Civic Intelligence

Whitley County Community Foundation Inc.

990 • Fiscal year 2013 • EIN 35-1860518

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 23, 2014

400 N Whitley St46725

(260) 244-5224

Siviq Scores

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

Liabilities / Assets

19th percentile

0.03x

Higher debt load relative to assets than 19% of similar nonprofits.

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

Liabilities / Revenue

50th percentile

0.25x

Higher debt load relative to revenue than 50% of similar nonprofits.

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

Net Margin

82nd percentile

27%

Higher net margin than 82% of similar nonprofits.

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

Top Officer Pay

18th percentile

$58,561

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

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

Asset Growth

80th percentile

15%

Faster asset growth than 80% 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

$20,181,240

Up $2,609,543 (+15%) from 2012

Net Assets

Up

$19,613,315

Up $2,716,462 (+16%) from 2012

Liabilities

Down

$567,925

Down $106,919 (-16%) from 2012

Revenue

$2,303,357

No earlier filing loaded for comparison.

Expenses

Up

$1,681,700

Up $239,888 (+17%) from 2012

Net Income

$621,657

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.

$60M$40M$20M$0Assets 2010: $16,706,818Liabilities 2010: $664,554Net Assets 2010: $16,042,2642010Assets 2011: $16,044,604Liabilities 2011: $626,256Net Assets 2011: $15,418,3482011Assets 2012: $17,571,697Liabilities 2012: $674,844Net Assets 2012: $16,896,8532012Assets 2013: $20,181,240Liabilities 2013: $567,925Net Assets 2013: $19,613,3152013Assets 2014: $21,450,115Liabilities 2014: $972,678Net Assets 2014: $20,477,4372014Assets 2015: $21,527,735Liabilities 2015: $566,399Net Assets 2015: $20,961,3362015Assets 2016: $23,248,787Liabilities 2016: $571,628Net Assets 2016: $22,677,1592016Assets 2017: $25,347,697Liabilities 2017: $585,785Net Assets 2017: $24,761,9122017Assets 2018: $25,099,346Liabilities 2018: $608,821Net Assets 2018: $24,490,5252018Assets 2019: $29,617,195Liabilities 2019: $694,265Net Assets 2019: $28,922,9302019Assets 2020: $36,764,502Liabilities 2020: $682,545Net Assets 2020: $36,081,9572020Assets 2021: $40,059,245Liabilities 2021: $628,752Net Assets 2021: $39,430,4932021Assets 2022: $35,049,716Liabilities 2022: $659,758Net Assets 2022: $34,389,9582022Assets 2023: $38,187,145Liabilities 2023: $787,276Net Assets 2023: $37,399,8692023Assets 2024: $42,077,042Liabilities 2024: $938,835Net Assets 2024: $41,138,2072024

Highlighted filing

2013

Assets$20,181,240
Liabilities$567,925
Net Assets$19,613,315

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $1,734,2732010Expenses 2011: $1,819,4612011Expenses 2012: $1,441,8122012Revenue 2013: $2,303,357Expenses 2013: $1,681,700Net Income 2013: $621,6572013Revenue 2014: $2,039,859Expenses 2014: $1,763,782Net Income 2014: $276,0772014Revenue 2015: $3,553,328Expenses 2015: $2,021,114Net Income 2015: $1,532,2142015Revenue 2016: $2,457,044Expenses 2016: $1,932,672Net Income 2016: $524,3722016Revenue 2017: $3,554,014Expenses 2017: $3,159,784Net Income 2017: $394,2302017Revenue 2018: $4,730,075Expenses 2018: $2,940,720Net Income 2018: $1,789,3552018Revenue 2019: $3,725,042Expenses 2019: $2,577,802Net Income 2019: $1,147,2402019Revenue 2020: $7,103,371Expenses 2020: $2,841,920Net Income 2020: $4,261,4512020Revenue 2021: $4,464,023Expenses 2021: $3,130,421Net Income 2021: $1,333,6022021Revenue 2022: $4,410,402Expenses 2022: $3,871,383Net Income 2022: $539,0192022Revenue 2023: $3,192,739Expenses 2023: $4,007,084Net Income 2023: -$814,3452023Revenue 2024: $7,806,623Expenses 2024: $4,170,481Net Income 2024: $3,636,1422024

Highlighted filing

2013

Revenue$2,303,357
Expenses$1,681,700
Net Income$621,657
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 23, 2014
Return Version
2013v3.1
Gross Receipts
$5,942,338
Mission and Program Overview

Mission

It is the mission of the whitley county community foundation to champion the spirit of philanthropy and generate permanent endowments. We will assess local needs and direct funding to best meet community aspirations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,939,150$17,964,675▲ $3,025,525
Savings and Temporary Cash Investments$1,372,263$975,064▼ $397,199
Other Notes and Loans Receivable, Net$402,674$395,876▼ $6,798
Investments Other Securities$293,464$303,437▲ $9,973
Land, Buildings, and Equipment, Net$294,780$291,856▼ $2,924
Prepaid Expenses and Deferred Charges$2,436$7,177▲ $4,741
Accounts Receivable$2,302$2,718▲ $416
Total Assets$17,571,697$20,181,240▲ $2,609,543
Other Assets Total$264,628$240,437▼ $24,191
Liabilities
Other Liabilities$579,737$475,016▼ $104,721
Grants Payable$90,727$86,982▼ $3,745
Accounts Payable and Accrued Expenses$4,380$5,927▲ $1,547
Total Liabilities$674,844$567,925▼ $106,919
Net Assets / Fund Balance
Permanently Rstr Net Assets$14,091,259$14,826,001▲ $734,742
Temporarily Rstr Net Assets$1,922,095$3,530,040▲ $1,607,945
Unrestricted Net Assets$883,499$1,257,274▲ $373,775
Total Net Assets Fund Balance$16,896,853$19,613,315▲ $2,716,462
Total Liabilities and Net Assets / Fund Balance$17,571,697$20,181,240▲ $2,609,543

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$201,207$149,572$350,779
Equipment$4,649$70,254$74,903
Land$86,000-$56,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$16,449,622$615,713▲ $2,739,199$201,472$18,944,302
2012$14,752,245$125,415▲ $2,137,532$57,717$16,449,622
2011$15,170,287$700,948▼ $93,926$204,437$14,752,245
2010$14,231,810$351,794▲ $1,120,650$28,763$15,170,287
2009$12,100,999$134,332▲ $2,461,808$18,483$14,231,810
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
September McconnellExecutive DiFT$58,561$58,561

Board Members and Trustees

NameTitle
Rob MarrPresident
Aileen MeierDirector
David SmithDirector
Harold NormanDirector
John LefeverDirector
John WhiteleatherDirector
Rhonda JonesDirector
William OverdeerDirector
Laurie SteillPast Preside
Greg FahlSecretary
Clark WaterfallTreasurer
Sharlene BerkshireVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,367,710
Program Service Revenue
$244,008
Investment Income
$691,639
Other Revenue
$0
All Other Contributions
$1,367,710
Change in Net Assets
$621,657

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,269,739
Revenue Not Reported on Financial Statements
$33,618
Revenue Not Reported on Form 990
$2,103,729
Other Revenue Adjustments
$33,618
Total Revenue per Audited Statements
$4,373,468
Total Revenue per Form 990
$2,303,357
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,087,855
Other Expenses$394,327
Salaries, Compensation, and Employee Benefits$199,518
Total Fundraising Expense$120,468
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,002,140--$1,002,140
Fees for Services Management$244,019--$244,019
Other Salaries and Wages$11,533$57,666$46,133$115,332
Grants to Domestic Individuals$85,715--$85,715
Fees for Service Investment Mgmnt Fees$25,896$40,416-$66,312
Current Officers, Directors, Trustees, and Key Employees$5,856$29,281$23,424$58,561
Depreciation Depletion$1,448$7,240$5,792$14,480
Occupancy$6,780$4,324$2,473$13,577
Other Employee Benefits$1,320$6,602$5,281$13,203
Office Expenses$1,272$6,356$5,084$12,712
Payroll Taxes$1,242$6,211$4,969$12,422
Fees for Services Accounting$1,107$5,536$4,429$11,072
Insurance$406$2,029$1,623$4,058
Other Expenses$304$1,521$1,217$3,042
Conferences and Meetings$118$590$472$1,180
Total Functional Expenses$1,392,909$168,323$120,468$1,681,700

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,681,700
Expenses per Audited Statements$1,657,006
Total Expenses per Audited Statements$1,657,006
Expenses Not Reported on Financial Statements$24,694
Other Expense Adjustments$24,694
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
35-6005617-501c3Operating$55,969
35-0886850-501c3Daycare Center$46,752
35-6000215-501c3Ambulance Lease$34,977
35-0868085-501c3Healthcare$28,215
35-6025795-GovScholarship$25,000
35-1854496-501c3Economic Dev Grant$21,317
35-1434252--Transportation$20,705
35-1130532-501c3Operating$20,222
35-1800881--Educational$14,940
20-5993971-501c3Youth Grant$13,444
35-6001997-501c3Operating$13,017
35-0888646-GovScholarship$11,600
35-2071824--Homeless Shelter$11,039
34-1580038-501c3Science Camp$10,665
35-2026663-GovOperating$10,498
35-0922731-501c3Business Ed Grant$9,350
35-0868101-501c3Scholarship$9,100
35-6002041-501c3Scholarship$9,000
35-0868127--Scholarship$8,925
35-6000221--Scholarship$8,600
35-2046682--Summer Camp$7,424
35-1130532-501c3Infant Health Prog$6,113
31-1100607-501c3Food Bank$6,000
35-6018940--Scholarship$5,925
35-6001202-501c4Park Enhancement$5,890
35-0227850-501c3Operating$5,450
35-1084258--Educational$5,092
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$361,668
Annuity Reserves$113,348
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 2

Bank providing insurance services bank providing insurance services employees board member paid 4,054 for insurance.

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

The executive committee reviews the form 990.

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

Whenever actions or votes are taken, the board is required to declare a conflict of interest. It is noted in the minutes.

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

The board had comparative salary tables from indiana grantmakers alliance and council on foundations. They looked at similar jobs and wages for foundations our size. The executive director has a written review by the board and the executive committee goes over it with her or him. The staff has a written review with the executive director.

Form 990, Page 6, Part VI, Line 19

Whitley county community 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. Additionally, financial information is made available in its annual report which is widely distributed to the public via mailings and other means of disbursement, as well as the foundation's website. The foundation's form 990 is available online at www.guidestar.org. A link to the website is on the foundation's website. Form 990 can also be made available upon request through the foundation's office.

Filing and Contact Details

Filer

EIN
35-1860518
Phone
2602445224

Signing Officer

Name
September Mcconnell
Title
Executive Director
Phone
2602445224
Signed
2014-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
September Mcconnell
Formed
1991
Legal Domicile
In
Voting Board Members
11
Independent Board Members
11
Employees
6
Volunteers
50

Preparer

Preparer
Patrick W Burkey
Phone
7652847554
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in value of split interest agreements 103,487 agency fund revenue -33,618 agency fund expenses 24,694

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The community foundation's endowment funds are intended to award grants to charitable, educational or scientific projects and purposes. Permanent endowment funds are intended to award charitable grants in perpetuity.

Schedule D, Page 3, Part X

The foundation follows the income tax topic of the fasb asc. The foundation now 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 foundations federal and state exempt organization tax returns for 2010, 2011, and 2012 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 split interest agreements 103,487

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

Agency fund revenue 33,618

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

Agency fund expenses 24,694

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IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
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IRS990/MissionDesc0IT IS THE MISSION OF THE WHITLEY COUNTY COMMUNITY FOUNDATION TO CHAMPION THE SPIRIT OF PHILANTHROPY AND GENERATE PERMANENT ENDOWMENTS. WE WILL ASSESS LOCAL NEEDS AND DIRECT FUNDING TO BEST MEET COMMUNITY ASPIRATIONS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0GRANTS: THE WHITLEY COUNTY COMMUNITY FOUNDATION'S UNRESTRICTED ENDOWMENT FUNDS RESPOND TO THE EVER-CHANGING ISSUES FACING WHITLEY COUNTY. TWICE A YEAR, THE FOUNDATION'S VOLUNTEER GRANTS COMMITTEE REVIEWS APPLICATIONS AND MAKES FUNDING RECOMMENDATIONS TO THE BOARD OF DIRECTORS. GRANTS ARE MADE POSSIBLE BY DONORS WHO HAVE INSTRUCTED THE FOUNDATION TO DIRECT THEIR GIFTS WHERE EVER THE NEED IS THE GREATEST. THE COMMUNITY FOUNDATION DIRECTS GRANTS TO CHARITABLE PROJECTS THAT WILL MAKE A POSITIVE IMPACT ON WHITLEY COUNTY AND ITS PEOPLE, WITH PARTICULAR INTEREST IN PROJECTS THAT SHED NEW LIGHT ON LOCAL NEEDS AND PROVIDE INNOVATIVE, LONG-TERM SOLUTIONS. CATEGORIES OF SUPPORT INCLUDE: ARTS & CULTURE, HEALTH, CIVIC AFFAIRS, RECREATION, COMMUNITY DEVELOPMENT, WELFARE, AND EDUCATION.
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IRS990/ProgSrvcAccomActy3Grp/Desc0CONVENING COMMUNITY LEADERS: THE WHITLEY COUNTY COMMUNITY FOUNDATION WILL BE THE CATALYST FOR CHANGE IN THE COMMUNITY. WHENEVER NEEDS ARISE, THE FOUNDATION ACTS AS THE CONVENER TO THE INTERESTED PARTIES TO HELP FACILITATE CHANGE. SINCE THE FOUNDATION IS NOT POLITICAL, IT CAN STAY NEUTRAL IN MANY SITUATIONS.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.1$0.94$41.1$7.81$4.17$3.64
2023Detailed filing. Detailed filing data is available for this year.$38.2$0.79$37.4$3.19$4.01$0.81
2022Detailed filing. Detailed filing data is available for this year.$35.0$0.66$34.4$4.41$3.87$0.54
2021Detailed filing. Detailed filing data is available for this year.$40.1$0.63$39.4$4.46$3.13$1.33
2020Detailed filing. Detailed filing data is available for this year.$36.8$0.68$36.1$7.10$2.84$4.26
2019Detailed filing. Detailed filing data is available for this year.$29.6$0.69$28.9$3.73$2.58$1.15
2018Detailed filing. Detailed filing data is available for this year.$25.1$0.61$24.5$4.73$2.94$1.79
2017Detailed filing. Detailed filing data is available for this year.$25.3$0.59$24.8$3.55$3.16$0.39
2016Detailed filing. Detailed filing data is available for this year.$23.2$0.57$22.7$2.46$1.93$0.52
2015Detailed filing. Detailed filing data is available for this year.$21.5$0.57$21.0$3.55$2.02$1.53
2014Detailed filing. Detailed filing data is available for this year.$21.5$0.97$20.5$2.04$1.76$0.28
2013Detailed filing. Detailed filing data is available for this year.$20.2$0.57$19.6$2.30$1.68$0.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.6$0.67$16.9$1.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.0$0.63$15.4$1.82
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$0.66$16.0$1.73