Foellinger Foundation Inc
- Assets
- $207.7m
- Revenue
- $3.1m
- Investments
- $198.1m
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 08/1960
- Data as of
- 08/2023
- EIN
- 35-6027059
Organization Overview
Foellinger Foundation Inc is located in Fort Wayne, IN. The organization was established in 1960. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foellinger 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 08/2023, Foellinger Foundation Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $10.2m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELENE FOELLINGER LEADERSHIP DEVELOPMENT INITIATIVE: THE INITIATIVE WORKS TO SUPPORT, STRENGTHEN, AND INSPIRE ALLEN COUNTY NONPROFIT LEADERS AS THEY FULFILL THEIR MISSIONS AND ADDRESS KEY COMMUNITY CHALLENGES. THE INITIATIVE IS DESIGNED TO UNLEASH THE POTENTIAL IN THESE LEADERS AND HELP THEM ACQUIRE ADAPTIVE SKILLS NEEDED IN THE FUTURE. THE FOELLINGER LEADERSHIP LAB IS ONE COMPONENT OF THE INITIATIVE AND CONSISTS OF TWO CUSTOM-TAILORED PROGRAMS FOR NONPROFIT LEADERS: THE EXECUTIVE LEADER PROGRAM IS A NINE-MONTH COURSE FOR VISIONARY EXECUTIVE DIRECTORS OF NONPROFIT ORGANIZATIONS. THE CURRICULUM FOCUSES ON AN ADAPTIVE LEADERSHIP COMPETENCY MODEL WITH AN EMPHASIS ON INNOVATION, DECISION-MAKING, UNDERSTANDING CULTURE, INFLUENCE, NEGOTIATION, EMOTIONAL INTELLIGENCE, AND ADDRESSING DIFFICULT CONVERSATIONS. THE PROGRAM ALSO INCLUDES A PERSONAL, CERTIFIED NONPROFIT EXECUTIVE COACH FOR EACH COHORT MEMBER. THE RISING LEADER PROGRAM IS A NINE-MONTH COURSE FOR INNOVATIVE, NON-EXECUTIVE DIRECTOR LE
DAVID A. BOBILYA EXCELLENCE IN NONPROFIT LEADERSHIP AWARD: THE FOUNDATION DEVELOPED THE DAVID A. BOBILYA EXCELLENCE IN NONPROFIT LEADERSHIP AWARD TO RECOGNIZE ONE CURRENT OR RECENTLY RETIRED BOARD MEMBER WHO DEMONSTRATED EXCELLENCE IN NONPROFIT LEADERSHIP. THE AWARD, ESTABLISHED IN HONOR OF FORMER FOELLINGER BOARD MEMBER AND COMMUNITY LEADER DAVID BOBILYA, RECOGNIZES THE IMPORTANCE OF NONPROFIT BOARD MEMBER CONTRIBUTIONS IN FOUR FOCUS AREAS - GOVERNANCE, LEADERSHIP, FINANCIAL SUSTAINABILITY, AND PROGRAM IMPACT. A 25,000 OPERATING GRANT IS AWARDED TO THE RECIPIENT'S NOMINATING ORGANIZATION. THE LUNCHEON EVENT AND ASSOCIATED MEDIA CAMPAIGN SHOWCASED 28 COMMUNITY LEADERS WHO WERE NOMINATED FOR THE AWARD. APPROXIMATELY 300 PEOPLE ATTENDED THE EVENT. DE'AMON HARGES, FACULTY MEMBER OF THE ASSET BASED COMMUNITY DEVELOPMENT INSTITUTE AT DEPAUL UNIVERSITY, PROVIDED THE KEYNOTE SPEECH FOCUSED ON CREATING ABUNDANCE BY ENGAGING THE GIFTS, TALENTS, AND PASSIONS OF PEOPLE IN ORGANIZATIONS TO EXPLORE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Moellering Board Chair | 5 | $24,000 | |
Sam Graves Vc & Sec | 3 | $1,450 | |
Janae Mccullough-Boyd Vc & Sec | 3 | $5,200 | |
John Meyer Treasurer | 3 | $17,800 | |
John Snyder Director | 3 | $6,600 | |
Matthew Smith Director | 3 | $18,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Limelight Analytics | 8/30/23 | $145,018 |
Daily Boss Up | 8/30/23 | $295,300 |
Community Foundation Research Community Foundation Research | 8/30/23 | $182,375 |
One Lucky Guitar | 8/30/23 | $278,025 |
Michael Kinder & Sons | 8/30/23 | $3,865,491 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,290 |
| Dividends & Interest | $1,475,731 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,759,439 |
| Capital Gain Net Income | $1,759,439 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$181,587 |
| Total Revenue | $3,064,873 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $318,271 |
| Other employee salaries and wages | $622,371 |
| Pension plans, employee benefits | $175,049 |
| Interest | $3,000 |
| Taxes | $72,482 |
| Depreciation | $206,335 |
| Occupancy | $121,694 |
| Travel, conferences, and meetings | $46,525 |
| Printing and publications | $7,460 |
| Other expenses | $239,860 |
| Total operating and administrative expenses | $3,156,386 |
| Contributions, gifts, grants paid | $7,017,385 |
| Total expenses and disbursements | $10,173,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $495,113 |
| Savings and temporary cash investments | $2,951,633 |
| Net Accounts receivable | $828 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $301,959 |
| Net Land, buildings, and equipment | $6,121,164 |
| Other assets | $0 |
| Total assets | $207,656,725 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |