Dearborn Community Foundation Inc
- Assets
- $29.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Lawrenceburg, IN
- Founding
- 04/1998
- Data as of
- 12/2023
- EIN
- 35-2036110
Organization Overview
Dearborn Community Foundation Inc is located in Lawrenceburg, IN. The organization was established in 1998. 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, Dearborn Community Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dearborn 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, Dearborn Community Foundation Inc generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Dearborn Community Foundation Inc has awarded 139 individual grants totaling $3,526,045. 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 DEARBORN COMMUNITY FOUNDATION, INC. IS A CATALYST TO CONNECT PEOPLE WHO CARE WITH CAUSES THAT IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITY BY ADVANCING CULTURAL, EDUCATIONAL AND SOCIAL OPPORTUNITIES, WHILE PRESERVING OUR COMMUNITY'S HERITAGE AND HELPING DONORS TO CREATE A PERMANENT LEGACY IN DEARBORN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DEARBORN COMMUNITY FOUNDATION AWARDED 334 GRANTS AND SCHOLARSHIPS. GRANTS WERE AWARDED TO NON-PROFIT ORGANIZATIONS FOR THE PURPOSE OF ENHANCING THE DEARBORN COUNTY COMMUNITY AND SCHOLARSHIPS WERE AWARDED TO LOCAL STUDENTS FOR THE PURPOSE OF FURTHERING THEIR EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Mccarter Executive Director | Officer | 40 | $110,156 |
Ed Gordon Chairperson | OfficerTrustee | 3 | $0 |
Michael Mclaughlin President | OfficerTrustee | 3 | $0 |
Jon Strautman Vice-President | OfficerTrustee | 3 | $0 |
Lisa Moorhead Secretary | OfficerTrustee | 3 | $0 |
Bridget Davidson Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,493 |
| Related organizations | $0 |
| Government grants | $1,035,335 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,075,503 |
| Noncash contributions included in lines 1a–1f | $5,918 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,127,331 |
| Total Program Service Revenue | $0 |
| Investment income | $864,825 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,036 |
| Net Income from Fundraising Events | -$8,354 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,099,914 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $979,786 |
| Grants and other assistance to domestic individuals. | $212,968 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $119,446 |
| Compensation of current officers, directors, key employees. | $11,945 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,327 |
| Payroll taxes | $17,540 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,973 |
| Fees for services: Accounting | $11,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $76,279 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,510 |
| Office expenses | $7,783 |
| Information technology | $17,805 |
| Royalties | $0 |
| Occupancy | $15,725 |
| Travel | $617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,018 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,498 |
| Insurance | $5,005 |
| All other expenses | $11,332 |
| Total functional expenses | $1,639,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,955 |
| Savings and temporary cash investments | $4,687,987 |
| 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 | $5,658 |
| Investments—publicly traded securities | $24,034,496 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $598,225 |
| Total assets | $29,333,321 |
| Accounts payable and accrued expenses | $13,225 |
| Grants payable | $0 |
| Deferred revenue | $60,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $9,888,766 |
| 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 | $36,081 |
| Total liabilities | $9,998,072 |
| Net assets without donor restrictions | $2,506,553 |
| Net assets with donor restrictions | $16,828,696 |
| 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 | $29,333,321 |
Grants Awarded
Over the last fiscal year, Dearborn Community Foundation Inc has awarded $749,901 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF AURORA PURPOSE: Fire Dept Needs and Endowment Distribution | $69,327 |
ALL SAINTS PARISH PURPOSE: Parish Outreach Programs and Endowment Distribution | $12,285 |
DEARBORN COUNTY CLEARING HOUSE FOR EMERGENCY AID INC PURPOSE: Needs of the Organization, food & hygiene items & Endow Dist | $6,346 |
DEARBORN COUNTY HISTORICAL SOCIETY INC PURPOSE: Furnace replacement, tech needs & Endow Dist | $11,513 |
DEARBORN COUNTY PARKS FOUNDATION INC PURPOSE: Endowment Distribution | $5,583 |
DEARBORN COUNTY RETIRED TEACHERS FOUNDATION INC PURPOSE: Needs of Organization & Endow Dist | $6,766 |