2022-02-15T09:45:31-06:00 2021-08-31 351476702 BRADY WARE & SCHOENFELD INC 2206 CHESTER BLVD RICHMOND IN 47374 990 2020-09-01 352034336 FRANKLIN COUNTY COMMUNITY FOUNDATION INC FRAN 7656476810 527 MAIN STREET BROOKVILLE IN 47012 MICHELLE LUNSFORD EXECUTIVE DIRECTOR 7656476810 2022-01-21 1 MICHELLE LUNSFORD 999009999 TRACY A HAINES P00517541 7659660531 2022-01-21 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z MICHELLE LUNSFORD 527 MAIN STREET BROOKVILLE IN 47012 5295168 0 X WWW.FRANKLINCOUNTYINDIANA.INFO X 1998 IN TO NURTURE AND FACILITATE A SPIRIT OF GIVING AND GIVING BACK FOR THE BETTERMENT OF FRANKLIN COUNTY. 14 14 2 30 0 0 1392060 1484350 0 0 42313 778363 6488 10518 1440861 2273231 425160 735513 0 0 80755 88042 0 0 33959 444928 1539045 950843 2362600 490018 -89369 6891230 10900308 16017 166077 6875213 10734231 TO NURTURE AND FACILITATE A SPIRIT OF GIVING AND GIVING BACK FOR THE BETTERMENT OF FRANKLIN COUNTY. 0 0 2273103 735513 COMMUNITY GRANTS AND COLLEGE SCHOLARSHIPS FOR FRANKLIN COUNTY STUDENTS. 55 SCHOLARSHIPS TO STUDENTS AND 70 GRANTS TO SCHOOLS, GOVERNMENTAL UNITS AND TAX-EXEMPT ORGANIZATIONS WERE DISTRIBUTED. 2273103 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 IN X X MICHELLE LUNSFORD 7656476810 527 MAIN STREET BROOKVILLE IN 47012 DR MIKE FAIN BOARD MEMBER 1.00 X 0 0 0 JAKE LINKEL TREASURER 1.00 X X 0 0 0 LINDA ROSENBERGER BOARD MEMBER 1.00 X 0 0 0 RHONDA HOFER SECRETARY 1.00 X X 0 0 0 LAURA FRONDORF BOARD MEMBER 1.00 X 0 0 0 CHAD MEARS PRESIDENT 1.00 X X 0 0 0 CARRIE GILLMAN BOARD MEMBER 1.00 X 0 0 0 ANDY SHULTZ VICE PRESIDENT 1.00 X X 0 0 0 RHONDA KERR BOARD MEMBER 1.00 X 0 0 0 JOHN SEALE BOARD MEMBER 1.00 X 0 0 0 MOLLY BRIER BOARD MEMBER 1.00 X 0 0 0 JANNET BAKER BOARD MEMBER 1.00 X 0 0 0 BARB REED BOARD MEMBER 1.00 X 0 0 0 MIKE BENTZ BOARD MEMBER 1.00 X 0 0 0 CARRIE RUPP BOARD MEMBER 1.00 X 0 0 0 MICHELLE LUNSFORD EXECUTIVE DIRECTOR 40.00 X 51137 0 0 51137 0 0 0 0 0 0 0 31666 1452684 1484350 198249 198249 5200 0 5200 5200 5200 3602051 3021937 580114 580114 580114 MISCELLANEOUS 900099 5318 5318 5318 2273231 5318 0 783563 669496 669496 66017 66017 53495 24073 10699 18723 27760 13880 13880 6787 3170 2053 1564 11517 11517 70057 70057 1027 1027 11093 6594 750 3749 8131 4066 1626 2439 7291 4375 1458 1458 2350 1410 470 470 14002 8402 2800 2800 3460 1383 1616 461 COMMUNITY PROJECT EXPEN 1377644 1377644 PASS THRU EXPENSES - ST 15649 15649 REPAIRS 11477 6887 2295 2295 MISCELLANEOUS 3863 3863 1484 1484 2362600 2273103 55538 33959 34273 377930 975024 720384 170235 364797 172562 192444 192235 5689489 9439524 6891230 10900308 150493 16017 15584 16017 166077 X 2686601 4207103 4188612 6527128 6875213 10734231 6891230 10900308 X -89369 1539596 2390939 17852 X X 0 1 X 1 0 X 302949 376707 1630075 1392060 1484350 5186141 302949 376707 1630075 1392060 1484350 5186141 1964166 3221975 137570 158450 182259 177870 203449 859598 1500 1470 1888 5318 10176 6055915 0.53200 0.55850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5 34 162148 28152 134032 32660 276644 1077375 1 1 6556742 263625 1853432 209027 0 8464772 4805181 714306 -18477 149806 87618 5263586 4049990 949607 4545 126670 72291 4805181 3777256 237225 220183 117210 67464 4049990 3677827 132971 134304 104770 63076 3777256 0.33000 0.47000 0.20000 0 0 10000 10000 310420 145847 164573 44377 26715 17662 192235 X 3738421 1539596 1539596 2198825 74406 74406 2273231 2292543 0 2292543 70057 70057 2362600 PART V, LINE 4: THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PRESERVE THE REAL PURCHASING POWER OF THE ASSETS, AND PROVIDE A GROWING STREAM OF INCOME TO BE MADE AVAILABLE FOR SPENDING AND KEEPING PACE WITH INFLATION, IN ORDER TO SUSTAIN THE OPERATIONS AND GRANT-MAKING CAPACITY OF THE FOUNDATION. THE FOUNDATION'S SPENDING AND INVESTMENT POLICIES WORK TOGETHER TO ACHIEVE THIS OBJECTIVE. THE INVESTMENT POLICY ESTABLISHES A RETURN OBJECTIVE THROUGH DIVERSIFICATION OF ASSET CLASSES. THE CURRENT LONG-TERM RETURN OBJECTIVE IS TO RETURN AN ANNUAL AVERAGE OF 3% TO 5%, NET OF INVESTMENT FEES, PLUS THE RATE OF INFLATION. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. THE PRIOR YEAR ENDING BALANCE DOES NOT EQUAL CURRENT YEAR BEGINNING BALANCE DUE TO THE CHANGE OF ACCOUNTING METHOD FROM MODIFIED-CASH TO ACCRUAL. PART X, LINE 2: ACCOUNTING STANDARDS REQUIRE THE EVALUATION OF TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN THE COURSE OF PREPARING THE FOUNDATION'S TAX RETURNS, TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. THIS STATEMENT PROVIDES THAT A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY WHEN IT IS "MORE-LIKELY-THAN-NOT" THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS AND CONSIDERATION OF ALL AVAILABLE INFORMATION. ONCE THE RECOGNITION THRESHOLD IS MET, THE PORTION OF THE TAX BENEFIT THAT IS RECORDED REPRESENTS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY TO BE REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY. BASED ON ITS REVIEW, MANAGEMENT DOES NOT BELIEVE THE FOUNDATION HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS, INCLUDING ANY POSITION THAT WOULD PLACE THE FOUNDATION'S EXEMPT STATUS IN JEOPARDY, AS OF AUGUST 31, 2021. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEE 68,815. FAS 136 FUND ACTIVITY 5,592. ROUNDING -1. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEE 68,815. FAS 136 FUND ACTIVITY 1,242. 1 CROSSWAY COMMUNITY CHURCH 9091 NEW HAVEN RD HARRISON OH 45030 311637183 501(C)(3) 10000 GENERAL SUPPORT FRANKLIN CO CHAMBER OF COMMERCE 18 W 10TH STREET BROOKVILLE IN 47012 351092747 501(C)(3) 11110 COVID EMERGENCY SMALL BUSINESS GRANT FRANKLIN COUNTY ARTS COUNCIL 744 MAIN ST BROOKVILLE IN 47012 351785493 501(C)(3) 46520 GENERAL SUPPORT; THIRD PLACE GRANT MAIN STREET BROOKVILLE INC PO BOX 61 BROOKVILLE IN 47012 383720045 501(C)(3) 58025 GENERAL SUPPORT; TAILWATER CLEANUP TOWN OF BROOKVILLE 1020 FRANKLIN AVE BROOKVILLE IN 47012 356000963 MUNICIPALITY 144978 AQUATIC CENTER WHITEWATER CANAL TRAIL PO BOX 126 BROOKVILLE IN 47012 352249462 501(C)(3) 264560 GENERAL SUPPORT CAMP RIVER RIDGE 6145 HARVEY BRANCH ROAD OLDENBURG IN 47036 061500537 501(C)(3) 13209 KITCHEN PROJECT FRANKLIN COUNTY GIRLS SOFTBALL ORGANIZATION 10147 RESERVOIR RD BROOKVILLE IN 47012 351929348 501(C)(3) 30000 FIELD CONSTRUCTION ST MICHAEL CHURCH 145 ST MICHAEL BLVD BROOKVILLE IN 47012 530196617 CHURCH 5825 GENERAL SUPPORT ST MICHAEL SCHOOL 275 HIGH STREET BROOKVILLE IN 47012 530196617 501(C)(3) 8072 PLAYGROUND; ART PROGRAM; STANDING DESK PROJECT; STUDENT HEALTH & FITNESS; WALKIE TALKIES; GENERAL SUPPORT WHITEWATER CANAL STATE HISTORIC SITE 650 W WASHINGTON ST INDIANAPOLIS IN 46204 356202818 501(C)(3) 5000 BRIDGE RESTORATION 11 0 SCHOLARSHIPS 55 66017 PART I, LINE 2: FOR SCHOLARSHIP'S AWARDED, THE STUDENTS ARE REQUIRED SIGN AND RETURN A STUDENT AGREEMENT FORM TO THE FOUNDATION, WHICH SPECIFIES THE FUND THAT THE SCHOLARSHIP IS TO BE AWARDED FROM AND THE AWARD AMOUNT. THE STUDENT HAS TO ACCEPT OR DECLINE THE AWARD ON THIS FORM. THEY ALSO GIVE THE FOUNDATION AUTHORIZATION TO RELEASE INFORMATION ABOUT THE SCHOLARSHIP TO THEIR SCHOOL AND THE MEDIA. THE STUDENT ALSO PROVIDES THE NAME OF THE COLLEGE OR UNIVERSITY THAT THEY ARE ATTENDING AND THEIR STUDY PLAN AND/OR MAJOR. THE STUDENT IS ALSO REQUIRED TO PRESENT PROOF OF ENROLLMENT FOR THE UPCOMING SEMESTER. AFTER PROOF IS RECEIVED, THE CHECK IS MAILED TO THE SCHOOL. FOR GRANT AWARDS, THE GRANTEES ARE REQUIRED TO FILL OUT AND SEND A TERMS OF GRANT AGREEMENT FORM TO THE FOUNDATION. THIS FORM STATES THE GRANT AMOUNT AND THE PURPOSE OF THE GRANT. THE GRANTEE IS REQUIRED TO VERIFY PROJECT BEGIN DATE AND DATE THE GRANT FUNDS ARE NEEDED. TWO INDIVIDUALS ARE REQUIRED TO SIGN THE FORM. A CHECK AND THE GRANTEE FINAL REPORT FORM IS MAILED TO THE RECIPIENT BASED ON THE DATE THE FUNDS ARE NEEDED. AFTER THE PROJECT IS COMPLETE, THE GRANTEE FINAL REPORT FORM IS COMPLETED AND RETURNED TO THE FOUNDATION. THIS FORM REQUESTS ITEMIZED EXPENDITURES (INCLUDING RECEIPTS) REGARDING THE PROJECT. IT ALSO REQUESTS A BRIEF NARRATIVE AND PHOTOS OF THE COMPLETED PROJECT. THE GRANTEE IS QUESTIONED AS TO WHETHER THE ORIGINAL PROPOSAL GUIDELINES WERE FOLLOWED. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION SHALL BE THE PERSONS WHO FROM TIME TO TIME ARE THE DIRECTORS OF THE CORPORATION. A PERSON SHALL SERVE AS A MEMBER FOR THE SAME PERIOD AS HIS OR HER SERVICE AS A DIRECTOR. A PERSON WHO BECOMES A DIRECTOR SHALL AUTOMATICALLY BE A MEMBER, AND SUCH A PERSON WHO CEASES TO BE A DIRECTOR SHALL AUTOMATICALLY CEASE TO BE A MEMBER. EACH MEMBER OF THE CORPORATION SHALL BE ENTITLED TO ONE VOTE ON EACH ISSUE TO COME BEFORE A MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CORPORATION SHALL BE THE PERSONS WHO FROM TIME TO TIME ARE THE DIRECTORS OF THE CORPORATION. A PERSON SHALL SERVE AS A MEMBER FOR THE SAME PERIOD AS HIS OR HER SERVICE AS A DIRECTOR. A PERSON WHO BECOMES A DIRECTOR SHALL AUTOMATICALLY BE A MEMBER, AND SUCH A PERSON WHO CEASES TO BE A DIRECTOR SHALL AUTOMATICALLY CEASE TO BE A MEMBER. EACH MEMBER OF THE CORPORATION SHALL BE ENTITLED TO ONE VOTE ON EACH ISSUE TO COME BEFORE A MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF THE CORPORATION SHALL BE THE PERSONS WHO FROM TIME TO TIME ARE THE DIRECTORS OF THE CORPORATION. A PERSON SHALL SERVE AS A MEMBER FOR THE SAME PERIOD AS HIS OR HER SERVICE AS A DIRECTOR. A PERSON WHO BECOMES A DIRECTOR SHALL AUTOMATICALLY BE A MEMBER, AND SUCH A PERSON WHO CEASES TO BE A DIRECTOR SHALL AUTOMATICALLY CEASE TO BE A MEMBER. EACH MEMBER OF THE CORPORATION SHALL BE ENTITLED TO ONE VOTE ON EACH ISSUE TO COME BEFORE A MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE IS AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE 990 PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS ARE ASKED TO FILL OUT AND SIGN AN ANNUAL STATEMENT OF CONFLICT OF INTEREST AND OTHER DISCLOSURES. DIRECTORS RECUSE THEMSELVES FROM DISCUSSION AND VOTING ON MATTERS WHERE THERE IS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A EXECUTIVE DIRECTOR PERFORMANCE EVALUATION POLICY - IN ADDITION TO ONGOING MONITORING, THE EXECUTIVE COMMITTEE OF THE FRANKLIN COUNTY COMMUNITY FOUNDATION, INC. WILL PROVIDE A SPECIFIC OPPORTUNITY FOR THE EXECUTIVE DIRECTOR TO PRESENT A SELF-EVALUATION AND FOR THE EXECUTIVE COMMITTEE TO ORGANIZE THEIR EVALUATION OF THE EXECUTIVE DIRECTOR'S PERFORMANCE AND HAVE IT PRESENTED IN A FACE-TO-FACE DEBRIEFING WITH THE EXECUTIVE DIRECTOR. AT THIS TIME, THE EXECUTIVE COMMITTEE WILL PRESENT A RECOMMENDATION TO THE BOARD AND THEY WILL DETERMINE ANY SPECIFIC, PERSONAL PERFORMANCE GOALS FOR THE YEAR AHEAD. THE EXECUTIVE DIRECTOR'S COMPENSATION PACKAGE WILL ALSO BE REVIEWED DURING THIS PROCESS AND APPROVED BY THE BOARD USING APPROPRIATE SALARY COMPARISON DATA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S 990 IS AVAILABLE ON WWW.GUIDESTAR.ORG. OTHER DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: FAS 136 THAT WAS INCLUDED WITH PRIOR YEAR WHEN CHANGING TO ACCRUAL 12,131. FAS 136 THAT CHANGED BEGINNING BALANCE AT 10/1/20 5,721. FORM 990, PART XII, LINE 1 THE FOUNDATION HAS KEPT ITS RECORDS AND HAS PREPARED ITS FINANCIAL STATEMENTS FOR PREVIOUS YEARS ON THE MODIFIED CASH BASIS. DURING THE YEAR THE FOUNDATION HAS CHANGED TO A NEW SOFTWARE FOR THEIR BOOKKEPING WHICH IS SET UP ON THE ACCRUAL BASIS OF ACCOUNTING. FOR THE REASON ABOVE, THE FOUNDATION HAS CHANGED THEIR METHOD OF ACCOUNTING FROM MODIFIED CASH TO ACCRUAL IN THE FISCAL YEAR 8/31/2021. THE BEGINNING OF THE PERIOD NET ASSET BALANCES FROM CHANGING TO THE ACCRUAL BASIS HAS BEEN RETROSPECTIVELY ADJUSTED. THE EFFECT OF THE CHANGE WAS AN INCREASE TO NET ASSETS OF $2,390,939. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN THE METHOD OF SELECTING THE INDEPENDENT AUDITOR OR IN THE OVERSIGHT OF THE AUDITOR.