Community Foundation Of Northwest Indiana Inc
- Assets
- $1.2b
- Revenue
- $126.8m
- Investments
- $0.0
- Employees
- 951
- Location
- Munster, IN
- Founding
- 07/1985
- Data as of
- 06/2020
- EIN
- 31-1128781
Organization Overview
Community Foundation Of Northwest Indiana Inc is located in Munster, IN. The organization was established in 1985. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Community Foundation Of Northwest Indiana Inc employed 951 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Northwest 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 06/2020, Community Foundation Of Northwest Indiana Inc generated $126.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $127.4m during the year ending 06/2020. While expenses have increased by 2.6% per year over the past 6 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, Community Foundation Of Northwest Indiana Inc has awarded 97 individual grants totaling $4,040,350. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SUPPORT FOR ACTIVITIES OF THE AFFILIATED HOSPITALS TO ENGAGE IN THE BETTERMENT OF THE GENERAL HEALTH OF THE COMMUNITIES SERVED WITHIN NORTHWEST INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY FOUNDATION OF NORTHWEST INDIANA, INC. PROVIDES SHARED SERVICES TO THE SUPPORTED ORGANIZATIONS COLLECTIVELY REFERRED TO AS COMMUNITY HEALTHCARE SYSTEM. THESE SERVICES INCLUDE FINANCE AND ACCOUNTING, MATERIALS MANAGEMENT, PATIENT ACCOUNTING, TRANSCRIPTION SERVICES, MEDICAL RECORDS, LEGAL, HUMAN RESOURCES, INFORMATION TECHNOLOGY, PAYROLL, ACCOUNTS PAYABLE, COMMUNICATION SERVICES, AND BUSINESS DEVELOPMENT. CFNI ENGAGES IN ACTIVITIES FOR THE BETTERMENT OF THE GENERAL HEALTH OF THE COMMUNITIES SERVED AND ALSO PROVIDE SUPPORT FOR COMMUNITY-BASED PROJECTS TO PROMOTE THE CULTURAL, EDUCATIONAL, AND CHARITABLE COMMUNITY OF NORTHWEST INDIANA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald P Fesko President & CEO | OfficerTrustee | 40 | $1,209,637 |
Mary Ann Shacklett Sr VP Fin. CFO (until 6/30/21) | Officer | 40 | $714,111 |
Alan Kumar MD Sr VP Medical Affairs & Cmio | Officer | 40 | $601,550 |
Felix Gozo Jr MD Med Dir Of Cv/cardio Rehab/qa | 40 | $398,621 | |
Anthony Ferracane VP Human Resources | Officer | 40 | $395,521 |
Kevin Mybeck VP Managed Care | Officer | 40 | $377,394 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rehabcare Group Inc Rehab Services | 6/29/21 | $8,546,680 |
Laboratory Corp Of America Medical Services | 6/29/21 | $5,827,029 |
The Pangere Corporation Construction | 6/29/21 | $9,124,026 |
Lakeshore Anesthesia Pc Medical Services | 6/29/21 | $3,514,129 |
Fresenius Management Services Inc Medical Services | 6/29/21 | $3,342,078 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,341 |
| Investment income | $23,411,236 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$97,691 |
| Net Gain/Loss on Asset Sales | -$2,598,920 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,811,677 |
| Statement of Expenses | |
|---|---|
| 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. | $6,390,793 |
| Compensation to disqualified persons | $140,397 |
| Other salaries and wages | $38,931,971 |
| Pension plan accruals and contributions | $1,501,156 |
| Other employee benefits | $5,242,973 |
| Payroll taxes | $3,184,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $965,377 |
| Fees for services: Accounting | $910,509 |
| Fees for services: Lobbying | $111,436 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,936,000 |
| Fees for services: Other | $10,530,251 |
| Advertising and promotion | $944,863 |
| Office expenses | $4,325,774 |
| Information technology | $21,119,367 |
| Royalties | $0 |
| Occupancy | $1,734,155 |
| Travel | $153,574 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,882 |
| Interest | $13,715,882 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,598,065 |
| Insurance | $682,486 |
| All other expenses | $0 |
| Total functional expenses | $127,351,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,875,509 |
| 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 | $7,236,789 |
| Investments—publicly traded securities | $1,088,896,187 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,386,841 |
| Other assets | $29,115,909 |
| Total assets | $1,186,890,070 |
| Accounts payable and accrued expenses | $56,631,568 |
| Grants payable | $0 |
| Deferred revenue | $4,125 |
| Tax-exempt bond liabilities | $327,618,563 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $55,619,204 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,195,912 |
| Total liabilities | $452,069,372 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $734,820,698 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Northwest Indiana Inc has awarded $219,011 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
West Lafayette, IN PURPOSE: SPONSORSHIP | $50,000 |
Griffith, IN PURPOSE: CONTRIBUTION | $40,000 |
Indianapolis, IN PURPOSE: CONTRIBUTION | $20,411 |
Merrillville, IN PURPOSE: SPONSORSHIP | $20,000 |
Merrillville, IN PURPOSE: SPONSORSHIP | $15,000 |
Munster, IN PURPOSE: SPONSORSHIP | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Foundation Of Northwest Indiana Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Caleel Foundation Inc Oak Brook, IL PURPOSE: FUND OPERATIONS OF THE ORGANIZATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Horizons Kansas City, MO | $1,654,842,327 | $502,654,342 |
Community Foundation Of Northwest Indiana Inc Munster, IN | $1,186,890,070 | $126,811,677 |
Gift Clearing Trust Indianapolis, IN | $47,036,280 | $91,256,862 |
Sojourner Foundation Inc Milwaukee, WI | $5,493,853 | $4,205,530 |
Bloomington-Normal Ymca Charitable Foundation Nfp Bloomington, IL | $12,002,532 | $7,012,515 |
Moose Foundation Inc Mooseheart, IL | $261,014,797 | $19,670,612 |
Upic Solutions Inc Fort Mitchell, KY | $2,371,554 | $6,046,013 |
West Bend Community Foundation Inc Milwaukee, WI | $79,149,428 | $10,575,689 |
Glasser And Rosenthal Family Foundation Chicago, IL | $0 | $604,291 |
Arthur Dean Family Foundation Inc Fishers, IN | $75,273,545 | $2,866,490 |
Real Estate Charitable Foundation Kansas City, MO | $43,935,265 | $4,204,580 |
Barbara Mettler Personal Tr Champaign, IL | $0 | $38,620 |