Washburn Community Education Foundation Inc
- Assets
- $1.1m
- Revenue
- $35.7k
- Investments
- $986.4k
- Employees
- 0
- Location
- Washburn, WI
- Founding
- 09/1998
- Data as of
- 12/2023
- EIN
- 39-1933787
Organization Overview
Washburn Community Education Foundation Inc is located in Washburn, WI. The organization was established in 1998. 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. Washburn Community Education 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 12/2023, Washburn Community Education Foundation Inc generated $35.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $77.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Washburn Community Education Foundation Inc has awarded 128 individual grants totaling $353,513. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL GRANTS AND SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marne Gorman-Belanger Co-President | 0 | $0 | |
Sue Blong Co-President | 0 | $0 | |
John P Anderson Vice Preside | 0 | $0 | |
Michael Jackson Treasurer | 0 | $0 | |
Heather Atherton Secretary | 0 | $0 | |
Norma Lien Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $680 |
| Interest on Savings | $1,523 |
| Dividends & Interest | $25,859 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,601 |
| Capital Gain Net Income | $7,601 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,663 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,992 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,495 |
| Total operating and administrative expenses | $4,787 |
| Contributions, gifts, grants paid | $72,264 |
| Total expenses and disbursements | $77,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77 |
| Savings and temporary cash investments | $86,841 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $986,423 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,073,341 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Washburn Community Education Foundation Inc has awarded $121,438 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOOL DISTRICT OF WASHBURN PURPOSE: SWANSON SENIOR SCHOLARSHIPS | $5,000 |
SCHOOL DISTRICT OF WASHBURN PURPOSE: SENIOR STUDENT SERVICE AWARDS | $3,500 |
SCHOOL DISTRICT OF WASHBURN PURPOSE: STUDENT INTERNATIONAL TRAVEL GRANT | $15,000 |
SCHOOL DISTRICT OF WASHBURN PURPOSE: FIRE & ICE SHOW CHOIR GRANT | $2,500 |
SCHOOL DISTRICT OF WASHBURN PURPOSE: ICE SKATES ELEMENTARY SCHOOL GRANT | $6,000 |
WASHBURN MEDITATION CENTER PURPOSE: INTRO TO MEDITATION GRANT | $360 |