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Nonprofiteer
← HENRY COUNTY COMMUNITY FOUNDATION INC

Form 990 for tax year 2024

Filed by HENRY COUNTY COMMUNITY FOUNDATION INC.

Totals

Total revenue
$4,707,531
Total expenses
$3,440,623
Contributions and grants received
$2,154,658
Grants paid
$1,917,245
Program service revenue
$572,674
Investment income
$1,976,528
Other revenue
$3,671
Total assets, end of year
$58,338,750
Total liabilities, end of year
$1,383,265
Net assets or fund balances, end of year
$56,955,485
Program services expenses (Part IX)
$2,130,242
Management and general expenses
$1,050,762
Fundraising expenses
$259,619
Program service expenses (Part III)
$2,130,242

Program services were 61.9% 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

    $2,154,658

  • 1g · Noncash contributions included above

    $278,345

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $572,674 · related or exempt $572,674

  • 3 · Investment income

    total $909,673 · excluded $909,673

  • 7a · Gross sales of assets other than inventory

    securities $2,220,421

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

    securities $1,153,566

  • 7c · Gain or loss

    securities $1,066,855

  • 7d · Net gain or loss

    total $1,066,855 · excluded $1,066,855

  • 11a · Other revenue: RCP FUND XIII, LP

    total $13,573 · unrelated business $13,573

  • 11b · Other revenue: THE VARDE DISLOCATION FUND

    total $8,069 · unrelated business $8,069

  • 11c · Other revenue: PARK STREET CAPITAL FUND XI

    total $7,649 · unrelated business $7,649

  • 11d · All other revenue

    total -$25,620 · unrelated business -$25,620

  • 11e · Other revenue, total

    $3,671

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,213,771 · program services $1,213,771

  • 2 · Grants to domestic individuals

    total $703,474 · program services $703,474

  • 5 · Compensation of officers, directors and key employees

    total $105,877 · program services $34,940 · management and general $37,057 · fundraising $33,880

  • 7 · Other salaries and wages

    total $204,646 · program services $67,533 · management and general $71,626 · fundraising $65,487

  • 9 · Other employee benefits

    total $28,368 · program services $9,361 · management and general $9,929 · fundraising $9,078

  • 10 · Payroll taxes

    total $23,154 · program services $7,641 · management and general $8,104 · fundraising $7,409

  • 11a · Fees: management

    total $572,674 · management and general $572,674

  • 11c · Fees: accounting

    total $20,400 · management and general $20,400

  • 11f · Fees: investment management

    total $242,386 · management and general $242,386

  • 11g · Fees: other

    total $13,345 · program services $4,404 · management and general $4,671 · fundraising $4,270

  • 13 · Office expenses

    total $14,654 · program services $4,836 · management and general $5,130 · fundraising $4,688

  • 14 · Information technology

    total $48,176 · program services $15,898 · management and general $16,862 · fundraising $15,416

  • 16 · Occupancy

    total $42,663 · program services $14,079 · management and general $14,932 · fundraising $13,652

  • 17 · Travel

    total $4,042 · program services $1,333 · management and general $1,415 · fundraising $1,294

  • 19 · Conferences, conventions and meetings

    total $9,424 · program services $3,110 · management and general $3,298 · fundraising $3,016

  • 22 · Depreciation, depletion and amortization

    total $30,515 · program services $10,070 · management and general $10,680 · fundraising $9,765

  • 23 · Insurance

    total $10,694 · program services $3,529 · management and general $3,743 · fundraising $3,422

  • 24a · Other expenses: STRATEGIC PLANNING

    total $73,980 · program services $24,413 · management and general $25,893 · fundraising $23,674

  • 24b · Other expenses: FUNDRAISING

    total $62,774 · fundraising $62,774

  • 24c · Other expenses: LILLY

    total $10,000 · program services $10,000

  • 24d · Other expenses: MEMBERSHIPS AND DUES

    total $5,606 · program services $1,850 · management and general $1,962 · fundraising $1,794

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $300 · end of year $300

  • 2 · Savings and temporary cash investments

    beginning of year $1,721,190 · end of year $2,076,001

  • 3 · Pledges and grants receivable

    beginning of year $11,574 · end of year $21,363

  • 4 · Accounts receivable

    beginning of year $35,281 · end of year $38,169

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,278 · end of year $40,293

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

    $1,035,401

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

    $393,626

  • 10c · Land, buildings and equipment, net

    beginning of year $652,698 · end of year $641,775

  • 11 · Investments: publicly traded securities

    beginning of year $51,241,324 · end of year $55,511,538

  • 12 · Investments: other securities

    beginning of year $6,737 · end of year $7,105

  • 15 · Other assets

    beginning of year $2,985 · end of year $2,206

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,623 · end of year $12,417

  • 18 · Grants payable

    beginning of year $11,327 · end of year $2,000

  • 25 · Other liabilities

    beginning of year $1,410,517 · end of year $1,368,848

  • 27 · Net assets without donor restrictions

    beginning of year $1,363,951 · end of year $1,498,643

  • 28 · Net assets with donor restrictions

    beginning of year $50,900,949 · end of year $55,456,842

Mission and programs · 2024

Mission

THE HENRY COUNTY COMMUNITY FOUNDATION, INC. IS A PUBLIC TRUST WHICH SECURES FUNDS FOR SUSTAINABLE 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 2023, 189 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 $2,130,242 · Grants $1,917,245 · Revenue $572,674

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carrie Barrett

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Forrest Plank

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Lewis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Debi Ware

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jon Madison

    ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • Darin Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerry Cash

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Eversole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Corey Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Falck-Neal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kreigh Cook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erika Gilman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charley Willis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Fox

    PRESIDENT

    Total calculated
    $109,117
    From this org
    $105,877
    From related orgs
    $0
    Other
    $3,240
    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
2024
Filed
31 October 2025
IRS schema version
2024v5.0
Source object
202543099349300029

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

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