Porter County Government Charitable Nonprofit Foundation Inc
- Assets
- $195.3m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Valparaiso, IN
- Founding
- Data as of
- 12/2021
- EIN
- 81-1539044
Organization Overview
Porter County Government Charitable Nonprofit Foundation Inc is located in Valparaiso, IN. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Porter County Government Charitable Nonprofit 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 12/2021, Porter County Government Charitable Nonprofit Foundation Inc generated $7.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $8.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PORTER COUNTY GOVERNMENT CHARITABLE NONPROFIT FOUNDATION PCGCNF IS A PUBLIC BENEFIT CORPORATION FORMED TO BENEFIT PERFORM AND CARRY OUT THE CHARITABLE SCIENTIFIC AND EDUCATIONAL PURPOSES OF PORTER COUNTY AND TO LESSEN THE BURDEN OF PORTER COUNTY GOVERNMENT IN PROVIDING PUBLIC SERVICES. THIS MISSION IS ACCOMPLISHED THROUGH THE FOUNDATION'S OVERSIGHT OF THE SALE OF COUNTY CAPITAL ASSETS IN TRUST IN ACCORDANCE WITH INDIANA CODE 36-1-14-3.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ACCORDANCE WITH IC 36-1-14-3 THE PORTER COUNTY GOVERNMENT CHARITABLE NONPROFIT FOUNDATION PCGCNF ANNUALLY DISTRIBUTES TO PORTER COUNTY GOVERNMENT UP TO 5% OF THE TOTAL RETURN ON ITS ASSETS. IN 2021 THE DISTRIBUTION FROM THE 2020 EARNINGS TOTALED $8,300,246. IN ACCORDANCE WITH POLICIES ESTABLISHED BY THE PRIMARY GOVERNMENT THIS DISTRIBUTION IS PLACED IN A COUNTY HOLDING FUND. ANNUALLY THE COUNTY'S FISCAL BODY ADOPTS A BUDGET THAT ESTABLISHES HOW THE PROCEEDS WILL BE EXPENDED. THE AMOUNT OF THE ANNUAL DISTRIBUTION NECESSARY TO FUND THIS BUDGET IS TRANSFERRED TO A SECOND BUDGETARY FUND. THE BALANCE REMAINS IN THE HOLDING FUND FOR FUTURE USE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Clancy Porter County Treasurer | Officer | 1 | $0 |
Scott Mcclure Porter County Attorney | Officer | 2 | $0 |
Vicki Urbanik Randall Porter County Auditor | Officer | 2 | $0 |
Sylvia Graham Porter County Council Member | Trustee | 1 | $0 |
Michael Brickner Porter County Council Member | Trustee | 1 | $0 |
Jeffrey Good Porter County Commissioner President | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $6,346,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,292,420 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,720,193 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,300,246 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,381,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,879,115 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $191,398,475 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $195,277,590 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $195,277,590 |
| Total liabilities and net assets/fund balances | $195,277,590 |
Endowment Analysis
| Beg. Balance | $150,544,889 |
| Earnings | $22,957,583 |
| Admin Expense | $28,426 |
| Net Contributions | $28,426 |
| Ending Balance | $173,502,472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |
Community Foundation For The Land Of Lincoln Inc Springfield, IL | $62,800,465 | $16,636,147 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Chicago Cubs Charities Chicago, IL | $11,765,252 | $2,315,259 |
Delta Dental Of Illinois Foundation Naperville, IL | $25,024,389 | $3,455,775 |