Washington Community Foundation Inc
- Assets
- $892.6k
- Revenue
- $122.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington Island, WI
- Founding
- 07/2008
- Data as of
- 12/2021
- EIN
- 39-1568796
Organization Overview
Washington Community Foundation Inc is located in Washington Island, WI. The organization was established in 2008. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Community 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 12/2021, Washington Community Foundation Inc generated $122.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $57.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.7%) per year over the past 7 years. 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
TO ASSIST THE TOWN OF WASHINGTON'S RECREATION CENTER OPERATIONS AND PROVIDING OF SCHOLARSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE TOWN OF WASHINGTON ISLAND'S RECREATION CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Foss President/tr | OfficerTrustee | 10 | $0 |
Dan Westbrook Vice Preside | OfficerTrustee | 2.5 | $0 |
Jim Catlin Director | Trustee | 0 | $0 |
Daniel Nerenhausen Director | Trustee | 0.5 | $0 |
Helene Meyer Director | Trustee | 5 | $0 |
Hoyt Purinton Director | Trustee | 0.25 | $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 | $77,624 |
| Noncash contributions included in lines 1a–1f | $6,734 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,624 |
| Total Program Service Revenue | $0 |
| Investment income | $17,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,777 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $122,412 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,430 |
| Grants and other assistance to domestic individuals. | $3,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,494 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $165 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $1,000 |
| Total functional expenses | $57,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,070 |
| Savings and temporary cash investments | $38,992 |
| 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 | $850,584 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $892,646 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $782,508 |
| Net assets with donor restrictions | $110,138 |
| 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 | $892,646 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Washington Community Foundation Inc has recieved totaling $63.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $63 |
Endowment Analysis
| Beg. Balance | $234,267 |
| Net Contributions | $83,428 |
| Other Expense | -$234,267 |
| Ending Balance | $83,428 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rimland Services Nfp Evanston, IL | $9,728,915 | $10,325,660 |
Community Workshop & Training Center Inc Peoria, IL | $8,337,130 | $9,328,524 |
Southeastern Minnesota Center For Independent Living Inc Rochester, MN | $15,920,379 | $9,266,306 |
Community Living Alliance Inc Madison, WI | $5,997,811 | $9,392,799 |
Metropolitan Center For Independent Living St Paul, MN | $2,303,590 | $9,187,850 |
Good Shepherd Manor Inc Momence, IL | $2,650,869 | $9,097,845 |
Consumer Services Inc Mason, MI | $3,818,010 | $9,133,531 |
Midwest Special Services Inc Saint Paul, MN | $5,903,622 | $9,663,584 |
Presbyterian Villages Of Michigan Southfield, MI | $39,059,165 | $13,361,695 |
Tri-County Community Action Partnership Inc Little Falls, MN | $2,453,529 | $8,687,217 |
Agape Of Appleton Inc Appleton, WI | $4,000,924 | $8,761,360 |
Michigan 211 Inc Lansing, MI | $2,346,017 | $9,135,117 |