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Nonprofiteer
← COMMUNITY FOUNDATION OF BLOOMINGTON AND MONROE COUNTY INC

Form 990 for tax year 2022

Filed by COMMUNITY FOUNDATION OF BLOOMINGTON AND MONROE COUNTY INC.

Totals

Total revenue
$14,808,470
Total expenses
$12,789,535
Contributions and grants received
$12,596,306
Grants paid
$11,353,032
Program service revenue
$0
Investment income
$2,157,622
Other revenue
$54,542
Total assets, end of year
$47,473,129
Total liabilities, end of year
$5,849,273
Net assets or fund balances, end of year
$41,623,856
Program services expenses (Part IX)
$11,904,293
Management and general expenses
$549,318
Fundraising expenses
$335,924
Program service expenses (Part III)
$11,904,293

Program services were 93.1% 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.

  • 1d · Related organizations

    $337,000

  • 1e · Government grants (contributions)

    $141,696

  • 1f · All other contributions, gifts and grants

    $12,117,610

  • 1g · Noncash contributions included above

    $114,998

  • 3 · Investment income

    total $1,523,435 · excluded $1,523,435

  • 7a · Gross sales of assets other than inventory

    securities $5,026,967

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

    securities $4,392,780

  • 7c · Gain or loss

    securities $634,187

  • 7d · Net gain or loss

    total $634,187 · excluded $634,187

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $54,542 · related or exempt $54,542

  • 11e · Other revenue, total

    $54,542

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,323,360 · program services $11,323,360

  • 2 · Grants to domestic individuals

    total $29,672 · program services $29,672

  • 5 · Compensation of officers, directors and key employees

    total $180,519 · program services $66,792 · management and general $66,792 · fundraising $46,935

  • 7 · Other salaries and wages

    total $591,955 · program services $219,024 · management and general $219,024 · fundraising $153,907

  • 8 · Pension plan contributions

    total $10,388 · program services $3,843 · management and general $3,844 · fundraising $2,701

  • 9 · Other employee benefits

    total $22,869 · program services $8,461 · management and general $8,462 · fundraising $5,946

  • 10 · Payroll taxes

    total $60,829 · program services $22,507 · management and general $22,507 · fundraising $15,815

  • 11b · Fees: legal

    total $975 · program services $39 · management and general $936

  • 11c · Fees: accounting

    total $31,327 · program services $1,253 · management and general $30,074

  • 11f · Fees: investment management

    total $124,961 · management and general $124,961

  • 11g · Fees: other

    total $17,028 · program services $7,154 · management and general $9,874

  • 13 · Office expenses

    total $39,408 · program services $13,399 · management and general $10,246 · fundraising $15,763

  • 16 · Occupancy

    total $29,157 · program services $9,913 · management and general $7,581 · fundraising $11,663

  • 17 · Travel

    total $3,533 · program services $3,533

  • 19 · Conferences, conventions and meetings

    total $14,720 · program services $7,361 · fundraising $7,359

  • 22 · Depreciation, depletion and amortization

    total $11,844 · program services $4,027 · management and general $3,079 · fundraising $4,738

  • 23 · Insurance

    total $19,352 · program services $6,580 · management and general $5,032 · fundraising $7,740

  • 24a · Other expenses: PROGRAM SUPPORT EXPENSE

    total $167,694 · program services $167,694

  • 24b · Other expenses: DONOR DEVELOPMENT

    total $43,654 · fundraising $43,654

  • 24c · Other expenses: SOFTWARE

    total $36,415 · management and general $27,311 · fundraising $9,104

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $15,646 · program services $5,317 · management and general $4,067 · fundraising $6,262

  • 24e · All other expenses

    total $14,229 · program services $4,364 · management and general $5,528 · fundraising $4,337

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 $2,057,486 · end of year $2,722,122

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,833 · end of year $380,132

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

    $1,614,147

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

    $162,003

  • 10c · Land, buildings and equipment, net

    beginning of year $1,463,988 · end of year $1,452,144

  • 11 · Investments: publicly traded securities

    beginning of year $39,613,015 · end of year $42,918,631

  • 17 · Accounts payable and accrued expenses

    beginning of year $139,195 · end of year $154,637

  • 18 · Grants payable

    beginning of year $35,000 · end of year $78,204

  • 21 · Escrow or custodial account liability

    beginning of year $5,524,282 · end of year $5,616,432

  • 27 · Net assets without donor restrictions

    beginning of year $3,817,674 · end of year $4,298,293

  • 28 · Net assets with donor restrictions

    beginning of year $33,652,271 · end of year $37,325,563

Mission and programs · 2022

Mission

COMMUNITY FOUNDATION RAISING FUNDS FOR LONG TERM SUPPORT OF NON-PROFIT ORGANIZATIONS, PRINCIPALLY IN LOCAL COMMUNITY.

  • THE COMMUNITY FOUNDATION OF BLOOMINGTON AND MONROE COUNTY EXISTS TO ENHANCE OUR COMMUNITY THROUGH PERMANENT CHARITABLE CAPITAL, EFFECTIVE GRANTS, AND INCLUSIVE LEADERSHIP. THE ORGANIZATION CHAMPIONS LOCAL PHILANTHROPY BY BUILDING COMMUNITY ASSETS, PARTICULARLY PERMANENT ENDOWMENT FUNDS; ADMINISTERS GRANTS IN DIVERSE CHARITABLE FIELDS REFLECTIVE OF DONOR INTERESTS AND COMMUNITY NEEDS AND OPPORTUNITIES; AND STRIVES TO PROVIDE INCLUSIVE COMMUNITY LEADERSHIP ON ISSUES OF LOCAL IMPORTANCE.THE FOUNDATION ADMINISTERS OVER 200 FUNDS, PRIMARILY PERMANENT ENDOWMENTS, INCLUDING AGENCY OR DESIGNATED, SCHOLARSHIP, DONOR-ADVISED, FIELD-OF-INTEREST AND UNRESTRICTED FUNDS.

    Expenses $11,904,293 · Grants $11,353,032 · Revenue $54,542

As filed on the 2022 return.

Listed in Part VII

  • Brian Shockney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Erin Martoglio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Herb Caldwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jerry Sanders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jessika Hane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Laurie Burns McRobbie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeremiah Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lindsey Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christa Curtis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Franklin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mattie White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eric Spoonmore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Isabel Santer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Warren Cutshall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brian D Yeley

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jennie Vaughan

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Jeff Wuslich

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Michelle Cole

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Alisa Hendrix

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Tina Peterson

    PRESIDENT AND CEO

    Total calculated
    $174,042
    From this org
    $168,804
    From related orgs
    $0
    Other
    $5,238
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $168,804
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,238
    Filer's total
    $174,042

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

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

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

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
2022
Filed
16 March 2024
IRS schema version
2022v5.0
Source object
202420819349300602

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