Fayette County Foundation Inc
- Assets
- $17.5m
- Revenue
- $860.8k
- Investments
- $16.3m
- Employees
- 6
- Location
- Connersville, IN
- Founding
- 04/2002
- Data as of
- 12/2021
- EIN
- 35-2232770
Organization Overview
Fayette County Foundation Inc is located in Connersville, IN. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Fayette County Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fayette County 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 12/2021, Fayette County Foundation Inc generated $860.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $718.9k during the year ending 12/2021. While expenses have increased by 12.5% 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 2020, Fayette County Foundation Inc has awarded 28 individual grants totaling $368,049. 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
TO INSPIRE A SPIRIT OF PHILANTHROPY IN FAYETTE COUNTY BY ENCHANCING THE QUALITY OF LIFE THROUGH IMPACTFUL GRANTMAKING, STRATEGIC ENDOWMENT BUILDING, AND COMMUNITY LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND GRANTS TO 501(C)(3) ORGANIZATIONS, UNITS OF GOVERNMENT, AND SCHOOLS.
EARLY LEARNING COALITION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandra Pflug Executive Director | Officer | 40 | $63,250 |
Carol Hunter Secretary | OfficerTrustee | 5 | $0 |
John Clarke Treasurer | OfficerTrustee | 5 | $0 |
Colin Judd President | OfficerTrustee | 5 | $0 |
Devin Hornsby Board Member | Trustee | 0.5 | $0 |
Dr Jay Bernzott Board Member | 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 | $273,726 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,726 |
| Total Program Service Revenue | $0 |
| Investment income | $307,889 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,562 |
| Net Gain/Loss on Asset Sales | $240,897 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $860,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $299,113 |
| Grants and other assistance to domestic individuals. | $87,833 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,003 |
| Compensation of current officers, directors, key employees. | $39,002 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,466 |
| Pension plan accruals and contributions | $1,902 |
| Other employee benefits | $4,132 |
| Payroll taxes | $10,306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,393 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,554 |
| Fees for services: Other | $24,892 |
| Advertising and promotion | $697 |
| Office expenses | $20,140 |
| Information technology | $7,470 |
| Royalties | $0 |
| Occupancy | $8,246 |
| Travel | $1,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,006 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,109 |
| Insurance | $3,496 |
| All other expenses | $1,784 |
| Total functional expenses | $718,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $355,041 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $399,515 |
| 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 | $398,556 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,309,599 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,462,711 |
| Accounts payable and accrued expenses | $4,202 |
| Grants payable | $99,185 |
| 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 | $4,859 |
| Total liabilities | $108,246 |
| Net assets without donor restrictions | $3,862,643 |
| Net assets with donor restrictions | $13,491,822 |
| 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 | $17,462,711 |
Grants Awarded
Over the last fiscal year, Fayette County Foundation Inc has awarded $152,286 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
FAYETTE COUNTY SCHOOL CORPORATION PURPOSE: PROACTIVE GRANT TO SUPPORT ELEMENTARY SCHOOLS IN COUNTY. | $24,375 |
CITY OF CONNERSVILLE PURPOSE: BOARD DIRECTED GRANT TO SUPPORT DEVELOPMENT OF DOWNTOWN PARK | $20,000 |
Connersville, IN PURPOSE: ANNUAL DESIGNATED PAYOUT | $19,300 |
Connersville, IN PURPOSE: IMPLEMENTATION GRANT REGRANTING TO SUPPORT FARMERS' MARKET STAFFING | $16,418 |
FIRST PRESBYTERIAN CHURCH PURPOSE: ANNUAL DESIGNATED PAYOUT | $13,175 |
Connersville, IN PURPOSE: ANNUAL DESIGNATED PAYOUT | $11,700 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fayette County Foundation Inc has recieved totaling $14.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Endowment Analysis
| Beg. Balance | $13,752,074 |
| Earnings | $2,626,518 |
| Admin Expense | $291,538 |
| Net Contributions | $264,178 |
| Other Expense | -$115,360 |
| Grants | $366,831 |
| Ending Balance | $16,099,761 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Schuler Education Foundation Lake Forest, IL | $54,673,241 | $7,067,242 |
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |
Community Foundation For The Land Of Lincoln Inc Springfield, IL | $62,800,465 | $16,636,147 |