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← HENRY COUNTY COMMUNITY FOUNDATION INC

Form 990 for tax year 2022

Filed by HENRY COUNTY COMMUNITY FOUNDATION INC.

Totals

Total revenue
$2,830,984
Total expenses
$2,952,184
Contributions and grants received
$1,638,515
Grants paid
$1,551,560
Program service revenue
$525,981
Investment income
$622,573
Other revenue
$43,915
Total assets, end of year
$49,096,211
Total liabilities, end of year
$1,408,853
Net assets or fund balances, end of year
$47,687,358
Program services expenses (Part IX)
$1,730,973
Management and general expenses
$992,986
Fundraising expenses
$228,225
Program service expenses (Part III)
$1,730,973

Program services were 58.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,638,515

  • 1g · Noncash contributions included above

    $125,025

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $525,981 · related or exempt $525,981

  • 3 · Investment income

    total $588,535 · excluded $588,535

  • 7a · Gross sales of assets other than inventory

    securities $5,567,126

  • 7b · Less cost or other basis and sales expenses

    securities $5,533,088

  • 7c · Gain or loss

    securities $34,038

  • 7d · Net gain or loss

    total $34,038 · excluded $34,038

  • 11a · Other revenue: FEG II

    total $45,729 · unrelated business $45,729

  • 11b · Other revenue: FEG I

    total $9,917 · unrelated business $9,917

  • 11c · Other revenue: TRUEBRIDGE V

    total $424 · unrelated business $424

  • 11d · All other revenue

    total -$12,155 · unrelated business -$12,155

  • 11e · Other revenue, total

    $43,915

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,026,368 · program services $1,026,368

  • 2 · Grants to domestic individuals

    total $525,192 · program services $525,192

  • 5 · Compensation of officers, directors and key employees

    total $90,207 · program services $29,740 · management and general $31,542 · fundraising $28,925

  • 7 · Other salaries and wages

    total $193,205 · program services $63,786 · management and general $67,652 · fundraising $61,767

  • 9 · Other employee benefits

    total $24,506 · program services $8,087 · management and general $8,577 · fundraising $7,842

  • 10 · Payroll taxes

    total $21,220 · program services $7,003 · management and general $7,427 · fundraising $6,790

  • 11a · Fees: management

    total $525,981 · management and general $525,981

  • 11c · Fees: accounting

    total $15,676 · management and general $15,676

  • 11f · Fees: investment management

    total $267,940 · management and general $267,940

  • 11g · Fees: other

    total $13,328 · program services $4,398 · management and general $4,665 · fundraising $4,265

  • 13 · Office expenses

    total $15,397 · program services $5,082 · management and general $5,386 · fundraising $4,929

  • 14 · Information technology

    total $46,315 · program services $15,284 · management and general $16,210 · fundraising $14,821

  • 16 · Occupancy

    total $38,205 · program services $12,607 · management and general $13,372 · fundraising $12,226

  • 17 · Travel

    total $1,486 · program services $490 · management and general $520 · fundraising $476

  • 19 · Conferences, conventions and meetings

    total $8,661 · program services $2,858 · management and general $3,031 · fundraising $2,772

  • 22 · Depreciation, depletion and amortization

    total $27,551 · program services $9,092 · management and general $9,643 · fundraising $8,816

  • 23 · Insurance

    total $9,319 · program services $3,075 · management and general $3,262 · fundraising $2,982

  • 24a · Other expenses: FUNDRAISING

    total $60,549 · fundraising $60,549

  • 24b · Other expenses: STRATEGIC PLANNING

    total $26,754 · program services $8,829 · management and general $9,364 · fundraising $8,561

  • 24c · Other expenses: LILLY

    total $9,012 · program services $7,329 · management and general $879 · fundraising $804

  • 24d · Other expenses: MEMBERSHIPS AND DUES

    total $5,312 · program services $1,753 · management and general $1,859 · fundraising $1,700

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100 · end of year $100

  • 2 · Savings and temporary cash investments

    beginning of year $2,816,871 · end of year $2,017,127

  • 3 · Pledges and grants receivable

    beginning of year $11,574 · end of year $11,574

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,581 · end of year $39,696

  • 10a · Land, buildings and equipment: cost or other basis

    $994,708

  • 10b · Land, buildings and equipment: accumulated depreciation

    $331,745

  • 10c · Land, buildings and equipment, net

    beginning of year $403,672 · end of year $662,963

  • 11 · Investments: publicly traded securities

    beginning of year $54,111,417 · end of year $46,354,609

  • 12 · Investments: other securities

    beginning of year $6,083 · end of year $6,379

  • 15 · Other assets

    end of year $3,763

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,985 · end of year $17,818

  • 18 · Grants payable

    beginning of year $2,872 · end of year $8,392

  • 25 · Other liabilities

    beginning of year $1,671,493 · end of year $1,382,643

  • 27 · Net assets without donor restrictions

    beginning of year $1,122,046 · end of year $1,112,663

  • 28 · Net assets with donor restrictions

    beginning of year $54,565,902 · end of year $46,574,695

Mission and programs · 2022

Mission

THE HENRY COUNTY COMMUNITY FOUNDATION, INC. IS A PUBLIC TRUST WHICH SECURES PERMANENT FUNDS FOR PHILANTHROPIC PURPOSES. ITS MISSION IS TO HELP WHERE THE NEEDS ARE GREATEST AND BENEFITS TO THE COMMUNITY AND ITS CITIZENS ARE MOST SUBSTANTIAL; TO PROVIDE PUBLIC SPIRITED DONORS A VEHICLE FOR USING THEIR GIFTS IN THE BEST POSSIBLE WAY NOW AND IN THE FUTURE AS CONDITIONS INEVITABLY CHANGE; AND TO PROVIDE EXCELLENT STEWARDSHIP OF THOSE GIFTS WHICH IT RECEIVES.

  • THE FOUNDATION IS DEDICATED TO EDUCATING, COMMUNICATING AND CELEBRATING COMMUNITY SPIRIT THROUGH THE GENEROSITY OF OUR DONORS. IN 2022, 319 SCHOLARSHIPS WERE AWARDED ALONG WITH GRANTS TO MANY NOT-FOR-PROFITS. THE PURPOSE OF THE GRANTS INCLUDES ARTS/CULTURE, EDUCATION, HEALTH, ENVIRONMENT, HUMAN SERVICES, COMMUNITY DEVELOPMENT AND YOUTH.

    Expenses $1,730,973 · Grants $1,551,560 · Revenue $525,981

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jon Madison

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Carrie Barrett

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Debi Ware

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Susan Falck-Neal

    ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Broyles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Darin Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Eversole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerry Cash

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Pidgeon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Forrest Plank

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kyle Siewert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maribeth Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Willis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Fox

    PRESIDENT

    Total calculated
    $90,121
    From this org
    $90,121
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313189349314421

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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