Evsc Foundation Inc
- Assets
- $5.3m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 13
- Location
- Evansville, IN
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-2863843
Organization Overview
Evsc Foundation Inc is located in Evansville, IN. The organization was established in 2009. 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, Evsc Foundation Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Evsc Foundation Inc 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, Evsc Foundation Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 8.7% 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.
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 EVSC FOUNDATION IS TO ENHANCE EDUCATIONAL OPPORTUNITIES THROUGH THE DEVELOPMENT OF INDIVIDUAL AND COMMUNITY PARTNERSHIPS WHICH GENERATE THE FINANCIAL RESOURCES NECESSARY TO SUPPORT EXTRAORDINARY LEARNING EXPERIENCES, ENSURING GREATER STUDENT SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL CAMPAIGNS - FUNDS ALLOCATED TO CAMPAIGNS WERE TO PAY FOR THE NEW MULTIPURPOSE COMPLEX AND RENOVATED ATHLETIC TRAINING FACILITY AT HARRISON HIGH SCHOOL; A NEW LED STATE-OF-THE-ART SIGN FOR BOSSE HIGH SCHOOL; TOWARDS A CAMPAIGN TO HONOR JERRY HOOVER (RETIRED MUSIC EDUCATOR AT NORTH HIGH SCHOOL) WHERE THE PROCEEDS WILL BENEFIT THE PERFORMING ARTS ACTIVITIES AT NORTH HIGH SCHOOL; THE CARE AND MAINTENANCE OF CENTRAL HIGH SCHOOL'S SOFTBALL FIELD IN HONOR OF DENNIE LYNN; AND A CAMPAIGN TO HONOR PAUL GRIES TO PURCHASE A MOWER FOR THE BASEBALL FIELD AT CENTRAL HIGH SCHOOL.
SCHOOL PROGRAMS - INCLUDES THE HAMMAN FUNDS FOR NEEDY STUDENTS, STUDENT RESPONSE FUND, SCOREBOARD SPONSORSHIP AND AFFINITY CARD PROGRAM BOTH TO SUPPORT ATHLETICS AND ACADEMICS, ATHLETIC TRAINING COVERAGE & ATHLETIC EQUIPMENT,SCHOLARSHIPS, AND OTHER VARIOUS SCHOOL PROGRAMS. PROGRAMS WERE ALSO IN PLACE FOR SUPPORTING A STUDENT CLOTHING BANK FOR NEEDY STUDENTS, AND SUPPORTING STUDENTS THROUGH SPECIFIC PROGRAMS THAT FOCUS ON WORKABLE OPPORTUNITIES TO INTEGRATE WORKPLACE SKILLS AND ACADEMICS FOR SUCCESS WITH GRADUATION AND BEYOND. A TEACHER LOCKER PROGRAM WAS UTILITZED TO PROVIDE FREE SUPPLIES TO EVSC TEACHERS. DISBURSEMENT OF A GRANT FOR "MANUFACTURING FUTURES" PROJECT WAS SUPPORTED ALONG WITH RENOVATING A HIGH SCHOOL'S TENNIS COURTS.
EVSC SUPPORT PROGRAM - THE PROGRAM PROVIDES A VARIETY OF DIFFERENT FORMS OF GENERAL SUPPORT TO EVSC. ALLOCATIONS WERE USED TO FUND THE PRODUCTION OF INFORMATIONAL MATERIALS INCLUDING THE EVSC PARENT CALENDAR AND OTHER INNOVATIVE SCHOOL PAMPHLETS. ADDITIONAL SUPPORT INCLUDED ITEMS SUCH AS; SUPPORTING EVSC FOOD & NUTRITION PROGRAM, SUPPORTING EARLY COLLEGE PROGRAMS, SOCIAL EMOTIONAL LEARNING CLASSROOM SUPPLIES, BACKPACKS/SUPPLIES FOR NEEDY STUDENTS, BOOKS PURCHASED FOR READ EVANSVILLE PROGRAM TO GET BOOKS TO STUDENTS, TEACHER APPRECIATION GIFTCARDS AND TRANSPORTATION NEEDS FOR GED STUDENTS. BOOKS WERE ALSO PURCHASED TO SUPPORT SCHOOLS AND FOR PROFESSIONAL DEVELOPMENT AND THE SEL PROGRAM. FUNDS WERE ALSO GIVEN TOWARDS NEW TEACHER ORIENTATION SUPPLIES AND A MATH BOOTCAMP FOR PROFESSIONAL LEARNING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Morton Vice Preside | OfficerTrustee | $0 | |
Scott Evernham Treasurer | OfficerTrustee | $0 | |
Jeffrey Berger President | OfficerTrustee | $0 | |
Marci Fenneman Moore Secretary | OfficerTrustee | $0 | |
Dr David Smith Board Member | Trustee | $0 | |
Melissa Moore Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,924 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,748,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,794,991 |
| Total Program Service Revenue | $0 |
| Investment income | $44,908 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $24,081 |
| Net Rental Income | $8,296 |
| Net Gain/Loss on Asset Sales | $269,797 |
| Net Income from Fundraising Events | $37,783 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,201,438 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $243,939 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,965 |
| Payroll taxes | $22,170 |
| Fees for services: Management | $17,169 |
| Fees for services: Legal | $333 |
| Fees for services: Accounting | $6,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,372 |
| Fees for services: Other | $20,541 |
| Advertising and promotion | $0 |
| Office expenses | $5,221 |
| Information technology | $6,129 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $591 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $393 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,683 |
| All other expenses | $9,779 |
| Total functional expenses | $1,422,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,545,714 |
| Savings and temporary cash investments | $1,120,519 |
| Pledges and grants receivable | $40,247 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,365 |
| Net Land, buildings, and equipment | $797,410 |
| Investments—publicly traded securities | $1,810,573 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,327,828 |
| Accounts payable and accrued expenses | $67,581 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $14,357 |
| Total liabilities | $81,938 |
| Net assets without donor restrictions | $2,149,012 |
| Net assets with donor restrictions | $3,096,878 |
| 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 | $5,327,828 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Evsc Foundation Inc has recieved totaling $150,500.
| Awarding Organization | Amount |
|---|---|
Cecil A And Mabel Lene Hamman Foundation Inc Evansville, IN PURPOSE: GENERAL OPERATING EXPENSE | $115,000 |
Koch Foundation Inc Evansville, IN PURPOSE: CHARITABLE OPERATIONS | $13,000 |
Thomas A & Sharon K Ruder Foundation Inc Evansville, IN PURPOSE: EDUCATION | $10,000 |
Thomas A & Sharon K Ruder Foundation Inc Evansville, IN PURPOSE: EDUCATION | $10,000 |
Chapman Family Foundation Inc Newburgh, IN PURPOSE: HANGERS, A PROGRAM WHICH PROVIDES STUDENTS IN NEED WITH EVERYDAY LIVING ESSENTIALS | $1,500 |
Spiro B & Patricia Culver Mitsos Foundation Inc Columbia, TN PURPOSE: UNRESTRICTED DONATION | $1,000 |
Endowment Analysis
| Beg. Balance | $1,613,959 |
| Earnings | $254,158 |
| Admin Expense | $8,803 |
| Net Contributions | $56,900 |
| Other Expense | $105,641 |
| Ending Balance | $1,810,573 |
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 |