WAYNE COUNTY INDIANA FOUNDATION INC

EIN: 351406033 501(c)(3) Philanthropy & Grantmaking

RICHMOND, IN

Total Revenue
$8,174,768
Total Expenses
$4,374,448
Total Assets
$65,996,640
Net Assets
$65,477,109
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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
IN
Principal Officer
REBECCA GILLIAM
Phone
7659621638
Tax Period
2023-01-01 to 2023-12-31

WAYNE COUNTY INDIANA FOUNDATION INC, founded in 1978, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.2M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 46% operating margin.

Mission

TO FOSTER AND ENCOURAGE PRIVATE PHILANTHROPIC GIVING, TO ENHANCE THE SPIRIT OF COMMUNITY, AND TO IMPROVE THE QUALITY OF LIFE IN THE WAYNE COUNTY, INDIANA, AREA NOW AND FOR FUTURE GENERATIONS.

Program Service Accomplishments

Program 1
Expenses: $2,032,340 Revenue: $622,891

GRANTMAKING: THE WAYNE COUNTY FOUNDATION ADMINISTERS 396 FUNDS TO SUPPORT THE COMMUNITY WITH A WIDE RANGE OF ORGANIZATION-SPECIFIC, DONOR DIRECTED, FIELD OF INTEREST, AND UNRESTRICTED GRANTS. THESE...

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GRANTMAKING: THE WAYNE COUNTY FOUNDATION ADMINISTERS 396 FUNDS TO SUPPORT THE COMMUNITY WITH A WIDE RANGE OF ORGANIZATION-SPECIFIC, DONOR DIRECTED, FIELD OF INTEREST, AND UNRESTRICTED GRANTS. THESE GRANTS SERVE TO ENHANCE AND IMPROVE COMMUNITY LIFE, ADDRESS IDENTIFIED HUMAN SERVICE NEEDS, SUPPORT CULTURAL, SOCIAL, HISTORIC AND EDUCATIONAL ENDEAVORS, AND ENCOURAGE BROAD BASED COMMUNITY DEVELOPMENT. IN EVERY CASE, THEY ARE LEVERAGED THROUGH WAYNE COUNTY'S VIBRANT COMMMUNITY OF NOT-FOR-PROFIT ORGANIZATIONS AND SERVICE PROVIDERS.

Program 2
Expenses: $339,359 Revenue: $302,289

SCHOLARSHIPS: THE WAYNE COUNTY FOUNDATION ADMINISTERS 147 SCHOLARSHIP FUNDS TO HELP QUALIFIED STUDENTS CONTINUE THEIR POST SECONDARY ACADEMIC STUDIES AT COLLEGES, UNIVERSITIES AND TRADE SCHOOLS IN...

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SCHOLARSHIPS: THE WAYNE COUNTY FOUNDATION ADMINISTERS 147 SCHOLARSHIP FUNDS TO HELP QUALIFIED STUDENTS CONTINUE THEIR POST SECONDARY ACADEMIC STUDIES AT COLLEGES, UNIVERSITIES AND TRADE SCHOOLS IN THE COUNTY, THROUGHOUT THE STATE, AND ACROSS THE REGION. IN ADDITION TO DIRECT SUPPORT FOR THOSE STUDENTS SELECTED, THE FOUNDATION'S SCHOLARSHIPS SERVE TO ENCOURAGE ALL STUDENTS TO DO WELL IN THEIR STUDIES. FOUNDATION SCHOLARSHIPS INCLUDE AWARDS FOR SPECIFIC COURSES OF STUDY AT IDENTIFIED INSTITUTIONS OF HIGHER LEARNING, AS WELL AS A NUMBER OF LESS RESTRICTIVE AWARDS TO SUPPORT GENERAL STUDIES.

Program 3
Expenses: $609,710

COMMUNITY DEVELOPMENT: THE FOUNDATION SUPPORTS OR PROVIDES A NUMBER OF PROGRAMS THAT REPRESENT SPECIFIC INITIATIVES TO HELP MOVE THE COMMUNITY FORWARD. THESE INCLUDE A NUMBER OF WORKSHOPS AND...

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COMMUNITY DEVELOPMENT: THE FOUNDATION SUPPORTS OR PROVIDES A NUMBER OF PROGRAMS THAT REPRESENT SPECIFIC INITIATIVES TO HELP MOVE THE COMMUNITY FORWARD. THESE INCLUDE A NUMBER OF WORKSHOPS AND SEMINARS TO HELP BUILD CAPACITY IN THE NOT-FOR-PROFIT COMMUNITY; FOUNDATION-DIRECTED INITIATIVES TO HELP PROMOTE WOMEN'S PHILANTHROPY AND LEADERSHIP DEVELOPMENT; AND FORWARD WAYNE COUNTY, A COLLECTIVE-IMPACT STYLE APPROACH TO BETTER ALIGNING COMMUNITY RESOURCES IN SUPPORT OF SPECEFIC GOALS AND OBJECTIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,517,891
Program Service Revenue $863,377
Investment Income $2,189,429
Other Revenue $604,071
TOTAL REVENUE $8,174,768

Expense Breakdown

Grants Paid $2,371,699
Salaries & Benefits $564,210
Fundraising Expenses $143,558
Program Expenses $2,981,409
Other Expenses $1,438,539
TOTAL EXPENSES $4,374,448

Year-over-Year Comparison

2023 2022 Change
Revenue $8,174,768 $6,007,469 +0.4%
Expenses $4,374,448 $4,182,578 +0.0%
Net Income $3,800,320 $1,824,891 +1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
10
Volunteers
44

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$220,074
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VALERIE SHAFFER MEMBER 1.00
Director
$0 $0 $0
CHRIS KNIGHT PAST TREASURER 1.00
Officer Director
$0 $0 $0
DAVID RODGERS PAST CHAIR 1.00
Officer Director
$0 $0 $0
RAY ONTKO MEMBER 1.00
Director
$0 $0 $0
BRENDA MCLANE VICE CHAIR 1.00
Officer Director
$0 $0 $0
ERIC MARSH MEMBER 1.00
Director
$0 $0 $0
KATHY GIRTEN BOARD CHAIR 1.00
Officer Director
$0 $0 $0
AVIS STEWART MEMBER 1.00
Director
$0 $0 $0
ROB HOUSEMAN AT-LARGE 1.00
Officer Director
$0 $0 $0
JODIE SCHEIBEN MEMBER 1.00
Director
$0 $0 $0
DICK SMITH TREASURER 1.00
Officer Director
$0 $0 $0
BRETT GUILEY MEMBER 1.00
Director
$0 $0 $0
RON HOLDBROOK MEMBER 1.00
Director
$0 $0 $0
CHERI JETMORE MEMBER 1.00
Director
$0 $0 $0
PAUL WITTE MEMBER 1.00
Director
$0 $0 $0
AMY WALTZ FINANCE OFFICER 40.00
Officer
$79,102 $18,155 $97,257
REBECCA GILLIAM EXECUTIVE DIRECTOR 40.00
Officer
$109,389 $13,428 $122,817
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $8,174,768 $4,374,448 $65,996,640 $3,800,320
2022 $6,007,469 $4,182,578 $56,668,703 $1,824,891
2020 $6,471,936 $3,809,622 $59,378,205 $2,662,314
2019 $9,521,795 $3,758,617 $50,511,383 $5,763,178
2018 $8,077,405 $3,252,829 $39,099,003 $4,824,576
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