Community Foundation Of Pulaski Inc
- Assets
- $15.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Winamac, IN
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 35-2127564
Organization Overview
Community Foundation Of Pulaski Inc is located in Winamac, IN. The organization was established in 2002. 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, Community Foundation Of Pulaski Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Pulaski 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 12/2021, Community Foundation Of Pulaski Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Community Foundation Of Pulaski Inc has awarded 49 individual grants totaling $1,156,127. 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
CFPC ENCOURAGES AND ADMINISTERS ENDOWED FUNDS; IT MAKES GRANTS TO PUBLIC CHARITABLE ORGANIZATIONS AND CONDUCTS ACTIVITIES TO FURTHER PURPOSES DESCRIBED BOTH IN SECTIONS 170(C)(2)(B) AND 501(C)(3) OF THE INTERNAL REVENUE CODE. IT MAY MAKE GRANTS, CONTRIBUTIONS, LOANS OR GIFTS DIRECTLY TO INDIVIDUALS INCLUDING GRANTS FOR SCHOLARSHIP BENEFITS, STUDENT AID OR SIMILAR PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS PAID OUT TO LOCAL NONPROFIT ORGANIZATIONS FROM EARNINGS ON ENDOWED FUNDS.
SCHOLARSHIPS WERE AWARDED TO LOCAL STUDENTS FROM EARNINGS ON ENDOWED FUNDS. THESE RANGE FROM ONE-TIME AWARDS TO AWARDS THAT ARE RENEWABLE FOR UP TO 6 SEMESTERS. MOST AWARDS WERE MADE TO RECENT HIGH SCHOOL GRADUATES.
GRANTS FROM DONOR ADVISED FUNDS WERE PAID OUT TO CHARITABLE PROGRAMS AND ORGANIZATIONS.
GRANTS FROM PASS THRU FUNDS, ANNUITIES, AND TRUSTS WERE PAID OUT TO CHARITABLE PROGRAMS AND ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Rose Executive Di | Officer | 40 | $71,608 |
Vicki Overmyer President | OfficerTrustee | 0.5 | $0 |
Barb Schultz Secretary | OfficerTrustee | 0.5 | $0 |
Kaye Beall Vice Preside | OfficerTrustee | 0.5 | $0 |
Gregg Malott Treasurer | OfficerTrustee | 0.5 | $0 |
Pam Burger Director | Trustee | 0.5 | $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 | $196,454 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,454 |
| Total Program Service Revenue | $238,985 |
| Investment income | $533,593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $267,261 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,236,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $464,181 |
| Grants and other assistance to domestic individuals. | $93,955 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,608 |
| Compensation of current officers, directors, key employees. | $42,965 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,704 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,500 |
| Payroll taxes | $7,780 |
| Fees for services: Management | $238,985 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,580 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,291 |
| Office expenses | $6,413 |
| Information technology | $4,427 |
| Royalties | $0 |
| Occupancy | $12,086 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $873 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $283 |
| Insurance | $3,817 |
| All other expenses | $313 |
| Total functional expenses | $1,164,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,181,320 |
| 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 | $110,796 |
| Investments—publicly traded securities | $13,982,686 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,274,802 |
| Accounts payable and accrued expenses | $8,780 |
| Grants payable | $3,011 |
| 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 | $699,013 |
| Total liabilities | $710,804 |
| Net assets without donor restrictions | $479,835 |
| Net assets with donor restrictions | $14,084,163 |
| 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 | $15,274,802 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Pulaski Inc has awarded $368,877 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF WINAMAC PURPOSE: CHARITABLE SUPPORT | $148,009 |
Winamac, IN PURPOSE: PACE EDUCATION PROG. | $59,400 |
Winamac, IN PURPOSE: CHARITABLE SUPPORT | $33,667 |
WINAMAC TOWN COUNCIL PURPOSE: TOWN PARK SUPPORT | $26,267 |
PULASKI COUNTY LIBRARY PURPOSE: CHARITABLE SUPPORT | $24,032 |
Winamac, IN PURPOSE: CHARITABLE SUPPORT | $22,640 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community Foundation Of Pulaski Inc has recieved totaling $17,502.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $17,390 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $112 |
Endowment Analysis
| Beg. Balance | $13,088,244 |
| Earnings | $1,885,785 |
| Admin Expense | $231,240 |
| Net Contributions | $128,398 |
| Grants | $236,084 |
| Ending Balance | $14,058,618 |
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 |