Hendricks County Community Foundation Inc
- Assets
- $20.8m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 12
- Location
- Avon, IN
- Founding
- 03/1993
- Data as of
- 12/2023
- EIN
- 35-1878973
Organization Overview
Hendricks County Community Foundation Inc is located in Avon, IN. The organization was established in 1993. 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, Hendricks County Community Foundation Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hendricks 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, Hendricks County Community Foundation Inc generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hendricks County Community Foundation Inc has awarded 225 individual grants totaling $6,215,502. 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 HENDRICKS COUNTY COMMUNITY FOUNDATION MISSION IS TO BE A TRUSTED COMMUNITY PARTNER IN UNDERSTANDING NEEDS, ALIGNING RESOURCES, AND EMPOWERING PEOPLE TO ADDRESS TODAY'S PRIORITIES AND CREATE LASTING IMPACT TOGETHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DISTRIBUTED GRANTS TO VARIOUS CHARITABLE ORGANIZATIONS WITHIN HENDRICKS COUNTY THROUGH THE DEEDEE DANIEL OPPORTUNITY FUND AND OTHER UNRESTRICTED FUNDS.
THE FOUNDATION DISTRIBUTED SCHOLARSHIPS TO GRADUATING SENIORS FROM HENDRICKS COUNTY HIGH SCHOOLS AND PROVIDED GRANTS PER AN APPROVED APPLICATION PROCESS FOR VARIOUS FUNDS ESTABLISHED FOR VARIOUS CHARITABLE CAUSES FOR INDIVIDUALS AND FAMILIES IN NEED. PAYMENTS ARE MADE DIRECTLY TO VENDORS TO FULFILL THE NEED. NO PAYMENTS ARE MADE DIRECTLY TO THE APPLICANTS.
THE FOUNDATION DISTRIBUTED FUNDS ACCORDING TO THE TERMS OF VARIOUS COMMUNITY-ESTABLISHED FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Riley Board Chair | OfficerTrustee | 2 | $0 |
Jennifer Ahles Treasurer | OfficerTrustee | 2 | $0 |
Joanna Kennedy Secretary | OfficerTrustee | 2 | $0 |
Ryan Tanselle Past Board | OfficerTrustee | 2 | $0 |
Dan Dunbar Director | Trustee | 1 | $0 |
Amy Comer Elliott 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 | $2,631,587 |
| Noncash contributions included in lines 1a–1f | $753,842 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,631,587 |
| Total Program Service Revenue | $390,887 |
| Investment income | $481,751 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,810 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,500,352 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,299,648 |
| Grants and other assistance to domestic individuals. | $80,904 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,084 |
| Compensation of current officers, directors, key employees. | $41,846 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $361,773 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,699 |
| Payroll taxes | $34,102 |
| Fees for services: Management | $390,887 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $91,041 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,396 |
| Fees for services: Other | $0 |
| Advertising and promotion | $58,926 |
| Office expenses | $40,847 |
| Information technology | $55,011 |
| Royalties | $0 |
| Occupancy | $13,875 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,112 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,661 |
| All other expenses | $3,961 |
| Total functional expenses | $2,664,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,234,470 |
| Pledges and grants receivable | $210,425 |
| 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 | $19,672 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $18,129,618 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $176,025 |
| Total assets | $20,770,210 |
| Accounts payable and accrued expenses | $12,185 |
| Grants payable | $120,709 |
| 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 | $555,201 |
| Total liabilities | $688,095 |
| Net assets without donor restrictions | $1,080,016 |
| Net assets with donor restrictions | $19,002,099 |
| 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 | $20,770,210 |
Grants Awarded
Over the last fiscal year, Hendricks County Community Foundation Inc has awarded $1,123,284 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
AVON EDUCATION FOUNDATION PURPOSE: EDUCATION | $11,350 |
AVON OUTDOOR LEARNING CENTER PURPOSE: EDUCATION | $5,550 |
BROWNSBURG EDUCATION FOUNDATION PURPOSE: EDUCATION | $7,650 |
BROWNSBURG PARKS AND REC PURPOSE: PARK OPERATIONS | $37,857 |
COVENANT CHRISTIAN HIGH SCHOOLADVANCEMENT OFFICE PURPOSE: EDUCATION | $20,750 |
DANVILLE GIRLS SOFTBALL ASSOCIATION PURPOSE: YOUTH | $8,055 |