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Nonprofiteer
← BENTON COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by BENTON COMMUNITY FOUNDATION INC.

Totals

Total revenue
$786,179
Total expenses
$655,479
Contributions and grants received
$358,519
Grants paid
$398,997
Program service revenue
$6,500
Investment income
$421,160
Other revenue
$0
Total assets, end of year
$9,422,642
Total liabilities, end of year
$279,918
Net assets or fund balances, end of year
$9,142,724
Program services expenses (Part IX)
$486,647
Management and general expenses
$146,018
Fundraising expenses
$22,814
Program service expenses (Part III)
$486,647

Program services were 74.2% 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

    $358,519

  • 1g · Noncash contributions included above

    $4,043

  • 2a · Program service revenue: MGMT/ADMIN FEE INCOME:LILLY S

    total $6,500 · related or exempt $6,500

  • 3 · Investment income

    total $384,058 · excluded $384,058

  • 7a · Gross sales of assets other than inventory

    securities $864,707

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

    securities $827,605

  • 7c · Gain or loss

    securities $37,102

  • 7d · Net gain or loss

    total $37,102 · excluded $37,102

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $243,327 · program services $243,327

  • 2 · Grants to domestic individuals

    total $155,670 · program services $155,670

  • 5 · Compensation of officers, directors and key employees

    total $66,315 · program services $25,115 · management and general $19,224 · fundraising $21,976

  • 7 · Other salaries and wages

    total $45,747 · program services $9,350 · management and general $36,397

  • 9 · Other employee benefits

    total $1,793 · management and general $1,793

  • 10 · Payroll taxes

    total $9,401 · program services $1,257 · management and general $7,306 · fundraising $838

  • 11c · Fees: accounting

    total $14,900 · management and general $14,900

  • 11f · Fees: investment management

    total $24,474 · management and general $24,474

  • 12 · Advertising and promotion

    total $1,689 · program services $216 · management and general $1,473

  • 13 · Office expenses

    total $6,415 · program services $24 · management and general $6,391

  • 14 · Information technology

    total $15,832 · management and general $15,832

  • 16 · Occupancy

    total $4,043 · management and general $4,043

  • 17 · Travel

    total $701 · management and general $701

  • 19 · Conferences, conventions and meetings

    total $50 · management and general $50

  • 22 · Depreciation, depletion and amortization

    total $3,453 · management and general $3,453

  • 23 · Insurance

    total $6,109 · program services $525 · management and general $5,584

  • 24a · Other expenses: PROGRAM EXPENSE

    total $33,079 · program services $29,998 · management and general $3,081

  • 24b · Other expenses: EVENT EXPENSES

    total $19,961 · program services $18,902 · management and general $1,059

  • 24c · Other expenses: PLANNING GRANT EXPENSE

    total $1,500 · program services $1,500

  • 24d · Other expenses: ONLINE FEES

    total $803 · program services $726 · management and general $77

  • 24e · All other expenses

    total $217 · program services $37 · management and general $180

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $116,945 · end of year $164,036

  • 2 · Savings and temporary cash investments

    beginning of year $684,730 · end of year $416,113

  • 4 · Accounts receivable

    beginning of year $1,200 · end of year $4,259

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,055 · end of year $4,634

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

    $23,473

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

    $17,233

  • 10c · Land, buildings and equipment, net

    beginning of year $9,694 · end of year $6,240

  • 11 · Investments: publicly traded securities

    beginning of year $7,635,557 · end of year $8,827,360

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,014 · end of year $36,912

  • 18 · Grants payable

    beginning of year $164,362 · end of year $194,506

  • 19 · Deferred revenue

    end of year $48,500

  • 27 · Net assets without donor restrictions

    beginning of year $4,507,294 · end of year $4,996,549

  • 28 · Net assets with donor restrictions

    beginning of year $3,757,511 · end of year $4,146,175

Mission and programs · 2023

Mission

THE MISSION OF BENTON COMMUNITY FOUNDATION IS TO ENHANCE THE QUALITY OF LIFE IN BENTON COUNTY THROUGH CIVIC LEADERSHIP, PHILANTHROPY, AND CHARITABLE ECONOMIC DEVELOPMENT INITIATIVES.

  • COMMUNITY GRANTS - PROVIDE GRANTS AND TECHNICAL ASSISTANCE TO IMPROVE THE LIVES OF BENTON COUNTY RESIDENTS. THESE COMMUNITY GRANTS INCLUDE THE DOLLY PARTON IMAGINATION LIBRARY WHICH INCREASES LITERACY FOR NEARLY 200 TODDLERS IN BENTON COUNTY AND THE COUNCIL FOR ACADEMIC EXCELLENCE WHICH AWARDS 500 SCHOLARSHIPS FOR STUDENTS FOR EXCELLENT ACADEMIC ACHIEVEMENT.

    Expenses $486,647 · Grants $398,997 · Revenue $6,500

As filed on the 2023 return.

Listed in Part VII

  • Kathleen McGinnis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.7

  • Curt Puetz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.7

  • John Kretzmeier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.7

  • Robert Hasser

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.7

  • Joe Senesac

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.7

  • Samantha Tabert

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.7

  • Alice Thurston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.7

  • Christie Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.7

  • Sara Weber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.7

  • Andrea Bowman

    EXECUTIVE DI

    Total calculated
    $66,315
    From this org
    $63,788
    From related orgs
    $0
    Other
    $2,527
    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
24 October 2024
IRS schema version
2023v5.0
Source object
202413029349301951

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

The source document this was parsed from is served over the API, which is where bulk and document access live.