The Stateline Community Foundation Inc
- Assets
- $15.7m
- Revenue
- $1.9m
- Investments
- $624.4k
- Employees
- 5
- Location
- Beloit, WI
- Founding
- 08/1987
- Data as of
- 12/2021
- 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 12/2021, Stateline Community Foundation Inc employed 5 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 12/2021, Stateline Community Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $995.0k during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 7 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 98 individual grants totaling $1,363,777. 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
STATELINE COMMUNITY FOUNDATION, INC. IS A NONPROFIT ORGANIZATION WHICH SERVES AS A VEHICLE FOR GIVING TO THE GREATER BELOIT, WISCONSIN COMMUNITY. THE FOUNDATION'S MISSION IS GENERATING POSITIVE IMPACT. THE FOUNDATION FULFILLS ITS MISSION BY ATTRACTING CHARITABLE FUNDS, USING THOSE PRECIOUS RESOURCES WISELY AND EFFICIENTLY IN ADDRESSING KEY CONCERNS IN THE COMMUNITY, RESPONDING TO ITS EMERGING AND CHANGING NEEDS AND SUSTAINING ITS AGENCIES AND INSTIUTIONS, AND PROVIDING LEADERSHIP TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SUPPORT OF VARIOUS COMMUNITY PROJECTS AND TO AREA NOT-FOR-PROFIT ORGANIZATIONS AND EDUCATIONAL ENTITIES.
SCHOLARSHIPS TO AREA RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara Tinder Executive Di | Officer | 40 | $96,634 |
Joanne Acomb Immediate Pa | OfficerTrustee | 0.7 | $0 |
William Flanagan Secretary | OfficerTrustee | 0.7 | $0 |
Don Huebschen Treasurer | OfficerTrustee | 0.7 | $0 |
Ann Sitrick Joyce Vice Chair | OfficerTrustee | 0.7 | $0 |
Bill Lock Chair | OfficerTrustee | 0.7 | $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 | $793,982 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $793,982 |
| Total Program Service Revenue | $0 |
| Investment income | $403,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $665,211 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,878,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $248,299 |
| Grants and other assistance to domestic individuals. | $117,141 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,533 |
| Compensation of current officers, directors, key employees. | $44,790 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,872 |
| Pension plan accruals and contributions | $5,148 |
| Other employee benefits | $22,041 |
| Payroll taxes | $22,961 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,330 |
| Fees for services: Other | $8,712 |
| Advertising and promotion | $0 |
| Office expenses | $15,767 |
| Information technology | $33,369 |
| Royalties | $0 |
| Occupancy | $27,157 |
| Travel | $41 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,083 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,860 |
| Insurance | $3,721 |
| All other expenses | $137 |
| Total functional expenses | $995,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,159 |
| Savings and temporary cash investments | $343,670 |
| Pledges and grants receivable | $185,451 |
| 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 | $98,240 |
| Net Land, buildings, and equipment | $6,027 |
| Investments—publicly traded securities | $13,886,505 |
| Investments—other securities | $624,412 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $596,808 |
| Total assets | $15,749,272 |
| Accounts payable and accrued expenses | $384 |
| Grants payable | $97,107 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,207,149 |
| 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 | $1,304,640 |
| Net assets without donor restrictions | $13,854,164 |
| Net assets with donor restrictions | $590,468 |
| 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 | $15,749,272 |
Grants Awarded
Over the last fiscal year, The Stateline Community Foundation Inc has awarded $236,274 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Beloit, WI PURPOSE: FOUNDATION GRANTS | $51,250 |
Beloit, WI PURPOSE: FOUNDATION GRANTS | $27,175 |
Clinton, WI PURPOSE: FOUNDATION GRANTS | $22,750 |
Beloit, WI PURPOSE: FOUNDATION GRANTS | $15,000 |
Beloit, WI PURPOSE: FOUNDATION GRANTS | $13,000 |
BELOIT JANESVILLE SYMPHONY INC PURPOSE: FOUNDATION GRANTS | $12,375 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Stateline Community Foundation Inc has recieved totaling $184,801.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $109,800 |
Lans Foundation Roscoe, IL PURPOSE: GENERAL CHARITABLE | $50,000 |
Melvin & Mary Palmer Charitable Tr Chicago, IL PURPOSE: PROGRAM SUPPORT | $21,701 |
Alliant Energy Foundation Inc Madison, WI PURPOSE: MATCHING GIFTS | $2,600 |
Equitable Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $700 |
Endowment Analysis
| Beg. Balance | $12,105,772 |
| Earnings | $1,566,066 |
| Admin Expense | $277,101 |
| Net Contributions | $612,563 |
| Other Expense | $1,538,119 |
| Ending Balance | $12,469,181 |
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 |