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Nonprofiteer
← BOWLING GREEN COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by BOWLING GREEN COMMUNITY FOUNDATION INC.

Totals

Total revenue
$458,092
Total expenses
$530,268
Contributions and grants received
$132,899
Grants paid
$433,616
Program service revenue
$0
Investment income
$311,758
Other revenue
$13,435
Total assets, end of year
$10,072,347
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,072,347
Program services expenses (Part IX)
$525,180
Management and general expenses
$5,088
Fundraising expenses
$0
Program service expenses (Part III)
$525,180

Program services were 99.0% 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.

  • 1c · Fundraising events

    $912

  • 1f · All other contributions, gifts and grants

    $131,987

  • 3 · Investment income

    total $311,758

  • 8a · Fundraising events: gross income

    $21,234

  • 8a · Fundraising events: contributions included on line 1c

    $912

  • 8b · Fundraising events: direct expenses

    $7,799

  • 8c · Net income from fundraising events

    total $13,435

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $426,116 · program services $426,116

  • 2 · Grants to domestic individuals

    total $7,500 · program services $7,500

  • 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 $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $1,150 · management and general $1,150

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $5,370 · program services $5,370

  • 13 · Office expenses

    total $1,661 · program services $1,661

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 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 $0

  • 23 · Insurance

    total $3,938 · management and general $3,938

  • 24a · Other expenses: Administrative Fees

    total $73,431 · program services $73,431

  • 24b · Other expenses: Labor

    total $10,000 · program services $10,000

  • 24c · Other expenses: Committees

    total $847 · program services $847

  • 24d · Other expenses: Telephone

    total $219 · program services $219

  • 24e · All other expenses

    total $36 · program services $36

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,711 · end of year $5,454

  • 2 · Savings and temporary cash investments

    beginning of year $121,906 · end of year $76,946

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

    $2,821

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

    $2,821

  • 11 · Investments: publicly traded securities

    beginning of year $8,637,880 · end of year $9,989,947

  • 27 · Net assets without donor restrictions

    beginning of year $2,912,001 · end of year $4,219,851

  • 28 · Net assets with donor restrictions

    beginning of year $5,852,496 · end of year $5,852,496

Mission and programs · 2023

Mission

The Bowling Green Community Foundation, a nonprofit entity, exists to improve the quality of life in the Bowling Green area by providing funding and support for programs that will enhance the health, welfare, and vitality of the Bowling Green community.

Activities or mission (Part I)

Community foundation in support of local not-for-profit organizations and providing college scholarships to local high school graduates.

  • Provided college scholarships to 5 local high school graduates and cash grants to 25 local not-for-profit organizations. In addition, we provided support to downtown events such as the art installation, the Black Swamp Arts Festival, NAMI youth programs, as well as the Knox Box Loan Program to Assist the Elderly.

    Expenses $525,180

As filed on the 2023 return.

Listed in Part VII

  • Rebecca C Ferguson

    President

    Total calculated
    $0
    Hours/week
    1

  • Joe Fawcett

    President-Elect

    Total calculated
    $0
    Hours/week
    1

  • Randall J Roberts

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Steve Arnold

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Abhishek Bhati

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jim Czerniak

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joe Edens

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Nick Hogrefe

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Diane R Huffman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Matt Karaffa

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Marcia Latta EdD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • David Maurer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jan Larson McLaughlin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jason D Miller

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jim Phares

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kacee Ferrell Snyder PhD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kati Thompson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Justin White

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Martha Woelke

    Trustee

    Total calculated
    $0
    Hours/week
    1

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
2023
Filed
1 April 2024
IRS schema version
2023v5.0
Source object
202420929349300812

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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