Civic Intelligence

Harrison County Community Foundation Supporting Organization Inc

990 • Fiscal year 2015 • EIN 35-2100908

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

72nd percentile

0.59x

Higher debt load relative to assets than 72% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

92nd percentile

5.44x

Higher debt load relative to revenue than 92% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Net Margin

90th percentile

40%

Higher net margin than 90% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

4th percentile

$125,913

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Asset Growth

36th percentile

-0.7%

Faster asset growth than 36% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

20th percentile

-8.2%

Faster revenue growth than 20% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Assets

Down

$139,450,326

Down $915,204 (-0.7%) from 2014

Net Assets

Down

$57,500,468

Down $82,865,062 (-59%) from 2014

Liabilities

Up

$81,949,858

Up $81,949,858 from 2014

Revenue

Down

$15,072,451

Down $1,341,596 (-8.2%) from 2014

Expenses

Up

$9,113,903

Up $3,138,324 (+53%) from 2014

Net Income

Down

$5,958,548

Down $4,479,920 (-43%) from 2014

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2012: $110,004,808Liabilities 2012: $0Net Assets 2012: $110,004,8082012Assets 2013: $129,963,394Liabilities 2013: $0Net Assets 2013: $129,963,3942013Assets 2014: $140,365,530Liabilities 2014: $0Net Assets 2014: $140,365,5302014Assets 2015: $139,450,326Liabilities 2015: $81,949,858Net Assets 2015: $57,500,4682015Assets 2016: $149,071,587Liabilities 2016: $88,860,345Net Assets 2016: $60,211,2422016Assets 2017: $175,449,258Liabilities 2017: $107,967,425Net Assets 2017: $67,481,8332017Assets 2018: $170,669,261Liabilities 2018: $107,714,905Net Assets 2018: $62,954,3562018Assets 2019: $197,203,125Liabilities 2019: $127,020,650Net Assets 2019: $70,182,4752019Assets 2020: $214,751,018Liabilities 2020: $140,725,049Net Assets 2020: $74,025,9692020Assets 2021: $251,226,152Liabilities 2021: $165,111,886Net Assets 2021: $86,114,2662021Assets 2022: $222,828,593Liabilities 2022: $148,496,133Net Assets 2022: $74,332,4602022Assets 2023: $254,111,339Liabilities 2023: $171,823,746Net Assets 2023: $82,287,5932023Assets 2024: $274,452,263Liabilities 2024: $188,984,817Net Assets 2024: $85,467,4462024

Highlighted filing

2015

Assets$139,450,326
Liabilities$81,949,858
Net Assets$57,500,468

Operations Trend

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

$30M$20M$10M$0Expenses 2012: $3,634,1822012Revenue 2013: $18,699,311Expenses 2013: $5,576,217Net Income 2013: $13,123,0942013Revenue 2014: $16,414,047Expenses 2014: $5,975,579Net Income 2014: $10,438,4682014Revenue 2015: $15,072,451Expenses 2015: $9,113,903Net Income 2015: $5,958,5482015Revenue 2016: $12,210,635Expenses 2016: $7,030,230Net Income 2016: $5,180,4052016Revenue 2017: $19,705,773Expenses 2017: $6,115,676Net Income 2017: $13,590,0972017Revenue 2018: $18,731,238Expenses 2018: $5,643,973Net Income 2018: $13,087,2652018Revenue 2019: $17,991,574Expenses 2019: $6,286,472Net Income 2019: $11,705,1022019Revenue 2020: $6,947,345Expenses 2020: $4,302,377Net Income 2020: $2,644,9682020Revenue 2021: $18,808,603Expenses 2021: $7,745,450Net Income 2021: $11,063,1532021Revenue 2022: $16,934,105Expenses 2022: $4,630,195Net Income 2022: $12,303,9102022Revenue 2023: $15,880,407Expenses 2023: $8,194,941Net Income 2023: $7,685,4662023Revenue 2024: $26,976,616Expenses 2024: $9,606,462Net Income 2024: $17,370,1542024

Highlighted filing

2015

Revenue$15,072,451
Expenses$9,113,903
Net Income$5,958,548
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 16, 2016
Return Version
2015v2.1
Gross Receipts
$23,202,368
Mission and Program Overview

Mission

To support the mission of the harrison county community foundation and to provide resources to address the needs of the harrison county, indiana community. This includes scholarship support to harrison county, indiana graduating seniors.

To benefit, perform and carry out the exclusively public, charitable, scientific, educational, and other purposes of the harrison county community foundation, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$138,857,699$137,712,596▼ $1,145,103
Other Notes and Loans Receivable, Net$787,000$1,284,916▲ $497,916
Savings and Temporary Cash Investments$720,831$452,814▼ $268,017
Total Assets$140,365,530$139,450,326▼ $915,204
Liabilities
Escrow Account Liability-$75,748,361-
Grants Payable-$6,201,497-
Total Liabilities$0$81,949,858▲ $81,949,858
Net Assets / Fund Balance
Temporarily Rstr Net Assets$75,744,781$0▼ $75,744,781
Unrestricted Net Assets$64,620,749$57,500,468▼ $7,120,281
Total Net Assets Fund Balance$140,365,530$57,500,468▼ $82,865,062
Total Liabilities and Net Assets / Fund Balance$140,365,530$139,450,326▼ $915,204

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$75,744,781--$75,744,781-
2014$67,957,033$6,353,474▲ $3,934,274-$75,744,781
2013$54,816,022$6,886,140▲ $8,254,871-$67,957,033
2012$42,537,957$7,043,000▲ $5,235,065-$54,816,022
Compensation and Service Providers

Employees

NameTitleOtherTotal
Steve a GillilandCEO$125,913$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

Highest Paid Contractors

ContractorServicesLocationCompensation
SeiInvestment Management1 FREEDOM VALLEY DRIVE, Oaks, PA 19456$569,069
Revenue and Support

Revenue Composition

Contributions and Grants
$7,899,088
Program Service Revenue
$6,500
Investment Income
$7,163,296
Other Revenue
$3,567
All Other Contributions
$7,863,369
Change in Net Assets
$5,958,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,810,259
Other Expenses$1,303,644
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$7,274,500--$7,274,500
Fees for Services Management$707,325--$707,325
Fees for Service Investment Mgmnt Fees$596,069--$596,069
Grants to Domestic Individuals$535,759--$535,759
Other Expenses$100$150-$250
Total Functional Expenses$9,113,753$150$0$9,113,903
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Harrison County CommissionersCOrydon, IN501(c)(3)to further the exempt purpose of the organization$2,500,000
Harrison County Community ServicesCorydon, IN501(c)(3)to further the exempt purpose of the organization$650,000
Harrison County Community Foundationcorydon, IN-to further the exempt purpose of the organization$542,500
South Harrison Community School CorpCorydon, IN501(c)(3)to further the exempt purpose of the organization$440,775
Blue River ServicesCorydon, IN501(c)(3)to further the exempt purpose of the organization$387,595
Harrison County Agricultural SocietyCorydon, IN501(c)(3)to further the exempt purpose of the organization$183,749
Harrison County Parks DepartmentCorydon, IN501(c)(3)to further the exempt purpose of the organization$183,245
Harrison County 4-HCorydon, IN501(c)(3)to further the exempt purpose of the organization$166,615
Lanesville Community School CorporationLanesville, IN501(c)(3)to further the exempt purpose of the organization$164,593
Indiana State Museum FoundationIndianapolis, IN501(c)(3)to further the exempt purpose of the organization$162,903
Lanesville Youth Baseball and Softball LeagueLanesville, IN501(c)(3)to further the exempt purpose of the organization$111,563
Habitat for Humanity of Harrison CountyCorydon, IN501(c)(3)to further the exempt purpose of the organization$106,105
Historical Society of Harrison CountyCorydon, IN501(c)(3)to further the exempt purpose of the organization$95,000
South Harrison Community DevelopmentElizabeth, IN501(c)(3)to further the exempt purpose of the organization$95,000
YMCA of Harrison County IncCorydon, IN501(c)(3)to further the exempt purpose of the organization$87,486
Main Street Corydon Ind IncCorydon, IN501(c)(3)to further the exempt purpose of the organization$86,257
Harrison County Economic Development CorporationCorydon, IN501(c)(3)to further the exempt purpose of the organization$65,000
Indiana Natural Resources FoundationIndianapolis, IN501(c)(3)to further the exempt purpose of the organization$50,100
Dare to CareLouisville, KY501(c)(3)to further the exempt purpose of the organization$45,000
Junior Achievement of Kentuckiana IncLouisville, KY501(c)(3)to further the exempt purpose of the organization$45,000
North Harrison Community School CorporationRamsey, IN501(c)(3)to further the exempt purpose of the organization$41,133
Unity ChapelRamsey, IN501(c)(3)to further the exempt purpose of the organization$37,800
Hoosier Hills PACTSalem, IN501(c)(3)to further the exempt purpose of the organization$37,500
St John's Lutheran SchoolLanesville, IN501(c)(3)to further the exempt purpose of the organization$31,959
St Joseph Catholic StreetCorydon, IN501(c)(3)to further the exempt purpose of the organization$19,371
Trustees of Indiana University on behalf of IUSdetroit, MI501(c)(3)to further the exempt purpose of the organization$12,202
Comfort HouseCorydon, IN501(c)(3)to further the exempt purpose of the organization$12,000
Hayswood Theatre Group IncCorydon, IN501(c)(3)to further the exempt purpose of the organization$7,500
LifeSpan Resources IncNew Albany, IN501(c)(3)to further the exempt purpose of the organization$6,926
Happy Days Child CareCorydon, IN501(c)(3)to further the exempt purpose of the organization$6,360
Personal Counseling ServicesClarksville, IN501(c)(3)to further the exempt purpose of the organization$5,550
Serenity IncJeffersonville, IN501(c)(3)to further the exempt purpose of the organization$5,250
Indiana UniversityDetroit, MI501(c)(3)to further the exempt purpose of the organization$5,000
Kiwanis Club of Historic Harrison CountyCorydon, IN501(c)(3)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
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
No
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 of form 990 to review. Upon approval, the final form 990 is presented to the board as a recommendation for approval by the audit committee. The form 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 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 Foundation
EIN
35-2100908
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
2000
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
22

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:

481 a Adjustment -81,002,747. SFAS 136 Adjustment -3,580.

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 modified cash to accrual method of accounting. See form 3115.

Financial Statement Notes

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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Vice Chair
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/MissionDesc0TO SUPPORT THE MISSION OF THE HARRISON COUNTY COMMUNITY FOUNDATION and TO PROVIDE RESOURCES TO ADDRESS THE NEEDS OF THE HARRISON COUNTY, INDIANA COMMUNITY. This includes SCHOLARSHIP SUPPORT TO HARRISON COUNTY, INDIANA GRADUATING SENIORS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleI/RecipientTable/CashGrantAmt185000
IRS990ScheduleI/RecipientTable/CashGrantAmt19164593
IRS990ScheduleI/RecipientTable/CashGrantAmt20111563

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