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Nonprofiteer
← WINONA COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by WINONA COMMUNITY FOUNDATION INC.

Totals

Total revenue
$2,409,348
Total expenses
$2,400,329
Contributions and grants received
$1,998,147
Grants paid
$1,681,381
Program service revenue
$63,871
Investment income
$263,906
Other revenue
$83,424
Total assets, end of year
$17,131,515
Total liabilities, end of year
$4,281,118
Net assets or fund balances, end of year
$12,850,397
Program services expenses (Part IX)
$2,109,987
Management and general expenses
$246,294
Fundraising expenses
$44,048
Program service expenses (Part III)
$2,109,987

Program services were 87.9% 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

    $1,998,147

  • 1g · Noncash contributions included above

    $700,120

  • 2a · Program service revenue: SERVICE FEES

    total $63,871 · related or exempt $63,871

  • 3 · Investment income

    total $308,134 · excluded $308,134

  • 7a · Gross sales of assets other than inventory

    securities $4,572,757

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

    securities $4,616,985

  • 7c · Gain or loss

    securities -$44,228

  • 7d · Net gain or loss

    total -$44,228 · excluded -$44,228

  • 8a · Fundraising events: gross income

    $6,600

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $6,600 · excluded $6,600

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $76,824 · related or exempt $76,824

  • 11e · Other revenue, total

    $76,824

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,681,381 · program services $1,681,381

  • 5 · Compensation of officers, directors and key employees

    total $145,207 · program services $43,563 · management and general $72,603 · fundraising $29,041

  • 7 · Other salaries and wages

    total $40,256 · program services $12,076 · management and general $20,128 · fundraising $8,052

  • 8 · Pension plan contributions

    total $497 · program services $149 · management and general $249 · fundraising $99

  • 10 · Payroll taxes

    total $13,778 · program services $4,133 · management and general $6,889 · fundraising $2,756

  • 11c · Fees: accounting

    total $14,095 · management and general $14,095

  • 11f · Fees: investment management

    total $66,958 · management and general $66,958

  • 11g · Fees: other

    total $17,679 · management and general $17,679

  • 12 · Advertising and promotion

    total $24,552 · program services $2,455 · management and general $22,097

  • 13 · Office expenses

    total $4,852 · management and general $4,488 · fundraising $364

  • 16 · Occupancy

    total $15,301 · program services $4,590 · management and general $7,651 · fundraising $3,060

  • 19 · Conferences, conventions and meetings

    total $2,544 · management and general $2,544

  • 22 · Depreciation, depletion and amortization

    total $562 · program services $418 · management and general $102 · fundraising $42

  • 23 · Insurance

    total $2,554 · program services $766 · management and general $1,277 · fundraising $511

  • 24a · Other expenses: PROGRAM EXPENSES

    total $346,652 · program services $346,652

  • 24b · Other expenses: INDIRECT COSTS OF SPECI

    total $11,071 · program services $11,071

  • 24c · Other expenses: MEMBERSHIP DUES

    total $5,373 · management and general $5,373

  • 24d · Other expenses: BANK FEES

    total $3,122 · program services $2,613 · management and general $509

  • 24e · All other expenses

    total $3,895 · program services $120 · management and general $3,652 · fundraising $123

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $54,340 · end of year $90,150

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,970 · end of year $1,753

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

    $7,564

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

    $6,520

  • 10c · Land, buildings and equipment, net

    beginning of year $1,607 · end of year $1,044

  • 11 · Investments: publicly traded securities

    beginning of year $14,799,418 · end of year $17,012,056

  • 15 · Other assets

    beginning of year $39,050 · end of year $26,512

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,424 · end of year $11,608

  • 25 · Other liabilities

    beginning of year $3,684,818 · end of year $4,269,510

  • 27 · Net assets without donor restrictions

    beginning of year $4,821,601 · end of year $5,323,347

  • 28 · Net assets with donor restrictions

    beginning of year $6,380,542 · end of year $7,527,050

Mission and programs · 2023

Mission

TO IMPROVE THE QUALITY OF LIFE IN THE WINONA AREA BY EDUCATING THE PUBLIC ABOUT THE PRACTICE OF PHILANTHROPY AND ITS BENEFITS BOTH TO DONORS AND TO THE COMMUNITY, CONNECTING PEOPLE WITH CHARITABLE INTENT AND RESOURCES WITH ORGANIZATIONS AND CAUSES THAT CAN ADVANCE THE PUBLIC GOOD, GATHERING, PRESERVING, AND STEWARDING PHILANTHROPIC RESOURCES, COLLABORATING WITH OTHER CHARITABLE ORGANIZATIONS, SERVING AS A CATALYST FOR SELECTED COMMUNITY INITIATIVES, AND MAKING GRANTS TO PROJECTS AND CAUSES THAT ADDRESS BOTH THE NEEDS AND THE OPPORTUNITIES PRESENT IN THE COMMUNITY.

  • CONNECTING DONORS WITH CHARITABLE NEEDS THROUGH DILIGENT STEWARDING OF DONATIONS, WINONA COMMUNITY FOUNDATION CONTINUED TO FOSTER ITS MISSION IN 2023 WITH 583 GRANTS DISBURSED. THE FOUNDATION CONTINUES TO GROW ITS CAPACITY TO NOT ONLY MANAGE AND ADMINISTER CHARITABLE DOLLARS, BUT ALSO PARTNER FUTURE GIFTS WITH THE NEW IDENTIFIED NEEDS, AS WELL AS BETTER ADVOCATE AND FACILITATE COMMUNITY CONVERSATIONS ON SUCH NEEDS TO ENSURE THE MOST IMPACT IN THE USE OF THESE CHARITABLE GIFTS.

    Expenses $2,109,987 · Grants $1,681,381 · Revenue $140,695

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

Listed in Part VII

  • Andrew Guzzo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aaron Young

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kathleen Peterson

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Angela Lallemont

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ann Gibson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Amanda Hedlund

    DIRECTOR - THROUGH 6/30/2023

    Total calculated
    $0
    Hours/week
    1

  • Maurella Cunningham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jackie Czaplewski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin O'Reilly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Corey Hancock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jolene Vaselaar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Franzen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dave Jensen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Telstad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jacob Woodworth

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Nancy Brown

    EXECUTIVE DIRECTOR

    Total calculated
    $105,026
    From this org
    $100,382
    From related orgs
    $0
    Other
    $4,644
    Hours/week
    40

  • Mandi Olson

    FINANCE DIRECTOR

    Total calculated
    $48,244
    From this org
    $44,825
    From related orgs
    $0
    Other
    $3,419
    Hours/week
    25

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

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

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443179349308344

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

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