Tipton County Foundation Inc

Nonprofit profile at a glance

EIN
311175045
IRS 990 coverage
2012–2025
Forms available
Form 990 2025
Location
Tipton, IN, USA
Phone
7656758480
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$9,396,450
Expenses
$3,144,877
Assets
$72,585,507
Liabilities
$3,874,840

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Highest reported compensation

  • MARK BAIRD (EXECUTIVE DI): $127,774 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation is organized exclusively for charitable, religious, educational and scientific purposes including the making of distributions to organizations that qualify as exempt organizations under section 501(c) (3) of the internal revenue code of 1986, or corresponding sections of any subsequent federal tax code. It is empowered to administer and distribute property for the aforesaid purposes in accordance with the terms of any such charitable gift, grant, devise or bequest, subject to any limitation or restriction imposed by any law, and the provisions of the articles of incorporation and by-laws of the foundation. In furtherance of the aforesaid purposes, the foundation may transact any and all lawful business, provided such business is not inconsistent with the foundation being organized and operated exclusively for charitable purposes.

What it reported doing in 2025

The foundation gave grants to orgnizations in support of the betterment of the community, post-secondary institutions for providing mentors to students of all ages, and promoting adult literacy.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 44% for direct work, and 56% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 84
  • Accountability: 95
  • Sustainability: 87
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 29.6%; rating input score 30
  • Program expense ratio: 84.3%; rating input score 84
  • Fundraising efficiency: $40.74 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 86.7%; rating input score 87; 2nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 92.4%; rating input score 92; 33rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 66.5%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 23.08; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 59; 59th percentile among comparable filings
  • Officer compensation ratio: 4.1%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 9.6% per year; rating input score 100; 59th percentile among comparable filings
  • Revenue growth: 6.2% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 6.4% per year; rating input score 100; 41st percentile among comparable filings

Details

  • Where the money goes: 29.6% of revenue deployed · 84.3% of spending went to programs
  • Governance: 10 of 10 board members independent · 7 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $2.7M in reported program spending
  • Leadership: top reported pay $128K · 11 people listed
  • Consistency: 33 of 35 current checks pass · 2 findings to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 13 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 35 filed money-flow records
  • Related organizations: 31 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 30/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Transparency & Controls: Schedule D land buildings reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 59/100.