Brown County Community Foundation Inc
- Assets
- $17.0m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 4
- Location
- Nashville, IN
- Founding
- 02/1996
- Data as of
- 12/2023
- EIN
- 35-1960379
Organization Overview
Brown County Community Foundation Inc is located in Nashville, IN. The organization was established in 1996. 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, Brown County Community Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brown 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, Brown County Community Foundation Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 8.7% per year over the past 9 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 2015, Brown County Community Foundation Inc has awarded 225 individual grants totaling $6,012,511. 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
TO ENRICH THE QUALITY OF LIFE OF THE PEOPLE OF BROWN COUNTY THROUGH PRIVATE PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OBJECTIVE OF BCCF SCHOLARSHIP PROGRAM IS TO NOT ONLY ENHANCE SCHOLARSHIP RECIPIENTS QUALITY OF LIFE DUE TO HIGHER EDUCATION OPPORTUNITIES, BUT ALSO TO SERVE BCCF DONORS PHILANTHROPIC ENDEAVORS WITH SCHOLARSHIP ENDOWMENTS. THERE WERE 32 SCHOLARSHIPS AWARDED IN 2023 FOR A TOTAL OF $54,237. THESE SCHOLARSHIPS PROVIDE FINANCIAL AID FOR DESERVING STUDENTS TO ATTEND AND/OR GRADUATE FROM A COLLEGE OR UNIVERSITY OR TRADE SCHOOL. FROM ENDOWED OR NON-PERMANENT FUNDS ANNUAL MONIES ARE MADE AVAILABLE AND THROUGH FOUNDATION MARKETING AND NETWORKING POTENTIAL APPLICANTS ARE MADE AWARE OF THE SELECTION PROCESS. A SCHOLARSHIP ORIENTATION FOR ALL PARENTS AND/OR STUDENTS IS FACILITATED BY THE BCCF DEVELOPMENT AND PROGRAM ASSISTANT AND BCCF SCHOLARSHIP COMMITTEE CHAIR WHERE APPLICATION BOOKLETS ARE DISTRIBUTED. UPON RECEIPT OF ALL APPLICATIONS, A BLIND PROCESS BEGINS WITH A BOARD APPROVED COMMITTEE. RATING AND SCORE SHEETS ARE PROVIDED, AND ALL CRITERIA FOR EACH SCHOLARSHIP STRICTLY ADHERE TO ALL HR4 REQUIREMENTS.THE BCCF GRANTS PROGRAM CREATES PARTNERSHIPS BY ENHANCING QUALITY OF LIFE ISSUES WITH FINANCIAL GRANTS ASSISTANCE. THE VISIBILITY AND SUCCESS OF THESE GRANT PROJECTS ATTRACT NEW ENDOWMENT FUNDS. IN 2023 SEVERAL INDIANA ARTIST OR ARTS ORGANIZATION APPLICANTS APPLIED FOR FUNDING AND ALL RECEIVED SOME LEVEL OF FUNDING. THE BCCF AWARDED AN IMPACT GRANT TO BROWN COUNTY SCHOOLS FOR AN EIGHTH YEAR TO FUND 25 PRE-K SCHOLARSHIPS. THE PURPOSE OF THE BCCF GRANTS PROGRAM IS TO FINANCIALLY SUPPORT LOCAL NON-PROFIT AGENCIES (AND A FEW OUT OF STATE) BY AN ANNUAL COMPETITIVE GRANT CYCLE, SIMILAR TO THE BCCF SCHOLARSHIP PROGRAM. FROM A DIRECT MAILING, MARKETING AND NETWORKING METHODS, POTENTIAL GRANTEES ARE NOTIFIED OF THE CYCLE DATES WHICH WAS APPROVED BY THE FULL BOARD. ALL CONFLICTS OF INTEREST ARE DULY NOTED AND RECORDED. ALL HR4 REQUIREMENTS ARE STRICTLY ADHERED TO. WITH A RATING AND SCORING PROCEDURE THE GRANTEES ARE SELECTED AND PRESENTED TO THE FULL BOARD FOR APPROVAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Bongard III Trustee | Trustee | 2 | $0 |
John Elliott Trustee | Trustee | 2 | $0 |
Debbie Kelley Trustee | Trustee | 7 | $0 |
Kevin Mccracken Trustee | Trustee | 2 | $0 |
Phil Mckown Trustee | Trustee | 5 | $0 |
David Phelps Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $138,650 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,341,123 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,479,773 |
| Total Program Service Revenue | $21,659 |
| Investment income | $474,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $731,789 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,707,577 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,896,690 |
| Grants and other assistance to domestic individuals. | $54,237 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,818 |
| Compensation of current officers, directors, key employees. | $37,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,990 |
| Payroll taxes | $16,323 |
| 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 | $59,162 |
| Fees for services: Other | $47,674 |
| Advertising and promotion | $3,628 |
| Office expenses | $10,851 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,822 |
| Travel | $1,719 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,091 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,946 |
| Insurance | $1,977 |
| All other expenses | $0 |
| Total functional expenses | $2,342,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $516,786 |
| 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 | $0 |
| Net Land, buildings, and equipment | $450,451 |
| Investments—publicly traded securities | $15,806,311 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $242,340 |
| Total assets | $17,015,888 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $34,250 |
| Deferred revenue | $29,707 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,072,062 |
| 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 | $48,590 |
| Total liabilities | $1,184,609 |
| Net assets without donor restrictions | $1,115,042 |
| Net assets with donor restrictions | $14,716,237 |
| 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 | $17,015,888 |
Grants Awarded
Over the last fiscal year, Brown County Community Foundation Inc has awarded $957,420 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BROWN COUNTY SCHOOLS PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $672,960 |
CAREER RESOURCE CENTER OF BROWN COUNTY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $66,753 |
NASHVILLE ARTS & ENTERTAINMENT COMMISSION PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $45,000 |
BROWN COUNTY ART GUILD INC PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $41,500 |
BROWN COUNTY HABITAT FOR HUMANITY INC PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $20,000 |
OAK RIDGE CEMETERY ASSOCIATION PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $15,054 |