The Stateline Community Foundation Inc
- Assets
- $14.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Beloit, WI
- Founding
- 08/1987
- Data as of
- 12/2023
- EIN
- 39-1585271
Organization Overview
The Stateline Community Foundation Inc is located in Beloit, 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. As of 12/2023, Stateline Community Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stateline 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 12/2023, Stateline Community Foundation Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 7.6% 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.
Since 2014, Stateline Community Foundation Inc has awarded 149 individual grants totaling $1,902,291. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
STATELINE COMMUNITY FOUNDATION IS DEDICATED TO IDENTIFYING AND RESPONDING TO COMMUNITY NEEDS THROUGH STRATEGIC PARTNERSHIPS, INFORMED GRANTMAKING, AND INSPIRED PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCF MANAGED 169 FUNDS IN 2023 INCLUDING 6 NEW FUNDS ALL GOVERNED BY FORMAL AGREEMENTS INDICATING THE DONOR'S CHARITABLE INTENT. CONTRIBUTIONS OF $1,846,964 WERE MADE BY 443 DONORS. THE COMPETITIVE GRANT PROGRAM MADE 170 GRANTS TO 73 AGENCIES SUPPORTING ANIMAL AND ENVIRONMENTAL WELFARE, THE ARTS, COMMUNITY DEVELOPMENT, CAPACITY BUILDING, EDUCATION, AND HEALTH AND HUMAN SERVICES IN OUR SERVICE AREA. SCFS ROBUST SCHOLARSHIP PROGRAM AWARDED 89 SCHOLARSHIPS TO 69 HIGH SCHOOL GRADUATES AND ADULT LEARNERS. 57 VOLUNTEERS REVIEWED THE APPLICATIONS OF BOTH COMPETITIVE PROGRAMS. THE WOMEN'S FUND ADDRESSES FUNDING GAPS IN THE NEEDS OF WOMEN AND GIRLS IN BELOIT FOCUSING ON: HEALTH AND STABILITY, SAFETY AND SECURITY, OPPORTUNITY, AND LEADERSHIP. THE LITERACY FOR LIFE INITIATIVE FOCUSES ON THE BENEFITS OF PARENT-CHILD COMMUNICATION INCLUDING IMPROVED OUTCOMES IN HEALTH, EDUCATION, TEEN RISK BEHAVIORS, CRIME, INCOME, AND EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Sitrick Joyce Chair | OfficerTrustee | 1 | $0 |
Bill Lock Immediate Past Chair | Trustee | 1 | $0 |
Bill Flanagan Secretary | OfficerTrustee | 1 | $0 |
Don Huebschen Treasurer | OfficerTrustee | 1 | $0 |
Bonnie Wetter Director | Trustee | 1 | $0 |
Francisca Reyna Director | 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 | $741,744 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $741,744 |
| Total Program Service Revenue | $56,840 |
| Investment income | $304,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $182,655 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,285,830 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $236,632 |
| Grants and other assistance to domestic individuals. | $164,230 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,510 |
| Compensation of current officers, directors, key employees. | $31,053 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $304,585 |
| Pension plan accruals and contributions | $8,745 |
| Other employee benefits | $37,463 |
| Payroll taxes | $30,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,880 |
| Fees for services: Other | $93,409 |
| Advertising and promotion | $73,190 |
| Office expenses | $16,481 |
| Information technology | $38,686 |
| Royalties | $0 |
| Occupancy | $31,822 |
| Travel | $2,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,054 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,420 |
| Insurance | $1,500 |
| All other expenses | $1,752 |
| Total functional expenses | $1,237,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,291 |
| Savings and temporary cash investments | $808,436 |
| Pledges and grants receivable | $302,109 |
| Accounts receivable, net | $23,584 |
| 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 | $26,092 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,087,519 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $595,381 |
| Total assets | $14,849,412 |
| Accounts payable and accrued expenses | $15,639 |
| Grants payable | $136,569 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,217,001 |
| 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 | $76,726 |
| Total liabilities | $1,445,935 |
| Net assets without donor restrictions | $1,293,314 |
| Net assets with donor restrictions | $12,110,163 |
| 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 | $14,849,412 |
Grants Awarded
Over the last fiscal year, The Stateline Community Foundation Inc has awarded $216,898 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BELOIT COLLEGE PURPOSE: SCHOLARSHIPS | $7,095 |
BELOIT CARES INC PURPOSE: HEALTH AND HUMAN SERVICES | $5,928 |
BELOIT HEALTH SYSTEM PURPOSE: HEALTH AND HUMAN SERVICES | $6,050 |
BELOIT HISTORICAL SOCIETY PURPOSE: ARTS AND CULTURE | $10,364 |
BELOIT JANESVILLE SYMPHONY ORCHESTRA INC PURPOSE: ARTS AND CULTURE | $12,350 |
BELOIT MEALS ON WHEELS INC PURPOSE: HEALTH AND HUMAN SERVICES | $10,300 |