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Filing year 2023

Cardinal Properties

Muncie, Indiana·EIN 20-1872207·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$492k
Total assets
$6.6M
Total expenses
$706k
Reported officers
11
Mission

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.

Executive compensation

Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Indiana.

Board Member
Above 90th percentile
$62k
$68k
Board Member
Above 90th percentile
$41k
$46k
Board Member
75th to 90th percentile
$32k
$36k
Board Secretary/treasurer
Officer (Unspecified)
$29k
$32k
Board Member (end 3/24)
Board Member
75th to 90th percentile
$22k
$25k
Board Member (beg 3/24)
Board Member
Median to 75th percentile
$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 5 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at Cardinal Properties equaled 9% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2023)
9%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 6%
from 2022

From $58k in 2022 to $62k in 2023.

$58k
2022
$62k
2023
In today's dollarsEst.
Up 2% in real terms$67k to $68k

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.

Pay for the position

Board Member pay rose 6% from 2022 to 2023, while revenue fell 33%.

$58k in 2022 to $62k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about Cardinal Properties

What does the Board Member of Cardinal Properties earn?

In 2023, the Board Member of Cardinal Properties received $61,687 in total compensation. This pay is in the top 10% for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in Indiana: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at Cardinal Properties compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Indiana, the 2023 pay of the Board Member at Cardinal Properties falls in the top 10%. In 2023, the highest total compensation at Cardinal Properties equaled 9% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are Cardinal Properties's revenue and expenses?

In 2023, Cardinal Properties reported $492k in total revenue and $706k in total expenses on its IRS Form 990.

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