2012-11-12T16:29:04-00:00 2011-12-31 Estep Burkey Simmons LLC PO Box 42 Muncie IN 473080042 990 2011-01-01 351769294 Union County Foundation Inc UNIO 7654587664 404 Eaton Street Liberty IN 47353 Danka Klein 2012-11-12 true Patrick Burkey 7652847554 2012-11-12 2011 2016-02-24 21:20:13Z Danka Klein 404 Eaton Street Liberty IN 47353 1767896 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 5 45 0 109868 101346 56154 58019 172232 217641 9046 338254 386052 187344 190025 0 54335 48054 0 11569 108059 107913 349738 345992 -11484 40060 5184835 5042579 61629 46382 5123206 4996197 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 310504 190025 Grants and scholarships are paid out to local organizations or students from earnings on endowed funds and contributions to the funds. 310504 true true false false false true false false false true true true false false true false 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 false true 2 0 true 5 true 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 true false IN X X Danka Klein 7654587664 404 Eaton Street Liberty IN 47353 Zackery D Cartee 001.00 X 0 0 0 Julie Coffman 001.00 X 0 0 0 Landon Coyle 001.00 X X 0 0 0 Karen Ferrario 001.00 X X 0 0 0 Gena Hartman 001.00 X X 0 0 0 Branden Logue 001.00 X 0 0 0 Arthur Redinger 001.00 X 0 0 0 Gwayne Reed 001.00 X 0 0 0 Gene Sanford 001.00 X X 0 0 0 Danka Klein 035.00 X 17407 0 0 Janice S Cartee 035.00 X 20348 0 0 Nancy Blank 001.00 X 0 0 0 Marsha Chamness 001.00 X 0 0 0 37755 false false false 101346 89 101346 Administrative Fees 541610 58019 58019 58019 131229 131229 1468256 1381844 86412 86412 86412 Miscellaneous 900099 9046 9046 9046 386052 67065 217641 97990 97990 92035 92035 0 0 42082 25250 8416 8416 0 2753 551 1927 275 0 0 3219 1931 644 644 58019 58019 0 8994 8994 0 13573 13573 0 6614 6614 3103 1241 621 1241 0 0 2828 2262 566 1019 815 204 0 1031 825 206 0 0 2768 2214 554 1876 1501 375 Repairs and Maintenance 4733 3786 947 Telephone 2915 1457 875 583 Memberships and Dues 440 440 0 345992 310504 23919 11569 176545 385469 163551 82874 83445 80677 4397419 3666294 511996 909709 15430 430 5184835 5042579 1461 6812 52466 31944 7702 7626 61629 46382 X 1865567 2820804 3008405 1795026 249234 380367 5123206 4996197 5184835 5042579 X 40060 -167069 X false true true X false X 86432 398405 46628 109868 101346 742679 86432 398405 46628 109868 101346 742679 742679 195002 163411 143944 183870 131027 817254 1559933 0.47610 0.47280 X 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4 60327 true true 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 31262 54980 53309 51612 1697 80677 2500 F Certificates of Deposit 907209 F 909709 Agency Fund Liabilities 7626 7626 386052 345992 40060 -166864 -205 -167069 -127009 218850 -166864 -166864 385714 338 338 386052 345859 345859 133 133 345992 V 4 The foundation has adopted investments 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 foundations spending and investment policies work together to achieve this objective. The investment policy establishes a return objective continued below... V 4 ...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. XI 8 Net Agency Fund Transactions -205. XII 4b Net Agency Fund Transactions 338. XIII 4b Net Agency Fund Transactions 133. X 2 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. true St Andrew Catholic Church 240 South 6th St Richmond IN 47374 350992124 501c3 11653 Programs Maintenance St Michael's Church 145 Saint Michaels Blvd Brookville IN 47012 350867996 501c3 8078 Programs Maintenance Union County Youth League PO Box 73 Liberty IN 47353 351691748 501c3 7542 Programs UCHS Athletic Department 410 Patriot Blvd Liberty IN 47353 356007375 5250 Soccer program Union County Foundation 404 Eaton St Liberty IN 47353 351769294 501c3 10160 Match 2011 Gifts Union County Foundation 404 Eaton St Liberty IN 47353 351769294 501c3 20838 11 Distr. Oper. Fund Ball State University 2000 W University Ave Muncie IN 47306 356024566 501c3 5150 Scholarships Union County Public Library 2 E Seminary St Liberty IN 47353 351856533 501c3 5591 Reading Programs Indiana University East 2325 Chester Blvd Richmond IN 47374 5100 Scholarships 7 2 Scholarships 74 92035 I 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 Part VI 8b No committee has the authority to act on behalf of the governing body. Form 990 Part VI 11 The Form 990 is reviewed by the Finance Committee, who in turn, discusses it with the full board of directors. Form 990 Part VI 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 Part VI 15 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 Part VI 19 All documents are available upon request. Form 990 Part XI 5 Unrealized losses 167,145 - Change in value of FASB ASC 958 Agency Funds 76 167,069. Form 990 Part VI Section A Line 8b No committee has the authority to act on behalf of the governing body. Form 990 Part VI Section B Line 11 The Form 990 is reviewed by the Finance Committee, who in turn, discusses it with the full board of directors. Form 990 Part VI Section B 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 Part VI Section B Line 15 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 Part VI Section C Line 19 All documents are available upon request. Form 990 Part XI Line 5 Unrealized losses 167,145 - Change in value of FASB ASC 958 Agency Funds 76 167,069.