Lagrange County Community Foundation Inc
- Assets
- $24.4m
- Revenue
- $3.0m
- Investments
- $266.2k
- Employees
- 4
- Location
- Lagrange, IN
- Founding
- 12/1991
- Data as of
- 12/2023
- EIN
- 35-1834679
Organization Overview
Lagrange County Community Foundation Inc is located in Lagrange, 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 12/2023, Lagrange County Community Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lagrange County Community 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 12/2023, Lagrange County Community Foundation Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 5.9% per year over the past 9 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, Lagrange County Community Foundation Inc has awarded 144 individual grants totaling $3,440,767. 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
TO INSPIRE AND SUSTAIN GENEROSITY, LEADERSHIP AND SERVICE. WE CONNECT DONORS TO CHARITABLE CAUSES, AWARD GRANTS AND SCHOLARSHIPS, AND SUPPORT COMMUNITY INITIATIVES TO ENHANCE THE QUALITY OF LIFE IN LAGRANGE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKING: THE LAGRANGE COUNTY COMMUNITY FOUNDATION'S UNRESTRICTED ENDOWMENT FUNDS AND FIELD OF INTEREST FUNDS RESPOND TO CHANGING NEEDS IN LAGRANGE COUNTY. THE COMMUNITY FOUNDATION DIRECTS GRANTS TO CHARITABLE PROJECTS THAT IMPROVE THE QUALITY OF LIFE IN LAGRANGE COUNTY IN ARTS AND CULTURE, HEALTH AND HUMAN SERVICES, COMMUNITY DEVELOPMENT, EDUCATION, ENVIRONMENT AND RECREATION. THE COMMUNITY FOUNDATION'S GRANTS ADVISORY COMMITTEE REVIEWS APPLICATIONS AND MAKES FUNDING RECOMMENDATIONS TO THE BOARD OF DIRECTORS. THE COMMUNITY FOUNDATION ALSO AWARDS GRANTS TO NONPROFIT ORGANIZATIONS AS DIRECTED BY FUNDS ESTABLISHED BY COMMUNITY DONORS. (CONTINUED ON SCH O)
SCHOLARSHIPS: TOGETHER WITH LOCAL PHILANTHROPISTS, THE COMMUNITY FOUNDATION OFFERS SCHOLARSHIP OPPORTUNITIES FOR STUDENTS PURSUING POST-SECONDARY EDUCATION. SCHOLARSHIP RECIPIENTS ARE SELECTED THROUGH A COMPETITIVE APPLICATION PROCESS. THE SCHOLARSHIP ADVISORY COMMITTEE REVIEWS AND SCORES APPLICATIONS PER THE DONOR-ESTABLISHED CRITERIA. THE BOARD OF DIRECTORS HAS FINAL APPROVAL ON ALL SCHOLARSHIP AWARDS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Octavia Yoder Executive Di | Officer | 40 | $79,615 |
Tony Bontrager President | OfficerTrustee | 0.5 | $0 |
Renea Boots Vice Preside | OfficerTrustee | 0.5 | $0 |
Randy Zimmerly Secretary | OfficerTrustee | 0.5 | $0 |
Lynn Weaver Treasurer | OfficerTrustee | 0.5 | $0 |
George Brown Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,125,997 |
| Noncash contributions included in lines 1a–1f | $324,386 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,132,697 |
| Total Program Service Revenue | $1,998 |
| Investment income | $610,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $219,025 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,964,720 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $900,930 |
| Grants and other assistance to domestic individuals. | $122,812 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,003 |
| Compensation of current officers, directors, key employees. | $53,302 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,854 |
| Pension plan accruals and contributions | $3,520 |
| Other employee benefits | $0 |
| Payroll taxes | $16,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,374 |
| Fees for services: Accounting | $32,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,156 |
| Fees for services: Other | $2,698 |
| Advertising and promotion | $4,271 |
| Office expenses | $5,591 |
| Information technology | $26,977 |
| Royalties | $0 |
| Occupancy | $20,424 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,276 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,330 |
| Insurance | $7,391 |
| All other expenses | $818 |
| Total functional expenses | $1,584,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,941 |
| Savings and temporary cash investments | $1,984,535 |
| Pledges and grants receivable | $125,000 |
| 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 | $5,714 |
| Net Land, buildings, and equipment | $64,633 |
| Investments—publicly traded securities | $21,908,089 |
| Investments—other securities | $266,249 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,417,161 |
| Accounts payable and accrued expenses | $28,233 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $201,005 |
| 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 | $229,238 |
| Net assets without donor restrictions | $8,375,540 |
| Net assets with donor restrictions | $15,812,383 |
| 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 | $24,417,161 |
Grants Awarded
Over the last fiscal year, Lagrange County Community Foundation Inc has awarded $843,671 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BOOMERANG BACKPACKS PURPOSE: HEALTH & HUMAN SVCS | $10,500 |
CLOTHES & FOOD BASKET OF LAGRANGECOUNTY PURPOSE: HEALTH & HUMAN SVCS | $18,000 |
ELIJAH HAVEN CRISIS INTERVENTIONCENTER INC PURPOSE: HEALTH & HUMAN SVCS | $19,666 |
COFFEE & CREAM OF SOUTH MILFORD PURPOSE: COMMUNITY DEVELOP | $12,500 |
HOWE MILITARY SCHOOL ALUMNIASSOCIATION PURPOSE: ARTS & CULTURE | $20,000 |
LAGRANGE BASEBALL LEAGUE INC PURPOSE: RECREATION | $8,000 |