Civic Intelligence

Jasper Newton Foundation Inc. Jasper Foundation Inc.

990 • Fiscal year 2022 • EIN 35-1842404

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 06, 2023

PO Box 295Rensselaer, IN 47978

(219) 866-5899

Siviq Scores

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

Liabilities / Assets

27th percentile

0.04x

Higher debt load relative to assets than 27% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

63rd percentile

0.38x

Higher debt load relative to revenue than 63% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

78th percentile

28%

Higher net margin than 78% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

19th percentile

$82,750

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

16th percentile

-12%

Faster asset growth than 16% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-51%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$24,490,528

Down $3,309,198 (-12%) from 2021

Net Assets

Down

$23,516,333

Down $3,269,160 (-12%) from 2021

Liabilities

Down

$974,195

Down $40,038 (-3.9%) from 2021

Revenue

Down

$2,553,897

Down $2,648,755 (-51%) from 2021

Expenses

Down

$1,840,283

Down $248,015 (-12%) from 2021

Net Income

Down

$713,614

Down $2,400,740 (-77%) from 2021

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

2022

Assets$24,490,528
Liabilities$974,195
Net Assets$23,516,333

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

2022

Revenue$2,553,897
Expenses$1,840,283
Net Income$713,614
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 6, 2023
Return Version
2022v5.0
Gross Receipts
$8,150,044
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$22,577,773$20,585,063▼ $1,992,710
Savings and Temporary Cash Investments$4,441,648$3,302,484▼ $1,139,164
Land, Buildings, and Equipment, Net$341,651$367,808▲ $26,157
Cash and Non-Interest-Bearing Accounts$144,299$72,993▼ $71,306
Pledges and Grants Receivable$125,350$950▼ $124,400
Total Assets$27,803,961$24,490,528▼ $3,313,433
Other Assets Total$173,240$161,230▼ $12,010
Liabilities
Other Liabilities$974,571$912,942▼ $61,629
Grants Payable$34,889$55,896▲ $21,007
Accounts Payable and Accrued Expenses$9,008$5,357▼ $3,651
Total Liabilities$1,018,468$974,195▼ $44,273
Net Assets / Fund Balance
Net Assets With Donor Restrictions$23,814,048$20,821,409▼ $2,992,639
Net Assets Without Donor Restrictions$2,971,445$2,694,924▼ $276,521
Total Net Assets Fund Balance$26,785,493$23,516,333▼ $3,269,160
Total Liabilities and Net Assets / Fund Balance$27,803,961$24,490,528▼ $3,313,433

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$335,298$219,538$554,836
Equipment$32,510$24,931$57,441

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$25,039,602$576,200▼ $2,748,917-$21,147,390
2021$23,136,010$1,104,363▲ $1,976,735-$25,039,602
2020$22,096,807$714,444▲ $1,740,058-$23,136,010
2019$18,731,934$2,459,940▲ $2,444,935-$22,096,807
2018$18,546,667$1,250,191▼ $584,796-$18,731,934
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brienne HookerExecutive DiFT$82,750$82,750

Board Members and Trustees

NameTitle
Patty StringfellowChair
Candace ArmstrongVice Chair
Bethany BusboomDirector
Lana ZimmerDirector
Dave SchrumCorp Treasur
Sara DeyoungSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,160,040
Program Service Revenue
$4,537
Investment Income
$1,372,701
Other Revenue
$16,619
All Other Contributions
$1,160,040
Change in Net Assets
$713,614

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$100,123Ave High/low Date of Gift
Total Noncash Contributions1$100,123-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,550,122
Revenue Not Reported on Financial Statements
$3,775
Revenue Not Reported on Form 990
$-4,043,100
Other Revenue Adjustments
$-39,821
Total Revenue per Audited Statements
$-1,492,978
Total Revenue per Form 990
$2,553,897
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,342,776
Other Expenses$300,183
Salaries, Compensation, and Employee Benefits$197,324
Total Fundraising Expense$72,176
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$951,613--$951,613
Grants to Domestic Individuals$391,163--$391,163
Fees for Services Legal-$113,171-$113,171
Other Salaries and Wages$37,929$40,854$17,829$96,612
Current Officers, Directors, Trustees, and Key Employees$32,487$34,992$15,271$82,750
Fees for Service Investment Mgmnt Fees$43,596--$43,596
Advertising--$34,276$34,276
Information Technology$3,000$16,217-$19,217
Depreciation Depletion-$18,165-$18,165
Occupancy-$13,944-$13,944
Payroll Taxes$5,387$5,802$2,532$13,721
Travel-$8,789$2,268$11,057
Insurance-$5,934-$5,934
Office Expenses-$5,727-$5,727
Fees for Services Accounting-$4,694-$4,694
Fees for Services Management-$4,534-$4,534
Other Employee Benefits-$4,241-$4,241
Other Expenses$14,103$1,712-$1,712
Total Functional Expenses$1,479,278$288,829$72,176$1,840,283

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,840,283
Expenses per Audited Statements$1,776,182
Total Expenses per Audited Statements$1,776,182
Expenses Not Reported on Financial Statements$64,101
Other Expense Adjustments$20,505
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of Rensselaer PpfRensselaer, INGovCommunity$138,817
Right Steps Child DevelopmentLafayette, IN501c3Educational$113,293
Tri County Junior Senior HighWolcott, INGovEducational$69,385
Rensselaer Baseball IncRensselaer, IN501c3Community$62,848
United Way Northwest IndianaValparaiso, IN501c3Community Outreach$62,500
South Newton School CorpKentland, INGovEducational$31,112
Rensselaer Central High SchoolRensselaer, INGovEducational$25,000
Trinity United Methodist ChurchRensselaer, IN501c3Community$24,435
Growing Patch Learning CenterRemington, IN501c3Educational$20,000
Jasper County Fair BoardRensselaer, IN501c4Community$18,836
Shriners Hospitals for ChildrenChicago, IL501c3Community$18,836
Kankee Valley High SchoolWheatfield, INGovEducational$16,024
Newton County 4-h CouncilMorrocco, IN501c4Community$15,000
Jeff Yalden CorpJacksonville, FL501c3Education$13,000
Indiana Teen ChallengeLebanon, IN501c3Community$12,876
White County Community FoundationMonticello, IN501c3Community Outreach$12,058
Town of KentlandKentland, INGovCommunity$11,694
FENDIG CHILDREN'S SUMMER THEATRERensselaer, IN501c3Community$11,157
Town of RemingtonBirmingham, ALGovGovernment$11,077
Remingtoncarpenter Twp PublicRemington, INGovCommunity$10,242
Start Strong Indiana IncRensselaer, IN501c3Government$9,000
Fountain Park ChautauquaRemington, IN501c3Community$6,189
Newton County Park BoardMorocco, INGovCommunity$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
Funds-held$910,010
Right of Use Net of Current$1,629
Right of Use$1,303
Governance and Compliance

Governance Checklist

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

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 governing board for review. The governing board 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 philanthropy allliance.

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

Filer Name
Jasper Newton Foundation Inc
EIN
35-1842404
Phone
2198665899
Address
PO BOX 295, RENSSELAER, IN 47978

Signing Officer

Name
Brienne Hooker
Title
Executive Director
Phone
2198665899
Signed
2023-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brienne Hooker
Formed
1991
Legal Domicile
In
Voting Board Members
6
Independent Board Members
6
Employees
7
Volunteers
45

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 XI, Line 9

Change in value of deferred gifts -23,116 agency revenue 39,821 agency expenses 20,505 total 37,210

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 2019, 2020, and 2021 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

Change in value of deferred gifts -23,116

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

AGENCY REVENUE -39,821

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

AGENCY EXPENSES 20,505

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IRS990/MissionDesc0TO 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.
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14135
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21712
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IRS990/OtherExpensesGrp/TotalAmt24135
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt017829
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IRS990/PayrollTaxesGrp/FundraisingAmt02532
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IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt04050
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04537
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04441648
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03302484
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 36,572
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01160040
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04046941
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02525541
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01287321
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011017477
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0477200
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01023236
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0288883
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0554816
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt028355
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04537
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt032035
IRS990ScheduleA/OtherIncome170Grp/TotalAmt036572
IRS990ScheduleA/PublicSupportCY170Pct00.60950
IRS990ScheduleA/PublicSupportPY170Pct00.60740
IRS990ScheduleA/PublicSupportTotal170Amt08472091
IRS990ScheduleA/SubstantialContributorsTotAmt02545386
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01160040
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04046941
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02525541
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01287321
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011017477
IRS990ScheduleA/TotalSupportAmt013899164
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.08870
IRS990ScheduleD/BuildingsGrp/BookValueAmt0335298
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0219538
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0554836
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt025039602
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0576200
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt021147390
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01676462
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2748917
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt023136010
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01104363
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt025039602
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01976735
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt022096807
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01415299
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01740058
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt018731934
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt022096807
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt01540002
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0480128
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-584796
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt081550
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt078131
IRS990ScheduleD/DonorAdvisedFundsHeldCnt032
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt032510
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024931
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt057441
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt064101
IRS990ScheduleD/ExpensesSubtotalAmt01776182
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IRS990ScheduleD/InvestmentExpensesNotIncld2Amt043596
IRS990ScheduleD/InvestmentExpensesNotIncldAmt043596
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-4019984
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0910010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11629
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21303
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS-HELD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RIGHT OF USE NET OF CURRENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2RIGHT OF USE
IRS990ScheduleD/OtherRevenueAmt0-23116
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-39821
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.79610
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt03775
IRS990ScheduleD/RevenueSubtotalAmt02550122
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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 2019, 2020, AND 2021 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN VALUE OF DEFERRED GIFTS -23,116
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2AGENCY REVENUE -39,821
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3AGENCY EXPENSES 20,505
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleD/TotalExpensesPerForm990Amt01840283
IRS990ScheduleD/TotalLiabilityAmt0912942
IRS990ScheduleD/TotalRevenuePerForm990Amt02553897
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-1492978
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IRS990ScheduleI/GrantRecordsMaintainedInd0false
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