Henry County Community Foundation Inc
- Assets
- $57.4m
- Revenue
- $5.2m
- Investments
- $6.1k
- Employees
- 9
- 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 12/2021, Henry County Community Foundation Inc employed 9 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 307 individual grants totaling $5,920,400. 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
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:
EDUCATION AND SCHOLARSHIP - SCHOLARSHIPS AND EDUCATION GRANTS ARE AWARDED TO HIGH SCHOOL SENIORS AND COLLEGE STUDENTS THROUGH ENDOWMENT WHICH HAVE BEEN ESTABLISHED TO AID STUDENTS FINANCIALLY IN THEIR PURSUIT OF HIGHER EDUCATION. OTHER EDUCATIONAL GRANTS INCLUDE DESIGNATED PAYMENTS TO SCHOOLS FOR EDUCATIONAL PROGRAMMING.
CIVIC - GRANTS AWARDED TO THE HENRY COUNTY HIGHWAY DEPARTMENT FOR ROAD IMPROVEMENTS AND HENRY COUNTY EXPO CENTER FOR A BUILDING PROJECT. OTHER CIVIC GRANTS INCLUDE DESIGNATED PAYMENTS TO NONPROFITS INCLUDING THE CITY OF NEW CASTLE, GREENSBORO VOLUNTEER FIRE DEPARTMENT, HOOSIER GYM COMMUNITY CENTER OF KNIGHTSTOWN, NEW CASTLE F & AM LODGE 91, NEW CASTLE HENRY COUNTY ECONOMIC DEVELOPMENT CORPORATION, SPICELAND PRESERVATION AND TOURISM SOCIETY.
RECREATION - GRANTS AWARDED TO ORGANIZATIONS FOR LOCAL TRAIL AND PARK DEVELOPMENT AND DESIGNATED GRANTS TO THE LOCAL HENRY COUNTY YMCA, AND GRANTS TO LOCAL YOUTH SPORTS ORGANIZATIONS AND SCOUT TROOPS.
OTHER MISCELLANEOUS PROGRAM SERVICES FUNDED BY THE FOUNDATION DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Fox President | Officer | 40 | $70,000 |
Susan Falck-Neal Chair | OfficerTrustee | 1 | $0 |
Jon Madison 1st Vice Cha | OfficerTrustee | 1 | $0 |
Debi Ware Treasurer | OfficerTrustee | 1 | $0 |
Mike Broyles Advisor | OfficerTrustee | 1 | $0 |
Carrie Barrett 2nd Vice Cha | OfficerTrustee | 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 $1,087,568 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE INITIATIVE PURPOSE: VIDEO PRODUCTION | $112,500 |
Indianapolis, IN PURPOSE: MEDICAL WING | $100,000 |
New Castle, IN PURPOSE: BUILDING PROJECT | $75,000 |
GRACE UNITED METHODIST CHURCH PURPOSE: OPERATING SUPPORT | $70,000 |
New Castle, IN PURPOSE: OPERATING SUPPORT | $55,850 |
New Castle, IN PURPOSE: RECREATION/OPER. | $40,920 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Henry County Community Foundation Inc has recieved totaling $1,160,056.
| Awarding Organization | Amount |
|---|---|
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: Scholarship Transfer | $1,146,683 |
Indiana Philanthropy Alliance Foundation Inc Indianapolis, IN PURPOSE: Intern Program | $6,814 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $6,400 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: EMPLOYEE MATCHING GIFT(S) | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25 |
Endowment Analysis
| Beg. Balance | $45,472,090 |
| Earnings | $7,913,609 |
| Admin Expense | $480,232 |
| Net Contributions | $1,674,279 |
| Other Expense | $151,753 |
| Grants | $1,292,925 |
| Ending Balance | $53,135,068 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Dupage Community Foundation Downers Grove, IL | $125,703,251 | $14,295,087 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Southern Indiana Inc New Albany, IN | $128,848,099 | $8,060,969 |
Waukesha County Community Foundation Inc Waukesha, WI | $76,894,981 | $24,718,378 |
Community Foundation Alliance Inc Evansville, IN | $117,500,760 | $8,724,196 |
Hamilton County Community Foundation Inc Fishers, IN | $98,701,430 | $28,985,245 |