2023-11-10T16:34:09-05:00 2022-12-31 352055043 HUTH THOMPSON LLP PO BOX 970 LAFAYETTE IN 479020970 990 2022-01-01 260074023 BENTON COMMUNITY FOUNDATION INC BENT 7658848022 98 SOUTH 100 EAST FOWLER IN 47944 ANDREA BOWMAN EXECUTIVE DIRECTOR 7658848022 2023-11-09 true ANDREA BOWMAN 999009999 true KIMBERLEY R MORISETTE P00337290 7654285000 2023-11-09 2022 2023-04-26 12:10:37Z BARBARA CREEK 98 SOUTH 100 EAST PO BOX 351 FOWLER IN 47944 1867541 false X WWW.BENTONCF.ORG X 2003 IN THE MISSION OF BENTON COMMUNITY FOUNDATION IS TO ENHANCE THE QUALITY OF LIFE IN BENTON COUNTY THROUGH CIVIC LEADERSHIP, PHILANTHROPY, AND CHARITABLE ECONOMIC DEVELOPMENT INITIATIVES. 10 10 3 35 0 489690 955260 8500 6500 542443 324726 0 1040633 1286486 250502 364345 0 108606 118434 0 22249 114137 157765 473245 640544 567388 645942 9403442 8453181 247582 188376 9155860 8264805 THE MISSION OF BENTON COMMUNITY FOUNDATION IS TO ENHANCE THE QUALITY OF LIFE IN BENTON COUNTY THROUGH CIVIC LEADERSHIP, PHILANTHROPY, AND CHARITABLE ECONOMIC DEVELOPMENT INITIATIVES. false false 469801 364345 6500 COMMUNITY GRANTS - PROVIDE GRANTS AND TECHNICAL ASSISTANCE TO IMPROVE THE LIVES OF BENTON COUNTY RESIDENTS. THESE COMMUNITY GRANTS INCLUDE THE DOLLY PARTON IMAGINATION LIBRARY WHICH INCREASES LITERACY FOR NEARLY 200 TODDLERS IN BENTON COUNTY AND THE COUNCIL FOR ACADEMIC EXCELLENCE WHICH AWARDS 500 SCHOLARSHIPS FOR STUDENTS FOR EXCELLENT ACADEMIC ACHIEVEMENT. 469801 true true false false false true false false false true true false false false false true 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 true 3 0 3 true false false false false false false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true true false IN X ANDREA BOWMAN 7658848022 98 SOUTH 100 EAST PO BOX 351 FOWLER IN 47944 BARBARA CREEK PRESIDENT 3.00 X X 0 0 0 KATRINA MOLTER SECRETARY 3.00 X X 0 0 0 JOHN KRETZMEIER DIRECTOR 1.00 X 0 0 0 ROBERT HASSER DIRECTOR 2.00 X 0 0 0 JOE SENESAC DIRECTOR 1.00 X 0 0 0 JESSICA STRASBURGER DIRECTOR 1.00 X 0 0 0 SAMANTHA TABERT DIRECTOR 2.00 X 0 0 0 ALICE THURSTON DIRECTOR 3.00 X 0 0 0 CHRISTIE WRIGHT DIRECTOR 1.00 X 0 0 0 SARA WEBER DIRECTOR 1.00 X 0 0 0 ANDREA BOWMAN EXECUTIVE DI 40.00 X X 62233 0 1867 62233 1867 false false false 955260 3384 955260 MGMT/ADMIN FEE INCOME:LILLY S 900099 6500 6500 6500 340082 340082 565699 576055 5000 -10356 -5000 -15356 -15356 1286486 -8856 340082 242272 242272 122073 122073 64100 24493 18176 21431 44105 9022 35083 1453 1453 8776 1576 6382 818 22 22 13885 13885 23484 23484 8026 640 7386 15362 15362 3384 3384 970 14 956 2213 2213 3900 3900 4887 4887 PROGRAM EXPENSE 54479 51979 2500 GATHERING EXPENSE 9821 9821 EVENT EXPENSES 9011 6429 2582 DEVELOPMENT:MARKETING/ADV 5480 452 5028 2841 1030 1811 640544 469801 148494 22249 191890 116945 548348 684730 1200 3570 5055 23473 13779 18593 9694 8641041 7635557 9403442 8453181 31217 24014 216365 164362 247582 188376 X 4709791 4507294 4446069 3757511 9155860 8264805 9403442 8453181 X 645942 -1541071 4074 X false true true false X 335929 584224 623284 386113 955260 2884810 335929 584224 623284 386113 955260 2884810 625694 2259116 297357 239892 221633 298851 340082 1397815 4282625 37500 0.52750 0.47280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4 360 19210 778395 true true 4236055 73273 -613446 213495 -7145 3489532 3767424 253538 476700 181971 79636 4236055 3313639 59519 384162 176720 -186824 3767424 2625323 254482 519774 11996 73945 3313639 3038252 -12602 -166018 161083 73226 2625323 0.05320 0.38500 0.56180 false false 23473 13779 9694 9694 X -264565 -1541071 4800 -1536271 1271706 23484 -8704 14780 1286486 626490 4800 4800 621690 23484 -4630 18854 640544 SCHEDULE D, PAGE 2, PART V, LINE 4 GRANTS AND DISTRIBUTIONS FROM THE FOUNDATION'S ENDOWMENT FUNDS ARE USED TO ENHANCE THE QUALITY OF LIFE IN BENTON COUNTY THROUGH CIVIC LEADERSHIP AND PHILANTHROPY. SCHEDULE D, PAGE 3, PART X ACCOUNTING STANDARDS REQUIRES ENTITIES TO DISCLOSE IN THEIR FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTIES IN THEIR TAX POSITION. TAX YEARS INCLUDING 2019 AND LATER ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES. AREAS THAT IRS AND STATE TAX AUTHORITIES CONSIDER WHEN EXAMINING TAX RETURNS OF A CHARITY INCLUDE, BUT MAY NOT BE LIMITED TO, TAX-EXEMPT STATUS AND THE EXISTENCE AND AMOUNT OF UNRELATED BUSINESS INCOME. THE FOUNDATION DOES NOT BELIEVE THAT IT HAS ANY UNCERTAIN TAX POSITIONS WITH RESPECT TO THESE OR OTHER MATTERS AND HAS NOT RECORDED ANY UNRECOGNIZED TAX LIABILITIES FOR PENALTIES OR INTEREST. THE FOUNDATION IS NOT AWARE OF ANY CIRCUMSTANCES OR EVENTS THAT MAKE IT REASONABLY POSSIBLE THAT TAX BENEFITS MAY INCREASE OR DECREASE WITHIN TWELVE MONTHS OF THE DATE OF THESE FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XI, LINE 4B FASB 136 INCOME -3,704 LOSS ON ASSET SALE -5,000 SCHEDULE D, PAGE 4, PART XII, LINE 4B FASB 136 EXPENSE 370 LOSS ON ASSET SALE -5,000 true BENTON COMMUNITY SCHOOL CORPORATION PO BOX 512 FOWLER IN 47944 351078526 GOV 10025 READING & WRITING OTTERBEIN PUBLIC LIBRARY 23 E FIRST ST PO BOX 550 OTTERBEIN IN 47970 356006220 GOV 8500 ESPORTS FOR YOUTH BORROWED TIME EAP 1699 N US HIGHWAY 41 FOWLER IN 47944 842653488 501C3 25000 EQUINE THERAPY PRAIRIE PRESERVATION GUILD LTD 111 E 5TH STREET FOWLER IN 47944 352150761 501C3 15000 FOWLER THEATRE TOWN OF BOSWELL 108 EAST MAIN STREET BOSWELL IN 47921 GOV 13000 BASKETBALL COURT BOSWELL-GRANT TOWNSHIP FIRE DEPT 307 EAST NORTH STREET BOSWELL IN 47921 GOV 10000 MATCHING GRANT EARL PARK VOLUNTEER FIRE DEPT 123 WEST 5TH STREET EARL PARK IN 47942 GOV 10000 MATCHING GRANT HICKORY GROVE TWP FIRE DEPT 115 N THIRD STREET AMBIA IN 47917 GOV 10000 MATCHING GRANT OTTERBEIN VOLUNTEER FIREFIGHTERS 7628 S 1150 E OTTERBEIN IN 47970 863745783 501C3 10000 MATCHING GRANT BENTON COUNTY EMERGENCY MEDICAL 604 E 2ND STREET FOWLER IN 47944 GOV 10000 PASS THRU FROM BP BENTON CENTRAL JR-SR HIGH SCHOOL 4241 E 300 S OXFORD IN 47971 GOV 17000 HIGH SCHOOL MEDIA BENTON CENTRAL HELPING HANDS CLUB 4241 E 300 S OXFORD IN 47971 GOV 5500 BACK PACK PROGRAM PRAIRIE CROSSING ELEMENTARY 2758 S 400 E OXFORD IN 47971 GOV 5500 BACK PACK PROGRAM 3 10 SCHOLARSHIP EXPENSE 61 122073 SCHEDULE I, PAGE 1, PART I, LINE 2 GRANTS TO ORGANIZATIONS ONCE APPROVED BY THE BOARD OF DIRECTORS, GRANTEES ARE NOTIFIED OF THEIR AWARD AND ASKED TO SIGN A GRANT AGREEMENT FORM. GRANTS TO REGISTERED CHARITITES, EDUCATIONAL, OR GOVERNMENTAL ENTITIES ARE DISBURSED PAYMENT IMMEDIATELY. GRANT TO ALL OTHER ENTITIES ARE REIMBURSED FOR GRANT-RELATED EXPENSES ONCE THEY PRESENT INVOICES TO THE FOUNDATION. ALL GRANT RECIPIENTS ARE REQUIRED TO SUBMIT A FINAL REPORT, DETAILING GRANT-RELATED INCOME AND EXPENSES, AT THE CONCLUSION OF THE GRANT TERM OR PROJECT, WHICHEVER COMES FIRST. THIS REPORT IS VERIFIED BY THE DIRECTOR TO VERIFY ALL AWARDED FUNDS WERE USED IN ACCORDANCE WITH THE GRANT AGREEMENT. GRANTS/SCHOLARSHIPS TO INDIVIDUALS ONCE APPROVED BY THE BOARD OF DIRECTORS, SCHOLARSHIP RECIPIENTS ARE NOTIFIED OF THEIR AWARD(S). THEY ARE ASKED TO COMPLETE, AND RETURN TO THE FOUNDATION, A SCHOLARSHIP AGREEMENT FORM OUTLINING THE TERMS OF THE AWARD. TO RECEIVE PAYMENT, RECIPIENTS MUST FORWARD THEIR MOST RECENT TUITION BILL TO THE FOUNDATION. THE FOUNDATION THEN SUBMITS PAYMENT OF THEIR AWARD DIRECTLY TO THE HIGHER EDUCATION INSTITUTION TO BE APPLIED TO THE RECIPIENT'S ACCOUNT. IN SOME INSTANCES, STUDENTS' SCHOLARSHIP AWARDS EXCEED THE AMOUNT DUE TO THEIR INSTITUTION. THESE STUDENTS ARE ALLOWED TO SUBMIT A REQUEST, INCLUDING PROOF OF PURCHASE, TO BE REIMBURSED FOR TEXTBOOKS AND OTHER REQUIRED SUPPLIES THEY HAVE PURCHASED. THESE CHECKS ARE MADE PAYABLE DIRECTLY TO THE STUDENT. SCHOLARSHIP PAYMENTS MAY BE MADE TO STUDENTS COLLEGE CHOICE 529 SAVINGS ACCOUNTS WHEN A STUDENT PROVIDES BCF WITH THEIR UGIFT CODE. PAYMENTS ARE MADE THROUGH UGIFT529.COM. THESE FUNDS CAN ONLY BE USED FOR QUALIFIED HIGHER EDUCATION EXPENSES. FORM 990, PAGE 6, PART VI, LINE 11B 990 WILL BE SENT IN THE BOARD PACKET AND HIGHLIGHTS WILL BE DISCUSSED IN BOARD MEETING, PRIOR TO SUBMISSION TO THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C ALL CONFLICTS ARE DISCLOSED IN WRITING AND VERBALLY AT THE BEGINNING OF THE YEAR. CONFLICTS ARE AGAIN DISCLOSED IF THEY ARISE DURING OUR BUSINESS TRANSACTIONS. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE DIRECTOR PERFORMS A SELF-EVALUATION WHICH IS PROVIDED TO THE BOARD FOR THEIR REVIEW. THE BOARD MAKES COMPENSATION RECOMMENDATIONS BASED ON THAT REVIEW, A CONVERSATION BETWEEN THE EXECUTIVE DIRECTOR AND BOARD OFFICERS, AND A STATE-WIDE COMMUNITY FOUNDATION COMPENSATION SURVEY. FORM 990, PAGE 6, PART VI, LINE 15B EXECUTIVE DIRECTOR DOES AN ORAL PERFORMANCE EVALUATION WITH STAFF AND SHARES WITH BOARD. EXECUTIVE DIRECTOR MAKES COMPENSATION RECOMMENDATION TO BOARD WHO, USING STATE-WIDE COMMUNITY FOUNDATION SURVEY, DETERMINE COMPENSATION RATE. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 FASB 136 INCOME 3,704 LOSS ON ASSET SALE 5,000 FASB 136 EXPENSE 370 LOSS ON ASSET SALE -5,000 TOTAL 4,074