Fayette County Foundation INC EIN 35-2232770 Form 990 (PDF) Claim this org

Fayette County Foundation INC

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Inspires philanthropy by improving Fayette County's quality of life through grants and leadership. For fiscal year 2024 it reported $4.2M in revenue, $886K in expenses, and $20.0M in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Connersville, IN
Website
www.givetofcf.com
Filings
5 on file (2020–2024)
Revenue
$4.2MFY2024
Expenses
$886K
Net assets
$20.0M
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  35-2232770 Public foundation / grantmaker Connersville, IN
Form 990 (PDF)
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Figures match the IRS filing checked 8/25/26 · see original: IRS
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Size
$1–10M
What they do
Inspires philanthropy by improving Fayette County's quality of life through grants and leadership.
Leadership
Abigail Roszell · Executive Director · $62K
Money in and out
$4.2M revenue, $886K expenses
Bottom line
63% program efficiency
Grants paid & assets · FY2024
Total revenue
$4.2M
Pt VIII · Ln 12
Total expenses
$886K
Pt IX · Ln 25
Net assets
$20.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.4M
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.27 Fundraising $0.10
Program efficiency
63%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
252.8mo
months of highly liquid reserves at operating expense rate▲ +17% vs prior filing year
Surplus margin
+79%
revenue over expenses, this year▲ +895% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$4.2M
FY2024▲ +423%
Expenses
$886K
FY2024-0.5%
Total assets
$20.5M
FY2024▲ +25%
Total liabilities
$425K
FY2024▲ +6%
Total revenue
$4.2M
Pt VIII · Ln 12
Total expenses
$886K
Pt IX · Ln 25
Net assets
$20.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.4M
Total assetsPt X · Ln 16$20.5M
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

1 program service account for $560K of program spending, described in the organization's own filed words · FY2024.
01

Scholarships and grants to 501(c)(3) organizations, units of government, and schools.

$560Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFayette County Foundation INC
EINHdr · item D35-2232770
Principal addressHdr · item CConnersville, IN
WebsiteHdr · item Jwww.givetofcf.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFApr 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$61,788Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Abigail Roszell’s $62K as Executive Director is at the 10th percentile of top reported officer pay among 1688 $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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Anna Dungan$77,954
Alexandra Pflug$65,125$63,250$9,615
Abigail Roszell$61,788
Abigail Roszell Beg 723$53,753
Alexandra Pflug End 723$41,651

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.

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Statement of Revenue

Part VIII
Contributions & grants$3.6M · 84%
Investment income$629K · 15%
Other revenue$38K · 1%
Contributions & grants84%$3.6M
Investment income15%$629K
Other revenue1%$38K
Total revenueLn 12$4.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.27 Fundraising $0.10
Program services63%$560K
Management & general27%$236K
Fundraising10%$90K
Total functional expensesLn 25$886K

Balance Sheet

Part X · end of year
CashLn 1$2.6M
Total assetsLn 16$20.5M
Total liabilitiesLn 26$425K
Total net assetsLn 32$20.0M
Months of cash on handcomputed35.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $18.5M · Operating expenses (Pt IX) $886K · Less non-cash grants $8K · Cash operating expenses/yr $879K
252.8 months
Where the money goes
Program services
Program services $560K · Total expenses $886K
63%
Management & General
Management & general $236K · Total expenses $886K
27%
Fundraising
Fundraising $90K · Total expenses $886K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $57K · Solicited contributions (3-yr avg) $1.4M
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3.6M · Total revenue $4.2M
84%
Government reliance
Government grants — · Total revenue $4.2M
Earned-income share
Program service revenue $0 · Total revenue $4.2M
0%
Investment reliance
Investment income $629K · Total revenue $4.2M
+15%
Program self-sufficiency
Program service revenue $0 · Total expenses $886K
0%
Growth & trend
Revenue growth (YoY)
This year $4.2M · Prior year $810K
+423%
Revenue CAGR
FY2020 $700K · FY2024 $4.2M
+57%
Net-asset trend (YoY)
End of year $20.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.2M · Expenses $886K
+79%
Liabilities-to-Assets
Total liabilities — · Total assets $20.5M
Net-asset ratio
Net assets $20.0M · Total assets $20.5M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $15.7M · Other securities (Pt X, ln 12) $142K · Total assets (Pt X, ln 16) $20.5M
78%
People & payroll
Highest Reported Total Compensation
Individual Abigail Roszell · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $62K · Total expenses $886K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $190K · Total expenses $886K
21%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 27%
Fundraising cost ratio 3%
Revenue growth 423%
Investment management fee ratio 0.3%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$1.8M
See all 3 funders →
Grants paid · 107 grants · $1.9M · 2020–2024
Unitemized GrantFY2024$98,787
Imagine Performing ArtsIN · FY2024$30,000
Alquina Blue Arrows ParkFY2024$22,000
Indiana Audubon Society INCIN · FY2024$17,658
Fayette County Department of Homeland Security and Emergency ManagementFY2024$14,000
First Presbyterian ChurchFY2024$13,681
Historic Elmhurst INCIN · FY2024$13,664
Fayette County Sheriff's DepartmentFY2024$8,750
Historic Elmhurst INCIN · FY2024$6,507
Indiana Audubon Society INCIN · FY2024$6,438
Historic Connersville INCIN · FY2024$6,308
Connersville Band BoostersFY2024$6,000
Historic Connersville INCIN · FY2024$5,882
See all 107 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$4.2M revenue · viewing · ⤓ 990 PDF
FY2023$810K revenue · ⤓ 990 PDF
FY2022$751K revenue · ⤓ 990 PDF
FY2021$861K revenue · ⤓ 990 PDF
FY2020$700K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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