Civic Intelligence

Harrison County Community Foundation Inc.

990 • Fiscal year 2015 • EIN 35-1986569

Jan 01, 2015 to Dec 31, 2015 • Filed on May 16, 2016

PO Box 279Corydon, IN 47112

(812) 738-6668

Siviq Scores

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

Liabilities / Assets

39th percentile

0.14x

Higher debt load relative to assets than 39% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

75th percentile

0.78x

Higher debt load relative to revenue than 75% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

92nd percentile

54%

Higher net margin than 92% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

32nd percentile

$125,913

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

50th percentile

1.1%

Faster asset growth than 50% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

11th percentile

-26%

Faster revenue growth than 11% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$18,845,417

Up $213,440 (+1.1%) from 2014

Net Assets

Down

$16,197,939

Down $2,434,038 (-13%) from 2014

Liabilities

Up

$2,647,478

Up $2,647,478 from 2014

Revenue

Down

$3,413,410

Down $1,188,196 (-26%) from 2014

Expenses

Up

$1,570,172

Up $191,683 (+14%) from 2014

Net Income

Down

$1,843,238

Down $1,379,879 (-43%) from 2014

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2012: $11,693,851Liabilities 2012: $0Net Assets 2012: $11,693,8512012Assets 2013: $15,466,643Liabilities 2013: $0Net Assets 2013: $15,466,6432013Assets 2014: $18,631,977Liabilities 2014: $0Net Assets 2014: $18,631,9772014Assets 2015: $18,845,417Liabilities 2015: $2,647,478Net Assets 2015: $16,197,9392015Assets 2016: $21,131,529Liabilities 2016: $3,064,063Net Assets 2016: $18,067,4662016Assets 2017: $24,592,160Liabilities 2017: $2,872,923Net Assets 2017: $21,719,2372017Assets 2018: $23,911,382Liabilities 2018: $3,188,642Net Assets 2018: $20,722,7402018Assets 2019: $27,927,487Liabilities 2019: $3,117,621Net Assets 2019: $24,809,8662019Assets 2020: $33,260,512Liabilities 2020: $3,406,708Net Assets 2020: $29,853,8042020Assets 2021: $40,794,959Liabilities 2021: $3,874,308Net Assets 2021: $36,920,6512021Assets 2022: $35,653,546Liabilities 2022: $3,439,969Net Assets 2022: $32,213,5772022Assets 2023: $40,691,278Liabilities 2023: $3,146,587Net Assets 2023: $37,544,6912023Assets 2024: $49,010,725Liabilities 2024: $3,259,069Net Assets 2024: $45,751,6562024

Highlighted filing

2015

Assets$18,845,417
Liabilities$2,647,478
Net Assets$16,197,939

Operations Trend

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

$15M$10M$5.0M$0Expenses 2012: $2,338,9812012Revenue 2013: $4,345,244Expenses 2013: $1,371,669Net Income 2013: $2,973,5752013Revenue 2014: $4,601,606Expenses 2014: $1,378,489Net Income 2014: $3,223,1172014Revenue 2015: $3,413,410Expenses 2015: $1,570,172Net Income 2015: $1,843,2382015Revenue 2016: $2,860,714Expenses 2016: $1,606,316Net Income 2016: $1,254,3982016Revenue 2017: $3,895,310Expenses 2017: $1,881,600Net Income 2017: $2,013,7102017Revenue 2018: $3,949,293Expenses 2018: $1,821,088Net Income 2018: $2,128,2052018Revenue 2019: $4,038,461Expenses 2019: $2,030,124Net Income 2019: $2,008,3372019Revenue 2020: $5,025,345Expenses 2020: $1,664,061Net Income 2020: $3,361,2842020Revenue 2021: $5,242,460Expenses 2021: $1,901,503Net Income 2021: $3,340,9572021Revenue 2022: $3,733,929Expenses 2022: $2,245,783Net Income 2022: $1,488,1462022Revenue 2023: $4,044,067Expenses 2023: $2,669,609Net Income 2023: $1,374,4582023Revenue 2024: $10,576,959Expenses 2024: $3,335,726Net Income 2024: $7,241,2332024

Highlighted filing

2015

Revenue$3,413,410
Expenses$1,570,172
Net Income$1,843,238
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 16, 2016
Return Version
2015v2.1
Gross Receipts
$3,614,141
Mission and Program Overview

Mission

To receive donations and to distribute income from endowment funds for the philanthropic purposes of harrison county.

To provide support to harrison county non-profit agencies through grants to address the needs of the community. To provide scholarship support to harrison county graduating seniors. To build and grow community endowed funds that will provide resources in perpetuity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$17,245,347$17,523,475▲ $278,128
Cash and Non-Interest-Bearing Accounts$1,349,454$1,299,991▼ $49,463
Land, Buildings, and Equipment, Net$31,443$21,951▼ $9,492
Total Assets$18,631,977$18,845,417▲ $213,440
Other Assets Total$5,733$0▼ $5,733
Liabilities
Escrow Account Liability-$1,468,051-
Other Liabilities$0$852,182▲ $852,182
Grants Payable-$310,388-
Accounts Payable and Accrued Expenses-$16,857-
Total Liabilities$0$2,647,478▲ $2,647,478
Net Assets / Fund Balance
Unrestricted Net Assets$18,318,114$16,197,939▼ $2,120,175
Temporarily Rstr Net Assets$313,863$0▼ $313,863
Total Net Assets Fund Balance$18,631,977$16,197,939▼ $2,434,038
Total Liabilities and Net Assets / Fund Balance$18,631,977$18,845,417▲ $213,440

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,951$102,305$124,256

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$14,805,415$1,643,962▼ $155,918$58,013$15,330,915
2014$13,437,393$1,167,722▲ $771,360$38,917$14,805,415
2013$11,142,644$1,166,579▲ $1,686,580$40,206$13,437,393
2012$9,751,952$631,770▲ $1,155,434-$11,142,644
2011$10,010,106$278,608▼ $370,286$64,694$9,488,898
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve a GillilandCEOFT$117,547$8,366$125,913

Board Members and Trustees

NameTitle
Chad CoffmanChair
Kevin BurchVice Chair
Barbara MiddletonDirector
Brett HuettDirector
Brett StilwellDirECTOR
Jeremy KirkhamDirector
Joe ShiremanDirector
Leanne CunninghamDirector
Martha BeckortDirector
Phyllis KrushDirector
Scott EstesDirector
Sharon UhlDiRECTOR
Shirley RaymondDirector
Susan PiersonDirector
Cheryl FisherSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,777,071
Program Service Revenue
$707,325
Investment Income
$929,014
Other Revenue
$0
All Other Contributions
$1,234,571
Change in Net Assets
$1,843,238
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$778,218
Salaries, Compensation, and Employee Benefits$443,659
Other Expenses$348,295
Total Fundraising Expense$102,229
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$471,851--$471,851
Grants to Domestic Individuals$306,367--$306,367
Other Salaries and Wages$123,727$118,875-$242,602
Current Officers, Directors, Trustees, and Key Employees$64,216$61,698-$125,914
Advertising--$83,040$83,040
Fees for Service Investment Mgmnt Fees$72,259--$72,259
Fees for Services Other$38,088$21,008$2,304$61,400
Other Employee Benefits$17,286$16,608-$33,894
Payroll Taxes$14,676$14,101-$28,777
Occupancy$14,125$11,459$1,347$26,931
Insurance$10,802$9,269$707$20,778
Fees for Services Accounting$7,928$3,964$7,928$19,820
Fees for Services Legal$5,530$2,765$5,530$13,825
Pension Plan Contributions$6,361$6,111-$12,472
Office Expenses$5,369$4,354$512$10,235
Depreciation Depletion$4,746$4,271$475$9,492
Other Expenses$3,709$5,562-$9,271
Conferences and Meetings$2,848$2,510$144$5,502
Travel$2,537$2,058$242$4,837
Total Functional Expenses$1,176,787$291,156$102,229$1,570,172
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dollywood FoundationPigeon Forge, TN-To Further the Exempt Purpose of the Organization$55,495
Harrison County Community ServicesCorydon, IN-to further the exempt purpose of the organization$30,772
Junior Achievement of Kentuckiana IncLouisville, KY-To Further the Exempt Purpose of the Organization$28,159
Joe Rhoads Senior Citizens Center IncCorydon, IN-To Further the Exempt Purpose of the Organization$23,816
Lanesville Community School CorporationLanesville, IN-To Further the Exempt Purpose of the Organization$20,065
South Harrison Community School Corpcorydon, IN-To Further the Exempt Purpose of the Organization$17,513
Leadership Harrison County IncCorydon, IN-To Further the Exempt Purpose of the Organization$17,500
YMCA of Harrison County IncCorydon, IN-To Further the Exempt Purpose of the Organization$12,400
St John's Lutheran ChurchLanesville, IN-To Further the Exempt Purpose of the Organization$11,164
American Cancer Society - Relay for LifeEvansville, IN-To Further the Exempt Purpose of the Organization$10,429
The DePaul School IncLousiville, KY-To Further the Exempt Purpose of the Organization$10,375
Corydon Capital Preservation AllianceCorydon, IN-To Further the Exempt Purpose of the Organization$10,000
Town of ElizabethElizabeth, IN-To Further the Exempt Purpose of the Organization$10,000
Town of CorydonCorydon, IN-To Further the Exempt Purpose of the Organization$9,800
Corydon Presbyterian ChurchCorydon, IN-To Further the Exempt Purpose of the Organization$8,200
Region 10 Workforce BoardNew Albany, IN-To Further the Exempt Purpose of the Organization$7,500
Lanesville Youth Baseball and Sofball LeagueLanesville, IN-To Further the Exempt Purpose of the Organization$6,000
North Harrison Community School CorporationRamsey, IN-To Further the Exempt Purpose of the Organization$5,612
New Albany Deanery Catholic Youth MinisteriesMount Saint Francis, IN-To Further the Exempt Purpose of the Organization$5,000
The Nature Conservancy in IndianaIndianapolis, IN-to further the exempt purpose of the organization$5,000
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
Charitable Gift Annuity Payable$852,182
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

Members of the audit committee are first provided a draft to review. Upon approval the final 990 version is presented to the board as a recommendation for approval by the audit committee. The 990 is then made available on the organization's website.

Form 990, Part VI, Section B, line 12C

Members are required to sign an annual conflict of interest policy acceptance as well as a disclosure and confidentiality statement. For appropriate topics or decisions, disclosures of conflicts are noted and declared at every meeting held at the foundation and recorded in the minutes.

Form 990, Part VI, Section B, line 15A

Members of the executive committee meet annually to evaluate the performance of the executive director and discuss compensation issues. Evaluation tools and benchmark salaries of regional community foundation ceo's are used in their review process.

Form 990, Part VI, Section C, line 19

The organization's form 990 is made available to the public upon request, on the organization's website, and on www.guidestar.org.

Filing and Contact Details

Filer

Filer Name
Harrison County Community
EIN
35-1986569
Phone
8127386668
Address
PO Box 279, Corydon, IN 47112

Signing Officer

Name
Steve Gilliland
Title
President
Phone
8127386668
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Gilliland
Formed
1996
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
9
Volunteers
7

Preparer

Firm
Blue & Co LLC
Address
106 Community Dr, Seymour, IN 47274
Preparer
Kandy L Wischmeier CPA
Phone
8125228416
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

SFAS 136 ADJUSTMENT -86,428. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -12,616. 481(a) Adjustment -3,155,022.

Form 990, Part XII, Line 2C

The process the board takes in the oversight of the audit and selection of an independent accountant did not change during the year.

fORM 990, PART XII, LINE 1

Changed from the modified cash method to the accrual method of accounting. See form 3115.

Financial Statement Notes

Part V, Line 4:

The funds are classified as unrestricted, and earnings may be used at the board's discretion to further the mission and purpose of the organization.

Part X, Line 2:

Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the Foundation, and has concluded that as of December 31, 2015 and 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying consolidated financial statements. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML AppendixShowing 400 of 792 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0TO PROVIDE SUPPORT TO HARRISON COUNTY NON-PROFIT AGENCIES THROUGH GRANTS TO ADDRESS THE NEEDS OF THE COMMUNITY. TO PROVIDE SCHOLARSHIP SUPPORT TO HARRISON COUNTY GRADUATING SENIORS. TO BUILD AND GROW COMMUNITY ENDOWED FUNDS THAT WILL PROVIDE RESOURCES IN PERPETUITY.
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IRS990/Desc0the harrison county community foundation enhances the community through endowment funds, grants and leadership. ENDOWMENT GRANTS PROVIDED TO NON-PROFIT ORGANIZATIONS SERVING HARRISON COUNTY, INDIANA. GRANTS paid IN 2015, TOTALed - $415,846. SCHOLARSHIPS paid TO GRADUATING SENIORS OF HARRISON COUNTY HIGH SCHOOLS, TOTALed $306,367.
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IRS990/Form990PartVIISectionAGrp/PersonNm0KEVIN BURCH
IRS990/Form990PartVIISectionAGrp/PersonNm1CHERYL FISHER
IRS990/Form990PartVIISectionAGrp/PersonNm2CHAD COFFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3Susan Pierson
IRS990/Form990PartVIISectionAGrp/PersonNm4Jeremy Kirkham
IRS990/Form990PartVIISectionAGrp/PersonNm5Brett Huett
IRS990/Form990PartVIISectionAGrp/PersonNm6Leanne Cunningham
IRS990/Form990PartVIISectionAGrp/PersonNm7SHIRLEY RAYMOND
IRS990/Form990PartVIISectionAGrp/PersonNm8SCOTT ESTES
IRS990/Form990PartVIISectionAGrp/PersonNm9PHYLLIS KRUSH
IRS990/Form990PartVIISectionAGrp/PersonNm10MARTHA BECKORT
IRS990/Form990PartVIISectionAGrp/PersonNm11JOE SHIREMAN
IRS990/Form990PartVIISectionAGrp/PersonNm12BARBARA MIDDLETON
IRS990/Form990PartVIISectionAGrp/PersonNm13Sharon Uhl
IRS990/Form990PartVIISectionAGrp/PersonNm14Brett Stilwell
IRS990/Form990PartVIISectionAGrp/PersonNm15STEVE A GILLILAND
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/MissionDesc0TO RECEIVE DONATIONS AND TO DISTRIBUTE INCOME FROM ENDOWMENT FUNDS FOR THE PHILANTHROPIC PURPOSES OF HARRISON COUNTY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0DOLLY PARTON IMAGINATION LIBRARY PROGRAM: PROVIDES AN AGE APPROPRIATE BOOK MONTHLY TO RESIDENT PRE-SCHOOL CHILDREN IN HARRISON COUNTY. THOSE REGISTERED RECEIVE A BOOK IN THE MAIL EACH MONTH UNTIL THEIR FIFTH BIRTHDAY. THIS PROGRAM IS AN EFFORT TO IMPROVE THE EDUCATIONAL OPPORTUNITIES OF CHILDREN THROUGH READING. OVER 1,600 CHILDREN WERE SERVED.
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