2013-08-14T15:05:36-05:00 2012-12-31 ESTEP BURKEY SIMMONS LLC PO BOX 42 MUNCIE IN 473080042 990 2012-01-01 351769294 UNION COUNTY FOUNDATION INC UNIO 7654587664 404 EATON ST LIBERTY IN 47353 DANKA KLEIN 7654587664 2013-08-12 true PATRICK W BURKEY 7652847554 2013-08-14 2012 2016-02-24 21:20:13Z DANKA KLEIN 404 EATON ST LIBERTY IN 47353 1018621 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. 11 11 7 45 0 101346 128437 58019 61267 217641 233053 9046 10046 386052 432803 190025 157932 0 48054 53995 0 10733 107913 103496 345992 315423 40060 117380 5042579 5378463 46382 35145 4996197 5343318 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 272741 157932 GRANTS AND SCHOLARSHIPS ARE PAID OUT TO LOCAL ORGANIZATIONS OR STUDENTS FROM EARNINGS ON ENDOWED FUNDS AND CONTRIBUTIONS TO THE FUNDS. 272741 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 7 true false false false false false false false false false false false false false X 11 11 false false false false false false false true false 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 1.00 X X 0 0 0 KAREN FERRARIO 1.00 X X 0 0 0 GENE SANFORD 1.00 X X 0 0 0 GENA HARTMAN 1.00 X X 0 0 0 NANCY BLANK 1.00 X 0 0 0 DAVID BERTCH 1.00 X 0 0 0 KAREN BRIGGS 1.00 X 0 0 0 MARSHA CHAMNESS 1.00 X 0 0 0 BRANDEN LOGUE 1.00 X 0 0 0 ARTHUR REDINGER 1.00 X 0 0 0 RICHARD WORCESTER 1.00 X 0 0 0 DANKA KLEIN 35.00 X 31213 0 0 31213 false false false 128437 128437 ADMINISTRATIVE FEES 541610 61267 61267 61267 134229 134229 684642 585818 98824 98824 98824 MISCELLANEOUS 10046 10046 10046 432803 71313 233053 84065 84065 73867 73867 31213 18727 6243 6243 18948 3789 13264 1895 3834 2304 762 768 61269 61269 8050 8050 14298 14298 1302 1302 2805 1122 561 1122 5225 3525 1264 436 319 255 64 1025 820 205 2586 2069 517 2764 2211 553 MAINTENANCE AND REPAIRS 3673 2938 735 MEMBERSHIP DUES 180 180 315423 272741 31949 10733 385469 358425 163551 85460 80677 78091 3666294 4102348 909709 839599 430 5042579 5378463 6812 1883 31944 25000 7626 8262 46382 35145 X 2820804 2573826 1795026 2346994 380367 422498 4996197 5343318 5042579 5378463 X 117380 230377 -636 X false true X true false X 398405 46628 109868 101346 128437 784684 398405 46628 109868 101346 128437 784684 14266 770418 163411 143944 183870 131027 134229 756481 1541165 71313 0.49990 0.47610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4 20094 85766 true true 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 3879936 383830 -817769 214536 37357 3194104 0.43000 0.10000 0.47000 false false 24000 24000 86242 33306 52936 53309 52154 1155 78091 CERTIFICATES OF DEPOSIT 839599 F 839599 AGENCY ENDOWMENT FUNDS 8262 8262 X 662402 230377 230377 432025 778 778 432803 315281 315281 142 142 315423 INTENDED USES FOR ENDOWMENT FUNDS 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. LIABILITY UNDER FIN 48 FOOTNOTE 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 2009, 2010, AND 2011 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. REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 4B AGENCY FUND REVENUE 778 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B AGENCY FUND EXPENSES 142 true ST ANDREW CATHOLIC CHURCH RICHMOND CATHOLIC COMMUNITY 240 SOUTH 6 ST RICHMOND IN 47374 350992124 501C3 12374 SUPPORT UNION COUNTY HISTORICAL SOCIETY PO BOX 143 LIBERTY IN 47353 351763921 501C3 8214 MAINTENANCE UNION COUNTY YOUTH LEAGUE PO BOX 73 LIBERTY IN 47353 351691748 501C3 7500 SUPPORT 3 SCHOLARSHIPS 74 73867 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES 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. DOCUMENTATION BY COMMITTEE FORM 990, PAGE 6, PART VI, LINE 8B NO COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 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. ENFORCEMENT OF CONFLICTS POLICY 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. COMPENSATION PROCESS FOR TOP OFFICIAL 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. COMPENSATION PROCESS FOR OFFICERS 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. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. RECONCILIATION OF CHANGES - OTHER FORM 990, PART XI, LINE 9 AGENCY FUND REVENUE -778 AGENCY FUND EXPENSES 142 OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 9 AGENCY FUND NET CHANGE 636