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Nonprofiteer
← HERITAGE FUND OF BARTHOLOMEW COUNTY INC

Form 990 for tax year 2023

Filed by HERITAGE FUND OF BARTHOLOMEW COUNTY INC.

Totals

Total revenue
$9,729,076
Total expenses
$8,864,458
Contributions and grants received
$6,318,772
Grants paid
$6,932,252
Program service revenue
$0
Investment income
$3,381,823
Other revenue
$28,481
Total assets, end of year
$99,398,224
Total liabilities, end of year
$12,589,404
Net assets or fund balances, end of year
$86,808,820
Program services expenses (Part IX)
$8,231,743
Management and general expenses
$294,162
Fundraising expenses
$338,553
Program service expenses (Part III)
$8,231,743

Program services were 92.9% 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

    $6,318,772

  • 1g · Noncash contributions included above

    $898,221

  • 3 · Investment income

    total $3,181,332 · excluded $3,181,332

  • 7a · Gross sales of assets other than inventory

    securities $6,042,519

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

    securities $5,842,028

  • 7c · Gain or loss

    securities $200,491

  • 7d · Net gain or loss

    total $200,491 · excluded $200,491

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $15,981 · related or exempt $15,981

  • 11b · Other revenue: ADMINISTRATIVE FEES

    total $12,500 · related or exempt $12,500

  • 11e · Other revenue, total

    $28,481

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,217,361 · program services $6,217,361

  • 2 · Grants to domestic individuals

    total $714,891 · program services $714,891

  • 5 · Compensation of officers, directors and key employees

    total $204,037 · program services $76,985 · management and general $50,642 · fundraising $76,410

  • 7 · Other salaries and wages

    total $413,054 · program services $155,849 · management and general $102,521 · fundraising $154,684

  • 9 · Other employee benefits

    total $49,370 · program services $18,628 · management and general $12,254 · fundraising $18,488

  • 10 · Payroll taxes

    total $44,671 · program services $16,855 · management and general $11,088 · fundraising $16,728

  • 11b · Fees: legal

    total $1,258 · program services $126 · management and general $1,006 · fundraising $126

  • 11c · Fees: accounting

    total $26,681 · program services $2,668 · management and general $21,345 · fundraising $2,668

  • 11f · Fees: investment management

    total $171,708 · program services $171,708

  • 11g · Fees: other

    total $9,669 · program services $967 · management and general $7,735 · fundraising $967

  • 13 · Office expenses

    total $19,727 · program services $3,849 · management and general $6,494 · fundraising $9,384

  • 14 · Information technology

    total $42,300 · management and general $42,300

  • 16 · Occupancy

    total $39,796 · program services $9,949 · management and general $19,898 · fundraising $9,949

  • 17 · Travel

    total $466 · program services $93 · management and general $47 · fundraising $326

  • 19 · Conferences, conventions and meetings

    total $16,052 · program services $1,605 · management and general $1,605 · fundraising $12,842

  • 22 · Depreciation, depletion and amortization

    total $6,929 · program services $1,732 · management and general $3,465 · fundraising $1,732

  • 23 · Insurance

    total $797 · management and general $797

  • 24a · Other expenses: SPECIAL PROGRAMS EXPENS

    total $835,280 · program services $835,280

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $31,721 · program services $3,172 · management and general $3,172 · fundraising $25,377

  • 24c · Other expenses: ENDOWMENT DEVELOPMENT

    total $8,156 · fundraising $8,156

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $6,304 · management and general $5,674 · fundraising $630

  • 24e · All other expenses

    total $4,230 · program services $25 · management and general $4,119 · fundraising $86

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,048,700 · end of year $6,715,150

  • 3 · Pledges and grants receivable

    beginning of year $119,804 · end of year $119,804

  • 4 · Accounts receivable

    beginning of year $431 · end of year $7,960

  • 7 · Other notes and loans receivable

    beginning of year $534,155 · end of year $525,136

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

    $202,082

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

    $182,040

  • 10c · Land, buildings and equipment, net

    beginning of year $26,971 · end of year $20,042

  • 11 · Investments: publicly traded securities

    beginning of year $78,598,863 · end of year $91,686,236

  • 15 · Other assets

    beginning of year $314,967 · end of year $323,896

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,292 · end of year $13,176

  • 18 · Grants payable

    beginning of year $4,250 · end of year $2,500

  • 21 · Escrow or custodial account liability

    beginning of year $11,117,353 · end of year $12,448,985

  • 25 · Other liabilities

    beginning of year $122,393 · end of year $124,743

  • 27 · Net assets without donor restrictions

    beginning of year $2,789,140 · end of year $3,431,963

  • 28 · Net assets with donor restrictions

    beginning of year $74,597,463 · end of year $83,376,857

Mission and programs · 2023

Mission

TO INSPIRE GENEROSITY, TO GATHER AND GROW COMMUNITY LEADERS, AND TO ACT TO ENSURE THAT BARTHOLOMEW COUNTY IS ANEXCEPTIONAL PLACE FOR ALL TO LIVE, LEARN, WORK, AND PLAY.

Activities or mission (Part I)

TO INSPIRE GENEROSITY, TO GATHER AND GROW COMMUNITY LEADERS, AND TO ACT TO ENSURE THAT BARTHOLOMEW COUNTY IS AN EXCEPTIONAL PLACE FOR ALL TO LIVE, LEARN, WORK, AND PLAY.

  • HERITAGE FUND IS THE COMMUNITY FOUNDATION OF BARTHOLOMEW COUNTY. THE FOUNDATION EXISTS SOLELY FOR THE BETTERMENT OF THE COMMUNITY. ITS MISSION IS TO PROVIDE RESPONSIBLE STEWARDSHIP OF GIFTS DONATED FOR BROAD CHARITABLE PURPOSES, TO DEVELOP LEADERSHIP TO ADDRESS COMMUNITY ISSUES, TO SERVE AS A CATALYST FOR POSITIVE CHANGE IN PARTNERSHIP WITH OTHERS, AND TO PROMOTE PHILANTHROPY WITHIN THE COMMUNITY. EACH YEAR, HERITAGE FUND MANAGES A COMPETITIVE GRANTS PROCESS FOR OVER $500,000 IN UNRESTRICTED DOLLARS FROM THE COMMUNITY FUND IN THE AREAS OF OPPORTUNITY, POSITIVE CHANGE, COMMUNITY INVESTMENT, AND ORGANIZATIONAL EXCELLENCE. THE FOUNDATION IS THE KEY ADMINISTRATOR OF SCHOLARSHIPS FOR HIGH SCHOOL SENIORS IN BARTHOLOMEW COUNTY, AND CONDUCTS THE ANNUAL SELECTION PROCESS FOR TWO LILLY SCHOLARSHIPS. HERITAGE FUND SERVES AS FISCAL SPONSOR FOR IMPORTANT COMMUNITY PROJECTS, TWO OF WHICH ARE THE CONSTRUCTION OF THE COMMONS IN 2011, AND LANDMARK COLUMBUS, A CELEBRATION OF THE DESIGN HERITAGE OF COLUMBUS IN 2017. DISTRIBUTION FROM THE FOUNDATIONS MANY DONOR ADVISED, DESIGNATED, AGENCY AND FIELD OF INTEREST FUNDS SUPPORT A BROAD VARIETY OF CHARITABLE PURPOSES.THE HERITAGE FUND BOARD IS COMPOSED OF 27 COMMUNITY LEADERS. THE FOUNDATION EMPLOYS 6 PROFESSIONALS, AND ENLISTS THE AID OF OVER 50 VOLUNTEERS WHO SERVE ON DEVELOPMENT, GRANTS, OUTREACH, FINANCE AND AUDIT, INVESTMENT AND SCHOLARSHIP COMMITTEES.

    Expenses $8,231,743 · Grants $6,932,252 · Revenue $28,481

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Aida Ramirez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Anuja Mazgaonkar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Brad Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Carl Lienhoop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Courtney Metzger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Felipe Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Jeff Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Jim Bickel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Jim Lienhoop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Jim Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Johnnie Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Johnny Tsai

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Kathy Oren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Katie Glick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Lora Mount

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Mark Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Nicholas Sprague

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Phil Luzius

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Reinhold Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Sarla Kalsi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Tom Harmon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Tracy Haddad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Alice Johnson

    CHAIR

    Total calculated
    $0
    Hours/week
    1.5 + 2 related

  • Lori Thompson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.5 + 2 related

  • John Elwood

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5 + 2 related

  • Michelle Schaefer

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5 + 2 related

  • Tracy Souza

    PRESIDENT & CEO

    Total calculated
    $204,037
    From this org
    $192,400
    From related orgs
    $0
    Other
    $11,637
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $192,400
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,637
    Filer's total
    $204,037

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
5 August 2024
IRS schema version
2023v5.1
Source object
202422269349300312

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