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← WATERTOWN AREA COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by WATERTOWN AREA COMMUNITY FOUNDATION.

Totals

Total revenue
$4,112,069
Total expenses
$726,849
Contributions and grants received
$3,751,165
Grants paid
$589,508
Program service revenue
$0
Investment income
$360,904
Other revenue
$0
Total assets, end of year
$17,397,768
Total liabilities, end of year
$4,743,933
Net assets or fund balances, end of year
$12,653,835
Program services expenses (Part IX)
$589,508
Management and general expenses
$137,341
Fundraising expenses
$0
Program service expenses (Part III)
$589,508

Program services were 81.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,751,165

  • 3 · Investment income

    total $207,593 · excluded $207,593

  • 7a · Gross sales of assets other than inventory

    securities $3,438,427

  • 7b · Less cost or other basis and sales expenses

    securities $3,285,116

  • 7c · Gain or loss

    securities $153,311

  • 7d · Net gain or loss

    total $153,311 · excluded $153,311

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $66,700 · program services $66,700

  • 2 · Grants to domestic individuals

    total $522,808 · program services $522,808

  • 11c · Fees: accounting

    total $26,552 · management and general $26,552

  • 11f · Fees: investment management

    total $74,876 · management and general $74,876

  • 11g · Fees: other

    total $264 · management and general $264

  • 13 · Office expenses

    total $33,443 · management and general $33,443

  • 14 · Information technology

    total $490 · management and general $490

  • 23 · Insurance

    total $1,716 · management and general $1,716

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $155,303 · end of year $168,288

  • 2 · Savings and temporary cash investments

    beginning of year $777,514 · end of year $160,445

  • 11 · Investments: publicly traded securities

    beginning of year $12,885,239 · end of year $17,069,035

  • 18 · Grants payable

    beginning of year $1,112,250 · end of year $1,157,749

  • 25 · Other liabilities

    beginning of year $1,435,699 · end of year $3,586,184

  • 27 · Net assets without donor restrictions

    beginning of year $713,717 · end of year $772,705

  • 28 · Net assets with donor restrictions

    beginning of year $10,556,390 · end of year $11,881,130

Mission and programs · 2023

Mission

TO PROVIDE FOR THE BETTERMENT OF WATERTOWN, WISCONSIN AND THE SURROUNDING AREA AND PROMOTE THE ENHANCEMENT OF THE QUALITY OF LIFE FOR ITS PEOPLE.

  • SCHOLARSHIP FUNDING AND COMMUNITY PROJECTS FOR THE PURPOSE OF HIGHER EDUCATION AND COMMUNITY IMPROVEMENT. FUNDING IS AWARDED BASED ON MERIT AND NEED.

    Expenses $589,508 · Grants $589,508

As filed on the 2023 return.

Listed in Part VII

  • Tom Schultz

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Bill Oswald

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Mike Hoppenrath

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Sue Rhodes

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Susanne Bradow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sandra Budewitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Amy Buchholtz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kevin Clifford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Deb Fischer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tom Levi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • YMCA

    $50,000

    YEAR 1 OF 5 DONATION COMMITMENTS

  • CITY OF WATERTOWN

    $7,000

    LIBRARY EXPANSION, CHRISTMAS DECORATION, TOWN SQUARE

  • WATERTOWN HISTORICAL SOCIETY

    $6,700

    1ST KINDERGARTEN PROJECT

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202521349349303612

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