Community Foundation Of Northwest Indiana Inc
- Assets
- $1.4b
- Revenue
- $253.6m
- Investments
- $0.0
- Employees
- 958
- Location
- Munster, IN
- Founding
- 07/1985
- Data as of
- 06/2022
- EIN
- 31-1128781
Organization Overview
Community Foundation Of Northwest Indiana Inc is located in Munster, IN. The organization was established in 1985. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Community Foundation Of Northwest Indiana Inc employed 958 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Northwest Indiana 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 06/2022, Community Foundation Of Northwest Indiana Inc generated $253.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $125.5m during the year ending 06/2022. While expenses have increased by 2.0% 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 Northwest Indiana Inc has awarded 111 individual grants totaling $3,543,386. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SUPPORT FOR ACTIVITIES OF THE AFFILIATED HOSPITALS TO ENGAGE IN THE BETTERMENT OF THE GENERAL HEALTH OF THE COMMUNITIES SERVED WITHIN NORTHWEST INDIANA.
Describe the Organization's Program Activity:
COMMUNITY FOUNDATION OF NORTHWEST INDIANA, INC. PROVIDES SHARED SERVICES TO THE SUPPORTED ORGANIZATIONS COLLECTIVELY REFERRED TO AS COMMUNITY HEALTHCARE SYSTEM. THESE SERVICES INCLUDE FINANCE AND ACCOUNTING, MATERIALS MANAGEMENT, PATIENT ACCOUNTING, TRANSCRIPTION SERVICES, MEDICAL RECORDS, LEGAL, HUMAN RESOURCES, INFORMATION TECHNOLOGY, PAYROLL, ACCOUNTS PAYABLE, COMMUNICATION SERVICES, AND BUSINESS DEVELOPMENT. CFNI ENGAGES IN ACTIVITIES FOR THE BETTERMENT OF THE GENERAL HEALTH OF THE COMMUNITIES SERVED AND ALSO PROVIDE SUPPORT FOR COMMUNITY-BASED PROJECTS TO PROMOTE THE CULTURAL, EDUCATIONAL, AND CHARITABLE COMMUNITY OF NORTHWEST INDIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 15 | $38,000 |
Name Not Listed President & CEO | OfficerTrustee | 40 | $1,483,562 |
Name Not Listed Chairman | OfficerTrustee | 6 | $103,344 |
Name Not Listed Vice Chairman | OfficerTrustee | 1 | $50,000 |
Name Not Listed Secretary | OfficerTrustee | 1 | $38,000 |
Name Not Listed Director | Trustee | 1 | $24,450 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hasse Construction Co Inc Construction | 6/29/22 | $10,202,516 |
Rehabcare Group Inc Rehab Services | 6/29/22 | $8,268,822 |
Physicians Surgical Management Llc Medical Services | 6/29/22 | $8,814,059 |
Munster Gastroenterology Consultants Llc Medical Services | 6/29/22 | $4,278,117 |
The Pangere Corporation Construction | 6/29/22 | $6,131,256 |
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 | $10,735 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,735 |
| Total Program Service Revenue | $111,155,193 |
| Investment income | $30,177,144 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$4,114 |
| Net Gain/Loss on Asset Sales | $111,832,762 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,554,252 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $326,688 |
| 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. | $7,070,237 |
| Compensation of current officers, directors, key employees. | $7,070,237 |
| Compensation to disqualified persons | $163,955 |
| Other salaries and wages | $42,392,608 |
| Pension plan accruals and contributions | $1,608,188 |
| Other employee benefits | $6,135,823 |
| Payroll taxes | $3,205,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,030,507 |
| Fees for services: Accounting | $975,005 |
| Fees for services: Lobbying | $115,692 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,065,130 |
| Fees for services: Other | $9,845,354 |
| Advertising and promotion | $504,953 |
| Office expenses | $4,727,370 |
| Information technology | $21,028,062 |
| Royalties | $0 |
| Occupancy | $1,685,538 |
| Travel | $68,672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,079 |
| Interest | $12,633,347 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,566,747 |
| Insurance | $870,110 |
| All other expenses | $432,618 |
| Total functional expenses | $125,533,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,358,968 |
| 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 | $9,126,930 |
| Net Land, buildings, and equipment | $30,800,248 |
| Investments—publicly traded securities | $1,321,435,965 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,634,210 |
| Other assets | $53,718,689 |
| Total assets | $1,445,075,010 |
| Accounts payable and accrued expenses | $67,032,489 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| Tax-exempt bond liabilities | $419,031,308 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $23,154,699 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,509,164 |
| Total liabilities | $526,732,660 |
| Net assets without donor restrictions | $918,215,963 |
| Net assets with donor restrictions | $126,387 |
| 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 | $1,445,075,010 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Northwest Indiana Inc has awarded $218,003 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
PURDUE UNIVERSITY PURPOSE: SPONSORSHIP | $48,055 |
UNITED WAY OF NW INDIANA INC PURPOSE: CONTRIBUTION | $40,000 |
NORTHWEST INDIANA SYMPHONY ORCHESTRA PURPOSE: Sponsorship | $18,488 |
BOYS & GIRLS CLUBS OF GREATER NW INDIANA PURPOSE: Sponsorship | $15,000 |
SOUTH SHORE ARTS PURPOSE: Sponsorship | $22,860 |
CALUMET COUNCIL BOYSCOUTS OF AMERICA PURPOSE: Sponsorship | $10,000 |