2024-10-28T14:33:49-04:00 2023-12-31 352055043 HUTH THOMPSON LLP PO BOX 970 LAFAYETTE IN 479020970 990 2023-01-01 260074023 BENTON COMMUNITY FOUNDATION INC BENT 7658848022 98 SOUTH 100 EAST FOWLER IN 47944 ANDREA BOWMAN EXECUTIVE DIRECTOR 7658848022 2024-10-24 true true KIMBERLEY R MORISETTE P00337290 7654285000 2024-10-24 2023 2024-10-15 13:58:12Z ROBERT HASSER 98 SOUTH 100 EAST PO BOX 351 FOWLER IN 47944 1613784 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. 9 9 4 35 0 955260 358519 6500 6500 324726 421160 0 1286486 786179 364345 398997 0 118434 123256 0 22814 157765 133226 640544 655479 645942 130700 8453181 9422642 188376 279918 8264805 9142724 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 486647 398997 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. 486647 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 4 0 4 true false false false false false false false false false false false false false false false X 9 9 false false false false false false false true true false false true true true true true true true true false IN X TAMARA COX 7658848022 98 SOUTH 100 EAST FOWLER IN 47944 KATHLEEN MCGINNIS DIRECTOR 1.70 X 0 0 0 CURT PUETZ DIRECTOR 1.70 X 0 0 0 JOHN KRETZMEIER DIRECTOR 1.70 X 0 0 0 ROBERT HASSER PRESIDENT 1.70 X X 0 0 0 JOE SENESAC DIRECTOR 1.70 X 0 0 0 SAMANTHA TABERT SECRETARY 1.70 X X 0 0 0 ALICE THURSTON DIRECTOR 1.70 X 0 0 0 CHRISTIE WRIGHT DIRECTOR 1.70 X 0 0 0 SARA WEBER DIRECTOR 1.70 X 0 0 0 ANDREA BOWMAN EXECUTIVE DI 40.00 X X 63788 0 2527 63788 2527 false false false 358519 4043 358519 MGMT/ADMIN FEE INCOME:LILLY S 900099 6500 6500 6500 384058 384058 864707 827605 37102 37102 37102 786179 6500 421160 243327 243327 155670 155670 66315 25115 19224 21976 45747 9350 36397 1793 1793 9401 1257 7306 838 14900 14900 24474 24474 1689 216 1473 6415 24 6391 15832 15832 4043 4043 701 701 50 50 3453 3453 6109 525 5584 PROGRAM EXPENSE 33079 29998 3081 EVENT EXPENSES 19961 18902 1059 PLANNING GRANT EXPENSE 1500 1500 ONLINE FEES 803 726 77 217 37 180 655479 486647 146018 22814 116945 164036 684730 416113 1200 4259 5055 4634 23473 17233 9694 6240 7635557 8827360 8453181 9422642 24014 36912 164362 194506 48500 188376 279918 X 4507294 4996549 3757511 4146175 8264805 9142724 8453181 9422642 X 130700 749258 -2039 X false true X true false X 584224 623284 386113 955260 358519 2907400 584224 623284 386113 955260 358519 2907400 622824 2284576 239892 221633 298851 340082 384058 1484516 4391916 36500 0.52020 0.52750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4 1650 21600 856037 true true 3489532 21609 522401 206232 -5285 3832595 4236055 73273 -613446 213495 -7145 3489532 3767424 253538 476700 181971 79636 4236055 3313639 59519 384162 176720 -186824 3767424 2625323 254482 519774 11996 73945 3313639 0.05090 0.35050 0.59860 false false 23473 17233 6240 6240 X 1513364 749258 4800 754058 759306 24474 2399 26873 786179 635445 4800 4800 630645 24474 360 24834 655479 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 2020 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 2,399 SCHEDULE D, PAGE 4, PART XII, LINE 4B FASB 136 EXPENSE 360 true COMMUNITY ACTION PROGRAM PO BOX 445 OXFORD IN 47971 356062298 501C3 5431 DISASTER RELIEF & HE JUNIOR ACHIEVEMENT 3001 S CREASY LN LAFAYETTE IN 47905 350922731 501C3 6000 EDUCATION CLASSES PRAIRIE PRESERVATION GUILD LTD 111 E 5TH STREET FOWLER IN 47944 352150761 501C3 7000 FOWLER THEATRE OTTERBEIN UNITED METHODIST CHURCH 405 E OXFORD ST OTTERBEIN IN 47970 351456041 501C3 7000 REPLACE CARPET IN CO BENTON COMMUNITY SCHOOL CORPORATION PO BOX 512 FOWLER IN 47944 351078526 GOV 7307 READING & WRITING DISCOVER OXFORD INDIANA INC PO BOX 52 OXFORD IN 47971 352778949 501C3 7592 ENDOWMENT GRANT OAK GROVE HERITAGE HOUSE PO BOX 161 OXFORD IN 47971 311089387 501C3 9000 EXTERIOR REPAIRS- WI BOSWELL PUBLIC LIBARARY 101 E MAIN ST BOSWELL IN 47921 356000273 GOV 11734 ROOF MAINTENANCE TOWN OF OXFORD PO BOX 54 OXFORD IN 47971 GOV 15743 SCOREBOARD FOR ROMME FOWLER SENIOR CENTER 218 E 5TH ST FOWLER IN 47944 237376965 501C3 16000 BUILDING REPAIR BENTON COUNTY SHERIFF'S DEPARTMENT 105 S LINCOLN AVE FOWLER IN 47944 GOV 20000 EQUIPMENT COMMUNITY FOOD AND SERVICE CO-OP PO BOX 298 OXFORD IN 47971 356062298 501C3 23080 EQUIPMENT AND SMALL OXFORD COMMUNITY BASEBALL AND SOFTB PO BOX 86 OXFORD IN 479710024 261825060 501C3 25000 BASEBALL/SOFTBALL EARL PARK FALL FESTIVAL FOUNDATION PO BOX 123 EARL PARK IN 47942 351995964 501C3 25000 EARL PARK ADVENTURE 9 5 INCENTIVES CHAMPION 529 118 5900 SCHOLARSHIP EXPENSE 65 149770 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 - TAX ONLY -2,039