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Nonprofiteer
← OCONOMOWOC AREA FOUNDATION INC

Form 990 for tax year 2023

Filed by OCONOMOWOC AREA FOUNDATION INC.

Totals

Total revenue
$959,711
Total expenses
$1,005,044
Contributions and grants received
$537,146
Grants paid
$789,270
Program service revenue
$0
Investment income
$422,565
Other revenue
$0
Total assets, end of year
$13,474,944
Total liabilities, end of year
$17,296
Net assets or fund balances, end of year
$13,457,648
Program services expenses (Part IX)
$789,270
Management and general expenses
$201,906
Fundraising expenses
$13,868
Program service expenses (Part III)
$789,270

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.

  • 1d · Related organizations

    $2,761

  • 1f · All other contributions, gifts and grants

    $534,385

  • 1g · Noncash contributions included above

    $1,166

  • 3 · Investment income

    total $202,292 · excluded $202,292

  • 7a · Gross sales of assets other than inventory

    securities $2,645,528

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

    securities $2,425,255

  • 7c · Gain or loss

    securities $220,273

  • 7d · Net gain or loss

    total $220,273 · excluded $220,273

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $789,270 · program services $789,270

  • 11f · Fees: investment management

    total $20,883 · management and general $20,883

  • 12 · Advertising and promotion

    total $9,176 · management and general $9,176

  • 13 · Office expenses

    total $2,185 · management and general $2,185

  • 14 · Information technology

    total $6,270 · management and general $6,270

  • 19 · Conferences, conventions and meetings

    total $27,736 · management and general $13,868 · fundraising $13,868

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $109,942 · management and general $109,942

  • 24b · Other expenses: CONSULTING SERVICES

    total $36,000 · management and general $36,000

  • 24c · Other expenses: CUSTODY FEES

    total $3,035 · management and general $3,035

  • 24d · Other expenses: PRINTING

    total $547 · management and general $547

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 $1,159,906 · end of year $314,955

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $190,243 · end of year $184,966

  • 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 $11,062,281 · end of year $12,975,023

  • 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 $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,907 · end of year $3,796

  • 18 · Grants payable

    beginning of year $79,000 · end of year $13,500

  • 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 $12,139,279 · end of year $13,272,682

  • 28 · Net assets with donor restrictions

    beginning of year $190,244 · end of year $184,966

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • SEE SCHEDULE OOCONOMOWOC AREA FOUNDATION, INC. WAS FORMED TO OPERATE AS A SUPPORTING ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3) AND 509(A)(3) OF THE INTERNAL REVENUE CODE TO SUPPORT GREATER MILWAUKEE FOUNDATION, INC. THE GREATER MILWAUKEE FOUNDATION IS A PUBLIC CHARITY DESCRIBED IN SECTIONS 509(A)(1) OF THE INTERNAL REVENUE CODE.AS SET FORTH IN THE OCONOMOWOC AREA FOUNDATION'S ARTICLES OF INCORPORATION, "THE CORPORATION IS ORGANIZED AND SHALL AT ALL TIMES HEREAFTER BE OPERATED, EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC LITERARY AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND/OR TO CARRY OUT THE PURPOSES OF THE GREATER MILWAUKEE FOUNDATION BY FACILITATING GREATER MILWAUKEE FOUNDATION'S PROGRAMS WITHIN THE OCONOMOWOC AREA. SUCH PURPOSES MAY INCLUDE, BUT ARE NOT LIMITED TO, SOLICITING AND RECEIVING CONTRIBUTIONS AND BEQUESTS OF AN ENDOWMENT OR CAPITAL NATURE TO CARRY OUT GREATER MILWAUKEE FOUNDATION'S PROGRAMS BY SUPPORTING CHARITABLE ORGANIZATIONS AND PROGRAMS WITHIN THE OCONOMOWOC AREA. THE CORPORATION MAY ACCOMPLISH ITS PURPOSES DIRECTLY OR BY MAKING GRANTS OR OTHER PAYMENTS FOR CHARITABLE PURPOSES TO THIRD PARTIES."

    Expenses $789,270 · Grants $789,270

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

Listed in Part VII

  • Bob Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert W Snyder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lou Morgan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terrance Holahan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Randy Bourdo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Ewald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sue Bickler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Kay

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kaitie Newcomb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Scheid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Glenn Hanon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Calvin Schmidt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pat McNamee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Pehler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrea Stack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rebbecca Seymour

    DIRECTOR

    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

    ASSISTANT TREASURER

    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

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
7 November 2024
IRS schema version
2023v5.1
Source object
202403189349305125

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

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