Civic Intelligence

Montgomery County Community Foundation Inc.

990 • Fiscal year 2021 • EIN 35-1836315

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 22, 2022

119 E Main StCrawfordsville, IN 47933

(765) 362-1267

Siviq Scores

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

Liabilities / Assets

24th percentile

0.05x

Higher debt load relative to assets than 24% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

58th percentile

0.45x

Higher debt load relative to revenue than 58% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

93rd percentile

68%

Higher net margin than 93% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

9th percentile

$111,384

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

56th percentile

13%

Faster asset growth than 56% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

80th percentile

50%

Faster revenue growth than 80% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$67,688,215

Up $7,944,056 (+13%) from 2020

Net Assets

Up

$64,331,071

Up $7,673,945 (+14%) from 2020

Liabilities

Up

$3,357,144

Up $270,111 (+8.7%) from 2020

Revenue

Up

$7,439,139

Up $2,483,281 (+50%) from 2020

Expenses

Down

$2,382,875

Down $65,232 (-2.7%) from 2020

Net Income

Up

$5,056,264

Up $2,548,513 (+102%) from 2020

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

2021

Assets$67,688,215
Liabilities$3,357,144
Net Assets$64,331,071

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

2021

Revenue$7,439,139
Expenses$2,382,875
Net Income$5,056,264
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 22, 2022
Return Version
2021v4.0
Gross Receipts
$12,899,707
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$51,626,761$57,334,774▲ $5,708,013
Land, Buildings, and Equipment, Net$4,939,806$6,806,347▲ $1,866,541
Savings and Temporary Cash Investments$1,906,629$1,607,594▼ $299,035
Cash and Non-Interest-Bearing Accounts$884,679$1,105,667▲ $220,988
Investments Other Securities-$200,000-
Prepaid Expenses and Deferred Charges$20,501$23,283▲ $2,782
Accounts Receivable$499$252▼ $247
Total Assets$59,744,159$67,688,215▲ $7,944,056
Other Assets Total$365,284$610,298▲ $245,014
Liabilities
Other Liabilities$3,077,552$3,351,468▲ $273,916
Accounts Payable and Accrued Expenses$9,481$5,676▼ $3,805
Total Liabilities$3,087,033$3,357,144▲ $270,111
Net Assets / Fund Balance
Net Assets With Donor Restrictions$55,867,302$63,027,678▲ $7,160,376
Net Assets Without Donor Restrictions$789,824$1,303,393▲ $513,569
Total Net Assets Fund Balance$56,657,126$64,331,071▲ $7,673,945
Total Liabilities and Net Assets / Fund Balance$59,744,159$67,688,215▲ $7,944,056

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,329$112,493$125,822
Leasehold Improvements$28,867$33,276$62,143
Other Land Buildings$483,307$1,693-
Land$6,284,190--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$55,326,592$671,274▲ $7,909,302$456,003$62,320,524
2020$49,449,055$1,357,661▲ $6,052,778$437,369$55,326,592
2019$43,296,813$353,058▲ $7,269,462$577,711$49,449,055
2018$45,146,949$1,620,972▼ $2,088,901$662,994$43,296,813
2017$40,258,361$1,480,232▲ $4,929,219$750,391$45,146,949
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kelly TaylorCEOFT$111,384$111,384

Board Members and Trustees

NameTitle
Torey RauchPresident
Anna Bravo-mooreDirector
David MaharryDirector
Deb SchavietelloDirector
Erin GobelDirector
Joyce GrimbleDirector
Keith BlaydesDirector
Peggy BurkettDirector
Phil BaneDirector
Preston BostDirector
Sheila MccormickDirector
Zach HockersmithDirector
Marta SweekSecretary
Ron DickersonTreasurer
Jim McbeeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,935,368
Program Service Revenue
$67,503
Investment Income
$5,245,770
Other Revenue
$190,498
All Other Contributions
$1,935,368
Change in Net Assets
$5,056,264

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
Real Estate Commercial1$485,000Appraised Value
Securities Publicly Traded9$81,494Ave High/low Date of Gift
Other Non Cash Contri Table1$972Market Value
Total Noncash Contributions11$567,466-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,029,468
Revenue Not Reported on Financial Statements
$409,671
Revenue Not Reported on Form 990
$2,885,342
Other Revenue Adjustments
$315,206
Total Revenue per Audited Statements
$9,914,810
Total Revenue per Form 990
$7,439,139
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,606,321
Salaries, Compensation, and Employee Benefits$488,394
Other Expenses$288,160
Total Fundraising Expense$126,398
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,273,821--$1,273,821
Grants to Domestic Individuals$332,500--$332,500
Other Salaries and Wages$98,917$126,275$61,276$286,468
Current Officers, Directors, Trustees, and Key Employees$38,461$49,098$23,825$111,384
Fees for Service Investment Mgmnt Fees-$94,465-$94,465
Other Employee Benefits$21,300$27,191$13,194$61,685
Occupancy-$42,156-$42,156
Payroll Taxes$9,964$12,720$6,173$28,857
Office Expenses$2,796$21,241$420$24,457
Fees for Services Accounting-$21,168-$21,168
Depreciation Depletion-$16,814-$16,814
Fees for Services Management-$15,058-$15,058
Travel-$4,902$7,427$12,329
Insurance-$5,675-$5,675
Advertising-$5,221-$5,221
Other Expenses-$2,254$4,651$2,254
All Other Expenses-$455-$455
Total Functional Expenses$1,777,759$478,718$126,398$2,382,875

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,382,875
Total Expenses per Audited Statements$2,240,865
Expenses per Audited Statements$2,223,388
Expenses Not Reported on Financial Statements$159,487
Other Expense Adjustments$65,022
Expenses Not Reported on Form 990$17,477
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of CrawfordsvilleCrawfordsville, INGovSteele Park$150,000
South Montgomery School CorpCrawfordsville, INGovEarly Learning$139,000
Masonic TempleCrawfordsville, IN501c3Roof$86,409
MONTGOMERY COUNTY SHERRIF'S DEPTCrawfordsville, INGovJcap for Women$81,867
Cultural FoundationCrawfordsville, IN501c3General Support$53,125
Boys and Girls ClubCrawfordsville, IN501c3General Supp/covid$47,896
Crawfordsville Main StreetCrawfordsville, IN501c3General / Wayfinding$42,450
Youth Service BureauCrawfordsville, IN501c3Programming/general$40,950
Historical SocietyCrawfordsville, IN501c3General Support$40,476
Fuzzy Bear PreschoolLadoga, IN501c3Building Improvement$34,050
Trinity Horizons IncCrawfordsville, IN501c3Van$33,500
Montgomery County United FundCrawfordsville, IN501c3General Support$31,600
Animal Welfare League of MontgomeryCrawfordsville, IN501c3Security Equipment$30,900
Rainbows & Rhymes PreschoolCrawfordsville, IN501c3Covid/sanitation$29,757
SYLVIA'S CHILDCARE ADVOCACY CENTERLebanon, IN501c3Programming$22,652
Crawfordsville District Public LibrCrawfordsville, IN501c3General Support$21,750
North Montgomery CommunityCrawfordsville, INGovHealth/holocaust Ed$21,235
Montgomery County 4hCrawfordsville, IN501c3Range Hood System$20,500
Free ClinicCrawfordsville, IN501c3General Support$16,200
Educational FoundationCrawfordsville, IN501c3Teacher Grants$15,000
Achauis RanchLadoga, IN501c3Covid Support$14,700
Hand in Hand Learning CenterCrawfordsville, IN501c3Playground Equipment$14,368
PAM'S PROMISE TRANSITIONAL HOUSINGCrawfordsville, IN501c3Furnace & Ac$11,100
Family Crisis ShelterCrawfordsville, IN501c3General Support$10,200
Crawfordsville Community School CorCrawfordsville, INGovHealth and Welfare$10,000
Historic LadogaLadoga, IN501c3General Support$8,500
First United Methodist ChurchCrawfordsville, IN501c3Montcares Work$8,000
New Beginnings Child CareCrawfordsville, IN501c3Feasibility Study$6,568
Carnegie MuseumCrawfordsville, IN501c3Storage Improvements$5,899
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$2,740,354
Agency Trust Funds$611,114
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 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
119 E MAIN ST, CRAWFORDSVILLE, IN 47933

Signing Officer

Name
Jim Mcbee
Title
Vice President
Phone
7653621267
Signed
2022-09-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Torey Rauch
Formed
1991
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
10
Volunteers
50

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, Part X

The value of the foundation's farmland has been adjusted to reflect the fair value of the property. The value of the farmland was 6,280,844 and 4,894,164 as of december 31, 2021 and 2020, respectively. 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 5,962 warren trust interest and dividends 21,778 warren trust unrealized gains 13,473 warren trust investment fees 0 agency fund revenues -340,319 farm rental expenses included in revenue 25,113 warren trust expenses -17,477 agency fund expenses 90,135 farm expenses included in revenue -25,113 total -226,448

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 2018, 2019, and 2020 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 5,962 warren trust interest and dividends 21,778 warren trust unrealized gains 13,473 warren trust investment fees 0

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

Agency fund revenues 340,319 farm rental expenses included in revenue -25,113

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

Warren trust expenses 17,477

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

Agency fund expenses 90,135 farm expenses included in revenue -25,113

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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