Greater Lafayette Community Foundation
- Assets
- $89.2m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 7
- Location
- Lafayette, IN
- Founding
- 12/1972
- Data as of
- 12/2021
- EIN
- 23-7147996
Organization Overview
Greater Lafayette Community Foundation, operating under the name See Schedule O, is located in Lafayette, IN. The organization was established in 1972. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, See Schedule O employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, See Schedule O generated $7.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, See Schedule O has awarded 365 individual grants totaling $8,763,309. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE COMMUNITY FOUNDATION OF GREATER LAFAYETTE IS TO INSPIRE, NUTURE, AND PRACTICE PHILANTHROPY, STEWARDSHIP, AND LEADERSHIP IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTS THE COMMUNITY BY EDUCATING POTENTIAL DONORS, CAREFULLY INVESTING AND STEWARDING FUNDS RAISED, AND SUPPORTING NUMEROUS LOCAL NOT-FOR-PROFIT ORGANIZATIONS THROUGH GRANTS. GRANTS MADE FROM DISCRETIONARY FUNDS ARE GENERALLY FOR CAPITAL AND CAPACITY BUILDING PURPOSES, WHILE GRANTS FROM DESIGNATED, DONOR-ADVISED AND FIELD OF INTEREST FUNDS MAY BE USED AT THE AGENCIES' DISCRETION.
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William David Lasater President | OfficerTrustee | 40 | $167,185 |
Andy Gutwein Chair | OfficerTrustee | 1 | $0 |
Linda Rohrman Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Russell Secretary | OfficerTrustee | 1 | $0 |
Steve Schultz Vice Chair | OfficerTrustee | 1 | $0 |
Tom Busch Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,102,566 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,102,566 |
| Total Program Service Revenue | $15,281 |
| Investment income | $2,654,482 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,340 |
| Net Gain/Loss on Asset Sales | $1,985,147 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,786,993 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,867,828 |
| Grants and other assistance to domestic individuals. | $192,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $181,384 |
| Compensation of current officers, directors, key employees. | $36,277 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $342,776 |
| Pension plan accruals and contributions | $24,720 |
| Other employee benefits | $8,789 |
| Payroll taxes | $38,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,779 |
| Fees for services: Accounting | $19,008 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $161,187 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,128 |
| Office expenses | $60,011 |
| Information technology | $25,338 |
| Royalties | $0 |
| Occupancy | $50,388 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,619 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,085 |
| Insurance | $2,835 |
| All other expenses | $9,571 |
| Total functional expenses | $3,127,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,837 |
| Savings and temporary cash investments | $1,748,389 |
| Pledges and grants receivable | $215,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $37,685 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $143,867 |
| Investments—publicly traded securities | $87,015,236 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,758 |
| Total assets | $89,165,772 |
| Accounts payable and accrued expenses | $26,601 |
| Grants payable | $1,032,772 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,751,243 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,854,973 |
| Total liabilities | $14,665,589 |
| Net assets without donor restrictions | $12,840,365 |
| Net assets with donor restrictions | $61,659,818 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $89,165,772 |
Grants Awarded
Over the last fiscal year, Greater Lafayette Community Foundation has awarded $1,714,505 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
W Lafayette, IN PURPOSE: AGENCY MISSION | $130,526 |
Lafayette, IN PURPOSE: EQUIPMENT/MISSION | $107,405 |
Lafayette, IN PURPOSE: AGENCY MISSION | $84,545 |
Lafayette, IN PURPOSE: FACILITY IMPROVEMENT | $83,962 |
Lafayette, IN PURPOSE: AGENCY MISSION | $78,402 |
Lafayette, IN PURPOSE: IMPROVEMENTS/MISSION | $64,308 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Greater Lafayette Community Foundation has recieved totaling $104,870.
| Awarding Organization | Amount |
|---|---|
North Central Health Services Inc West Lafayette, IN PURPOSE: BOARD GOVERNANCE EDUCATIONAL SERIES, NONPROFIT EXECUTIVE DEVELOPMENT INITIATIVE, MENTAL HEALTH | $45,504 |
United Way Of Greater Lafayette & Tippecanoe County Lafayette, IN PURPOSE: PHILANTHROPIC | $20,000 |
Jasper Newton Foundation Inc Jasper Foundation Inc Rensselaer, IN PURPOSE: COMMUNITY | $11,661 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $7,800 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $6,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,405 |
Endowment Analysis
| Beg. Balance | $60,012,593 |
| Earnings | $11,473,937 |
| Net Contributions | $3,401,724 |
| Other Expense | $2,984,079 |
| Ending Balance | $71,904,175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Dupage Community Foundation Downers Grove, IL | $125,703,251 | $14,295,087 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Southern Indiana Inc New Albany, IN | $128,848,099 | $8,060,969 |
Waukesha County Community Foundation Inc Waukesha, WI | $76,894,981 | $24,718,378 |
Community Foundation Alliance Inc Evansville, IN | $117,500,760 | $8,724,196 |
Hamilton County Community Foundation Inc Fishers, IN | $98,701,430 | $28,985,245 |