Nonprofit · EIN 87-2043014
OUR COMMUNITY FOUNDATION INC
Tax-exempt · WASHINGTON, IN 47501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,761,547 | $603,926 | $2,157,621 | $7,356,083 | $3,422 | $7,352,661 |
| December 31, 2023 | 990 | $3,639,344 | $227,433 | $3,411,911 | $4,807,949 | $1,743 | $4,806,206 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,451,775
- Program service revenue
- $0
- Investment income
- $309,772
- Net gain from sales of assets
- $36,247
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $455,005
- Compensation of officers, directors and key employees
- $52,083
- Salaries, compensation and benefits (total)
- $56,538
- Professional fundraising fees
- $0
- Legal fees
- $27,722
- Accounting fees
- $4,480
- Depreciation
- $530
- Program services (functional)
- $505,445
- Management and general (functional)
- $77,313
- Fundraising (functional)
- $21,168
Balance sheet and other
- Total assets, start of year
- $4,807,949
- Total assets, end of year
- $7,356,083
- Total liabilities, end of year
- $3,422
- Net assets, end of year
- $7,352,661
- Publicly traded securities
- $5,633,771
- Net assets without donor restrictions
- $843,896
- Net assets with donor restrictions
- $6,508,765
- Gross receipts
- $4,811,098
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARY SMITH | EXECUTIVE DIRECTOR Officer | 30 | $52,083 | $1,500 |
| SCOTT ARTHUR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHANCE BERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JORDAN BRIGGEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANNON DALTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TONY DUNCHEON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIRSTEN EMMONS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID FRETTE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROLYN JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAULA JONES | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ALEX KNEPP | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CINDY MASON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GRETCHEN MILES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LINDA MYERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROL NUGENT | DIRECTOR Trustee or director | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE PETERSON | DIRECTOR Trustee or director | 1 | $0 |
| DAN ROACH | DIRECTOR Trustee or director | 1 | $0 |
| TRAVIS SCHAFFER | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| JOE SINGLETON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| PEG STEPHENS | DIRECTOR Trustee or director | 1 | $0 |
| JOE WELLMAN | DIRECTOR Trustee or director | 1 | $0 |
| BUD WOODRUFF | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARY E SMITH | EXECUTIVE DI Officer | 30 | $50,000 | $1,500 |
| SCOTT ARTHUR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHANCE BERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JORDAN BRIGGEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| J MERLE CALLAHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANNON DALTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TONY DUNCHEON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIRSTEN EMMONS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID FRETTE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROLYN JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAULA JONES | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ALEX KNEPP | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CINDY MASON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GRETCHEN MILES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LINDA MYERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROL NUGENT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN ROACH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRAVIS SCHAFFER | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| JOE SINGLETON | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| PEG STEPHENS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSEPH WELLMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 201 E MAIN ST STE 409, WASHINGTON, IN 47501-2912
- Principal officer (990 for 2024)
- CHRIS JARRETT, 201 E MAIN ST 301, WASHINGTON, IN 47501
- Signed the 990
- CHRIS JARRETT, EXECUTIVE DIRECTOR
- Phone
- (812) 698-5413
- Website
- LOCALFOREVER.ORG
- Return prepared by
- MONROE SHINE & CO INC CPA'S
Mission
MEET THE CHANGING NEEDS OF OUR COMMUNITY BY FOSTERING A CULTURE OF LOCAL PHILANTHROPY AND TO PROVIDE SUPPORT TO PUBLIC CHARITABLE ORGANIZATIONS.
Program accomplishments
- MEET THE CHANGING NEEDS OF OUR COMMUNITY BY FOSTERING A CULTURE OF LOCAL PHILANTHROPY AND TO PROVIDE SUPPORT TO PUBLIC CHARITABLE ORGANIZATIONS.Expenses $505,445 · grants $455,005
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-2043014
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $7,356,083
- Income (IRS master file)
- $4,811,098
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,761,547 | $603,926 | $7,356,083 | XML |
| 990 | December 2023 | $3,639,344 | $227,433 | $4,807,949 | XML |
| 990 | December 2022 | $1,541,692 | $95,380 | $1,547,012 | IRS |
| 990 | December 2021 | $130,525 | $2,841 | $129,074 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-2043014).
Questions about OUR COMMUNITY FOUNDATION INC
- What is the EIN of OUR COMMUNITY FOUNDATION INC?
- The employer identification number (EIN) of OUR COMMUNITY FOUNDATION INC is 87-2043014.
- Is OUR COMMUNITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to OUR COMMUNITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OUR COMMUNITY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OUR COMMUNITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OUR COMMUNITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OUR COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names CHRIS JARRETT.
- Who are the officers and directors of OUR COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 22 people; 1 received compensation from the organization, the highest $52,083 (MARY SMITH, EXECUTIVE DIRECTOR).
- How much revenue does OUR COMMUNITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,761,547, expenses of $603,926 and total assets of $7,356,083 at year end.
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