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Nonprofiteer
← PORTER COUNTY COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by PORTER COUNTY COMMUNITY FOUNDATION INC.

Totals

Total revenue
$7,050,984
Total expenses
$5,414,417
Contributions and grants received
$3,722,959
Grants paid
$3,877,260
Program service revenue
$18,499
Investment income
$3,317,661
Other revenue
-$8,135
Total assets, end of year
$96,708,141
Total liabilities, end of year
$25,611,514
Net assets or fund balances, end of year
$71,096,627
Program services expenses (Part IX)
$4,507,969
Management and general expenses
$361,350
Fundraising expenses
$545,098
Program service expenses (Part III)
$4,507,969

Program services were 83.3% 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

    $13,045

  • 1f · All other contributions, gifts and grants

    $3,709,914

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $18,499 · related or exempt $18,499

  • 3 · Investment income

    total $2,776,049 · excluded $2,776,049

  • 7a · Gross sales of assets other than inventory

    securities $10,533,727

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

    securities $9,991,364 · other assets $751

  • 7c · Gain or loss

    securities $542,363 · other assets -$751

  • 7d · Net gain or loss

    total $541,612 · excluded $541,612

  • 8a · Fundraising events: gross income

    $0

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

    $13,045

  • 8b · Fundraising events: direct expenses

    $8,135

  • 8c · Net income from fundraising events

    total -$8,135 · excluded -$8,135

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,546,957 · program services $3,546,957

  • 2 · Grants to domestic individuals

    total $330,303 · program services $330,303

  • 5 · Compensation of officers, directors and key employees

    total $338,508 · program services $130,965 · management and general $71,700 · fundraising $135,843

  • 7 · Other salaries and wages

    total $446,988 · program services $172,935 · management and general $94,677 · fundraising $179,376

  • 8 · Pension plan contributions

    total $1,023 · program services $396 · management and general $217 · fundraising $410

  • 9 · Other employee benefits

    total $39,431 · program services $15,255 · management and general $8,352 · fundraising $15,824

  • 10 · Payroll taxes

    total $56,803 · program services $21,977 · management and general $12,031 · fundraising $22,795

  • 11b · Fees: legal

    total $3,507 · management and general $3,507

  • 11c · Fees: accounting

    total $17,250 · management and general $17,250

  • 11f · Fees: investment management

    total $202,851 · program services $202,851

  • 11g · Fees: other

    total $46,248 · management and general $46,248

  • 12 · Advertising and promotion

    total $45,679 · fundraising $45,679

  • 13 · Office expenses

    total $40,902 · program services $13,421 · management and general $13,877 · fundraising $13,604

  • 14 · Information technology

    total $50,248 · program services $17,084 · management and general $16,582 · fundraising $16,582

  • 16 · Occupancy

    total $51,680 · program services $17,572 · management and general $17,054 · fundraising $17,054

  • 19 · Conferences, conventions and meetings

    total $7,149 · program services $2,359 · management and general $2,423 · fundraising $2,367

  • 22 · Depreciation, depletion and amortization

    total $105,568 · program services $35,894 · management and general $34,837 · fundraising $34,837

  • 23 · Insurance

    total $12,697 · management and general $12,697

  • 24a · Other expenses: SPECIAL EVENTS

    total $55,391 · fundraising $55,391

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $13,341 · management and general $8,005 · fundraising $5,336

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $1,893 · management and general $1,893

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,536,782 · end of year $6,466,731

  • 9 · Prepaid expenses and deferred charges

    beginning of year $290 · end of year $290

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

    $2,938,568

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

    $977,097

  • 10c · Land, buildings and equipment, net

    beginning of year $2,064,995 · end of year $1,961,471

  • 11 · Investments: publicly traded securities

    beginning of year $77,458,517 · end of year $87,162,730

  • 15 · Other assets

    beginning of year $976,302 · end of year $1,116,919

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,489 · end of year $16,508

  • 18 · Grants payable

    beginning of year $580,830 · end of year $369,950

  • 21 · Escrow or custodial account liability

    beginning of year $22,898,954 · end of year $25,091,348

  • 25 · Other liabilities

    beginning of year $136,122 · end of year $133,708

  • 27 · Net assets without donor restrictions

    beginning of year $5,095,333 · end of year $5,188,271

  • 28 · Net assets with donor restrictions

    beginning of year $58,318,158 · end of year $65,908,356

Mission and programs · 2023

Mission

TO STRENGTHEN OUR COMMUNITY THROUGH LASTING GENEROSITY AND LEADERSHIP

  • THE ORGANIZATION DISBURSES GRANTS TO CHARITABLE ORGANIZATIONS FOR PROJECTS THAT PROMOTE THE COMMUNITY AND HELP MEET THE CHANGING NEEDS OF THE COMMUNITY. THE ORGANIZATION ALSO DISBURSES GRANTS TO PORTER COUNTY RESIDENTS IN ACCORDANCE WITH THE REQUESTS OF DONORS WHO ESTABLISH SCHOLARSHIP FUNDS.

    Expenses $4,507,969 · Grants $3,877,260 · Revenue $18,499

As filed on the 2023 return.

Listed in Part VII

  • Cheri Birky

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ryan Cole

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Saradha De Jesus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Julie Elisha

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Hollenbeck

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Scott Hufford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Geoff Laciak

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Megan Marshall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Emily Richardson-Rossbach

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mark Ritzi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Shikany

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Vidimos

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Walsh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Celina Weatherwax

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sami Welter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michael Wendahl

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Carol Hall

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Matt Vessely

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Lewis

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Tim Coleman

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • William A Higbie

    PRESIDENT/CEO

    Total calculated
    $176,964
    From this org
    $155,470
    From related orgs
    $0
    Other
    $21,494
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,470
    Bonus
    $0
    Other
    $0
    Deferred
    $5,154
    Nontaxable benefits
    $16,340
    Filer's total
    $176,964

  • Jeri Pat Gabbert

    VICE PRESIDENT

    Total calculated
    $161,544
    From this org
    $156,875
    From related orgs
    $0
    Other
    $4,669
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,625
    Bonus
    $1,250
    Other
    $0
    Deferred
    $4,669
    Nontaxable benefits
    $0
    Filer's total
    $161,544

  • Mary Jane Eisenhauer

    EMPLOYEE

    Total calculated
    $127,975
    From this org
    $124,396
    From related orgs
    $0
    Other
    $3,579
    Hours/week
    40

  • Brenda Sheetz

    EMPLOYEE

    Total calculated
    $104,601
    From this org
    $103,150
    From related orgs
    $0
    Other
    $1,451
    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. 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 committee
  • 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.

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.

  • EMPOWER PORTER COUNTY LLC

    UNITE THE COMMUNITY TO PREVENT AND REDUCE SUBSTANCE ABUSE · IN · income $0 · assets $25,726

    Directly controlled by PORTER COUNTY COMMUNITY FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
9 September 2024
IRS schema version
2023v5.1
Source object
202442549349300314

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

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