Owen County Community Foundation FY2023 filing

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The Owen County Community Foundation is committed to enhancing the quality of life for all citizens of Owen County, now and for generations to come. To be the trustworthy resource for philanthropy by building a permanent endowment, addressing needs through grantmaking, and providing leadership resources to serve our Community.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$97K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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 5
filings with a surplus
Average surplus $1.2M a year · 48% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$97K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $12.1M in investments, Pt X · Ln 11–13
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $808K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$410K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+78% vs prior year
Spent
$997K
To programs
73%
Net assets
$12.2M
By yearFY2020–FY2024
Revenue
$1.6M
FY2023▲ +78%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$2.9M
FY2022$922K
FY2023$1.6M
FY2024$5.2M
Expenses
$997K
FY2023▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2020$890K
FY2021$1.1M
FY2022$1.2M
FY2023$997K
FY2024$2.1M
Net assets
$12.2M
FY2023▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.8M
FY2021$12.0M
FY2022$10.0M
FY2023$12.2M
FY2024$15.7M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1995.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $730K Management & general 12% · $123K Fundraising 14% · $144K

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

16 people listed on the 990; $97K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$97,057Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Janet Rummel’s $97K as President/CEO is at the 28th percentile of top reported officer pay among 1690 $1–10M 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

NameFY2024FY2023FY2022FY2021FY2020
Janet Rummel$97,200$97,057$93,746$79,550—
Mark E Rodgers————$73,031

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 Owen County Community Foundation executive salaries →

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

Builds endowments and grants funds to improve community life and address local needs.

Questions for Owen County Community Foundation

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1 program · $730K · in their own filed words · FY2023
01

Grants and Scholarships

Achievement of this program's purpose provides support for organizations performing charitable work in owen county to help make our communities become better places to grow, work and live as well as to help these groups remain relevant over time and responsive to changing circumstances.

$730Kprogram 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 5 funders →
Grants paid · 76 grants · $2.7M · 2020–2024
Town of SpencerFY2024$882,665
Unitemized GrantFY2024$107,335
Owen News Project INCIN · FY2024$35,282
La Campagne Ministries INCIN · FY2024$30,756
Individual RecipientFY2024$26,134
Spencer PrideIN · FY2024$18,041
The Mark of Discipleship INCIN · FY2024$13,618
Spencer Main Street INCIN · FY2024$12,276
Owen County Chamber of Commerce & EdcFY2024$12,227
Town of GosportFY2024$9,424
Owen Valley High SchoolFY2024$8,883
Friends of Riverside INCIN · FY2024$7,999
Individual RecipientFY2024$7,098
Freedom Community CenterFY2024$6,678
Owen County Public LibraryFY2024$6,598
Garrard Chapel Food PantryFY2024$6,428
See all 76 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$103K
Fees for servicesLn 2g$1K
Money outPt IX
$997K
Ln 25
Programscol B$730K
Managementcol C$123K
Fundraisingcol D$144K
Owns and owesPt X
$12.2M
net assets · Ln 32
Cash and savingsLn 1–2$241K
Total assetsLn 16$12.6M
LiabilitiesLn 26$410K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Noncash giftsLn 1g$952K
Fundraising eventsLn 1c$24K
Fees for servicesLn 2g$1K
Investment incomeLn 3$103K
Gains on assetsLn 7−$397K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$177K
SavingsLn 2$64K
Cash and savings togetherLn 1–2$241K
Notes and loans receivableLn 7$83K
Land, buildings, equipmentLn 10c$17K
InvestmentsLn 11–13$12.1M
Other assetsLn 15$179K
Total assetsLn 16$12.6M
LiabilitiesLn 26$410K
Net assetsLn 32$12.2M
OperationsPt I, VI
EmployeesI 59
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$952K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$30K
Share of the $11.2M endowmentSch D 1g0.27%
Typical, median of 1,806 orgs0.44%
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$11.2M$9.5M$11.4M$8.9M$8.0M
Given inLn 1b$848K$369K$1.4M$381K$793K
SpentLn 1d–1f$609K$798K$310K$313K$365K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$256K$241K
InvestmentsLn 11–13$9.8M$12.1M
Land, buildings, equipmentLn 10c$24K$17K
Total assetsLn 16$10.3M$12.6M
LiabilitiesLn 26$305K$410K
Net assetsLn 32$10.0M$12.2M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$478K$478K
Grants to domestic individualsLn 2$132K$132K
Pay of current officers, directors and key staffLn 5$97K$26K$30K$41K
Other salaries and wagesLn 7$104K$28K$32K$44K
Other employee benefitsLn 9$34K$9K$11K$14K
Payroll taxesLn 10$15K$4K$5K$6K
Investment management feesLn 11f$30K$30K
Other fees for servicesLn 11g$37K$30K$7K
Advertising and promotionLn 12$3K$628$2K
Office expensesLn 13$20K$5K$2K$13K
OccupancyLn 16$19K$6K$6K$7K
TravelLn 17$852$384$85$383
Conferences, conventions and meetingsLn 19$2K$592$394$986
Depreciation, depletion and amortizationLn 22$8K$3K$3K$3K
InsuranceLn 23$7K$2K$3K$2K
Other expenses (24a–d)Ln 24$9K$4K$2K$4K
Total functional expensesLn 25$997K$730K$123K$144K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Sep 9, 2025 $5.2M$2.1M$3.1M$15.7M 990 PDF
FY2023 ViewingFiled with the IRS Nov 7, 2024 $1.6M$997K$641K$12.2M 990 PDF
FY2022Filed with the IRS Oct 31, 2023 $922K$1.2M−$240K$10.0M 990 PDF
FY2021Filed with the IRS Nov 11, 2022 $2.9M$1.1M$1.8M$12.0M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $1.5M$890K$601K$9.8M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,637,876 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $640,195$1,534,211
I-9 Program service revenuePrior year $12,618$1,075
I-10 Investment incomePrior year $269,792$102,693
I-11 Other revenuePrior year −$854−$103
I-12 Total revenuePrior year $921,751$1,637,876
I-13 Grants and similar amounts paidPrior year $698,498$610,707
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $303,973$250,371
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $158,944$136,159
I-18 Total expensesPrior year $1,161,415$997,237
I-19 Revenue less expensesPrior year −$239,664$640,639
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $1,637,876 across 9 lines filed
VIII-1c Fundraising events$24,408
VIII-1f All other contributions, gifts and grants$1,509,803
VIII-1g Noncash contributions (included above)$952,085
VIII-1h Total contributions, gifts and grants$1,534,211
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,075$1,075
VIII-3 Investment incomeExcluded from tax $499,823$499,823
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$397,130−$397,130
VIII-8 Net income from fundraising eventsExcluded from tax −$103−$103
VIII-12 Total revenueRelated to mission $1,075 · Unrelated business $0 · Excluded from tax $102,590$1,637,876
Part IX · Statement of functional expenses $997,237 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $478,407$478,407
IX-2 Grants to domestic individualsPrograms $132,300$132,300
IX-5 Pay of current officers, directors and key staffPrograms $26,205 · Management $30,088 · Fundraising $40,764$97,057
IX-7 Other salaries and wagesPrograms $28,049 · Management $32,204 · Fundraising $43,632$103,885
IX-9 Other employee benefitsPrograms $9,228 · Management $10,595 · Fundraising $14,355$34,178
IX-10 Payroll taxesPrograms $4,118 · Management $4,728 · Fundraising $6,405$15,251
IX-11f Investment management feesPrograms $30,109$30,109
IX-11g Other fees for servicesManagement $29,798 · Fundraising $7,449$37,247
IX-12 Advertising and promotionPrograms $628 · Fundraising $1,885$2,513
IX-13 Office expensesPrograms $4,882 · Management $2,415 · Fundraising $12,722$20,019
IX-16 OccupancyPrograms $6,340 · Management $6,369 · Fundraising $6,502$19,211
IX-17 TravelPrograms $384 · Management $85 · Fundraising $383$852
IX-19 Conferences, conventions and meetingsPrograms $592 · Management $394 · Fundraising $986$1,972
IX-22 Depreciation, depletion and amortizationPrograms $2,509 · Management $2,508 · Fundraising $2,584$7,601
IX-23 InsurancePrograms $2,467 · Management $2,540 · Fundraising $2,466$7,473
IX-24 Other expenses (24a–d)Programs $3,712 · Management $1,719 · Fundraising $3,731$9,162
IX-25 Total functional expensesPrograms $729,930 · Management $123,443 · Fundraising $143,864$997,237
Part X · Balance sheet $12,582,078 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $181,813$176,560
X-2 Savings and temporary cash investmentsStart of year $74,638$63,987
X-3 Pledges and grants receivableStart of year $35,326$0
X-4 Accounts receivableStart of year $306$0
X-7 Notes and loans receivable$83,000
X-10c Land, buildings and equipment, netStart of year $24,391$16,790
X-11 Publicly traded securitiesStart of year $9,802,752$12,062,610
X-15 Other assetsStart of year $188,805$179,131
X-16 Total assetsStart of year $10,308,031$12,582,078
X-17 Accounts payable and accrued expensesStart of year $2,735$7,008
X-18 Grants payableStart of year $22,898$51,084
X-21 Escrow or custodial accountsStart of year $43,473$69,528
X-23 Secured mortgages and notes payable$41,500
X-25 Other liabilitiesStart of year $236,254$240,666
X-26 Total liabilitiesStart of year $305,360$409,786
X-27 Net assets without donor restrictionsStart of year $740,707$797,450
X-28 Net assets with donor restrictionsStart of year $9,261,964$11,374,842
X-32 Total net assets or fund balancesStart of year $10,002,671$12,172,292
X-33 Total liabilities and net assetsStart of year $10,308,031$12,582,078
Part XI · Reconciliation of net assets $12,172,292 net assets at year end
XI-1 Total revenue$1,637,876
XI-2 Total expenses$997,237
XI-3 Revenue less expenses$640,639
XI-4 Net assets at start of year$10,002,671
XI-5 Net unrealized gains (losses) on investments$1,554,340
XI-9 Other changes in net assets−$25,358
XI-10 Net assets at end of year$12,172,292

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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