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Nonprofiteer
← MARION COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by MARION COMMUNITY FOUNDATION.

Totals

Total revenue
$7,081,739
Total expenses
$3,522,139
Contributions and grants received
$2,571,678
Grants paid
$2,465,006
Program service revenue
$0
Investment income
$4,420,760
Other revenue
$89,301
Total assets, end of year
$74,988,351
Total liabilities, end of year
$6,667,514
Net assets or fund balances, end of year
$68,320,837
Program services expenses (Part IX)
$3,072,724
Management and general expenses
$338,666
Fundraising expenses
$110,749
Program service expenses (Part III)
$3,072,724

Program services were 87.2% 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.

  • 1f · All other contributions, gifts and grants

    $2,571,678

  • 1g · Noncash contributions included above

    $181,729

  • 3 · Investment income

    total $1,899,330 · related or exempt $1,899,330

  • 7a · Gross sales of assets other than inventory

    other assets $2,521,430

  • 7c · Gain or loss

    other assets $2,521,430

  • 7d · Net gain or loss

    total $2,521,430 · related or exempt $2,521,430

  • 11a · Other revenue: OTHER INCOME

    total $89,301 · related or exempt $89,301

  • 11e · Other revenue, total

    $89,301

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,465,006 · program services $2,465,006

  • 7 · Other salaries and wages

    total $439,326 · program services $185,956 · management and general $191,841 · fundraising $61,529

  • 9 · Other employee benefits

    total $40,484 · program services $24,793 · management and general $11,727 · fundraising $3,964

  • 10 · Payroll taxes

    total $35,939 · program services $15,212 · management and general $15,694 · fundraising $5,033

  • 11g · Fees: other

    total $37,560 · management and general $37,560

  • 12 · Advertising and promotion

    total $22,813 · program services $22,813

  • 13 · Office expenses

    total $16,347 · program services $11,443 · management and general $4,087 · fundraising $817

  • 14 · Information technology

    total $65,156 · program services $45,609 · management and general $16,289 · fundraising $3,258

  • 16 · Occupancy

    total $18,896 · program services $13,227 · management and general $4,724 · fundraising $945

  • 17 · Travel

    total $64 · program services $45 · management and general $16 · fundraising $3

  • 22 · Depreciation, depletion and amortization

    total $2,552 · management and general $2,552

  • 23 · Insurance

    total $11,559 · program services $8,091 · management and general $2,890 · fundraising $578

  • 24a · Other expenses: INVESTMENT FEES

    total $334,923 · program services $267,939 · management and general $33,492 · fundraising $33,492

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $13,924 · program services $9,747 · management and general $3,481 · fundraising $696

  • 24c · Other expenses: OTHER

    total $13,701 · program services $120 · management and general $13,341 · fundraising $240

  • 24d · Other expenses: PROFESSIONAL DEVELOPMENT

    total $3,889 · program services $2,723 · management and general $972 · fundraising $194

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,595,190 · end of year $3,518,365

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,435 · end of year $12,059

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

    $46,089

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

    $44,041

  • 10c · Land, buildings and equipment, net

    beginning of year $4,600 · end of year $2,048

  • 11 · Investments: publicly traded securities

    beginning of year $64,031,724 · end of year $71,455,879

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,450 · end of year $20,112

  • 18 · Grants payable

    beginning of year $635,273 · end of year $620,287

  • 25 · Other liabilities

    beginning of year $5,572,093 · end of year $6,027,115

  • 27 · Net assets without donor restrictions

    beginning of year $61,412,133 · end of year $68,320,837

Mission and programs · 2024

Mission

THE MISSION OF MARION COMMUNITY FOUNDATION IS TO CONTINUALLY IMPROVE THE MARION AREA COMMUNITY THROUGH PHILANTHROPY, LEADERSHIP, AND CIVIC ENGAGEMENT.

  • GRANT PROGRAM. CONSISTENT WITH THE ORGANIZATION'S MISSION, EACH YEAR GRANTS ARE AWARDED THROUGH A GRANT APPLICATION PROCESS FROM THE ORGANIZATION'S ENDOWMENT FUNDS IN ACCORDANCE WITH THE ORGANIZATION'S SPENDING POLICY AND THE WISHES OF THE DONORS.

    Expenses $2,171,429 · Grants $1,695,085

  • SCHOLORSHIP PROGRAM. EACH YEAR SCHOLARSHIPS ARE AWARDED FROM FIELD OF INTEREST ENDOWED AND NONENDOWED FUNDS TO VARIOUS STUDENTS MEETING THE QUALIFYING CRITERIA SET FORTH IN THE FUND DOCUMENTS. THE SCHOLARSHIP COMMITTEE, ALONG WITH DONOR SELECTION COMMITTEES, REVIEW THE APPLICATIONS AND RECOMMEND THE ACCEPTABLE RECEIPENTS. FINALLY THE BOARD OF TRUSTEES APPROVES THE SCHOLARSHIPS AND THE SCHOLARSHIPS ARE AWARDED.

    Expenses $901,295 · Grants $769,921

As filed on the 2024 return.

Listed in Part VII

  • Julie Prettyman

    PRESIDENT/CE

    Total calculated
    $130,590
    From this org
    $122,500
    From related orgs
    $0
    Other
    $8,090
    Hours/week
    40
  • Dr Deepika Bathini

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kathleen Clark

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Joanne Demo-Hodgins

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Matthew Frericks

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Jessa Gary

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Grant Gates

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Jacob Johnston

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Scott Knowles

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Lawson

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Spencer Mathews

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Ryan McCall

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jacqueline Peterson

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Thomas Schifer

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Erin Slater

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kevin Smith

    CHAIR

    Total calculated
    $0
    Hours/week
    1

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
18 December 2025
IRS schema version
2024v5.0
Source object
202513569349301201

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

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