Indiana · Nonprofit
INDIANA RETIRED TEACHERS ASSOCIATION FOUNDATION INC
INDIANA RETIRED TEACHERS ASSOCIATION FOUNDATION INC (Indiana) receives grants from 3 organizations whose IRS filings report $35,505 to it, the largest being Lumina Foundation for Education Inc ($25,000). 1 of them have funded it in more than one year.
- Revenue FY2025
- $93k
- Funders on record
- 3
- Grants received
- $36k
- Net assets
- $713k
What Indiana Retired Teachers Association Foundation Inc does
Mission
As a partner of the indiana retired teachers association ("irta"), our foundation promotes the welfare of retired teachers, supports those who are currently teaching and encourages people to enter the profession.
As stated on its FY2025 Form 990.
Program
To support our mission, the irta foundation sponsors:scholarships: college sophomores and juniors who are education majors may apply in the spring. One scholarship in each of the ten geographic areas of the irta will be awarded annually.active teacher grants: public school educators (pre-k through 12) may apply so that their students will have the means to participate in special projects. Applications are due in the fall, and a minimum of one grant in each of the ten geographic areas will be awarded annually.a hand up: irta members who face an immediate, short term financial need may apply for up to $1,000. This grant request may be made at any time during the year, as a need arises.
$38,964 spentof which $30,818 as grants$311 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $38,964.
The organization over time
Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $653k to $736k (+13%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 4 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Laura Penman
Irta exec director, ex-officio
As listed on its FY2025 Form 990.
Who funds it, year by year
2020 → 2023: the base narrowed from 3 funders to 1 funder, grant income fell $35k → $99.
2 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 30% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $52k from one payer (the payer shares this organization's board, largest Indiana Retired Teachers Association). These are real filings, and they are not money INDIANA RETIRED TEACHERS ASSOCIATION FOUNDATION INC raised.
From the IRS filings of INDIANA RETIRED TEACHERS ASSOCIATION FOUNDATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
INDIANA RETIRED TEACHERS ASSOCIATION FOUNDATION INC leans on a few funders — its largest provides 70% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
30% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund INDIANA RETIRED TEACHERS ASSOCIATION FOUNDATION INC.
Largest funder’s share by year: 2020 71% · 2021 100% · 2022 100% · 2023 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of INDIANA RETIRED TEACHERS ASSOCIATION FOUNDATION INC's grant income comes from Indiana funders.
Funder states come from each funder’s own filing. $11k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Organizations like INDIANA RETIRED TEACHERS ASSOCIATION FOUNDATION INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Indiana
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
64% of spending goes to programs.
Governance
Public support
47%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Indiana Retired Teachers Assoc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for INDIANA RETIRED TEACHERS ASSOCIATION FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds INDIANA RETIRED TEACHERS ASSOCIATION FOUNDATION INC?
- INDIANA RETIRED TEACHERS ASSOCIATION FOUNDATION INC (Indiana) receives grants from 3 organizations whose IRS filings report $35,505 to it, the largest being Lumina Foundation for Education Inc ($25,000). 1 of them have funded it in more than one year.
- How many funders does INDIANA RETIRED TEACHERS ASSOCIATION FOUNDATION INC have?
- IRS filings report 3 organizations giving $35,505 in grants to INDIANA RETIRED TEACHERS ASSOCIATION FOUNDATION INC, 1 of which have funded it in more than one year.
- Who is the largest funder of INDIANA RETIRED TEACHERS ASSOCIATION FOUNDATION INC?
- Lumina Foundation for Education Inc is the largest funder on record, with $25,000 in grants. The full list of funders is on this page.
- How can an organization like INDIANA RETIRED TEACHERS ASSOCIATION FOUNDATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Indiana Retired Teachers Association →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2022–2025), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing