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Nonprofiteer
← BROWN COUNTY COMMUNITY FOUNDATION INC

Form 990 for tax year 2024

Filed by BROWN COUNTY COMMUNITY FOUNDATION INC.

Totals

Total revenue
$7,405,512
Total expenses
$2,700,706
Contributions and grants received
$2,975,524
Grants paid
$2,203,771
Program service revenue
$23,379
Investment income
$4,406,609
Other revenue
$0
Total assets, end of year
$18,956,323
Total liabilities, end of year
$1,140,298
Net assets or fund balances, end of year
$17,816,025
Program services expenses (Part IX)
$2,403,048
Management and general expenses
$174,553
Fundraising expenses
$123,105
Program service expenses (Part III)
$2,403,048

Program services were 89.0% 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.

  • 1e · Government grants (contributions)

    $82,086

  • 1f · All other contributions, gifts and grants

    $2,893,438

  • 1g · Noncash contributions included above

    $447,256

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $23,379 · related or exempt $23,379

  • 3 · Investment income

    total $533,101 · excluded $533,101

  • 7a · Gross sales of assets other than inventory

    securities $19,231,030

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

    securities $15,357,522

  • 7c · Gain or loss

    securities $3,873,508

  • 7d · Net gain or loss

    total $3,873,508 · excluded $3,873,508

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,136,904 · program services $2,136,904

  • 2 · Grants to domestic individuals

    total $66,867 · program services $66,867

  • 5 · Compensation of officers, directors and key employees

    total $83,800 · program services $32,369 · management and general $21,997 · fundraising $29,434

  • 7 · Other salaries and wages

    total $114,292 · program services $44,147 · management and general $30,001 · fundraising $40,144

  • 9 · Other employee benefits

    total $5,236 · program services $2,023 · management and general $1,374 · fundraising $1,839

  • 10 · Payroll taxes

    total $17,834 · program services $6,889 · management and general $4,681 · fundraising $6,264

  • 11f · Fees: investment management

    total $59,892 · program services $59,892

  • 11g · Fees: other

    total $130,373 · program services $18,461 · management and general $93,677 · fundraising $18,235

  • 12 · Advertising and promotion

    total $3,635 · fundraising $3,635

  • 13 · Office expenses

    total $11,063 · program services $3,651 · management and general $3,696 · fundraising $3,716

  • 16 · Occupancy

    total $19,842 · program services $4,762 · management and general $6,944 · fundraising $8,136

  • 17 · Travel

    total $2,502 · program services $826 · management and general $850 · fundraising $826

  • 19 · Conferences, conventions and meetings

    total $5,510 · program services $1,818 · management and general $1,874 · fundraising $1,818

  • 22 · Depreciation, depletion and amortization

    total $17,672 · program services $4,241 · management and general $6,185 · fundraising $7,246

  • 23 · Insurance

    total $1,997 · program services $479 · management and general $699 · fundraising $819

  • 24a · Other expenses: SPECIAL PROJECTS

    total $19,124 · program services $19,124

  • 24e · All other expenses

    total $4,163 · program services $595 · management and general $2,575 · fundraising $993

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $516,786 · end of year $738,909

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

    $618,797

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

    $186,018

  • 10c · Land, buildings and equipment, net

    beginning of year $450,451 · end of year $432,779

  • 11 · Investments: publicly traded securities

    beginning of year $15,806,311 · end of year $17,596,378

  • 15 · Other assets

    beginning of year $242,340 · end of year $188,257

  • 17 · Accounts payable and accrued expenses

    end of year $17,199

  • 18 · Grants payable

    beginning of year $34,250 · end of year $0

  • 19 · Deferred revenue

    beginning of year $29,707 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $1,072,062 · end of year $1,123,099

  • 25 · Other liabilities

    beginning of year $48,590 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,115,042 · end of year $1,192,509

  • 28 · Net assets with donor restrictions

    beginning of year $14,716,237 · end of year $16,623,516

Mission and programs · 2024

Mission

THE BROWN COUNTY COMMUNITY FOUNDATION INSPIRES CHARITABLE GIVING, BRINGS PEOPLE AND RESOURCES TOGETHER, AND FACILITATES INVESTMENT TO MEET THE GREATEST NEEDS OF OUR COUNTY.

  • THE BCCF GRANTS PROGRAM CREATES PARTNERSHIPS BY ENHANCING QUALITY OF LIFE ISSUES WITH FINANCIAL GRANTS ASSISTANCE. THE VISIBILITY AND SUCCESS OF THESE GRANT PROJECTS ATTRACT NEW ENDOWMENT FUNDS. THE PURPOSE OF THE BCCF GRANTS PROGRAM IS TO FINANCIALLY SUPPORT LOCAL NON-PROFIT AGENCIES (AND A FEW OUT OF STATE) BY AN ANNUAL COMPETITIVE GRANT CYCLE, SIMILAR TO THE BCCF SCHOLARSHIP PROGRAM. FROM A DIRECT MAILING, MARKETING AND NETWORKING METHODS, POTENTIAL GRANTEES ARE NOTIFIED OF THE CYCLE DATES WHICH WAS APPROVED BY THE FULL BOARD. ALL CONFLICTS OF INTEREST ARE DULY NOTED AND RECORDED.

    Expenses $2,336,181 · Grants $2,136,904 · Revenue $23,379

  • THE OBJECTIVE OF BCCF SCHOLARSHIP PROGRAM IS TO NOT ONLY ENHANCE SCHOLARSHIP RECIPIENTS QUALITY OF LIFE DUE TO HIGHER EDUCATION OPPORTUNITIES, BUT ALSO TO SERVE BCCF DONORS PHILANTHROPIC ENDEAVORS WITH SCHOLARSHIP ENDOWMENTS. THERE WERE 38 SCHOLARSHIPS AWARDED IN 2024 FOR A TOTAL OF $66,867. THESE SCHOLARSHIPS PROVIDE FINANCIAL AID FOR DESERVING STUDENTS TO ATTEND AND/OR GRADUATE FROM A COLLEGE OR UNIVERSITY OR TRADE SCHOOL. FROM ENDOWED OR NON-PERMANENT FUNDS ANNUAL MONIES ARE MADE AVAILABLE AND THROUGH FOUNDATION MARKETING AND NETWORKING POTENTIAL APPLICANTS ARE MADE AWARE OF THE SELECTION PROCESS. A SCHOLARSHIP ORIENTATION FOR ALL PARENTS AND/OR STUDENTS IS FACILITATED BY THE BCCF DEVELOPMENT AND PROGRAM ASSISTANT AND BCCF SCHOLARSHIP COMMITTEE CHAIR WHERE APPLICATION BOOKLETS ARE DISTRIBUTED. UPON RECEIPT OF ALL APPLICATIONS, A BLIND PROCESS BEGINS WITH A BOARD APPROVED COMMITTEE.

    Expenses $66,867 · Grants $66,867

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bill Walters

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • David Phelps

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Debbie Kelley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Dwight Thompson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Kerry Ridge

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Kevin McCracken

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Phil McKown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Victor Bongard III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Laurie Teal

    CHAIR - PART YEAR

    Total calculated
    $0
    Hours/week
    10

  • John Elliott

    VICE CHAIR/CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Terry Norman

    TREASURER

    Total calculated
    $0
    Hours/week
    20

  • Rachel Perry

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Alice Susemichel

    CEO

    Total calculated
    $83,800
    From this org
    $82,500
    From related orgs
    $0
    Other
    $1,300
    Hours/week
    50

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
30 April 2025
IRS schema version
2024v5.1
Source object
202521289349304022

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

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