Civic Intelligence

Blue River Foundation Inc.

990 • Fiscal year 2020 • EIN 35-1756331

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 30, 2021

54 West Broadway Rm/Ste 1Shelbyville, IN 46176

(317) 392-7955

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.10x

Higher debt load relative to assets than 31% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

80th percentile

1.31x

Higher debt load relative to revenue than 80% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

78th percentile

20%

Higher net margin than 78% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

10th percentile

$65,674

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

54th percentile

8.4%

Faster asset growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

36th percentile

-2.6%

Faster revenue growth than 36% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Up

$46,696,737

Up $3,616,123 (+8.4%) from 2019

Net Assets

Up

$42,126,228

Up $3,232,316 (+8.3%) from 2019

Liabilities

Up

$4,570,509

Up $383,807 (+9.2%) from 2019

Revenue

Down

$3,484,478

Down $92,316 (-2.6%) from 2019

Expenses

Down

$2,776,843

Down $960,176 (-26%) from 2019

Net Income

Up

$707,635

Up $867,860 (+542%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2010: $21,652,063Liabilities 2010: $812,380Net Assets 2010: $20,839,6832010Assets 2011: $21,496,768Liabilities 2011: $888,920Net Assets 2011: $20,607,8482011Assets 2012: $25,717,172Liabilities 2012: $1,497,803Net Assets 2012: $24,219,3692012Assets 2013: $30,582,257Liabilities 2013: $2,246,891Net Assets 2013: $28,335,3662013Assets 2014: $32,852,873Liabilities 2014: $2,654,471Net Assets 2014: $30,198,4022014Assets 2015: $31,784,957Liabilities 2015: $2,617,731Net Assets 2015: $29,167,2262015Assets 2016: $35,982,386Liabilities 2016: $3,101,327Net Assets 2016: $32,881,0592016Assets 2017: $40,879,878Liabilities 2017: $3,616,177Net Assets 2017: $37,263,7012017Assets 2018: $37,250,660Liabilities 2018: $3,406,030Net Assets 2018: $33,844,6302018Assets 2019: $43,080,614Liabilities 2019: $4,186,702Net Assets 2019: $38,893,9122019Assets 2020: $46,696,737Liabilities 2020: $4,570,509Net Assets 2020: $42,126,2282020Assets 2021: $56,800,363Liabilities 2021: $5,123,820Net Assets 2021: $51,676,5432021Assets 2022: $47,834,724Liabilities 2022: $4,403,391Net Assets 2022: $43,431,3332022Assets 2023: $54,309,733Liabilities 2023: $4,797,143Net Assets 2023: $49,512,5902023Assets 2024: $62,304,997Liabilities 2024: $5,275,261Net Assets 2024: $57,029,7362024

Highlighted filing

2020

Assets$46,696,737
Liabilities$4,570,509
Net Assets$42,126,228

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $1,219,1682010Expenses 2011: $1,263,6622011Expenses 2012: $1,266,0282012Revenue 2013: $3,357,377Expenses 2013: $1,848,478Net Income 2013: $1,508,8992013Revenue 2014: $3,918,128Expenses 2014: $1,873,805Net Income 2014: $2,044,3232014Revenue 2015: $4,256,373Expenses 2015: $2,208,814Net Income 2015: $2,047,5592015Revenue 2016: $4,624,803Expenses 2016: $2,649,746Net Income 2016: $1,975,0572016Revenue 2017: $2,971,883Expenses 2017: $2,686,542Net Income 2017: $285,3412017Revenue 2018: $4,098,256Expenses 2018: $2,758,589Net Income 2018: $1,339,6672018Revenue 2019: $3,576,794Expenses 2019: $3,737,019Net Income 2019: -$160,2252019Revenue 2020: $3,484,478Expenses 2020: $2,776,843Net Income 2020: $707,6352020Revenue 2021: $8,608,715Expenses 2021: $3,807,086Net Income 2021: $4,801,6292021Revenue 2022: $4,011,694Expenses 2022: $3,720,111Net Income 2022: $291,5832022Revenue 2023: $5,733,321Expenses 2023: $4,119,542Net Income 2023: $1,613,7792023Revenue 2024: $12,136,621Expenses 2024: $5,790,878Net Income 2024: $6,345,7432024

Highlighted filing

2020

Revenue$3,484,478
Expenses$2,776,843
Net Income$707,635
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 30, 2021
Return Version
2020v4.0
Gross Receipts
$7,686,877
Mission and Program Overview

Mission

The blue river foundation will be a catalyst for igniting action that improves the quality of life in shelby county.

The blue river foundation is a community foundation organized to identify, promote, support and manage programs that will enhance the health, cultural, educational, social and civic long-term needs of the citizens of shelby county, indiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$41,333,305$44,543,639▲ $3,210,334
Savings and Temporary Cash Investments$1,313,837$1,742,864▲ $429,027
Land, Buildings, and Equipment, Net$408,281$388,719▼ $19,562
Investments Other Securities$18,053$18,838▲ $785
Prepaid Expenses and Deferred Charges$5,653$2,602▼ $3,051
Accounts Receivable$1,485$75▼ $1,410
Total Assets$43,080,614$46,696,737▲ $3,616,123
Liabilities
Other Liabilities$4,169,225$4,566,620▲ $397,395
Accounts Payable and Accrued Expenses$14,055$3,639▼ $10,416
Grants Payable$3,422$250▼ $3,172
Total Liabilities$4,186,702$4,570,509▲ $383,807
Net Assets / Fund Balance
Net Assets With Donor Restrictions$37,148,229$40,374,184▲ $3,225,955
Net Assets Without Donor Restrictions$1,745,683$1,752,044▲ $6,361
Total Net Assets Fund Balance$38,893,912$42,126,228▲ $3,232,316
Total Liabilities and Net Assets / Fund Balance$43,080,614$46,696,737▲ $3,616,123

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$374,645$315,307$689,952
Equipment$14,074$31,450$45,524

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$34,998,010$634,805▲ $2,850,899-$37,055,485
2019$29,861,609$860,739▲ $5,613,696$37,566$34,998,010
2018$32,933,071$696,116▼ $2,745,608-$29,861,609
2017$29,294,343$857,730▲ $4,377,204$112,560$32,933,071
2016$27,153,641$709,852▲ $2,886,495$173,469$29,294,343
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer JonesExecutive DiFT$65,674$65,674

Board Members and Trustees

NameTitle
Brent ThomanPresident
Beth CaseDirector
Brady ClaxtonDirector
Brent SandmanDirector
Carmen HawkDirector
Eric GlascoDirector
Jeff BeatyDirector
Shoshanna EverhartDirector
Terry SmithDirector
Lisa BridgesSecretary
Rob YeendTreasurer
Lee MarksVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,498,064
Program Service Revenue
$459,093
Investment Income
$1,457,474
Other Revenue
$69,847
All Other Contributions
$1,498,064
Change in Net Assets
$707,635

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$104,857Avg High/low Date of Gift
Total Noncash Contributions3$104,857-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,851,640
Revenue Not Reported on Financial Statements
$632,838
Revenue Not Reported on Form 990
$2,851,002
Other Revenue Adjustments
$493,020
Total Revenue per Audited Statements
$5,702,642
Total Revenue per Form 990
$3,484,478
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,676,336
Other Expenses$753,131
Salaries, Compensation, and Employee Benefits$347,376
Total Fundraising Expense$84,384
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,383,136--$1,383,136
Fees for Services Management-$459,093-$459,093
Grants to Domestic Individuals$293,200--$293,200
Other Salaries and Wages$74,571$71,104$27,747$173,422
Fees for Service Investment Mgmnt Fees-$139,818-$139,818
Current Officers, Directors, Trustees, and Key Employees$28,240$26,926$10,508$65,674
Comp Disqual Persons$21,711$20,701$8,078$50,490
Other Employee Benefits$15,433$14,715$5,742$35,890
Occupancy$17,127$9,675$3,819$30,621
Depreciation Depletion$9,768$9,314$3,635$22,717
Office Expenses$9,583$9,137$3,566$22,286
Payroll Taxes$9,417$8,979$3,504$21,900
Fees for Services Accounting-$9,563-$9,563
Insurance$2,972$2,834$1,106$6,912
Other Expenses$2,282$3,682$527$4,209
Conferences and Meetings$1,370$1,307$510$3,187
All Other Expenses$1,748-$1,395$3,143
Advertising--$1,262$1,262
Interest-$474-$474
Total Functional Expenses$1,887,791$804,668$84,384$2,776,843

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,776,843
Expenses per Audited Statements$2,470,326
Total Expenses per Audited Statements$2,470,326
Expenses Not Reported on Financial Statements$306,517
Other Expense Adjustments$166,699
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Girls IncShelbyville, IN501c3Programs/covid$117,513
Shelby County United FundShelbyville, IN501c3Operating Support$105,669
Shelby County Public LibraryShelbyville, IN501c3Operating Support$72,813
Shelby Co CouncilShelbyville, IN501c3Racino Charity Grant$65,790
Shelby Senior Services IncShelbyville, INGovCovid/operating$47,660
Early Learning Shelby CountyShelbyville, IN501c3Covid$40,000
J Kenneth Self Shelbyville Boys &Shelbyville, IN501c3Facilities/covid$37,380
St Vincent De Paul Society of ShelShelbyville, IN501c3Covid$32,320
Cancer Association of Shelby CountyShelbyville, IN501c3Covid$30,320
Mhp FoundationShelbyville, IN501c3Operating Support$29,799
Shelby Co PlayersShelbyville, IN501c3Building/covid$29,773
Marietta Vol Fire DepartmentShelbyville, IN501c3Operating Support$29,089
Isu FoundationTerre Haute, IN501c3Operating Support$26,089
Jane Pauley Community Health CenterShelbyville, IN501c3Operating Support$26,089
Mt Gilead Baptist ChurchShelbyville, IN501c3Operating Support$26,089
Order of the Eastern Star 73Manilla, IN501c3Operating Support$26,089
Shelby Co Masonic Lodge 28Shelbyville, IN501c3Operating Support$26,089
Morristown United Methodist ChurchMorristown, IN501c3Operating Support$26,000
Shares IncShelbyville, IN501c3Projects/covid$23,455
Morristown Boys & Girls ClubMorristown, IN501c3Programs/operations$15,390
Division of Overseas MinistriesIndianapolis, IN501c3Food Program$15,000
Grover Center Museum & HistoricalShelbyville, IN501c3Covid$14,410
The Salvation ArmyShelbyville, IN501c3Operating Support$14,350
Blue River Career ProgramsShelbyville, IN501c3Program Support$11,760
Shelby Co Ag Promotion CommitteeShelbyville, IN501c3Ag Dinner$11,000
The Strand Theatre of ShelbyvilleShelbyville, INGovCovid/new Screen$10,500
Dollywood FoundationPigeon Forge, TN501c3Book Program$10,207
Geist Christian ChurchIndianapolis, IN501c3Operating Support$10,000
Mount Pisgah Baptist ChurchShelbyville, IN501c3Youth Center/covid$10,000
Shelby Co Development CorpShelbyville, IN501c3Cares Act Assist.$10,000
Shelbyville Central SchoolsShelbyville, IN501c3Programs$9,250
The Arc of Shelby CoShelbyville, IN501c3Covid$9,045
Mainstreet Shelbyville IncShelbyville, IN501c3Covid$8,920
Turning PointColumbus, IN-Covid$8,789
City of ShelbyvilleShelbyville, INGovCommunity Grants$8,033
Major Health PartnersShelbyville, IN501c3Operating Support$7,977
Inlow Imaging CenterShelbyville, IN501c3Continuing Education$7,920
Fop Lodge 84Shelbyville, IN501c3Operating Support$7,820
Human Services IncShelbyville, IN501c3Food Pantry$7,500
First Baptist ChurchShelbyville, IN501c3Food Pantry/oper$7,310
Hancock Hope House IncGreenfield, IN501c3Covid$7,000
Triton ElementaryFairland, IN501c3Covid$6,154
Shelby Co Chamber of CommerceShelbyville, IN501c3Leadership Shelby Co$6,060
Shelbyville Parks and RecreationShelbyville, IN501c3Project Assistance$6,000
Hospice of Shelbydecatur CountyGreensburg, IN501c3Operating Support$5,330
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Funds$4,495,051
Short Term Ppp Loan$70,600
Deposits$969
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The executive committee will review form 990 before it is filed and will make a recommendation for approval (or disapproval) to the full board of directors. The form 990 will be made available for full review by any board member at any time for a reasonable period of time before it is filed.

Form 990, Page 6, Part VI, Line 12C

Officers, directors and key employees are asked to keep their conflict of interest disclosures current and are reminded periodically to disclose any conflicts before voting on certain matters. Those who report conflicts abstain from discussion and voting on the matter for which the officer, director or key employee has a conflict.

Form 990, Page 6, Part VI, Line 15A

Information is reviewed from council on foundations salary and benefits survey results, and the salaries of individuals holding similar positions in the community are also considered.

Form 990, Page 6, Part VI, Line 19

Blue river foundation, inc. Makes its governing documents, conflict of interest policy and financial statements available to the public immediately upon request through the foundation's office. Also, the foundation provides financial information available in its annual report which is widely distributed to the community through mailings and on its website. The foundation's form 990 is available online at www.guidestar.org. Form 990, as well as the complete audit, is also immediately available upon request through the foundation's office.

Filing and Contact Details

Filer

Filer Name
Blue River Foundation Inc
EIN
35-1756331
Phone
3173927955
Address
54 WEST BROADWAY RM/STE 1, SHELBYVILLE, IN 46176

Signing Officer

Name
Brent Thoman
Title
President
Phone
3173927955
Signed
2021-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brent Thoman
Formed
1988
Legal Domicile
In
Voting Board Members
12
Independent Board Members
12
Employees
6

Preparer

Firm
Estep Burkey Simmons LLC
Address
PO BOX 42, MUNCIE, IN 47308-0042
Preparer
Thomas a Roberts
Phone
7652847554
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The blue river foundation is a community foundation organized to identify, promote, support and manage programs that will enhance the health, cultural, educational, social and civic long-term needs of the citizens of shelby county, indiana.

Form 990, Page 2, Part III, Line 4D

All other miscellaneous programming and community projects of the foundation.

Form 990, Part XI, Line 9

Agency income -493,020 agency expenses 166,699 total -326,321

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely- than-not test, no tax benefit will be recorded. The foundation has examined this issue and has determined there are no material contingent tax liabilities. The foundation's federal and state exempt organization tax returns for 2017, 2018, and 2019 are subject to examination by the internal revenue service and the indiana department of revenue. Returns are generally subject to examination for three years after they are filed.

Schedule D, Page 4, Part XI, Line 4B

AGENCY INCOME 493,020

Schedule D, Page 4, Part XII, Line 4B

AGENCY EXPENSES 166,699

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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
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IRS990/MissionDesc0THE BLUE RIVER FOUNDATION IS A COMMUNITY FOUNDATION ORGANIZED TO IDENTIFY, PROMOTE, SUPPORT AND MANAGE PROGRAMS THAT WILL ENHANCE THE HEALTH, CULTURAL, EDUCATIONAL, SOCIAL AND CIVIC LONG-TERM NEEDS OF THE CITIZENS OF SHELBY COUNTY, INDIANA.
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0459093
IRS990/ProgSrvcAccomActy2Grp/Desc0GRANTS TO BENEFIT YOUTH IN THE COUNTY.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt0303200
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt083036
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09657759
IRS990ScheduleA/TotalSupportAmt017057969
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.3$5.28$57.0$12.1$5.79$6.35
2023Detailed filing. Detailed filing data is available for this year.$54.3$4.80$49.5$5.73$4.12$1.61
2022Detailed filing. Detailed filing data is available for this year.$47.8$4.40$43.4$4.01$3.72$0.29
2021Detailed filing. Detailed filing data is available for this year.$56.8$5.12$51.7$8.61$3.81$4.80
2020Detailed filing. Detailed filing data is available for this year.$46.7$4.57$42.1$3.48$2.78$0.71
2019Detailed filing. Detailed filing data is available for this year.$43.1$4.19$38.9$3.58$3.74$0.16
2018Detailed filing. Detailed filing data is available for this year.$37.3$3.41$33.8$4.10$2.76$1.34
2017Detailed filing. Detailed filing data is available for this year.$40.9$3.62$37.3$2.97$2.69$0.29
2016Detailed filing. Detailed filing data is available for this year.$36.0$3.10$32.9$4.62$2.65$1.98
2015Detailed filing. Detailed filing data is available for this year.$31.8$2.62$29.2$4.26$2.21$2.05
2014Detailed filing. Detailed filing data is available for this year.$32.9$2.65$30.2$3.92$1.87$2.04
2013Detailed filing. Detailed filing data is available for this year.$30.6$2.25$28.3$3.36$1.85$1.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.7$1.50$24.2$1.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.5$0.89$20.6$1.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.7$0.81$20.8$1.22