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Nonprofiteer
← COMMUNITY FOUNDATION OF CHIPPEWA

Form 990 for tax year 2022

Filed by COMMUNITY FOUNDATION OF CHIPPEWA.

Totals

Total revenue
$2,026,735
Total expenses
$576,802
Contributions and grants received
$1,137,332
Grants paid
$217,256
Program service revenue
$0
Investment income
$775,351
Other revenue
$114,052
Total assets, end of year
$25,839,774
Total liabilities, end of year
$8,762,861
Net assets or fund balances, end of year
$17,076,913
Program services expenses (Part IX)
$490,262
Management and general expenses
$57,695
Fundraising expenses
$28,845
Program service expenses (Part III)
$490,262

Program services were 85.0% 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

    $1,137,332

  • 1g · Noncash contributions included above

    $45,450

  • 3 · Investment income

    total $672,073 · excluded $672,073

  • 7a · Gross sales of assets other than inventory

    securities $11,861,032

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

    securities $11,757,754

  • 7c · Gain or loss

    securities $103,278

  • 7d · Net gain or loss

    total $103,278 · related or exempt $103,278

  • 8a · Fundraising events: gross income

    $9,273

  • 8b · Fundraising events: direct expenses

    $5,335

  • 8c · Net income from fundraising events

    total $3,938 · excluded $3,938

  • 11a · Other revenue: ADMINISTRATION FEE

    total $110,114 · related or exempt $110,114

  • 11e · Other revenue, total

    $110,114

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $217,256 · program services $217,256

  • 5 · Compensation of officers, directors and key employees

    total $82,989 · program services $58,092 · management and general $16,598 · fundraising $8,299

  • 7 · Other salaries and wages

    total $66,097 · program services $46,268 · management and general $13,219 · fundraising $6,610

  • 10 · Payroll taxes

    total $11,208 · program services $7,846 · management and general $2,242 · fundraising $1,120

  • 11c · Fees: accounting

    total $54,455 · program services $30,915 · management and general $15,693 · fundraising $7,847

  • 11f · Fees: investment management

    total $95,083 · program services $95,083

  • 11g · Fees: other

    total $163 · program services $114 · management and general $33 · fundraising $16

  • 12 · Advertising and promotion

    total $3,311 · program services $2,318 · management and general $662 · fundraising $331

  • 13 · Office expenses

    total $17,446 · program services $12,212 · management and general $3,489 · fundraising $1,745

  • 14 · Information technology

    total $14,144 · program services $9,901 · management and general $2,829 · fundraising $1,414

  • 17 · Travel

    total $614 · program services $430 · management and general $123 · fundraising $61

  • 19 · Conferences, conventions and meetings

    total $694 · program services $486 · management and general $139 · fundraising $69

  • 22 · Depreciation, depletion and amortization

    total $1,272 · program services $891 · management and general $254 · fundraising $127

  • 23 · Insurance

    total $5,651 · program services $3,956 · management and general $1,130 · fundraising $565

  • 24a · Other expenses: MEMBERSHIP FEES AND DUES

    total $4,443 · program services $3,110 · management and general $889 · fundraising $444

  • 24b · Other expenses: MISC

    total $1,445 · program services $1,012 · management and general $289 · fundraising $144

  • 24c · Other expenses: PROFESSIONAL DEVELOPMENT

    total $531 · program services $372 · management and general $106 · fundraising $53

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $40,967 · end of year $57,578

  • 2 · Savings and temporary cash investments

    beginning of year $280,478 · end of year $282,785

  • 9 · Prepaid expenses and deferred charges

    beginning of year $192

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

    $57,031

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

    $56,985

  • 10c · Land, buildings and equipment, net

    beginning of year $1,393 · end of year $46

  • 11 · Investments: publicly traded securities

    beginning of year $26,406,485 · end of year $25,479,734

  • 15 · Other assets

    beginning of year $23,644 · end of year $19,631

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,574 · end of year $13,548

  • 19 · Deferred revenue

    beginning of year $670 · end of year $1,050

  • 25 · Other liabilities

    beginning of year $11,766,987 · end of year $8,748,263

  • 27 · Net assets without donor restrictions

    beginning of year $1,266,906 · end of year $1,422,542

  • 28 · Net assets with donor restrictions

    beginning of year $13,705,022 · end of year $15,654,371

Mission and programs · 2022

Mission

TO ENABLE DONORS TO ACHIEVE THEIR PHILANTHROPIC GOALS, TO MEET CHANGING COMMUNITY NEEDS, THEREBY BENEFITING THE COMMUNITIES, PEOPLE AND OTHER NONPROFIT ORGANIZATIONS OF CHIPPEWA COUNTY.

  • DURING FISCAL YEAR 2023, 17 NEW FUNDS WERE CREATED BRINGING THE TOTAL NUMBER OF ACTIVE FUNDS TO 286 AND THE TOTAL ASSETS UNDER MANAGEMENT CHANGED FROM 26.7 MILLION TO 25.8 MILLION. TO-DATE, THE FOUNDATION HAS RECEIVED AND PROCESSED GIFTS TOTALING MORE THAN 41.7 MILLION.

    Expenses $490,262 · Grants $217,256 · Revenue $110,114

As filed on the 2022 return.

Listed in Part VII

  • JILL HERRIGES

    EXECUTIVE DI

    Total calculated
    $85,565
    From this org
    $82,989
    From related orgs
    $0
    Other
    $2,576
    Hours/week
    50

  • CHARLES FRENETTE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DAVID ADLER

    PAST BOARD C

    Total calculated
    $0
    Hours/week
    1

  • BARB STEVENS

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARY RANDALL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN KERN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LORI GEISSLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID DEJONGH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIK LARSON

    SECOND VICE

    Total calculated
    $0
    Hours/week
    1

  • BRYAN FLYNN

    DIRECTOR (JU

    Total calculated
    $0
    Hours/week
    1

  • TERESA GERMAIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHRYN FACKLAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANTHONY WILLKOM

    DIRECTOR (OC

    Total calculated
    $0
    Hours/week
    1

  • CRAIG TOYCEN

    DIRECTOR

    Total calculated
    $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.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2022
Filed
29 September 2023
IRS schema version
2022v5.0
Source object
202312939349301031

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

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