2014 Community Foundation of Morgan County Annual Report by CFMC

2013-2014 CFMC Annual Report

oming up on one year since returning to Morgan County, I am amazed at how quickly the time has passed. It is a privilege to return to my hometown and serve as the executive director of the community foundation. I am fortunate to build upon the foundationâ&#x20AC;&#x2122;s past successes. Graduating from Martinsville High School in 1989, and ultimately Indiana University Bloomington ('93, '95), I have spent the vast majority of my professional life dedicated to philanthropy within higher education institutions and community foundations. In returning, I find our community full of exceptional leaders working together to make a difference in the lives of the citizens of Morgan County. The many dedicated individuals and groups who volunteer and raise funds for good works make me truly excited for the future of our county. As the community foundation evolves as a philanthropic leader, we hope to focus on impact grant making to support our dynamic non-profit partners. Working together we can define what community means for Morgan County. Twenty years doesnâ&#x20AC;&#x2122;t seem that long ago and it is good to be home. I am grateful for the overwhelming support of our community in being welcomed back and to renew many old friendships.

2013-2014 CFMC Annual Report

2014 Officers

2014 Members

Patty Wood

Lisa Arnold Bill Meredith Marty Miller Gary Oakes Kristin Oberle Erin Pipkin Judith Strode Judy Williams

President, CFMC Board

Chris Branson Vice President, CFMC Board

Frank Rowe, Jr. Secretary, CFMC Board

Jim Johnson Treasurer, CFMC Board

Jenna Bennett Past President, CFMC Board

2013-2014 CFMC Annual Report

2014 Scholarships In 2014, the Community Foundation of Morgan County awarded $146,459.12 in scholarships from its own CFMC funds. Criteria for each scholarship is selected by the donor of the fund.

2013-2014 CFMC Annual Report

Ready Set Quit Tobacco Coalition Fund

Martinsville Youth Development Center Endowment Fund Eric Pierce Memorial Scholarship Fund

Gwynn Wilkins Camp Scholarship Fund Vets 4 Vets Fund

Becky Sonnega Endowment Fund

Mt. Olive Manufacturing Elementary School Experimental Learning Fund Morgan County Soil and Water Conservation District Fund Healthier Morgan County Initiative - NARCAN Ron Taylor Memorial Ride Fund

2013-2014 CFMC Annual Report

2014 Foundation Contributers Reporting Corrections: Every effort is made to ensure an accurate, comprehensive listing of contributors. If we have erred, please let us know, so we can correct our records and properly thank you for your gift.

2013-2014 CFMC Annual Report

2014 Honorary & Memorial Gifts

Honoring a loved one through a charitable gift is an especially meaningful way of paying tribute to someone special. Memorial gifts offer a lasting opportunity to recognize those we hold dear and enhance our contributions by making them a very meaningful and personal experience.

2013-2014 CFMC Annual Report

Support & Revenues 2014

2013

2012

Contributions & Grants

$616,276

$543,371

$322,525

Investment Return, Net

$235,771

$888,775

500,075

Administrative Fee Income

$348,062

$294,997

$255,147

Special Events Income

$119,286

$81,912

$68,698

$1,319,395

$1,809,055

$1,149,901

Total Support & Revenue

Expenses

$136,605

$146,459

$104,990

Grants

$247,323

$220,758

$201,412

Programs

$321,164

$267,848

$235,853

Salaries & Wages

$314,884

$242,057

$250,134

Administrative Fees

$102,342

$102,281

$99,193

Professional Fees

$32,169

$29,830

$31,657

Printing & Postage

$25,055

$23,857

$20,278

Payroll Taxes

$26,645

$18,991

$20,207

Computer Expenses

$13,685

$16,855

$9,269

Employee Benefits

$20,222

$12,184

$13,622

Repairs & Maintenance

$10,291

$8,929

$6,272

Events

$12,810

$6,489

$8,011

$7,925

$7,520

$7,247

Depreciation

$17,340

$13,400 $18,705

Advertising

$2,677

$3,113

$7,163

Telephone

$9,185

$11,008

$11,321

Insurance

$6,025

$5,279

$4,833

Training

$1,215

$2,692

$590

Utilities

$10,846

$6,913

$6,649

Equipment Expenses

$3,603

$2,937

$3,033

Office Supplies

$4,929

$3,948

$3,512

Travel & Entertainment

$3,754

$4,375

$3,004

Board & Committee Expenses

$211

$760

$478

Dues & Subscriptions

$838

$1,843

$1,596

Donor Relations

$1,384

$1,034

$460

Contracted Services

$3,079

$2,199

$1,264

Miscellaneous

$1,576

$2,835

$928

Total Expenses

$1,187,293

$1,009,991

$951,442

$135,558

$802,520

$198,459

Change in Net Assets

2013-2014 CFMC Annual Report

Net Assets, Beginning of Year

$6,030,451

$5,227,931

$5,029,472

Net Assets, End of Year

$6,166,009

$6,030,451

$5,227,931

Martinsville Office

Mooresville Office

2013-2014 CFMC Annual Report