Black River Falls Area Foundation
- Assets
- $5.5m
- Revenue
- $753.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Black River Falls, WI
- Founding
- 10/1987
- Data as of
- 12/2021
- EIN
- 39-1563654
Organization Overview
Black River Falls Area Foundation is located in Black River Falls, WI. The organization was established in 1987. According to its NTEE Classification (T31) the organization is classified as: Community 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. Black River Falls Area Foundation 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, Black River Falls Area Foundation generated $753.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $807.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Black River Falls Area Foundation has awarded 82 individual grants totaling $2,515,352. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE IN THE BLACK RIVER FALLS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS APPROVED BY THE BOARD OF TRUSTEES PAID TO VARIOUS ORGANIZATIONS THAT WILL BENEFIT THE BLACK RIVER FALLS AREA.
SCHOLARSHIPS PAID TO SATISFY VARIOUS DONOR RESTRICTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Murray Executive Director | Officer | 40 | $21,576 |
Michael Dougherty Co-Treasurer | OfficerTrustee | 4 | $0 |
Dave Hoffman Vice Chairman | OfficerTrustee | 3 | $0 |
Ashley Ahl Co-Treasurer | OfficerTrustee | 2 | $0 |
Kristi Hanson Secretary | OfficerTrustee | 1 | $0 |
Gil Homstad Chairman (thru Dec) | OfficerTrustee | 6 | $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 | $663,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $663,042 |
| Total Program Service Revenue | $0 |
| Investment income | $33,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,660 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $753,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $650,453 |
| Grants and other assistance to domestic individuals. | $95,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $21,756 |
| Compensation of current officers, directors, key employees. | $7,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,544 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,252 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,577 |
| Office expenses | $7,671 |
| Information technology | $124 |
| Royalties | $0 |
| Occupancy | $7,500 |
| 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 | $1,200 |
| All other expenses | $6,400 |
| Total functional expenses | $807,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,769 |
| Savings and temporary cash investments | $3,231,415 |
| 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 | $2,239,666 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,475,850 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $100,322 |
| 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 | $0 |
| Total liabilities | $100,322 |
| Net assets without donor restrictions | $411,984 |
| Net assets with donor restrictions | $4,963,544 |
| 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 | $5,475,850 |
Grants Awarded
Over the last fiscal year, Black River Falls Area Foundation has awarded $624,612 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Black River Falls, WI PURPOSE: NEW BUILDING, OPERATING EXPENSES, COVID 19 GRANT | $280,000 |
CITY OF BLACK RIVER FALLS PURPOSE: GOLF CART PROJECT, 2021 GRANT FOR THERMAL IMAGING CAMERA, DIRECT DISBURSEMENT GIFT FROM TIM & KAY FINCH, 2021 GRANT FOR REPLACING THE NORTH ENTRY GATE | $189,695 |
VILLAGE OF ALMA CENTER - FIRE DEPARTMENT PURPOSE: 2021 GRANT FOR 24 FIRE HELMETS, DIRECT DISBURSEMENT GIFT FROM TIM & KAY FINCH, 2021 ACACF GRANT | $24,760 |
Eau Claire, WI PURPOSE: DIRECT DISBURSEMENT FROM PETER & JONE HOFFMAN FUND AND DIRECT DISBURSEMENT GIFT FROM TIM & KAY FINCH | $24,500 |
Eau Claire, WI PURPOSE: DIRECT DISBURSEMENT GIFT FROM TIM & KAY FINCH AND 2021 GRANT FOR REPLACE AND INSTALL NEW BOILER | $16,345 |
BLACK RIVER FALLS AREA SCHOOL DISTRICT PURPOSE: 2021 BRF-EEF GRANT DISBURSEMENTS | $15,761 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Black River Falls Area Foundation has recieved totaling $272,546.
| Awarding Organization | Amount |
|---|---|
Tim & Kay Finch Foundation Inc Merrillan, WI PURPOSE: SKYLINE GOLF COURSE UPKEEP AND OTHER PROJECTS | $264,210 |
Lunda Charitable Fund Inc Black River Falls, WI PURPOSE: CAPITAL IMPROVEMENT CAMPAIGN | $8,000 |
Alliant Energy Foundation Inc Madison, WI PURPOSE: MATCHING GIFTS | $300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $36 |
Endowment Analysis
| Beg. Balance | $787,129 |
| Earnings | $1,388 |
| Net Contributions | $600 |
| Grants | $119,871 |
| Ending Balance | $669,246 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Southeast Michigan Detroit, MI | $1,124,768,291 | $250,946,101 |
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Elks National Foundation Inc Chicago, IL | $936,472,552 | $62,047,958 |
Battle Creek Community Foundation Battle Creek, MI | $135,380,333 | $32,635,612 |
Kalamazoo Community Foundation Kalamazoo, MI | $677,092,659 | $78,067,850 |
Grand Rapids Community Foundation Grand Rapids, MI | $425,971,455 | $49,247,168 |
Catholic Community Foundation Of Minnesota St Paul, MN | $510,001,439 | $72,097,381 |