Union County Foundation Inc
- Assets
- $11.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Liberty, IN
- Founding
- 08/1989
- Data as of
- 12/2021
- 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 12/2021, Union County Foundation Inc employed 5 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 12/2021, Union County Foundation Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $606.9k during the year ending 12/2021. While expenses have increased by 2.5% 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 2014, Union County Foundation Inc has awarded 46 individual grants totaling $903,393. 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 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 |
|---|---|---|---|
Danka Klein Executive Di | Officer | 40 | $50,295 |
Richard Worcester President | OfficerTrustee | 3 | $0 |
Jennifer Yamashiro Vice-Preside | OfficerTrustee | 2 | $0 |
Rebekah Keasling Secretary | OfficerTrustee | 2 | $0 |
Aaron Welty Treasurer | OfficerTrustee | 1 | $0 |
David Bertch 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 | $454,614 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $454,614 |
| Total Program Service Revenue | $141,176 |
| Investment income | $501,118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $147,344 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,244,252 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $72,602 |
| Grants and other assistance to domestic individuals. | $203,111 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,295 |
| Compensation of current officers, directors, key employees. | $18,609 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,012 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,723 |
| Fees for services: Management | $141,178 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,183 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,631 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,319 |
| Office expenses | $4,814 |
| Information technology | $8,109 |
| Royalties | $0 |
| Occupancy | $9,004 |
| Travel | $422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,603 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,459 |
| Insurance | $4,988 |
| All other expenses | $0 |
| Total functional expenses | $606,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,682,354 |
| 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 | $6,066 |
| Net Land, buildings, and equipment | $551,564 |
| Investments—publicly traded securities | $9,430,462 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,670,446 |
| Accounts payable and accrued expenses | $21,537 |
| 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 | $15,650 |
| Total liabilities | $37,187 |
| Net assets without donor restrictions | $926,072 |
| Net assets with donor restrictions | $10,707,187 |
| 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 | $11,670,446 |
Grants Awarded
Over the last fiscal year, Union County Foundation Inc has awarded $67,602 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Richmond, IN PURPOSE: SUPPORT | $19,935 |
Brookville, IN PURPOSE: SUPPORT | $12,437 |
Liberty, IN PURPOSE: EDUCATION PROGRAMS | $12,195 |
UNION COUNTY PUBLIC LIBRARY PURPOSE: SUPPORT | $10,377 |
Montezuma, IN PURPOSE: SUPPORT | $7,000 |
Liberty, IN PURPOSE: PARKS | $5,658 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Union County Foundation Inc has recieved totaling $100,151.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: INDIANA COMMUNITY FDN INITIATIVE | $100,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $151 |
Endowment Analysis
| Beg. Balance | $8,734,804 |
| Earnings | $1,180,104 |
| Admin Expense | $140,756 |
| Net Contributions | $399,833 |
| Grants | $182,299 |
| Ending Balance | $9,991,686 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Elks National Foundation Inc Chicago, IL | $936,472,552 | $62,047,958 |
Community Foundation Of The Ozarks Inc Springfield, MO | $393,798,423 | $57,110,719 |
Community Foundation Of Elkhart County Inc Elkhart, IN | $418,149,768 | $41,619,440 |
Blue Grass Community Foundation Inc Lexington, KY | $132,271,880 | $24,051,212 |
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |