Community Foundation Of Chippewa
- Assets
- $26.8m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 3
- Location
- Chippewa Falls, WI
- Founding
- 08/2001
- Data as of
- 06/2022
- EIN
- 39-2024542
Organization Overview
Community Foundation Of Chippewa is located in Chippewa Falls, WI. The organization was established in 2001. 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. As of 06/2022, Community Foundation Of Chippewa employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Chippewa 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 06/2022, Community Foundation Of Chippewa generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $776.8k during the year ending 06/2022. While expenses have increased by 10.3% 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 2015, Community Foundation Of Chippewa has awarded 136 individual grants totaling $1,575,876. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE AND ASSIST INDIVIDUALS AND BUSINESSES TO ACHIEVE THEIR PHILANTHROPIC GOALS BY ACCEPTING AND RECEIVING CONTRIBUTIONS; MANAGING AND GROWING FOUNDATION ASSETS; AND DISTRIBUTING AND GRANTING FUNDS IN ACCORDANCE WITH THE GIFT OR DETERMINATIONS MADE BY THE BOARD OF DIRECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING FISCAL YEAR 2022, 19 NEW FUNDS WERE CREATED BRINGING THE TOTAL NUMBER OF ACTIVE FUNDS TO 307 AND THE TOTAL ASSETS UNDER MANAGEMENT CHANGED FROM $27.8 MILLION TO $26.7 MILLION. TO-DATE, THE FOUNDATION HAS RECEIVED AND PROCESSED GIFTS TOTALING MORE THAN $39.4 MILLION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Herriges Exec Director/secretary | Officer | 40 | $75,331 |
David Adler Board Chair | OfficerTrustee | 1 | $0 |
Susan Kern Immediate Past Board Chair | OfficerTrustee | 1 | $0 |
Charles Frenette Treasurer | OfficerTrustee | 1 | $0 |
Mary Randall Second Vice Chair | OfficerTrustee | 1 | $0 |
Barb Stevens First Vice Chair | OfficerTrustee | 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 | $2,952,155 |
| Noncash contributions included in lines 1a–1f | $22,723 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,952,155 |
| Total Program Service Revenue | $0 |
| Investment income | $637,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$61,140 |
| Net Income from Fundraising Events | $7,840 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,665,046 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $450,624 |
| 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. | $80,426 |
| Compensation of current officers, directors, key employees. | $16,085 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,125 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,522 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,643 |
| Fees for services: Other | $15,938 |
| Advertising and promotion | $2,464 |
| Office expenses | $15,672 |
| Information technology | $13,330 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,047 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,037 |
| Insurance | $5,789 |
| All other expenses | $0 |
| Total functional expenses | $776,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,967 |
| Savings and temporary cash investments | $280,478 |
| 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 | $192 |
| Net Land, buildings, and equipment | $1,393 |
| Investments—publicly traded securities | $26,406,485 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,644 |
| Total assets | $26,753,159 |
| Accounts payable and accrued expenses | $13,574 |
| Grants payable | $0 |
| Deferred revenue | $670 |
| 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 | $11,766,987 |
| Total liabilities | $11,781,231 |
| Net assets without donor restrictions | $1,266,906 |
| Net assets with donor restrictions | $13,705,022 |
| 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 | $26,753,159 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Chippewa has awarded $278,812 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CHIPPEWA FALLS PARKS RECREATION AND FORESTRY DEPARTMENT PURPOSE: IRVINE PARK IMPROVEMENTS AND MAINTENANCE; CAPITAL IMPROVEMENTS AT GANNON FIELD; CARE AND MAINTENANCE OF HOUSING FOR THE MONKEYS; PURCHASE AND IDENTIFICATION OF TREES; AT THE DISCRETION OF THE ORGANIZATION. | $50,995 |
Chippewa Falls, WI PURPOSE: AT THE DISCRETION OF THE ORGANIZATION | $24,750 |
Marshfield, WI PURPOSE: CHIPPEWA FALLS DENTAL CENTER'S ANGEL FUND | $17,300 |
Chippewa Falls, WI PURPOSE: FOR EMERGENT ORAL HEALTHCARE NEEDS | $17,300 |
Chippewa Falls, WI PURPOSE: AT THE DISCRETION OF THE ORGANIZATION | $15,465 |
Chippewa Fls, WI PURPOSE: RELIGION CLASSES; TUITION ASSISTANCE; SCHOOL COSTS; THE HUMAN BODY PROGRAM; AT THE DISCRETION OF THE ORGANIZATION; JAMES AND MARGARET KERN MEMORIAL SCHOLARSHIP; JOSEPH W. JOAS SCHOLARSHIP FUND; SCHOLARSHIPS FOR SENIORS WHO HAVE PARTICIPATED IN MUSICAL PRODUCTIONS. | $15,452 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Community Foundation Of Chippewa has recieved totaling $76,557.
| Awarding Organization | Amount |
|---|---|
B A Mason Trust Chippewa Falls, WI PURPOSE: CAPITAL CAMPAIGN, FINAL INSTALLMENT | $50,000 |
Dwight And Linda Davis Foundation Wausau, WI PURPOSE: HISTORICAL CENTER GRANT | $24,000 |
Dwight And Linda Davis Foundation Wausau, WI PURPOSE: LIBRARY PASS THRU GRANT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Endowment Analysis
| Beg. Balance | $13,406,466 |
| Earnings | -$2,196,963 |
| Net Contributions | $2,892,855 |
| Other Expense | $397,337 |
| Ending Balance | $13,705,021 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Southeast Michigan Detroit, MI | $1,124,768,291 | $250,946,101 |
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Elks National Foundation Inc Chicago, IL | $936,472,552 | $62,047,958 |
Battle Creek Community Foundation Battle Creek, MI | $135,380,333 | $32,635,612 |
Kalamazoo Community Foundation Kalamazoo, MI | $677,092,659 | $78,067,850 |
Grand Rapids Community Foundation Grand Rapids, MI | $425,971,455 | $49,247,168 |
Catholic Community Foundation Of Minnesota St Paul, MN | $510,001,439 | $72,097,381 |