Owen County Community Foundation
- Assets
- $12.2m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 9
- Location
- Spencer, IN
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 35-1934464
Organization Overview
Owen County Community Foundation is located in Spencer, IN. The organization was established in 1995. 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 12/2021, Owen County Community Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Owen County Community Foundation 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 12/2021, Owen County Community Foundation generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 12.6% per year over the past 7 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 2014, Owen County Community Foundation has awarded 57 individual grants totaling $1,427,412. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OWEN COUNTY COMMUNITY FOUNDATION IS COMMITTED TO ENHANCING THE QUALITY OF LIFE FOR ALL CITIZENS OF OWEN COUNTY, NOW AND FOR GENERATIONS TO COME. TO BE THE TRUSTWORTHY RESOURCE FOR PHILANTHROPY BY BUILDING A PERMANENT ENDOWMENT, ADDRESSING NEEDS THROUGH GRANTMAKING, AND PROVIDING LEADERSHIP RESOURCES TO SERVE OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND SCHOLARSHIPS: ACHIEVEMENT OF THIS PROGRAM'S PURPOSE PROVIDES SUPPORT FOR ORGANIZATIONS PERFORMING CHARITABLE WORK IN OWEN COUNTY TO HELP MAKE OUR COMMUNITIES BECOME BETTER PLACES TO GROW, WORK AND LIVE AS WELL AS TO HELP THESE GROUPS REMAIN RELEVANT OVER TIME AND RESPONSIVE TO CHANGING CIRCUMSTANCES. SCHOLARSHIP GRANTS TO INDIVIDUALS HELP STUDENTS PURSUE THEIR ACADEMIC GOALS AND HELP RAISE THE LEVEL OF EDUCATIONAL ATTAINMENT IN OWEN COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Rummel President/ceo | Officer | 40 | $79,550 |
David Friedel Chairperson | OfficerTrustee | 1 | $0 |
Myrna Fields Secretary | OfficerTrustee | 1 | $0 |
Kaye Erney Treasurer | OfficerTrustee | 1 | $0 |
Rob Babbs Vice-Chairperson | OfficerTrustee | 1 | $0 |
Amber Mullin Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $48,537 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,655,778 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,704,315 |
| Total Program Service Revenue | $22,746 |
| Investment income | $247,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $879,949 |
| Net Income from Fundraising Events | $427 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,854,735 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $532,889 |
| Grants and other assistance to domestic individuals. | $56,079 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,550 |
| Compensation of current officers, directors, key employees. | $19,888 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,280 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $39,802 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,059 |
| Fees for services: Other | $64,755 |
| Advertising and promotion | $20,151 |
| Office expenses | $17,948 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,383 |
| Travel | $1,193 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,763 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,336 |
| Insurance | $5,243 |
| All other expenses | $0 |
| Total functional expenses | $1,086,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $973,071 |
| Savings and temporary cash investments | $74,340 |
| Pledges and grants receivable | $61,781 |
| Accounts receivable, net | $12 |
| 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 | $33,147 |
| Investments—publicly traded securities | $11,019,013 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,161,364 |
| Accounts payable and accrued expenses | $3,494 |
| Grants payable | $12,573 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $108,118 |
| 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 | $55,615 |
| Total liabilities | $179,800 |
| Net assets without donor restrictions | $796,969 |
| Net assets with donor restrictions | $11,184,595 |
| 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 | $12,161,364 |
Grants Awarded
Over the last fiscal year, Owen County Community Foundation has awarded $277,873 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF SPENCER PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $51,492 |
Spencer, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $43,206 |
Ellettsville, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $41,040 |
SPENCER PRIDE INC PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $35,000 |
OWEN COUNTY PUBLIC LIBRARY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $25,000 |
Indianapolis, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $23,250 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Owen County Community Foundation has recieved totaling $170,938.
| Awarding Organization | Amount |
|---|---|
Regional Opportunity Initiatives Inc Bloomington, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $91,067 |
United Way Of Monroe County Inc Bloomington, IN PURPOSE: COVID programs | $62,008 |
The Duke Energy Foundation Charlotte, NC PURPOSE: CLIMATE RESILIENCY | $10,000 |
Indiana Philanthropy Alliance Foundation Inc Indianapolis, IN PURPOSE: Intern Program | $7,153 |
Land O L Foundation St Paul, MN PURPOSE: MEMBER CO-OP MATCHES | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $210 |
Endowment Analysis
| Beg. Balance | $8,907,698 |
| Earnings | $1,425,945 |
| Admin Expense | $196,846 |
| Net Contributions | $1,376,798 |
| Grants | $112,696 |
| Ending Balance | $11,400,899 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Dupage Community Foundation Downers Grove, IL | $125,703,251 | $14,295,087 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Southern Indiana Inc New Albany, IN | $128,848,099 | $8,060,969 |
Waukesha County Community Foundation Inc Waukesha, WI | $76,894,981 | $24,718,378 |
Community Foundation Alliance Inc Evansville, IN | $117,500,760 | $8,724,196 |
Hamilton County Community Foundation Inc Fishers, IN | $98,701,430 | $28,985,245 |