Community Foundation Of Randolph County Inc
- Assets
- $13.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Winchester, IN
- Founding
- 12/1993
- Data as of
- 12/2022
- EIN
- 35-1903148
Organization Overview
Community Foundation Of Randolph County Inc is located in Winchester, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Randolph County 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 12/2022, Community Foundation Of Randolph County Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $790.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Foundation Of Randolph County Inc has awarded 201 individual grants totaling $2,296,446. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY FOUNDATION OF RANDOLPH COUNTY, INC. ENCOURAGES PHILANTHROPHY, ASSISTS DONORS IN BUILDING AN ENDURING SOURCE OF CHARITABLE ASSETS, AND EXERCISES LEADERSHIP IN DIRECTING RESOURCES TO ENHANCE THE QUALITY OF LIFE FOR THE RESIDENTS OF RANDOLPH COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY GRANTS AND COLLEGE SCHOLARSHIPS FOR RANDOLPH COUNTY STUDENTS. 104 SCHOLARSHIPS AND 82 GRANTS WERE DISTRIBUTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzan Dillon Myers Board Member | Trustee | 1 | $0 |
Jane Flesher Board Member | Trustee | 1 | $0 |
Christen Commers Smith Board Member | Trustee | 1 | $0 |
Janice Powers Treasurer | OfficerTrustee | 1 | $0 |
Robert K Gentry Board Member | Trustee | 1 | $0 |
Kurt Prescott Board Member | 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 | $2,169,260 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,169,260 |
| Total Program Service Revenue | $0 |
| Investment income | $249,911 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $536,001 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,997,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $211,172 |
| Grants and other assistance to domestic individuals. | $166,071 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $74,006 |
| Compensation of current officers, directors, key employees. | $25,902 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,380 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,433 |
| Fees for services: Management | $8,230 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,637 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,967 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,102 |
| Office expenses | $12,033 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,400 |
| Travel | $566 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,331 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,141 |
| Insurance | $4,540 |
| All other expenses | $6,182 |
| Total functional expenses | $790,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,285 |
| Savings and temporary cash investments | $1,259,947 |
| Pledges and grants receivable | $1,975,106 |
| Accounts receivable, net | $26,794 |
| 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 | $1,500 |
| Net Land, buildings, and equipment | $13,304 |
| Investments—publicly traded securities | $10,359,419 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,586 |
| Total assets | $13,901,941 |
| Accounts payable and accrued expenses | $7,372 |
| Grants payable | $276,260 |
| 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 | $7,586 |
| Total liabilities | $291,218 |
| Net assets without donor restrictions | $4,231,920 |
| Net assets with donor restrictions | $9,378,803 |
| 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 | $13,901,941 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Randolph County Inc has awarded $141,823 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ART ASSOCIATION OF RANDOLPH COUNTY PURPOSE: FOR ACCUMULATED EARNINGS AND TO HELP FUND KIDS PROGRAM AND ART SHOW/CALENDAR | $10,741 |
MONROE CENTRAL SCHOOL CORPORATION PURPOSE: FOR REQUEST FOR ACCUMULATED EARNINGS AND FOOD PORTION OF BUDGET FOR DAD'S DAY | $8,690 |
RANDOLPH COUNTY 4-H CLUB INC PURPOSE: TO RENOVATE GOAT BARN | $6,000 |
PRESERVATION SOCIETY OF UNION CITY IN-OH PURPOSE: TO HELP SUPPORT THE ANTIQUE MALL ANNIVERSAY CELEBRATION AND OPERATING SUPPORT | $7,250 |
RANDOLPH COUNTY YMCA PURPOSE: FOR FUNDING FOR SUMMER DAY CAMP, GIRLS ON THE RUN PROGRAM, AND FOR REQUEST FOR ACCUMULATED EARNINGS | $25,313 |
UNION CITY PUBLIC LIBRARY PURPOSE: OPERATING SUPPORT | $6,166 |