2011-09-22T11:00:43-00:00 2010-12-31 Estep Burkey Simmons LLC PO Box 42 Muncie IN 473080042 990 2010-01-01 351769294 Union County Foundation Inc UNIO 7654587664 404 Eaton Street Liberty IN 47353 Sue Cartee 2011-09-22 true Patrick Burkey 7652847554 2011-09-22 2010 2016-03-07 17:11:31Z Sue Cartee 404 Eaton Street Liberty IN 47353 1409375 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. 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. 9 9 3 9 0 46628 109868 59520 56154 4629 172232 681 0 111458 338254 171075 187344 0 55568 54335 0 11226 101105 108059 327748 349738 -216290 -11484 4857041 5184835 62399 61629 4794642 5123206 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 303691 187344 Grants and scholarships are paid out to local business or students from earnings on endowed funds and contributions to the funds. 303691 true true false false false true false false true true true true false false false 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 0 0 true 3 true false false false false false false false false false false X 9 9 false false false false false false false true false false false true true true true true true true true true false IN X X Janice S Cartee 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 0 0 0 Karen Ferrario 001.00 X 0 0 0 Gena Hartman 001.00 X X 0 0 0 Ross Keasling 001.00 X 0 0 0 Arthur Redinger 001.00 X 0 0 0 Gwayne Reed 001.00 X X 0 0 0 Gene Sanford 001.00 X X 0 0 0 LouAnn Kassen 035.00 X 16797 0 0 Janice S Cartee 035.00 X 12325 0 0 29122 false false false 109868 109868 Administrative Fees 541610 56154 56154 56154 184137 184137 1059216 1071121 -11905 -11905 -11905 338254 56154 172232 187344 187344 0 0 0 29122 12553 11975 4594 0 21296 9179 8757 3360 0 0 3917 1688 1611 618 56148 56148 0 6775 6775 0 13536 13536 0 768 768 3904 1562 780 1562 0 0 3016 2413 603 110 110 0 2875 2300 575 0 0 3426 2741 685 4601 3681 920 Repairs and Maintenance 9694 7755 1939 Telephone 2587 1294 776 517 Memberships and Dues 619 619 0 349738 303691 34821 11226 1 277798 176545 163551 80106 85979 83445 3980093 4397419 495427 511996 17743 15430 4857041 5184835 543 1461 54870 52466 6986 7702 62399 61629 X 1761668 1865567 2789410 3008405 243564 249234 4794642 5123206 4857041 5184835 X -11484 340048 X false true true X false X 132100 86432 398405 46628 109868 773433 132100 86432 398405 46628 109868 773433 773433 176050 195002 163411 143944 183870 862277 1635710 0.47280 0.46810 X 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4 2770 1342 60934 true true false 6986 843 127 7702 true 4744161 72376 505883 184601 56148 5081671 4324462 39093 606088 165959 59523 4744161 5010294 383830 -817769 214536 37357 4324462 0.38000 0.04000 0.58000 false false 24000 24000 86242 29218 57024 53309 50888 2421 83445 14977 F Certificates of Deposit 497019 F 511996 338254 349738 -11484 340131 -83 340048 328564 678175 340131 340131 338044 210 210 338254 349611 349611 127 127 349738 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 83. XII 4b Net Agency Fund Transactions 210. XIII 4b Net Agency Fund Transactions 127. true St Andrew Catholic Church 235 S 5th St Richmond IN 47374 350992124 501c3 10863 Programs Maintenance St Michael's Church 145 Saint Michaels Blvd Brookville IN 47012 350867996 501c3 8774 Programs Maintenance 2 Scholarships 64 76884 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 gains 340,764 - Change in value of FASB ASC 958 Agency Funds 716 340,048.