Whitewater Community Foundation
- Assets
- $5.0m
- Revenue
- $961.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Whitewater, WI
- Founding
- 08/1995
- Data as of
- 06/2024
- EIN
- 39-1815260
Organization Overview
Whitewater Community Foundation is located in Whitewater, WI. The organization was established in 1995. 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. Whitewater Community 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 06/2024, Whitewater Community Foundation generated $961.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $276.6k during the year ending 06/2024. While expenses have increased by 8.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE QUALITY OF LIFE IN WHITEWATER AREA VIA EDUCATIONAL, CULTURAL, CHARITABLE OR BENEVOLENT EXPENDITURES
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHITEWATER COMMUNITY FOUNDATION - GENERAL FUND ENHANCE QUALITY OF LIFE IN WHITEWATER AREA VIA EDUCATIONAL, CULTURAL, CHARITABLE, OR BENEVOLENT EXPENDITURES
WEILER MEMORIAL SCHOLARSHIP FUND SCHOLARSHIPS FOR GRADUATES OF WHITEWATER AND PALMYRA-EAGLE HIGH SCHOOLS PURSUING TECHNICAL/ENGINEERING DEGREES
F L MOKSNES SCHOLARSHIP FUND SCHOLARSHIPS FOR GRADUATES OF WHITEWATER HIGH SCHAOOL WITH PREFERENCE TO STUDENTS ENROLLING AT A TECHNICAL COLLEGE OR TO FIRST-GENERATION CHILD OF IMMIGRANT PARENTS OR TO ONE WHO HAS STUDIED MORE THAN ONE FOREIGN LANGUAGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geoff Hale Treasurer | Trustee | 0 | $0 |
Danielle Frawley Director | OfficerTrustee | 0 | $0 |
Julie Caldwell Secretary | Trustee | 0 | $0 |
Sharon Mccullough Director | Trustee | 0 | $0 |
Ginny Coburn Director | Trustee | 0 | $0 |
Kat Mawhinney Director | Trustee | 0 | $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 | $814,492 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $814,492 |
| Total Program Service Revenue | $0 |
| Investment income | $134,206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,365 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $961,813 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $143,408 |
| Grants and other assistance to domestic individuals. | $69,950 |
| 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 | $11,573 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,900 |
| 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 | $3,032 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,700 |
| 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 | $1,271 |
| All other expenses | $1,379 |
| Total functional expenses | $276,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,279,699 |
| 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 | $2,745,734 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,025,433 |
| 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 | $186 |
| Total liabilities | $186 |
| Net assets without donor restrictions | $5,025,247 |
| 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 | $5,025,433 |
Grants Awarded
Over the last fiscal year, Whitewater Community Foundation has awarded $136,408 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF WHITEWATER | | | $129,658 |
WW UNIFIED SCHOOL DIST | | | $6,750 |