Civic Intelligence

Whitley County Community Foundation Inc.

990 • Fiscal year 2019 • EIN 35-1860518

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 15, 2020

400 N Whitley StColumbia City, IN 46725

(260) 244-5224

Siviq Scores

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

Liabilities / Assets

17th percentile

0.02x

Higher debt load relative to assets than 17% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

38th percentile

0.19x

Higher debt load relative to revenue than 38% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

85th percentile

31%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

10th percentile

$83,121

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

82nd percentile

18%

Faster asset growth than 82% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

13th percentile

-21%

Faster revenue growth than 13% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$29,617,195

Up $4,517,849 (+18%) from 2018

Net Assets

Up

$28,922,930

Up $4,432,405 (+18%) from 2018

Liabilities

Up

$694,265

Up $85,444 (+14%) from 2018

Revenue

Down

$3,725,042

Down $1,005,033 (-21%) from 2018

Expenses

Down

$2,577,802

Down $362,918 (-12%) from 2018

Net Income

Down

$1,147,240

Down $642,115 (-36%) from 2018

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

2019

Assets$29,617,195
Liabilities$694,265
Net Assets$28,922,930

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

2019

Revenue$3,725,042
Expenses$2,577,802
Net Income$1,147,240
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 15, 2020
Return Version
2019v5.0
Gross Receipts
$12,283,342
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.

It is the mission of the community foundation of whitley county to inspire philanthropy, enrich community, and serve donors by creating an enduring source of charitable assets.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$21,238,185$25,542,180▲ $4,303,995
Savings and Temporary Cash Investments$2,550,389$2,917,267▲ $366,878
Land, Buildings, and Equipment, Net$702,468$688,882▼ $13,586
Other Notes and Loans Receivable, Net$299,195$177,417▼ $121,778
Investments Other Securities$120,766$143,835▲ $23,069
Accounts Receivable$9,759$5,123▼ $4,636
Prepaid Expenses and Deferred Charges$5,623$4,497▼ $1,126
Total Assets$25,099,346$29,617,195▲ $4,517,849
Other Assets Total$172,961$137,994▼ $34,967
Liabilities
Other Liabilities$491,556$541,001▲ $49,445
Grants Payable$116,426$151,561▲ $35,135
Accounts Payable and Accrued Expenses$839$1,703▲ $864
Total Liabilities$608,821$694,265▲ $85,444
Net Assets / Fund Balance
Net Assets With Donor Restrictions$23,947,930$28,269,682▲ $4,321,752
Net Assets Without Donor Restrictions$542,595$653,248▲ $110,653
Total Net Assets Fund Balance$24,490,525$28,922,930▲ $4,432,405
Total Liabilities and Net Assets / Fund Balance$25,099,346$29,617,195▲ $4,517,849

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$139,689$231,106$370,795
Land$543,625-$96,625
Equipment$5,568$89,150$94,718

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$23,081,240$735,565▲ $4,392,286$551,334$26,709,375
2018$23,148,252$2,064,612▼ $925,352$222,304$23,081,240
2017$21,500,083$545,076▲ $2,646,481$836,491$23,148,252
2016$20,295,877$431,475▲ $1,743,540$419,166$21,500,083
2015$19,770,838$1,357,466▲ $9,069$34,529$20,295,877
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
September McconnellExecutive DiFT$83,121$83,121

Board Members and Trustees

NameTitle
Andy MorePresident
Donald ArmstrongDirector
Dr Gary DillonDirector
George SchrumpfDirector
Gloria SmithDirector
Jacie WorrickDirector
Joe KessieDirector
Kathy HeuerDirector
Sam St ClairDirector
Tim BloomDirector
Sharlene BerkshireTreasurer
Marcia McnagnyVP/ Secretar
Revenue and Support

Revenue Composition

Contributions and Grants
$2,158,555
Program Service Revenue
$357,199
Investment Income
$1,209,288
Other Revenue
$0
All Other Contributions
$2,158,555
Change in Net Assets
$1,147,240

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 Traded3$310,288Avg High Low Date of Gift
Total Noncash Contributions3$310,288-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,569,677
Revenue Not Reported on Financial Statements
$155,365
Revenue Not Reported on Form 990
$3,334,297
Other Revenue Adjustments
$63,390
Total Revenue per Audited Statements
$6,903,974
Total Revenue per Form 990
$3,725,042
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,594,383
Other Expenses$720,243
Salaries, Compensation, and Employee Benefits$263,176
Total Fundraising Expense$104,851
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,324,243--$1,324,243
Fees for Services Management-$357,199-$357,199
Grants to Domestic Individuals$270,140--$270,140
Other Salaries and Wages$42,186$99,439$9,040$150,665
Fees for Service Investment Mgmnt Fees-$91,975-$91,975
Current Officers, Directors, Trustees, and Key Employees$23,274$54,860$4,987$83,121
Conferences and Meetings--$66,779$66,779
Office Expenses$8,166$19,250$1,749$29,165
Depreciation Depletion$5,381$12,684$1,153$19,218
Payroll Taxes$5,009$11,809$1,073$17,891
Advertising$4,762$11,226$1,020$17,008
Fees for Services Accounting$4,662$10,989$999$16,650
Occupancy$4,181$9,857$896$14,934
Other Employee Benefits$3,220$7,589$690$11,499
Other Expenses$2,608$6,147$559$9,314
Insurance$1,410$3,325$302$5,037
All Other Expenses$3,183$1,689$154$5,026
Total Functional Expenses$1,702,425$770,526$104,851$2,577,802

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,577,802
Expenses per Audited Statements$2,471,569
Total Expenses per Audited Statements$2,471,569
Expenses Not Reported on Financial Statements$106,233
Other Expense Adjustments$14,258
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Parkview Whitley HospitalColumbia City, IN501c3Health$250,000
Whitko Community SchoolsPierceton, IN501c4Educational$80,000
Whitley County Economic DevColumbia City, IN501c3Education$61,170
Whitley County Humane SocietyColumbia City, IN-Operating$58,403
Mission 25Columbia City, IN501c3Social Services$38,000
Whitley County Council on AgingColumbia City, IN501c3Recreation$35,000
South Whitley Community PublicSouth Whitley, INGovArts/culture/history$30,000
Columbia City High SchoolColumbia City, IN501c3Education$24,000
Taylor UniversityUpland, IN501c3Education$21,015
The CenterColumbia City, IN501c3Youth Development$20,500
Columbia City United Methodist ChurColumbia City, IN501c3Religion$18,100
A Hope CenterFort Wayne, IN501c3Health$10,000
Ronald Mcdonald Care MobileFort Wayne, INGovHealth$10,000
Churubusco ChildcareChurubusco, IN501c3Daycare Center$8,500
Jr Achievement of Northern inFort Wayne, IN501c3Education$8,335
Whitley County YmcaColumbia City, IN-Recreation$7,000
Passages IncColumbia City, IN501c3Social/disability$5,530
Troy CenterColumbia City, IN501c3Education$5,421
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$458,899
Annuity Reserves$82,102
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 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

Filer Name
Whitley County Community
EIN
35-1860518
Phone
2602445224
Address
400 N WHITLEY ST, COLUMBIA CITY, IN 46725

Signing Officer

Name
September Mcconnell
Title
Executive Director
Phone
2602445224
Signed
2020-10-15
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
7
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 XI, Line 9

Change in value of split interest agreements 4,506 agency fund revenue -63,390 agency fund expenses 14,258 total -44,626

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 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 2016, 2017, and 2018 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 4,506

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

Agency fund revenue 63,390

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

Agency fund expenses 14,258

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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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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