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Nonprofiteer
← BENTON COMMUNITY FOUNDATION INC

Form 990 for tax year 2024

Filed by BENTON COMMUNITY FOUNDATION INC.

Totals

Total revenue
$1,530,520
Total expenses
$613,068
Contributions and grants received
$923,267
Grants paid
$291,074
Program service revenue
$12,100
Investment income
$595,153
Other revenue
$0
Total assets, end of year
$11,242,163
Total liabilities, end of year
$725,671
Net assets or fund balances, end of year
$10,516,492
Program services expenses (Part IX)
$427,085
Management and general expenses
$162,609
Fundraising expenses
$23,374
Program service expenses (Part III)
$427,085

Program services were 69.7% 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

    $923,267

  • 1g · Noncash contributions included above

    $3,237

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

    total $10,000 · related or exempt $10,000

  • 2b · Program service revenue: MGMT/ADMIN FEE INCOME:DAVIES-

    total $2,000 · related or exempt $2,000

  • 2c · Program service revenue: MGMT/ADMIN FEE INCOME

    total $100 · related or exempt $100

  • 3 · Investment income

    total $493,001 · excluded $493,001

  • 7a · Gross sales of assets other than inventory

    securities $1,372,245

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

    securities $1,270,093

  • 7c · Gain or loss

    securities $102,152

  • 7d · Net gain or loss

    total $102,152 · excluded $102,152

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $191,038 · program services $191,038

  • 2 · Grants to domestic individuals

    total $100,036 · program services $100,036

  • 5 · Compensation of officers, directors and key employees

    total $68,401 · program services $25,754 · management and general $20,112 · fundraising $22,535

  • 7 · Other salaries and wages

    total $38,409 · program services $9,752 · management and general $28,657

  • 9 · Other employee benefits

    total $3,636 · management and general $3,636

  • 10 · Payroll taxes

    total $9,282 · program services $1,259 · management and general $7,184 · fundraising $839

  • 11b · Fees: legal

    total $173 · management and general $173

  • 11c · Fees: accounting

    total $16,515 · management and general $16,515

  • 11f · Fees: investment management

    total $28,474 · management and general $28,474

  • 12 · Advertising and promotion

    total $1,675 · program services $377 · management and general $1,298

  • 13 · Office expenses

    total $9,744 · program services $156 · management and general $9,588

  • 14 · Information technology

    total $29,102 · management and general $29,102

  • 16 · Occupancy

    total $3,237 · management and general $3,237

  • 17 · Travel

    total $82 · management and general $82

  • 19 · Conferences, conventions and meetings

    total $120 · management and general $120

  • 22 · Depreciation, depletion and amortization

    total $1,469 · management and general $1,469

  • 23 · Insurance

    total $6,601 · program services $500 · management and general $6,101

  • 24a · Other expenses: PLANNING GRANT EXPENSE

    total $48,500 · program services $48,500

  • 24b · Other expenses: PROGRAM EXPENSE

    total $26,436 · program services $23,936 · management and general $2,500

  • 24c · Other expenses: EVENT EXPENSES

    total $21,593 · program services $18,746 · management and general $2,847

  • 24d · Other expenses: FUNDRAISING EXPENSE

    total $7,003 · program services $7,003

  • 24e · All other expenses

    total $1,542 · program services $28 · management and general $1,514

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $164,036 · end of year $334,393

  • 2 · Savings and temporary cash investments

    beginning of year $416,113 · end of year $1,064,147

  • 4 · Accounts receivable

    beginning of year $4,259 · end of year $2,769

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,634 · end of year $4,807

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

    $14,723

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

    $9,951

  • 10c · Land, buildings and equipment, net

    beginning of year $6,240 · end of year $4,772

  • 11 · Investments: publicly traded securities

    beginning of year $8,827,360 · end of year $9,831,275

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,912 · end of year $35,153

  • 18 · Grants payable

    beginning of year $194,506 · end of year $219,806

  • 19 · Deferred revenue

    beginning of year $48,500 · end of year $470,712

  • 27 · Net assets without donor restrictions

    beginning of year $4,996,549 · end of year $5,807,872

  • 28 · Net assets with donor restrictions

    beginning of year $4,146,175 · end of year $4,708,620

Mission and programs · 2024

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 $427,085 · Grants $291,074 · Revenue $12,100

As filed on the 2024 return.

Listed in Part VII

  • Robert Hasser

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Samantha Tabert

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • John Kretzmeier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Morgan Lange

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathleen McGinnis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeanna Pitstick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Curt Puetz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe Senesac

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sara Weber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrea Bowman

    EXECUTIVE DI

    Total calculated
    $68,401
    From this org
    $66,385
    From related orgs
    $0
    Other
    $2,016
    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

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.0
Source object
202533089349303758

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