Capitol Lakes Foundation Inc
- Assets
- $1.8m
- Revenue
- $318.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 03/2009
- Data as of
- 09/2021
- EIN
- 38-3781089
Organization Overview
Capitol Lakes Foundation Inc is located in Madison, WI. The organization was established in 2009. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capitol Lakes 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 09/2021, Capitol Lakes Foundation Inc generated $318.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $196.9k during the year ending 09/2021. While expenses have increased by 15.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACQUIRE, HOLD, AND DISTRIBUTE GIFTS TO CAPITOL LAKES, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND ALLOCATIONS/OUTLAYS ACCORDING TO DONORS' SPECIFIC REQUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Johannsen Chair | OfficerTrustee | 1 | $0 |
Kristin Vater Vice Chair | OfficerTrustee | 1 | $0 |
Patrick Carroll Treasurer | OfficerTrustee | 1 | $0 |
Connie Bakker Secretary | OfficerTrustee | 1 | $0 |
Tim Conroy Director, Administrative | Trustee | 1 | $0 |
Natasha Killian Director, Administrative | Trustee | 1 | $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 | $246,575 |
| Noncash contributions included in lines 1a–1f | $16,396 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,575 |
| Total Program Service Revenue | $0 |
| Investment income | $22,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,428 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $318,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,000 |
| 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. | $52,778 |
| Compensation of current officers, directors, key employees. | $52,778 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,649 |
| Pension plan accruals and contributions | $857 |
| Other employee benefits | $0 |
| Payroll taxes | $4,556 |
| Fees for services: Management | $1 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,368 |
| Fees for services: Other | $1,550 |
| Advertising and promotion | $4,576 |
| Office expenses | $1,047 |
| 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 | $3,733 |
| All other expenses | $0 |
| Total functional expenses | $196,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,504 |
| Savings and temporary cash investments | $0 |
| 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 | $1,681,141 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,775,645 |
| Accounts payable and accrued expenses | $1,979 |
| 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 | $7,033 |
| Total liabilities | $9,012 |
| Net assets without donor restrictions | $857,653 |
| Net assets with donor restrictions | $908,980 |
| 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 | $1,775,645 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Capitol Lakes Foundation Inc has recieved totaling $1,582.
| Awarding Organization | Amount |
|---|---|
Alliant Energy Foundation Inc Madison, WI PURPOSE: MATCHING GIFTS | $817 |
A P Jensen Foundation Inc Hinsdale, IL PURPOSE: GENERAL OPERATING SUPPORT | $500 |
Francis & Laurence Weinstein Foundation Inc Madison, WI PURPOSE: GENERAL OPERATIONS | $265 |
Endowment Analysis
| Beg. Balance | $76,327 |
| Ending Balance | $76,327 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fox Run Village Inc Novi, MI | $460,113,194 | $70,545,249 |
Eventide Moorhead, MN | $123,722,101 | $65,835,602 |
Csi-Derby Street Nonprofit Housing Corporation Warren, MI | $670,695 | $62,509,360 |
Tarrant County Senior Living Center Inc West Des Moines, IA | $161,252,746 | $23,022,366 |
Barton Creek Senior Living Center Inc West Des Moines, IA | $120,925,043 | $23,689,068 |
Presbyterian Homes And Services Roseville, MN | $66,716,638 | $30,662,544 |
Washington & Jane Smith Community- Orland Park Orland Park, IL | $98,659,201 | $23,019,583 |
Clark Retirement Community Inc Grand Rapids, MI | $96,381,064 | $20,508,927 |
Good Shepherd Lutheran Home Of Sauk Rapids Minnesota Sauk Rapids, MN | $33,093,333 | $25,176,810 |
Resthaven Holland, MI | $35,879,779 | $29,087,420 |
Covenant Retirement Communities Of The Great Lakes Conference Grand Rapids, MI | $46,465,743 | $18,284,551 |
Clare Oaks Bartlett, IL | $26,201,984 | $13,279,793 |