Civic Intelligence

Wells County Foundation Inc.

990 • Fiscal year 2020 • EIN 35-6042815

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 08, 2021

222 W Market StreetBluffton, IN 46714

(260) 824-8620

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.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.50x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

88th percentile

39%

Higher net margin than 88% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

10th percentile

$74,929

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

61st percentile

11%

Faster asset growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

32nd percentile

-5.2%

Faster revenue growth than 32% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Up

$32,856,870

Up $3,359,189 (+11%) from 2019

Net Assets

Up

$31,798,133

Up $3,571,161 (+13%) from 2019

Liabilities

Down

$1,058,737

Down $211,972 (-17%) from 2019

Revenue

Down

$2,113,096

Down $115,475 (-5.2%) from 2019

Expenses

Up

$1,284,328

Up $106,946 (+9.1%) from 2019

Net Income

Down

$828,768

Down $222,421 (-21%) from 2019

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $15,618,104Liabilities 2010: $991,949Net Assets 2010: $14,626,1552010Assets 2011: $14,723,723Liabilities 2011: $921,388Net Assets 2011: $13,802,3352011Assets 2012: $15,899,163Liabilities 2012: $943,642Net Assets 2012: $14,955,5212012Assets 2013: $19,768,368Liabilities 2013: $1,065,618Net Assets 2013: $18,702,7502013Assets 2014: $22,843,365Liabilities 2014: $1,590,099Net Assets 2014: $21,253,2662014Assets 2015: $22,620,750Liabilities 2015: $1,392,242Net Assets 2015: $21,228,5082015Assets 2016: $22,981,901Liabilities 2016: $1,101,185Net Assets 2016: $21,880,7162016Assets 2017: $25,667,971Liabilities 2017: $1,007,651Net Assets 2017: $24,660,3202017Assets 2018: $24,687,917Liabilities 2018: $1,182,646Net Assets 2018: $23,505,2712018Assets 2019: $29,497,681Liabilities 2019: $1,270,709Net Assets 2019: $28,226,9722019Assets 2020: $32,856,870Liabilities 2020: $1,058,737Net Assets 2020: $31,798,1332020Assets 2021: $38,406,822Liabilities 2021: $1,375,664Net Assets 2021: $37,031,1582021Assets 2022: $31,426,440Liabilities 2022: $1,424,936Net Assets 2022: $30,001,5042022Assets 2023: $35,180,769Liabilities 2023: $1,140,802Net Assets 2023: $34,039,9672023Assets 2024: $39,895,401Liabilities 2024: $1,569,393Net Assets 2024: $38,326,0082024

Highlighted filing

2020

Assets$32,856,870
Liabilities$1,058,737
Net Assets$31,798,133

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $703,3272010Expenses 2011: $749,2562011Expenses 2012: $684,1742012Revenue 2013: $2,986,395Expenses 2013: $713,324Net Income 2013: $2,273,0712013Revenue 2014: $4,068,998Expenses 2014: $931,361Net Income 2014: $3,137,6372014Revenue 2015: $2,558,589Expenses 2015: $1,041,363Net Income 2015: $1,517,2262015Revenue 2016: $615,427Expenses 2016: $1,017,816Net Income 2016: -$402,3892016Revenue 2017: $3,150,959Expenses 2017: $959,654Net Income 2017: $2,191,3052017Revenue 2018: $2,325,622Expenses 2018: $1,619,068Net Income 2018: $706,5542018Revenue 2019: $2,228,571Expenses 2019: $1,177,382Net Income 2019: $1,051,1892019Revenue 2020: $2,113,096Expenses 2020: $1,284,328Net Income 2020: $828,7682020Revenue 2021: $3,725,265Expenses 2021: $1,536,201Net Income 2021: $2,189,0642021Revenue 2022: $1,745,304Expenses 2022: $1,897,913Net Income 2022: -$152,6092022Revenue 2023: $1,735,945Expenses 2023: $1,645,265Net Income 2023: $90,6802023Revenue 2024: $4,323,351Expenses 2024: $1,902,283Net Income 2024: $2,421,0682024

Highlighted filing

2020

Revenue$2,113,096
Expenses$1,284,328
Net Income$828,768
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 8, 2021
Return Version
2020v4.0
Gross Receipts
$11,190,095
Mission and Program Overview

Mission

Charitable foundation established to enhance the present and future quality of life of the wells county, in community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$26,965,136$30,260,790▲ $3,295,654
Savings and Temporary Cash Investments$938,063$864,858▼ $73,205
Land, Buildings, and Equipment, Net$345,921$387,382▲ $41,461
Cash and Non-Interest-Bearing Accounts$6,515$6,825▲ $310
Prepaid Expenses and Deferred Charges$1,138$1,138→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$29,497,681$32,856,870▲ $3,359,189
Other Assets Total$1,240,908$1,335,877▲ $94,969
Liabilities
Other Liabilities$919,392$968,833▲ $49,441
Grants Payable$344,779$85,722▼ $259,057
Accounts Payable and Accrued Expenses$6,538$4,182▼ $2,356
Total Liabilities$1,270,709$1,058,737▼ $211,972
Net Assets / Fund Balance
Net Assets With Donor Restrictions$26,510,148$29,865,401▲ $3,355,253
Net Assets Without Donor Restrictions$1,716,824$1,932,732▲ $215,908
Total Net Assets Fund Balance$28,226,972$31,798,133▲ $3,571,161
Total Liabilities and Net Assets / Fund Balance$29,497,681$32,856,870▲ $3,359,189

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$336,899$33,552$370,451
Equipment$30,483$71,824$102,307
Land$20,000-$20,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$23,712,260$44,398▲ $3,834,659-$26,595,148
2019$19,656,585$421,606▲ $4,486,637-$23,712,260
2018$20,610,846$598,743▼ $836,987-$19,656,585
2017$18,379,150$83,240▲ $2,698,697-$20,610,846
2016$17,809,483$501,720▲ $670,285-$18,379,150
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tammy SlaterExec DirectorFT$74,929$74,929

Board Members and Trustees

NameTitle
Ginny FenstermakerPresident
Sid SchwartzVice President
Amy GreinerDirector
Greg RoembkeDirector
Mike KraciumDirector
Mitch HarnishDirector
Tammy SchafferDirector
Tim BabcockDirector
Barbara BarbieriSecretary
Brad JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$261,374
Program Service Revenue
$0
Investment Income
$1,751,169
Other Revenue
$100,553
All Other Contributions
$261,374
Change in Net Assets
$828,768

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,113,096
Revenue Not Reported on Form 990
$2,742,393
Total Revenue per Audited Statements
$4,855,489
Total Revenue per Form 990
$2,113,096
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$906,105
Other Expenses$194,531
Salaries, Compensation, and Employee Benefits$183,692
Total Fundraising Expense$116,124
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$557,269--$557,269
Grants to Domestic Individuals$348,836--$348,836
Other Salaries and Wages$31,987$45,540$13,554$91,081
Current Officers, Directors, Trustees, and Key Employees$24,976$24,977$24,976$74,929
Fees for Services Accounting-$43,680-$43,680
Depreciation Depletion-$20,749-$20,749
Office Expenses-$14,314-$14,314
Payroll Taxes$4,358$5,395$2,948$12,701
All Other Expenses-$9,421-$9,421
Occupancy-$7,357-$7,357
Insurance-$5,247-$5,247
Other Employee Benefits$1,709$2,116$1,156$4,981
Other Expenses$3,150$16,923$25,597$3,150
Fees for Services Legal-$200-$200
Total Functional Expenses$972,285$195,919$116,124$1,284,328

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,284,328
Total Expenses per Audited Statements$1,284,328
Total Expenses per Form 990$1,284,328
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ossian Econ RevitalizationOssian, IN501(c)(3)Amphitheater Project$57,000
Bluffton Parks DepartmentBluffton, IN501(c)(3)Various Activities at Local Parks$52,439
Wells Co Boys & Girls ClubBluffton, IN501(c)(3)Support Programs for Kids in Comm$35,900
Family Centered ServicesBluffton, IN501(c)(3)Various Family Programs$35,502
Wells County Revitalization IncBluffton, IN501(c)(3)Support Revitalization of Community$28,746
Creative Arts-wells CoBluffton, IN501(c)(3)Provide Art Programs to Community$25,315
St Joseph Catholic ChurchBluffton, IN501(c)(3)CHURCH'S CHARITABLE PURPOSES$19,800
Wells County Public LibraryBluffton, IN501(c)(3)Various Library Programs$18,540
Community Care of Wells CoBluffton, IN501(c)(3)Funding for Programs & Facility$17,000
Zanesville Lions ClubZanesville, IN501(c)(3)Parking Lot Paving$15,000
Comm Harvest Food Bank Ne inFort Wayne, IN501(c)(3)Provide Food for Community$13,750
St Vincent De Paul CatholicFort Wayne, IN501(c)(3)CHURCH'S CHARITABLE PURPOSES$13,200
Brickhouse Family MinistriesBluffton, IN501(c)(3)Support Foster Care Home$12,500
Southern Wells Comm SchoolsPoneto, IN501(c)(3)Various Education Programs$10,807
Fort Wayne PhilharmonicFort Wayne, IN501(c)(3)Patriotic Pops and Educ Concert$10,000
Riley Childrens FoundationIndianapolis, IN501(c)(3)Replenish Funds Wells Co Kids$10,000
Wells Co Food BankBluffton, IN501(c)(3)Food Bank for Wells County$10,000
Pleasant Dale Cemetery AssocDecatur, IN501(c)(3)Support of Charitable Activities$9,000
Bi-county Services IncBluffton, IN501(c)(3)Programs for Mentally Handicapped$8,825
Heartspring IncWichita, KS501(c)(3)Support Children With Special Needs$8,825
Junior Achievement of Northern IndianaFort Wayne, IN501(c)(3)Ja Programs in Wells Co Schools$7,000
Cn Foundation Family YmcaBluffton, IN501(c)(3)Support for Childcare Center$6,940
Wells Co Child ProtectionBluffton, IN501(c)(3)Fund Be Seen & Heard Program$6,650
Pleasant Dale ChurchDecatur, IN501(c)(3)CHURCH'S CHARITABLE PURPOSES$6,100
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Liabilities$882,360
Custodial Liabilities$56,707
Annuity Liability$29,766
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
Yes
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, Line 11B: Form 990 Review Process

All finance committee members received a copy of the form 990. The committee met to discuss the form 990 and answer any questions any of the committee members had.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Directors abstain from votes during board meetings that would create a conflict of interest.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Executive committee meets annually to evaluate performance of executive director. Committee discusses what the executive director has done well over the past year and what could be improved on or focused on in the upcoming year. The committee will set compensation level and in the past has compared to similar size community foundations.hourly wages of other two employees are first evaluated by executive director who recommends an hourly rate to the executive committee. Executive committee meets annually to review these evaluations and discuss the hourly rates. The committee sets the hourly rates of these employees.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies, and financial statements are available to public upon request.

Filing and Contact Details

Filer

Filer Name
Wells County Foundation Inc
EIN
35-6042815
Phone
2608248620
Address
222 W MARKET STREET, BLUFFTON, IN 46714

Signing Officer

Name
Tammy Slater
Title
Executive Director
Signed
2021-11-08
Discuss with paid preparer
Yes

Organization Details

Formed
1957
Legal Domicile
In
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
30

Preparer

Firm
Honegger Ringger & Co Inc
Address
1905 N Main Street, Bluffton, IN 46714
Preparer
Brad H Johnson CPA
Phone
2608244107
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The foundation holds several endowed funds that were created by donors or set aside by the foundation to invest and create income available to be spent on enhancing the present and future quality of life of the wells county, in community. The endowed fund balances are not intended to be spent by the foundation. Some funds may target different areas or categories in the community such as arts and culture, civic affairs, community development, education, youth, environment, animal welfare, recreation, health and human services.

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IRS990/ProgSrvcAccomActy2Grp/Desc0AWARD SCHOLARSHIPS TO WELLS COUNTY RESIDENTS TO ASSIST IN PURSUING POST-SECONDARY EDUCATION. 137 STUDENTS RECEIVED SCHOLARSHIPS IN 2020.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.9$1.57$38.3$4.32$1.90$2.42
2023Detailed filing. Detailed filing data is available for this year.$35.2$1.14$34.0$1.74$1.65$0.09
2022Detailed filing. Detailed filing data is available for this year.$31.4$1.42$30.0$1.75$1.90$0.15
2021Detailed filing. Detailed filing data is available for this year.$38.4$1.38$37.0$3.73$1.54$2.19
2020Detailed filing. Detailed filing data is available for this year.$32.9$1.06$31.8$2.11$1.28$0.83
2019Detailed filing. Detailed filing data is available for this year.$29.5$1.27$28.2$2.23$1.18$1.05
2018Detailed filing. Detailed filing data is available for this year.$24.7$1.18$23.5$2.33$1.62$0.71
2017Detailed filing. Detailed filing data is available for this year.$25.7$1.01$24.7$3.15$0.96$2.19
2016Detailed filing. Detailed filing data is available for this year.$23.0$1.10$21.9$0.62$1.02$0.40
2015Detailed filing. Detailed filing data is available for this year.$22.6$1.39$21.2$2.56$1.04$1.52
2014Detailed filing. Detailed filing data is available for this year.$22.8$1.59$21.3$4.07$0.93$3.14
2013Detailed filing. Detailed filing data is available for this year.$19.8$1.07$18.7$2.99$0.71$2.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$0.94$15.0$0.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$0.92$13.8$0.75
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.6$0.99$14.6$0.70