Civic Intelligence

Jasper Newton Foundation Inc. Jasper Foundation Inc.

990 • Fiscal year 2013 • EIN 35-1842404

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 20, 2014

PO Box 29547978

(219) 866-5899

Siviq Scores

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

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

34th percentile

0.13x

Higher debt load relative to revenue than 34% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Net Margin

90th percentile

49%

Higher net margin than 90% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

16th percentile

$47,535

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Asset Growth

79th percentile

14%

Faster asset growth than 79% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$15,894,522

Up $1,936,946 (+14%) from 2012

Net Assets

Up

$15,731,618

Up $1,917,380 (+14%) from 2012

Liabilities

Up

$162,904

Up $19,566 (+14%) from 2012

Revenue

$1,264,252

No earlier filing loaded for comparison.

Expenses

Up

$647,482

Up $198,423 (+44%) from 2012

Net Income

$616,770

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2012: $13,957,576Liabilities 2012: $143,338Net Assets 2012: $13,814,2382012Assets 2013: $15,894,522Liabilities 2013: $162,904Net Assets 2013: $15,731,6182013Assets 2014: $17,232,167Liabilities 2014: $1,019,089Net Assets 2014: $16,213,0782014Assets 2015: $17,028,465Liabilities 2015: $864,413Net Assets 2015: $16,164,0522015Assets 2016: $17,584,142Liabilities 2016: $308,566Net Assets 2016: $17,275,5762016Assets 2017: $20,088,649Liabilities 2017: $347,578Net Assets 2017: $19,741,0712017Assets 2018: $19,361,532Liabilities 2018: $319,381Net Assets 2018: $19,042,1512018Assets 2019: $23,191,053Liabilities 2019: $827,103Net Assets 2019: $22,363,9502019Assets 2020: $24,034,457Liabilities 2020: $680,723Net Assets 2020: $23,353,7342020Assets 2021: $27,799,726Liabilities 2021: $1,014,233Net Assets 2021: $26,785,4932021Assets 2022: $24,490,528Liabilities 2022: $974,195Net Assets 2022: $23,516,3332022Assets 2023: $24,829,159Liabilities 2023: $361,314Net Assets 2023: $24,467,8452023Assets 2024: $28,679,010Liabilities 2024: $344,100Net Assets 2024: $28,334,9102024

Highlighted filing

2013

Assets$15,894,522
Liabilities$162,904
Net Assets$15,731,618

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $449,0592012Revenue 2013: $1,264,252Expenses 2013: $647,482Net Income 2013: $616,7702013Revenue 2014: $1,625,882Expenses 2014: $921,431Net Income 2014: $704,4512014Revenue 2015: $2,130,441Expenses 2015: $752,916Net Income 2015: $1,377,5252015Revenue 2016: $1,598,140Expenses 2016: $933,210Net Income 2016: $664,9302016Revenue 2017: $3,720,930Expenses 2017: $1,122,123Net Income 2017: $2,598,8072017Revenue 2018: $1,862,501Expenses 2018: $1,436,162Net Income 2018: $426,3392018Revenue 2019: $3,262,792Expenses 2019: $1,734,061Net Income 2019: $1,528,7312019Revenue 2020: $2,574,093Expenses 2020: $2,843,692Net Income 2020: -$269,5992020Revenue 2021: $5,202,652Expenses 2021: $2,088,298Net Income 2021: $3,114,3542021Revenue 2022: $2,553,897Expenses 2022: $1,840,283Net Income 2022: $713,6142022Revenue 2023: $1,630,702Expenses 2023: $3,224,409Net Income 2023: -$1,593,7072023Revenue 2024: $4,519,671Expenses 2024: $2,101,980Net Income 2024: $2,417,6912024

Highlighted filing

2013

Revenue$1,264,252
Expenses$647,482
Net Income$616,770
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 20, 2014
Return Version
2013v3.1
Gross Receipts
$3,332,392
Mission and Program Overview

Mission

To assist donors in creating a source of assets to meet the ongoing and changing needs and interests of the people of all of our jasper and newton county communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,949,233$13,106,032▲ $2,156,799
Savings and Temporary Cash Investments$876,270$1,137,688▲ $261,418
Pledges and Grants Receivable$1,589,068$1,115,000▼ $474,068
Land, Buildings, and Equipment, Net$236,870$227,787▼ $9,083
Cash and Non-Interest-Bearing Accounts$146,449$137,682▼ $8,767
Total Assets$13,957,576$15,894,522▲ $1,936,946
Other Assets Total$159,686$170,333▲ $10,647
Liabilities
Other Liabilities$141,732$161,493▲ $19,761
Accounts Payable and Accrued Expenses$1,606$1,411▼ $195
Total Liabilities$143,338$162,904▲ $19,566
Net Assets / Fund Balance
Permanently Rstr Net Assets$11,511,063$11,964,933▲ $453,870
Temporarily Rstr Net Assets$1,999,186$3,326,103▲ $1,326,917
Unrestricted Net Assets$303,989$440,582▲ $136,593
Total Net Assets Fund Balance$13,814,238$15,731,618▲ $1,917,380
Total Liabilities and Net Assets / Fund Balance$13,957,576$15,894,522▲ $1,936,946

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$225,015$125,220$350,235
Equipment$1,728$12,155$13,883
Other Land Buildings$1,044$116$1,160

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$12,916,856$756,081▲ $1,860,427-$14,806,926
2012$10,857,197$1,494,365▲ $1,049,626-$12,916,856
2011$10,880,220$286,393▲ $25,719-$10,857,197
2010$9,803,394$547,088▲ $988,055-$10,787,345
2009$9,258,399$366,167▲ $1,310,603-$9,803,394
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kristen ZieseExecutive DiFT$47,535$47,535
Linda ReinersFormer EdFT$5,972$5,972

Board Members and Trustees

NameTitle
Dr Kathy ParkisonPresident
Ashley HoppDirector
Brian EganDirector
Calvin IllingworthDirector
Craig HookerDirector
Dr Jack DroneDirector
Gene LehmanDirector
Gina Van BarenDirector
Hubert DoughtyDirector
John TillemaDirector
Norman ChappellDirector
Patty StringfellowDirector
Ron JordanDirector
Russell CollinsDirector
Todd SammonsDirector
Dawn KearneySecretary
David SchrumTreasurer
Steve KinsellVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$690,116
Program Service Revenue
$0
Investment Income
$563,399
Other Revenue
$10,737
All Other Contributions
$653,142
Change in Net Assets
$616,770

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,238,398
Revenue Not Reported on Financial Statements
$25,854
Revenue Not Reported on Form 990
$1,324,073
Other Revenue Adjustments
$25,854
Total Revenue per Audited Statements
$2,562,471
Total Revenue per Form 990
$1,264,252
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$427,879
Other Expenses$120,435
Salaries, Compensation, and Employee Benefits$99,168
Total Fundraising Expense$40,957
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$427,879--$427,879
Current Officers, Directors, Trustees, and Key Employees$16,051$16,051$21,405$53,507
Fees for Service Investment Mgmnt Fees$38,633--$38,633
Other Salaries and Wages$18,516$18,373-$36,889
Office Expenses-$11,899$11,432$23,331
Occupancy-$13,638-$13,638
Depreciation Depletion-$10,246-$10,246
Fees for Services Accounting-$9,853-$9,853
Payroll Taxes$2,646$2,634$1,635$6,915
Information Technology-$6,195-$6,195
Advertising--$5,525$5,525
Travel-$1,826$960$2,786
Other Employee Benefits-$1,857-$1,857
Insurance-$1,379-$1,379
Other Expenses$3,557$434-$434
Conferences and Meetings-$355-$355
Total Functional Expenses$507,282$99,243$40,957$647,482

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$647,482
Total Expenses per Audited Statements$645,091
Expenses per Audited Statements$641,390
Expenses Not Reported on Financial Statements$6,092
Other Expense Adjustments$6,092
Expenses Not Reported on Form 990$3,701
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
35-6001171-GovSenior Center$30,000
31-0945569-4Fire Station Project$14,959
35-1724107-3Pampel Educ Grant$10,000
35-1067971-GovPampel Educ Grant$10,000
35-1097768-GovPampel Educ Grant$10,000
35-0155011-3Food for Food Pantry$7,200
35-1141372-GovTobias Fund Distr$5,800
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$15,435
Fundraising Gross Income$14,867
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 2$21,239-$7,289-
Event 1$27,507$13,147$4,445$8,702
Total Events$48,746$13,147$11,734$1,413
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds-held$161,493
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

If the form 990 is completed on time prior to the deadline and there is a board meeting, it will be reviewed. Otherwise, the form 990 is reviewed by the executive director and an officer of the board.

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

The conflict of interest policy is always reviewed prior to any grant making and scholarship committee meetings.

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

The executive director performs a self evaluation which is provided to the executive committee for review. The executive committee also prepares an evaluation of the executive director, discusses the evaluations with the executive director, and then makes a compensation recommendation which is approved by the full board of directors. If available, the board utilizes a state-wide compensation survey by the indiana grantmaker's alliance.

Form 990, Page 6, Part VI, Line 19

It is noted on the annual report that audited financial statements are available at our office. All other documents and policies are in our standards book that is available to the public.

Filing and Contact Details

Filer

EIN
35-1842404
Phone
2198665899

Signing Officer

Name
Kristen Ziese
Title
Executive Director
Phone
2198665899
Signed
2014-10-20

Organization Details

Principal Officer
Kristen Ziese
Formed
1991
Legal Domicile
In
Voting Board Members
17
Independent Board Members
17
Employees
7
Volunteers
6

Preparer

Preparer
Kimberley R Morisette
Phone
7654285000
Supplemental Narrative

Additional Explanations

Form 990, Part XI

See schedule d for explanation of changes in net assets

Form 990, Part XI, Line 9

Direct costs to donors included in revenue on return 3,701 fasb 136 unrealized gain on investments 16,347 fasb 136 adjustment -25,854 direct costs to donors included in revenue on return -3,701 fasb 136 adjustment 6,092

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Grants and/or distributions from the endowment funds meet the changing needs of our communities in the following areas of interest: education, arts and cultures, preservation of historic and cultural resources, human resources, health, youth and recreation, environmental.

Schedule D, Page 3, Part X

Accounting standards require entities to disclose in their financial statements the nature of any uncertainties in their tax position. Tax years including 2010 and later are subject to examination by tax authorities. Areas that irs and state tax authorities consider when examining tax returns of a charity include, but may not be limited to, tax-exempt status and the existence and amount of unrelated business income. The foundation does not believe that it has any uncertain tax positions with respect to these or other matters, and therefore has not recorded any unrecognized tax benefits or liabilities. The foundaiton is not aware of any circumstances or events that make it reasonably possible that tax benefits may increase or decrease within 12 months of the date of these financial statements.

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

Direct costs to donors included in revenue on return 3,701 fasb 136 unrealized gain on investments 16,347

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

Fasb 136 adjustment 25,854

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

Direct costs to donors included in revenue on return 3,701

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

Fasb 136 adjustment 6,092

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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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