Black River Falls Area Foundation
- Assets
- $4.9m
- Revenue
- $572.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Black River Falls, WI
- Founding
- 10/1987
- Data as of
- 12/2022
- 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 12/2022, Black River Falls Area Foundation generated $572.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $572.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Black River Falls Area Foundation has awarded 95 individual grants totaling $2,866,917. 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
2022
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kay A Finch Chairman | OfficerTrustee | 10 | $0 |
Dave Hoffman Vice Chairman | OfficerTrustee | 10 | $0 |
Michael Dougherty Co-Treasurer | OfficerTrustee | 10 | $0 |
Ashley Ahl Co-Treasurer | OfficerTrustee | 10 | $0 |
Kristi Hanson Secretary | OfficerTrustee | 10 | $0 |
Jim Bible Trustee | 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 | $463,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $463,055 |
| Total Program Service Revenue | $0 |
| Investment income | $86,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,915 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $572,364 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $373,881 |
| Grants and other assistance to domestic individuals. | $110,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $21,576 |
| Compensation of current officers, directors, key employees. | $7,205 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,276 |
| 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 | $15,686 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,064 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,528 |
| Office expenses | $11,180 |
| Information technology | $12,124 |
| 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 | $977 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,200 |
| All other expenses | $0 |
| Total functional expenses | $572,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $404,587 |
| Savings and temporary cash investments | $735,445 |
| 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 | $3,806,803 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,946,835 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $66,371 |
| 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 | $25,750 |
| Total liabilities | $92,121 |
| Net assets without donor restrictions | $264,441 |
| Net assets with donor restrictions | $4,590,273 |
| 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 | $4,946,835 |
Grants Awarded
Over the last fiscal year, Black River Falls Area Foundation has awarded $351,565 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
JC INTERFAITH CAREGIVERS PURPOSE: BRF AREA FOUNDATION DONATITON TO BUILDUING FUND | $157,500 |
CITY OF BLACK RIVER FALLS - SKYLINE GOLF COURSE PURPOSE: BAR REMODEL AND DUBS YOUNG MEMORIAL DECK PROJECT | $60,952 |
BLACK RIVER FALLS UNITED METHODIST CHURCH PURPOSE: DIRECT DISBURSE FOR PETER & JONE HOFFMAN | $33,000 |
CITY OF BLACK RIVER FALLS PUBLIC LIBRARY PURPOSE: DIRECT DISBURSE FROM T&K FINCH AND ANNUAL DISBURSE FOR HISTORY ROOM | $22,902 |
BOYS & GIRLS CLUB OF JACKSON COUNTY PURPOSE: GRANT TO PURCHASE NEW VAN AND DIRECTED DONATION FROM CARL HERRMANN AND JOAN HIGGINS | $13,000 |
VILLAGE OF ALMA CENTER - FIRE DEPARTMENT PURPOSE: 2022 GRANT FROM ACACF AND DD DONATION FROM T&K FINCH | $11,600 |