Marion Community Foundation
- Assets
- $64.2m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Marion, OH
- Founding
- 02/2000
- Data as of
- 06/2021
- EIN
- 31-4446189
Organization Overview
Marion Community Foundation is located in Marion, OH. The organization was established in 2000. 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 06/2021, Marion Community Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marion Community Foundation 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 06/2021, Marion Community Foundation generated $9.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 42.2% each year . All expenses for the organization totaled $2.7m during the year ending 06/2021. While expenses have increased by 5.7% per year over the past 6 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, Marion Community Foundation has awarded 248 individual grants totaling $9,281,493. 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 MISSION OF MARION COMMUNITY FOUNDATION IS TO CONTINUALLY IMPROVE THE MARION AREA COMMUNITY THROUGH PHILANTHROPY, LEADERSHIP, AND CIVIC ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS TWO PRIMARY PROGRAM SERVICES. THE FIRST BEING OUR GRANT PROGRAM. CONSISTENT WITH THE ORGANIZATIONS MISSION, EACH YEAR GRANTS ARE AWARDED THROUGH A GRANT APPLICATION PROCESS FROM THE ORGANIZATIONS ENDOWMENT FUNDS IN ACCORDANCE WITH THE ORGANIZATIONS SPENDING POLICY AND THE WISHES OF THE DONORS.
THE ORGANIZATIONS SECOND PROGRAM IS OUR SCHOLARSHIP PROGRAM. EACH YEAR SCHOLARSHIPS ARE AWARDED FROM FIELD OF INTEREST ENDOWED AND NONENDOWED FUNDS TO VARIOUS STUDENTS MEETING THE QUALIFYING CRITERIA SET FORTH IN THE FUND DOCUMENTS. THE SCHOLARSHIP COMMITTEE, ALONG WITH DONOR SELECTION COMMITTEES, REVIEW THE APPLICATIONS AND RECOMMEND THE ACCEPTABLE RECEIPENTS. FINALLY THE BOARD OF TRUSTEES APPROVES THE SCHOLARSHIPS AND THE SCHOLARSHIPS ARE AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Jacob President/ceo | 40 | $120,037 | |
Scott Knowles Director/vice Chair | OfficerTrustee | 1 | $0 |
Kathy Goodman Director/ Chair | OfficerTrustee | 1 | $0 |
Fran Voll Director/secretary | OfficerTrustee | 1 | $0 |
Charles Speelman Director/treasurer | OfficerTrustee | 1 | $0 |
John Bartram Director/past Chair | 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 | $2,785,075 |
| Noncash contributions included in lines 1a–1f | $286,320 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,785,075 |
| Total Program Service Revenue | $0 |
| Investment income | $846,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,272,594 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,905,299 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,873,123 |
| 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. | $117,170 |
| Compensation of current officers, directors, key employees. | $35,151 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,329 |
| Pension plan accruals and contributions | $9,726 |
| Other employee benefits | $18,617 |
| Payroll taxes | $23,011 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $78,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $258,781 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,916 |
| Office expenses | $14,388 |
| Information technology | $42,453 |
| Royalties | $0 |
| Occupancy | $15,727 |
| Travel | $157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,737 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,949 |
| Insurance | $9,663 |
| All other expenses | $0 |
| Total functional expenses | $2,696,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,513,338 |
| 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 | $23,139 |
| Net Land, buildings, and equipment | $8,357 |
| Investments—publicly traded securities | $62,652,517 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $64,197,351 |
| Accounts payable and accrued expenses | $12,768 |
| Grants payable | $603,303 |
| 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 | $5,683,175 |
| Total liabilities | $6,299,246 |
| Net assets without donor restrictions | $57,898,105 |
| 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 | $64,197,351 |
Grants Awarded
Over the last fiscal year, Marion Community Foundation has awarded $1,359,974 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
Marion, OH PURPOSE: charitable purpose | $240,672 |
Marion, OH PURPOSE: charitable purpose | $119,477 |
Marion, OH PURPOSE: charitable purpose | $115,046 |
MARION TECHNICAL COLLEGE PURPOSE: charitable purpose | $89,667 |
EMANUEL LUTHERAN CHURCH PURPOSE: charitable purpose | $76,452 |
MARION PEP CLUB PURPOSE: charitable purpose | $66,667 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Marion Community Foundation has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Ray & Charlotte Baldauf Charitable Trust Marion, OH PURPOSE: COMMUNITY SUPPORT | $9,000 |
Merle & Peg Hamilton Charitable Foundation Marion, OH PURPOSE: SITE VISITATION FUND | $4,000 |
Raymond & Charlotte Baldauf Charitable Foundation Marion, OH PURPOSE: COMMUNITY SUPPORTR&C FUND | $0 |
Merle & Peg Hamilton Charitable Foundation Marion, OH PURPOSE: COMMUNITY SUPPORT | $0 |
Endowment Analysis
| Beg. Balance | $45,932,229 |
| Earnings | $11,876,827 |
| Admin Expense | $543,075 |
| Net Contributions | $2,785,075 |
| Other Expense | $279,828 |
| Grants | $1,873,123 |
| Ending Balance | $57,898,105 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Muskegon County Community Foundation Muskegon, MI | $247,862,579 | $28,555,582 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Greater Flint Flint, MI | $212,857,243 | $17,865,297 |
Ann Arbor Area Community Foundation Ann Arbor, MI | $219,428,649 | $31,760,954 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Fremont Area Community Foundation Fremont, MI | $291,559,908 | $22,142,594 |
Grand Haven Area Community Foundation Inc Grand Haven, MI | $189,481,921 | $23,464,810 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |