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← HONKAMP FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by HONKAMP FAMILY FOUNDATION.

Totals

Total revenue
$194,708
Total expenses
$257,452
Contributions and grants received
$0
Grants paid
$205,000
Program service revenue
$0
Investment income
$194,708
Other revenue
$0
Total assets, end of year
$4,724,530
Total liabilities, end of year
$40,000
Net assets or fund balances, end of year
$4,684,530
Program services expenses (Part IX)
$205,000
Management and general expenses
$52,452
Fundraising expenses
$0
Program service expenses (Part III)
$205,000

Program services were 79.6% 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.

  • 3 · Investment income

    total $163,546 · excluded $163,546

  • 7a · Gross sales of assets other than inventory

    securities $1,133,636

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

    securities $1,102,474

  • 7c · Gain or loss

    securities $31,162

  • 7d · Net gain or loss

    total $31,162 · excluded $31,162

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $205,000 · program services $205,000

  • 11f · Fees: investment management

    total $13,487 · management and general $13,487

  • 24a · Other expenses: ADMIN FEES

    total $38,011 · management and general $38,011

  • 24b · Other expenses: CUSTODIAL FEES

    total $954 · management and general $954

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $923,274 · end of year $117,040

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $3,407,218 · end of year $4,592,859

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $6,484 · end of year $14,631

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $40,000

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,336,976 · end of year $4,684,530

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • SEE SCHEDULE OTHE HONKAMP FAMILY FOUNDATION WAS FORMED TO OPERATE AS A SUPPORTING ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE TO RECEIVE CONTRIBUTIONS FROM MICHAEL HONKAMP, KEVIN HONKAMP, LYNN BYRNE (ALL 3 ARE HONKAMP FAMILY MEMBERS), AND MEMBERS OF THEIR FAMILIES, AND DISTRIBUTE THEM IN SUPPORT OF GREATER MILWAUKEE FOUNDATION. GREATER MILWAUKEE FOUNDATION IS A PUBLIC CHARITY DESCRIBED IN SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE.AS SET FORTH IN THE HONKAMP FAMILY FOUNDATION'S DECLARATION OF TRUST, "HONKAMP FAMILY FOUNDATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES...FOR THE EXCLUSIVE BENEFIT OF, GREATER MILWAUKEE FOUNDATION CORPORATION...AND TO SUPPORT ITS RELATED PROGRAMS AND ACTIVITIES CONSISTENT WITH THE GOALS IMPLIED IN ITS MISSION STATEMENT." GREATER MILWAUKEE FOUNDATION'S MISSION IS TO PROMOTE THE BETTERMENT OF THE GREATER MILWAUKEE COMMUNITY AND THE ENHANCEMENT OF THE QUALITY OF LIFE FOR ALL ITS CITIZENS. THE HONKAMP FAMILY FOUNDATION WILL FOCUS ITS GRANTMAKING ON ORGANIZATIONS SUPPORTING JOB SERVICES, COMMUNITY ENHANCEMENT, AND CHILDREN AND YOUTH.

    Expenses $205,000 · Grants $205,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Molly Honkamp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lynn Defrancesco-Byrne

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kevin Honkamp

    TRUSTEE/CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michael Honkamp II

    TRUSTEE/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Gregory Wesley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ralph Hollmon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Linda Mellowes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rafael Acevedo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Noletta Jansen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ellen Gilligan

    ASSISTANT SECRETARY

    Total calculated
    $382,718
    From this org
    $0
    From related orgs
    $324,970
    Other
    $57,748
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $324,970 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $38,696 related
    Nontaxable benefits
    $0 + $19,052 related
    Filer's total
    $0 + $382,718 related

  • Ken Robertson

    COO/CFO

    Total calculated
    $230,848
    From this org
    $0
    From related orgs
    $201,605
    Other
    $29,243
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,605 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,720 related
    Nontaxable benefits
    $0 + $10,523 related
    Filer's total
    $0 + $230,848 related

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

  • 2 · Substantiation required before reimbursing expenses

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

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
7 November 2024
IRS schema version
2023v5.1
Source object
202423189349305127

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