Owen County Community Foundation

Organization Overview

Owen County Community Foundation is located in Spencer, IN. The organization was established in 1995. 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, Owen County Community Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Owen County Community Foundation 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, Owen County Community Foundation generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 12.6% 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 2014, Owen County Community Foundation has awarded 57 individual grants totaling $1,427,412. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE OWEN COUNTY COMMUNITY FOUNDATION IS COMMITTED TO ENHANCING THE QUALITY OF LIFE FOR ALL CITIZENS OF OWEN COUNTY, NOW AND FOR GENERATIONS TO COME. TO BE THE TRUSTWORTHY RESOURCE FOR PHILANTHROPY BY BUILDING A PERMANENT ENDOWMENT, ADDRESSING NEEDS THROUGH GRANTMAKING, AND PROVIDING LEADERSHIP RESOURCES TO SERVE OUR COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS AND SCHOLARSHIPS: ACHIEVEMENT OF THIS PROGRAM'S PURPOSE PROVIDES SUPPORT FOR ORGANIZATIONS PERFORMING CHARITABLE WORK IN OWEN COUNTY TO HELP MAKE OUR COMMUNITIES BECOME BETTER PLACES TO GROW, WORK AND LIVE AS WELL AS TO HELP THESE GROUPS REMAIN RELEVANT OVER TIME AND RESPONSIVE TO CHANGING CIRCUMSTANCES. SCHOLARSHIP GRANTS TO INDIVIDUALS HELP STUDENTS PURSUE THEIR ACADEMIC GOALS AND HELP RAISE THE LEVEL OF EDUCATIONAL ATTAINMENT IN OWEN COUNTY.


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Board, Officers & Key Employees

Name (title)Compensation
Janet Rummel
President/ceo
$79,550
David Friedel
Chairperson
$0
Myrna Fields
Secretary
$0
Kaye Erney
Treasurer
$0
Rob Babbs
Vice-Chairperson
$0
Amber Mullin
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$48,537
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,655,778
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,704,315
Total Program Service Revenue$22,746
Investment income $247,298
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $879,949
Net Income from Fundraising Events $427
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,854,735

Grants Awarded

Over the last fiscal year, Owen County Community Foundation has awarded $277,873 in support to 13 organizations.

Grant RecipientAmount

TOWN OF SPENCER

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$51,492

OWEN COUNTY CHAMBER OF COMMERCE & EDC

Org PageRecipient Profile

Spencer, IN

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$43,206

AREA 10 AGENCY ON AGING

Org PageRecipient Profile

Ellettsville, IN

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$41,040

SPENCER PRIDE INC

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$35,000

OWEN COUNTY PUBLIC LIBRARY

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$25,000

OWEN COUNTY SOIL & WATER CONSERVATION DISTRICT

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$23,250
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Owen County Community Foundation has recieved totaling $170,938.

Awarding OrganizationAmount
Regional Opportunity Initiatives Inc

Bloomington, IN

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$91,067
United Way Of Monroe County Inc

Bloomington, IN

PURPOSE: COVID programs

$62,008
The Duke Energy Foundation

Charlotte, NC

PURPOSE: CLIMATE RESILIENCY

$10,000
Indiana Philanthropy Alliance Foundation Inc

Indianapolis, IN

PURPOSE: Intern Program

$7,153
Land O L Foundation

St Paul, MN

PURPOSE: MEMBER CO-OP MATCHES

$500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$210
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,907,698
Earnings$1,425,945
Admin Expense$196,846
Net Contributions$1,376,798
Grants$112,696
Ending Balance$11,400,899

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