Couleecap Inc
- Assets
- $20.2m
- Revenue
- $12.0m
- Investments
- $27.3k
- Employees
- 78
- Location
- Westby, WI
- Founding
- 08/1966
- Data as of
- 12/2023
- 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 12/2023, Couleecap Inc employed 78 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 12/2023, Couleecap Inc generated $12.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $10.4m during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 9 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
2023
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.
BUSINESS DEVELOPMENT, EMPLOYMENT, AND TRANSPORTATION SERVICES - ASSISTS LOW-INCOME INDIVIDUALS TO START SMALL BUSINESSES THROUGH TECHNICAL ASSISTANCE AND BUSINESS LOANS; PROVIDES TRAINING SERVICES TO ADULTS AND YOUTH; ASSISTS LOW-INCOME WORKERS TO PURCHASE AND REPAIR CARS.
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, INCLUDING ADDITIONAL SERVICES OFFERED DURING THE PANDEMIC.
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 |
|---|---|---|---|
George Kruck Chairman | OfficerTrustee | 2 | $0 |
Maureen Freedland Vice Chairman | OfficerTrustee | 2 | $0 |
Karen Joos Secretary | OfficerTrustee | 2 | $0 |
Michele Engh Treasurer | OfficerTrustee | 2 | $0 |
Nidia Alcantar Director | Trustee | 2 | $0 |
Kristina Bechtel Director (thru 02/23) | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
H & N Plumbing & Heating Inc Plumbing Contractor | 12/30/23 | $684,978 |
7 Rivers Mechanical Llc Hvac/plumbing Contractor | 12/30/23 | $637,875 |
Knight Barry Title United Llc Totle Services For Affordable Housing Pr | 12/30/23 | $525,060 |
Miller Heating & Air Llc Hvac Contractor | 12/30/23 | $485,563 |
Olson Solar Energy Llc Solar And Energy Contractor | 12/30/23 | $124,957 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $106,467 |
| Membership dues | $0 |
| Fundraising events | $24,863 |
| Related organizations | $0 |
| Government grants | $9,263,294 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,600,575 |
| Noncash contributions included in lines 1a–1f | $885,380 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,995,199 |
| Total Program Service Revenue | $686,204 |
| Investment income | $16,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,026 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$137,360 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,968,523 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,618,170 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $274,258 |
| Compensation of current officers, directors, key employees. | $274,258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,933,331 |
| Pension plan accruals and contributions | $127,098 |
| Other employee benefits | $815,491 |
| Payroll taxes | $264,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,708 |
| Fees for services: Accounting | $34,423 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,819 |
| Advertising and promotion | $2,583 |
| Office expenses | $184,667 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $116,563 |
| Travel | $49,219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,480 |
| Interest | $51,978 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $256,971 |
| Insurance | $84,682 |
| All other expenses | $30,520 |
| Total functional expenses | $10,399,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,117 |
| Savings and temporary cash investments | $3,810,927 |
| Pledges and grants receivable | $1,200,615 |
| Accounts receivable, net | $227,953 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,754,915 |
| Inventories for sale or use | $608,096 |
| Prepaid expenses and deferred charges | $111,454 |
| Net Land, buildings, and equipment | $5,323,999 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $27,344 |
| Investments—program-related | $3,897,070 |
| Intangible assets | $0 |
| Other assets | $1,107,914 |
| Total assets | $20,195,404 |
| Accounts payable and accrued expenses | $691,819 |
| Grants payable | $0 |
| Deferred revenue | $1,501,423 |
| 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 | $2,240,295 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,712,652 |
| Total liabilities | $12,146,189 |
| Net assets without donor restrictions | $5,475,548 |
| Net assets with donor restrictions | $2,573,667 |
| 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 | $20,195,404 |