Benedictine Life Foundation Of Wisconsin Inc
- Assets
- $512.9k
- Revenue
- $1.1m
- Investments
- $30.2k
- Employees
- 0
- Location
- Middleton, WI
- Founding
- 04/1996
- Data as of
- 12/2021
- EIN
- 39-1830847
Organization Overview
Benedictine Life Foundation Of Wisconsin Inc is located in Middleton, WI. The organization was established in 1996. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benedictine Life Foundation Of Wisconsin 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, Benedictine Life Foundation Of Wisconsin Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 12.7% 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
SUPPORT FOR BENEDICTINE WOMEN OF MADISON, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION TO BENEDICTINE WOMEN OF MADISON, INC.
OTHER PROGRAM EXPENSES INCLUDE COST OF SPECIAL EVENTS THROUGH OUT THE YEAR.
OTHER PROGRAM EXPENSES INCLUDE COST OF SPECIAL EVENT THROUGH OUT THE YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary David Walgenbach Osb Board Member,president | OfficerTrustee | 2 | $0 |
Charles Mclimans Board Member, CEO | Trustee | 20 | $0 |
Lynne Smith Osb Board Member, Secretary | Trustee | 2 | $0 |
Amy Bonomie Director, Mission Advancem | Trustee | 40 | $0 |
Joanne Kollasch Osb Board Member | Trustee | 2 | $0 |
Lara Dulin Development & Database Manager | Trustee | 40 | $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 | $1,056,465 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,056,465 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $40,444 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,098,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,107,853 |
| 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 | $210,600 |
| 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 | $2,794 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,336 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,108 |
| 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 | $0 |
| Total functional expenses | $1,404,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $203,426 |
| 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 | $30,188 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $279,292 |
| Total assets | $512,906 |
| Accounts payable and accrued expenses | $5,602 |
| 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 | $5,602 |
| Net assets without donor restrictions | -$697,458 |
| Net assets with donor restrictions | $1,204,762 |
| 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 | $512,906 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Benedictine Life Foundation Of Wisconsin Inc has recieved totaling $67,214.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
John C Bock Foundation Chicago, IL PURPOSE: ENVIRONMENTAL RESTORATION | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $7,209 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $620,791 |
| Ending Balance | $620,791 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Life Action Ministries Buchanan, MI | $13,761,466 | $20,860,658 |
Veap Inc Bloomington, MN | $8,119,973 | $16,891,199 |
Good Neighbor Society Manchester, IA | $17,383,047 | $14,618,459 |
Our Lady Of Angels Retirement Home Joliet, IL | $4,374,771 | $9,679,285 |
Mount St Joseph Lake Zurich, IL | $18,625,069 | $8,392,155 |
Fabricators & Manufacturers Association International Elgin, IL | $36,664,883 | $10,492,496 |
St Josephs Home Of Springfield Springfield, IL | $6,765,138 | -$5,947,093 |
Plain Church Medical Group Inc Arthur, IL | $1,903,756 | $9,584,459 |
Lutheran Home For The Aged Development Corp Prairie View Luth Danforth, IL | $5,765,834 | $9,143,268 |
Holy Spirit Retirement Home Inc Sioux City, IA | $7,907,297 | $9,080,099 |
Brahmananda Saraswati Yagya Foundation Fairfield, IA | $15,294,355 | $10,246,793 |
St Francis Home Breckenridge, MN | $31,134,827 | $7,139,521 |