Civic Intelligence

Montgomery County Community Foundation Inc.

990 • Fiscal year 2016 • EIN 35-1836315

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 22, 2017

PO Box 334Crawfordsville, IN 47933

(765) 362-1267

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.05x

Higher debt load relative to assets than 23% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

78th percentile

1.15x

Higher debt load relative to revenue than 78% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

88th percentile

33%

Higher net margin than 88% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

11th percentile

$95,695

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

79th percentile

13%

Faster asset growth than 79% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

6th percentile

-44%

Faster revenue growth than 6% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Up

$43,293,983

Up $5,053,170 (+13%) from 2015

Net Assets

Up

$40,936,697

Up $4,876,739 (+14%) from 2015

Liabilities

Up

$2,357,286

Up $176,431 (+8.1%) from 2015

Revenue

Down

$2,041,467

Down $1,611,975 (-44%) from 2015

Expenses

Up

$1,372,683

Up $84,814 (+6.6%) from 2015

Net Income

Down

$668,784

Down $1,696,789 (-72%) from 2015

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: $32,479,968Liabilities 2010: $1,993,142Net Assets 2010: $30,486,8262010Assets 2011: $31,535,804Liabilities 2011: $1,908,851Net Assets 2011: $29,626,9532011Assets 2012: $34,574,826Liabilities 2012: $2,065,029Net Assets 2012: $32,509,7972012Assets 2013: $38,194,030Liabilities 2013: $2,260,763Net Assets 2013: $35,933,2672013Assets 2014: $39,094,847Liabilities 2014: $2,367,146Net Assets 2014: $36,727,7012014Assets 2015: $38,240,813Liabilities 2015: $2,180,855Net Assets 2015: $36,059,9582015Assets 2016: $43,293,983Liabilities 2016: $2,357,286Net Assets 2016: $40,936,6972016Assets 2017: $48,505,449Liabilities 2017: $2,556,167Net Assets 2017: $45,949,2822017Assets 2018: $46,797,426Liabilities 2018: $2,464,413Net Assets 2018: $44,333,0132018Assets 2019: $53,242,098Liabilities 2019: $2,837,208Net Assets 2019: $50,404,8902019Assets 2020: $59,744,159Liabilities 2020: $3,087,033Net Assets 2020: $56,657,1262020Assets 2021: $67,688,215Liabilities 2021: $3,357,144Net Assets 2021: $64,331,0712021Assets 2022: $60,560,134Liabilities 2022: $2,767,890Net Assets 2022: $57,792,2442022Assets 2023: $69,217,834Liabilities 2023: $3,142,171Net Assets 2023: $66,075,6632023Assets 2024: $70,857,582Liabilities 2024: $2,757,324Net Assets 2024: $68,100,2582024

Highlighted filing

2016

Assets$43,293,983
Liabilities$2,357,286
Net Assets$40,936,697

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $1,335,8372010Expenses 2011: $1,226,5252011Expenses 2012: $1,534,5992012Revenue 2013: $2,266,735Expenses 2013: $1,877,792Net Income 2013: $388,9432013Revenue 2014: $2,696,758Expenses 2014: $1,516,468Net Income 2014: $1,180,2902014Revenue 2015: $3,653,442Expenses 2015: $1,287,869Net Income 2015: $2,365,5732015Revenue 2016: $2,041,467Expenses 2016: $1,372,683Net Income 2016: $668,7842016Revenue 2017: $4,868,662Expenses 2017: $1,417,808Net Income 2017: $3,450,8542017Revenue 2018: $4,354,135Expenses 2018: $1,505,233Net Income 2018: $2,848,9022018Revenue 2019: $3,225,568Expenses 2019: $1,995,960Net Income 2019: $1,229,6082019Revenue 2020: $4,955,858Expenses 2020: $2,448,107Net Income 2020: $2,507,7512020Revenue 2021: $7,439,139Expenses 2021: $2,382,875Net Income 2021: $5,056,2642021Revenue 2022: $6,103,160Expenses 2022: $2,359,450Net Income 2022: $3,743,7102022Revenue 2023: $4,840,684Expenses 2023: $4,069,801Net Income 2023: $770,8832023Revenue 2024: $7,404,349Expenses 2024: $4,249,954Net Income 2024: $3,154,3952024

Highlighted filing

2016

Revenue$2,041,467
Expenses$1,372,683
Net Income$668,784
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 22, 2017
Return Version
2016v3.0
Gross Receipts
$19,428,483
Mission and Program Overview

Mission

To administer funds to provide grants to various organizations in the montgomery county community and to help foster and promote public, charitable, arts, culture, and educational activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$33,737,600$36,875,173▲ $3,137,573
Land, Buildings, and Equipment, Net$2,239,702$4,791,160▲ $2,551,458
Savings and Temporary Cash Investments$1,228,232$1,201,539▼ $26,693
Pledges and Grants Receivable$517,540--
Cash and Non-Interest-Bearing Accounts$383,629$385,539▲ $1,910
Prepaid Expenses and Deferred Charges$8,193$8,371▲ $178
Accounts Receivable$292$3,887▲ $3,595
Total Assets$38,240,813$43,293,983▲ $5,053,170
Other Assets Total$125,625$28,314▼ $97,311
Liabilities
Other Liabilities$2,117,312$2,229,170▲ $111,858
Grants Payable$56,411$103,100▲ $46,689
Accounts Payable and Accrued Expenses$7,132$25,016▲ $17,884
Total Liabilities$2,180,855$2,357,286▲ $176,431
Net Assets / Fund Balance
Unrestricted Net Assets$27,972,072$32,560,014▲ $4,587,942
Permanently Rstr Net Assets$5,091,139$5,091,708▲ $569
Temporarily Rstr Net Assets$2,996,747$3,284,975▲ $288,228
Total Net Assets Fund Balance$36,059,958$40,936,697▲ $4,876,739
Total Liabilities and Net Assets / Fund Balance$38,240,813$43,293,983▲ $5,053,170

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$16,730$78,243$94,973
Leasehold Improvements$40,230$13,908$54,138
Land$4,734,200--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$35,383,810$993,840▲ $5,263,045$593,404$40,258,361
2015$36,027,565$1,394,571▼ $749,064$445,079$35,383,810
2014$35,076,664$957,250▲ $1,259,269$200,308$36,027,565
2013$31,592,872$241,832▲ $4,452,548$479,630$35,076,664
2012$30,417,546$371,230▲ $3,500,303$64,447$31,592,872
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelly TaylorExecutive DiFT$92,739$2,956$95,695

Board Members and Trustees

NameTitle
Larry GriffithPresident
Joyce GrimbleDirector
Keith BlaydesDirector
Mike ReidyDirector
Peggy BurkettDirector
SHARON O'DELL-KEEDYDirector
Sam HildebrandDirector
Scott FellerDirector
Sheridan HadleyDirector
Tom MellishDirector
Tom UtleyDirector
Torey RauchDirector
Heather BarajasSecretary
Tony CosenzaTreasurer
Jessica BokhartVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,091,320
Program Service Revenue
$25,907
Investment Income
$792,786
Other Revenue
$131,454
All Other Contributions
$1,091,320
Change in Net Assets
$668,784

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 Traded2$41,228Avg High/low Date of Gift
Total Noncash Contributions2$41,228-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,936,289
Revenue Not Reported on Financial Statements
$105,178
Revenue Not Reported on Form 990
$4,309,311
Other Revenue Adjustments
$105,178
Total Revenue per Audited Statements
$6,245,600
Total Revenue per Form 990
$2,041,467
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$862,743
Salaries, Compensation, and Employee Benefits$355,344
Other Expenses$154,596
Total Fundraising Expense$88,215
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$613,193--$613,193
Grants to Domestic Individuals$249,550--$249,550
Other Salaries and Wages$29,264$149,880$8,380$187,524
Current Officers, Directors, Trustees, and Key Employees$9,854$49,269$39,415$98,538
Other Employee Benefits$8,797$33,993$5,882$48,672
Occupancy-$37,811-$37,811
Office Expenses-$19,204$6,809$26,013
Payroll Taxes$2,556$14,485$3,569$20,610
Travel--$12,809$12,809
Fees for Services Management-$11,110-$11,110
Fees for Services Accounting-$11,100-$11,100
Depreciation Depletion-$7,962-$7,962
Fees for Services Other-$4,946-$4,946
Advertising-$4,667-$4,667
Insurance-$2,544-$2,544
Other Expenses-$2,513$9,302$2,513
All Other Expenses-$775-$775
Fees for Services Legal-$660-$660
Total Functional Expenses$913,214$371,254$88,215$1,372,683

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,372,683
Total Expenses per Audited Statements$1,368,861
Expenses per Audited Statements$1,352,009
Expenses Not Reported on Financial Statements$20,674
Other Expense Adjustments$20,674
Expenses Not Reported on Form 990$16,852
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Crawfordsville Main StreetCrawfordsville, IN501c3General Support$61,520
Cultural FoundationCrawfordsville, IN501c3General Support$46,000
Ladoga-clark Township PublicLadoga, INGovBuilding Improvement$41,700
Montgomery County Free ClinicCrawfordsville, IN501c3New Facility$37,450
Montgomery Co Historical SocietyCrawfordsville, IN501c3General Support$33,562
Youth Service BureauCrawfordsville, IN501c3Teen Court/casa$33,517
Half Way HomeCrawfordsville, IN501c3Gen Supp/salary Asst$25,000
Crawfordsville Community School CorCrawfordsville, INGovGeneral Support$22,626
Animal Welfare League of MontgomeryCrawfordsville, IN501c3General Support$21,904
Montgomery Co Educational FoundCrawfordsville, IN501c3Teacher Grants$21,450
Abilities ServicesCrawfordsville, IN501c3Creative Abundance$20,250
Marie Canine Cancer CenterCrawfordsville, IN501c3Bras for a Cause$18,250
Crawfordsville Police DepartmentCrawfordsville, INGovK9 Training Course$17,584
Montgomery County Health DeptCrawfordsville, INGovHealth Education$15,450
Darlington Forever IncDarlington, IN501c3Consulting Fees Cdbg$15,263
Sunshine VansCrawfordsville, IN501c3Mini Vans$14,434
South Montgomery School CorpCrawfordsville, INGovHealth and Welfare$14,000
North Montgomery CommunityCrawfordsville, INGovHealth and Welfare$13,239
PAM'S PROMISE TRANSITIONAL HOUSINGCrawfordsville, IN501c3Roof/general Support$13,115
Hub MinistriesCrawfordsville, IN501c3General Support$7,750
Trinity Horizons IncCrawfordsville, IN501c3Water Heater/softner$7,735
Montgomery County Medical SocietyCrawfordsville, IN501c3Medical Expenses$7,600
Crawfordsville Adult ResourceCrawfordsville, IN501c3Promethean Board$7,420
Achauis RanchLadoga, IN501c3General Support$7,000
League of Women VotersCrawfordsville, IN501c3Printing of Focus$6,382
Montgomery County Fund for YouCrawfordsville, IN501c3General Support$6,200
Montgomery County United FundCrawfordsville, IN501c3General Support$6,200
Community ChorusWaveland, IN501c3General Support$6,000
Montgomery County Leadership AcadCrawfordsville, IN501c3Programming$6,000
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
Amounts Held in Agency Endowments$1,711,769
Agency Trust Funds$517,401
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 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 990 is reviewed and signed by the board president. In addition, the 990 is reviewed by the board.

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

Disclosure statements are kept on file. Board members are reminded at board meetings to disclose and abstain from voting on issues for which a conflict exists.

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

The board of directors approves raises for the executive director and staff by considering many factors including performance and comparable salary ranges from similar organizations. The executive director and the staff are the only paid employees.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Montgomery County Community
EIN
35-1836315
Phone
7653621267
Address
PO BOX 334, CRAWFORDSVILLE, IN 47933

Signing Officer

Name
Larry Griffith
Title
President
Phone
7653621267
Signed
2017-09-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Griffith
Formed
1991
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
10
Volunteers
45

Preparer

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

Additional Explanations

Form 990, Part X

The value of the foundation's farmland has been adjusted to reflect the market value of the property. The value of the farmland was 4,734,200 and 2,203,030 as of december 31, 2016 and 2015, respectively. The market value of the farmland as of december 31, 2015, using the same valuation method, would have been 4,669,500. The foundation will review and adjust, if needed, the value of the farmland on its books annually. The market valuation will be conducted by the farm manager employed to manage the farms. The valuation method used by the farm manager will take into consideration current farmland values in the area, soil conditions as well as the latest purdue agricultural economics report.

Form 990, Part XI, Line 9

Warren trust realized gains 7,381 warren trust interest and dividends 15,588 warren trust unrealized gains 21,241 agency fund revenues -140,382 farm rental expenses included in revenue 35,204 warren trust expenses -16,852 agency fund expenses 55,878 farm expenses included in revenue -35,204 total -57,146

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The foundation's endowment funds are intended to provide a permanent and growing endowment to benefit communities, while providing ethical philanthropic leadership for the enrichment and assistance to human services, education, revitalization, social, art, and cultural endeavors.

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 2013, 2014, and 2015 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 2D

Warren trust realized gains 7,381 warren trust interest and dividends 15,588 warren trust unrealized gains 21,241

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

Agency fund revenues 140,382 farm rental expenses included in revenue -35,204

Schedule D, Page 4, Part XII, Line 2D

Warren trust expenses 16,852

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

Agency fund expenses 55,878 farm expenses included in revenue -35,204

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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DI
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IRS990/MissionDesc0TO ADMINISTER FUNDS TO PROVIDE GRANTS TO VARIOUS ORGANIZATIONS IN THE MONTGOMERY COUNTY COMMUNITY AND TO HELP FOSTER AND PROMOTE PUBLIC, CHARITABLE, ARTS, CULTURE, AND EDUCATIONAL ACTIVITIES.
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IRS990/NoncashContributionsAmt041228
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IRS990/OtherExpensesGrp/Desc1DONOR DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
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IRS990/PrincipalOfficerNm0LARRY GRIFFITH
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0870183
IRS990/PYInvestmentIncomeAmt02071648
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IRS990/PYOtherRevenueAmt0125207
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IRS990/PYRevenuesLessExpensesAmt02365573
IRS990/PYSalariesCompEmpBnftPaidAmt0281323
IRS990/PYTotalExpensesAmt01287869
IRS990/PYTotalRevenueAmt03653442
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
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IRS990/RentalIncomeOrLossGrp/RealAmt0131454
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt01201539
IRS990ScheduleA/CommunityTrustInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01112037
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0920961
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0975022
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01191131
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01605422
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0917759
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt025907
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IRS990ScheduleA/PublicSupportPY170Pct00.36400
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0975022
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05536281
IRS990ScheduleA/TotalSupportAmt011723127
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0993840
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt040258361
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IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt05263045
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0593404
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01394571
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0844183
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-749064
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0445079
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt035076664
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0957250
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt036027565

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$70.9$2.76$68.1$7.40$4.25$3.15
2023Detailed filing. Detailed filing data is available for this year.$69.2$3.14$66.1$4.84$4.07$0.77
2022Detailed filing. Detailed filing data is available for this year.$60.6$2.77$57.8$6.10$2.36$3.74
2021Detailed filing. Detailed filing data is available for this year.$67.7$3.36$64.3$7.44$2.38$5.06
2020Detailed filing. Detailed filing data is available for this year.$59.7$3.09$56.7$4.96$2.45$2.51
2019Detailed filing. Detailed filing data is available for this year.$53.2$2.84$50.4$3.23$2.00$1.23
2018Detailed filing. Detailed filing data is available for this year.$46.8$2.46$44.3$4.35$1.51$2.85
2017Detailed filing. Detailed filing data is available for this year.$48.5$2.56$45.9$4.87$1.42$3.45
2016Detailed filing. Detailed filing data is available for this year.$43.3$2.36$40.9$2.04$1.37$0.67
2015Detailed filing. Detailed filing data is available for this year.$38.2$2.18$36.1$3.65$1.29$2.37
2014Detailed filing. Detailed filing data is available for this year.$39.1$2.37$36.7$2.70$1.52$1.18
2013Detailed filing. Detailed filing data is available for this year.$38.2$2.26$35.9$2.27$1.88$0.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.6$2.07$32.5$1.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.5$1.91$29.6$1.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.5$1.99$30.5$1.34