2014-08-12T10:41:32-05:00 2013-12-31 043587095 ESTEP BURKEY SIMMONS LLC PO BOX 42 MUNCIE IN 473080042 990 2013-01-01 351769294 UNION COUNTY FOUNDATION INC UNIO 7654587664 404 EATON ST LIBERTY IN 47353 DANKA KLEIN EXECUTIVE DIRECTOR 7654587664 2014-08-08 true PATRICK W BURKEY P00444925 7652847554 2014-08-08 2013 2015-11-30 17:44:51Z DANKA KLEIN 404 EATON ST LIBERTY IN 47353 1835656 false X WWW.UCFOUNDATIONINC.ORG X 1989 IN TO ASSIST DONORS TO BUILD AND PRESERVE A PERPETUAL FUND TO MEET THE CHANGING NEEDS AND ENRICH THE QUALITY OF LIFE IN UNION COUNTY, INDIANA. 12 12 3 45 0 128437 260748 61267 80246 233053 327071 10046 11932 432803 679997 157932 126383 0 53995 61596 0 12008 103496 134408 315423 322387 117380 357610 5378463 6259730 35145 23534 5343318 6236196 TO ASSIST DONORS TO BUILD AND PRESERVE A PERPETUAL FUND TO MEET THE CHANGING NEEDS AND ENRICH THE QUALITY OF LIFE IN UNION COUNTY, INDIANA. false false 272026 126383 GRANTS AND SCHOLARSHIPS ARE PAID OUT TO LOCAL ORGANIZATIONS OR STUDENTS FROM EARNINGS ON ENDOWED FUNDS AND CONTRIBUTIONS TO THE FUNDS. 272026 true true false false false true false false false true true true false false true true true false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false true 1 0 true 3 true false false false false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true true false IN X X DANKA KLEIN 7654587664 404 EATON ST LIBERTY IN 47353 LANDON COYLE DIRECTOR 1.00 X 0 0 0 JENNIFER YAMASHIRO DIRECTOR 1.00 X 0 0 0 GENE SANFORD TREASURER 1.00 X X 0 0 0 GENA HARTMAN SECRETARY 1.00 X X 0 0 0 NANCY BLANK DIRECTOR 1.00 X 0 0 0 DAVID BERTCH VICE PRESIDE 1.00 X X 0 0 0 KAREN BRIGGS DIRECTOR 1.00 X 0 0 0 MARSHA CHAMBERS ELDRIDGE DIRECTOR 1.00 X 0 0 0 ARTHUR REDINGER DIRECTOR 1.00 X 0 0 0 RICHARD WORCESTER PRESIDENT 1.00 X X 0 0 0 JULIE ABBOTT DIRECTOR 1.00 X 0 0 0 DANKA KLEIN EXECUTIVE DI 35.00 X 32109 0 0 32109 false false false 260748 260748 ADMINISTRATIVE FEES 541610 80246 80246 80246 121650 121650 1361080 1155659 205421 205421 205421 MISCELLANEOUS 11932 11932 11932 679997 92178 327071 49564 49564 76819 76819 32109 19265 6422 6422 25110 5022 17577 2511 4377 1858 1836 683 80246 80246 8658 8658 19606 19606 2993 2993 4226 1694 838 1694 6218 4806 1300 112 125 100 25 2803 2242 561 2582 2066 516 1905 1524 381 MAINTENANCE AND REPAIRS 4124 3299 825 LILLY INTERN PROJECT 542 542 MEMBERSHIP DUES 380 380 322387 272026 38353 12008 358425 458968 163551 88042 78091 75509 4102348 5408654 839599 316599 5378463 6259730 1883 1993 25000 12000 8262 9541 35145 23534 X 2573826 2257287 2346994 3517966 422498 460943 5343318 6236196 5378463 6259730 X 357610 536547 -1279 X false true X true false X 46628 109868 101346 128437 260748 647027 46628 109868 101346 128437 260748 647027 150649 496378 143944 183870 131027 134229 121653 714723 1361750 92178 0.36450 0.49990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4 20000 120458 true true 4803447 220773 644320 126384 19606 80246 5593445 3838869 132083 394624 102707 19392 70395 4173082 3883980 70496 21180 79001 57786 3838869 3625597 59177 385668 130314 56148 3883980 3194104 38888 542028 89900 59523 3625597 0.36000 0.08000 0.56000 false false 24000 24000 86242 35350 50892 53309 52692 617 75509 CERTIFICATES OF DEPOSIT 316599 F 316599 AGENCY ENDOWMENT FUNDS 9541 9541 X 1215108 536547 536547 678561 1436 1436 679997 322230 322230 157 157 322387 SCHEDULE D, PAGE 2, 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, 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 A MINIMUM OF 6.5%, NET OF INVESTMENT FEES, PLUS THE RATE OF INFLATION. ACTUAL RETURNS IN ANY GIVEN YEAR VARY FROM THIS AMOUNT. SCHEDULE D, PAGE 3, PART X THE FOUNDATION FOLLOWS THE INCOME TAX TOPIC OF THE FASB ASC. THE FOUNDATION NOW RECOGNIZES A TAX BENEFIT ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. THE FOUNDATION HAS EXAMINED THIS ISSUE AND HAS DETERMINED THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES. THE FOUNDATION'S FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS FOR 2010, 2011, AND 2012 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE INDIANA DEPARTMENT OF REVENUE. RETURNS ARE GENERALLY SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THEY ARE FILED. SCHEDULE D, PAGE 4, PART XI, LINE 4B AGENCY FUND REVENUE 1,436 SCHEDULE D, PAGE 4, PART XII, LINE 4B AGENCY FUND EXPENSES 157 true ST ANDREW CATHOLIC CHURCH RICHMOND CATHOLIC COMMUNITY 240 SOUTH 6 ST RICHMOND IN 47374 350992124 501C3 13040 SUPPORT IVY TECH COMMUNITY COLLEGE- RICHMON IVY TECH FOUNDATION 2357 CHESTER BOULEVARD RICHMOND IN 47374 237073977 501C3 30000 IVY TECH SCHOLARSHIP 2 SCHOLARSHIPS 95 76819 SCHEDULE I, PAGE 1, PART I, LINE 2 GRANTS ARE MADE SUBJECT TO THE SPECIFIC FUND AGREEMENTS OR GRANTS COMMITTEE RECOMMENDATIONS. THESE RECOMMENDATIONS ARE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE, WHO IN TURN, DISCUSSES IT WITH THE FULL BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 12C UNION COUNTY FOUNDATION, INC. ASKS BOARD MEMBERS TO SIGN RECUSAL FORMS STATING ANY RELATIONSHIP TO SCHOLARSHIP RECIPIENTS. FURTHER THE BOARD IS ASKED IF THERE COULD BE ANY CONFLICTS OF INTEREST. NOTES ARE MADE IN MINUTES OF ANY POSSIBLE CONFLICTS. AT TIMES, BOARD MEMBERS WILL ABSTAIN FROM VOTING IF THERE IS ANY ISSUE OF CONFLICT AT ALL. FORM 990, PAGE 6, PART VI, LINE 15A PERSONNEL COMMITTEE MEETS AS NEEDED AND REVIEWS PERFORMANCE OF THE EXECUTIVE DIRECTOR. REPORTS ARE REVIEWED AS TO THE FINANCIAL STATUS OF THE ORGANIZATION. REPORTS OF COMPENSATION FROM OTHER INDIANA NOT-FOR-PROFIT ORGANIZATIONS ARE REVIEWED. AFTER THE COLLECTION AND REVIEW OF MATERIALS, THE COMMITTEE MAKES A DECISION FOR COMPENSATION BY A VOTE WHICH IS THEN PRESENTED TO THE FULL BOARD OF APPROVAL. APPROVAL IS STATED IN REGULAR MEETING MINUTES. FORM 990, PAGE 6, PART VI, LINE 15B PERSONNEL COMMITTEE MEETS AS NEEDED AND REVIEWS PERFORMANCE OF THE EXECUTIVE DIRECTOR. REPORTS ARE REVIEWED AS TO THE FINANCIAL STATUS OF THE ORGANIZATION. REPORTS OF COMPENSATION FROM OTHER INDIANA NOT-FOR-PROFIT ORGANIZATIONS ARE REVIEWED. AFTER THE COLLECTION AND REVIEW OF MATERIALS, THE COMMITTEE MAKES A DECISION FOR COMPENSATION BY A VOTE WHICH IS THEN PRESENTED TO THE FULL BOARD OF APPROVAL. APPROVAL IS STATED IN REGULAR MEETING MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 AGENCY FUND REVENUE -1,436 AGENCY FUND EXPENSES 157