2011-01-12T08:17:42-06:00 2010-06-30 Kruggel Lawton & Company LLC 210 S Michigan St Suite 200 South Bend IN 46601 990 2009-07-01 351826870 MARSHALL COUNTY COMMUNITY FOUNDATION INC MARS 5749355159 2701 N Michigan Street Plymouth IN 46563 JENNIFER S MADDOX 5749355159 2010-12-14 1 Douglas K Osthimer 5742894011 2009 2016-02-24 21:20:13Z JENNIFER S MADDOX 2701 N Michigan Street Plymouth IN 46563 9822235 0 X www.marshallcountycf.org X 1991 IN TO RECEIVE AND ACCEPT PROPERTY TO BE ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES, PRIMARILY IN AND FOR THE BENEFIT OF THE PEOPLE OF MARSHALL COUNTY, INDIANA. 28 28 5 71 0 0 836035 439259 148127 159016 327449 -928591 1260 12676 1312871 -317640 760037 573191 0 153687 188395 0 128767 234515 302781 1148239 1064367 164632 -1382007 19220353 21294836 4426369 4725540 14793984 16569296 To serve all of Marshall County, its people and its future, through the growth and administration of endowment funding and philanthropy. 0 0 799830 573191 171692 ADMINISTRATION AND ALLOCATION OF FUNDS RECEIVED FOR CHARITABLE PURPOSES, SCHOLARSHIPS, ART, HUMAN SERVICES, EDUCATIONAL AND HEALTH PROGRAMS. 799830 1 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 5 1 0 0 0 0 0 1 0 0 0 1 0 0 0 28 28 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 IN X X X JENNIFER S MADDOX 5749355159 2701 N MICHIGAN ST PLYMOUTH IN 46563 Fred Anderson 1.00 X 0 0 0 Don Balka 1.00 X 0 0 0 Todd Burch 1.00 X 0 0 0 Michael Burroughs 1.00 X 0 0 0 Judy Delp 1.00 X 0 0 0 Chris Eberly 1.00 X 0 0 0 Bruce Emerick 1.00 X 0 0 0 James Erwin 1.00 X 0 0 0 Kay Finlay 1.00 X 0 0 0 Jerry Gates 1.00 X 0 0 0 Jane Harris 1.00 X 0 0 0 Kevin Hickman 1.00 X 0 0 0 Tammy Houin 1.00 X 0 0 0 Scott Jennings 1.00 X 0 0 0 Derek Jones 1.00 X 0 0 0 Jack Jordan 1.00 X 0 0 0 Carolyn Kline 1.00 X 0 0 0 Bill Langdon 1.00 X 0 0 0 Latham Lawson 1.00 X 0 0 0 Nancy Mahoney 1.00 X 0 0 0 Greg Miller 1.00 X 0 0 0 John Oliver 1.00 X 0 0 0 Robert Pickell 1.00 X 0 0 0 Isabel Sanchez 1.00 X 0 0 0 Sarah Smith 1.00 X 0 0 0 Tom Stiles 1.00 X 0 0 0 Mark Umbaugh 1.00 X 0 0 0 Jon VanDerWeele 1.00 X 0 0 0 Susan Wagner 1.00 X 0 0 0 Jim Weirick 1.00 X 0 0 0 Patti Kitch 2.00 X 0 0 0 Louise Mason 2.00 X 0 0 0 Richard Parker 2.00 X 0 0 0 John Zeglis 2.00 X 0 0 0 Jennifer S Maddox 28.00 X 72127 0 0 72127 0 0 0 0 0 0 0 439259 439259 MANAGEMENT FEES 621110 159016 159016 159016 548784 548784 8662500 10139875 -1477375 -1477375 -1477375 Miscellaneous Revenue 900099 12676 12676 12676 -317640 171692 0 -928591 573191 573191 70843 23264 24242 23337 94025 26942 39233 27850 4894 1490 1884 1520 5584 1700 2151 1733 13049 3974 5024 4051 46590 14188 17937 14465 25171 7665 9691 7815 119249 119249 22147 6744 8527 6876 1325 404 510 411 18123 5519 6977 5627 4609 1404 1774 1431 6000 1827 2310 1863 3112 948 1198 966 1094 333 421 340 3556 1083 1369 1104 4971 1514 1914 1543 DONOR DEVELOPMENT 18740 0 0 18740 Special Events 17476 5322 6728 5426 DUES AND MEMBERSHIP 4357 1327 1677 1353 REPAIRS AND MAINTENANCE 3446 1049 1327 1070 Education AND TRAINING 1165 355 448 362 1650 338 428 884 1064367 799830 135770 128767 148130 604242 269600 193739 31876 22370 10359 9506 17920878 19402850 871386 1084169 0 330 19220353 21294836 22411 11955 135235 70421 4268723 4643164 4426369 4725540 X 13744192 15545876 1049792 1023420 14793984 16569296 19220353 21294836 X 0 1 1 X 0 X 883687 732762 1205229 836035 439259 4096972 883687 732762 1205229 836035 439259 4096972 1045504 3051468 603202 390309 650656 447939 548784 2640890 27663 1260 12676 41599 6779461 807408 0.45010 0.42560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9 1888 8800 440113 1 1 12853659 220678 1833846 331587 10868 43743 14521985 15968364 529647 -3166056 426514 9028 42754 12853659 1.00000 0.00000 0.00000 0 0 31876 22370 9506 9506 FEG Absolute Access Fund LTD 1084169 F 1084169 FUNDS HELD FOR OTHERS 4114380 LIABILITY FOR AMOUNTS HELD IN LEAD TRUST 499583 LIABILITY UNDER UNITRUST AGREEMENT 29201 4643164 -317640 1064367 -1382007 3117369 10733 29217 3157319 1775312 2671643 3117369 10733 3128102 -456459 138819 138819 -317640 896331 25342 25342 870989 193378 193378 1064367 Part V, Line 4: Description of Intended Use of Endowment Funds: The organization's endowments consist of donor-restricted endowment funds for which the organization has been granted variance power. The donor-restricted funds have been opened by individuals or organizations in Marshall County to provide self support, scholarships, income to other not-for-profit organizations, and support to local organizations within the county. Part X: Description of Uncertain Tax Positions Under FIN 48: The Income Taxes Topic of the Financial Accounting Standards Board Accounting Standards Codification (ASC) 740 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements. ASC 740 requires an enterprise to disclose the nature of uncertain tax positions taken, if any, when filing its tax return utilizing a two-step process to recognize and measure any uncertain tax positions taken. The Company recognizes a tax benefit only if it is more likely than not the position would be sustained in a tax examination, with a tax examination being presumed to occur. No tax benefit will be recorded on tax positions not meeting the more likely than not test. ASC 740 applies to nonpublic enterprises for periods beginning after December 15, 2008. Management adopted ASC 740 effective July 1, 2009. The adoption of ASC 740 did not have a material impact on the financial statements. Based on its evaluation, the Organization has concluded that there are no uncertain tax positions requiring recognition in its financial statements. The Organization's evaluation was performed for all federal and state tax periods still subject to examination. Based on its evaluation, the Organization has concluded that there are no uncertain tax positions requiring recognition in its financial statements. The Organization's evaluation was performed for all federal and state tax periods still subject to examination. Part XI, Line 8 - Other Adjustments: Contributions to donor restricted funds governed under SFAS No. 136: 54559. DONATED SERVICES: -10733. Change in value of split-interest agreement: -14609. Part XII, Line 4b - Other Adjustments: Contributions to donor restricted funds governed under SFAS No. 136: 138819. Part XIII, Line 2d - Other Adjustments: Donated services: 10733. Change in value of split-interest agreement: 14609. Part XIII, Line 4b - Other Adjustments: Grant expense from donor restricted funds governed under SFAS No. 136: 193378. 1 Ancilla College 9601 Union Rd Plymouth IN 46563 356071917 501(c)(3) 14815 Scholarships and distributions Argos Dollars for Scholars 18707 Michigan Road Argos IN 46501 237039405 501(c)(3) 7291 Annual distribution for scholarships Ball State University Lucina Hall Room B31 Muncie IN 47306 356000221 501(c)(3) 10750 Scholarships Bourbon Volunteer Fire Department 104 E Park Street Bourbon IN 46504 351762656 501(c)(3) 9000 Purchase thermal imaging camera Bremen Dollars for Scholars PO Box 144 Bremen IN 46506 061250488 501(c)(3) 15953 Scholarships City of Plymouth 124 N Michigan St Plymouth IN 46563 356001166 501(c)(3) 33001 To further public muncipal activities Community Hospital of Bremen Foundation Inc 1020 High Rd PO Box 8 Bremen IN 46506 351813755 501(c)(3) 8330 Purchase portable patient lift system Community Resource Center PO Box 1085 Plymouth IN 46563 262769936 501(c)(3) 50000 To buy land and demolish existing building so they could apply for USDA funding Culver-Union Township Public Library 107 N Main St Culver IN 46511 356005206 501(c)(3) 126525 To close non-permanent fund and annual distribution First United Church of Christ 323 S Center St PO Box 222 Bremen IN 46506 356007177 501(c)(3) 25000 Mission work of the church Heart & Hands Inc PO Box 51 Plymouth IN 46563 352121713 501(c)(3) 11736 To cover operating costs IPUI FW 2101 E Colliseum Blvd Fort Wayne IN 46805 356002041 501(c)(3) 7300 Scholarships Lake Maxinkuckee Environmental Council 116 N Main St PO Box 187 Culver IN 46511 350919825 501(c)(3) 7760 Provide funding for E-Coli testing Marshall County Council on Aging Inc 1305 W Harrison St Plymouth IN 46563 351522711 501(c)(3) 10000 Operating costs and transportation Plymouth Building Trades 315 N Michigan Street Plymouth IN 46563 351436324 501(c)(3) 5886 Annual distribution and scholarship Potawatomi Park Inc 16998 State Road 331 Tippecanoe IN 46570 351547849 501(c)(3) 12176 Support operating of Potawatomi Wildlife Park and picnic tables and grills for park Purdue University 610 Purdue Mall West Lafayette IN 47907 356002041 501(c)(3) 44322 Scholarships Real Services 1151 S Michigan St South Bend IN 46634 351576010 501(c)(3) 7000 Expansion of adult guardian program Saint Joseph's Care Foundation 837 Cedar Street Suite 350 South Bend IN 46617 351654543 501(c)(3) 26460 Annual distribution Triton Educational Foundation 300 Triton Drive Bourbon IN 46504 9000 Scholarships United Way 2701 N Michigan St Plymouth IN 46563 237220922 501(c)(3) 7802 Matching grant money for specific project Women's Care Center 224 N Michigan Street PO Box 703 Plymouth IN 46563 351609945 501(c)(3) 10800 Purchase items for crib club 22 Other Information: Part IV: Grant money is used for purposes defined in each individual fund agreement. The Vice President for Operations and President & CEO review requests for grants when submitted. Form 990, Part V, Line 7b The amount of the benefit received in return for the donation was made readily available to the donor but the calculation of the amount of the charitable deduction allowed under IRS guidelines was not explicitly communicated in a recognition letter. Form 990, Part VI, Section A, line 4 The organization amended the bylaws to add an Asset Development Committee, Human Resources Committee, revise wording to Audit and Stewardship Committee, and minor grammatical changes in the current year. Form 990, Part VI, Section B, line 11 The organization obtains the 990 from the paid tax preparer. Jennifer Maddox, President and CEO, reviews the 990. If Jennifer has comments, she gives them to the tax preparer. After consideration and revision (if necessary), the 990 is sent to the Treasurer. If the Treasurer has any comments, they are discussed with the Executive Director and with the tax preparer. After the Executive Director, the Treasurer, and the tax preparer finalize a draft of the 990, the draft is is sent via e-mail or via United States Postal Service for those members who do not have email accounts. Form 990, Part VI, Section B, line 12c The organization maintains a written conflict of interest policy, which is available to the public upon request. Staff and board members are required to sign new conflict of interest forms every year. The organization then compiles a list and the list is given to the Chairman of the Board. Form 990, Part VI, Section B, line 15 Compensation is decided during initial employment or at the time of annual review. The President and CEO is evaluated on goals that are set at the beginning of the year, and on overall performance. The Board of Directors receives evaluation forms so that everyone can give input. The evaulation forms are gathered by the Personnel Committee. The Personnel Committee analyzes the evaulations and makes a recommendation to the Board of Directors. The Board then meets and dicusses the recommendation, until compensation is agreed upon, for both the bonus awarded for meeting set goals, and for cost of living increase. The Board President then meets with the President and CEO and goes over the evaluation and compensation set by the Board of Directors. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request via email or United States Postal Service. Form 990, Part XI, Line 2c Audit Committee During the current year, the organization implemented an audit committee. The committee is responsible for the oversight of the financial statements of the organization. Form 990, Schedule I-1, Part 1 Federal EIN Triton Educational Foundation never applied for a federal EIN, however the organization has a state identification number. Marshall County Community Foundation, Inc. was not aware of this issue prior to this fiscal year. Marshall County Community Foundation, Inc. ceased distributions to the Triton Educational Foundation immediately once the situation was identified. No further distributions will be made directly to the Triton Educational Foundation. Instead, Marshall County Community Foundation, Inc. will make the distributions for scholarships directly to the institutions of higher learning that are permitted to receive such payments. Form 990, Part VI, Section B, Line 14 Document retention and destruction policy The Organization formally adopted a written document retention policy in August 2009, however, a formal written document destruction policy has not been adopted as of the fiscal year ended June 30, 2010.