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Nonprofiteer
← MARSHFIELD AREA COMMUNITY FOUNDATION INC

Form 990 for tax year 2022

Filed by MARSHFIELD AREA COMMUNITY FOUNDATION INC.

Totals

Total revenue
$1,573,479
Total expenses
$1,972,737
Contributions and grants received
$1,220,672
Grants paid
$1,722,678
Program service revenue
$0
Investment income
$349,557
Other revenue
$3,250
Total assets, end of year
$13,640,166
Total liabilities, end of year
$357,891
Net assets or fund balances, end of year
$13,282,275
Program services expenses (Part IX)
$1,756,897
Management and general expenses
$176,934
Fundraising expenses
$38,906
Program service expenses (Part III)
$1,756,897

Program services were 89.1% 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

    $1,220,672

  • 1g · Noncash contributions included above

    $985

  • 3 · Investment income

    total $225,539 · excluded $225,539

  • 7a · Gross sales of assets other than inventory

    securities $6,640,574

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

    securities $6,516,556

  • 7c · Gain or loss

    securities $124,018

  • 7d · Net gain or loss

    total $124,018 · excluded $124,018

  • 11a · Other revenue: OTHER INCOME

    total $3,250 · related or exempt $3,250

  • 11e · Other revenue, total

    $3,250

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,564,786 · program services $1,564,786

  • 2 · Grants to domestic individuals

    total $157,892 · program services $157,892

  • 5 · Compensation of officers, directors and key employees

    total $71,622 · program services $14,324 · management and general $42,973 · fundraising $14,325

  • 7 · Other salaries and wages

    total $39,501 · program services $7,900 · management and general $23,701 · fundraising $7,900

  • 8 · Pension plan contributions

    total $3,401 · program services $680 · management and general $2,041 · fundraising $680

  • 10 · Payroll taxes

    total $7,983 · program services $1,596 · management and general $4,790 · fundraising $1,597

  • 11b · Fees: legal

    total $1,466 · management and general $1,466

  • 11c · Fees: accounting

    total $21,054 · management and general $21,054

  • 11f · Fees: investment management

    total $53,608 · management and general $53,608

  • 12 · Advertising and promotion

    total $6,284 · fundraising $6,284

  • 13 · Office expenses

    total $4,107 · program services $1,437 · management and general $1,438 · fundraising $1,232

  • 14 · Information technology

    total $19,393 · program services $6,787 · management and general $6,788 · fundraising $5,818

  • 16 · Occupancy

    total $5,349 · program services $1,070 · management and general $3,209 · fundraising $1,070

  • 19 · Conferences, conventions and meetings

    total $1,269 · management and general $1,269

  • 22 · Depreciation, depletion and amortization

    total $4,992 · management and general $4,992

  • 23 · Insurance

    total $3,601 · management and general $3,601

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $5,076 · management and general $5,076

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $687 · program services $425 · management and general $262

  • 24c · Other expenses: BANK FEES

    total $666 · management and general $666

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $230,415 · end of year $178,745

  • 3 · Pledges and grants receivable

    beginning of year $1,270,604 · end of year $666,356

  • 4 · Accounts receivable

    beginning of year $0

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

    $55,383

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

    $28,703

  • 10c · Land, buildings and equipment, net

    beginning of year $31,672 · end of year $26,680

  • 11 · Investments: publicly traded securities

    beginning of year $15,019,911 · end of year $12,734,382

  • 15 · Other assets

    beginning of year $0 · end of year $34,003

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,036 · end of year $16,633

  • 21 · Escrow or custodial account liability

    beginning of year $464,312 · end of year $307,255

  • 25 · Other liabilities

    beginning of year $0 · end of year $34,003

  • 27 · Net assets without donor restrictions

    beginning of year $2,466,915 · end of year $4,575,140

  • 28 · Net assets with donor restrictions

    beginning of year $13,619,339 · end of year $8,707,135

Mission and programs · 2022

Mission

CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER TO ENRICH THE QUALITY OF LIFE IN THE MARSHFIELD AREA.

  • FUNDS WERE DISTRIBUTED TO VARIOUS PEOPLE/ORGANIZATIONS FOR SCHOLARSHIPS AND GRANTS TO BE USED EXCLUSIVELY FOR EDUCATIONAL, RECREATIONAL, ARTISTIC, CONSERVATION, AND COMMUNITY DEVELOPMENT BASED ON THE RESTRICTIONS OF THE DONOR FUND.

    Expenses $1,756,897 · Grants $1,722,678

As filed on the 2022 return.

Listed in Part VII

  • Terry Frankland

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dr Brian Parker

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Justin Casperson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lori Gropp

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ben Bauer

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Michelle Boernke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Rev Laurie Brubaker-Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lori Belongia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diane Veale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Schulein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Ryan Christianson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Damerell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Danny Halan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tony Iniguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Bartelt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stacey Schultz

    EXECUTIVE DIRECTOR

    Total calculated
    $73,771
    From this org
    $71,622
    From related orgs
    $0
    Other
    $2,149
    Hours/week
    40

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

  • SCHOOL DISTRICT OF MARSHFIELD

    $706,405

    N:SPORTS/LEISURE

  • MARSHFIELD PARKS & RECREATION

    $271,103

    C:COMMUNITY GRANTS

  • NORTH WISCONSIN HOMES

    $130,607

    L:HOUSING, SHELTER

  • MARSHFIELD CLINIC HEALTH SYSTEM FOUNDATION

    $62,090

    C:COMMUNITY GRANTS

  • CVTC FOUNDATION INC

    $30,000

    C:COMMUNITY GRANTS

  • MARSHFIELD AREA UNITED WAY

    $28,149

    C:COMMUNITY GRANTS

  • STRATFORD SIGN CO LLC

    $22,057

    C:COMMUNITY GRANTS

  • COLUMBUS CATHOLIC SCHOOL

    $21,267

    N:SPORTS/LEISURE

  • MORK CONTRACTING & DESIGN

    $21,114

    L:HOUSING, SHELTER

  • CHILD CARE CENTERS OF MARSHFIELD INC

    $16,000

    Y:YOUTH

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349307265

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