Community Foundation Of Southern Indiana Inc
- Assets
- $128.8m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 9
- Location
- New Albany, IN
- Founding
- 07/1991
- Data as of
- 06/2022
- EIN
- 35-1827813
Organization Overview
Community Foundation Of Southern Indiana Inc is located in New Albany, 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 06/2022, Community Foundation Of Southern Indiana Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Southern Indiana 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 06/2022, Community Foundation Of Southern Indiana Inc generated $8.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $8.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Foundation Of Southern Indiana Inc has awarded 529 individual grants totaling $38,433,674. 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 BUILD ENDURING CHARITABLE RESOURCES USED TO POSITIVELY IMPACT OUR COMMUNITY BY: SERVING AS A PARTNER AND RESOURCE FOR DONORS, THEIR ADVISORS, AND NOT-FOR-PROFIT ORGANIZATIONS; MAKING IT SIMPLE FOR DONORS TO FULFILL THEIR INDIVIDUAL GOALS IN GIVING BACK; PROVIDING STEWARDSHIP OF DONOR GIFTS AND CHARITABLE INTENT FOR GENERATIONS TO COME; FULFILLING A LEADERSHIP ROLE ON IMPORTANT COMMUNITY ISSUES
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS USED TO ASSIST AND BENEFIT PEOPLE IN CLARK AND FLOYD COUNTIES THROUGH FUNDING OF HEALTH, EDUCATION, CULTURAL, CIVIC AND RECREATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Speed President/ceo | Officer | 40 | $182,998 |
Melany Wessels CFO | Officer | 40 | $102,503 |
Damon Massey Vice Chair | OfficerTrustee | 2 | $0 |
Sharon Handy Chair | OfficerTrustee | 5 | $0 |
S Butch Shaw Secretary | OfficerTrustee | 2 | $0 |
Adam Naville Treasurer | OfficerTrustee | 2 | $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 | $1,298,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,298,170 |
| Total Program Service Revenue | $0 |
| Investment income | $2,489,096 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,160,714 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,060,969 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,643,405 |
| Grants and other assistance to domestic individuals. | $707,394 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $325,856 |
| Compensation of current officers, directors, key employees. | $132,473 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,922 |
| Pension plan accruals and contributions | $7,719 |
| Other employee benefits | $46,254 |
| Payroll taxes | $44,050 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,000 |
| Fees for services: Accounting | $16,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $564,341 |
| Fees for services: Other | $53,218 |
| Advertising and promotion | $67,999 |
| Office expenses | $0 |
| Information technology | $6,940 |
| Royalties | $0 |
| Occupancy | $80,101 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,516 |
| Insurance | $46,444 |
| All other expenses | $61,159 |
| Total functional expenses | $7,978,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,074,686 |
| Pledges and grants receivable | $100,406 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $184,911 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $77,198 |
| Investments—publicly traded securities | $121,831,659 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,579,239 |
| Total assets | $128,848,099 |
| Accounts payable and accrued expenses | $48,888 |
| Grants payable | $901,650 |
| Deferred revenue | $20,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $86,323,326 |
| 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 | $1,111,563 |
| Total liabilities | $88,405,427 |
| Net assets without donor restrictions | $2,996,000 |
| Net assets with donor restrictions | $37,446,672 |
| 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 | $128,848,099 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Southern Indiana Inc has awarded $5,395,114 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
FLOYD COUNTY TREASURER PURPOSE: ANNUAL DISTRIBUTION | $3,550,753 |
Bedford, IN PURPOSE: DESIGNATED FUND DISTRIBUTION FOR MARTIN COUNTY, INDIANA | $551,420 |
FLOYD COUNTY DEPARTMENT OF PARKS & RECREATION PURPOSE: ACCESSIBLE PLAYGROUND KEVIN HAMMERSMITH MEM PARK | $220,000 |
Louisville, KY PURPOSE: SELLERSBURG SCHOLARHOUSE PROJECT | $114,000 |
INDIANA UNIVERSITY SOUTHEAST PURPOSE: CHANCELLOR'S MEDALLION GALA SCHOLARSHIP FUND | $94,105 |
Columbus, OH PURPOSE: WATERMAN FACILITIES FUND (#316494) | $90,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Community Foundation Of Southern Indiana Inc has recieved totaling $16,930.
| Awarding Organization | Amount |
|---|---|
Floyd County Legacy Foundation New Albany, IN PURPOSE: SUPPORT | $11,000 |
Saint Michael Archangel Charities Inc Houston, TX PURPOSE: ECONOMIC DEVELOPMENT | $4,400 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Endowment Analysis
| Beg. Balance | $151,623,660 |
| Earnings | -$21,884,053 |
| Admin Expense | $1,164,127 |
| Net Contributions | $546,736 |
| Grants | $6,485,871 |
| Ending Balance | $122,636,345 |
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 |