Jennings County Community Foundation Inc
- Assets
- $6.7m
- Revenue
- $484.2k
- Investments
- $0.0
- Employees
- 5
- Location
- North Vernon, IN
- Founding
- 10/1994
- Data as of
- 12/2022
- EIN
- 35-1922885
Organization Overview
Jennings County Community Foundation Inc is located in North Vernon, IN. The organization was established in 1994. 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 12/2022, Jennings 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. Jennings 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 12/2022, Jennings County Community Foundation Inc generated $484.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $590.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jennings County Community Foundation Inc has awarded 53 individual grants totaling $1,280,034. 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 MISSION OF THE ORGANIZATION IS TO SERVE PHILANTHROPIC AND CHARITABLE NEEDS IN JENNINGS COUNTY, INDIANA. THE ORGANIZATION OFFERS ENDOWMENT SERVICES, GRANTMAKING, SCHOLARSHIP, DONOR ESTATE AND PLANNED GIFT SERVICES TO INDIVIDUALS AND QUALIFIED ORGANIZATIONS SERVING JENNINGS COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JENNINGS COUNTY COMMUNITY FOUNDATION IS LOCATED IN NORTH VERNON, INDIANA AND WAS ORGANIZED TO SERVE PHILANTHROPIC AND CHARITABLE NEEDS IN JENNINGS COUNTY. THE ORGANIZATION OFFERS ENDOWMENT SERVICES, GRANTMAKING, SCHOLARSHIP, DONOR ESTATE AND PLANNED GIFT SERVICES TO INDIVIDUALS AND QUALIFIED ORGANIZATIONS SERVING JENNINGS COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanie Koelmel Board Member | Trustee | 2 | $0 |
Greg Hicks Board Member | Trustee | 2 | $0 |
Kathy Dove Board Member | Trustee | 2 | $0 |
Alisa Gasper Board Member | Trustee | 2 | $0 |
Ellie Bright Secretary | OfficerTrustee | 2 | $0 |
Eugene Rudicel Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,750 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $307,981 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $335,731 |
| Total Program Service Revenue | $0 |
| Investment income | $101,080 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,568 |
| Net Income from Fundraising Events | $16,841 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $484,220 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $230,023 |
| Grants and other assistance to domestic individuals. | $80,653 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $51,768 |
| Compensation of current officers, directors, key employees. | $10,354 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,733 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,492 |
| Payroll taxes | $8,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,190 |
| Office expenses | $9,791 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,993 |
| Insurance | $1,219 |
| All other expenses | $3,838 |
| Total functional expenses | $590,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,166 |
| Savings and temporary cash investments | $0 |
| 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 | $3,450 |
| Net Land, buildings, and equipment | $215,513 |
| Investments—publicly traded securities | $5,762,127 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $513,777 |
| Total assets | $6,711,033 |
| Accounts payable and accrued expenses | $2,775 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $2,775 |
| Net assets without donor restrictions | $2,105,075 |
| Net assets with donor restrictions | $4,603,183 |
| 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 | $6,711,033 |
Grants Awarded
Over the last fiscal year, Jennings County Community Foundation Inc has awarded $153,830 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
JENNINGS COUNTY EDC PURPOSE: JCEDC PROGRAMS, ADULT & YOUTH WORKFORCE | $85,000 |
FIRST UNITED METHODIST CHURCH PURPOSE: COVID-19 DISASTER RELIEF & ASSISTANCE GRANT PROGRAM | $8,398 |
JENNINGS COUNTY 4-H COUNCIL PURPOSE: JC HOMEMAKERS EXTENSION, 4H ENDOWMENT FUND | $7,395 |
NORTH VERNON MAIN STREET PURPOSE: LIVE MUSIC SPONSOR OF EVENT, SPONSOR GLOW RUN EVENT, SWAG BAG SPONSOR OF EVENT | $7,775 |
ST MARY'S SCHOOL PURPOSE: CLASSROOM GRANT RECIPIENTS, SCHOLARSHIPS, TUTION FUNDS | $25,399 |
WAYSIDE INN PURPOSE: COMPETITIVE GRANT RECIPIENT, SHERIDA MOORE ENDOWMENT, JEANIE HAHN COMM BETTERMENT FUND | $5,283 |