Heritage Fund Of Bartholomew County Inc
- Assets
- $96.6m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Columbus, IN
- Founding
- 08/1975
- Data as of
- 12/2021
- EIN
- 35-1343903
Organization Overview
Heritage Fund Of Bartholomew County Inc is located in Columbus, IN. The organization was established in 1975. 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, Heritage Fund Of Bartholomew County Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Fund Of Bartholomew County 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, Heritage Fund Of Bartholomew County Inc generated $9.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $6.6m during the year ending 12/2021. While expenses have increased by 4.2% 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, Heritage Fund Of Bartholomew County Inc has awarded 293 individual grants totaling $16,975,472. 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
TO (1) PROVIDE RESPONSIBLE STEWARDSHIP OF GIFTS DONATED FOR BROAD CHARITABLE PURPOSES; (2) PROMOTE LEADERSHIP TO ADDRESS COMMUNITY ISSUES; AND (3) SERVE AS A CATALYST FOR POSITIVE CHANGE AND 4) PROMOTE PHILANTHROPY WITHIN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HERITAGE FUND IS THE COMMUNITY FOUNDATION OF BARTHOLOMEW COUNTY. THE FOUNDATION EXISTS SOLELY FOR THE BETTERMENT OF THE COMMUNITY. ITS MISSION IS TO PROVIDE RESPONSIBLE STEWARDSHIP OF GIFTS DONATED FOR BROAD CHARITABLE PURPOSES, TO DEVELOP LEADERSHIP TO ADDRESS COMMUNITY ISSUES, TO SERVE AS A CATALYST FOR POSITIVE CHANGE IN PARTNERSHIP WITH OTHERS, AND TO PROMOTE PHILANTHROPY WITHIN THE COMMUNITY. EACH YEAR, HERITAGE FUND MANAGES A COMPETITIVE GRANTS PROCESS FOR OVER $500,000 IN UNRESTRICTED DOLLARS FROM THE COMMUNITY FUND IN THE AREAS OF OPPORTUNITY, POSITIVE CHANGE, COMMUNITY INVESTMENT, AND ORGANIZATIONAL EXCELLENCE. THE FOUNDATION IS THE KEY ADMINISTRATOR OF SCHOLARSHIPS FOR HIGH SCHOOL SENIORS IN BARTHOLOMEW COUNTY, AND CONDUCTS THE ANNUAL SELECTION PROCESS FOR TWO LILLY SCHOLARSHIPS. HERITAGE FUND SERVES AS FISCAL SPONSOR FOR IMPORTANT COMMUNITY PROJECTS, TWO OF WHICH ARE THE CONSTRUCTION OF THE COMMONS IN 2011, AND LANDMARK COLUMBUS, A CELEBRATION OF THE DESIGN HERITAGE OF COLUMBUS IN 2017. DISTRIBUTION FROM THE FOUNDATIONS MANY DONOR ADVISED, DESIGNATED, AGENCY AND FIELD OF INTEREST FUNDS SUPPORT A BROAD VARIETY OF CHARITABLE PURPOSES.THE HERITAGE FUND BOARD IS COMPOSED OF 28 COMMUNITY LEADERS. THE FOUNDATION EMPLOYS 6 PROFESSIONALS, AND ENLISTS THE AID OF OVER 50 VOLUNTEERS WHO SERVE ON DEVELOPMENT, GRANTS, OUTREACH, FINANCE AND AUDIT, INVESTMENT AND SCHOLARSHIP COMMITTEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Souza President & CEO | Officer | 40 | $178,500 |
Matthew Kirr Chair | OfficerTrustee | 1.5 | $0 |
Michelle Schaefer Treasurer | OfficerTrustee | 1.5 | $0 |
John Elwood Secretary | OfficerTrustee | 1.5 | $0 |
Alice Johnson Vice Chair | OfficerTrustee | 1.5 | $0 |
Mark Stewart Director | Trustee | 1.5 | $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 | $2,721,459 |
| Noncash contributions included in lines 1a–1f | $48,363 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,721,459 |
| Total Program Service Revenue | $0 |
| Investment income | $4,258,345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,817,043 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,809,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,269,847 |
| Grants and other assistance to domestic individuals. | $471,075 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $189,210 |
| Compensation of current officers, directors, key employees. | $53,755 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $363,268 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,701 |
| Payroll taxes | $39,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,659 |
| Fees for services: Accounting | $25,163 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $171,948 |
| Fees for services: Other | $8,945 |
| Advertising and promotion | $0 |
| Office expenses | $23,504 |
| Information technology | $31,750 |
| Royalties | $0 |
| Occupancy | $34,340 |
| Travel | $474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,061 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,074 |
| Insurance | $513 |
| All other expenses | $7,992 |
| Total functional expenses | $6,636,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,358,233 |
| Pledges and grants receivable | $119,804 |
| Accounts receivable, net | $1,431 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $237,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $42,077 |
| Investments—publicly traded securities | $85,458,333 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $429,973 |
| Total assets | $96,647,351 |
| Accounts payable and accrued expenses | $13,380 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,347,273 |
| 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 | $216,381 |
| Total liabilities | $13,577,034 |
| Net assets without donor restrictions | $3,143,347 |
| Net assets with donor restrictions | $79,926,970 |
| 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 | $96,647,351 |
Grants Awarded
Over the last fiscal year, Heritage Fund Of Bartholomew County Inc has awarded $4,167,774 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $1,200,000 |
Columbus, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $755,752 |
Columbus, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $325,461 |
Columbus, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $206,489 |
Columbus, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $189,127 |
Columbus, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $154,793 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Heritage Fund Of Bartholomew County Inc has recieved totaling $37,265.
| Awarding Organization | Amount |
|---|---|
Road Runners Club Of America Columbus, IN PURPOSE: Healthy Lifestyles support including park equipment upgrades and safety projects and wellness initiatives for underserved populations. | $20,000 |
United Way Of Bartholomew County Inc Columbus, IN PURPOSE: DONOR DESIGNATED FOR GENERAL SUPPORT | $7,316 |
The Robert And Marcia Oswald Family Foundation Bonita Springs, FL PURPOSE: UNRESTRICTED | $5,000 |
Helen H Rowell Rvoc Tr Hamilton, OH PURPOSE: CHARITABLE PURPOSES | $4,949 |
Endowment Analysis
| Beg. Balance | $66,782,110 |
| Earnings | $9,523,199 |
| Admin Expense | $1,205,497 |
| Net Contributions | $1,078,653 |
| Grants | $2,086,399 |
| Ending Balance | $74,092,066 |
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 |