Lagrange County Community Foundation Inc
- Assets
- $23.8m
- Revenue
- $4.2m
- Investments
- $24.5k
- Employees
- 5
- Location
- Lagrange, IN
- Founding
- 12/1991
- Data as of
- 12/2021
- 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 12/2021, Lagrange County Community Foundation Inc employed 5 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 12/2021, Lagrange County Community Foundation Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $941.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lagrange County Community Foundation Inc has awarded 92 individual grants totaling $1,956,751. 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
OUR MISSION IS TO INSPIRE AND SUSTAIN GENEROSITY, LEADERSHIP AND SERVICE. WE CONNECT DONORS TO CHARITABLE CAUSES, AWARD GRANTS AND SCHOLARSHIPS, AND PROVIDE LEADERSHIP TO ENHANCE THE QUALITY OF LIFE IN LAGRANGE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKING: THE LAGRANGE COUNTY COMMUNITY FOUNDATIONS UNRESTRICTED ENDOWMENT FUNDS AND FIELD OF INTEREST FUNDS RESPOND TO THE CHANGING NEEDS OF LAGRANGE COUNTY. TWICE A YEAR, THE FOUNDATIONS VOLUNTEER GRANTS COMMITTEE REVIEWS APPLICATIONS AND MAKES FUNDING RECOMMENDATIONS TO THE BOARD OF DIRECTORS. THE COMMUNITY FOUNDATION DIRECTS GRANTS TO CHARITABLE PROJECTS THAT WILL IMPROVE THE QUALITY OF LIFE IN LAGRANGE COUNTY. CATEGORIES OF SUPPORT INCLUDE ARTS & CULTURE, HEALTH & HUMAN SERVICES, COMMUNITY DEVELOPMENT, EDUCATION, ENVIRONMENT, AND RECREATION. THE COMMUNITY FOUNDATION ALSO AWARDS GRANTS TO NONPROFIT ORGANIZATIONS AS DIRECTED FROM FUNDS ESTABLISHED BY COMMUNITY DONORS.
SCHOLARSHIPS: WE PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING POST-SECONDARY EDUCATION. SCHOLARSHIP RECIPIENTS ARE SELECTED ON A COMPETITIVE BASIS THROUGH CAREFUL REVIEW AND SCORING OF APPLICATIONS BY MEMBERS OF THE VOLUNTEER SCHOLARSHIP ADVISORY COMMITTEE. THE BOARD OF DIRECTORS HAVE FINAL APPROVAL ON ALL SCHOLARSHIP AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Octavia Yoder Executive Di | Officer | 40 | $66,346 |
Neal Wolheter President | OfficerTrustee | 0.5 | $0 |
Renea Boots Vice Preside | OfficerTrustee | 0.5 | $0 |
Tony Bontrager Secretary | OfficerTrustee | 0.5 | $0 |
Lynn Weaver Treasurer | OfficerTrustee | 0.5 | $0 |
Trevor Thain Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $205,413 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,269,438 |
| Noncash contributions included in lines 1a–1f | $19,742 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,474,851 |
| Total Program Service Revenue | $0 |
| Investment income | $402,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $337,726 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,215,222 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $279,820 |
| Grants and other assistance to domestic individuals. | $106,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,336 |
| Compensation of current officers, directors, key employees. | $44,418 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,511 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,747 |
| Payroll taxes | $13,336 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,114 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,205 |
| Fees for services: Other | $25,938 |
| Advertising and promotion | $8,360 |
| Office expenses | $14,728 |
| Information technology | $35,145 |
| Royalties | $0 |
| Occupancy | $21,961 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,262 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,791 |
| Insurance | $6,929 |
| All other expenses | $1,985 |
| Total functional expenses | $941,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,647,943 |
| Savings and temporary cash investments | $513,718 |
| 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 | $5,605 |
| Net Land, buildings, and equipment | $85,252 |
| Investments—publicly traded securities | $20,519,879 |
| Investments—other securities | $24,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,796,897 |
| Accounts payable and accrued expenses | $30,569 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $234,776 |
| 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 | $265,345 |
| Net assets without donor restrictions | $8,345,172 |
| Net assets with donor restrictions | $15,186,380 |
| 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 | $23,796,897 |
Grants Awarded
Over the last fiscal year, Lagrange County Community Foundation Inc has awarded $166,124 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
LAGRANGE COUNTY AUDITOR PURPOSE: ENDOWMENT PAYOUT | $40,696 |
Howe, IN PURPOSE: OPERATING SUPPORT | $40,000 |
Lagrange, IN PURPOSE: ANIMAL COMPANIONSHIP | $20,000 |
Stroh, IN PURPOSE: AUDIO/VIDEO TECH | $13,000 |
Fort Wayne, IN PURPOSE: CAPSTONE & PROGRAMS | $12,648 |
Shipshewana, IN PURPOSE: MUSEUM SUPPORT | $12,341 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lagrange County Community Foundation Inc has recieved totaling $26,770.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,500 |
Community Hospital Of Lagrange County Inc Lagrange, IN PURPOSE: LAGRANGE COUNTY EARLY LEARNING COALITION FUND | $10,000 |
Indiana Philanthropy Alliance Foundation Inc Indianapolis, IN PURPOSE: Intern Program | $6,265 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $17,558,898 |
| Earnings | $2,162,073 |
| Net Contributions | $3,271,406 |
| Grants | $415,649 |
| Ending Balance | $22,576,728 |
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 |