2011-02-10T12:16:21-06:00 2010-08-31 Brady Ware & Schoenfeld Inc One Woodside Drive Richmond IN 47374 990 2009-09-01 352034336 Franklin County Community Foundation Inc FRAN 7656476810 527 Main Street Brookville IN 47012 Michelle Lunsford 7656476810 2011-02-10 1 Suzanne K Miller 7659660531 2009 2016-02-24 21:20:13Z Michelle Lunsford 527 Main Street Brookville IN 47012 1006143 0 X www.franklincountyindiana.info X 1998 IN To build permanent partnerships in giving that effectively connect donors & community projects to promote enriched futures for Franklin Co. citizens. 15 15 3 45 0 0 819615 478004 0 -167565 123690 10229 -8663 662279 593031 175064 74477 0 112077 115365 0 23043 188784 179373 475925 369215 186354 223816 2930148 3153963 0 2930148 3153963 To build permanent partnerships in giving that effectively connect donors & community projects to promote enriched futures for Franklin Co. citizens. 0 0 307131 55607 128004 COMMUNITY GRANTS AND COLLEGE SCHOLARSHIPS FOR FRANKLIN COUNTY STUDENTS. 33 SCHOLARSHIPS TO STUDENTS AND 13 GRANTS TO NON-PROFIT ORGANIZATIONS WERE DISTRIBUTED 307131 1 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 3 1 0 0 0 0 0 1 1 0 0 0 15 15 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 IN X X Michelle Lunsford 7656476810 527 Main Street Brookville IN 47012 Dave Cook 1.00 X X 0 0 0 crystal Stuckey 1.00 X X 0 0 0 Dr Jim Rusterholz 1.00 X X 0 0 0 Greg Meier 1.00 X X 0 0 0 Ronald Raver 1.00 X 0 0 0 Kathy Orschell 1.00 X 0 0 0 Dennis Brack 1.00 X 0 0 0 Andrea White 1.00 X 0 0 0 Marge Barrett 1.00 X 0 0 0 Marilyn Roberts 1.00 X 0 0 0 Robert Nau 1.00 X 0 0 0 Dennis Fritz 1.00 X 0 0 0 Kathy Placke 1.00 X 0 0 0 Paul Moster 1.00 X 0 0 0 Jenny Wilz 1.00 X 0 0 0 Michelle Lunsford 40.00 X 34500 0 0 34500 0 0 0 0 0 0 0 23740 106957 347307 478004 73934 73934 8100 8100 8100 8100 365544 315788 49756 49756 49756 51887 23740 83324 -31437 -31437 24360 14000 10360 10360 Miscellaneous 900099 4314 4314 4314 593031 128004 0 -12977 55607 55607 18870 18870 34500 15525 6900 12075 72662 62081 10581 8203 5941 1338 924 9000 9000 10941 5742 2572 2627 8221 4111 1644 2466 6262 3756 1253 1253 1786 1072 357 357 3717 2231 743 743 11756 7054 2351 2351 2614 743 1624 247 Pass thru expenses - St 106957 106957 Asset Management Fee 17441 17441 dues and subscriptions 678 678 369215 307131 39041 23043 50628 59015 1034611 800154 335379 73406 265009 261973 1579900 2032821 2930148 3153963 0 0 X 1327645 1389381 838813 941060 763690 823522 2930148 3153963 2930148 3153963 X 0 1 1 X 0 X 430565 327749 349929 239201 276418 1623862 430565 327749 349929 239201 276418 1623862 69596 1554266 51763 89292 92528 55426 73934 362943 2300 2992 2555 3913 4314 16074 2002879 33474 0.77600 0.76190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9 8798 216047 1 1 1740241 99228 82212 440 17376 1903865 1832526 70945 -145920 2470 14840 1740241 0.36000 0.43000 0.21000 0 0 311478 53397 258081 23901 20009 3892 261973 593031 369215 223816 -1 -1 223815 682455 89825 89825 592630 401 401 593031 459041 89826 89826 369215 0 369215 Part V, Line 4: Description of Intended Use of Endowment Funds: The Foundation has adopted investment 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 and keeping pace with inflation, in order to sustain the operations and grant-making capacity of the Foundation. The Foundation's spending and investment policies work together to achieve this objective. The investment policy establishes a return objective through diversification of asset classes. The current long-term return objective is to return an annual average of 3% to 5%, net of investment fees, plus the rate of inflation. Actual returns in any given year may vary from this amount. Part X: Description of Uncertain Tax Positions Under FIN 48: Uncertainty in Tax Positions - The Foundation has evaluated the tax positions it has taken or expects to take in the course of preparing the Foundation's tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. Generally accepted accounting principles require the benefit arising from an uncertain tax position may be recognized in the financial statements only when it is more likely than not the position will be sustained upon examination, including resolution of any related appeals or litigation processes, based upon the technical merits and consideration of all available information. Once the recognition threshold is met, the portion of the tax benefit that is recorded represents the largest amount of tax benefit that is greater than 50 percent likely to be realized upon settlement with a taxing authority. Based on its review, management does not believe the Foundation has taken any material uncertain tax positions, including any position that would place the Foundation's exempt status in jeopardy as of August 31, 2010. Part XI, Line 8 - Other Adjustments: Rounding: -1. Part XII, Line 2d - Other Adjustments: Canoe Festival expenses: 89825. Part XII, Line 4b - Other Adjustments: FAS 136 Fund activity: 401. Part XIII, Line 2d - Other Adjustments: Canoe Festival expenses: 89825. rounding: 1. Heritage Ball Humanitarian Dinner 11203 3740 7463 7499 Canoe Festival 88784 20000 68784 89825 99987 23740 76247 97324 97324 -21077 24360 14000 1 1.00000 24360 14000 14000 10360 IN 1 0 1 0 1.00000 Michelle Lunsford 527 Main Street Brookville IN 47012 0 0 1 Franklin County Community School Corp 1 Wildcat Lane Brookville IN 47012 351092747 Governmental 30837 Project Lead the Way, Athletic program Oldenburg Academy 1 Twister Circle Oldenburg IN 47036 351816725 501 (c) (3) 15375 Project Lead the Way 1 1 scholarships 33 18870 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: For Scholarship's awarded, the students are required sign and return a Student Agreement Form to the Foundation. This form states the fund that the scholarship is awarded from and the award amount. The student has to accept or decline the award on this form. They also give the Foundation authorization to release information about the scholarship to their school and the media. The student also provides the name of the college or university that they are attending and their study plan and/or major. The student is also required to present proof of enrollment for the upcoming semester. After proof is received, the check is mailed to the student. For Grant awards, the grantees are required to fill out and send a Terms of Grant agreement form to the Foundation. This form states the grant amount, the grantee and the purpose of the grant. The grantee is required to verify project begin date and date the grant funds are needed. Two individuals are required to sign the form. A check and the Grantee Final Report form is mailed to the recipient based on the date the funds are needed. After the project is complete, the Grantee Final Report form is completed and returned to the Foundation. This form requests itemized expenditures (including receipts) regarding the project. It also requests a brief narrative and photos of the completed project. The grantee is questioned as to whether the original proposal guidelines were followed. Form 990, Part VI, Section A, line 6 The members of the Corporation shall be the persons who from time to time are the directors of the Corporation. A person shall serve as a member for the same period as his or her service as a director. A person who becomes a director shall automatically be a member, and such a person who ceases to be a director shall automatically cease to be a member. Each member of the Corporation shall be entitled to one vote on each issue to come before a meeting of the members. Form 990, Part VI, Section A, line 7a The members of the Corporation shall be the persons who from time to time are the directors of the Corporation. A person shall serve as a member for the same period as his or her service as a director. A person who becomes a director shall automatically be a member, and such a person who ceases to be a director shall automatically cease to be a member. Each member of the Corporation shall be entitled to one vote on each issue to come before a meeting of the members. Form 990, Part VI, Section A, line 7b The members of the Corporation shall be the persons who from time to time are the directors of the Corporation. A person shall serve as a member for the same period as his or her service as a director. A person who becomes a director shall automatically be a member, and such a person who ceases to be a director shall automatically cease to be a member. Each member of the Corporation shall be entitled to one vote on each issue to come before a meeting of the members. Form 990, Part VI, Section A, line 8b No committee is authorized to act on behalf of the governing body. Form 990, Part VI, Section B, line 11 The Form 990 will be distributed to the board but there will not be a formal review process. Form 990, Part VI, Section B, line 12c Directors are asked to fill out and sign an Annual Statement of Conflict of Interest and Other Disclosures. Directors recuse themselves from discussion and voting on matters where there is a conflict of interest. Form 990, Part VI, Section B, line 15a Executive Director Performance Evaluation Policy - In addition to ongoing monitoring, the Executive Committee of the Franklin County Community Foundation, Inc. will provide a specific opportunity for the executive director to present a self-evaluation and for the Executive Committee to organize their evaluation of the executive directors performance and have it presented in a face-to-face debriefing with the executive director. At this time, the Executive Committee will present a recommendation to the Board and they will determine any specific, personal performance goals for the year ahead. The executive directors compensation package will also be reviewed during this process and approved by the board using appropriate salary comparison data. Form 990, Part VI, Section C, line 19 The organization's 990 is available on www.guidestar.org. Other documents and policies are available upon request. Form 990, Part XI, Line 1 The organization uses the modified cash method of accounting. Form 990, Part XI, Line 2c There has been no change in the method of selection or the oversight of the independent auditors.