Highlands Foundation Inc
- Assets
- $16.8m
- Revenue
- $1.1m
- Investments
- $16.1m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 03/2006
- Data as of
- 12/2021
- EIN
- 20-3941123
Organization Overview
Highlands Foundation Inc is located in Madison, WI. The organization was established in 2006. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Highlands 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 12/2021, Highlands Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $7.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Highlands Foundation Inc has awarded 36 individual grants totaling $8,854,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan A Bakke President | 1 | $0 | |
James J Bakke Vice President | 1 | $0 | |
Blaine R Renfert Secretary & Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $311,955 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $777,573 |
| Capital Gain Net Income | $777,573 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,089,528 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,386 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,934 |
| Total operating and administrative expenses | $71,741 |
| Contributions, gifts, grants paid | $7,001,500 |
| Total expenses and disbursements | $7,073,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $493,833 |
| Savings and temporary cash investments | $215,781 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $190,457 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,807,622 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Highlands Foundation Inc has awarded $7,001,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Madison, WI PURPOSE: NATATORIUM FUND | $6,900,000 |
Washington, DC PURPOSE: ARTS SUPPORT | $55,000 |
Madison, WI PURPOSE: HUMAN SERVICES | $25,000 |
DOMESTIC ABUSE INTERVENTION SERVICES (DAIS) PURPOSE: HUMAN SERVICES | $10,000 |
Madison, WI PURPOSE: ARTS SUPPORT | $5,000 |
Manitowish, WI PURPOSE: NATURE/ENVIRONMENT SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
The Green Fern Foundation Minneapolis, MN | $108,921,285 | $8,489,620 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |
G Carl Ball Family Foundation West Chicago, IL | $40,772,718 | $1,501,347 |
Andersen Corporate Foundation Bayport, MN | $0 | $11,597,422 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Penske Foundation Inc Bloomfield Hills, MI | $17,008,099 | $10,243,924 |
Northern Trust Foundation Chicago, IL | $8,176,518 | $7,000,250 |
Book Industry Charitable Foundation Ann Arbor, MI | $3,616,056 | $2,208,751 |