Union County Foundation Inc
- Assets
- $10.2m
- Revenue
- $913.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Liberty, IN
- Founding
- 08/1989
- Data as of
- 12/2022
- EIN
- 35-1769294
Organization Overview
Union County Foundation Inc is located in Liberty, IN. The organization was established in 1989. 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 12/2022, Union County Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Union County 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 12/2022, Union County Foundation Inc generated $913.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $669.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Union County Foundation Inc has awarded 54 individual grants totaling $1,047,540. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST DONORS IN BUILDING AND PRESERVING PERPETUAL CHARITABLE FUNDS; TO MEET THE CHANGING NEEDS OF OUR COMMUNITY AND TO ENRICH THE QUALITY OF LIFE FOR THE RESIDENTS OF UNION COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND SCHOLARSHIPS ARE PAID OUT TO LOCAL ORGANIZATIONS OR STUDENTS FROM EARNINGS ON ENDOWED FUNDS AND CONTRIBUTIONS TO THE FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Worcester President | OfficerTrustee | 3 | $0 |
Aaron Welty Vice-Preside | OfficerTrustee | 2 | $0 |
Amy Townshend Secretary | OfficerTrustee | 2 | $0 |
David Bertch Treasurer | OfficerTrustee | 1 | $0 |
Rebecka Sayne-Meyer Director | Trustee | 1 | $0 |
Landon Coyle Director | Trustee | 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 | $289,394 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,394 |
| Total Program Service Revenue | $127,316 |
| Investment income | $354,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $142,259 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $913,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $202,554 |
| Grants and other assistance to domestic individuals. | $89,320 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $54,525 |
| Compensation of current officers, directors, key employees. | $18,539 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,456 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,987 |
| Fees for services: Management | $127,316 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,362 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,034 |
| Office expenses | $3,155 |
| Information technology | $18,365 |
| Royalties | $0 |
| Occupancy | $10,274 |
| Travel | $1,155 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,152 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,860 |
| Insurance | $8,622 |
| All other expenses | $0 |
| Total functional expenses | $669,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,392,742 |
| 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 | $3,683 |
| Net Land, buildings, and equipment | $597,254 |
| Investments—publicly traded securities | $8,211,838 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,205,517 |
| Accounts payable and accrued expenses | $5,352 |
| Grants payable | $0 |
| 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 | $13,678 |
| Total liabilities | $19,030 |
| Net assets without donor restrictions | $864,155 |
| Net assets with donor restrictions | $9,322,332 |
| 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 | $10,205,517 |
Grants Awarded
Over the last fiscal year, Union County Foundation Inc has awarded $144,147 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
IVY TECH FOUNDATION PURPOSE: EDUCATIONAL | $30,000 |
ST ANDREW CATHOLIC CHURCH PURPOSE: SUPPORT | $20,471 |
ST MICHAEL'S CHURCH PURPOSE: SUPPORT | $12,772 |
ST GABRIEL & ST BRIDGET CATHOLICCHURCH PURPOSE: HUMAN SERVICES | $14,700 |
TOWN OF WEST COLLEGE CORNER INDIANA PURPOSE: YOUTH DEVELOPMENT | $12,500 |
UNION COUNTY HIGH SCHOOL PURPOSE: EDUCATION PROGRAMS | $5,444 |