Couleecap Inc
- Assets
- $14.5m
- Revenue
- $8.4m
- Investments
- $79.6k
- Employees
- 72
- Location
- Westby, WI
- Founding
- 08/1966
- Data as of
- 12/2021
- EIN
- 39-1077614
Organization Overview
Couleecap Inc is located in Westby, WI. The organization was established in 1966. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Couleecap Inc employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Couleecap 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, Couleecap Inc generated $8.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $8.1m during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 7 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
COULEECAP FIGHTS POVERTY AND PROMOTES SELF-SUFFICIENCY FOR PEOPLE. WE IDENTIFY NEEDS, MOBILIZE RESOURCES, AND PROVIDE QUALITY SERVICES TO PEOPLE AND COMMUNITIES IN FOUR COUNTIES OF WESTERN WISCONSIN: CRAWFORD, LACROSSE, MONROE, AND VERNON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING ASSISTANCE - PROVIDES TRANSITIONAL HOUSING FOR THE HOMELESS; PERMANENT HOUSING AND RENTAL ASSISTANCE FOR HOMELESS INDIVIDUALS WITH DISABILITIES; WEATHERIZATION ACTIVITIES; HOUSING REHABILITATION ASSISTANCE TO LOW-INCOME; HOME PURCHASE ASSISTANCE AND HOME BUYER COUNSELING; LOW-INCOME RENTAL HOUSING, DEVELOPMENT OF HOUSING; AND ENSURES THE CONTINUED STEWARDSHIP OF PERMANENTLY AFFORDABLE HOUSING STOCK.
EMERGENCY ASSISTANCE - PROVIDES FOOD; CLOTHING; FUEL ASSISTANCE; EVICTION PREVENTION PAYMENTS; UTILITY PAYMENT ASSISTANCE; EMERGENCY FURNACE REPAIR OR REPLACEMENT; AND INFORMATION AND REFERRAL; AND DISASTER RECOVERY ASSISTANCE.
COMMUNITY COLLABORATION - PARTICIPATION ON LOCAL BOARDS, COMMITTEES, COALITION AND COMMUNITY GROUPS TO IDENTIFY COMMUNITY NEEDS, CREATE PARTNERSHIPS, DEVELOP ACTION PLANS, AND LEVERAGE RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hetti Brown Executive Director | Officer | 40 | $134,192 |
Amy Felber Chief Financial Officer | Officer | 40 | $78,248 |
Maureen Freedland Vice Chairman | OfficerTrustee | 2 | $0 |
George Kruck Chairman | OfficerTrustee | 2 | $0 |
Karen Joos Secretary | OfficerTrustee | 2 | $0 |
Michele Engh Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
H & N Plumbing & Heating Inc Plumbing Contractor | 12/30/21 | $519,559 |
Frontier Homes Sales Llc Rehab Contractor | 12/30/21 | $199,135 |
7 Rivers Mechanical Llc Hvac/plumbing Contractor | 12/30/21 | $323,437 |
Miller Heating & Air Llc Hvac Contractor | 12/30/21 | $324,417 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $114,974 |
| Membership dues | $0 |
| Fundraising events | $19,511 |
| Related organizations | $0 |
| Government grants | $7,522,340 |
| All other contributions, gifts, grants, and similar amounts not included above | $318,750 |
| Noncash contributions included in lines 1a–1f | $901,082 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,975,575 |
| Total Program Service Revenue | $316,083 |
| Investment income | $6,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$595 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$118,294 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,423,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,015,784 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $245,430 |
| Compensation of current officers, directors, key employees. | $245,430 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,807,955 |
| Pension plan accruals and contributions | $102,032 |
| Other employee benefits | $907,684 |
| Payroll taxes | $167,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $350 |
| Fees for services: Accounting | $28,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,167 |
| Advertising and promotion | $0 |
| Office expenses | $189,175 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,499 |
| Travel | $33,766 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,639 |
| Interest | $45,904 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $157,880 |
| Insurance | $63,935 |
| All other expenses | $62,770 |
| Total functional expenses | $8,149,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,336 |
| Savings and temporary cash investments | $2,535,634 |
| Pledges and grants receivable | $752,082 |
| Accounts receivable, net | $120,351 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,554,525 |
| Inventories for sale or use | $389,066 |
| Prepaid expenses and deferred charges | $96,555 |
| Net Land, buildings, and equipment | $2,828,676 |
| Investments—publicly traded securities | $20,125 |
| Investments—other securities | $79,637 |
| Investments—program-related | $3,980,593 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,488,580 |
| Accounts payable and accrued expenses | $721,458 |
| Grants payable | $0 |
| Deferred revenue | $226,122 |
| 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 | $1,182,166 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,171,702 |
| Total liabilities | $11,301,448 |
| Net assets without donor restrictions | $2,258,327 |
| Net assets with donor restrictions | $928,805 |
| 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 | $14,488,580 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Couleecap Inc has recieved totaling $7,702.
| Awarding Organization | Amount |
|---|---|
Robert P Lunke Foundation La Crosse, WI PURPOSE: HUMANITARIAN | $7,702 |
Endowment Analysis
| Beg. Balance | $49,604 |
| Earnings | -$49,604 |