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Nonprofiteer
← COMMUNITY FOUNDATION OF MORGAN COUNTY INC

Form 990 for tax year 2024

Filed by COMMUNITY FOUNDATION OF MORGAN COUNTY INC.

Totals

Total revenue
$3,346,729
Total expenses
$1,447,861
Contributions and grants received
$2,156,729
Grants paid
$479,751
Program service revenue
$282,265
Investment income
$907,735
Other revenue
$0
Total assets, end of year
$13,499,689
Total liabilities, end of year
$1,285,949
Net assets or fund balances, end of year
$12,213,740
Program services expenses (Part IX)
$1,050,744
Management and general expenses
$314,240
Fundraising expenses
$82,877
Program service expenses (Part III)
$1,050,744

Program services were 72.6% 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

    $2,156,729

  • 1g · Noncash contributions included above

    $6,835

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $282,265 · related or exempt $282,265

  • 3 · Investment income

    total $288,405 · excluded $288,405

  • 7a · Gross sales of assets other than inventory

    securities $930,253

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

    securities $310,923

  • 7c · Gain or loss

    securities $619,330

  • 7d · Net gain or loss

    total $619,330 · related or exempt $619,330

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $342,551 · program services $342,551

  • 2 · Grants to domestic individuals

    total $137,200 · program services $137,200

  • 5 · Compensation of officers, directors and key employees

    total $259,400 · program services $108,948 · management and general $85,602 · fundraising $64,850

  • 9 · Other employee benefits

    total $16,798 · program services $7,055 · management and general $5,543 · fundraising $4,200

  • 10 · Payroll taxes

    total $20,069 · program services $8,429 · management and general $6,623 · fundraising $5,017

  • 11c · Fees: accounting

    total $24,870 · management and general $24,870

  • 11f · Fees: investment management

    total $64,436 · management and general $64,436

  • 12 · Advertising and promotion

    total $2,205 · management and general $2,205

  • 13 · Office expenses

    total $4,296 · management and general $4,296

  • 16 · Occupancy

    total $10,491 · management and general $10,491

  • 17 · Travel

    total $2,753 · management and general $2,753

  • 22 · Depreciation, depletion and amortization

    total $6,225 · management and general $6,225

  • 23 · Insurance

    total $6,774 · management and general $6,774

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $246,369 · program services $246,369

  • 24b · Other expenses: PROGRAM EXPENSE

    total $200,192 · program services $200,192

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $57,836 · management and general $57,836

  • 24d · Other expenses: COMPUTER, SOFTWARE, AND

    total $24,471 · management and general $24,471

  • 24e · All other expenses

    total $20,925 · management and general $12,115 · fundraising $8,810

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,859,522 · end of year $3,118,036

  • 9 · Prepaid expenses and deferred charges

    end of year $500

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

    $30,639

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

    $29,297

  • 10c · Land, buildings and equipment, net

    beginning of year $7,567 · end of year $1,342

  • 11 · Investments: publicly traded securities

    beginning of year $9,303,517 · end of year $10,379,811

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,959 · end of year $14,080

  • 21 · Escrow or custodial account liability

    beginning of year $1,306,170 · end of year $1,271,869

  • 27 · Net assets without donor restrictions

    beginning of year $9,845,477 · end of year $12,213,740

Mission and programs · 2024

Mission

THE COMMUNITY FOUNDATION OF MORGAN COUNTY, INC. WORKS WITH OUR CITIZENS TO ENHANCE THE QUALITY OF LIFE FOR CURRENT AND FUTURE GENERATIONS OF MORGAN COUNTY, INDIANA. WE ACCEPT GIFTS, MANAGE FINANCIAL RESOURCES, MAKE GRANTS, AND PROVIDE SCHOLARSHIPS.

Activities or mission (Part I)

COMMUNITY SERVICE AND PUBLIC CHARITY INCLUDING GRANTS AND SCHOLARSHIPS.

  • PART OF OUR ROLE IN HELPING CHARITIES AND NON-PROFIT GROUPS IN MORGAN COUNTY IS TO MANAGE NON-PERMANENT FUNDS TO AID THEM IN THEIR WORK. HELPING OTHER CHARITIES HELPS FURTHER THE MISSION OF THE COMMUNITY FOUNDATION OF MORGAN COUNTY.

    Expenses $910,794 · Grants $342,551

  • SINCE OUR FOUNDING, THE COMMUNITY FOUNDATION HAS PROVIDED SCHOLARSHIPS FOR MORGAN COUNTY STUDENTS AS PART OF OUR CORE MISSION. WE WORK HARD TO ENSURE THAT ALL STUDENTS WHO MIGHT QUALIFY LEARN OF THE AVAILABILITY AND ARE AIDED IN APPLYING FOR AVAILABLE SCHOLARSHIPS.

    Expenses $139,950 · Grants $137,200

  • N/A

As filed on the 2024 return.

Listed in Part VII

  • JULIE CARMICHAEL

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • HOLLY FRYE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • TANA LOBB

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • RICH MYERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JASON MAXWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JULIE FRED

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

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

Provenance

Return type
form_990
Tax year
2024
Filed
10 October 2025
IRS schema version
2024v5.2
Source object
202502839349301500

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