Fayette County Foundation Inc
- Assets
- $14.9m
- Revenue
- $750.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Connersville, IN
- Founding
- 04/2002
- Data as of
- 12/2022
- 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 12/2022, Fayette County Foundation Inc employed 4 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 12/2022, Fayette County Foundation Inc generated $750.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $887.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fayette County Foundation Inc has awarded 48 individual grants totaling $656,221. 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Hunter Secretary | OfficerTrustee | 5 | $0 |
John Clarke Treasurer | OfficerTrustee | 5 | $0 |
Dr Jay Bernzott Board Member | Trustee | 0.5 | $0 |
Georgia Green Board Member | Trustee | 0.5 | $0 |
Greg O'brien Board Member | Trustee | 0.5 | $0 |
Abigail Stanek 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 | $257,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,155 |
| Total Program Service Revenue | $0 |
| Investment income | $441,973 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,097 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $750,941 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $410,121 |
| Grants and other assistance to domestic individuals. | $102,607 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,079 |
| Compensation of current officers, directors, key employees. | $46,955 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,649 |
| Pension plan accruals and contributions | $2,754 |
| Other employee benefits | $4,560 |
| Payroll taxes | $11,993 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,248 |
| Fees for services: Other | $29,075 |
| Advertising and promotion | $3,119 |
| Office expenses | $39,264 |
| Information technology | $3,268 |
| Royalties | $0 |
| Occupancy | $8,374 |
| Travel | $7,209 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,129 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,967 |
| Insurance | $3,490 |
| All other expenses | $3,482 |
| Total functional expenses | $887,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $342,592 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $324,484 |
| 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 | $380,358 |
| Investments—publicly traded securities | $13,850,025 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,897,459 |
| Accounts payable and accrued expenses | $4,202 |
| Grants payable | $99,186 |
| 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 | $108,247 |
| Net assets without donor restrictions | $4,526,437 |
| Net assets with donor restrictions | $10,262,775 |
| 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 | $14,897,459 |
Grants Awarded
Over the last fiscal year, Fayette County Foundation Inc has awarded $288,172 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST PRESBYTERIAN CHURCH PURPOSE: ANNUAL DESIGNATED PAYOUT | $13,600 |
WAWASEE AREA CONSERVANCY FOUNDATION INC PURPOSE: ANNUAL DESIGNATED PAYOUT | $10,225 |
HISTORIC CONNERSVILLE INC PURPOSE: ANNUAL AGENCY AND DESIGNATED PAYOUT | $12,100 |
CENTRAL CHRISTIAN CHURCH PURPOSE: ANNUAL DESIGNATED PAYOUT | $5,850 |
INDIANA AUDUBON SOCIETY PURPOSE: ANNUAL DESIGNATED PAYOUT | $6,425 |
WHITEWATER VALLEY RAILROAD PURPOSE: ANNUAL DESIGNATED PAYOUT | $9,750 |