2012-06-26T14:48:18-05:00 2011-12-31 201695613 BOLLENBACHER & ASSOCIATES LLC 215 E PEARL ST PO BOX 702 PORTLAND IN 47371 990 2011-01-01 356028362 THE PORTLAND FOUNDATION PORT 2607264260 112 E MAIN ST PORTLAND IN 47371 DOUGLAS L INMAN 2607264260 2012-06-19 1 SCOTT A BOLLENBACHER CPA P00401897 2607264207 2012-06-19 2011 2016-02-24 21:20:13Z DOUGLAS L INMAN 112 E MAIN ST PORTLAND IN 47371 235443 0 X WWW.PORTLANDFOUNDATION.ORG X 1951 IN ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT 9 9 4 0 621 0 260151 31255 0 0 166827 201438 -332 2065 426646 234758 198298 348114 0 0 58694 67973 0 0 0 118610 119884 375602 535971 51044 -301213 10652475 10076491 804116 783115 9848359 9293376 ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT 0 0 461984 THE PORTLAND FOUNDATION ADMINISTERS APPROXIMATELY 100 SEPARATE SCHOLARSHIP TRUSTS ESTABLISHED FOR THE PROVISION OF STUDENT SCHOLARSHIPS IN AND AROUND JAY COUNTY INDIANA. THE FOUNDATION ENSURES SPECIFIC GUIDELINES ESTABLISHED BY EACH SCHOLARSHIP TRUST ARE FOLLOWED IN AWARDING SCHOLARSHIPS TO BETTER THE COMMUNITY. 461984 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 0 1 1 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 4 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X DOUGLAS L INMAN 2607264260 112 EAST MAIN STREET PORTLAND IN 47371 MARIANNE HORN 0.00 X 0 0 0 DEAN JETTER 0.00 X 0 0 0 EMILY ROBERTS 0.00 X 0 0 0 RON LAUX 0.00 X 0 0 0 DOUGLAS L INMAN 40.00 X 43661 0 0 PAT BENNET 0.00 X 0 0 0 ERIC REYNOLDS 0.00 X 0 0 0 DAVID FULLENKAMP 0.00 X 0 0 0 ROSALIE CLAMME 0.00 X 0 0 0 MARY DAVIS 0.00 X 0 0 0 43661 0 0 0 0 0 0 0 31255 31255 202123 202123 685 -685 -685 -685 PARTNERSHIP INV-NONTAX 211110 1444 1444 PARTNERSHIP INVESTMENT 211110 621 621 2065 234758 -685 621 203567 266564 266564 81550 81550 43661 21831 21830 12771 12771 7224 4912 2312 4317 3828 489 3517 3517 16306 16306 46015 46015 1445 1445 1875 1875 4584 4584 2020 2020 224 224 27916 27916 1152 1152 LILLY SCHOLARSHIP 3308 3308 PRINTING 2496 2496 UTILITIES 1822 1822 MAINTENANCE 1583 1583 5621 958 4663 535971 461984 73987 0 90952 105950 105 105 640773 131706 534041 509067 10022180 9457898 5197 3471 10652475 10076491 804116 783115 804116 783115 X -183827 589271 860562 662838 9171624 8041267 9848359 9293376 10652475 10076491 -301213 -253770 X X 0 1 1 X 0 X 36042 182979 37520 260151 31255 547947 36042 182979 37520 260151 31255 547947 547947 268877 300466 183861 166827 199899 1119930 3268 4087 943 -332 2065 10031 1677908 0.32660 0.31080 X THE PORTLAND FOUNDATION (FOUNDATION) WAS FOUNDED DECEMBER 17, 1951. THE FOUNDATION ADMINISTERS APPROXIMATELY 100 SEPARATE SCHOLARSHIP TRUSTS ESTABLISHED FOR THE PROVISION OF STUDENT SCHOLARSHIPS IN AND AROUND JAY COUNTY, INDIANA. THE FOUNDATION ENSURES SPECIFIC GUIDELINES ESTABLISHED BY EACH SCHOLARSHIP TRUST ARE FOLLOWED IN AWARDING SCHOLARSHIPS TO BETTER THE COMMUNITY. THE FOUNDATION IS A COMMUNITY TRUST THAT MEETS ALL THE REQUIREMENTS OF REG. 1.170A-9(E)(11)(III), (IV), (V),(VI).SINCE THE FOUNDATION'S CREATION IN 1951, THE FOUNDATION HAS SOLICITED FUNDS FROM DONORS THROUGHOUT THE COMMUNITY AS WELL AS THOSE WHO HAVE HAD TIES TO PORTLAND, INDIANA. THE PUBLIC HAS OVERWHELMINGLY SUPPORTED THE FOUNDATION SINCE ITS FOUNDING. THE FOUNDATION CONTINUES TO BE ORGANIZED AND OPERATED TO ATTRACT NEW AND ADDITIONAL PUBLIC OR GOVERNMENTAL SUPPORT ON A CONTINUOUS BASIS THROUGH NUMEROUS PROGRAMS DESIGNED TO RAISE FUNDS FOR THE FOUNDATION. THE FOUNDATION DOES MEET THE REQUIREMENTS FOR THE 10% PUBLIC SUPPORT TEST FROM UNRELATED DONORS. THE FOUNDATION HAS AN ESTABLISHED BOARD OF TRUSTEES THAT MEET REGULARLY AND A STAFF OF 2 INDIVIDUALS, INCLUDING A FULL-TIME EXECUTIVE DIRECTOR. THE FOUNDATION'S BOARD REPRESENTS A BROAD CROSS SECTION OF THE COMMUNITY. THE BOARD OF TRUSTEES HAS SET TERMS AND OFFICERS ARE ELECTED ANNUALLY. THE FOUNDATION PRIMARILY AWARDS GRANTS AND SCHOLARSHIPS ON AN ANNUAL BASIS TO THE GENERAL PUBLIC OF JAY COUNTY, INDIANA. THE SCHOLARSHIPS ARE PRIMARILY AWARDED TO HIGH SCHOOL GRADUATES OF JAY COUNTY HIGH SCHOOL. THE COMMUNITY IS WELL AWARE OF THE ACTIVITIES OF THE FOUNDATION. MANY NOT-FOR-PROFIT ORANIZATIONS AND NEARLY ALL GRADUATING SENIORS WHO PLAN TO ATTEND SECONDARY EDUCATION APPLY FOR GRANTS AND SCHOLARSHIPS FROM THE FOUNDATION ON AN ANNUAL BASIS. THE FOUNDATION ALSO MAINTAINS A DEFINITIVE PROGRAM FOR ACCOMPLISHING ITS CHARITABLE WORK IN THE COMMUNITY. THIS PROGRAM HAS REMAINED CONSISTENT THROUGHOUT THE FOUNDATION'S HISTORY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 7348 20055 597933 1 1 10676737 29263 -87802 350798 157541 10109859 9547040 257550 1214957 198298 144512 10676737 8141792 33894 1726692 228397 126941 9547040 11756528 235769 -3279139 403210 168156 8141792 0 0 640773 131706 509067 509067 FMB-US & STATE GOVT 143704 F FMB-CORPORATE BONDS 282848 F FMB-MUTUAL FUNDS 4595920 F FMB-SAVINGS AND TEMP CASH INVESTMENTS 94063 F MAINSOURCE-SAVINGS AND TEMP CASH INV 18995 F MAINSOURCE-CORP BONDS 76425 F MAINSOURCE-CORP STOCKS 1 F MAINSOURCE-MUTUAL FUNDS 3705544 F PARTNERSHIP INVESTMENTS 5 C FEG HEDGE FUNDS 540393 F 9457898 ASSETS HELD FOR OTHERS 783115 783115 234758 535971 -301213 -253770 -253770 -554983 -19012 -253770 -253770 234758 0 234758 535971 0 535971 0 535971 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: SCHOLARSHIPS AND GRANTS FOR THE BETTERMENT OF JAY COUNTY. PART XI, LINE 8 - OTHER ADJUSTMENTS: TRANSFER TO PF - CORPORATION 35-2019497 1 ARTS PLACE INC 131 E WALNUT STREET PORTLAND IN 47371 501(C)(3) 56351 ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT JAY COUNTY HISTORICAL SOCIETY 903 E MAIN STREET PORTLAND IN 47371 501(C)(3) 16097 ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT JAY COUNTY PUBLIC LIBRARY 315 N SHIP ST PORTLAND IN 47371 501(C)(3) 8096 ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT JOHN JAY CENTER FOR LEARNING 101 S MERIDIAN STREET PORTLAND IN 47371 501(C)(3) 34744 ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT JAY COMMUNITY CENTER 115 EAST WATER ST PORTLAND IN 47371 501(C)(3) 51894 ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT PURDUE FOUNDATION 403 WEST WOOD STREET WEST LAYFAYETTE IN 47907 501(C)(3) 17028 ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT UNITED WAY OF JAY COUNTY 101 S MERIDIAN STREET PORTLAND IN 47371 501(C)(3) 20992 ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT YOUTH SERVICE BUREAU 603 W ARCH STREET PORTLAND IN 47371 501(C)(3) 7999 ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT FRIENDS OF THE LIMBERLOST US 27 GENEVA IN 46740 501(C)(3) 5891 ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT JAY COUNTY FAIR ASSOCIATION 806 EAST VOTAW ST PORTLAND IN 47371 501(C)(3) 20000 ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT PREGNANCY CARE CENTER OF JAY COUNTY 216 S MERIDIAN ST PORTLAND IN 47371 501(C)(3) 13908 ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT 11 SCHOLARSHIPS 73 81175 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: WHEN A GRANT IS AWARDED TO A NOT-FOR-PROFIT ORGANIZATION, THE FOUNDATION HAS PROCEDURES IN PLACE TO ENSURE PROPER USAGE OF THE GRANT FUNDS. THE RECIPIENT ORGANIZATION MUST SHOW PROOF OF EXPENDITURE FOR THE PROJECT, AND THEN MUST SIGN A GRANT AGREEMENT, WHEREBY THEY AGREE TO USE THE GRANT FUNDS ONLY FOR THE PROJECT FOR WHICH THE GRANT WAS AWARDED. ONCE THE GRANT FUNDS ARE EXPENDED, THE RECIPIENT ORGANIZATION MUST COMPLETE A WRITTEN FINAL GRANT REPORT, WHICH DETAILS THE USAGE OF THE GRANT FUNDS. FINALLY, THE FOUNDATION CONDUCTS ON-SITE VISITS WITH RECIPIENT ORGANIZATIONS AS A WAY TO FURTHER ENSURE PROPER USAGE OF GRANT FUNDS. FORM 990, PART VI, SECTION B, LINE 11 THE TAX RETURN WAS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES EACH MEMBER TO COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES THE SALARY FOR THE EXECUTIVE DIRECTOR BASED ON COMPARABILITY, LENGTH OF EMPLOYMENT, ETC. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, POLICIES, AND FINANCIALS STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST NO CHANGES