Community Foundation Of Bloomington And Monroe County Inc
- Assets
- $47.5m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Bloomington, IN
- Founding
- 04/1991
- Data as of
- 06/2023
- EIN
- 35-1811149
Organization Overview
Community Foundation Of Bloomington And Monroe County Inc is located in Bloomington, IN. The organization was established in 1991. 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 06/2023, Community Foundation Of Bloomington And Monroe County Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Bloomington And Monroe 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 06/2023, Community Foundation Of Bloomington And Monroe County Inc generated $14.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $12.8m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Foundation Of Bloomington And Monroe County Inc has awarded 441 individual grants totaling $18,937,725. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY FOUNDATION RAISING FUNDS FOR LONG TERM SUPPORT OF NON-PROFIT ORGANIZATIONS, PRINCIPALLY IN LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY FOUNDATION OF BLOOMINGTON AND MONROE COUNTY EXISTS TO ENHANCE OUR COMMUNITY THROUGH PERMANENT CHARITABLE CAPITAL, EFFECTIVE GRANTS, AND INCLUSIVE LEADERSHIP. THE ORGANIZATION CHAMPIONS LOCAL PHILANTHROPY BY BUILDING COMMUNITY ASSETS, PARTICULARLY PERMANENT ENDOWMENT FUNDS; ADMINISTERS GRANTS IN DIVERSE CHARITABLE FIELDS REFLECTIVE OF DONOR INTERESTS AND COMMUNITY NEEDS AND OPPORTUNITIES; AND STRIVES TO PROVIDE INCLUSIVE COMMUNITY LEADERSHIP ON ISSUES OF LOCAL IMPORTANCE.THE FOUNDATION ADMINISTERS OVER 200 FUNDS, PRIMARILY PERMANENT ENDOWMENTS, INCLUDING AGENCY OR DESIGNATED, SCHOLARSHIP, DONOR-ADVISED, FIELD-OF-INTEREST AND UNRESTRICTED FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Shockney Director | Trustee | 2 | $0 |
David Johnson Director | Trustee | 2 | $0 |
Erin Martoglio Director | Trustee | 2 | $0 |
Herb Caldwell Director | Trustee | 2 | $0 |
Jerry Sanders Director | Trustee | 2 | $0 |
Jessika Hane Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $337,000 |
| Government grants | $141,696 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,117,610 |
| Noncash contributions included in lines 1a–1f | $114,998 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,596,306 |
| Total Program Service Revenue | $0 |
| Investment income | $1,523,435 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $634,187 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,808,470 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,323,360 |
| Grants and other assistance to domestic individuals. | $29,672 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,519 |
| Compensation of current officers, directors, key employees. | $66,792 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $591,955 |
| Pension plan accruals and contributions | $10,388 |
| Other employee benefits | $22,869 |
| Payroll taxes | $60,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $975 |
| Fees for services: Accounting | $31,327 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $124,961 |
| Fees for services: Other | $17,028 |
| Advertising and promotion | $0 |
| Office expenses | $39,408 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,157 |
| Travel | $3,533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,720 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,844 |
| Insurance | $19,352 |
| All other expenses | $14,229 |
| Total functional expenses | $12,789,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $2,722,122 |
| 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 | $380,132 |
| Net Land, buildings, and equipment | $1,452,144 |
| Investments—publicly traded securities | $42,918,631 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,473,129 |
| Accounts payable and accrued expenses | $154,637 |
| Grants payable | $78,204 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,616,432 |
| 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 | $0 |
| Total liabilities | $5,849,273 |
| Net assets without donor restrictions | $4,298,293 |
| Net assets with donor restrictions | $37,325,563 |
| 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 | $47,473,129 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Bloomington And Monroe County Inc has awarded $10,814,968 in support to 74 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF CRAFT INC (DBA STONE AGE INSTITUTE) PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $5,000,000 |
HARMONY SCHOOL PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $3,000,000 |
CONSTELLATION STAGE & SCREEN INC PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $793,390 |
HOOSIER WRESTLING INC (INDIANA WRESTLING RTC) PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $196,416 |
SYCAMORE LAND TRUST INC PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $107,033 |
INDIANA UNIVERSITY HEALTH FOUNDATION PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $102,500 |