- Revenue 2024
- $2,540,156
- Expenses 2024
- $821,248
Program services were 85.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- T31
- Classification
- 1000
- Street
- PO BOX 351
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Mission and programs · 2024
Mission
TO PROVIDE FOR THE BETTERMENT OF WATERTOWN, WISCONSIN AND THE SURROUNDING AREA AND PROMOTE THE ENHANCEMENT OF THE QUALITY OF LIFE FOR ITS PEOPLE.
-
SCHOLARSHIP FUNDING AND COMMUNITY PROJECTS FOR THE PURPOSE OF HIGHER EDUCATION AND COMMUNITY IMPROVEMENT. FUNDING IS AWARDED BASED ON MERIT AND NEED.
Expenses $701,517 · Grants $701,517
As filed on the 2024 return.
Officers and directors · 2024
As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
Tom SchultzTOM SCHULTZ
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Bill OswaldBILL OSWALD
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Mike HoppenrathMIKE HOPPENRATH
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Sue RhodesSUE RHODES
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Susanne BradowSUSANNE BRADOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sandra BudewitzSANDRA BUDEWITZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Amy BuchholtzAMY BUCHHOLTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kevin CliffordKEVIN CLIFFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Deb FischerDEB FISCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tom LeviTOM LEVI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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. Earlier years are each on their own filing page.
Filings
-
2024
- Revenue
- $2,540,156
- Expenses
- $821,248
- Contributions
- $1,294,802
- Grants paid
- $701,517
-
2023
- Revenue
- $4,112,069
- Expenses
- $726,849
- Contributions
- $3,751,165
- Grants paid
- $589,508
-
2022
- Revenue
- $1,934,030
- Expenses
- $569,063
- Contributions
- $1,717,973
- Grants paid
- $483,675
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Other returns filed
-
2021 · 990
- Revenue
- $2,099,270
- Expenses
- $887,423
- Assets (EOY)
- $12,542,679
-
2020 · 990
- Revenue
- $3,519,150
- Expenses
- $2,477,463
- Assets (EOY)
- $13,232,298
-
2019 · 990
- Revenue
- $5,964,989
- Expenses
- $2,893,787
- Assets (EOY)
- $10,486,564
Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.
Grants made
-
$243,323
2024 1ST KINDERGARTEN PROJECT
-
CITY OF WATERTOWN
$75,000
2022 LIBRARY EXPANSION, CHRISTMAS DECORATION, TOWN SQUARE
-
$50,000
2023 YEAR 1 OF 5 DONATION COMMITMENTS
-
$50,000
2024 YEAR 2 OF 5 DONATION COMMITMENTS
-
CITY OF WATERTOWN
$7,000
2023 LIBRARY EXPANSION, CHRISTMAS DECORATION, TOWN SQUARE
-
$6,700
2023 1ST KINDERGARTEN PROJECT
Grants received
-
FIFTH THIRD CHARITABLE GIFT FUND
$550,000
2023 FOR THE ORGANIZATION'S GENERAL CHARITABLE PURPOSES
-
FIFTH THIRD CHARITABLE GIFT FUND
$515,000
2022 FOR THE ORGANIZATION'S GENERAL CHARITABLE PURPOSES
-
FIFTH THIRD CHARITABLE GIFT FUND
$300,000
2024 FOR THE ORGANIZATION'S GENERAL CHARITABLE PURPOSES
-
$100,000
2023 HEALTH
-
$50,000
2024 PUBLIC, SOCIETAL BENEFIT
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 13 October 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.