Community Foundation Of Grant County Indiana Inc
- Assets
- $28.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Marion, IN
- Founding
- 01/1985
- Data as of
- 06/2022
- EIN
- 31-1117791
Organization Overview
Community Foundation Of Grant County Indiana Inc is located in Marion, IN. The organization was established in 1985. 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 06/2022, Community Foundation Of Grant County Indiana Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Grant County Indiana 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 06/2022, Community Foundation Of Grant County Indiana Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Foundation Of Grant County Indiana Inc has awarded 361 individual grants totaling $9,451,570. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE COMMUNITY FOUNDATION OF GRANT COUNTY INDIANA, INC. IS TO CONNECT PEOPLE, RESOURCES, AND CAUSES TO PROMOTE SUSTAINABLE IMPACT TOWARDS THE BETTERMENT OF GRANT COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND SCHOLARSHIP: ACCESS TO ATTAINING AN EDUCATION HAS ALWAYS BEEN IMPORTANT IN GRANT COUNTY. OUR GOAL WITH SCHOLARSHIP AWARDS IS TO HELP AS MANY STUDENTS AS POSSIBLE ATTEND COLLEGE. YEARLY, WE CALCULATE THE AVERAGE COST OF PUBLIC SCHOOL TUITION/FEES/BOOKS TO DEFINE AWARD MAXIMUMS. WE HAVE BEEN DILIGENT WITH SCHOLARSHIPS TO AWARD AMOUNTS THAT WILL BE IMPACTFUL FOR THE STUDENT AND ELIMINATE THE POSSIBILITY OF STUDENT LOAN DEBT. GRANT COUNTY IS AND WILL BE A BETTER PLACE IF WE CAN GIVE OUR COMMUNITY ACCESS TO AN EDUCATION IN A WAY THAT ELIMINATES FINANCIAL DEBT. THE SIGNIFICANT CHANGE THIS PAST YEAR WAS OUR DECISION TO PAY OUT OUR SCHOLARSHIPS EARLY, ESSENTIALLY AWARDING TWO YEARS OF SCHOLARSHIPS WITHIN ONE FISCAL YEAR, TO AVOID STUDENTS HAVING TO PAY LATE FEES TO THEIR COLLEGE BURSAR'S OFFICE.
COMMUNITY DEVELOPMENT: THE COMMUNITY FOUNDATION USES ITS KNOWLEDGE, CONNECTIONS, INFLUENCE, AND RESOURCES TO BUILD POSITIVE CHANGE IN OUR COMMUNITY. ON A REGULAR BASIS WE BRING TOGETHER OTHER NONPROFITS TO SHARE WITH ONE ANOTHER WHAT THEY ARE DOING IN THE COMMUNITY AND BRIDGE THE GAP TO ALLOW FOR FURTHER COLLABORATIONS. WE CURRENTLY HAVE 418 FUNDS THAT WE MANAGE, WE HAVE GRANTED OVER $23 MILLION BACK INTO OUR COMMUNITY TO MAKE GRANT COUNTY A BETTER PLACE TO LIVE, WORK, PLAY, AND PRAY. THOUSANDS OF DONORS FROM ACROSS THE COUNTY, IN A VARIETY OF SOCIO-ECONOMIC SITUATIONS, HAVE CONTRIBUTED TO FUNDS AT THE COMMUNITY FOUNDATION TO SUPPORT PROJECTS OR PROGRAMS THAT CREATE A BETTER QUALITY OF LIFE FOR ALL WHO LIVE HERE.
HEALTH AND HUMAN SERVICES: EMPOWERING THE HUMAN SERVICES NONPROFIT SECTOR IN GRANT COUNTY IS SOMETHING THE COMMUNITY FOUNDATION IS PROUD TO DO ANNUALLY. OUR LOCAL AGENCIES PROVIDE NECESSARY SERVICES TO THOUSANDS OF PEOPLE IN GRANT COUNTY, AND WITHOUT US, IT WOULD BE DIFFICULT TO HELP SO MANY FULLY ACHIEVE THEIR ORGANIZATIONAL MISSIONS. OVER THIS PAST YEAR, WE HAVE GRANTED TO MULTIPLE HEALTH AND HUMAN SERVICE ORGANIZATIONS, PERHAPS MORE THAN ANY PREVIOUS YEAR. DUE TO THE COVID PANDEMIC, WE OPENED A 3-MONTH GRANT CYCLE WHERE WE AWARDED GRANTS WEEKLY TO HEALTH AND HUMAN SERVICES ORGANIZATIONS. THESE ORGANIZATIONS ARE COMMITTED TO WORKING CLOSELY WITH INDIVIDUALS IN OUR COUNTY TO HELP IMPROVE THEIR OVERALL WELL-BEING. THEY SERVE ON THE FRONT LINES TO HOLISTICALLY MONITOR THE HEALTH OF OUR CITIZENS AND FAMILIES AND WE WERE PROUD TO STEP UP OUR GRANTMAKING DURING THIS CRITICAL TIME IN OUR HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Brown President/ceo | Officer | 40 | $97,424 |
Sherri Rush Chief Financial Officer | Officer | 40 | $68,180 |
Dan Carey Board Chair | OfficerTrustee | 2 | $0 |
Kyle Speakman Vice Chairman | OfficerTrustee | 1 | $0 |
Cory Powell Secretary | OfficerTrustee | 1 | $0 |
Marty Harker Treasurer | OfficerTrustee | 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 | $540,600 |
| Noncash contributions included in lines 1a–1f | $2,681 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $540,600 |
| Total Program Service Revenue | $10,947 |
| Investment income | $971,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $287,844 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,810,575 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $791,365 |
| Grants and other assistance to domestic individuals. | $377,522 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $195,425 |
| Compensation of current officers, directors, key employees. | $136,862 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,507 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,930 |
| Payroll taxes | $29,367 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,620 |
| Fees for services: Accounting | $25,735 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,838 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,588 |
| Office expenses | $18,458 |
| Information technology | $67,143 |
| Royalties | $0 |
| Occupancy | $7,291 |
| Travel | $4,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,667 |
| Insurance | $8,685 |
| All other expenses | $6,690 |
| Total functional expenses | $2,036,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $386,984 |
| Savings and temporary cash investments | $2,104,593 |
| Pledges and grants receivable | $0 |
| 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 | $12,338 |
| Net Land, buildings, and equipment | $395,778 |
| Investments—publicly traded securities | $25,697,918 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,761 |
| Total assets | $28,612,372 |
| Accounts payable and accrued expenses | $251 |
| Grants payable | $164,114 |
| Deferred revenue | $9,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,390,595 |
| 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 | $102,862 |
| Total liabilities | $1,666,822 |
| Net assets without donor restrictions | $997,830 |
| Net assets with donor restrictions | $25,947,720 |
| 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 | $28,612,372 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Grant County Indiana Inc has awarded $632,209 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
Marion, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $53,597 |
Marion, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $51,293 |
Marion, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $50,200 |
Marion, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $50,000 |
Marion, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $48,780 |
Marion, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $35,930 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Community Foundation Of Grant County Indiana Inc has recieved totaling $1,130,045.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $1,000,000 |
Fairmount Round Robins Cb Club Inc Marion, IN PURPOSE: TO FULFILL CHARITABLE PURPOSES. | $125,000 |
Allstate Foundation Northbrook, IL PURPOSE: 2021 GROUP LEGACY PROJECT GRANT - KYLE A. TAYLOR | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
Endowment Analysis
| Beg. Balance | $31,219,542 |
| Earnings | -$3,331,649 |
| Admin Expense | $29,783 |
| Net Contributions | $252,741 |
| Grants | $1,512,545 |
| Ending Balance | $26,598,306 |
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 |