Franklin County Community Foundation Inc
- Assets
- $10.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Brookville, IN
- Founding
- 02/1998
- Data as of
- 08/2022
- 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 08/2022, 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 08/2022, Franklin County Community Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.1m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Franklin County Community Foundation Inc has awarded 86 individual grants totaling $2,899,569. 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
2022
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. 57 SCHOLARSHIPS TO STUDENTS AND 81 GRANTS TO SCHOOLS, GOVERNMENTAL UNITS AND TAX-EXEMPT ORGANIZATIONS WERE DISTRIBUTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Lunsford Executive Director | Officer | 40 | $53,301 |
Rhonda Hofer Secretary | OfficerTrustee | 1 | $0 |
Jake Linkel Treasurer | OfficerTrustee | 1 | $0 |
Andy Shultz President | OfficerTrustee | 1 | $0 |
Molly Brier Vice President | OfficerTrustee | 1 | $0 |
Linda Rosenberger Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $69,150 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,055,691 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,124,841 |
| Total Program Service Revenue | $0 |
| Investment income | $275,622 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,800 |
| Net Gain/Loss on Asset Sales | $114,989 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,524,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $698,456 |
| Grants and other assistance to domestic individuals. | $80,869 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $54,637 |
| Compensation of current officers, directors, key employees. | $10,927 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,054 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,336 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,893 |
| Fees for services: Other | $2,250 |
| Advertising and promotion | $17,314 |
| Office expenses | $7,021 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,277 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,076 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,111 |
| Insurance | $3,514 |
| All other expenses | $0 |
| Total functional expenses | $1,096,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $518,876 |
| Savings and temporary cash investments | $739,927 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $369,662 |
| 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 | $0 |
| Net Land, buildings, and equipment | $179,124 |
| Investments—publicly traded securities | $8,468,521 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,276,110 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $146,893 |
| 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 | $146,893 |
| Net assets without donor restrictions | $3,921,725 |
| Net assets with donor restrictions | $6,207,492 |
| 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 | $10,276,110 |
Grants Awarded
Over the last fiscal year, Franklin County Community Foundation Inc has awarded $619,141 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Brookville, IN PURPOSE: GENERAL SUPPORT AND ENDOWMENT FUND GRANT | $430,750 |
Brookville, IN PURPOSE: GENERAL SUPPORT; GENERAL PASS THROUGH | $57,300 |
Brookville, IN PURPOSE: GENERAL SUPPORT FOR THE ART COUNCIL | $48,480 |
FRANKLIN COUNTY CHAMBER OF COMMERCE PURPOSE: GENERAL SUPPORT AND PASS THROUGH GRANT | $21,840 |
Brookville, IN PURPOSE: LITTLE CEDAR GROVE BAPTIST CHURCH CEILING PAINTING AND REPAIR | $11,920 |
Batesville, IN PURPOSE: GENERAL SUPPORT, GENERAL PASS THROUGH, AND HELPING WITH FUNDING FOR THE TELE HEALTH IN SCHOOLS | $10,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Franklin County Community Foundation Inc has recieved totaling $117,073.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: INDIANA COMMUNITY FDN INITIATIVE | $100,000 |
Whitetails Unlimited Inc Sturgeon Bay, WI PURPOSE: PROGRAM | $17,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $73 |
Endowment Analysis
| Beg. Balance | $8,464,772 |
| Earnings | -$613,596 |
| Net Contributions | $406,341 |
| Grants | $338,420 |
| Ending Balance | $7,919,097 |
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 |