Skip to content
Nonprofiteer
← CAPITOL LAKES FOUNDATION INC

Form 990 for tax year 2024

Filed by CAPITOL LAKES FOUNDATION INC.

Totals

Total revenue
$546,337
Total expenses
$850,416
Contributions and grants received
$467,521
Grants paid
$679,941
Program service revenue
$0
Investment income
$78,816
Other revenue
$0
Total assets, end of year
$2,241,551
Total liabilities, end of year
$60,511
Net assets or fund balances, end of year
$2,181,040
Program services expenses (Part IX)
$770,521
Management and general expenses
$79,895
Fundraising expenses
$0
Program service expenses (Part III)
$770,521

Program services were 90.6% 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

    $467,521

  • 3 · Investment income

    total $78,816 · excluded $78,816

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $679,941 · program services $679,941

  • 7 · Other salaries and wages

    total $68,339 · program services $9,843 · management and general $58,496

  • 8 · Pension plan contributions

    total $2,162 · management and general $2,162

  • 9 · Other employee benefits

    total $2,835 · program services $2,752 · management and general $83

  • 10 · Payroll taxes

    total $5,268 · management and general $5,268

  • 11f · Fees: investment management

    total $3,258 · management and general $3,258

  • 11g · Fees: other

    total $2,092 · management and general $2,092

  • 12 · Advertising and promotion

    total $1,541 · management and general $1,541

  • 13 · Office expenses

    total $3,669 · management and general $3,669

  • 23 · Insurance

    total $3,013 · program services $3,013

  • 24a · Other expenses: OTHER FACILITY SERVICE

    total $74,972 · program services $74,972

  • 24b · Other expenses: PROGRAM FUND EXPENSES

    total $3,326 · management and general $3,326

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $114,041 · end of year $155,209

  • 10a · Land, buildings and equipment: cost or other basis

    $6,254

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,254

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,235,004 · end of year $2,086,342

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,273 · end of year $28,610

  • 25 · Other liabilities

    beginning of year $14,532 · end of year $31,901

  • 27 · Net assets without donor restrictions

    beginning of year $1,583,232 · end of year $1,503,919

  • 28 · Net assets with donor restrictions

    beginning of year $721,008 · end of year $677,121

Mission and programs · 2024

Mission

THE CAPITOL LAKES FOUNDATION SEEKS TO SERVE OUR COMMUNITY BY ENRICHING THE QUALITY OF LIFE OF OUR RESIDENTS, PROVIDING PEACE OF MIND TO THEIR FAMILIES, AND SUPPORTING OUR STAFF.

Activities or mission (Part I)

TO ACQUIRE, HOLD, AND DISTRIBUTE GIFTS TO CAPITOL LAKES, INC.

  • GRANTS AND ALLOCATIONS/OUTLAYS ACCORDING TO DONORS' SPECIFIC REQUESTS.

    Expenses $770,521 · Grants $679,941

As filed on the 2024 return.

Listed in Part VII

  • TIM CONROY

    ADMINISTRATIVE DIRECTOR

    Total calculated
    $395,491
    From this org
    $0
    From related orgs
    $340,440
    Other
    $55,051
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,787 related
    Bonus
    $0 + $45,653 related
    Other
    $0
    Deferred
    $0 + $36,281 related
    Nontaxable benefits
    $0 + $18,770 related
    Filer's total
    $0 + $395,491 related

  • KRISTIN VATER

    SECRETARY

    Total calculated
    $204,020
    From this org
    $0
    From related orgs
    $181,854
    Other
    $22,166
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,942 related
    Bonus
    $0 + $13,912 related
    Other
    $0
    Deferred
    $0 + $13,188 related
    Nontaxable benefits
    $0 + $8,978 related
    Filer's total
    $0 + $204,020 related

  • DR DIANE FARSETTA

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SHERRY LEPAGE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JIM POPE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DR BARBARA BOWERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FLEMING CRIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NATASHA KILLIAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NORMA MADSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR TRACEY SCHROEPFER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • CAPITOL LAKES INC

    $679,941

    RESIDENT ASSISTANCE, DECK EXPANSION, DINING SOUNDPROOFING & POST-ACUTE CARE EDUCATION

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202602259349300215

The source document this was parsed from is served over the API, which is where bulk and document access live.