Community Foundation Of Greater Fort Wayne Inc
- Assets
- $181.9m
- Revenue
- $11.6m
- Investments
- $9.7m
- Employees
- 17
- Location
- Fort Wayne, IN
- Founding
- 08/1964
- Data as of
- 12/2020
- EIN
- 35-1119450
Organization Overview
Community Foundation Of Greater Fort Wayne Inc is located in Fort Wayne, IN. The organization was established in 1964. 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, Community Foundation Of Greater Fort Wayne Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Greater Fort Wayne 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 12/2020, Community Foundation Of Greater Fort Wayne Inc generated $11.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $9.7m during the year ending 12/2020. While expenses have increased by 3.6% 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, Community Foundation Of Greater Fort Wayne Inc has awarded 1,285 individual grants totaling $46,568,356. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE BY BUILDING PERMANENT ENDOWMENTS, PROMOTING EFFECTIVE GRANTMAKING, FOSTERING PHILANTHROPY, STIMULATING COMMUNITY DIALOGUE, AND HELPING DONORS ACHIEVE THEIR CHARITABLE GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY FOUNDATION GIVES GRANTS TO NONPROFITS FOR A VARIETY OF CHARITABLE PURPOSES IN GREATER FORT WAYNE AND ACROSS THE UNITED STATES. THESE GRANTS HELP TO ADDRESS A VARIETY OF NEEDS FROM THE DAY TO DAY OPERATIONS OF NONPROFITS TO ADDRESSING PRESSING SOCIAL ISSUES. THE GRANTMAKING PROGRAM INCLUDES AWARDING SCHOLARSHIPS TO STUDENTS FURTHERING THEIR EDUCATION.
THE COMMUNITY FOUNDATION PROVIDES LEADERSHIP TO ADDRESS COMMUNITY NEEDS AND IMPROVE QUALITY OF LIFE IN ALLEN COUNTY. THE COMMUNITY FOUNDATION ACCOMPLISHES THIS BY BEING A COMMUNITY PARTNER IN PURSING THE COMMUNITYS GREATEST OPPORTUNITIES AND ADDRESSING OUR MOST CRITICAL CHALLENGES.
THE COMMUNITY FOUNDATION MANAGES CHARITABLE FUNDS FOR INDIVIDUALS, FAMILIES, AND ORGANIZATIONS TO HELP THEM MAKE THEIR CHARITABLE GIVING MORE IMPACTFUL IN THE AREAS THAT MATTER MOST TO THEM. THIS PROGRAM ALSO HELPS PEOPLE TO CONSIDER THEIR LEGACY AND HOW IT WILL LIVE ON AND CONTINUE TO IMPROVE THE QUALITY OF LIFE IN ALLEN COUNTY FOR FUTURE GENERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Bradley Little President & | Officer | 40 | $199,175 |
Heidi Ludwig COO | Officer | 40 | $122,545 |
Robert Patrick Treasurer | OfficerTrustee | 1 | $0 |
Heather Schoegler Board Chair | OfficerTrustee | 1 | $0 |
Ronald Menze Vice Chair | OfficerTrustee | 1 | $0 |
Robert Francis Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,455,579 |
| Investment income | $3,070,523 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$325,433 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,602,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $395,879 |
| Grants and other assistance to Foreign Orgs/Individuals | $18,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $357,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $550,699 |
| Pension plan accruals and contributions | $15,272 |
| Other employee benefits | $104,396 |
| Payroll taxes | $59,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,374 |
| Fees for services: Accounting | $30,951 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $347,716 |
| Fees for services: Other | $0 |
| Advertising and promotion | $41,866 |
| Office expenses | $15,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $71,689 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,689 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,578 |
| Insurance | $22,802 |
| All other expenses | $0 |
| Total functional expenses | $9,661,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,007,881 |
| Savings and temporary cash investments | $390,632 |
| Pledges and grants receivable | $113,440 |
| 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 | $27,244 |
| Investments—publicly traded securities | $163,298,544 |
| Investments—other securities | $9,695,060 |
| Investments—program-related | $2,055,507 |
| Intangible assets | $0 |
| Other assets | $5,285,159 |
| Total assets | $181,936,459 |
| Accounts payable and accrued expenses | $65,983 |
| Grants payable | $581,022 |
| 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 | $9,368,404 |
| Total liabilities | $10,015,409 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $171,921,050 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Greater Fort Wayne Inc has awarded $7,020,875 in support to 244 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Wayne, IN PURPOSE: CHARITABLE SUPPORT | $284,990 |
Houston, TX PURPOSE: CHARITABLE SUPPORT | $225,000 |
SYNERGY CONSULTING COMPANY PURPOSE: CHARITABLE SUPPORT | $155,919 |
Washington, DC PURPOSE: CHARITABLE SUPPORT | $142,400 |
Fort Wayne, IN PURPOSE: CHARITABLE SUPPORT | $127,868 |
Fort Wayne, IN PURPOSE: CHARITABLE SUPPORT | $115,000 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Community Foundation Of Greater Fort Wayne Inc has recieved totaling $231,603.
| Awarding Organization | Amount |
|---|---|
The Frederick J Pfeiffer Foundaiton Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $70,347 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $25,700 |
Uncharted Denver, CO PURPOSE: PROGRAM SUPPORT | $25,000 |
8020 Foundation Tr Fort Wayne, IN PURPOSE: ENTREPRENEURIAL RESEARCH | $25,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $16,000 |
The Donald F Wood And Darlene M Richardson Foundation Inc Spencerville, IN PURPOSE: GENERAL SUPPORT | $15,000 |
Endowment Analysis
| Beg. Balance | $414,384 |
| Earnings | $91,920 |
| Admin Expense | $4,764 |
| Net Contributions | $595 |
| Grants | $16,638 |
| Ending Balance | $485,497 |
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 |