Block 100 Foundation Inc
- Assets
- $18.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Middleton, WI
- Founding
- 05/2012
- Data as of
- 12/2022
- EIN
- 27-5099631
Organization Overview
Block 100 Foundation Inc is located in Middleton, WI. The organization was established in 2012. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Block 100 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 12/2022, Block 100 Foundation Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE CITY OF MADISON, WISCONSIN TO: (1) REMOVE BLIGHT AND STABILIZE THE BUILDINGS ADJACENT TO THE STATE CAPITOL, OVERTURE CENTER FOR THE ARTS, THE STATE OF WISCONSIN HISTORICAL MUSEUM, AND THE CITY OF MADISON CENTRAL LIBRARY, AND (2) SUPPORT CHARITABLE ORGANIZATIONS INCLUDING THE OVERTURE CENTER FOR THE ARTS, BY PROVIDING SUPPORT FOR THE OPERATIONS, MAINTENANCE, AND RENOVATION OF SUCH PUBLIC AND CHARITABLE PROPERTIES IN ORDER TO MAINTAIN THEM IN SOUND CONDITION AND TO PREVENT DETERIORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pleasant T Rowland Director | 5 | $0 | |
Grant J Frautschi Director/president | 5 | $0 | |
W Jerome Frautschi Director/treasurer | 5 | $0 | |
George E Austin Director | 5 | $0 | |
Margo Belz Director/secretary | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Potter Lawson | 12/30/14 | $71,785 |
Jh Findorf & Son | 12/30/14 | $3,981,420 |
Rg Harriman | 12/30/14 | $51,266 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,793 |
| Dividends & Interest | $0 |
| Net Rental Income | -$38,157 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,116,192 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $20,335 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $115,735 |
| Depreciation | $611,066 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $25 |
| Printing and publications | $0 |
| Other expenses | $339,270 |
| Total operating and administrative expenses | $1,155,705 |
| Contributions, gifts, grants paid | $400,000 |
| Total expenses and disbursements | $1,555,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $797,317 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,937 |
| 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 | $917 |
| Net Investments - land, buildings, equipment | $17,918,554 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,719,725 |
| Accounts payable and accrued expenses | $287,267 |
| Grants payable | $0 |
| Deferred revenue | $35,423 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $147,566 |
| Total liabilities | $470,256 |
Grants Awarded
Over the last fiscal year, Block 100 Foundation Inc has awarded $400,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MMOCA PURPOSE: TO CONTRIBUTE TO THE CULTURAL ARTS IN THE CITY OF MADISON. | $100,000 |
OVERTURE CENTER PURPOSE: TO CONTRIBUTE TO THE CULTURAL ARTS IN THE CITY OF MADISON. | $300,000 |