Wayne County Indiana Foundation INC

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The Wayne County, Indiana, Foundation, INC. Exists 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.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Run by 44 volunteers and 9 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $3.6M a year · 45% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$197K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 9.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $2.6M
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.6M
+42% vs prior year
Spent
$5.4M
To programs
70%
Net assets
$75.3M
By yearFY2020–FY2024
Revenue
$11.6M
FY2024▲ +42%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.5M
FY2022$6.0M
FY2023$8.2M
FY2024$11.6M
Expenses
$5.4M
FY2024▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.8M
FY2022$4.2M
FY2023$4.4M
FY2024$5.4M
Net assets
$75.3M
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$58.8M
FY2022$56.1M
FY2023$65.5M
FY2024$75.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1979.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $3.8M Management & general 27% · $1.4M Fundraising 3% · $167K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $197K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$130,600Pt VII · Sec A
Finance Officer
$66,351Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Member
$0Pt VII · Sec A

Rebecca Gilliam’s $131K as Executive Director is at the 9th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Rebecca Gilliam$130,600$109,389$100,886$95,075
Amy Waltz$66,351$79,102$76,483$71,700

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Wayne County Indiana Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fosters local philanthropy, supports nonprofits through capacity-building workshops, and funds community development initiatives to improve the quality of life in Wayne County, Indiana.

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Provided by the organization

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3 programs · $3.8M · in their own filed words · FY2024
01

Grantmaking

The wayne county foundation administers 394 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…

$2.8Mprogram expense
02

Scholarships

The wayne county foundation administers 145 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.

$537Kprogram expense
03

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…

$440Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 305 grants · $9.8M · 2020–2024
Unitemized GrantFY2024$536,874
Seton Catholic High School INCIN · FY2024$153,455
Earlham College INCIN · FY2024$137,000
Richmond Parks and RecreationFY2024$125,030
Richmond Art Museum INCIN · FY2024$124,752
Richmond Civic Theatre INCIN · FY2024$55,664
Every Child Can Read INCIN · FY2024$48,277
Ivy Tech Foundation INCIN · FY2024$47,391
Christ Presyterian ChurchIN · FY2024$42,000
The Winston-Salem FoundationNC · FY2024$40,000
Morrisson-Reeves LibraryFY2024$38,975
See all 305 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$11.6M
Ln 12
Gifts and grantsLn 1h$6.4M
Investment incomeLn 3$4.4M
Fees for servicesLn 2g$667K
Money outPt IX
$5.4M
Ln 25
Programscol B$3.8M
Managementcol C$1.4M
Fundraisingcol D$167K
Owns and owesPt X
$75.3M
net assets · Ln 32
Cash and savingsLn 1–2$4.1M
Total assetsLn 16$76.8M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.4M
Noncash giftsLn 1g$836K
Fundraising eventsLn 1c$38K
Fees for servicesLn 2g$667K
Investment incomeLn 3$4.4M
Other incomeLn 4–11$93K
Gains on assetsLn 7$1.8M
Total revenueLn 12$11.6M
Assets in detailPt X, end of year
SavingsLn 2$4.1M
Cash and savings togetherLn 1–2$4.1M
InvestmentsLn 11–13$71.9M
Land, buildings, equipmentLn 10c$407K
Other assetsLn 15$351K
Total assetsLn 16$76.8M
LiabilitiesLn 26$1.6M
Net assetsLn 32$75.3M
OperationsPt I, VI
EmployeesI 59
VolunteersI 644
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.2M$4.1M
InvestmentsLn 11–13$63.2M$71.9M
Land, buildings, equipmentLn 10c$411K$407K
Total assetsLn 16$66.0M$76.8M
LiabilitiesLn 26$520K$1.6M
Net assetsLn 32$65.5M$75.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.8M$2.8M
Grants to domestic individualsLn 2$537K$537K
Pay of current officers, directors and key staffLn 5$235K$44K$132K$59K
Other salaries and wagesLn 7$273K$180K$73K$21K
Pension plan contributionsLn 8$7K$4K$3K$356
Other employee benefitsLn 9$53K$34K$17K$1K
Payroll taxesLn 10$37K$17K$14K$6K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$23K$23K
OccupancyLn 16$20K$9K$8K$3K
Conferences, conventions and meetingsLn 19$3K$524$2K
Depreciation, depletion and amortizationLn 22$25K$12K$10K$4K
InsuranceLn 23$7K$3K$3K$1K
Other expenses (24a–d)Ln 24$1.3M$135K$1.1M$31K
All other expensesLn 24e$86K$544$45K$40K
Total functional expensesLn 25$5.4M$3.8M$1.4M$167K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $11.6M$5.4M$6.2M$75.3M 990 PDF
FY2023 $8.2M$4.4M$3.8M$65.5M 990 PDF
FY2022 $6.0M$4.2M$1.8M$56.1M 990 PDF
FY2021 Not on file
FY2020 $6.5M$3.8M$2.7M$58.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $11,617,560 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,517,891$6,422,968
I-9 Program service revenuePrior year $863,377$667,023
I-10 Investment incomePrior year $2,189,429$4,434,374
I-11 Other revenuePrior year $604,071$93,195
I-12 Total revenuePrior year $8,174,768$11,617,560
I-13 Grants and similar amounts paidPrior year $2,371,699$3,335,519
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $564,210$605,506
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,438,539$1,427,034
I-18 Total expensesPrior year $4,374,448$5,368,059
I-19 Revenue less expensesPrior year $3,800,320$6,249,501
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $11,617,560 across 11 lines filed
VIII-1c Fundraising events$37,893
VIII-1f All other contributions, gifts and grants$6,385,075
VIII-1g Noncash contributions (included above)$836,319
VIII-1h Total contributions, gifts and grants$6,422,968
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $667,023$667,023
VIII-3 Investment incomeExcluded from tax $2,624,471$2,624,471
VIII-6 Net rental income or lossExcluded from tax $29,740$29,740
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,809,903$1,809,903
VIII-8 Net income from fundraising eventsExcluded from tax $4,877$4,877
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $30,124 · Unrelated business $28,454$58,578
VIII-12 Total revenueRelated to mission $697,147 · Unrelated business $28,454 · Excluded from tax $4,468,991$11,617,560
Part IX · Statement of functional expenses $5,368,059 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $2,798,645$2,798,645
IX-2 Grants to domestic individualsPrograms $536,874$536,874
IX-5 Pay of current officers, directors and key staffPrograms $44,348 · Management $132,003 · Fundraising $59,131$235,482
IX-7 Other salaries and wagesPrograms $179,688 · Management $72,513 · Fundraising $21,090$273,291
IX-8 Pension plan contributionsPrograms $4,285 · Management $2,521 · Fundraising $356$7,162
IX-9 Other employee benefitsPrograms $34,290 · Management $17,380 · Fundraising $1,136$52,806
IX-10 Payroll taxesPrograms $17,112 · Management $13,920 · Fundraising $5,733$36,765
IX-11b Legal feesManagement $1,000$1,000
IX-11c Accounting feesManagement $22,608$22,608
IX-16 OccupancyPrograms $9,402 · Management $7,648 · Fundraising $3,150$20,200
IX-19 Conferences, conventions and meetingsPrograms $524 · Management $2,213$2,737
IX-22 Depreciation, depletion and amortizationPrograms $11,770 · Management $9,574 · Fundraising $3,943$25,287
IX-23 InsurancePrograms $3,387 · Management $2,755 · Fundraising $1,135$7,277
IX-24 Other expenses (24a–d)Programs $134,556 · Management $1,095,661 · Fundraising $31,324$1,261,541
IX-24e All other expensesPrograms $544 · Management $45,345 · Fundraising $40,495$86,384
IX-25 Total functional expensesPrograms $3,775,425 · Management $1,425,141 · Fundraising $167,493$5,368,059
Part X · Balance sheet $76,818,432 assets, 17 lines filed
X-2 Savings and temporary cash investmentsStart of year $2,166,260$4,127,999
X-3 Pledges and grants receivableStart of year $128,595$0
X-9 Prepaid expenses and deferred chargesStart of year $56,090$64,039
X-10c Land, buildings and equipment, netStart of year $411,412$407,366
X-11 Publicly traded securitiesStart of year $60,167,288$68,515,398
X-12 Other securitiesStart of year $3,066,995$3,352,330
X-15 Other assetsStart of year $0$351,300
X-16 Total assetsStart of year $65,996,640$76,818,432
X-17 Accounts payable and accrued expensesStart of year $8,937$3,603
X-18 Grants payableStart of year $326,875$320,050
X-19 Deferred revenue$1,000,000
X-25 Other liabilitiesStart of year $183,719$241,856
X-26 Total liabilitiesStart of year $519,531$1,565,509
X-27 Net assets without donor restrictionsStart of year $63,913,811$73,693,871
X-28 Net assets with donor restrictionsStart of year $1,563,298$1,559,052
X-32 Total net assets or fund balancesStart of year $65,477,109$75,252,923
X-33 Total liabilities and net assetsStart of year $65,996,640$76,818,432
Part XI · Reconciliation of net assets $75,252,923 net assets at year end
XI-1 Total revenue$11,617,560
XI-2 Total expenses$5,368,059
XI-3 Revenue less expenses$6,249,501
XI-4 Net assets at start of year$65,477,109
XI-5 Net unrealized gains (losses) on investments$3,341,940
XI-9 Other changes in net assets$184,373
XI-10 Net assets at end of year$75,252,923

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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