Community Foundation Partnership Inc
- Assets
- $29.6m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Bedford, IN
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 35-1889139
Organization Overview
Community Foundation Partnership Inc, operating under the name Lawrence Martin Co Comm Foundations, is located in Bedford, IN. The organization was established in 1998. 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, Lawrence Martin Co Comm Foundations employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence Martin Co Comm Foundations 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, Lawrence Martin Co Comm Foundations generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 17.1% 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, Lawrence Martin Co Comm Foundations has awarded 152 individual grants totaling $4,848,357. 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
TO IMPROVE THE QUALITY OF LIFE BY PROVIDING PHILANTHROPIC LEADERSHIP AND BUILDING PERMANENT ENDOWMENTS THAT ENABLE DONORS TO MAKE LASTING INVESTMENTS IN LAWRENCE AND MARTIN COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTRAL PURPOSE OF CFP IS TO SERVE THE NEEDS AND PHILANTHROPIC AIMS OF DONORS WHO WISH TO BETTER THEIR COMMUNITY, NOW AND IN THE FUTURE. WE DO THIS BY PROVIDING DONORS WITH FLEXIBLE, EFFICIENT, AND TAX-EFFECTIVE WAYS TO ENSURE CHARITABLE GIVING ACHIEVES THE GREATEST POSSIBLE IMPACT. THE FOUNDATION PROVIDES SCHOLARSHIPS FOR STUDENTS AND AWARD PROJECTS AND PROGRAM GRANTS TO VARIOUS 501(C)3 ENTITIES.
THE FOUNDATION IN CONJUNCTION WITH THE LILLY ENDOWMENT COMMUNITY SCHOLARSHIP PROGRAM PROMOTES THE SCHOLARSHIP WITHIN LAWRENCE AND MARTIN COUNTIES. THE FOUNDATION RECEIVES FUNDS ANNUALLY FROM LILLY ENDOWMENT INC. FOR THE PROMOTION. THE PROMOTION CONSISTS OF ADVERTISING, PERFORMING THE SELECTION PROCESS, RECOMMENDING, AND THEN AWARDING THE LILLY SCHOLARSHIP PROGRAM WITHIN LAWRENCE AND MARTIN COUNTIES.
THE FOUNDATION CONDUCTS EDUCATIONAL PROGRAMS AND EVENTS FOR THE COMMUNITY, AND ADVISORS. THE FOUNDATION THROUGH PRINTED NEWSPAPER ADVERTISEMENTS, WEBSITE AND PUBLICATIONS PROVIDES PRINTABLE RESOURCES TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Esperanza Flores CEO | Officer | 40 | $99,758 |
Jo Ann Kasprzycki Treasurer | OfficerTrustee | 1 | $0 |
Annie Bullock Vice-Preside | OfficerTrustee | 1 | $0 |
Alan Lagree President | OfficerTrustee | 1 | $0 |
Garry Smith Secretary | OfficerTrustee | 1 | $0 |
Brent Maudlin Board | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,650 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,564,693 |
| Noncash contributions included in lines 1a–1f | $458,685 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,624,343 |
| Total Program Service Revenue | $852,368 |
| Investment income | $591,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $406,538 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,475,030 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,801,796 |
| 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 | $238,370 |
| Pension plan accruals and contributions | $7,822 |
| Other employee benefits | $919 |
| Payroll taxes | $22,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $103,298 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,980 |
| Office expenses | $29,323 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,887 |
| Travel | $3,345 |
| 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 | $13,400 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,624,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,391 |
| Savings and temporary cash investments | $1,086,313 |
| 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 | $3,580 |
| Net Land, buildings, and equipment | $865,201 |
| Investments—publicly traded securities | $27,545,701 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,794 |
| Total assets | $29,604,980 |
| Accounts payable and accrued expenses | $17,436 |
| Grants payable | $60,867 |
| 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 | $468,200 |
| Total liabilities | $546,503 |
| Net assets without donor restrictions | $27,986,997 |
| Net assets with donor restrictions | $1,071,480 |
| 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 | $29,604,980 |
Grants Awarded
Over the last fiscal year, Community Foundation Partnership Inc has awarded $1,791,796 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
OPERATING GRANTS5000 PURPOSE: CHARITABLE EDUCATION | $1,287,272 |
CITY OF LOOGOOTEECITY OF LOOGOOTEE PURPOSE: CHARITABLE | $126,484 |
LOOGOOTEE UNITED METHODIST CHURCHLOOGOOTEE UNITED METHODIST CHURCH PURPOSE: CHARITABLE | $41,360 |
Springville, IN PURPOSE: CHARITABLE | $35,206 |
Mitchell, IN PURPOSE: CHARITABLE | $32,000 |
Shoals, IN PURPOSE: CHARITABLE | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Community Foundation Partnership Inc has recieved totaling $648,375.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Southern Indiana Inc New Albany, IN PURPOSE: DESIGNATED FUND DISTRIBUTION FOR MARTIN COUNTY, INDIANA | $551,420 |
Indiana University Health Bloomingon Inc Indianapolis, IN PURPOSE: COMMUNITY PROGRAMS | $85,000 |
Hoosier Uplands Economic Development Corporation Mitchell, IN PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $1,883 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $47 |
Baird Foundation Inc Milwaukee, WI PURPOSE: GENERAL SUPPORT | $25 |
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 |