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Nonprofiteer
← MARION COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by MARION COMMUNITY FOUNDATION.

Totals

Total revenue
$3,073,207
Total expenses
$2,955,280
Contributions and grants received
$2,046,274
Grants paid
$2,011,943
Program service revenue
$0
Investment income
$1,026,913
Other revenue
$20
Total assets, end of year
$60,204,324
Total liabilities, end of year
$5,536,598
Net assets or fund balances, end of year
$54,667,726
Program services expenses (Part IX)
$2,348,209
Management and general expenses
$541,742
Fundraising expenses
$65,329
Program service expenses (Part III)
$2,348,209

Program services were 79.5% 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

    $2,046,274

  • 1g · Noncash contributions included above

    $112,426

  • 3 · Investment income

    total $1,240,629

  • 7a · Gross sales of assets other than inventory

    securities -$213,716

  • 7c · Gain or loss

    securities -$213,716

  • 7d · Net gain or loss

    total -$213,716

  • 11a · Other revenue: Other misc income

    total $20

  • 11e · Other revenue, total

    $20

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,011,943 · program services $2,011,943

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $129,397 · program services $64,699 · management and general $38,819 · fundraising $25,879

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $251,806 · program services $113,708 · management and general $112,757 · fundraising $25,341

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $38,886 · program services $4,149 · management and general $33,475 · fundraising $1,262

  • 10 · Payroll taxes

    total $29,696 · program services $13,898 · management and general $11,808 · fundraising $3,990

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $41,437 · program services $8,488 · management and general $32,621 · fundraising $328

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $275,718 · management and general $275,718

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $52,135 · program services $49,528 · fundraising $2,607

  • 13 · Office expenses

    total $17,307 · program services $12,115 · management and general $4,327 · fundraising $865

  • 14 · Information technology

    total $42,515 · program services $29,760 · management and general $10,629 · fundraising $2,126

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $24,145 · program services $16,902 · management and general $6,036 · fundraising $1,207

  • 17 · Travel

    total $295 · program services $206 · management and general $74 · fundraising $15

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $4,318 · management and general $4,318

  • 23 · Insurance

    total $10,373 · program services $7,261 · management and general $2,593 · fundraising $519

  • 24a · Other expenses: Dues

    total $11,819 · program services $8,273 · management and general $2,955 · fundraising $591

  • 24b · Other expenses: Other Misc Exp

    total $5,298 · program services $1,545 · management and general $3,564 · fundraising $189

  • 24c · Other expenses: Copying

    total $8,192 · program services $5,734 · management and general $2,048 · fundraising $410

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,867,865 · end of year $2,975,427

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,792 · end of year $22,996

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

    $46,089

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

    $37,814

  • 10c · Land, buildings and equipment, net

    beginning of year $10,553 · end of year $8,275

  • 11 · Investments: publicly traded securities

    beginning of year $53,729,256 · end of year $57,197,626

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,239 · end of year $30,012

  • 18 · Grants payable

    beginning of year $702,730 · end of year $593,610

  • 25 · Other liabilities

    beginning of year $4,867,990 · end of year $4,912,976

  • 27 · Net assets without donor restrictions

    beginning of year $50,031,507 · end of year $54,667,726

Mission and programs · 2022

Mission

The mission of Marion Community Foundation is to continually improve the Marion area community through philanthropy, leadership, and civic engagement.

  • The organization has two primary program services. The first being our Grant Program. Consistent with the organizations mission, each year grants are awarded through a grant application process from the organizations endowment funds in accordance with the organizations spending policy and the wishes of the donors.

    Expenses $1,811,823 · Grants $1,552,898

  • The organizations second program is our Scholarship 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 $536,386 · Grants $459,045

As filed on the 2022 return.

Listed in Part VII

  • Dean Jacob

    President/CEO

    Total calculated
    $129,397
    From this org
    $129,397
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kathy Goodman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Scott Knowles

    Director/Past Chair

    Total calculated
    $0
    Hours/week
    1

  • Grant Gates

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nicolle Wampler

    Director/Secretary

    Total calculated
    $0
    Hours/week
    1

  • Sarah Russell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ryan McCall

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kevin Smith

    Director

    Total calculated
    $0
    Hours/week
    1

  • Fran Voll

    Director/ Chair

    Total calculated
    $0
    Hours/week
    1

  • Charles Speelman

    DirectorVice Chair

    Total calculated
    $0
    Hours/week
    1

  • Judge Matthew Frericks

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rev Jacqueline Peterson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jody Demo-Hodgins

    Director/Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Spencer Mathews

    Director

    Total calculated
    $0
    Hours/week
    1

  • Thomas Schifer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Erin Slater

    Director

    Total calculated
    $0
    Hours/week
    1

  • Julie Prettyman

    Vice President

    Total calculated
    $0
    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
2022
Filed
1 May 2024
IRS schema version
2022v5.0
Source object
202411229349300906

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.