Foundations For Living
- Assets
- $536.7k
- Revenue
- $469.2k
- Investments
- $0.0
- Employees
- 9
- Location
- Waupaca, WI
- Founding
- 11/2011
- Data as of
- 12/2022
- EIN
- 27-4017294
Organization Overview
Foundations For Living is located in Waupaca, WI. The organization was established in 2011. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Foundations For Living employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundations For Living 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 12/2022, Foundations For Living generated $469.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $346.1k during the year ending 12/2022. While expenses have increased by 15.7% per year over the past 8 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 EMPOWER PEOPLE TO BECOME INDEPENDENT AND SELF-SUFFICIENT BY PROVIDING FAITH-BASED ADVOCACY, EDUCATION, EMOTIONAL SUPPORT, AND RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EMPOWER PEOPLE TO BECOME INDEPENDENT AND SELF-SUFFICIENT BY PROVIDING FAITH-BASED ADVOCACY, EDUCATION, EMOTIONAL SUPPORT AND RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Madson Chairman | Trustee | 0 | $0 |
Rand Swenson Vice Chairman | Trustee | 0 | $0 |
Debra Ann Schmidt Secretary | Trustee | 0 | $0 |
Richard Vanman Treasurer | Trustee | 0 | $0 |
James Mccarthy Member | Trustee | 0 | $0 |
Robert Adams Executive Dir. | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $152,498 |
| All other contributions, gifts, grants, and similar amounts not included above | $269,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $422,318 |
| Total Program Service Revenue | $46,044 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $800 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $469,175 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $55,993 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,848 |
| Fees for services: Accounting | $541 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,190 |
| Office expenses | $3,552 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,948 |
| Travel | $422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,633 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,418 |
| Insurance | $9,413 |
| All other expenses | $28,112 |
| Total functional expenses | $346,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,010 |
| Savings and temporary cash investments | $154,363 |
| 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 | $269,369 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $536,742 |
| Accounts payable and accrued expenses | $12,642 |
| 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 | $12,642 |
| Net assets without donor restrictions | $524,100 |
| Net assets with donor restrictions | $0 |
| 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 | $536,742 |