Community Foundation Of Wabash County Inc

Organization Overview

Community Foundation Of Wabash County Inc is located in North Manchester, IN. The organization was established in 1962. 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, Community Foundation Of Wabash County Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Wabash 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 12/2021, Community Foundation Of Wabash County Inc generated $10.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 9.1% 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, Community Foundation Of Wabash County Inc has awarded 259 individual grants totaling $8,059,263. 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 COMMUNITY FOUNDATION OF WABASH COUNTY SERVES THE CITIZENS OF WABASH COUNTY BY IMPLEMENTING THEIR CHARITABLE ASPIRATIONS, MAKING GRANTS, INVESTING AND SAFEGUARDING CHARITABLE ASSETS, PROVIDING INFORMATION REGARDING CHARITABLE ENDEAVORS, AND CONVENING CITIZENS AND LINKING RESOURCES TO ADDRESS ISSUES CONFRONTING OUR SHARED LIVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COMMUNITY FOUNDATION ACCEPTS GRANT APPLICATIONS FROM AREA ORGANIZATIONS TWO TIMES A YEAR AND AT ITS DISCRETION WITHOUT ADVICE OR RECOMMENDATIONS FROM A DONOR, OR ANY PERSONS DESIGNATED BY THE DONOR(S), AWARDS GRANTS FOR CHARITABLE PURPOSES WHICH ENRICH LIFE IN WABASH COUNTY BY RESPONDING TO EMERGING AND CHANGING NEEDS AND BY SUSTAINING EXISTING ORGANIZATIONS AND INSTITUTIONS IN SUPPORT OF ARTS AND CULTURE, COMMUNITY AND CIVIC DEVELOPMENT, HEALTH AND HUMAN SERVICES, EDUCATION, RECREATION, AND THE ENVIRONMENT.


THE COMMUNITY FOUNDATION PROVIDES GRANTS TO INDIVIDUALS IN THE FORM OF SCHOLARSHIPS. WE ALSO PROVIDE ASSISTANCE TO INDIVIDUALS FOR BASIC NEEDS DURING A TIME OF FINANCIAL CRISIS BROUGHT ON BY A MEDICAL CONDITION. THE COMMUNITY FOUNDATION ALSO MAKES GRANTS FROM FIELD OF INTEREST ENDOWMENTS, WHICH PROVIDE SUPPORT FOR SPECIFIED CHARITABLE PURPOSES. GRANTS ARE MADE WITH AND WITHOUT ADVICE OR RECOMMENDATIONS FROM THE DONOR OR ANY PERSON DESIGNATED BY THE DONOR.


THE COMMUNITY FOUNDATION GRANTS TO SPECIFIED PUBLIC CHARITIES AS NAMED BY DONORS OF DESIGNATED ENDOWMENTS. DESIGNATED ENDOWMENTS PROVIDE FINANCIAL SUPPORT IN PERPETUITY TO ORGANIZATIONS WHOSE MISSIONS INCLUDE THE ADVANCEMENT OF HEALTH AND HUMAN SERVICES, EDUCATION, FITNESS AND RECREATION, ARTS AND CULTURE, COMMUNITY AND CIVIC DEVELOPMENT, AND THE ENVIRONMENT.


PROMISE SCHOLARSHIPS ARE AWARDED TO HELP STUDENTS PAY FOR A COLLEGE OR CAREER EDUCATION AFTER HIGH SCHOOL. PROMISE SCHOLARSHIPS ARE EARNED IN GRADES 4 THROUGH 8 THROUGH IN-SCHOOL CLASSROOM ACHIEVEMENTS AND REGULAR SAVINGS. SCHOLARSHIPS ARE AWARDED TO A STUDENT'S EARLY AWARD SCHOLARSHIP FUND, WHICH IS ADMINISTERED BY THE COMMUNITY FOUNDATION.


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Board, Officers & Key Employees

Name (title)Compensation
Patricia Grant
Executive Di
$114,704
Brian Howenstine
President
$0
Brian Peas
Treasurer
$0
Russell Coulter-Kern
Vice Preside
$0
Jan Fahs
Secretary
$0
James Smith
Director
$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$5,706,041
Noncash contributions included in lines 1a–1f $331,887
Total Revenue from Contributions, Gifts, Grants & Similar$5,706,041
Total Program Service Revenue$533,629
Investment income $2,779,926
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,715,418
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,746,014

Grants Awarded

Over the last fiscal year, Community Foundation Of Wabash County Inc has awarded $1,207,203 in support to 46 organizations.

Grant RecipientAmount

WABASH COUNTY YMCA

Org PageRecipient Profile

Wabash, IN

PURPOSE: DESIGNATED SCHEDULED

$292,104

HONEYWELL FOUNDATION INC

Org PageRecipient Profile

Wabash, IN

PURPOSE: DONOR ADVISED

$114,427

NORTH MANCHESTER PUBLIC LIBRARY

PURPOSE: DESIGNATED REQUEST

$70,100

GROW WABASH COUNTY

Org PageRecipient Profile

Wabash, IN

PURPOSE: STRATEGIC INITIATIVE

$65,000

PARKVIEW WABASH HOSPITAL FOUNDATION

Org PageRecipient Profile

Wabash, IN

PURPOSE: DESIGNATED SCHEDULED

$52,135

INDIANA LANDMARKS

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: GOOD DEEDS

$50,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Community Foundation Of Wabash County Inc has recieved totaling $2,924,050.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$1,754,550
8020 Foundation Tr

Fort Wayne, IN

PURPOSE: CAPITAL BUILDING

$500,000
Charles Stewart Mott Foundation

Flint, MI

PURPOSE: TO IMPLEMENT A COUNTY-WIDE CHILDREN'S SAVINGS ACCOUNT INITIATIVE AND MODEL HOW CHILDREN'S SAVINGS ACCOUNT INITIATIVES CAN COMPLEMENT TRADITIONAL SCHOLARSHIP PROGRAMS.

$279,000
Ford Meter Box Foundation Inc

Wabash, IN

PURPOSE: WABASH RECOVERY SERVICES WAYPOINT

$100,000
Early Learning Indiana Inc

Indianapolis, IN

PURPOSE: STRONG START COMMUNITY GRANT

$100,000
Charles Stewart Mott Foundation

Flint, MI

PURPOSE: TO IMPLEMENT A COUNTY-WIDE CHILDREN'S SAVINGS ACCOUNT INITIATIVE AND MODEL HOW CHILDREN'S SAVINGS ACCOUNT INITIATIVES CAN COMPLEMENT TRADITIONAL SCHOLARSHIP PROGRAMS.

$100,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$58,895,345
Earnings$6,334,619
Admin Expense$493,109
Net Contributions$3,213,725
Grants$2,460,748
Ending Balance$65,489,832

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