Mount Horeb Community Foundation Inc
- Assets
- $2.0m
- Revenue
- $51.8k
- Investments
- $1.9m
- Employees
- 0
- Location
- Mount Horeb, WI
- Founding
- 08/1990
- Data as of
- 12/2022
- EIN
- 39-1626231
Organization Overview
Mount Horeb Community Foundation Inc is located in Mount Horeb, WI. The organization was established in 1990. 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. Mount Horeb 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 12/2022, Mount Horeb Community Foundation Inc generated $51.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $123.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mount Horeb Community Foundation Inc has awarded 39 individual grants totaling $109,950. 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
THE FOUNDATION'S PURPOSE IS TO RECEIVE DONATIONS AND REQUESTS FROM PEOPLE WISHING TO CONTRIBUTE TO THE FUTURE WELFARE OF THE MOUNT HOREB COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DISTRIBUTE GRANTS TO MT. HOREB COMMUNITY ORGANIZATIONS THAT BENEFIT THE FUTURE WELFARE OF THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Mark R Bohl Vice Preside | OfficerTrustee | 0.5 | $0 |
Susan Brice Secretary | OfficerTrustee | 0.5 | $0 |
James Buechner Director | Trustee | 0.5 | $0 |
John Buechner Director | Trustee | 0.5 | $0 |
Deb Conway Director | Trustee | 0.5 | $0 |
Pat Conway Director | Trustee | 0.5 | $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 | $49,704 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,704 |
| Total Program Service Revenue | $0 |
| Investment income | $34,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$32,826 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $78,212 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Fees for services: Accounting | $874 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,547 |
| Fees for services: Other | $17,700 |
| Advertising and promotion | $4,367 |
| Office expenses | $245 |
| Information technology | $92 |
| 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 | $125 |
| Total functional expenses | $123,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,810 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $1,918,636 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,026,446 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $73,412 |
| 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 | $73,412 |
| Net assets without donor restrictions | $1,953,034 |
| Net assets with donor restrictions | $0 |
| 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 | $2,026,446 |
Grants Awarded
Over the last fiscal year, Mount Horeb Community Foundation Inc has awarded $27,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NEIGHBORS HELPING NEIGHBORS PURPOSE: PROGRAM FUNDING | $15,000 |
CHILDREN'S COMMUNITY SCHOOL PURPOSE: TODDLER CLASSROOM | $6,000 |
GOOD NEWS LUTHERAN CHURCH PURPOSE: KITCHEN AREA | $6,500 |