Whitley County Community Foundation Inc
- Assets
- $38.2m
- Revenue
- $3.2m
- Investments
- $170.6k
- Employees
- 6
- Location
- Columbia City, IN
- Founding
- 08/1992
- Data as of
- 12/2023
- EIN
- 35-1860518
Organization Overview
Whitley County Community Foundation Inc is located in Columbia City, 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 12/2023, Whitley County Community Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whitley 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, Whitley County Community Foundation Inc generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Whitley County Community Foundation Inc has awarded 326 individual grants totaling $10,416,852. 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
IT IS THE MISSION OF THE COMMUNITY FOUNDATION OF WHITLEY COUNTY TO INSPIRE PHILANTHROPY, ENRICH COMMUNITY, AND SERVE DONORS BY CREATING AN ENDURING SOURCE OF CHARITABLE ASSETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS: WE PROVIDE SCHOLARSHIPS TO STUDENTS WANTING TO PURSUE POST SECONDARY EDUCATION. THESE SCHOLARSHIPS ARE TO HELP WITH EXPENSES RELATING TO TUITION, FEES AND BOOKS. AS A COMMUNITY, WE HOPE TO BE ABLE TO FINANCIALLY HELP OUR CITIZENS OBTAIN EDUCATION PAST A HIGH SCHOOL DEGREE. ONLY 13.3% OF ADULTS OVER TWENTY-FIVE YEARS OF AGE IN WHITLEY COUNTY HAVE A FOUR YEAR DEGREE. IT IS THE HOPE THAT SCHOLARSHIPS WILL IMPROVE THAT PERCENTAGE OVER TIME.
GRANTS: THE WHITLEY COUNTY COMMUNITY FOUNDATION'S UNRESTRICTED ENDOWMENT FUNDS RESPOND TO THE EVER-CHANGING ISSUES FACING WHITLEY COUNTY. TWICE A YEAR, THE FOUNDATION'S VOLUNTEER GRANTS COMMITTEE REVIEWS APPLICATIONS AND MAKES FUNDING RECOMMENDATIONS TO THE BOARD OF DIRECTORS. GRANTS ARE MADE POSSIBLE BY DONORS WHO HAVE INSTRUCTED THE FOUNDATION TO DIRECT THEIR GIFTS WHERE EVER THE NEED IS THE GREATEST. THE COMMUNITY FOUNDATION DIRECTS GRANTS TO CHARITABLE PROJECTS THAT WILL MAKE A POSITIVE IMPACT ON WHITLEY COUNTY AND ITS PEOPLE, WITH PARTICULAR INTEREST IN PROJECTS THAT SHED NEW LIGHT ON LOCAL NEEDS AND PROVIDE INNOVATIVE, LONG-TERM SOLUTIONS. CATEGORIES OF SUPPORT INCLUDE: ARTS & CULTURE, HEALTH, CIVIC AFFAIRS, RECREATION, COMMUNITY DEVELOPMENT, WELFARE, AND EDUCATION.
CONVENING COMMUNITY LEADERS: THE WHITLEY COUNTY COMMUNITY FOUNDATION WILL BE THE CATALYST FOR CHANGE IN THE COMMUNITY. WHENEVER NEEDS ARISE, THE FOUNDATION ACTS AS THE CONVENER TO THE INTERESTED PARTIES TO HELP FACILITATE CHANGE. SINCE THE FOUNDATION IS NOT POLITICAL, IT CAN STAY NEUTRAL IN MANY SITUATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam St Clair President | OfficerTrustee | 0.5 | $0 |
Kathy Heuer Vice Preside | OfficerTrustee | 0.5 | $0 |
Joe Kessie Treasurer | OfficerTrustee | 0.5 | $0 |
Donald Armstrong Director | Trustee | 0.5 | $0 |
Michelle Burch Director | Trustee | 0.5 | $0 |
Matt Dahms Director | Trustee | 0.5 | $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 | $2,145,651 |
| Noncash contributions included in lines 1a–1f | $223,957 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,145,651 |
| Total Program Service Revenue | $433,891 |
| Investment income | $805,402 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$192,205 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,192,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,486,453 |
| Grants and other assistance to domestic individuals. | $365,622 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,857 |
| Compensation of current officers, directors, key employees. | $73,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $210,251 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,000 |
| Payroll taxes | $27,164 |
| Fees for services: Management | $433,891 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,259 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $108,412 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,029 |
| Office expenses | $29,726 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,927 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,184 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,210 |
| Insurance | $8,722 |
| All other expenses | $6,177 |
| Total functional expenses | $4,007,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,601,252 |
| 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 | $12,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,238 |
| Net Land, buildings, and equipment | $3,531,637 |
| Investments—publicly traded securities | $30,844,159 |
| Investments—other securities | $170,556 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,303 |
| Total assets | $38,187,145 |
| Accounts payable and accrued expenses | $162,751 |
| Grants payable | $161,405 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $463,120 |
| Total liabilities | $787,276 |
| Net assets without donor restrictions | $3,186,035 |
| Net assets with donor restrictions | $34,213,834 |
| 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 | $38,187,145 |
Grants Awarded
Over the last fiscal year, Whitley County Community Foundation Inc has awarded $1,758,512 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS OF NORTHEASTINDIANA PURPOSE: GENERAL SUPPORT | $5,200 |
ADVOCACY LINKS PURPOSE: GENERAL SUPPORT | $7,500 |
BABE PURPOSE: GENERAL SUPPORT | $65,658 |
CAMP WHITLEY PURPOSE: GENERAL SUPPORT | $18,877 |
BOOMERANG BACKPACKS PURPOSE: GENERAL SUPPORT | $5,300 |
CANCER SERVICES OF NORTHEAST IN PURPOSE: PROGRAM SUPPORT | $9,650 |