Community Foundation Of Wabash County Inc
- Assets
- $75.1m
- Revenue
- $13.4m
- Investments
- $4.2k
- Employees
- 7
- Location
- North Manchester, IN
- Founding
- 10/1962
- Data as of
- 12/2022
- EIN
- 35-6019016
Organization Overview
Community Foundation Of Wabash County Inc is located in North Manchester, IN. The organization was established in 1962. 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 12/2022, Community Foundation Of Wabash County Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Wabash County 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, Community Foundation Of Wabash County Inc generated $13.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $4.2m during the year ending 12/2022. While expenses have increased by 10.4% per year over the past 8 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, Community Foundation Of Wabash County Inc has awarded 299 individual grants totaling $10,038,694. 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
THE COMMUNITY FOUNDATION OF WABASH COUNTY SERVES THE CITIZENS OF WABASH COUNTY BY IMPLEMENTING THEIR CHARITABLE ASPIRATIONS, MAKING GRANTS, INVESTING AND SAFEGUARDING CHARITABLE ASSETS, PROVIDING INFORMATION REGARDING CHARITABLE ENDEAVORS, AND CONVENING CITIZENS AND LINKING RESOURCES TO ADDRESS ISSUES CONFRONTING OUR SHARED LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY FOUNDATION ACCEPTS GRANT APPLICATIONS FROM AREA ORGANIZATIONS TWO TIMES A YEAR AND AT ITS DISCRETION WITHOUT ADVICE OR RECOMMENDATIONS FROM A DONOR, OR ANY PERSONS DESIGNATED BY THE DONOR(S), AWARDS GRANTS FOR CHARITABLE PURPOSES WHICH ENRICH LIFE IN WABASH COUNTY BY RESPONDING TO EMERGING AND CHANGING NEEDS AND BY SUSTAINING EXISTING ORGANIZATIONS AND INSTITUTIONS IN SUPPORT OF ARTS AND CULTURE, COMMUNITY AND CIVIC DEVELOPMENT, HEALTH AND HUMAN SERVICES, EDUCATION, RECREATION, AND THE ENVIRONMENT.
PROMISE SCHOLARSHIPS ARE AWARDED TO HELP STUDENTS PAY FOR A COLLEGE OR CAREER EDUCATION AFTER HIGH SCHOOL. PROMISE SCHOLARSHIPS ARE EARNED IN GRADES 4 THROUGH 8 THROUGH IN-SCHOOL CLASSROOM ACHIEVEMENTS AND REGULAR SAVINGS. SCHOLARSHIPS ARE AWARDED TO A STUDENT'S EARLY AWARD SCHOLARSHIP FUND, WHICH IS ADMINISTERED BY THE COMMUNITY FOUNDATION.
THE COMMUNITY FOUNDATION PROVIDES GRANTS TO INDIVIDUALS IN THE FORM OF SCHOLARSHIPS. WE ALSO PROVIDE ASSISTANCE TO INDIVIDUALS FOR BASIC NEEDS DURING A TIME OF FINANCIAL CRISIS BROUGHT ON BY A MEDICAL CONDITION. THE COMMUNITY FOUNDATION ALSO MAKES GRANTS FROM FIELD OF INTEREST ENDOWMENTS, WHICH PROVIDE SUPPORT FOR SPECIFIED CHARITABLE PURPOSES. GRANTS ARE MADE WITH AND WITHOUT ADVICE OR RECOMMENDATIONS FROM THE DONOR OR ANY PERSON DESIGNATED BY THE DONOR.
THE COMMUNITY FOUNDATION GRANTS TO SPECIFIED PUBLIC CHARITIES AS NAMED BY DONORS OF DESIGNATED ENDOWMENTS. DESIGNATED ENDOWMENTS PROVIDE FINANCIAL SUPPORT IN PERPETUITY TO ORGANIZATIONS WHOSE MISSIONS INCLUDE THE ADVANCEMENT OF HEALTH AND HUMAN SERVICES, EDUCATION, FITNESS AND RECREATION, ARTS AND CULTURE, COMMUNITY AND CIVIC DEVELOPMENT, AND THE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Howenstine President | OfficerTrustee | 3 | $0 |
Russell Coulter-Kern Vice Preside | OfficerTrustee | 3 | $0 |
Brian Peas Treasurer | OfficerTrustee | 3 | $0 |
David Mann Secretary | OfficerTrustee | 3 | $0 |
Jim Smith Director | Trustee | 1 | $0 |
John Philippsen Director | Trustee | 1 | $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 | $10,786,395 |
| Noncash contributions included in lines 1a–1f | $5,251,331 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,786,395 |
| Total Program Service Revenue | $513,849 |
| Investment income | $2,224,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$92,679 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,444,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,305,967 |
| Grants and other assistance to domestic individuals. | $299,074 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $113,750 |
| Compensation of current officers, directors, key employees. | $31,011 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $311,647 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,833 |
| Payroll taxes | $32,877 |
| Fees for services: Management | $513,849 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $97,756 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $229,731 |
| Fees for services: Other | $0 |
| Advertising and promotion | $42,636 |
| Office expenses | $68,968 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,023 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,136 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,884 |
| Insurance | $7,890 |
| All other expenses | $0 |
| Total functional expenses | $4,226,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,520,902 |
| 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 | $36,511 |
| Net Land, buildings, and equipment | $754,909 |
| Investments—publicly traded securities | $63,379,591 |
| Investments—other securities | $4,200 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $356,732 |
| Total assets | $75,052,845 |
| Accounts payable and accrued expenses | $15,293 |
| Grants payable | $178,972 |
| 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 | $3,427,366 |
| Total liabilities | $3,621,631 |
| Net assets without donor restrictions | $1,402,174 |
| Net assets with donor restrictions | $70,029,040 |
| 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 | $75,052,845 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Wabash County Inc has awarded $1,979,431 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
85 HOPE INC PURPOSE: HEALTH/HUMAN SVCS | $15,100 |
ADVANTAGE HOUSING INC PURPOSE: HOMELESS PREVENTION | $25,000 |
ARC OF WABASH COUNTY INC PURPOSE: GEN SUPP / CLIENTS | $5,882 |
EDUCATION FOR CONFLICT RESOLUTION PURPOSE: EDUCATION | $17,300 |
EEL RIVER COMMUNITY CHURCH OF THE B PURPOSE: EDUCATION | $35,371 |
FISH OF WABASH INC PURPOSE: GEN OPER SUPPORT | $5,816 |