Franklin County Community Foundation Inc
- Assets
- $10.9m
- Revenue
- $833.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Brookville, IN
- Founding
- 02/1998
- Data as of
- 08/2023
- EIN
- 35-2034336
Organization Overview
Franklin County Community Foundation Inc is located in Brookville, 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 08/2023, Franklin County Community Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin County Community Foundation 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 08/2023, Franklin County Community Foundation Inc generated $833.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $790.1k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Franklin County Community Foundation Inc has awarded 74 individual grants totaling $2,239,200. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO NURTURE AND FACILITATE A SPIRIT OF GIVING AND GIVING BACK FOR THE BETTERMENT OF FRANKLIN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY GRANTS AND COLLEGE SCHOLARSHIPS FOR FRANKLIN COUNTY STUDENTS. 59 SCHOLARSHIPS TO STUDENTS AND 66 GRANTS TO SCHOOLS, GOVERNMENTAL UNITS AND TAX-EXEMPT ORGANIZATIONS WERE DISTRIBUTED.
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 |
|---|---|---|---|
Laura Frondorf Secretary | OfficerTrustee | 1 | $0 |
Chad Mears Board Member | Trustee | 1 | $0 |
Carrie Gillman Board Member | Trustee | 1 | $0 |
Andy Shultz President | OfficerTrustee | 1 | $0 |
Rhonda Kerr Board Member | Trustee | 1 | $0 |
John Seale Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,459 |
| All other contributions, gifts, grants, and similar amounts not included above | $455,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $547,209 |
| Total Program Service Revenue | $0 |
| Investment income | $314,493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,800 |
| Net Gain/Loss on Asset Sales | -$38,696 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $833,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $303,405 |
| Grants and other assistance to domestic individuals. | $110,785 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $56,454 |
| Compensation of current officers, directors, key employees. | $11,291 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,164 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,523 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,053 |
| Fees for services: Other | $1,000 |
| Advertising and promotion | $28,527 |
| Office expenses | $8,677 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,791 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,210 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,040 |
| Insurance | $3,817 |
| All other expenses | $17,879 |
| Total functional expenses | $790,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357,051 |
| Savings and temporary cash investments | $514,821 |
| Pledges and grants receivable | $198,383 |
| Accounts receivable, net | $3,564 |
| 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 | $10,218 |
| Net Land, buildings, and equipment | $171,311 |
| Investments—publicly traded securities | $9,678,536 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,933,884 |
| Accounts payable and accrued expenses | $3,564 |
| Grants payable | $28,407 |
| 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 | $0 |
| Total liabilities | $31,971 |
| Net assets without donor restrictions | $4,160,069 |
| Net assets with donor restrictions | $6,741,844 |
| 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 | $10,933,884 |
Grants Awarded
Over the last fiscal year, Franklin County Community Foundation Inc has awarded $209,350 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FRANKLIN COUNTY ARTS COUNCIL PURPOSE: GENERAL SUPPORT FOR THE ART COUNCIL | $57,570 |
MAIN STREET BROOKVILLE INC PURPOSE: GENERAL SUPPORT; GENERAL PASS THROUGH | $56,646 |
ST MICHAEL SCHOOL PURPOSE: ALGEBRA TOOLS; STUDENT SEATING; GRIDDED MATH BOARDS; STEM KITS; AND WHITE BOARDS AND ENDOWMENT FUND GRANTS | $6,740 |
WHITEWATER CANAL TRAIL PURPOSE: GENERAL SUPPORT AND ENDOWMENT FUND GRANT | $38,190 |
FRANKLIN COUNTY 4-H ASSOCIATION PURPOSE: DESIGNATED GRANT DISTRIBUTION | $12,278 |
FRANKLIN COUNTY COMMUNITY SCHOOL CORP PURPOSE: DESIGNATED GRANT DISTRIBUTION | $5,281 |