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Nonprofiteer
← WHITLEY COUNTY COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by WHITLEY COUNTY COMMUNITY FOUNDATION INC.

Totals

Total revenue
$3,192,739
Total expenses
$4,007,084
Contributions and grants received
$2,145,651
Grants paid
$2,852,075
Program service revenue
$433,891
Investment income
$613,197
Other revenue
$0
Total assets, end of year
$38,187,145
Total liabilities, end of year
$787,276
Net assets or fund balances, end of year
$37,399,869
Program services expenses (Part IX)
$3,000,675
Management and general expenses
$912,452
Fundraising expenses
$93,957
Program service expenses (Part III)
$3,000,675

Program services were 74.9% 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

    $2,145,651

  • 1g · Noncash contributions included above

    $223,957

  • 2a · Program service revenue: ADMINISTRATIVE FEE INCOME

    total $433,891 · related or exempt $433,891

  • 3 · Investment income

    total $805,402 · excluded $805,402

  • 7a · Gross sales of assets other than inventory

    securities $10,005,809

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

    securities $10,198,014

  • 7c · Gain or loss

    securities -$192,205

  • 7d · Net gain or loss

    total -$192,205 · excluded -$192,205

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,486,453 · program services $2,486,453

  • 2 · Grants to domestic individuals

    total $365,622 · program services $365,622

  • 5 · Compensation of officers, directors and key employees

    total $110,857 · program services $31,040 · management and general $73,166 · fundraising $6,651

  • 7 · Other salaries and wages

    total $210,251 · program services $58,871 · management and general $138,765 · fundraising $12,615

  • 9 · Other employee benefits

    total $9,000 · program services $2,520 · management and general $5,940 · fundraising $540

  • 10 · Payroll taxes

    total $27,164 · program services $7,606 · management and general $17,928 · fundraising $1,630

  • 11a · Fees: management

    total $433,891 · management and general $433,891

  • 11c · Fees: accounting

    total $27,259 · program services $7,632 · management and general $17,991 · fundraising $1,636

  • 11f · Fees: investment management

    total $108,412 · management and general $108,412

  • 12 · Advertising and promotion

    total $11,029 · program services $3,088 · management and general $7,279 · fundraising $662

  • 13 · Office expenses

    total $29,726 · program services $8,323 · management and general $19,620 · fundraising $1,783

  • 16 · Occupancy

    total $19,927 · program services $5,579 · management and general $13,152 · fundraising $1,196

  • 19 · Conferences, conventions and meetings

    total $4,184 · program services $1,172 · management and general $2,761 · fundraising $251

  • 22 · Depreciation, depletion and amortization

    total $45,210 · program services $12,658 · management and general $29,839 · fundraising $2,713

  • 23 · Insurance

    total $8,722 · program services $2,442 · management and general $5,757 · fundraising $523

  • 24a · Other expenses: CONTRACTED SERVICES

    total $50,700 · fundraising $50,700

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $33,775 · management and general $33,775

  • 24c · Other expenses: FUNDRAISING

    total $12,704 · fundraising $12,704

  • 24d · Other expenses: PROGRAM EXPENSES

    total $6,021 · program services $6,021

  • 24e · All other expenses

    total $6,177 · program services $1,648 · management and general $4,176 · fundraising $353

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,064,776 · end of year $3,601,252

  • 7 · Other notes and loans receivable

    beginning of year $33,775 · end of year $12,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,956 · end of year $9,238

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

    $3,569,106

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

    $37,469

  • 10c · Land, buildings and equipment, net

    beginning of year $1,805,864 · end of year $3,531,637

  • 11 · Investments: publicly traded securities

    beginning of year $26,944,728 · end of year $30,844,159

  • 12 · Investments: other securities

    beginning of year $164,845 · end of year $170,556

  • 15 · Other assets

    beginning of year $30,772 · end of year $18,303

  • 17 · Accounts payable and accrued expenses

    beginning of year $80,768 · end of year $162,751

  • 18 · Grants payable

    beginning of year $157,127 · end of year $161,405

  • 25 · Other liabilities

    beginning of year $421,863 · end of year $463,120

  • 27 · Net assets without donor restrictions

    beginning of year $2,171,044 · end of year $3,186,035

  • 28 · Net assets with donor restrictions

    beginning of year $32,218,914 · end of year $34,213,834

Mission and programs · 2023

Mission

IT IS THE MISSION OF THE COMMUNITY FOUNDATION OF WHITLEY COUNTY TO INSPIRE PHILANTHROPY, ENRICH COMMUNITY, AND SERVE DONORS BY CREATING AN ENDURING SOURCE OF CHARITABLE ASSETS.

  • SCHOLARSHIPS: WE PROVIDE SCHOLARSHIPS TO STUDENTS WANTING TO PURSUE POST SECONDARY EDUCATION. THESE SCHOLARSHIPS ARE TO HELP WITH EXPENSES RELATING TO TUITION, FEES AND BOOKS. AS A COMMUNITY, WE HOPE TO BE ABLE TO FINANCIALLY HELP OUR CITIZENS OBTAIN EDUCATION PAST A HIGH SCHOOL DEGREE. ONLY 13.3% OF ADULTS OVER TWENTY-FIVE YEARS OF AGE IN WHITLEY COUNTY HAVE A FOUR YEAR DEGREE. IT IS THE HOPE THAT SCHOLARSHIPS WILL IMPROVE THAT PERCENTAGE OVER TIME.

    Expenses $365,622 · Grants $365,622

  • GRANTS: THE WHITLEY COUNTY COMMUNITY FOUNDATION'S UNRESTRICTED ENDOWMENT FUNDS RESPOND TO THE EVER-CHANGING ISSUES FACING WHITLEY COUNTY. TWICE A YEAR, THE FOUNDATION'S VOLUNTEER GRANTS COMMITTEE REVIEWS APPLICATIONS AND MAKES FUNDING RECOMMENDATIONS TO THE BOARD OF DIRECTORS. GRANTS ARE MADE POSSIBLE BY DONORS WHO HAVE INSTRUCTED THE FOUNDATION TO DIRECT THEIR GIFTS WHERE EVER THE NEED IS THE GREATEST. THE COMMUNITY FOUNDATION DIRECTS GRANTS TO CHARITABLE PROJECTS THAT WILL MAKE A POSITIVE IMPACT ON WHITLEY COUNTY AND ITS PEOPLE, WITH PARTICULAR INTEREST IN PROJECTS THAT SHED NEW LIGHT ON LOCAL NEEDS AND PROVIDE INNOVATIVE, LONG-TERM SOLUTIONS. CATEGORIES OF SUPPORT INCLUDE: ARTS & CULTURE, HEALTH, CIVIC AFFAIRS, RECREATION, COMMUNITY DEVELOPMENT, WELFARE, AND EDUCATION.

    Expenses $2,486,453 · Grants $2,486,453

  • CONVENING COMMUNITY LEADERS: THE WHITLEY COUNTY COMMUNITY FOUNDATION WILL BE THE CATALYST FOR CHANGE IN THE COMMUNITY. WHENEVER NEEDS ARISE, THE FOUNDATION ACTS AS THE CONVENER TO THE INTERESTED PARTIES TO HELP FACILITATE CHANGE. SINCE THE FOUNDATION IS NOT POLITICAL, IT CAN STAY NEUTRAL IN MANY SITUATIONS.

    Expenses $148,600

As filed on the 2023 return.

Listed in Part VII

  • Sam St Clair

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Kathy Heuer

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.5

  • Joe Kessie

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Donald Armstrong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michelle Burch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Matt Dahms

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Gary Dillon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Todd Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rob Marr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Marcia McNagny

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Gloria Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Paula Worden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jacqueline Worrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • September McConnell

    EXECUTIVE DI

    Total calculated
    $110,857
    From this org
    $110,857
    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
2023
Filed
14 October 2024
IRS schema version
2023v5.0
Source object
202432989349301533

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

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