Community Foundation Of Madison And Jefferson County Inc
- Assets
- $30.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Madison, IN
- Founding
- 03/1992
- Data as of
- 12/2020
- EIN
- 35-1847297
Organization Overview
Community Foundation Of Madison And Jefferson County Inc is located in Madison, IN. The organization was established in 1992. 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 12/2020, Community Foundation Of Madison And Jefferson County Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Madison And Jefferson County 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 12/2020, Community Foundation Of Madison And Jefferson County Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Community Foundation Of Madison And Jefferson County Inc has awarded 216 individual grants totaling $3,756,554. 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
THE MISSION OF THE COMMUNITY FOUNDATION OF MADISON & JEFFERSON COUNTY IS TO BUILD A STRONG, VIBRANT COMMUNITY BY HELPING DONORS PROVIDE PERPETUAL FUNDING FOR THE PEOPLE, PROJECTS, AND PASSIONS OF JEFFERSON COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS MADE TO LOCAL CHARITIES AND OTHER NON-PROFIT ORGANIZATIONS AND ESTABLISHMENT AND MAINTENANCE OF ENDOWMENT FUNDS.
GRANTS MADE TO LOCAL CHARITIES AND OTHER NON-PROFIT ORGANIZATIONS AND ESTABLISHMENT AND MAINTENANCE OF ENDOWMENT FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr William E Barnes Jr President & CEO | Officer | 40 | $105,524 |
Ann Schwartz Secretary | OfficerTrustee | 2 | $0 |
Stephanie Withered Treasurer | OfficerTrustee | 2 | $0 |
Lynn Maricle Vice Chair | OfficerTrustee | 1 | $0 |
Ben Foley Chair | OfficerTrustee | 2 | $0 |
Betsey Vonderheide Board Member | 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 | $790,876 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $790,876 |
| Total Program Service Revenue | $14,431 |
| Investment income | $580,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$86,574 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,298,744 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $714,802 |
| Grants and other assistance to domestic individuals. | $162,010 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,890 |
| Compensation of current officers, directors, key employees. | $38,072 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,499 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,845 |
| Fees for services: Management | $1,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $76,946 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $131,350 |
| Office expenses | $10,788 |
| Information technology | $21,008 |
| Royalties | $0 |
| Occupancy | $7,588 |
| Travel | $982 |
| 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 | $9,005 |
| Insurance | $20,250 |
| All other expenses | $0 |
| Total functional expenses | $1,455,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $779,039 |
| Savings and temporary cash investments | $133,915 |
| 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 | $353 |
| Net Land, buildings, and equipment | $248,230 |
| Investments—publicly traded securities | $29,186,680 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,348,217 |
| Accounts payable and accrued expenses | $12,455 |
| Grants payable | $8,400 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,009,858 |
| 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 | $16,905 |
| Total liabilities | $1,047,618 |
| Net assets without donor restrictions | $747,558 |
| Net assets with donor restrictions | $28,553,041 |
| 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 | $30,348,217 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Madison And Jefferson County Inc has awarded $747,054 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
Madison, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $38,790 |
Madison, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $38,790 |
FIRST CHRISTIAN CHURCH PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $38,790 |
FIRST CHRISTIAN CHURCH PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $38,790 |
CHRIST EPISCOPAL CHURCH PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $33,100 |
CHRIST EPISCOPAL CHURCH PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $33,100 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community Foundation Of Madison And Jefferson County Inc has recieved totaling $20,032.
| Awarding Organization | Amount |
|---|---|
Birk Foundation Sarasota, FL PURPOSE: TO FURTHER EXEMPT PURPOSE | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Endowment Analysis
| Beg. Balance | $27,380,412 |
| Earnings | $2,594,297 |
| Admin Expense | $310,076 |
| Net Contributions | $522,176 |
| Grants | $865,951 |
| Ending Balance | $29,320,858 |
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 |