Civic Intelligence

Harrison County Community Foundation Supporting Organization Inc

990 • Fiscal year 2019 • EIN 35-2100908

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 02, 2020

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

78th percentile

0.64x

Higher debt load relative to assets than 78% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

7.06x

Higher debt load relative to revenue than 95% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Net Margin

97th percentile

65%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Top Officer Pay

3rd percentile

$104,170

Higher top officer pay than 3% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Asset Growth

83rd percentile

16%

Faster asset growth than 83% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Revenue Growth

23rd percentile

-3.9%

Faster revenue growth than 23% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Assets

Up

$197,203,125

Up $26,533,864 (+16%) from 2018

Net Assets

Up

$70,182,475

Up $7,228,119 (+11%) from 2018

Liabilities

Up

$127,020,650

Up $19,305,745 (+18%) from 2018

Revenue

Down

$17,991,574

Down $739,664 (-3.9%) from 2018

Expenses

Up

$6,286,472

Up $642,499 (+11%) from 2018

Net Income

Down

$11,705,102

Down $1,382,163 (-11%) from 2018

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

2019

Assets$197,203,125
Liabilities$127,020,650
Net Assets$70,182,475

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

2019

Revenue$17,991,574
Expenses$6,286,472
Net Income$11,705,102
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 2, 2020
Return Version
2019v5.1
Gross Receipts
$350,000,271
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 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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$160,229,490$186,877,056▲ $26,647,566
Accounts Receivable$8,032,607$8,032,607→ $0
Other Notes and Loans Receivable, Net$1,799,226$1,994,968▲ $195,742
Savings and Temporary Cash Investments$607,938$298,494▼ $309,444
Total Assets$170,669,261$197,203,125▲ $26,533,864
Liabilities
Escrow Account Liability$101,750,298$121,056,043▲ $19,305,745
Other Liabilities$5,964,607$5,964,607→ $0
Total Liabilities$107,714,905$127,020,650▲ $19,305,745
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$62,954,356$70,182,475▲ $7,228,119
Total Net Assets Fund Balance$62,954,356$70,182,475▲ $7,228,119
Total Liabilities and Net Assets / Fund Balance$170,669,261$197,203,125▲ $26,533,864

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$75,744,781--$75,744,781-
Compensation and Service Providers

Employees

NameTitleOtherTotal
Steve a GillilandCEO (part-year)$104,170$104,170
Julie MoormanCEO (part-year)$91,190$91,190

Board Members and Trustees

NameTitle
Brett StilwellChair
Barbara MiddletonPast Chair
Leslie RobertsonVice Chair
Brian LahueDirector
Carol HoehnDirector
Douglas SellersDirector
Jeff ShiremanDirector
Jeremy KirkhamDirector
Mike WoertzDirector
Pam D CarmichaelDirector
Pat BookDirector
Ryan HangerDirector
Scott EstesDirector
Susan PiersonDirector
Taylor JohnsonDirector
Leanne CunninghamSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
SeiInvestment Management1 FREEDOM VALLEY DRIVE, Oaks, PA 19456$568,269
The Mason CompaniesInvestment Management11130 SUNRISE VALLEY DRIVE SUITE 2, Reston, VA 20191$201,855
Revenue and Support

Revenue Composition

Contributions and Grants
$5,430,602
Program Service Revenue
$12,751
Investment Income
$12,548,221
Other Revenue
$0
All Other Contributions
$5,430,602
Change in Net Assets
$11,705,102
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,340,939
Other Expenses$1,945,533
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,948,439--$3,948,439
Fees for Services Management$980,845--$980,845
Fees for Service Investment Mgmnt Fees$770,528--$770,528
Grants to Domestic Individuals$392,500--$392,500
Interest$192,919--$192,919
Fees for Services Legal$1,241--$1,241
Total Functional Expenses$6,286,472$0$0$6,286,472
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Harrison County CommisionersCorydon, IN501(c)(3)To Further the Exempt Purpose of the Organization$1,650,000
Harrison County Parks DepartmentCorydon, INGovernmentalTo Further the Exempt Purpose of the Organization$1,097,338
Harrison County Community FoundationCorydon, IN501(c)(3)To Further the Exempt Purpose of the Organization$500,000
Town of CorydonCorydon, IN501(c)(3)To Further the Exempt Purpose of the Organization$292,867
South Harrison Community School CorpCorydon, IN501(c)(3)To Further the Exempt Purpose of the Organization$232,833
Blue River ServicesCorydon, IN501(c)(3)To Further the Exempt Purpose of the Organization$70,482
Harrison County Local Coordinating CommitteeRamsey, IN501(c)(3)To Further the Exempt Purpose of the Organization$66,861
North Harrison Community School CorporationRamsey, IN501(c)(3)To Further the Exempt Purpose of the Organization$57,150
Unity ChapelLanesville, IN501(c)(3)To Further the Exempt Purpose of the Organization$25,273
Lanesville Community School CorporationCorydon, IN501(c)(3)To Further the Exempt Purpose of the Organization$24,773
Harrison County Community ServicesJeffersonville, IN501(c)(3)To Further the Exempt Purpose of the Organization$22,500
Align Southern IndianaClarksville, IN501(c)(3)To Further the Exempt Purpose of the Organization$21,350
Personal Counseling Service IncLouisville, KY501(c)(3)To Further the Exempt Purpose of the Organization$17,500
Dare to CareLouisville, KY501(c)(3)To Further the Exempt Purpose of the Organization$13,500
Junior Achievement of Kentuckiana IncCorydon, IN501(c)(3)To Further the Exempt Purpose of the Organization$13,500
St Joseph Catholic StreetSalem, IN501(c)(3)To Further the Exempt Purpose of the Organization$13,442
Hoosier HillsCorydon, IN501(c)(3)To Further the Exempt Purpose of the Organization$9,000
Ymca of Harrison County IncCorydon, IN501(c)(3)To Further the Exempt Purpose of the Organization$7,500
Hayswood Theatre GroupBloomington, IN501(c)(3)To Further the Exempt Purpose of the Organization$7,400
Trustees of Iu on Behalf of IusCorydon, IN501(c)(3)To Further the Exempt Purpose of the Organization$6,500
Adjustment for Prior Year Grants Closed Out-501(c)(3)To Further the Exempt Purpose of the Organization$-226,330
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
Notes Payable$5,964,607
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
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 11B

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
Julie Moorman
Title
President
Phone
8127386668
Signed
2020-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Moorman
Formed
2000
Legal Domicile
In
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
23

Preparer

Firm
Blue & Co LLC
Address
813 WEST SECOND STREET, SEYMOUR, IN 47274
Preparer
Kandy L Wischmeier CPA
Phone
8125228416
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Sfas 136 adjustment -19,305,745.

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.

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, 2019 and 2018, 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 720 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/Desc0HARRISON COUNTY COMMUNITY FOUNDATION (HCCF) AND THE HARRISON COUNTY COMMUNITY FOUNDATION SUPPORTING ORGANIZATION (HCCF SO) HAVE A UNIQUE HISTORY. IN A RIVERBOAT GAMING DEVELOPMENT AGREEMENT DATED MAY 15, 1996, RDI/CAESARS RIVERBOAT, LLC AGREED WITH THE HARRISON COUNTY, INDIANA GOVERNMENT TO PROVIDE $5,000,000 TO CREATE THE FOUNDATION. THE AGREEMENT ALSO PROVIDED FOR A CONTINUING TRANSFER OF CONTRIBUTIONS FROM THE CASINO TO THE COMMUNITY FOUNDATION BEGINNING IN 2000. IN ORDER TO MEET THE PUBLIC SUPPORT TEST AND CONTINUE TO OPERATE AS A PUBLIC FOUNDATION, THE SUPPORTING ORGANIZATION (HCCF SO) WAS CREATED. THIS HCCF SO IS A PUBLIC BENEFIT CORPORATION THAT IS ORGANIZED AND OPERATED EXCLUSIVELY TO BENEFIT, PERFORM, AND CARRY OUT THE EXCLUSIVELY PUBLIC, CHARITABLE, SCIENTIFIC, EDUCATIONAL, AND OTHER PURPOSES OF THE HARRISON COUNTY COMMUNITY FOUNDATION, INC. THE BOARD OF DIRECTORS OF HCCF SO IS COMPRISED OF THE SAME SITTING BOARD OF DIRECTORS, INCLUDING OFFICERS, AS HCCF.THE MISSION OF THE HARRISON COUNTY COMMUNITY FOUNDATION IS TO INSPIRE AND ASSIST EVERYONE TO EXPERIENCE PHILANTHROPY, PRODUCING POSITIVE AND SUSTAINABLE GROWTH IN HARRISON COUNTY. HCCF'S VISION IS TO GROW HARRISON COUNTY INTO THE BEST COMMUNITY TO LIVE, WORK AND RAISE A FAMILY. HCCF VALUES GENEROSITY, INTEGRITY, SUSTAINABILITY, STEWARDSHIP, INNOVATION, COLLABORATION, INCLUSION, AND EXCELLENCE.ONGOING CONTRIBUTIONS FROM THE CASINO ARE BASED ON A PERCENTAGE OF GAMING REVENUE AND ARE SPLIT BETWEEN TWO ACCOUNTS IN THE SUPPORTING ORGANIZATION. THE MAJORITY, 75%, GOES INTO THE HARRISON COUNTY COMMUNITY FUND, WHICH THE COUNTY GOVERNMENT USES TO SUPPORT ITS PROGRAMS AND PROJECTS. THE REMAINING 25% IS USED BY THE FOUNDATION TO FUND ITS PROGRAMS AND PROJECTS, SUCH AS GRANT MAKING AND MATCHING GIFTS. BECAUSE OF THE UNRESTRICTED CONTRIBUTIONS FROM CAESARS SOUTHERN INDIANA CASINO (FORMERLY HORSESHOE SOUTHERN INDIANA), HCCF HAS BEEN ABLE TO EMBARK ON SEVERAL AMBITIOUS PROJECTS. SOME OF THE RECENT PROJECTS HAVE INCLUDED:JUMP START PRESCHOOL HCCF SO FUNDED A FIVE YEAR PILOT PROGRAM THAT HAS SINCE BEEN EXTENDED WHICH ADDRESS KINDERGARTEN READINESS FOR CHILDREN FROM OUR LOW INCOME FAMILIES. HCCF ALSO COORDINATES WITH THE STATE OF INDIANA'S ON MY WAY PREK PROGRAM IN ORDER TO REACH AS MANY FAMILIES AS POSSIBLE WHO MAY BE ELIGIBLE FOR EXPANDED BENEFITS. MULTIPLE SITES ARE AVAILABLE THROUGHOUT THE COUNTY. DOCUMENTED RESEARCH DEMONSTRATES THIS PRESCHOOL OPPORTUNITY IS MAKING A POSITIVE DIFFERENCE.GENESIS HOUSE (HARRISON COUNTY LOCAL COORDINATING COMMITTEE: REHABILITATE WOMEN'S TRANSITIONAL HOUSING) THE HARRISON COUNTY SUBSTANCE ABUSE PREVENTION COALITION (HCSAPC) WAS AWARDED $171,000 TO MAKE RENOVATIONS TO AN EXISTING STRUCTURE THAT BECAME GENESIS HOUSE, A TRANSITIONAL LIVING ENVIRONMENT FOR WOMEN TO OVERCOME PAST DESTRUCTIVE BEHAVIOR OF SUBSTANCE ABUSE. OF THE AMOUNT AWARDED, $13,300 CAME FROM HCCF BUILDER'S FUNDS, $1,200 CAME FROM FROM HCCF'S HEALTH AND SAFETY FIELD OF INTEREST ENDOWMENT FUND, AND THE REMAINDER CAME FROM THE FOUNDATION'S GENERAL UNRESTRICTED FUND.TOWN OF CORYDON STELLAR PROJECTS: RICE ISLAND, URBAN TRAIL, AND DOWNTOWN ENHANCEMENTS AS A PART OF THE $4 MILLION MULTI-YEAR COMMITMENT AWARDED IN 2016, THE TOWN OF CORYDON BEGAN THE REDEVELOPMENT OF RICE ISLAND. THE FORMER PARK LOCATED NEAR THE CORYDON SENIOR LOFTS, WILL BECOME A PARK AGAIN WITH TRAILS, RESTROOMS, AND A REMODELED AMPHITHEATER.METRO UNITED WAY - BUILD A BED PROJECT - IN OCTOBER A $5,000 GRANT WAS AWARDED TO METRO UNITED WAY TO SUPPORT ITS BUILD-A-BED PROJECT IN HARRISON COUNTY. THE PROJECT PROVIDED BEDS FOR 50 ELIGIBLE STUDENTS FROM THE NORTH AND SOUTH HARRISON SCHOOL DISTRICTS. EACH OF THESE STUDENTS ALSO RECEIVED A MATTRESS, BEDDING AND A FAMILY SUPPORT PACKAGE.JUNIOR ACHIEVEMENT OF KENTUCKIANA INC. - JUNIOR ACHIEVEMENT WAS AWARDED $6,750 TO PARTIALLY SUPPORT ITS FINANCIAL LITERACY, WORK READINESS AND ENTREPRENEURSHIP PROGRAMS FOR 1,800 HARRISON COUNTY STUDENTS AT LANESVILLE COMMUNITY SCHOOLS, NORTH HARRISON C
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt16CEO (PART-YEAR)
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IRS990/MissionDesc0THE MISSION OF THE HARRISON COUNTY COMMUNITY FOUNDATION IS TO INSPIRE AND ASSIST EVERYONE TO EXPERIENCE PHILANTHROPY, PRODUCING POSITIVE AND SUSTAINABLE GROWTH IN HARRISON COUNTY. HCCF'S VISION IS TO GROW HARRISON COUNTY INTO THE BEST COMMUNITY TO LIVE, WORK AND RAISE A FAMILY. HCCF VALUES GENEROSITY, INTEGRITY, SUSTAINABILITY, STEWARDSHIP, INNOVATION, COLLABORATION, INCLUSION, AND EXCELLENCE.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
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, 2019 AND 2018, 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/CashGrantAmt825273
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