West Bend Community Foundation Inc
- Assets
- $79.1m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 11/1999
- Data as of
- 12/2021
- EIN
- 39-1971548
Organization Overview
West Bend Community Foundation Inc is located in Milwaukee, WI. The organization was established in 1999. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. West Bend 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 12/2021, West Bend Community Foundation Inc generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 12.0% 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.
Since 2020, West Bend Community Foundation Inc has awarded 129 individual grants totaling $7,374,088. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OWEST BEND COMMUNITY FOUNDATION, INC WAS FORMED TO OPERATE AS A SUPPORTING ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3) AND 509(A)(3) OF THE INTERNAL REVENUE CODE TO SUPPORT GREATER MILWAUKEE FOUNDATION, INC. THE GREATER MILWAUKEE FOUNDATION IS A PUBLIC CHARITY DESCRIBED IN SECTIONS 509(A)(1) OF THE INTERNAL REVENUE CODE.AS SET FORTH IN THE WEST BEND COMMUNITY FOUNDATION, INC.'S ARTICLES OF INCORPORATION, "THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC AND LITERARY PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) AND EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND/OR TO CARRY OUT THE PURPOSES OF THE GREATER MILWAUKEE, A WISCONSIN CHARITABLE TRUST ORGANIZED PURSUANT TO A DECLARATION OF TRUST.... INCLUDING THE CARRYING ON OF SUCH OF GREATER MILWAUKEE FOUNDATION'S PROGRAMS AS THE BOARD OF DIRECTORS OF THIS CORPORATION FROM TIME TO TIME DEEM TO BE SUITABLE AND APPROPRIATE.THE PHRASE 'SUCH OF GREATER MILWAUKEE FOUNDATION'S PROGRAMS' MEANS CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC AND LITERARY PROJECT AND ACTIVITIES OF THE KIND THAT GREATER MILWAUKEE FOUNDATION SUPPORTS AND THAT ARE LOCATED PRIMARILY IN THE GREATER "WEST BEND, WISCONSIN AREA".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Ziegler President | OfficerTrustee | 1 | $0 |
John Kieckhafer Treasurer | OfficerTrustee | 1 | $0 |
James Danaher Secretary | OfficerTrustee | 1 | $0 |
Ellen Gilligan Assistant Secretary | Officer | 0 | $0 |
Ken Robertson Assistant Treasurer | Officer | 0 | $0 |
Tonnie Schmidt 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 | $4,714,901 |
| Noncash contributions included in lines 1a–1f | $1,574,683 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,714,901 |
| Total Program Service Revenue | $0 |
| Investment income | $556,144 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,304,644 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,575,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,986,880 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $177,543 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $894 |
| Information technology | $0 |
| 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 | $0 |
| Total functional expenses | $4,513,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,910,461 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $125,000 |
| 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 | $322 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $76,113,645 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $79,149,428 |
| Accounts payable and accrued expenses | $391 |
| Grants payable | $1,340,634 |
| 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 | $1,341,025 |
| Net assets without donor restrictions | $77,808,403 |
| 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 | $79,149,428 |
Grants Awarded
Over the last fiscal year, West Bend Community Foundation Inc has awarded $3,622,123 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF WEST BEND PURPOSE: REGNER PARK BEACH HOUSE | $418,166 |
RONCALLI HIGH SCHOOL PURPOSE: THE CAPITAL CAMPAIGN | $353,333 |
West Bend, WI PURPOSE: SUSTAINING SUPPORT | $271,451 |
West Bend, WI PURPOSE: ANNUAL SUPPORT | $229,402 |
West Bend, WI PURPOSE: SUSTAINING SUPPORT | $202,613 |
WEST BEND HIGH SCHOOLS PURPOSE: SCHOLARSHIP WITH CRITERIA | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that West Bend Community Foundation Inc has recieved totaling $150,500.
| Awarding Organization | Amount |
|---|---|
Thomas J Rolfs Foundation Inc Nashotah, WI PURPOSE: GENERAL | $150,000 |
Baird Foundation Inc Milwaukee, WI PURPOSE: EDUCATION | $500 |
Endowment Analysis
| Beg. Balance | $65,733,995 |
| Earnings | $11,873,442 |
| Admin Expense | $527,442 |
| Net Contributions | $4,714,401 |
| Grants | $3,986,880 |
| Ending Balance | $77,807,516 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sojourner Foundation Inc Milwaukee, WI | $5,493,853 | $4,205,530 |
Bloomington-Normal Ymca Charitable Foundation Nfp Bloomington, IL | $12,002,532 | $7,012,515 |
Propel Nonprofits Minneapolis, MN | $49,559,623 | $14,478,230 |
Moose Foundation Inc Mooseheart, IL | $261,014,797 | $19,670,612 |
Foundation For The Uptown Reinvestment Corporation Flint, MI | $1,872,223 | $6,455,012 |
West Bend Community Foundation Inc Milwaukee, WI | $79,149,428 | $10,575,689 |
Glasser And Rosenthal Family Foundation Chicago, IL | $0 | $604,291 |
Barbara Mettler Personal Tr Champaign, IL | $0 | $38,620 |
Jewish Fund Inc Bloomfield Hills, MI | $68,108,073 | $3,265,979 |
Foundation For Flint Flint, MI | $18,213,449 | $993,569 |
Friends Of Penfield Childrens Center Inc Milwaukee, WI | $8,290,252 | $2,579,522 |
Shure Charitable Tr Created Uw Of Sidney N Shure Chicago, IL | $52,599,907 | $2,093,307 |