Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,318,392

• 1e · Government grants (contributions)

  $34,439

• 1f · All other contributions, gifts and grants

  $9,246,749

• 1g · Noncash contributions included above

  $4,322,798

• 3 · Investment income

  total $5,856,767 · excluded $5,856,767

• 7a · Gross sales of assets other than inventory

  securities $39,459,368

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

  securities $36,482,050

• 7c · Gain or loss

  securities $2,977,318

• 7d · Net gain or loss

  total $2,977,318 · excluded $2,977,318

• 11a · Other revenue: PARTNERSHIP TAXABLE INCOME

  total $661,014 · unrelated business $661,014

• 11b · Other revenue: MISCELLANEOUS INCOME

  total $225 · excluded $225

• 11e · Other revenue, total

  $661,239

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $11,997,104 · program services $11,997,104

• 2 · Grants to domestic individuals

  total $199,979 · program services $199,979

• 5 · Compensation of officers, directors and key employees

  total $818,470 · program services $209,045 · management and general $356,889 · fundraising $252,536

• 7 · Other salaries and wages

  total $813,227 · program services $146,378 · management and general $421,330 · fundraising $245,519

• 8 · Pension plan contributions

  total $37,056 · program services $8,658 · management and general $19,067 · fundraising $9,331

• 9 · Other employee benefits

  total $94,540 · program services $17,109 · management and general $50,573 · fundraising $26,858

• 10 · Payroll taxes

  total $113,854 · program services $25,073 · management and general $53,976 · fundraising $34,805

• 11b · Fees: legal

  total $3,968 · management and general $3,968

• 11c · Fees: accounting

  total $58,902 · management and general $58,902

• 11f · Fees: investment management

  total $300,430 · management and general $300,430

• 11g · Fees: other

  total $235,340 · program services $50,267 · management and general $112,977 · fundraising $72,096

• 12 · Advertising and promotion

  total $41,153 · fundraising $41,153

• 13 · Office expenses

  total $59,940 · program services $8,401 · management and general $35,309 · fundraising $16,230

• 14 · Information technology

  total $80,356 · program services $13,657 · management and general $45,365 · fundraising $21,334

• 16 · Occupancy

  total $136,949 · program services $23,065 · management and general $77,484 · fundraising $36,400

• 17 · Travel

  total $7,675 · program services $2,685 · management and general $3,115 · fundraising $1,875

• 19 · Conferences, conventions and meetings

  total $99,367 · program services $23,254 · management and general $33,135 · fundraising $42,978

• 22 · Depreciation, depletion and amortization

  total $45,251 · program services $7,621 · management and general $25,603 · fundraising $12,027

• 23 · Insurance

  total $9,218 · management and general $9,218

• 24a · Other expenses: PRINTING AND MAILINGS

  total $78,068 · program services $3,732 · management and general $56,146 · fundraising $18,190

• 24b · Other expenses: MEMBERSHIPS, DUES AND S

  total $20,087 · program services $2,815 · management and general $12,244 · fundraising $5,028

• 24c · Other expenses: GIVING PARTNERS FUND AD

  total $3,794 · fundraising $3,794

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $427,567 · end of year $500,750

• 2 · Savings and temporary cash investments

  beginning of year $24,541,539 · end of year $23,409,472

• 3 · Pledges and grants receivable

  beginning of year $1,706,617 · end of year $2,489,114

• 4 · Accounts receivable

  beginning of year $438,326 · end of year $665,013

• 9 · Prepaid expenses and deferred charges

  beginning of year $32,738 · end of year $26,859

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

  $750,433

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

  $604,423

• 10c · Land, buildings and equipment, net

  beginning of year $185,522 · end of year $146,010

• 11 · Investments: publicly traded securities

  beginning of year $16,311,040 · end of year $26,022,119

• 12 · Investments: other securities

  beginning of year $228,125,695 · end of year $240,345,093

• 15 · Other assets

  beginning of year $609,247 · end of year $505,307

• 17 · Accounts payable and accrued expenses

  beginning of year $216,827 · end of year $203,364

• 18 · Grants payable

  beginning of year $884,150 · end of year $1,066,650

• 25 · Other liabilities

  beginning of year $33,783,596 · end of year $36,666,345

• 27 · Net assets without donor restrictions

  beginning of year $237,000,390 · end of year $255,764,448

• 28 · Net assets with donor restrictions

  beginning of year $493,328 · end of year $408,930

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION HAS ONE "NONPROFIT" CATEGORY MEMBERSHIP TO A BUSINESS SOCIAL CLUB. THE CLUB REQUIRES THAT THE MEMBERSHIP BE HELD IN THE NAME OF AN INDIVIDUAL, IN THIS CASE, THE PRESIDENT/CEO OF THE ORGANIZATION. THE CLUB IS USED BY THE ORGANIZATION AND THE PRESIDENT/CEO FOR BUSINESS PURPOSES, I.E. LUNCH MEETINGS WITH DONORS OR COMMUNITY LEADERS OR HOSTING PRESENTATIONS AND EVENTS. PERSONAL USE IS MINIMAL. MONTHLY DUES ARE PAID BY THE ORGANIZATION IN FULL. MONTHLY INVOICES FROM THE CLUB ARE REVIEWED IN DETAIL AND, IF THERE ARE CHARGES FOR PERSONAL USE, THEY ARE PAID DIRECTLY BY THE EMPLOYEE.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• MCF HOLDINGS LLC

  LAND HOLDING · WI · income $0 · assets $0

  Directly controlled by MCF