Form 990 for tax year 2024
Filed by GREENCO INDUSTRIES FOUNDATION INC.
Totals
- Total revenue
- $512,146
- Total expenses
- $66,962
- Contributions and grants received
- $10,724
- Grants paid
- $6,000
- Program service revenue
- $0
- Investment income
- $501,422
- Other revenue
- $0
- Total assets, end of year
- $10,725,539
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $10,725,539
- Program services expenses (Part IX)
- $6,000
- Management and general expenses
- $60,962
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,000
Program services were 9.0% 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
$10,724
-
3 · Investment income
total $320,146 · excluded $320,146
-
7a · Gross sales of assets other than inventory
securities $1,751,087 · other assets $58,039
-
7b · Less cost or other basis and sales expenses
securities $1,627,850 · other assets $0
-
7c · Gain or loss
securities $123,237 · other assets $58,039
-
7d · Net gain or loss
total $181,276 · excluded $181,276
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $6,000 · program services $6,000
-
11c · Fees: accounting
total $9,150 · management and general $9,150
-
11f · Fees: investment management
total $51,812 · management and general $51,812
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $373,149 · end of year $207,648
-
9 · Prepaid expenses and deferred charges
end of year $1,000
-
11 · Investments: publicly traded securities
beginning of year $9,473,098 · end of year $10,516,891
-
17 · Accounts payable and accrued expenses
beginning of year $1,500 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $9,844,747 · end of year $10,725,539
Mission and programs · 2024
Mission
SOLICIT AND OBTAIN FINANCIAL SUPPORT AND TO ADMINISTER FUNDS RECEIVED BY IT FOR THE BENEFIT OF NONPROFIT ORGANIZATIONS EXISTING TO SERVE THE NEEDS OF THE PHYSICALLY AND MENTALLY DISADVANTAGED.
Activities or mission (Part I)
SOLICIT AND OBTAIN FINANCIAL SUPPORT AND TO ADMINISTER FUNDS RECEIVED BY IT FOR THE BENEFIT OF NONPROFIT ORGANIZATIONS EXISTING TO SERVE THE NEEDS OF THE PHYSICALLY AND MENTALLY CHALLENGED.
-
SCHOLARSHIPS TO INDIVIDUALS ENTERING A FIELD RELATING TO SERVING THE NEEDS OF THE PHYSICALLY AND MENTALLY DISADVANTAGED
Expenses $6,000 · Grants $6,000
-
FINANCIAL SUPPORT TO ORGANIZATION'S THAT PROVIDE SERVICES TO THE PHYSICALLY AND MENTALLY DISADVANTAGED
As filed on the 2024 return.
Listed in Part VII
-
Art CarterART CARTER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
John KundertJOHN KUNDERT
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Scott DenureSCOTT DENURE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Joe PalombiJOE PALOMBI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Rob HodgsonROB HODGSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Randy KleinRANDY KLEIN
CEO OF GREENCO INDUSTRIES,
- Total calculated
- $179,868
- From this org
- $0
- From related orgs
- $152,045
- Other
- $27,823
- Hours/week
- 0.3 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $112,045 related
- Bonus
- $0 + $40,000 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $27,823 related
- Filer's total
- $0 + $179,868 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
None.
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
The filer's explanations (Part III)
- PART I, LINE 3
- THE COMPENSATION OF THE CEO OF GREENCO INDUSTRIES, INC. IS APPROVED ANNUALLY BY THE GREENCO INDUSTRIES, INC. BOARD OF DIRECTORS.
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
No itemized grants to organizations on this return.
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.
-
501(C)(3) · DAY SERVICE · WI
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531539349300783
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