Crown Point Community Foundation Inc
- Assets
- $36.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Crown Point, IN
- Founding
- 02/1991
- Data as of
- 12/2023
- EIN
- 31-0247014
Organization Overview
Crown Point Community Foundation Inc is located in Crown Point, IN. The organization was established in 1991. 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 12/2023, Crown Point Community Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crown Point 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, Crown Point Community Foundation Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 8 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 2016, Crown Point Community Foundation Inc has awarded 362 individual grants totaling $6,836,007. 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 ENRICH THE QUALITY OF LIFE IN CROWN POINT AND SOUTH LAKE COUNTY INDIANA BY INSPIRING GENEROSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A PUBLIC, TAX-EXEMPT, PHILANTHROPIC ORGANIZATION, THE CROWN POINT COMMUNITY FOUNDATION (CPCF) SOLICITS AND DEVELOPS ENDOWED AND NON-ENDOWED FUNDS BENEFITING NOT-FOR-PROFIT ORGANIZATIONS. THE CPCF CONSIDERS AND MAKES GRANTS TO OUR NONPROFIT PARTNERS FOR FUNDING OPPORTUNITIES INCLUDING, BUT NOT LIMITED TO: EDUCATION, HEALTH & HUMAN SERVICES, CIVIC AFFAIRS, PRESERVATION, ARTS & CULTURE, YOUTH DEVELOPMENT, AND RELIGION PROGRAMS. THESE GRANT DISTRIBUTIONS HELP TO ENRICH THE QUALITY OF LIFE FOR CITIZENS PRIMARILY IN CROWN POINT AND SOUTH LAKE COUNTY INDIANA. THE GRANTS ENABLE THE CPCF TO RESPOND TO THE CHANGING NEEDS OF THE COMMUNITIES WE SERVE.
OUR DONORS AND THE COMMUNITY ALSO SUPPORT OUR THRIVING SCHOLARSHIP PROGRAM. THE CPCF SCHOLARSHIP PROGRAM PROVIDES FUNDING TO STUDENTS PURSUING ADVANCED DEGREES AND FOR VOCATIONAL STUDIES. IN 2023, THE FOUNDATION AWARDED 151 SCHOLARSHIPS TOUCHING STUDENTS IN NEED OF FINANCIAL ASSISTANCE. THE CPCF WORKS WITH DONORS TO INSURE THEIR DONOR INTENTION. WORKING WITH DONORS, THE CPCF IDENTIFIES THE CRITERIA AND ADMINISTERS THE SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Ballou Director | Trustee | 2 | $0 |
Jeffrey Ban Director | Trustee | 2 | $0 |
Indira Brigham Director | Trustee | 2 | $0 |
Dan Duncan Director | Trustee | 2 | $0 |
Kevin Huseman Director | Trustee | 2 | $0 |
Dean Jones Director | Trustee | 2 | $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 | $680,417 |
| Noncash contributions included in lines 1a–1f | $5,122 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $680,417 |
| Total Program Service Revenue | $0 |
| Investment income | $1,009,722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $653,191 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,343,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,032,942 |
| Grants and other assistance to domestic individuals. | $451,717 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,753 |
| Compensation of current officers, directors, key employees. | $30,805 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $187,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,641 |
| Payroll taxes | $21,481 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $115,372 |
| Fees for services: Other | $6,250 |
| Advertising and promotion | $37,816 |
| Office expenses | $10,069 |
| Information technology | $5,145 |
| Royalties | $0 |
| Occupancy | $28,066 |
| Travel | $3,138 |
| 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 | $727 |
| Insurance | $4,470 |
| All other expenses | $0 |
| Total functional expenses | $2,144,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,862,312 |
| 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 | $690 |
| Investments—publicly traded securities | $34,502,219 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,365,221 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,311,745 |
| 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 | $3,311,745 |
| Net assets without donor restrictions | $1,077,114 |
| Net assets with donor restrictions | $31,976,362 |
| 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 | $36,365,221 |
Grants Awarded
Over the last fiscal year, Crown Point Community Foundation Inc has awarded $851,026 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
DEAN & BARBARA WHITE SOUTHLAKE YMCA PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $100,000 |
FRANCISCAN HEALTH CROWN POINT PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $93,046 |
LAKE COURT HOUSE FOUNDATION PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $59,710 |
FRANCISCAN HEALTH FOUNDATION - NORTHERN INDIANA PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $36,884 |
NORTHWEST INDIANA SYMPHONY SOCIETY INC PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $35,059 |
BETHEL CHURCH PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $29,198 |