West Bend Community & Alumni Scholarship Foundation Inc
- Assets
- $3.8m
- Revenue
- $502.9k
- Investments
- $0.0
- Employees
- 0
- Location
- West Bend, WI
- Founding
- 08/1962
- Data as of
- 08/2022
- EIN
- 39-6055248
Organization Overview
West Bend Community & Alumni Scholarship Foundation Inc is located in West Bend, WI. The organization was established in 1962. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Bend Community & Alumni Scholarship 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 08/2022, West Bend Community & Alumni Scholarship Foundation Inc generated $502.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $356.7k during the year ending 08/2022. While expenses have increased by 6.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SCHOLARSHIPS TO INDIVIDUALS BASED ON EDUCATIONAL MERIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT AND SCHOLARSHIPS TO INDIVIDUALS AND SYMPHONY FOR EDUCATIONAL PURPOSES. ESTIMATED 165 PEOPLE SERVED.
INTRODUCE FOURTH GRADE STUDENTS TO THE SYMPHONY AND TO THE SCHOLARSHIP FOUNDATION. APPROXIMATELY 1,000 STUDENTS INVOLVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josie Brzezinski Secretary | OfficerTrustee | 1 | $0 |
Deb Cahoon Vice Preside | OfficerTrustee | 1 | $0 |
Rose Petitte President | OfficerTrustee | 1 | $0 |
Lisa Sanborn Treasurer | OfficerTrustee | 1 | $0 |
Mary Ellen O'connor Director | Trustee | 1 | $0 |
Justin Pogodzinski Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $60,590 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $228,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,209 |
| Total Program Service Revenue | $0 |
| Investment income | $73,449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $140,321 |
| Net Income from Fundraising Events | -$92 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $502,887 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $311,275 |
| 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 | $3,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $212 |
| 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 | $1,754 |
| All other expenses | $259 |
| Total functional expenses | $356,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,054 |
| Savings and temporary cash investments | $294,162 |
| Pledges and grants receivable | $3,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,510,603 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,812,819 |
| Accounts payable and accrued expenses | $22,497 |
| 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 | $22,497 |
| Net assets without donor restrictions | $3,790,322 |
| 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 | $3,812,819 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that West Bend Community & Alumni Scholarship Foundation Inc has recieved totaling $43,912.
| Awarding Organization | Amount |
|---|---|
West Bend Community Foundation Inc Milwaukee, WI PURPOSE: 2021 SCHOLARSHIPS | $43,912 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alumni Association Of The University Of Michigan Ann Arbor, MI | $176,574,081 | $18,254,145 |
Center For Advanced Studies In Business Inc Madison, WI | $9,461,883 | $6,530,338 |
University Of Wisconsin Medical Alumni Association Inc Madison, WI | $0 | $0 |
The University Of Illinois Alumni Association Urbana, IL | $29,310,021 | $6,588,632 |
Minnesota State University Moorhead Foundation Inc Moorhead, MN | $54,713,743 | $22,543,778 |
University Of Minnesota Alumni Association Minneapolis, MN | $34,396,499 | $3,938,876 |
Iowa State University Alumni Association Ames, IA | $19,372,302 | $3,613,244 |
University Of Northern Iowa Alumni Association Cedar Falls, IA | $0 | $679,804 |
Northern Illinois University Alumni Association Dekalb, IL | $2,687,455 | $1,196,387 |
Forest Hills Pto & Boosters Council Grand Rapids, MI | $1,625,695 | $1,126,806 |
Southern Illinois University Carbondale, IL | $8,138,109 | -$879,336 |
Beta Beta Housing Corporation Of Sigma Delta Tau At Michigan State Bloomfield Hills, MI | $236,195 | $527,410 |