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Nonprofiteer
← WABASH VALLEY COMMUNITY FOUNDATION INC

Form 990 for tax year 2022

Filed by WABASH VALLEY COMMUNITY FOUNDATION INC.

Totals

Total revenue
$7,778,986
Total expenses
$4,991,906
Contributions and grants received
$4,138,406
Grants paid
$3,605,876
Program service revenue
$65,079
Investment income
$3,575,501
Other revenue
$0
Total assets, end of year
$87,950,837
Total liabilities, end of year
$6,505,519
Net assets or fund balances, end of year
$81,445,318
Program services expenses (Part IX)
$4,285,262
Management and general expenses
$498,978
Fundraising expenses
$207,666
Program service expenses (Part III)
$4,285,262

Program services were 85.8% 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

    $4,138,406

  • 1g · Noncash contributions included above

    $271,339

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $65,079 · related or exempt $65,079

  • 3 · Investment income

    total $2,675,968 · excluded $2,675,968

  • 7a · Gross sales of assets other than inventory

    securities $6,296,690

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

    securities $5,397,157

  • 7c · Gain or loss

    securities $899,533

  • 7d · Net gain or loss

    total $899,533 · excluded $899,533

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,767,264 · program services $2,767,264

  • 2 · Grants to domestic individuals

    total $838,612 · program services $838,612

  • 5 · Compensation of officers, directors and key employees

    total $210,000 · program services $84,000 · management and general $96,600 · fundraising $29,400

  • 7 · Other salaries and wages

    total $408,417 · program services $163,367 · management and general $187,872 · fundraising $57,178

  • 8 · Pension plan contributions

    total $26,326 · program services $10,530 · management and general $12,110 · fundraising $3,686

  • 9 · Other employee benefits

    total $88,959 · program services $35,584 · management and general $40,921 · fundraising $12,454

  • 10 · Payroll taxes

    total $54,080 · program services $21,632 · management and general $24,877 · fundraising $7,571

  • 11b · Fees: legal

    total $19,715 · program services $2,366 · management and general $11,829 · fundraising $5,520

  • 11c · Fees: accounting

    total $15,940 · program services $1,913 · management and general $9,564 · fundraising $4,463

  • 11f · Fees: investment management

    total $199,259 · program services $199,259

  • 11g · Fees: other

    total $22,413 · program services $2,690 · management and general $13,448 · fundraising $6,275

  • 13 · Office expenses

    total $25,603 · program services $5,659 · management and general $11,258 · fundraising $8,686

  • 16 · Occupancy

    total $21,184 · program services $7,414 · management and general $8,050 · fundraising $5,720

  • 20 · Interest

    total $15,407 · program services $5,392 · management and general $5,855 · fundraising $4,160

  • 22 · Depreciation, depletion and amortization

    total $35,821 · program services $12,537 · management and general $13,612 · fundraising $9,672

  • 24a · Other expenses: OTHER ADMIN COSTS

    total $108,141 · program services $77,558 · management and general $11,572 · fundraising $19,011

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $40,995 · program services $14,347 · management and general $15,581 · fundraising $11,067

  • 24c · Other expenses: ANNUAL REPORT

    total $33,604 · management and general $33,604

  • 24d · Other expenses: OTHER DEVELOPMENT EXPEN

    total $27,808 · program services $2,780 · management and general $2,225 · fundraising $22,803

  • 24e · All other expenses

    total $32,358 · program services $32,358

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $749,865 · end of year $558,885

  • 2 · Savings and temporary cash investments

    beginning of year $857,613 · end of year $2,391,108

  • 4 · Accounts receivable

    end of year $33,932

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

    $1,138,943

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

    $315,332

  • 10c · Land, buildings and equipment, net

    beginning of year $835,656 · end of year $823,611

  • 11 · Investments: publicly traded securities

    beginning of year $75,090,958 · end of year $84,029,933

  • 15 · Other assets

    beginning of year $113,368 · end of year $113,368

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,109 · end of year $9,289

  • 18 · Grants payable

    beginning of year $1,914,508 · end of year $2,276,917

  • 21 · Escrow or custodial account liability

    beginning of year $3,448,500 · end of year $3,774,152

  • 23 · Secured mortgages and notes payable

    beginning of year $455,927 · end of year $438,674

  • 25 · Other liabilities

    beginning of year $3,615 · end of year $6,487

  • 27 · Net assets without donor restrictions

    beginning of year $68,798,551 · end of year $78,259,360

  • 28 · Net assets with donor restrictions

    beginning of year $3,023,250 · end of year $3,185,958

Mission and programs · 2022

Mission

THE MISSION OF THE FOUNDATION IS TO ENGAGE PEOPLE, BUILD RESOURCES, AND ENRICH LIVES, AND ITS VISION IS FOR A HEALTHY, EDUCATED AND THRIVING COMMUNITY.

  • THE QUALITY OF LIFE WAS ENRICHED IN THE WABASH VALLEY THROUGH THE FOUNDATION'S GRANTS TO SUSTAIN SOCIAL SERVICE, CIVIC AFFAIRS AND ARTS AND CULTURAL ORGANIZATIONS. THE FOUNDATION PROVIDES NUMEROUS GRANTS THROUGHOUT THE COMMUNITY IN VARIOUS AREAS TO HELP MEET THE NEEDS OF THE COMMUNITY AND PROVIDE A MEANS OF ADDRESSING DEVELOPING ISSUES AND CONCERNS.

    Expenses $4,285,262 · Grants $3,605,876 · Revenue $65,079

As filed on the 2022 return.

Listed in Part VII

  • BRIAN DOUGHERTY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN ROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARRIE PAGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID FRIEDRICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEE REED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GARY ULRICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HENRY BUELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM CONNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SANTHANA NAIDU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SARA CLARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STACY MASON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRAVIS BEHEM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LEA ANNE CROOKS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • SUMMER LONG

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DAVID DOTI

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT BROWN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • BETH TEVLIN

    PRESIDENT & CEO

    Total calculated
    $192,873
    From this org
    $167,850
    From related orgs
    $0
    Other
    $25,023
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,850
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $25,023
    Filer's total
    $192,873

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • WABASH VALLEY HOLDINGS LLC

    REAL PROPERTY HOLDING COMPANY · IN

    Directly controlled by WABASH VALLEY COMMUNITY FOUNDATION INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • TED AND ANNA NESTY CHARITABLE TRUST WVCF TRUSTEE

    T · CHARITABLE TRUST · IN

Provenance

Return type
form_990
Tax year
2022
Filed
2 February 2024
IRS schema version
2022v5.0
Source object
202430379349300608

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