Henry County Community Foundation Inc
- Assets
- $57.4m
- Revenue
- $5.2m
- Investments
- $6.1k
- Employees
- 6
- Location
- New Castle, IN
- Founding
- 07/1986
- Data as of
- 12/2021
- EIN
- 31-1170412
Organization Overview
Henry County Community Foundation Inc is located in New Castle, IN. The organization was established in 1986. 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 12/2022, Henry County Community Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henry County 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 12/2021, Henry County Community Foundation Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 6.4% 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 2014, Henry County Community Foundation Inc has awarded 352 individual grants totaling $6,788,929. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HENRY COUNTY COMMUNITY FOUNDATION, INC. IS A PUBLIC TRUST WHICH SECURES PERMANENT FUNDS FOR PHILANTHROPIC PURPOSES. ITS MISSION IS TO HELP WHERE THE NEEDS ARE GREATEST AND BENEFITS TO THE COMMUNITY AND ITS CITIZENS ARE MOST SUBSTANTIAL; TO PROVIDE PUBLIC SPIRITED DONORS A VEHICLE FOR USING THEIR GIFTS IN THE BEST POSSIBLE WAY NOW AND IN THE FUTURE AS CONDITIONS INEVITABLY CHANGE; AND TO PROVIDE EXCELLENT STEWARDSHIP OF THOSE GIFTS WHICH IT RECEIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS DEDICATED TO EDUCATING, COMMUNICATING AND CELEBRATING COMMUNITY SPIRIT THROUGH THE GENEROSITY OF OUR DONORS. IN 2022, 319 SCHOLARSHIPS WERE AWARDED ALONG WITH GRANTS TO MANY NOT-FOR-PROFITS. THE PURPOSE OF THE GRANTS INCLUDES ARTS/CULTURE, EDUCATION, HEALTH, ENVIRONMENT, HUMAN SERVICES, COMMUNITY DEVELOPMENT AND YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Madison Chair | OfficerTrustee | 1 | $0 |
Carrie Barrett Vice Chair | OfficerTrustee | 1 | $0 |
Debi Ware Treasurer | OfficerTrustee | 1 | $0 |
Susan Falck-Neal Advisor | OfficerTrustee | 1 | $0 |
Mike Broyles Director | Trustee | 1 | $0 |
Darin Brown 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 | $1,903,565 |
| Noncash contributions included in lines 1a–1f | $177,662 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,903,565 |
| Total Program Service Revenue | $481,428 |
| Investment income | $583,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,750 |
| Net Gain/Loss on Asset Sales | $2,183,784 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,160,367 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,195,030 |
| Grants and other assistance to domestic individuals. | $480,740 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,000 |
| Compensation of current officers, directors, key employees. | $24,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,925 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,221 |
| Payroll taxes | $17,124 |
| Fees for services: Management | $481,428 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,938 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $300,568 |
| Fees for services: Other | $12,448 |
| Advertising and promotion | $0 |
| Office expenses | $12,501 |
| Information technology | $48,547 |
| Royalties | $0 |
| Occupancy | $28,530 |
| Travel | $1,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,228 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,609 |
| Insurance | $8,700 |
| All other expenses | $0 |
| Total functional expenses | $2,975,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $2,816,871 |
| Pledges and grants receivable | $11,574 |
| 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 | $41,581 |
| Net Land, buildings, and equipment | $403,672 |
| Investments—publicly traded securities | $54,111,417 |
| Investments—other securities | $6,083 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,391,298 |
| Accounts payable and accrued expenses | $28,985 |
| Grants payable | $2,872 |
| 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 | $1,671,493 |
| Total liabilities | $1,703,350 |
| Net assets without donor restrictions | $1,122,046 |
| Net assets with donor restrictions | $54,565,902 |
| 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 | $57,391,298 |
Grants Awarded
Over the last fiscal year, Henry County Community Foundation Inc has awarded $868,529 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
ART ASSOCIATION OF HENRY COUNTY PURPOSE: OPERATING SUPPORT | $43,537 |
CHICAGO CORNER CHURCH PURPOSE: OPERATING SUPPORT | $8,796 |
FIRST CHRISTIAN CHURCH PURPOSE: OPERATING SUPPORT | $9,000 |
FIRST FRIENDS MEETING PURPOSE: OPERATING SUPPORT | $14,956 |
FIRST PRESBYTERIAN CHURCH PURPOSE: OPERATING SUPPORT | $8,368 |
FIRST UNITED METHODIST CHURCH PURPOSE: OPERATING SUPPORT | $20,239 |