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← COMMUNITY FOUNDATION OF ELKHART COUNTY INC

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATION OF ELKHART COUNTY INC.

Totals

Total revenue
$58,848,264
Total expenses
$32,696,199
Contributions and grants received
$38,589,423
Grants paid
$27,633,433
Program service revenue
$27,881
Investment income
$20,230,960
Other revenue
$0
Total assets, end of year
$461,316,930
Total liabilities, end of year
$48,825,235
Net assets or fund balances, end of year
$412,491,695
Program services expenses (Part IX)
$30,393,815
Management and general expenses
$1,606,387
Fundraising expenses
$695,997
Program service expenses (Part III)
$30,393,815

Program services were 93.0% 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

    $300,000

  • 1f · All other contributions, gifts and grants

    $38,289,423

  • 1g · Noncash contributions included above

    $11,124,568

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $27,881 · related or exempt $27,881

  • 3 · Investment income

    total $9,293,313 · unrelated business -$324,792 · excluded $9,618,105

  • 7a · Gross sales of assets other than inventory

    securities $96,172,702 · other assets $140

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

    securities $85,235,195 · other assets $0

  • 7c · Gain or loss

    securities $10,937,507 · other assets $140

  • 7d · Net gain or loss

    total $10,937,647 · excluded $10,937,647

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,393,090 · program services $25,393,090

  • 2 · Grants to domestic individuals

    total $2,240,343 · program services $2,240,343

  • 5 · Compensation of officers, directors and key employees

    total $506,490 · program services $217,556 · management and general $216,968 · fundraising $71,966

  • 7 · Other salaries and wages

    total $1,590,352 · program services $683,113 · management and general $681,269 · fundraising $225,970

  • 8 · Pension plan contributions

    total $76,533 · program services $32,874 · management and general $32,785 · fundraising $10,874

  • 9 · Other employee benefits

    total $159,184 · program services $68,375 · management and general $68,191 · fundraising $22,618

  • 10 · Payroll taxes

    total $141,889 · program services $61,012 · management and general $61,012 · fundraising $19,865

  • 11b · Fees: legal

    total $1,840 · program services $434 · management and general $1,125 · fundraising $281

  • 11c · Fees: accounting

    total $48,846 · program services $11,529 · management and general $29,864 · fundraising $7,453

  • 11f · Fees: investment management

    total $991,767 · program services $991,767

  • 11g · Fees: other

    total $24,067 · program services $5,681 · management and general $14,714 · fundraising $3,672

  • 12 · Advertising and promotion

    total $265,307 · program services $79,592 · management and general $106,123 · fundraising $79,592

  • 13 · Office expenses

    total $81,806 · program services $35,034 · management and general $34,080 · fundraising $12,692

  • 14 · Information technology

    total $212,711 · program services $50,206 · management and general $130,048 · fundraising $32,457

  • 16 · Occupancy

    total $217,936 · program services $93,712 · management and general $93,713 · fundraising $30,511

  • 17 · Travel

    total $83,154 · program services $24,221 · management and general $24,221 · fundraising $34,712

  • 19 · Conferences, conventions and meetings

    total $41,816 · program services $10,248 · management and general $28,231 · fundraising $3,337

  • 22 · Depreciation, depletion and amortization

    total $131,641 · program services $56,606 · management and general $56,606 · fundraising $18,429

  • 23 · Insurance

    total $38,399 · program services $16,512 · management and general $16,512 · fundraising $5,375

  • 24a · Other expenses: PROGRAMS AND EVENTS

    total $327,752 · program services $310,239 · fundraising $17,513

  • 24b · Other expenses: DONOR DEVELOPMENT

    total $87,046 · management and general $4,038 · fundraising $83,008

  • 24c · Other expenses: SCHOLARSHIP ADMIN EXPEN

    total $10,624 · program services $10,624

  • 24e · All other expenses

    total $23,606 · program services $1,047 · management and general $6,887 · fundraising $15,672

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $134 · end of year $143

  • 2 · Savings and temporary cash investments

    beginning of year $9,200,604 · end of year $10,766,111

  • 4 · Accounts receivable

    beginning of year $0 · end of year $3,445

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $882,093

  • 9 · Prepaid expenses and deferred charges

    beginning of year $82,910 · end of year $87,025

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

    $1,280,631

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

    $424,407

  • 10c · Land, buildings and equipment, net

    beginning of year $911,920 · end of year $856,224

  • 11 · Investments: publicly traded securities

    beginning of year $236,827,093 · end of year $281,758,237

  • 12 · Investments: other securities

    beginning of year $156,029,953 · end of year $164,851,633

  • 15 · Other assets

    beginning of year $2,034,579 · end of year $2,112,019

  • 17 · Accounts payable and accrued expenses

    beginning of year $351,246 · end of year $425,466

  • 18 · Grants payable

    beginning of year $3,906,391 · end of year $2,751,765

  • 21 · Escrow or custodial account liability

    beginning of year $40,343,896 · end of year $43,842,226

  • 25 · Other liabilities

    beginning of year $1,929,218 · end of year $1,805,778

  • 27 · Net assets without donor restrictions

    beginning of year $4,523,544 · end of year $4,686,540

  • 28 · Net assets with donor restrictions

    beginning of year $354,032,898 · end of year $407,805,155

Mission and programs · 2023

Mission

TO IMPROVE THE QUALITY OF LIFE IN ELKHART COUNTY BY INSPIRING GENEROSITY

  • THE COMMUNITY FOUNDATION OF ELKHART COUNTY (CFEC) WAS ESTABLISHED IN 1988 TO INSPIRE PEOPLE TO MAKE CHARITABLE GIFTS THAT IMPROVE THE QUALITY OF LIFE IN ELKHART COUNTY. AS A TAX-EXEMPT ORGANIZATION, CFEC HELPS INDIVIDUALS AND ORGANIZATIONS WITH CHARITABLE GIVING THROUGH THE MANAGEMENT OF BOTH ENDOWED AND NON-ENDOWED FUNDS, PRIMARILY WORKING WITH DONORS AND GRANTEES WITH TIES TO THE COUNTY. GRANTS FROM RESTRICTED FUNDS ARE ISSUED IN ACCORDANCE WITH THE TERMS ESTABLISHED IN THE RESPECTIVE GOVERNING FUND AGREEMENT. MOST OF THESE GRANTS ARE TO LOCAL TAX-EXEMPT ORGANIZATIONS AND SPAN A WIDE ARRAY OF CHARITABLE CAUSES, INCLUDING ARTS & CULTURE, COMMUNITY DEVELOPMENT, EDUCATION & YOUTH DEVELOPMENT, HEALTH & HUMAN SERVICES, RELIGIOUS INSTITUTIONS, AND SCHOLARSHIPS. CFEC ALSO MAINTAINS AN UNRESTRICTED FUND. THE BOARD PRIMARILY USES THE UNRESTRICTED FUND TO SUPPORT ITS THREE FOCUS AREAS IN SERVICE TO THE COUNTY: CAREER PATHWAYS, KIDS & FAMILY, AND PLACEMAKING. INITIATIVE WORK IS TAKING PLACE, OR HAS BEEN STARTED, WITHIN EACH FOCUS AREA. CAREER PATHWAYS: INITIATIVE WORK IS STILL BEING CONCEPTUALIZED. AS PART OF ITS WORK, THIS GROUP ALSO SERVES AS THE LOCAL ADMINISTRATOR FOR THE LILLY ENDOWMENT COMMUNITY SCHOLARSHIP.KIDS & FAMILY: THE INITIATIVE WORK, KNOWN AS BUILDING STRONG BRAINS, ELKHART COUNTY'S EARLY CHILDHOOD INITIATIVE, INVOLVES WORKING WITH A COALITION OF PARTNERS TO SHIFT THE EARLY CHILDHOOD SYSTEM TOWARDS BETTER OUTCOMES FOR YOUNG CHILDREN AND THEIR FAMILIES IN THE AREAS OF MATERNAL & CHILD HEALTH, QUALITY CHILDCARE & EARLY LEARNING ENVIRONMENTS, AND COMMUNITY & FAMILY SUPPORTS. PARTNERS IN THE INITIATIVE WORK INCLUDE A CROSS SECTION OF HEALTH, NONPROFIT, CHILDCARE & EDUCATION PROVIDERS, BUSINESS, AND COMMUNITY COLLABORATORS.PLACEMAKING: THIS INITIATIVE IS FOCUSED ON INCREASING THE COUNTY'S TRAIL NETWORK FROM ITS CURRENT 68 MILES TO 130 MILES OVER THE NEXT 10 YEARS, DRIVEN BY THE BELIEF THAT TRAILS PROVIDE AN INFRASTRUCTURE FOR RECREATION AND EVERYDAY NEEDS, BUILD BETTER CONNECTED COMMUNITIES, AND ENHANCE THE OVERALL QUALITY OF LIFE WITHIN THE COUNTY. THE INITIATIVE INVOLVES COLLABORATIVE WORK WITH ELECTED OFFICIALS, MUNICIPAL & COUNTY STAFF, ENTHUSIASTS, CORPORATE CITIZENS, AND COMMUNITY MEMBERS. ADDITIONAL ONGOING SERVICES CFEC OFFERS TO THE COMMUNITY INCLUDE:ACTS OF SERVICE: THIS IS A COMMUNITY SERVICE HUB THAT HELPS MATCH THE NEEDS OF NONPROFIT ORGANIZATIONS WITH THE WILLING HANDS OF INDIVIDUAL VOLUNTEERS AND COMMUNITY PARTNERS, WHICH INCLUDES WORKING WITH LOCAL BUSINESSES ON ESTABLISHING/MAINTAINING EMPLOYEE VOLUNTEER PROGRAMS.THE LEARNING CENTER: AN INITIATIVE DEDICATED TO PROVIDING QUALITY LEARNING OPPORTUNITIES FOR NONPROFIT LEADERS IN CFEC'S SERVICE AREA. THESE LEARNING OPPORTUNITIES ARE FOCUSED ON PLANNING, FUNDRAISING, STRATEGIC PLANNING, BOARD DEVELOPMENT, AND FINANCIAL MANAGEMENT. THESE LEARNING OPPORTUNITIES ARE GEARED SPECIFICALLY TO NONPROFIT LEADERS TO ASSIST THEM IN ADVANCING THEIR MISSIONS.

    Expenses $30,393,815 · Grants $27,633,433 · Revenue $27,881

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Becky Bontreger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Galen Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Isaac Torres

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jan Farron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Liechty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ken Julian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kerri Ritchie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ola Yoder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Raquel Espinosa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Derald Bontrager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Theresa Gunden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bj Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angie Eggering

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Ivory

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kurt Janowsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Morrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cien Asoera

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • David Weaver

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Deb Beaverson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Todd Cleveland

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Peter L McCown

    PRESIDENT

    Total calculated
    $284,639
    From this org
    $229,109
    From related orgs
    $0
    Other
    $55,530
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,909
    Bonus
    $0
    Other
    $1,200
    Deferred
    $12,375
    Nontaxable benefits
    $43,155
    Filer's total
    $284,639

  • Cole Patuzzi

    CFO

    Total calculated
    $177,949
    From this org
    $160,333
    From related orgs
    $0
    Other
    $17,616
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,392
    Bonus
    $13,241
    Other
    $1,700
    Deferred
    $8,162
    Nontaxable benefits
    $9,454
    Filer's total
    $177,949

  • Candace Yoder

    EMPLOYEE

    Total calculated
    $138,452
    From this org
    $130,105
    From related orgs
    $0
    Other
    $8,347
    Hours/week
    40

  • Brian Cook

    EMPLOYEE

    Total calculated
    $125,433
    From this org
    $114,008
    From related orgs
    $0
    Other
    $11,425
    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. 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

  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
ON OCCASION, THE PRESIDENT'S SPOUSE WILL ACCOMPANY HIM ON DONOR RELATIONSHIP BUILDING TRIPS AND DINNERS. THE PRESIDENT AND CFO ARE MEMBERS OF SERVICE CLUBS (ROTARY) AND THE COMMUNITY FOUNDATION PAYS THEIR DUES. THIS IS NOT TAXABLE COMPENSATION TO THE PRESIDENT AND CFO.
PART I, LINE 7
THE BOARD OF DIRECTORS OR PRESIDENT MAY AT TIMES AWARD COMPENSATION ON A DISCRETIONARY BASIS AS A MEANS OF RECOGNIZING AN EMPLOYEES WORK.

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.

  • ECCF HOLDINGS INC

    501(C)3 · COMMUNITY DEVELOPMENT · IN · controlled entity

    Directly controlled by COMMUNITY FOUNDATION OF ELKHART COUNTY

  • ELKHART HEALTH FITNESS AND AQUATICS INC

    501(C)3 · PROMOTE HEALTH AND WELLNESS AND ENHANCE THE COMMUNITY · IN · controlled entity

    Directly controlled by COMMUNITY FOUNDATION OF ELKHART COUNTY

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE LEAD UNITRUST

    T · TRUST · IN

  • CHARITABLE REMAINDER TRUST

    T · TRUST · IN

Provenance

Return type
form_990
Tax year
2023
Filed
22 April 2025
IRS schema version
2023v6.0
Source object
202501139349300910

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

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