Lacrosse Community Foundation
- Assets
- $75.9m
- Revenue
- $19.2m
- Investments
- $0.0
- Employees
- 8
- Location
- La Crosse, WI
- Founding
- 01/1952
- Data as of
- 12/2023
- EIN
- 39-6037996
Organization Overview
Lacrosse Community Foundation is located in La Crosse, WI. The organization was established in 1952. 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 12/2023, Lacrosse Community Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lacrosse 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 12/2023, Lacrosse Community Foundation generated $19.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $5.2m during the year ending 12/2023. While expenses have increased by 5.4% 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.
Since 2015, Lacrosse Community Foundation has awarded 709 individual grants totaling $25,061,132. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING PEOPLE, PASSION, AND GIVING IN THE LA CROSSE AREA FOREVER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONOR-FOCUS ACTIVITIES: WORKING WITH LOCAL DONORS TO ESTABLISH AND ADMINISTER ENDOWED CHARITABLE FUNDS TO MAKE NONCOMPETITIVE GRANTS OR SCHOLARSHIPS TO QUALIFIED 501(C)(3) ORGANIZATIONS IN THEIR PHILANTHROPIC INTEREST AREAS. CURRENTLY, LCF ADMINISTERS 250 DONOR-DIRECTED FUNDS. IN 2023, A TOTAL OF $2,654,617 WERE AWARDED IN NONCOMPETITIVE GRANTS AND $351,150 WERE AWARDED IN SCHOLARSHIPS.
AGENCY-FUND ACTIVITIES: LCF MANAGES AGENCY FUNDS ESTABLISHED BY NONPROFIT ORGANIZATIONS. THE LCF HAS FIDUCIARY RESPONSIBILITY OVER THE FUNDS, AND EACH YEAR THE ORGANIZATION CAN CHOOSE TO TAKE THE SPENDING RATE DISTRIBUTION, OR CONTINUE TO GROW THE FUND WITH ITS ANNUAL EARNINGS.
COMMUNITY-FOCUSED ACTIVITIES: GROWING A SOURCE OF PERMANENT, UNRESTRICTED COMMUNITY CAPITAL FROM PHILANTHROPIC GIFTS TO AWARD COMPETITIVE GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS IN LA CROSSE COUNTY WHO ARE MEETING IDENTIFIED COMMUNITY NEEDS. LCF HAS 31 FUNDS THAT AWARD COMPETITIVE GRANTS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS EACH QUARTER. LCF AWARDED $1,023,144.
LEADERSHIP ACTIVITIES AND FISCAL SPONSORSHIPS: SERVICE TO CONVENE COMMUNITY PARTNERS AROUND CURRENT COMMUNITY NEEDS AND HELPING AREA CHARITABLE GROUPS AND NONPROFITS BUILD CAPACITY TO INCREASE THEIR IMPACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Smith Jc Chair | OfficerTrustee | 1 | $0 |
Richard Kyte Vice-Chair | OfficerTrustee | 1 | $0 |
Joe Moua Treasurer | OfficerTrustee | 1 | $0 |
Taylor Mathy Secretary | OfficerTrustee | 1 | $0 |
Jamie Dahl Board Member | Trustee | 1 | $0 |
Clara Gelatt Board Member | 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 | $15,157,605 |
| Noncash contributions included in lines 1a–1f | $1,023,720 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,157,605 |
| Total Program Service Revenue | $0 |
| Investment income | $1,760,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,129,470 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,167,163 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,837,561 |
| Grants and other assistance to domestic individuals. | $351,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $252,624 |
| Compensation of current officers, directors, key employees. | $98,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $206,133 |
| Pension plan accruals and contributions | $14,711 |
| Other employee benefits | $0 |
| Payroll taxes | $33,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $157,440 |
| Fees for services: Other | $0 |
| Advertising and promotion | $47,374 |
| Office expenses | $24,062 |
| Information technology | $43,126 |
| Royalties | $0 |
| Occupancy | $24,342 |
| Travel | $9,650 |
| 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 | $3,142 |
| Insurance | $7,694 |
| All other expenses | $0 |
| Total functional expenses | $5,224,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,249,127 |
| Savings and temporary cash investments | $1,414,933 |
| Pledges and grants receivable | $166,000 |
| 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 | $10,402 |
| Net Land, buildings, and equipment | $1,636 |
| Investments—publicly traded securities | $67,694,801 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,378,020 |
| Total assets | $75,914,919 |
| Accounts payable and accrued expenses | $33,553 |
| Grants payable | $125,944 |
| Deferred revenue | $127,116 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,085,009 |
| 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 | $5,371,622 |
| Net assets without donor restrictions | $66,130,872 |
| Net assets with donor restrictions | $4,412,425 |
| 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 | $75,914,919 |
Grants Awarded
Over the last fiscal year, Lacrosse Community Foundation has awarded $3,629,609 in support to 105 organizations.
| Grant Recipient | Amount |
|---|---|
AQUINAS CATHOLIC SCHOOLS INC PURPOSE: EDUCATION AND SCHOLARSHIP | $22,400 |
BLESSED SACRAMENT CATHOLIC CHURCH PURPOSE: FAITH | $8,530 |
BORDER KINDNESS PURPOSE: CULTURE AND DIVERSITY | $10,000 |
BOYS & GIRLS CLUBS OF GREATER LA CROSSE PURPOSE: RECREATION AND WELLNESS | $348,140 |
CATHOLIC CHARITIES OF THE DIOCESE OF LA CROSSE PURPOSE: HEALTH AND HUMAN SERVICES | $6,453 |
CITY OF LA CROSSE POLICE DEPARTMENT PURPOSE: COMMUNITY IMPROVEMENT | $55,616 |