The Derse Foundation Inc
- Assets
- $175.0k
- Revenue
- $51.6k
- Investments
- $106.1k
- Employees
- 0
- Location
- Waukesha, WI
- Founding
- 08/1987
- Data as of
- 12/2023
- EIN
- 39-1540822
Organization Overview
The Derse Foundation Inc is located in Waukesha, WI. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Derse 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 12/2023, Derse Foundation Inc generated $51.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $616.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Derse Foundation Inc has awarded 58 individual grants totaling $823,986. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Derse President | 10 | $5,000 | |
Diane Dressler Vice President | 0 | $0 | |
James Derse Secretary | 5 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,610 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,036 |
| Capital Gain Net Income | $38,036 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,646 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $765 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,155 |
| Printing and publications | $0 |
| Other expenses | $2,557 |
| Total operating and administrative expenses | $26,121 |
| Contributions, gifts, grants paid | $590,571 |
| Total expenses and disbursements | $616,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,846 |
| Savings and temporary cash investments | $4,025 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,053 |
| Other assets | $0 |
| Total assets | $175,025 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Derse Foundation Inc has awarded $590,571 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ICE AGE TRAIL ALLIANCE PURPOSE: ENVIRONMENTAL SUPPORT | $100,100 |
INTERNATIONAL CRANE FOUNDATION PURPOSE: ENVIRONMENTAL SUPPORT | $126,287 |
MILWAUKEE REPERTORY THEATER PURPOSE: ARTS & CULTURE SUPPORT | $213 |
OLD WORLD WISCONSIN FOUNDATION PURPOSE: EDUCATIONAL SUPPORT | $50,000 |
ALDO LEOPOLD FOUNDATION PURPOSE: ENVIRONMENTAL SUPPORT | $100,000 |
NELSON INSTITUTE PURPOSE: ENVIRONMENTAL SUPPORT | $25,000 |