Wayne County Indiana Foundation Inc
- Assets
- $59.4m
- Revenue
- $6.5m
- Investments
- $3.6m
- Employees
- 9
- Location
- Richmond, IN
- Founding
- 02/1979
- Data as of
- 12/2020
- EIN
- 35-1406033
Organization Overview
Wayne County Indiana Foundation Inc is located in Richmond, IN. The organization was established in 1979. 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, Wayne County Indiana Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne County Indiana 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 12/2020, Wayne County Indiana Foundation Inc generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $3.8m during the year ending 12/2020. While expenses have increased by 4.8% 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 2014, Wayne County Indiana Foundation Inc has awarded 437 individual grants totaling $8,511,204. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE WAYNE COUNTY, INDIANA, FOUNDATION, INC. EXISTS TO FOSTER AND ENCOURAGE PRIVATE PHILANTHROPIC GIVING, TO ENHANCE THE SPIRIT OF COMMUNITY AND TO IMPROVE THE QUALITY OF LIFE IN THE WAYNE COUNTY, INDIANA AREA NOW AND FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
GRANTMAKING: THE WAYNE COUNTY FOUNDATION ADMINISTERS 340 FUNDS TO SUPPORT THE COMMUNITY WITH A WIDE RANGE OF ORGANIZATION-SPECIFIC, DONOR DIRECTED, FIELD OF INTEREST, AND UNRESTRICTED GRANTS. THESE GRANTS SERVE TO ENHANCE AND IMPROVE COMMUNITY LIFE, ADDRESS IDENTIFIED HUMAN SERVICE NEEDS, SUPPORT CULTURAL, SOCIAL, HISTORIC AND EDUCATIONAL ENDEAVORS, AND ENCOURAGE BROAD BASED COMMUNITY DEVELOPMENT. IN EVERY CASE, THEY ARE LEVERAGED THROUGH WAYNE COUNTY'S VIBRANT COMMMUNITY OF NOT-FOR-PROFIT ORGANIZATIONS AND SERVICE PROVIDERS.
SCHOLARSHIPS: THE WAYNE COUNTY FOUNDATION ADMINISTERS 140 SCHOLARSHIP FUNDS TO HELP QUALIFIED STUDENTS CONTINUE THEIR POST SECONDARY ACADEMIC STUDIES AT COLLEGES, UNIVERSITIES AND TRADE SCHOOLS IN THE COUNTY, THROUGHOUT THE STATE, AND ACROSS THE REGION. IN ADDITION TO DIRECT SUPPORT FOR THOSE STUDENTS SELECTED, THE FOUNDATION'S SCHOLARSHIPS SERVE TO ENCOURAGE ALL STUDENTS TO DO WELL IN THEIR STUDIES. FOUNDATION SCHOLARSHIPS INCLUDE AWARDS FOR SPECIFIC COURSES OF STUDY AT IDENTIFIED INSTITUTIONS OF HIGHER LEARNING, AS WELL AS A NUMBER OF LESS RESTRICTIVE AWARDS TO SUPPORT GENERAL STUDIES.
COMMUNITY DEVELOPMENT: THE FOUNDATION SUPPORTS OR PROVIDES A NUMBER OF PROGRAMS THAT REPRESENT SPECIFIC INITIATIVES TO HELP MOVE THE COMMUNITY FORWARD. THESE INCLUDE A NUMBER OF WORKSHOPS AND SEMINARS TO HELP BUILD CAPACITY IN THE NOT-FOR-PROFIT COMMUNITY; FOUNDATION-DIRECTED INITIATIVES TO HELP PROMOTE WOMEN'S PHILANTHROPY AND LEADERSHIP DEVELOPMENT; AND FORWARD WAYNE COUNTY, A COLLECTIVE-IMPACT STYLE APPROACH TO BETTER ALIGNING COMMUNITY RESOURCES IN SUPPORT OF SPECEFIC GOALS AND OBJECTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Gilliam Executive Director | Officer | 40 | $95,075 |
Amy Waltz Finance Officer | Officer | 40 | $71,700 |
Amy Noe-Dudas Former Chair | OfficerTrustee | 1 | $0 |
Brad Bowman Vice Chair | OfficerTrustee | 1 | $0 |
Chris Knight Treasurer | OfficerTrustee | 1 | $0 |
David Rodgers Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $78,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,175,164 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,253,664 |
| Total Program Service Revenue | $564,938 |
| Investment income | $1,181,617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,844 |
| Net Gain/Loss on Asset Sales | $364,666 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,471,936 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,730,441 |
| Grants and other assistance to domestic individuals. | $482,026 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $196,021 |
| Compensation of current officers, directors, key employees. | $120,090 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $174,192 |
| Pension plan accruals and contributions | $4,812 |
| Other employee benefits | $22,403 |
| Payroll taxes | $26,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,102 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $724 |
| Interest | $161 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,199 |
| Insurance | $3,434 |
| All other expenses | $79,121 |
| Total functional expenses | $3,809,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,806,397 |
| Pledges and grants receivable | $5,285,113 |
| Accounts receivable, net | $53 |
| 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 | $15,094 |
| Net Land, buildings, and equipment | $242,503 |
| Investments—publicly traded securities | $48,432,885 |
| Investments—other securities | $3,596,160 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,378,205 |
| Accounts payable and accrued expenses | $13,002 |
| Grants payable | $181,761 |
| 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 | $349,508 |
| Total liabilities | $544,271 |
| Net assets without donor restrictions | $51,832,379 |
| Net assets with donor restrictions | $7,001,555 |
| 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 | $59,378,205 |
Grants Awarded
Over the last fiscal year, Wayne County Indiana Foundation Inc has awarded $1,560,972 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
Richmond, IN PURPOSE: 2020 SPRING CYCLE GRANT | $98,763 |
Richmond, IN PURPOSE: 2020 CHALLENGE MATCH, 2020 SPRING GRANT CYCLE, AND OTHER DISTRIBUTIONS | $86,432 |
Richmond, IN PURPOSE: CAPITAL CAMPAIGN GRANT, 2020 CHALLENGE MATCH, OTHER DISTRIBUTIONS | $77,260 |
RICHMOND COMMUNITY SCHOOLS PURPOSE: 2020 DISTRIBUTION, REIMBURSEMENTS, AND OTHER DISTRIBUTIONS | $70,800 |
Richmond, IN PURPOSE: GRANTS FROM DAVID SHERICK HELP THE ANIMALS ENDOWMENT FUND AND OTHER DISTRIBUTIONS | $56,745 |
Richmond, IN PURPOSE: 2020 DISTRIBUTION | $54,780 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Wayne County Indiana Foundation Inc has recieved totaling $215,819.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $154,638 |
First Bank Richmond Inc Community Foundation Richmond, IN PURPOSE: GENERAL | $30,000 |
First Bank Richmond Inc Community Foundation Richmond, IN PURPOSE: GENERAL | $24,000 |
Indiana Philanthropy Alliance Foundation Inc Indianapolis, IN PURPOSE: Intern Program | $5,202 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $900 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $45,535,888 |
| Earnings | $7,239,279 |
| Admin Expense | $526,212 |
| Net Contributions | $2,683,612 |
| Other Expense | $59,067 |
| Grants | $1,231,803 |
| Ending Balance | $53,641,697 |
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 |