2012-10-26T09:32:03-05:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 2 E MAIN STREET SUITE 120 PO BOX 16 DANVILLE IL 618340016 990 2011-01-01 351814927 WESTERN INDIANA COMMUNITY FOUNDATION INC WEST 7657930702 135 S STRINGTOWN ROAD PO BOX 175 COVINGTON IN 47932 BETH MASON 7657930702 2012-10-16 1 PHIL MUEHL P00622760 2174421643 2011 2016-02-24 21:20:13Z DICK MINNETTE 135 S STRINGTOWN ROAD PO BOX 175 COVINGTON IN 47932 3464037 0 X WWW.WICF-INC.ORG X 1990 IN "HELPING PEOPLE IMPROVE OUR COMMUNITY." 26 26 2 30 0 0 306205 339533 8380 8645 229581 679301 0 0 544166 1027479 170195 226536 0 0 99821 95866 0 0 20189 105431 112976 375447 435378 168719 592101 9401410 9654154 37244 44108 9364166 9610046 X "HELPING PEOPLE IMPROVE OUR COMMUNITY." FAMILIES, INDIVIDUALS, BUSINESSES, AND NONPROFIT GROUPS ESTABLISH FUNDS WITHIN THE FOUNDATIONS INTO WHICH THEY CAN CONTRIBUTE A VARIETY OF ASSETS TO BE USED FOR CHARITABLE PURPOSES. GRANTS ARE AWARDED TO COMMUNITY PROJECTS, NONPROFIT ORGANIZATIONS AND STUDENTS FOR SCHOLARSHIPS. 0 0 232419 226536 8645 COMMUNITY PROGRAMS AND SCHOLARSHIPS FOR SECONDARY EDUCATION NEEDING SUPPORT FROM THE ENTIRE COMMUNITY 232419 1 1 0 0 0 1 0 0 0 1 1 1 0 1 0 0 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 0 1 0 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 IN X X DALE WHITE 7657930702 135 STRINGTOWN ROAD COVINGTON IN 47932 BETH MASON 1.00 X 0 0 0 DICK MINNETTE 1.00 X X 0 0 0 KEVIN MARTIN 1.00 X 0 0 0 DALE WHITE 40.00 X X 62283 0 5755 JOHN SHAMBACH 1.00 X 0 0 0 RAQUEL STULTZ 1.00 X X 0 0 0 BOB WRIGHT 1.00 X 0 0 0 SUSAN REYNOLDS 1.00 X 0 0 0 TOM MCGURK JR 1.00 X 0 0 0 62283 0 5755 0 0 0 0 0 339533 339533 PROGRAM INCOME 611710 8645 8645 8645 171325 171325 2944534 2436558 507976 507976 507976 1027479 8645 0 679301 182729 182729 43807 43807 68038 68038 27828 27828 1975 1975 8800 8800 34108 34108 11284 11284 4744 4744 120 120 4878 4878 2519 2519 DONOR DEVELOPMENT 20189 20189 MISCELLANEOUS 16123 16123 PROGRAM EXPENSE 5883 5883 EQUIPMENT RENTAL AND MA 2353 2353 435378 232419 182770 20189 218318 354645 30486 25767 155845 69754 88274 86091 6280331 6517642 2307820 2041887 476181 628122 9401410 9654154 1360 301 35884 43807 37244 44108 X 277405 270841 1353165 1574481 7733596 7764724 9364166 9610046 9401410 9654154 X 592101 -346221 X X 0 1 1 X 0 X 346093 284954 207244 170195 339533 1348019 346093 284954 207244 170195 339533 1348019 244878 1103141 272968 273688 262915 272154 171325 1253050 2601069 43000 0.42410 0.41490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 517702 1 1 8944723 114839 282501 137469 9204594 8534653 136524 665573 170195 221832 8944723 7784903 109253 997887 278451 78939 8534653 9326326 257163 -1511792 137235 149559 7784903 0.00000 0.83670 0.16330 0 0 33885 33885 84441 35438 49003 37519 34316 3203 86091 MONEY MARKET FUNDS/CERTIFICATES OF DEPOSITS 2041887 F 2041887 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 445381 CASH SURRENDER VALUE OF LIFE INSURANCE 182741 628122 1027479 435378 592101 -486129 139908 -346221 245880 647150 -486129 139908 -346221 993371 34108 34108 1027479 401270 0 401270 34108 34108 435378 PART XI, LINE 8 - OTHER ADJUSTMENTS: INCREASE IN CRUT VALUE 139,908. PART XI, LINE 8 AND PART XII, LINE 2D: INCREASE IN CHARITABLE REMAINDER UNITRUST ($139,908). PART X, QUESTION 2, IT WAS DETERMINED THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS SO NO RELATED FOOTNOTE WAS INCLUDED IN THE FINANCIAL STATEMENTS. PART V, QUESTION 4, THE ENDOWMENTS WERE SET UP WITH RESTRICTED CONTRIBUTIONS. THE ORGANIZATION ADMINISTERS AND DISTRIBUTES FUNDS IN ACCORDANCE WITH THE DONOR RESTRICTIONS. 1 X SCHOLARSHIPS/BOOK REIMBURSEMENT 66 43807 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANT PAYMENTS ARE NOT ISSUED TO GRANTEES UNLESS A PAID INVOICE IS PROVIDED. PAYMENTS ARE ISSUED TO THE RESPECTIVE VENDOR WHO WILL BE PROVIDING THE SERVICE/PRODUCT. SCHOLARSHIPS FOR TUITION ARE WRITTEN TO THE STUDENT AND THEIR SELECTED SCHOOL. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWS THE AUDIT REPORT - THE FINANCE COMMITTEE AND THE BOARD REVIEW THE AUDIT COMMITTEE'S RECOMMENDATION. THE 990 IS ALSO REVIEWED PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISCUSSED AT THE FIRST BOARD MEETING OF EACH CALENDAR YEAR WHEN FORMS ARE DISTRIBUTED FOR BOARD MEMBER SIGNATURES. DISCUSSIONS ALSO TAKE PLACE FROM TIME TO TIME AT REGULAR BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES PAY ANNUALLY AND BASE THEIR RECOMMENDATIONS ON THE EMPLOYEE'S PERFORMANCE, COMPARABLE DATA, AND INFLATION INCREASES. THE BOARD OF DIRECTORS APPROVE THE INCREASE PRIOR TO THE CHANGE BECOMING EFFECTIVE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S 990 IS ON THE INTERNET AT GUIDESTAR.ORG AND THE NATIONAL CENTER FOR CHARITABLE STATISTICS. THE FOUNDATION'S ANNUAL REPORT MAKES REFERENCE THAT THE AUDIT IS AVAILABLE FOR REVIEW DURING THE OFFICE HOURS OF THE ORGANIZATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -486,129. INCREASE IN CRUT VALUE 139,908. TOTAL TO FORM 990, PART XI, LINE 5: -346,221. FORM 990, PART XII, LINE 2C THE COMMITTEE HAS NOT CHANGED THEIR APPROVAL PROCESS FROM THE PRIOR YEAR.