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.
Executive compensation
Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations in Indiana.
| Position | Total |
|---|---|
Board Member Median to 75th percentile | $32k $36k |
Secretary/treasurer Officer (Unspecified) | $29k $32k |
Board Member (end 3/24) Board Member Median to 75th percentile | $22k $25k |
Board Member (beg 3/24) Board Member 25th percentile to median | $17k $18k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 4 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at Cardinal Funds Inc equaled 25% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 5%
from 2022
From $31k in 2022 to $32k in 2023.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Board Member pay rose 5% from 2022 to 2023, while revenue rose 1747%.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about Cardinal Funds Inc
What does the Board Member of Cardinal Funds Inc earn?
In 2023, the Board Member of Cardinal Funds Inc received $32,308 in total compensation. This pay is above the median (the midpoint) for Board Member roles among Education organizations in Indiana, within the top half of comparable filings. Based on IRS Form 990 data.
How does Board Member pay at Cardinal Funds Inc compare with similar nonprofits?
Compared with the same role at Education organizations in Indiana, the 2023 pay of the Board Member at Cardinal Funds Inc falls between the median and the 75th percentile. In 2023, the highest total compensation at Cardinal Funds Inc equaled 25% of the organization's total expenses. The median for education organizations is 7%.
What are Cardinal Funds Inc's revenue and expenses?
In 2023, Cardinal Funds Inc reported $477k in total revenue and $128k in total expenses on its IRS Form 990.
Compare any role, sector, or revenue band
Build your own benchmark from millions of reported positions.
Learn More About Nonprofit Compensation
Guides to help you understand and use this data
How to Look Up Nonprofit Salaries
Two approaches to finding executive compensation at any tax-exempt organization, from raw IRS filings to searchable databases.
Read moreAre Nonprofit Salaries Public?
What IRS Form 990 discloses about executive compensation, who has to report it, and how to look it up.
Read moreHow to Benchmark Nonprofit Executive Compensation
A step-by-step approach to using IRS Form 990 data for compensation benchmarking and peer comparison.
Read more