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Nonprofiteer
← INCLUSA INC

Form 990 for tax year 2024

Filed by INCLUSA INC.

Totals

Total revenue
$15,946,615
Total expenses
$6,468,183
Contributions and grants received
$0
Grants paid
$4,732,798
Program service revenue
$637,152
Investment income
$14,875,852
Other revenue
$433,611
Total assets, end of year
$224,037,348
Total liabilities, end of year
$2,610,883
Net assets or fund balances, end of year
$221,426,465
Program services expenses (Part IX)
$5,080,603
Management and general expenses
$1,387,580
Fundraising expenses
$0
Program service expenses (Part III)
$5,080,603

Program services were 78.5% 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.

  • 2a · Program service revenue: INCLUSA PROGRAM SERVICE REV

    total $637,152 · related or exempt $637,152

  • 3 · Investment income

    total $3,632,651 · excluded $3,632,651

  • 6a · Gross rents

    real property $433,611

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $433,611

  • 6d · Net rental income or loss

    total $433,611 · excluded $433,611

  • 7a · Gross sales of assets other than inventory

    securities $6,053,155 · other assets $5,190,046

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $6,053,155 · other assets $5,190,046

  • 7d · Net gain or loss

    total $11,243,201 · excluded $11,243,201

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,732,798 · program services $4,732,798

  • 5 · Compensation of officers, directors and key employees

    total $185,374 · program services $141,903 · management and general $43,471

  • 7 · Other salaries and wages

    total $138,235 · program services $14,290 · management and general $123,945

  • 8 · Pension plan contributions

    total $5,204 · program services $646 · management and general $4,558

  • 9 · Other employee benefits

    total $41,392 · program services $4,364 · management and general $37,028

  • 10 · Payroll taxes

    total $22,198 · program services $9,904 · management and general $12,294

  • 11b · Fees: legal

    total $29,581 · program services $29,581

  • 11c · Fees: accounting

    total $141,320 · management and general $141,320

  • 11f · Fees: investment management

    total $449,246 · management and general $449,246

  • 11g · Fees: other

    total $85,867 · program services $74,920 · management and general $10,947

  • 12 · Advertising and promotion

    total $11,898 · program services $11,898

  • 13 · Office expenses

    total $7,976 · program services $4,403 · management and general $3,573

  • 14 · Information technology

    total $8,611 · program services $8,611

  • 16 · Occupancy

    total $386,713 · program services $17,238 · management and general $369,475

  • 17 · Travel

    total $654 · program services $654

  • 22 · Depreciation, depletion and amortization

    total $185,253 · program services $8,265 · management and general $176,988

  • 23 · Insurance

    total $14,920 · program services $6,657 · management and general $8,263

  • 24e · All other expenses

    total $20,943 · program services $14,471 · management and general $6,472

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $840,633 · end of year $965,563

  • 2 · Savings and temporary cash investments

    beginning of year $20,908,305 · end of year $61,894,557

  • 4 · Accounts receivable

    beginning of year $0 · end of year $966

  • 7 · Other notes and loans receivable

    beginning of year $106,500,000 · end of year $71,078,046

  • 9 · Prepaid expenses and deferred charges

    beginning of year $77,286 · end of year $13,692

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

    $7,291,733

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

    $642,567

  • 10c · Land, buildings and equipment, net

    beginning of year $6,420,720 · end of year $6,649,166

  • 11 · Investments: publicly traded securities

    beginning of year $74,770,040 · end of year $83,435,358

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,161 · end of year $92,823

  • 19 · Deferred revenue

    beginning of year $32,164 · end of year $2,518,060

  • 27 · Net assets without donor restrictions

    beginning of year $209,426,659 · end of year $221,426,465

Mission and programs · 2024

Mission

INCLUSA FOUNDATION'S MISSION IS TO ENHANCE THE HEALTH OF WISCONSINITES BY BUILDING DIVERSE AND INCLUSIVE COMMUNITIES WHERE ALL PEOPLE LIVE MORE CONNECTED LIVES THROUGH INNOVATION, PROGRAMS, AND PARTNERSHIPS THAT IMPACT OVERALL HEALTH AND WELL BEING.

  • INCLUSA FOUNDATION HELD TWO GRANT CYCLES IN 2024 SUPPORTING 501(C)(3) ORGANIZATIONS OR OTHER TAX EXEMPT ORGANIZATIONS THROUGH GRANTMAKING EFFORTS. IN THE FIRST GRANT CYCLE, INCLUSA FOUNDATION AWARDED A TOTAL OF $1,453,407 TO 13 ORGANIZATIONS AND IN THE SECOND GRANT CYCLE, INCLUSA FOUNDATION AWARDED A TOTAL OF $1,387,490 TO 9 ORGANIZATIONS TO SUPPORT IMPACTFUL INITIATIVES THROUGHOUT WISCONSIN. SOME OF THE GRANTS AWARDED DURING THIS TIME PERIOD WERE MULTI-YEAR GRANTS TO BE PAID OUT OVER 2-3 YEARS.

    Expenses $3,027,722 · Grants $2,840,897

  • INCLUSA FOUNDATION PARTNERED WITH TWO ORGANIZATIONS AWARDING STRATEGIC INITIATIVE GRANTS FOCUSED ON BRINGING NATIONALLY RECOGNIZED LEADERSHIP DEVELOPMENT PROGRAMS IN LTSS TO WISCONSIN.

    Expenses $2,016,318 · Grants $1,891,901

  • INCLUSA FOUNDATION OWNS AND OPERATES THE COMMONS. THE COMMONS IS A COMMUNITY NONPROFIT CENTER. IT CURRENTLY HOUSES EIGHT NONPROFIT ORGANIZATIONS, INCLUDING INCLUSA FOUNDATION. THE OTHER NONPROFIT ORGANIZATIONS LEASE TENANT OFFICE SPACE AND HAVE ACCESS TO TWO EVENT SPACES PROVIDED AT NO COST TO NONPROFIT ORGANIZATIONS.

    Expenses $36,563

  • REMAINING INCLUSA, LEGACY REVENUES RECOGNIZED IN 2024

    Revenue $637,152

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Candise Miller

    FOUNDATION EXECUTIVE DIRECTOR

    Total calculated
    $176,557
    From this org
    $132,386
    From related orgs
    $0
    Other
    $44,171
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,386
    Bonus
    $0
    Other
    $0
    Deferred
    $4,684
    Nontaxable benefits
    $39,487
    Filer's total
    $176,557

  • Steve McCarthy

    PRESIDENT

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ken Day

    VICE PRESIDENT

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ron Carney

    SECRETARY

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Joan Fordham

    TREASURER

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ken Cornish

    DIRECTOR (TERMED JUL-24)

    Total calculated
    $700
    From this org
    $700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John Halbeib

    DIRECTOR

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mark Hilliker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tara Johnson

    DIRECTOR

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John Kriesel

    DIRECTOR (TERMED JUN-24)

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Karen Lumb

    DIRECTOR

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $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

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349309689

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

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