Holmen Education Foundation Inc
- Assets
- $433.4k
- Revenue
- $116.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Holmen, WI
- Founding
- 05/1995
- Data as of
- 06/2023
- EIN
- 39-1805719
Organization Overview
Holmen Education Foundation Inc, operating under the name Holmen Area Foundation Inc, is located in Holmen, WI. The organization was established in 1995. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holmen Area 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 06/2023, Holmen Area Foundation Inc generated $116.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $138.5k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Holmen Area Foundation Inc has awarded 32 individual grants totaling $627,243. 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
THE MISSION OF THE HOLMEN AREA FOUNDATION IS TO SERVE AS AN ACTIVE COMMUNITY LEADER THAT SUPPORTS: -A FINANCIAL COMMITMENT TO EDUCATION AND COMMUNITY BETTERMENT -COLLABORATIVE PARTNERSHIP -EDUCATIONAL EXCELLENCE -CIVIC GROWTH -ENJOYMENT OF THE ARTS -RECREATIONAL ACTIVITIES -RESPECT FOR DIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS PAID TO SUPPORT EDUCATIONAL AND CIVIC EFFORTS IN THE HOLMEN AREA
SCHOLARSHIPS TO SUPPORT LOCAL STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Baird Director | Trustee | 1 | $0 |
Thanh Bui-Dequette Director | Trustee | 1 | $0 |
Kathy Dummer Secretary | OfficerTrustee | 3 | $0 |
Beth Gamoke Director | Trustee | 1 | $0 |
Mike Goryl Director | Trustee | 1 | $0 |
Bryan Helgeson 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 | $81,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,675 |
| Total Program Service Revenue | $0 |
| Investment income | $8,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,050 |
| Net Income from Fundraising Events | $32,255 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $109,770 |
| Grants and other assistance to domestic individuals. | $9,000 |
| 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 | $7,155 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,853 |
| Fees for services: Other | $3,236 |
| Advertising and promotion | $1,910 |
| Office expenses | $3,054 |
| Information technology | $1,032 |
| Royalties | $0 |
| Occupancy | $480 |
| 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 | $1,009 |
| All other expenses | $0 |
| Total functional expenses | $138,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,180 |
| Savings and temporary cash investments | $187,651 |
| 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 | $210,602 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $433,433 |
| 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 | $18,417 |
| Total liabilities | $18,417 |
| Net assets without donor restrictions | $27,947 |
| Net assets with donor restrictions | $387,069 |
| 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 | $433,433 |
Grants Awarded
Over the last fiscal year, Holmen Education Foundation Inc has awarded $102,209 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
VIKING FUND PURPOSE: ENRICHING STUDENTS | $6,947 |
BI-STATE GRANTS PURPOSE: PROMOTING EXTRACIRC. | $30,400 |
WRESTLINGGYMNASTICS FACILITY PURPOSE: PROMOTING EXTRACIRC. | $6,102 |
HOLMEN TRAP TEAM PURPOSE: PROMOTING EXTRACIRC. | $6,870 |
VIETNAM VETERANS PURPOSE: ASSIST VETERANS | $36,851 |
GENERAL FUND GRANTS PURPOSE: ENRICHING STUDENTS | $15,039 |