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← OWEN COUNTY COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by OWEN COUNTY COMMUNITY FOUNDATION.

Totals

Total revenue
$1,637,876
Total expenses
$997,237
Contributions and grants received
$1,534,211
Grants paid
$610,707
Program service revenue
$1,075
Investment income
$102,693
Other revenue
-$103
Total assets, end of year
$12,582,078
Total liabilities, end of year
$409,786
Net assets or fund balances, end of year
$12,172,292
Program services expenses (Part IX)
$729,930
Management and general expenses
$123,443
Fundraising expenses
$143,864
Program service expenses (Part III)
$729,930

Program services were 73.2% 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.

  • 1c · Fundraising events

    $24,408

  • 1f · All other contributions, gifts and grants

    $1,509,803

  • 1g · Noncash contributions included above

    $952,085

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $1,075 · related or exempt $1,075

  • 3 · Investment income

    total $499,823 · excluded $499,823

  • 7a · Gross sales of assets other than inventory

    securities $868,709

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

    securities $1,265,839

  • 7c · Gain or loss

    securities -$397,130

  • 7d · Net gain or loss

    total -$397,130 · excluded -$397,130

  • 8a · Fundraising events: gross income

    $8,182

  • 8a · Fundraising events: contributions included on line 1c

    $24,408

  • 8b · Fundraising events: direct expenses

    $8,285

  • 8c · Net income from fundraising events

    total -$103 · excluded -$103

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $478,407 · program services $478,407

  • 2 · Grants to domestic individuals

    total $132,300 · program services $132,300

  • 5 · Compensation of officers, directors and key employees

    total $97,057 · program services $26,205 · management and general $30,088 · fundraising $40,764

  • 7 · Other salaries and wages

    total $103,885 · program services $28,049 · management and general $32,204 · fundraising $43,632

  • 9 · Other employee benefits

    total $34,178 · program services $9,228 · management and general $10,595 · fundraising $14,355

  • 10 · Payroll taxes

    total $15,251 · program services $4,118 · management and general $4,728 · fundraising $6,405

  • 11f · Fees: investment management

    total $30,109 · program services $30,109

  • 11g · Fees: other

    total $37,247 · management and general $29,798 · fundraising $7,449

  • 12 · Advertising and promotion

    total $2,513 · program services $628 · fundraising $1,885

  • 13 · Office expenses

    total $20,019 · program services $4,882 · management and general $2,415 · fundraising $12,722

  • 16 · Occupancy

    total $19,211 · program services $6,340 · management and general $6,369 · fundraising $6,502

  • 17 · Travel

    total $852 · program services $384 · management and general $85 · fundraising $383

  • 19 · Conferences, conventions and meetings

    total $1,972 · program services $592 · management and general $394 · fundraising $986

  • 22 · Depreciation, depletion and amortization

    total $7,601 · program services $2,509 · management and general $2,508 · fundraising $2,584

  • 23 · Insurance

    total $7,473 · program services $2,467 · management and general $2,540 · fundraising $2,466

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $4,050 · program services $2,025 · fundraising $2,025

  • 24b · Other expenses: MISCELLANEOUS

    total $3,248 · program services $1,072 · management and general $1,104 · fundraising $1,072

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $1,864 · program services $615 · management and general $615 · fundraising $634

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $181,813 · end of year $176,560

  • 2 · Savings and temporary cash investments

    beginning of year $74,638 · end of year $63,987

  • 3 · Pledges and grants receivable

    beginning of year $35,326 · end of year $0

  • 4 · Accounts receivable

    beginning of year $306 · end of year $0

  • 7 · Other notes and loans receivable

    end of year $83,000

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

    $52,572

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

    $35,782

  • 10c · Land, buildings and equipment, net

    beginning of year $24,391 · end of year $16,790

  • 11 · Investments: publicly traded securities

    beginning of year $9,802,752 · end of year $12,062,610

  • 15 · Other assets

    beginning of year $188,805 · end of year $179,131

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,735 · end of year $7,008

  • 18 · Grants payable

    beginning of year $22,898 · end of year $51,084

  • 21 · Escrow or custodial account liability

    beginning of year $43,473 · end of year $69,528

  • 23 · Secured mortgages and notes payable

    end of year $41,500

  • 25 · Other liabilities

    beginning of year $236,254 · end of year $240,666

  • 27 · Net assets without donor restrictions

    beginning of year $740,707 · end of year $797,450

  • 28 · Net assets with donor restrictions

    beginning of year $9,261,964 · end of year $11,374,842

Mission and programs · 2023

Mission

THE OWEN COUNTY COMMUNITY FOUNDATION IS COMMITTED TO HELP MAKE OUR COMMUNITIES BECOME BETTER PLACES TO GROW, WORK, AND LIVE. THE FOUNDATION ALSO MATCHES DONORS WITH NEEDS IN OWEN COUNTY.

Activities or mission (Part I)

THE OWEN COUNTY COMMUNITY FOUNDATION IS COMMITTED TO ENHANCING THE QUALITY OF LIFE FOR ALL CITIZENS OF OWEN COUNTY, NOW AND FOR GENERATIONS TO COME. TO BE THE TRUSTWORTHY RESOURCE FOR PHILANTHROPY BY BUILDING A PERMANENT ENDOWMENT, ADDRESSING NEEDS THROUGH GRANTMAKING, AND PROVIDING LEADERSHIP RESOURCES TO SERVE OUR COMMUNITY.

  • GRANTS AND SCHOLARSHIPS: ACHIEVEMENT OF THIS PROGRAM'S PURPOSE PROVIDES SUPPORT FOR ORGANIZATIONS PERFORMING CHARITABLE WORK IN OWEN COUNTY TO HELP MAKE OUR COMMUNITIES BECOME BETTER PLACES TO GROW, WORK AND LIVE AS WELL AS TO HELP THESE GROUPS REMAIN RELEVANT OVER TIME AND RESPONSIVE TO CHANGING CIRCUMSTANCES. SCHOLARSHIP GRANTS TO INDIVIDUALS HELP STUDENTS PURSUE THEIR ACADEMIC GOALS AND HELP RAISE THE LEVEL OF EDUCATIONAL ATTAINMENT IN OWEN COUNTY.

    Expenses $729,930 · Grants $610,707 · Revenue $1,075

As filed on the 2023 return.

Listed in Part VII

  • Ashley Fleetwood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carol Tucker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Danielle Conner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dave Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ed Staubach

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Grant Minnemeyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jessica Brinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michelle Deford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Sudol

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susan Elkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tamra Ranard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tom Wallace

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Ronda Stogsdill

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Kaye Erney

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Amber Mullin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Janet Rummel

    PRESIDENT/CEO

    Total calculated
    $97,057
    From this org
    $97,057
    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
7 November 2024
IRS schema version
2023v5.1
Source object
202433129349302808

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

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