Hodag Schools Foundation Inc
- Assets
- $965.5k
- Revenue
- $215.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Rhinelander, WI
- Founding
- 07/2003
- Data as of
- 06/2022
- EIN
- 05-0572723
Organization Overview
Hodag Schools Foundation Inc is located in Rhinelander, WI. The organization was established in 2003. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hodag Schools Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Hodag Schools Foundation Inc generated $215.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $541.6k during the year ending 06/2022. While expenses have increased by 19.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT FOR QUALITY PROGRAMS AND FACILITIES WHICH BENEFIT STUDENTS AND PROMOTE EXCELLENCE IN THE SCHOOL DISTRICT OF RHINELANDER, AND THE ENTIRE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL IMPROVEMENT AND EDUCATIONAL SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Bronson Treasurer/se | OfficerTrustee | 2 | $0 |
David Heck President | OfficerTrustee | 2 | $0 |
Mike Roberts Vice Preside | OfficerTrustee | 1 | $0 |
Eric Burke Ex-Officio | Trustee | 1 | $0 |
Brian Gaber Director | Trustee | 1 | $0 |
Steven Jensen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $207,497 |
| Noncash contributions included in lines 1a–1f | $171,654 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,497 |
| Total Program Service Revenue | $0 |
| Investment income | $247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,515 |
| Net Income from Fundraising Events | -$22,921 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,338 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $530,140 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $324 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,400 |
| All other expenses | $0 |
| Total functional expenses | $541,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,009 |
| Savings and temporary cash investments | $190,335 |
| Pledges and grants receivable | $757,495 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,662 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $965,501 |
| Accounts payable and accrued expenses | $279 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $279 |
| Net assets without donor restrictions | $53,682 |
| Net assets with donor restrictions | $911,540 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $965,501 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hodag Schools Foundation Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Paul J White Family Foundation Deephaven, MN PURPOSE: GENERAL OPERATING | $25,000 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |