HARRISON COUNTY COMMUNITY FOUNDATION SUPPORTING ORGANIZATION INC

EIN: 352100908 501(c)(3) Philanthropy & Grantmaking

CORYDON, IN

Total Revenue
$26,976,616
Total Expenses
$9,606,462
Total Assets
$274,452,263
Net Assets
$85,467,446
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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
IN
Principal Officer
JULIE MOORMAN
Phone
8127386668
Tax Period
2024-01-01 to 2024-12-31

HARRISON COUNTY COMMUNITY FOUNDATION SUPPORTING ORGANIZATION INC, founded in 2000, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $27.0M in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.4M, a strong 64% operating margin.

Mission

THE MISSION OF THE HARRISON COUNTY COMMUNITY FOUNDATION IS TO INSPIRE AND ASSIST EVERYONE TO EXPERIENCE PHILANTHROPY, PRODUCING POSITIVE AND SUSTAINABLE GROWTH IN HARRISON COUNTY. HCCF'S VISION IS TO GROW HARRISON COUNTY INTO THE BEST COMMUNITY TO LIVE, WORK AND RAISE A FAMILY. HCCF VALUES GENEROSITY, INTEGRITY, SUSTAINABILITY, STEWARDSHIP, INNOVATION, COLLABORATION, INCLUSION, AND EXCELLENCE.

Program Service Accomplishments

Program 1
Expenses: $9,606,462 Revenue: $16,220

HARRISON COUNTY COMMUNITY FOUNDATION (HCCF) AND THE HARRISON COUNTY COMMUNITY FOUNDATION SUPPORTING ORGANIZATION (HCCF SO) HAVE A UNIQUE HISTORY. IN A RIVERBOAT GAMING DEVELOPMENT AGREEMENT DATED MAY...

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HARRISON COUNTY COMMUNITY FOUNDATION (HCCF) AND THE HARRISON COUNTY COMMUNITY FOUNDATION SUPPORTING ORGANIZATION (HCCF SO) HAVE A UNIQUE HISTORY. IN A RIVERBOAT GAMING DEVELOPMENT AGREEMENT DATED MAY 15, 1996, RDI/CAESARS RIVERBOAT, LLC AGREED WITH THE HARRISON COUNTY, INDIANA, GOVERNMENT TO PROVIDE $5,000,000 TO CREATE THE FOUNDATION. THE AGREEMENT ALSO PROVIDED FOR A CONTINUING TRANSFER OF CONTRIBUTIONS FROM THE CASINO TO THE COMMUNITY FOUNDATION BEGINNING IN 2000. TO MEET THE PUBLIC SUPPORT TEST AND CONTINUE OPERATING AS A PUBLIC FOUNDATION, THE SUPPORTING ORGANIZATION (HCCF SO) WAS ESTABLISHED. THIS HCCF SO IS A PUBLIC BENEFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY TO BENEFIT, PERFORM, AND CARRY OUT THE EXCLUSIVELY PUBLIC, CHARITABLE, SCIENTIFIC, EDUCATIONAL, AND OTHER PURPOSES OF THE HARRISON COUNTY COMMUNITY FOUNDATION, INC. THE BOARD OF DIRECTORS OF HCCF SO IS COMPRISED OF THE SAME SITTING BOARD OF DIRECTORS, INCLUDING OFFICERS, AS HCCF.THE MISSION OF THE HARRISON COUNTY COMMUNITY FOUNDATION IS TO INSPIRE AND ASSIST EVERYONE TO EXPERIENCE PHILANTHROPY, PRODUCING POSITIVE AND SUSTAINABLE GROWTH IN HARRISON COUNTY. HCCF'S VISION IS TO GROW HARRISON COUNTY INTO THE BEST COMMUNITY TO LIVE, WORK AND RAISE A FAMILY. HCCF VALUES GENEROSITY, INTEGRITY, SUSTAINABILITY, STEWARDSHIP, INNOVATION, COLLABORATION, INCLUSION, AND EXCELLENCE.ONGOING CONTRIBUTIONS FROM THE CASINO ARE BASED ON A PERCENTAGE OF GAMING REVENUE AND ARE SPLIT BETWEEN TWO ACCOUNTS IN THE SUPPORTING ORGANIZATION. THE MAJORITY, 75%, GOES INTO THE HARRISON COUNTY COMMUNITY FUND, WHICH THE COUNTY GOVERNMENT USES TO SUPPORT ITS PROGRAMS AND PROJECTS. THE REMAINING 25% IS USED BY THE FOUNDATION TO FUND ITS PROGRAMS AND PROJECTS, SUCH AS GRANT-MAKING AND MATCHING GIFTS. DUE TO THE UNRESTRICTED CONTRIBUTIONS FROM CAESARS SOUTHERN INDIANA, HCCF AND HCCF SO HAVE UNDERTAKEN SEVERAL AMBITIOUS PROJECTS OVER THE YEARS.HCCF SO GRANTS INCLUDE: BATTLE OF CORYDON MEMORIAL PARK COMMITTEE, INC. - $2,000 - 2024 LIVING HISTORY EVENT BOY SCOUT TROOP 4071 - $7,569 - GENERAL EQUIPMENT NEEDS FOR COLD WEATHER CORYDON WRESTLING CLUB, INC. - $5,000 - NEW WRESTLING MAT HARRISON COUNTY SUBSTANCE ABUSE PREVENTION COALITION - $36,500 - PER DIEM PER NIGHT'S STAY AT GENESIS HOUSE JUNIOR ACHIEVEMENT OF KENTUCKIANA INC. - $6,000 - FINANCIAL LITERACY AND CAREER READINESS PROGRAMS LINCOLN HILLS DEVELOPMENT CORPORATION - $25,000 - RENOVATE THE CURRENT PLAYGROUND AT CORYDON HEAD START CENTER MAIN STREET CORYDON INDIANA, INC. - $33,000 - 2024 MAIN STREET CORYDON FAADE ENHANCEMENT PROGRAM TO HISTORICALLY PRESERVE AND PROTECT BUILDINGS WITHIN THE HEART OF DOWNTOWN REPAIR AFFAIR OF HARRISON COUNTY, INC. - $5,000 - ANNUAL REPAIR EVENT THAT COMPLETED WORK ON 30 HOMES SOCIETY OF ST. VINCENT DE PAUL ARCHDIOCESAN COUNCIL OF INDIANAPOLIS - $44,000 - PROVIDE FURNISHINGS, FOOD, AND FINANCIAL ASSISTANCE THE KENTUCKY SCIENCE CENTER - $50,000 - MOBILE STEAM CARTS FOR HARRISON COUNTY SCHOOLS TOWN OF CORYDON - $300,000 - TO DEVELOP AN 8,000 SQUARE-FOOT ALL-WHEEL SKATEPARK YMCA OF HARRISON COUNTY, INC. - $227,786 - PURCHASE STATE-OF-THE-ART FITNESS EQUIPMENTJUMP START PRESCHOOL HCCF SO FUNDED $88,767 TO FUND PRESCHOOL PROGRAMS THAT ADDRESS KINDERGARTEN READINESS FOR CHILDREN FROM LOW-INCOME FAMILIES DURING THE 2023-24 ACADEMIC YEAR. HCCF ALSO COORDINATES WITH THE STATE OF INDIANA'S ON MY WAY PREK PROGRAM TO REACH AS MANY ELIGIBLE FAMILIES AS POSSIBLE. MULTIPLE SITES ARE AVAILABLE THROUGHOUT THE COUNTY. DOCUMENTED RESEARCH DEMONSTRATES THIS PRESCHOOL OPPORTUNITY IS MAKING A POSITIVE DIFFERENCE.DUAL CREDIT HCCF SO FUNDED $118,276 TO SCHOOL CORPORATIONS FOR HARRISON COUNTY HIGH SCHOOL STUDENTS TO PARTICIPATE IN APPROVED COLLEGE DUAL CREDIT CLASSES DURING THE 2023-2024 ACADEMIC YEAR.SCHOLARSHIPSSINCE 1998, HCCF SO HAS PROVIDED FUNDING FOR SCHOLARSHIPS. GRADUATING HIGH SCHOOL STUDENT SCHOLARSHIP RECIPIENTS ARE SELECTED BY A UNIVERSAL SCHOLARSHIP COMMITTEE, WHICH IS COMPRISED OF COMMUNITY VOLUNTEERS, PAST HCCF BOARD MEMBERS, ONE CURRENT HCCF BOARD MEMBER, AND SCHOOL PERSONNEL FROM EACH OF THE FOUR COUNTY HIGH SCHOOLS. ALL SCHOLARSHIPS ARE AWARDED USING OBJECTIVE AND NONDISCRIMINATORY SELECTION PROCESSES. THE BUILDING OUR FUTURE (BOF) SCHOLARSHIPS ARE AWARDED TO HARRISON COUNTY RESIDENTS GRADUATING FROM HIGH SCHOOL. THE BOF RECIPIENTS RECEIVE UP TO $2,500 PER YEAR, RENEWABLE FOR UP TO FOUR YEARS, TOTALING UP TO $10,000 EACH. THE NUMBER OF BOF AWARDS IS DETERMINED ANNUALLY BY THE HCCF BOARD OF DIRECTORS, PRIMARILY BASED ON STUDENT CLASS SIZE, AS REPORTED BY THE HIGH SCHOOLS IN JANUARY. A TOTAL OF $240,000 WAS AWARDED VIA BOF IN 2024.THE FOUNDATION RECOGNIZES THE IMPORTANCE OF ALL POST-SECONDARY EDUCATION, INCLUDING VOCATIONAL AND TRADE PROGRAMS. HCCF SO PROVIDED $40,000 IN FUNDING FOR NON-RENEWABLE VOCATIONAL SCHOLARSHIPS IN 2024.ADULT SCHOLARSHIPSBEGINNING IN 2013, HCCF BEGAN AWARDING ADULT SCHOLARSHIPS. APPLICANTS MUST HAVE RESIDENCE IN HARRISON COUNTY AND BE AT LEAST 25 YEARS OLD AS OF THE APPLICATION DATE TO BE ELIGIBLE. A MAXIMUM OF $5,000 PER RECIPIENT PER CALENDAR YEAR MAY BE AWARDED. APPLICANTS MUST BE WORKING TOWARDS A VOCATIONAL CERTIFICATE, ASSOCIATE DEGREE, OR BACHELOR'S DEGREE. IN 2024, $41,500 WAS AWARDED IN ADULT SCHOLARSHIPS TO 12 ADULTS.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,242,594
Program Service Revenue $14,916
Investment Income $19,717,802
Other Revenue $1,304
TOTAL REVENUE $26,976,616

Expense Breakdown

Grants Paid $7,535,410
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $9,606,462
Other Expenses $2,071,052
TOTAL EXPENSES $9,606,462

Year-over-Year Comparison

2024 2023 Change
Revenue $26,976,616 $15,880,407 +0.7%
Expenses $9,606,462 $8,194,941 +0.2%
Net Income $17,370,154 $7,685,466 +1.3%
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
N/A
Volunteers
27

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
6
$332,850
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNISSA REAS DIRECTOR 0.75
Director
$0 $0 $0
CARRIE SPENCER DIRECTOR 0.75
Director
$0 $0 $0
CHERYL FISHER DIRECTOR 0.75
Director
$0 $0 $0
EMILY SCHNEIDER DIRECTOR 0.75
Director
$0 $0 $0
GRANT GALLANDER DIRECTOR 0.75
Director
$0 $0 $0
JEFF THOMAS DIRECTOR 0.75
Director
$0 $0 $0
JIM KOERBER DIRECTOR 0.75
Director
$0 $0 $0
KELLEY CHURCHILL DIRECTOR 0.75
Director
$0 $0 $0
KELLY MATLOCK DIRECTOR 0.75
Director
$0 $0 $0
LAURIE DUNAWAY DIRECTOR 0.75
Director
$0 $0 $0
LISA STEELE DIRECTOR 0.75
Director
$0 $0 $0
RYAN HANGER DIRECTOR 0.75
Director
$0 $0 $0
TAYLOR JOHNSON CHAIR 0.75
Officer Director
$0 $0 $0
MATT ROTHROCK VICE CHAIR 0.75
Officer Director
$0 $0 $0
CARRIE JOHNSON SECRETARY/TREASURER - PART YEAR 0.75
Officer Director
$0 $0 $0
JEFF SHIREMAN PAST CHAIR - PART YEAR 0.75
Officer Director
$0 $0 $0
JULIE MOORMAN CEO 3.00
Officer
$0 $19,272 $176,720
DERRICK GRIGSBY CFO 3.00
Officer
$0 $16,486 $156,130
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 $26,976,616 $9,606,462 $274,452,263 $17,370,154
2023 $15,880,407 $8,194,941 $254,111,339 $7,685,466
2022 $16,934,105 $4,630,195 $222,828,593 $12,303,910
2021 $18,808,603 $7,745,450 $251,226,152 $11,063,153
2020 $6,947,345 $4,302,377 $214,751,018 $2,644,968
2019 $17,991,574 $6,286,472 $197,203,125 $11,705,102
2018 $18,731,238 $5,643,973 $170,669,261 $13,087,265
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