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Nonprofiteer
← COMMUNITY FOUNDATIONS INC

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATIONS INC.

Totals

Total revenue
$6,706,962
Total expenses
$7,267,453
Contributions and grants received
$3,314,832
Grants paid
$6,712,132
Program service revenue
$0
Investment income
$3,392,130
Other revenue
$0
Total assets, end of year
$72,428,915
Total liabilities, end of year
$678,745
Net assets or fund balances, end of year
$71,750,170
Program services expenses (Part IX)
$6,907,605
Management and general expenses
$234,956
Fundraising expenses
$124,892
Program service expenses (Part III)
$6,907,605

Program services were 95.0% 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

    $3,314,832

  • 1g · Noncash contributions included above

    $96,072

  • 3 · Investment income

    total $1,712,428 · excluded $1,712,428

  • 7a · Gross sales of assets other than inventory

    securities $15,371,736

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

    securities $13,692,034

  • 7c · Gain or loss

    securities $1,679,702

  • 7d · Net gain or loss

    total $1,679,702 · excluded $1,679,702

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,712,132 · program services $6,712,132

  • 11a · Fees: management

    total $379,371 · program services $133,539 · management and general $160,511 · fundraising $85,321

  • 11f · Fees: investment management

    total $175,710 · program services $61,850 · management and general $74,343 · fundraising $39,517

  • 24a · Other expenses: OTHER EXPENSES

    total $240 · program services $84 · management and general $102 · fundraising $54

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,158,780 · end of year $4,745,129

  • 3 · Pledges and grants receivable

    end of year $2,239,521

  • 4 · Accounts receivable

    beginning of year $14,965 · end of year $8,769

  • 11 · Investments: publicly traded securities

    beginning of year $60,643,617 · end of year $63,630,876

  • 12 · Investments: other securities

    beginning of year $2,354,318 · end of year $1,804,620

  • 18 · Grants payable

    beginning of year $608,869 · end of year $678,745

  • 27 · Net assets without donor restrictions

    beginning of year $66,562,811 · end of year $71,750,170

Mission and programs · 2023

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

THIS FOUNDATION ASSISTS OTHERS IN IMPROVING THE COMMUNITY FOR THE BENEFIT OF ALL ITS CITIZENS.

  • RELIGION

    Expenses $3,963,221 · Grants $3,851,068

  • EDUCATION

    Expenses $1,147,715 · Grants $1,115,237

  • SOCIAL SERVICES

    Expenses $767,494 · Grants $745,775

  • ADVANCING PHILANTHROPY

    Expenses $365,991 · Grants $355,635

  • HEALTH

    Expenses $270,998 · Grants $263,330

  • NEIGHBORHOOD

    Expenses $177,620 · Grants $172,594

  • ARTS AND HUMANITIES

    Expenses $152,818 · Grants $148,493

  • CONSERVATION

    Expenses $61,748 · Grants $60,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Clark Kellogg

    CHAIRPERSON/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey W Edwards

    VICE CHAIR/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jane Grote Abell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • George S Barrett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lisa Ingram

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William J Hicks II MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Katie Wolfe Lloyd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marchelle E Moore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Matthew A Scantland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Douglas F Kridler

    PRESIDENT & CEO

    Total calculated
    $680,084
    From this org
    $0
    From related orgs
    $574,139
    Other
    $105,945
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $524,139 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $83,000 related
    Nontaxable benefits
    $0 + $22,945 related
    Filer's total
    $0 + $680,084 related

  • Scott G Heitkamp CPA

    VICE PRESIDENT & CFO

    Total calculated
    $368,497
    From this org
    $0
    From related orgs
    $305,028
    Other
    $63,469
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $305,028 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $30,469 related
    Filer's total
    $0 + $368,497 related

  • Angela G Parsons

    VICE PRESIDENT OF DSD

    Total calculated
    $314,116
    From this org
    $0
    From related orgs
    $255,130
    Other
    $58,986
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,130 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,517 related
    Nontaxable benefits
    $0 + $30,469 related
    Filer's total
    $0 + $314,116 related

  • Dan A Sharpe

    VICE PRESIDENT OF CRGM

    Total calculated
    $259,068
    From this org
    $0
    From related orgs
    $223,882
    Other
    $35,186
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,882 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,436 related
    Nontaxable benefits
    $0 + $10,750 related
    Filer's total
    $0 + $259,068 related

  • Gregg Oosterbaan

    VICE PRESIDENT - INFORMATI

    Total calculated
    $236,969
    From this org
    $0
    From related orgs
    $185,636
    Other
    $51,333
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,636 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,864 related
    Nontaxable benefits
    $0 + $30,469 related
    Filer's total
    $0 + $236,969 related

  • Tamara J Durrence

    VP - SUPPORTING (THRU 6/2023)

    Total calculated
    $215,191
    From this org
    $0
    From related orgs
    $189,733
    Other
    $25,458
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $109,733 related
    Bonus
    $0
    Other
    $0 + $80,000 related
    Deferred
    $0 + $13,052 related
    Nontaxable benefits
    $0 + $12,406 related
    Filer's total
    $0 + $215,191 related

  • Amy Vick

    VICE PRESIDENT - COMMUNICA

    Total calculated
    $198,710
    From this org
    $0
    From related orgs
    $150,869
    Other
    $47,841
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,869 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,396 related
    Nontaxable benefits
    $0 + $30,445 related
    Filer's total
    $0 + $198,710 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
IN 2023, TAMARA J. DURRENCE RECEIVED AN $80,000 SEVERANCE PAYMENT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
16 October 2024
IRS schema version
2023v5.1
Source object
202433199349304473

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

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