Rusk County Community Foundation
- Assets
- $3.5m
- Revenue
- $122.6k
- Investments
- $3.5m
- Employees
- 0
- Location
- Ladysmith, WI
- Founding
- 11/2008
- Data as of
- 06/2022
- EIN
- 26-0394674
Organization Overview
Rusk County Community Foundation is located in Ladysmith, WI. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public 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. Rusk County Community Foundation 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, Rusk County Community Foundation generated $122.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $73.7k during the year ending 06/2022. 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 PROFESSIONALLY MANAGED SERVICES BY WHICH INDIVIDUALS, FAMILIES, AND BUSINESSES CAN CONTRIBUTE THROUGH LIFETIME AND ESTATE GIFTS FOR THE BETTERMENT OF THEIR RUSK COUNTY COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIVE365RUSK - LOCAL PHILANTHROPIC MEMBERSHIP FOR MODEST NON-ENDOWED DONORS TO VOTE (GIVE INPUT) ON HOW CERTAIN GRANTS ARE TO BE AWARDED. TOTAL GRANTS AWARDED LOCALLY TOTALED $8,500 TO AREA NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aileen Tauchen Secretary | OfficerTrustee | 4 | $0 |
Kevin Smith Treasurer | OfficerTrustee | 15 | $0 |
Deb Klein Vice Chair | OfficerTrustee | 3 | $0 |
Bev Dukerschein Chair | OfficerTrustee | 6 | $0 |
Sarah Lundgren Director | Trustee | 0.5 | $0 |
Kyle Jeffress Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $123,647 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,647 |
| Total Program Service Revenue | $0 |
| Investment income | $466 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,502 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $122,611 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $67,618 |
| 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 | $64 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,432 |
| Office expenses | $373 |
| 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 | $1,304 |
| All other expenses | $815 |
| Total functional expenses | $73,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,708 |
| Savings and temporary cash investments | $25,636 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $28,254 |
| Investments—other securities | $3,467,231 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,537,829 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,583,671 |
| Total liabilities | $1,583,671 |
| Net assets without donor restrictions | $70,598 |
| Net assets with donor restrictions | $1,883,560 |
| 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 | $3,537,829 |
Grants Awarded
Over the last fiscal year, Rusk County Community Foundation has awarded $25,341 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOOL DISTRICT OF LADYSMITH PURPOSE: TO SUPPORT EDUCATIONAL ENRICHMENT AT THE SCHOOL DISTRICT OF LADYSMITH | $19,641 |
Rice Lake, WI PURPOSE: PROGRAM SUPPORT | $5,700 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rusk County Community Foundation has recieved totaling $28.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Endowment Analysis
| Beg. Balance | $2,122,483 |
| Earnings | -$274,286 |
| Admin Expense | $31,321 |
| Net Contributions | $119,202 |
| Grants | $52,518 |
| Ending Balance | $1,883,560 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
Community Foundation For The Land Of Lincoln Inc Springfield, IL | $62,800,465 | $16,636,147 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Chicago Cubs Charities Chicago, IL | $11,765,252 | $2,315,259 |
Delta Dental Of Illinois Foundation Naperville, IL | $25,024,389 | $3,455,775 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Detroit Childrens Fund Detroit, MI | $4,764,612 | $6,678,705 |
Chicago Scholarship Fund Inc Chicago, IL | $0 | $5,200,805 |
Mercy Health Corporation Rockford, IL | $1,246,524,503 | $10,286,365 |