Meadows Community Foundation Inc
- Assets
- $179.7k
- Revenue
- $49.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Zionsville, IN
- Founding
- 08/2008
- Data as of
- 12/2023
- EIN
- 26-1595490
Organization Overview
Meadows Community Foundation Inc is located in Zionsville, IN. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meadows 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 12/2023, Meadows Community Foundation Inc generated $49.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $947.2k during the year ending 12/2023. While expenses have increased by 11.0% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MEADOWS COMMUNITY FOUNDATION, INC. IS TO SUPPORT QUALITY EDUCATION, RENEW PRIDE AND CONFIDENCE, PROMOTE REINVESTMENT, AND REVITALIZE THE DISTRESSED INDIANAPOLIS MEADOWS NEIGHBORHOOD AFFECTIONATELY KNOWN AS THE MEADOWS, BY CREATING COLLABORATIONS AMONG RESIDENTS, BUSINESSES, COMMUNITY LEADERS, FOUNDATIONS AND GOVERNMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED SUPPORT FOR THE MEADOWS NEIGHBORHOOD THROUGH INVOLVEMENT IN HOUSING, EDUCATION, AND COMMUNITY LEADERSHIP. THE MEADOWS COMMUNITY FOUNDATION AND OTHER LOCAL COMMUNITY PARTNERS WANT TO IMPROVE THE LIVES OF THOSE LIVING IN THE NORTHEAST NEIGHBORHOOD KNOWN AS THE "MEADOWS." SINCE 2008 TWO CHARTER SCHOOLS, A MULTIFAMILY APARTMENT COMPLEX, AND A WELLNESS/PHYSICAL FITNESS CENTER HAVE BEEN ESTABLISHED. IMPROVEMENTS TO FACILITIES HAVE ALSO BEEN MADE. PROJECTS INCLUDE A RETAIL CENTER FEATURING SAVE-A-LOT AND GOODWILL STORES. SOME PARTNERS IN OUR EFFORTS INCLUDE: PURPOSE BUILT COMMUNITIES (THE ENTITY ALSO PROVIDING THE MODEL FOR SUCH NEIGHBORHOOD CHANGES), STRATEGIC CAPITAL PARTNERS, CITY OF INDIANAPOLIS, HEALTHNET, YMCA, UNEC, CICF, LILLY ENDOWMENT, AND UNITED WAY OF CENTRAL INDIANA. 2023 WAS A YEAR MCF CONTINUED TO REVITALIZE THE MEADOWS COMMUNITY BY TRANSITIONING THE RETAIL CENTER OWNERSHIP AND OPERATIONS TO AN ENTITY THAT WAS COMMITTED TO THE NEIGHBORHOOD AND WOULD SUSTAIN NEIGHBORHOOD STABILITY OVER THE LONG TERM. ALSO, IN 2023 CONSTRUCTION FOR QUALITY HOUSING STARTED ON LAND SOLD BY MCF AND AFFILIATES FOR SUCH A DEVELOPMENT. THIS DEVELOPMENT ALSO CAUSED NEIGHBORING HOUSING UNITS TO REVITALIZE, IMPROVING THE QUALITY OF THAT HOUSING AND THEIR RESIDENCE. CRIME IN THE AREA CONTINUES TO DECLINE DUE TO SUCH DEVELOPMENT EFFORTS. THE LAST PIECE OF LAND OWNED BY MCF, INC. AND AFFILIATES WAS SOLD TO A LOCAL BUSINESS FOR FUTURE EXPANSION FOR INCREASED EMPLOYMENT OPPORTUNITIES FOR NEIGHBORHOOD RESIDENTS. IN 2023 THE LAND WAS BEING WELL MAINTAINED ENHANCING THE BEAUTY/QUALITY OF THE NEIGHBORHOOD. NO DATE HAS BEEN SET FOR THE EXPANSION AT THIS TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale F Depoy Assistant Treasurer | OfficerTrustee | 1 | $10,000 |
John T Neighbours Board President | OfficerTrustee | 3 | $0 |
Albert Smith Treasurer | OfficerTrustee | 1 | $0 |
Moira Carlsted Director | Trustee | 1 | $0 |
Ellen Annala Director | Trustee | 1 | $0 |
Mark Webster Director | 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 | $471 |
| Investment income | $38,894 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,365 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $5,078 |
| Fees for services: Accounting | $8,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,698 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,929 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,959 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $947,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,870 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,667 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $147,199 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $179,736 |
| Accounts payable and accrued expenses | $11,500 |
| 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 | $11,500 |
| Net assets without donor restrictions | $168,236 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $179,736 |