COMMUNITY FOUNDATION OF WABASH COUNTY INC

EIN: 356019016 501(c)(3) Philanthropy & Grantmaking

NORTH MANCHESTER, IN

Total Revenue
$16,413,318
Total Expenses
$5,935,208
Total Assets
$99,365,618
Net Assets
$93,033,389
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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
IN
Principal Officer
BRIAN HOWENSTINE
Phone
2609824824
Tax Period
2024-01-01 to 2024-12-31

COMMUNITY FOUNDATION OF WABASH COUNTY INC, founded in 1954, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $16.4M in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.5M, a strong 64% operating margin.

Mission

THE COMMUNITY FOUNDATION OF WABASH COUNTY SERVES THE CITIZENS OF WABASH COUNTY BY IMPLEMENTING THEIR CHARITABLE ASPIRATIONS, MAKING GRANTS, INVESTING AND SAFEGUARDING CHARITABLE ASSETS, PROVIDING INFORMATION REGARDING CHARITABLE ENDEAVORS, AND CONVENING CITIZENS AND LINKING RESOURCES TO ADDRESS ISSUES CONFRONTING OUR SHARED LIVES.

Program Service Accomplishments

Program 1
Expenses: $2,557,415 Revenue: $287,756

THE COMMUNITY FOUNDATION ACCEPTS GRANT APPLICATIONS FROM AREA ORGANIZATIONS TWO TIMES A YEAR AND AT ITS DISCRETION WITHOUT ADVICE OR RECOMMENDATIONS FROM A DONOR, OR ANY PERSONS DESIGNATED BY THE...

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THE COMMUNITY FOUNDATION ACCEPTS GRANT APPLICATIONS FROM AREA ORGANIZATIONS TWO TIMES A YEAR AND AT ITS DISCRETION WITHOUT ADVICE OR RECOMMENDATIONS FROM A DONOR, OR ANY PERSONS DESIGNATED BY THE DONOR(S), AWARDS GRANTS FOR CHARITABLE PURPOSES WHICH ENRICH LIFE IN WABASH COUNTY BY RESPONDING TO EMERGING AND CHANGING NEEDS AND BY SUSTAINING EXISTING ORGANIZATIONS AND INSTITUTIONS IN SUPPORT OF ARTS AND CULTURE, COMMUNITY AND CIVIC DEVELOPMENT, HEALTH AND HUMAN SERVICES, EDUCATION, RECREATION, AND THE ENVIRONMENT.

Program 2
Expenses: $448,637 Revenue: $50,480

THE COMMUNITY FOUNDATION PROVIDES GRANTS TO INDIVIDUALS IN THE FORM OF SCHOLARSHIPS. WE ALSO PROVIDE ASSISTANCE TO INDIVIDUALS FOR BASIC NEEDS DURING A TIME OF FINANCIAL CRISIS BROUGHT ON BY A...

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THE COMMUNITY FOUNDATION PROVIDES GRANTS TO INDIVIDUALS IN THE FORM OF SCHOLARSHIPS. WE ALSO PROVIDE ASSISTANCE TO INDIVIDUALS FOR BASIC NEEDS DURING A TIME OF FINANCIAL CRISIS BROUGHT ON BY A MEDICAL CONDITION. THE COMMUNITY FOUNDATION ALSO MAKES GRANTS FROM FIELD OF INTEREST ENDOWMENTS, WHICH PROVIDE SUPPORT FOR SPECIFIED CHARITABLE PURPOSES. GRANTS ARE MADE WITH AND WITHOUT ADVICE OR RECOMMENDATIONS FROM THE DONOR OR ANY PERSON DESIGNATED BY THE DONOR.

Program 3
Expenses: $1,974,371 Revenue: $222,153

THE COMMUNITY FOUNDATION GRANTS TO SPECIFIED PUBLIC CHARITIES AS NAMED BY DONORS OF DESIGNATED ENDOWMENTS. DESIGNATED ENDOWMENTS PROVIDE FINANCIAL SUPPORT IN PERPETUITY TO ORGANIZATIONS WHOSE...

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THE COMMUNITY FOUNDATION GRANTS TO SPECIFIED PUBLIC CHARITIES AS NAMED BY DONORS OF DESIGNATED ENDOWMENTS. DESIGNATED ENDOWMENTS PROVIDE FINANCIAL SUPPORT IN PERPETUITY TO ORGANIZATIONS WHOSE MISSIONS INCLUDE THE ADVANCEMENT OF HEALTH AND HUMAN SERVICES, EDUCATION, FITNESS AND RECREATION, ARTS AND CULTURE, COMMUNITY AND CIVIC DEVELOPMENT, AND THE ENVIRONMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,109,646
Program Service Revenue $565,669
Investment Income $5,703,750
Other Revenue $34,253
TOTAL REVENUE $16,413,318

Expense Breakdown

Grants Paid $4,121,386
Salaries & Benefits $530,831
Fundraising Expenses $77,724
Program Expenses $5,027,347
Other Expenses $1,282,991
TOTAL EXPENSES $5,935,208

Year-over-Year Comparison

2024 2023 Change
Revenue $16,413,318 $9,659,765 +0.7%
Expenses $5,935,208 $5,705,878 +0.0%
Net Income $10,478,110 $3,953,887 +1.7%
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
16
Independent Members
16
Employees
10
Volunteers
15

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
5
$141,209
Total Directors
17
$141,209
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN HOWENSTINE CHAIR 3.00
Officer Director
$0 $0 $0
JIM SMITH VICE CHAIR 3.00
Officer Director
$0 $0 $0
BRIAN PEAS TREASURER 3.00
Officer Director
$0 $0 $0
JIM WIDNER SECRETARY 3.00
Officer Director
$0 $0 $0
JIM CHINWORTH DIRECTOR 1.00
Director
$0 $0 $0
RUSSELL COULTER-KERN DIRECTOR 1.00
Director
$0 $0 $0
BETH GILLESPIE DIRECTOR 1.00
Director
$0 $0 $0
KELSEY JO KESSIE DIRECTOR 1.00
Director
$0 $0 $0
DOUG LEHMAN DIRECTOR 1.00
Director
$0 $0 $0
TODD LYBARGER DIRECTOR 1.00
Director
$0 $0 $0
DAVE MANN DIRECTOR 1.00
Director
$0 $0 $0
SUSAN MANWARING DIRECTOR 1.00
Director
$0 $0 $0
TYLER OLSON DIRECTOR 1.00
Director
$0 $0 $0
JOHN PHILIPPSEN DIRECTOR 1.00
Director
$0 $0 $0
STACY YOUNG DIRECTOR 1.00
Director
$0 $0 $0
TENILLE ZARTMAN DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA GRANT PRESIDENT/CE 40.00
Officer Director
$121,709 $19,500 $141,209
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 $16,413,318 $5,935,208 $99,365,618 $10,478,110
2023 $9,659,765 $5,705,878 $86,192,405 $3,953,887
2022 $13,444,485 $4,226,083 $75,052,845 $9,218,402
2021 $10,746,014 $3,526,883 $77,994,930 $7,219,131
2020 $9,989,702 $4,093,733 $67,696,310 $5,895,969
2019 $7,241,033 $4,152,847 $58,102,867 $3,088,186
2018 $8,289,922 $3,423,335 $47,734,563 $4,866,587
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