Viroqua Area Foundation
- Assets
- $3.4m
- Revenue
- $938.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Viroqua, WI
- Founding
- 11/1989
- Data as of
- 12/2021
- EIN
- 39-1603279
Organization Overview
Viroqua Area Foundation is located in Viroqua, WI. The organization was established in 1989. 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. Viroqua 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, Viroqua Area Foundation generated $938.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $445.7k during the year ending 12/2021. While expenses have increased by 1.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE AND PROMOTE WORTHWHILE CHARITABLE ENTERPRISE IN AND AROUND THE VIROQUA AREA. THE FOUNDATION PROVIDES A MECHANISM FOR PEOPLE OF GOODWILL INTERESTED IN THE VIROQUA AREA TO MAKE DONATIONS FOR THE IMPROVEMENT OF QUALITY OF LIFE WITHIN THE AREA FOR PRESENT AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DISTRIBUTES COMMUNITY SCHOLARSHIPS TO QUALIFYING STUDENTS AT LOCAL SCHOOLS BASED UPON GRADE POINT, NEED, AND RESIDENCY.
THE FOUNDATION OPERATES OTHER PROGRAMS FOR GRANTS TO THE VIROQUA COMMUNITY FOR PURPOSES OF COMMUNITY IMPROVEMENT AND BETTERMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Malliet Treasurer | OfficerTrustee | 10 | $1,000 |
Angela Lawrence Secretary | OfficerTrustee | 4 | $100 |
George Hopkins President | OfficerTrustee | 1 | $0 |
Mark Brueggen Member | Trustee | 1 | $0 |
Angie Dahl Member | Trustee | 1 | $0 |
Paul Buhr Member | 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 | $860,562 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $860,562 |
| Total Program Service Revenue | $0 |
| Investment income | $12,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,412 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $938,891 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,700 |
| Grants and other assistance to domestic individuals. | $82,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,100 |
| Compensation of current officers, directors, key employees. | $1,100 |
| 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 | $0 |
| Fees for services: Accounting | $5,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $991 |
| All other expenses | $7,418 |
| Total functional expenses | $445,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $322,178 |
| Pledges and grants receivable | $68,846 |
| 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 | $3,013,324 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,404,348 |
| Accounts payable and accrued expenses | $5,578 |
| 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 | $5,578 |
| Net assets without donor restrictions | $144,262 |
| Net assets with donor restrictions | $3,254,508 |
| 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 | $3,404,348 |
Grants Awarded
Over the last fiscal year, Viroqua Area Foundation has awarded $28,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Westby, WI | | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Viroqua Area Foundation has recieved totaling $18,000.
| Awarding Organization | Amount |
|---|---|
James P Bigley Foundation Inc Deforest, WI PURPOSE: SUPPORT THE ORGANIZATION'S MISSION | $18,000 |
Endowment Analysis
| Beg. Balance | $2,355,322 |
| Earnings | $277,424 |
| Net Contributions | $341,355 |
| Grants | $89,500 |
| Ending Balance | $2,884,601 |
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 |