St Croix Valley Foundation
- Assets
- $87.5m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Hudson, WI
- Founding
- 01/1996
- Data as of
- 06/2023
- EIN
- 41-1817315
Organization Overview
St Croix Valley Foundation is located in Hudson, WI. The organization was established in 1996. 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 06/2023, St Croix Valley Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Croix Valley 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 06/2023, St Croix Valley Foundation generated $7.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $4.7m during the year ending 06/2023. While expenses have increased by 5.4% per year over the past 8 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, St Croix Valley Foundation has awarded 605 individual grants totaling $16,595,941. 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
THE MISSION OF THE ST. CROIX VALLEY COMMUNITY FOUNDATION IS TO ENHANCE THE QUALITY OF LIFE IN THE ST. CROIX VALLEY BY: ENCOURAGING CHARITABLE GIVING IN THE VALLEY, CONNECTING PEOPLE AND PROGRAMS, AND ENCOURAGING COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECTING PEOPLE AND PROGRAMS: IN KEEPING WITH THE FOUNDATON'S MISSION, THE FOUNDATION FACILITATED GRANTS TO ART, EDUCATION, HUMAN SERVICES, ENVIRONMENTAL, RELIGIOUS, HEALTH AND OTHER CHARITABLE ORGANIZATIONS. APPROXIMATELY 1,070 GRANTS WERE GIVEN IN FISCAL YEAR 2023.
ENCOURAGING COLLABORATION: IN KEEPING WITH THE FOUNDATION'S MISSION, FOUNDATION STAFF MEMBERS PARTNER WITH OTHER ORGANIZATIONS, ESPECIALLY OUR AFFILIATE FOUNDATIONS, TO DIRECTLY ADDRESS CHANGING COMMUNITY CONCERNS. THIS INCLUDES: 1) FOSTERING COMMUNITY DIALOGUE AROUND LOCAL ISSUES - THROUGH REGIONAL FORUMS AND "CONVERSATIONS OF THE VALLEY; 2) PROMOTING NON PROFIT PERFORMANCE THROUGH WORKSHOPS AND GRANTS AND 3) WORKING WITH OUR AFFILIATES TO STRENGTHEN THEIR MANAGEMENT, GOVERNANCE, AND FUNDRAISING CAPACITY.
ENCOURAGING CHARITABLE GIVING IN THE VALLEY: IN KEEPING WITH THE FOUNDATION'S MISSION, THE FOUNDATION WORKS WITH DONORS, PROSPECTIVE DONORS, NONPROFIT PARTNERS AND PROFESSIONAL ADVISORS TO PROMOTE, ESTABLISH, MANAGE AND ADMINISTER COMPONENT PHILANTHROPIC FUNDS THAT MAKE GRANTS TO NONPROFIT ORGANIZATION IN THE ST. CROIX VALLEY AND BEYOND. IN FISCAL YEAR 2023, THE FOUNDATION ADMINISTERED 512 COMPONENT FUNDS, INCLUDING 31 NEWLY ESTABLISHED FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Ellis Chair | OfficerTrustee | 10 | $0 |
Ann Herzog Drewiske Vice Chair/secretary | OfficerTrustee | 10 | $0 |
Dennis Duerst Treasurer | OfficerTrustee | 2 | $0 |
Rick Bonlender Board Member | Trustee | 2 | $0 |
Michelle Bredahl Board Member | Trustee | 2 | $0 |
Dave Dziuk Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,675 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,418,484 |
| Noncash contributions included in lines 1a–1f | $502,778 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,428,159 |
| Total Program Service Revenue | $279,561 |
| Investment income | $1,371,607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$709,527 |
| Net Income from Fundraising Events | -$7,065 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,362,735 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,540,587 |
| 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. | $168,374 |
| Compensation of current officers, directors, key employees. | $59,770 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $471,202 |
| Pension plan accruals and contributions | $23,058 |
| Other employee benefits | $34,797 |
| Payroll taxes | $49,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,562 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $107,795 |
| Fees for services: Other | $79,882 |
| Advertising and promotion | $16,263 |
| Office expenses | $9,523 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,230 |
| Travel | $3,997 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,012 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,934 |
| Insurance | $9,612 |
| All other expenses | $2,301 |
| Total functional expenses | $4,748,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,176 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $566,950 |
| Accounts receivable, net | $10,096 |
| 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 | $24,779 |
| Net Land, buildings, and equipment | $6,163 |
| Investments—publicly traded securities | $86,277,591 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $541,649 |
| Total assets | $87,460,404 |
| Accounts payable and accrued expenses | $136,842 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $30,343,944 |
| 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 | $9,315 |
| Total liabilities | $30,490,101 |
| Net assets without donor restrictions | $964,693 |
| Net assets with donor restrictions | $56,005,610 |
| 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 | $87,460,404 |
Grants Awarded
Over the last fiscal year, St Croix Valley Foundation has awarded $2,105,832 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
ALLINA HEALTH FOUNDATION PURPOSE: COURAGE KENNY ST CROIX SUPPORT, GENERAL OPERATING | $171,045 |
AMERY AREA FOOD PANTRY INC PURPOSE: RENEW OUR PANTRY, GENERAL OPERATING | $9,500 |
AMERY FFA PURPOSE: GENERAL OPERATING | $6,625 |
AMHERST H WILDER FOUNDATION PURPOSE: RESPITE CARE AND EDUCATION FOR PATIENTS AND CAREGIVERS | $17,065 |
ARTREACH ST CROIX PURPOSE: ST. CROIX SPLASH, MURALS, OPERATIONS | $19,000 |
BANK OF AMERICA CHARITABLE GIFT FUND PURPOSE: FOR THE SWARUP RUBENSTEIN FAMILY FUND | $54,000 |