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Nonprofiteer
← LAGRANGE COUNTY COMMUNITY FOUNDATION INC

Form 990 for tax year 2022

Filed by LAGRANGE COUNTY COMMUNITY FOUNDATION INC.

Totals

Total revenue
$2,094,388
Total expenses
$1,104,103
Contributions and grants received
$1,641,419
Grants paid
$596,931
Program service revenue
$2,093
Investment income
$450,876
Other revenue
$0
Total assets, end of year
$20,897,303
Total liabilities, end of year
$225,518
Net assets or fund balances, end of year
$20,671,785
Program services expenses (Part IX)
$798,704
Management and general expenses
$272,570
Fundraising expenses
$32,829
Program service expenses (Part III)
$798,704

Program services were 72.3% 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

    $1,641,419

  • 1g · Noncash contributions included above

    $738,813

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $2,093 · related or exempt $2,093

  • 3 · Investment income

    total $427,220 · excluded $427,220

  • 7a · Gross sales of assets other than inventory

    securities $6,851,186

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

    securities $6,827,530

  • 7c · Gain or loss

    securities $23,656

  • 7d · Net gain or loss

    total $23,656 · excluded $23,656

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $487,546 · program services $487,546

  • 2 · Grants to domestic individuals

    total $109,385 · program services $109,385

  • 5 · Compensation of officers, directors and key employees

    total $87,299 · program services $21,825 · management and general $56,744 · fundraising $8,730

  • 7 · Other salaries and wages

    total $104,210 · program services $26,053 · management and general $67,736 · fundraising $10,421

  • 8 · Pension plan contributions

    total $2,804 · program services $701 · management and general $1,823 · fundraising $280

  • 10 · Payroll taxes

    total $14,673 · program services $3,668 · management and general $9,538 · fundraising $1,467

  • 11b · Fees: legal

    total $732 · management and general $732

  • 11c · Fees: accounting

    total $31,431 · management and general $31,431

  • 11f · Fees: investment management

    total $41,879 · management and general $41,879

  • 11g · Fees: other

    total $6,956 · program services $713 · management and general $5,768 · fundraising $475

  • 12 · Advertising and promotion

    total $4,394 · fundraising $4,394

  • 13 · Office expenses

    total $7,403 · program services $1,876 · management and general $4,794 · fundraising $733

  • 14 · Information technology

    total $27,653 · program services $6,913 · management and general $17,975 · fundraising $2,765

  • 16 · Occupancy

    total $23,102 · program services $15,016 · management and general $5,776 · fundraising $2,310

  • 19 · Conferences, conventions and meetings

    total $9,168 · management and general $9,168

  • 22 · Depreciation, depletion and amortization

    total $14,389 · management and general $14,389

  • 23 · Insurance

    total $7,024 · program services $5,268 · management and general $1,756

  • 24a · Other expenses: PROGRAM RELATED DISBURSE

    total $119,740 · program services $119,740

  • 24b · Other expenses: PROFESSIONAL MEMBERSHIPS

    total $1,415 · management and general $1,415

  • 24c · Other expenses: DONOR DEVELOPMENT

    total $1,254 · fundraising $1,254

  • 24d · Other expenses: SPONSORSHIPS

    total $870 · management and general $870

  • 24e · All other expenses

    total $776 · management and general $776

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,647,943 · end of year $40,406

  • 2 · Savings and temporary cash investments

    beginning of year $513,718 · end of year $706,481

  • 3 · Pledges and grants receivable

    end of year $721,081

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,605 · end of year $1,609

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

    $137,750

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

    $59,787

  • 10c · Land, buildings and equipment, net

    beginning of year $85,252 · end of year $77,963

  • 11 · Investments: publicly traded securities

    beginning of year $20,519,879 · end of year $19,325,263

  • 12 · Investments: other securities

    beginning of year $24,500 · end of year $24,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,569 · end of year $30,662

  • 21 · Escrow or custodial account liability

    beginning of year $234,776 · end of year $194,856

  • 27 · Net assets without donor restrictions

    beginning of year $8,345,172 · end of year $7,687,994

  • 28 · Net assets with donor restrictions

    beginning of year $15,186,380 · end of year $12,983,791

Mission and programs · 2022

Mission

THE MISSION OF THE LAGRANGE COUNTY COMMUNITY FOUNDATION IS TO INSPIRE AND SUSTAIN GENEROSITY, LEADERSHIP AND SERVICE. WE CONNECT DONORS TO CHARITABLE CAUSES, AWARD GRANTS AND SCHOLARSHIPS, AND PROVIDE LEADERSHIP TO ENHANCE THE QUALITY OF LIFE IN LAGRANGE COUNTY.

Activities or mission (Part I)

OUR MISSION IS TO INSPIRE AND SUSTAIN GENEROSITY, LEADERSHIP AND SERVICE. WE CONNECT DONORS TO CHARITABLE CAUSES, AWARD GRANTS AND SCHOLARSHIPS, AND PROVIDE LEADERSHIP TO ENHANCE THE QUALITY OF LIFE IN LAGRANGE COUNTY.

  • GRANTMAKING: THE LAGRANGE COUNTY COMMUNITY FOUNDATIONS UNRESTRICTED ENDOWMENT FUNDS AND FIELD OF INTEREST FUNDS RESPOND TO THE CHANGING NEEDS OF LAGRANGE COUNTY. TWICE A YEAR, THE FOUNDATIONS VOLUNTEER GRANTS COMMITTEE REVIEWS APPLICATIONS AND MAKES FUNDING RECOMMENDATIONS TO THE BOARD OF DIRECTORS. THE COMMUNITY FOUNDATION DIRECTS GRANTS TO CHARITABLE PROJECTS THAT WILL IMPROVE THE QUALITY OF LIFE IN LAGRANGE COUNTY. CATEGORIES OF SUPPORT INCLUDE ARTS & CULTURE, HEALTH & HUMAN SERVICES, COMMUNITY DEVELOPMENT, EDUCATION, ENVIRONMENT, AND RECREATION. THE COMMUNITY FOUNDATION ALSO AWARDS GRANTS TO NONPROFIT ORGANIZATIONS AS DIRECTED FROM FUNDS ESTABLISHED BY COMMUNITY DONORS.

    Expenses $652,345 · Grants $487,546 · Revenue $2,093

  • SCHOLARSHIPS: WE PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING POST-SECONDARY EDUCATION. SCHOLARSHIP RECIPIENTS ARE SELECTED ON A COMPETITIVE BASIS THROUGH CAREFUL REVIEW AND SCORING OF APPLICATIONS BY MEMBERS OF THE VOLUNTEER SCHOLARSHIP ADVISORY COMMITTEE. THE BOARD OF DIRECTORS HAVE FINAL APPROVAL ON ALL SCHOLARSHIP AWARDS.

    Expenses $146,359 · Grants $109,385

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

Listed in Part VII

  • Neal Wolheter

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Renea Boots

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.5

  • Tony Bontrager

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Lynn Weaver

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • George Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Trevor Thain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Randy Zimmerly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Octavia Yoder

    EXECUTIVE DI

    Total calculated
    $87,299
    From this org
    $84,840
    From related orgs
    $0
    Other
    $2,459
    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.

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
1 April 2023
IRS schema version
2022v5.0
Source object
202311249349302066

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

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