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Nonprofiteer
← FOND DU LAC AREA FOUNDATION

Form 990 for tax year 2023

Filed by FOND DU LAC AREA FOUNDATION.

Totals

Total revenue
$5,439,585
Total expenses
$3,670,854
Contributions and grants received
$3,827,379
Grants paid
$2,919,824
Program service revenue
$0
Investment income
$1,609,031
Other revenue
$3,175
Total assets, end of year
$68,131,111
Total liabilities, end of year
$5,996,799
Net assets or fund balances, end of year
$62,134,312
Program services expenses (Part IX)
$3,105,492
Management and general expenses
$460,006
Fundraising expenses
$105,356
Program service expenses (Part III)
$3,105,492

Program services were 84.6% 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

    $3,827,379

  • 1g · Noncash contributions included above

    $320,589

  • 3 · Investment income

    total $1,444,580 · excluded $1,444,580

  • 7a · Gross sales of assets other than inventory

    securities $18,324,292

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

    securities $18,159,841

  • 7c · Gain or loss

    securities $164,451

  • 7d · Net gain or loss

    total $164,451 · excluded $164,451

  • 11a · Other revenue: LIFE INSURANCE GAIN

    total $3,175 · excluded $3,175

  • 11e · Other revenue, total

    $3,175

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,618,349 · program services $2,618,349

  • 2 · Grants to domestic individuals

    total $301,475 · program services $301,475

  • 5 · Compensation of officers, directors and key employees

    total $185,545 · program services $51,824 · management and general $101,403 · fundraising $32,318

  • 7 · Other salaries and wages

    total $264,834 · program services $73,971 · management and general $144,736 · fundraising $46,127

  • 8 · Pension plan contributions

    total $17,970 · program services $5,019 · management and general $9,820 · fundraising $3,131

  • 9 · Other employee benefits

    total $27,957 · program services $7,808 · management and general $15,279 · fundraising $4,870

  • 10 · Payroll taxes

    total $32,514 · program services $9,081 · management and general $17,769 · fundraising $5,664

  • 11c · Fees: accounting

    total $18,450 · management and general $18,450

  • 11f · Fees: investment management

    total $84,675 · management and general $84,675

  • 11g · Fees: other

    total $13,962 · program services $4,189 · management and general $8,377 · fundraising $1,396

  • 12 · Advertising and promotion

    total $30,034 · program services $12,014 · management and general $15,017 · fundraising $3,003

  • 13 · Office expenses

    total $2,472 · program services $989 · management and general $1,236 · fundraising $247

  • 14 · Information technology

    total $5,108 · program services $2,043 · management and general $2,554 · fundraising $511

  • 16 · Occupancy

    total $21,840 · management and general $21,840

  • 19 · Conferences, conventions and meetings

    total $2,156 · program services $970 · management and general $1,078 · fundraising $108

  • 22 · Depreciation, depletion and amortization

    total $1,804 · program services $722 · management and general $902 · fundraising $180

  • 23 · Insurance

    total $3,336 · program services $932 · management and general $1,823 · fundraising $581

  • 24a · Other expenses: DUES AND PERMITS

    total $19,716 · program services $7,886 · management and general $10,844 · fundraising $986

  • 24b · Other expenses: EVENTS

    total $7,566 · program services $3,783 · fundraising $3,783

  • 24c · Other expenses: SUPPLIES

    total $7,457 · program services $2,983 · management and general $2,386 · fundraising $2,088

  • 24d · Other expenses: MISCELLANEOUS

    total $3,634 · program services $1,454 · management and general $1,817 · fundraising $363

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $191,131 · end of year $630,583

  • 2 · Savings and temporary cash investments

    beginning of year $5,534,275 · end of year $4,913,345

  • 4 · Accounts receivable

    beginning of year $3,000

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

    $27,061

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

    $4,358

  • 10c · Land, buildings and equipment, net

    beginning of year $757,931 · end of year $22,703

  • 11 · Investments: publicly traded securities

    beginning of year $53,577,863 · end of year $62,461,578

  • 12 · Investments: other securities

    beginning of year $99,727 · end of year $102,902

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,127 · end of year $7,398

  • 18 · Grants payable

    beginning of year $500

  • 23 · Secured mortgages and notes payable

    beginning of year $462,825

  • 25 · Other liabilities

    beginning of year $5,578,903 · end of year $5,989,401

  • 27 · Net assets without donor restrictions

    beginning of year $54,114,572 · end of year $62,134,312

Mission and programs · 2023

Mission

CREATING A BETTER COMMUNITY BY PROMOTING PHILANTHROPY, AWARDING EFFECTIVE GRANTS, AND PROVIDING LEADERSHIP ON IMPORTANT COMMUNITY ISSUES TODAY AND FOREVER.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $3,105,492 · Grants $2,919,824

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Aaron Sadoff

    EXECUTIVE DI

    Total calculated
    $185,545
    From this org
    $161,345
    From related orgs
    $0
    Other
    $24,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,345
    Bonus
    not reported
    Other
    not reported
    Deferred
    $11,200
    Nontaxable benefits
    $13,000
    Filer's total
    $185,545

  • Tripp Ahern

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sara B Andrew

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Holly Brenner

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dawn Colwin

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Franke

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Thomas J Gross

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David J Hornung

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Steve G Millin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kelly Norton

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Schroeder

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Loree L Shady

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Greg Giles

    CURRENT EXEC

    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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
22 August 2024
IRS schema version
2023v5.0
Source object
202402399349300710

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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