION OF INDIANA HIGH SCHOOL BASKETBALL!

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 1965.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

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