Wabash Valley Community Foundation Inc
- Assets
- $88.0m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 16
- Location
- Terre Haute, IN
- Founding
- 03/1992
- Data as of
- 09/2023
- EIN
- 35-1848649
Organization Overview
Wabash Valley Community Foundation Inc is located in Terre Haute, IN. The organization was established in 1992. 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 09/2023, Wabash Valley Community Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wabash Valley 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 09/2023, Wabash Valley Community Foundation Inc generated $7.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $5.0m during the year ending 09/2023. While expenses have increased by 8.8% per year over the past 6 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 2020, Wabash Valley Community Foundation Inc has awarded 301 individual grants totaling $5,973,019. 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
THE MISSION OF THE FOUNDATION IS TO ENGAGE PEOPLE, BUILD RESOURCES, AND ENRICH LIVES, AND ITS VISION IS FOR A HEALTHY, EDUCATED AND THRIVING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE QUALITY OF LIFE WAS ENRICHED IN THE WABASH VALLEY THROUGH THE FOUNDATION'S GRANTS TO SUSTAIN SOCIAL SERVICE, CIVIC AFFAIRS AND ARTS AND CULTURAL ORGANIZATIONS. THE FOUNDATION PROVIDES NUMEROUS GRANTS THROUGHOUT THE COMMUNITY IN VARIOUS AREAS TO HELP MEET THE NEEDS OF THE COMMUNITY AND PROVIDE A MEANS OF ADDRESSING DEVELOPING ISSUES AND CONCERNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Dougherty Director | Trustee | 1 | $0 |
Brian Ross Director | Trustee | 1 | $0 |
Carrie Page Director | Trustee | 1 | $0 |
David Friedrich Director | Trustee | 1 | $0 |
Dee Reed Director | Trustee | 1 | $0 |
Gary Ulrich 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 | $4,138,406 |
| Noncash contributions included in lines 1a–1f | $271,339 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,138,406 |
| Total Program Service Revenue | $65,079 |
| Investment income | $2,675,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $899,533 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,778,986 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,767,264 |
| Grants and other assistance to domestic individuals. | $838,612 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $210,000 |
| Compensation of current officers, directors, key employees. | $96,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $408,417 |
| Pension plan accruals and contributions | $26,326 |
| Other employee benefits | $88,959 |
| Payroll taxes | $54,080 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,715 |
| Fees for services: Accounting | $15,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $199,259 |
| Fees for services: Other | $22,413 |
| Advertising and promotion | $0 |
| Office expenses | $25,603 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,184 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,407 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,821 |
| Insurance | $0 |
| All other expenses | $32,358 |
| Total functional expenses | $4,991,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $558,885 |
| Savings and temporary cash investments | $2,391,108 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,932 |
| 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 | $0 |
| Net Land, buildings, and equipment | $823,611 |
| Investments—publicly traded securities | $84,029,933 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $113,368 |
| Total assets | $87,950,837 |
| Accounts payable and accrued expenses | $9,289 |
| Grants payable | $2,276,917 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,774,152 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $438,674 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,487 |
| Total liabilities | $6,505,519 |
| Net assets without donor restrictions | $78,259,360 |
| Net assets with donor restrictions | $3,185,958 |
| 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 | $87,950,837 |
Grants Awarded
Over the last fiscal year, Wabash Valley Community Foundation Inc has awarded $2,207,352 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
FOREST PARK GOLF COURSE CITY OF BRAZIL PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $117,000 |
CLARA FAIRBANKS FOUNDATION INC PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $150,000 |
IVY TECH FOUNDATION PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $94,950 |
SHELDON SWOPE ART MUSEUM INC PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $97,679 |
UNITED WAY OF THE WABASH VALLEY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $172,431 |
NEXT STEP FOUNDATION INC PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $65,746 |