Robert And Eleanor Franke Charitable Foundation Inc
- Assets
- $22.6m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 2
- Location
- La Crosse, WI
- Founding
- Data as of
- 12/2017
- EIN
- 45-0998178
Organization Overview
Robert And Eleanor Franke Charitable Foundation Inc is located in La Crosse, WI. As of 12/2017, Robert And Eleanor Franke Charitable Foundation Inc employed 2 individuals. Robert And Eleanor Franke Charitable 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 12/2017, Robert And Eleanor Franke Charitable Foundation Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS ORGANIZED AND SHALL AT ALL TIMES BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND TO CARRY OUT THE PURPOSES OF THE SUPPORTED ORGANIZATIONS, NAMELY, THE LA CROSSE COMMUNITY FOUNDATION, INC., THE DIOCESE OF LA CROSSE AND MAYO CLINIC HEALTH SYSTEM IN LA CROSSE, FORMERLY FRANCISCAN SKEMP HEALTHCARE, AND THE WISHES OF THE FRANKES AS EXPRESSED IN MR. FRANKE'S LAST WILL AND TESTAMENT, AND ITS ACTIVITIES SHALL BE LIMITED TO SUCH CHARITABLE PURPOSES AS WILL BENEFIT, CARRY OUT THE PURPOSES OF OR PERFORM THE FUNCTIONS OF THE SUPPORTED ORGANIZATIONS, INCLUDING, BUT NOT LIMITED TO: THE MAKING OF GRANTS AND OTHER DISTRIBUTIONS TO ANY OF THE SUPPORTED ORGANIZATIONS OR FOR THE BENEFIT OF OR TO SUPPORT THE CHARITABLE PURPOSES OF ANY OF THE SUPPORTED ORGANIZATIONS; THE MANAGEMENT, INVESTMENT AND ADMINISTRATION OF FUNDS FOR THE BENEFIT OF OR TO SUPPORT THE CHARITABLE PURPOSES OF ANY OF THE SUPPORTED ORGANIZATIONS; AND THE PERFORMANCE OF FUNCTIONS AND THE INCUR
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ORGANIZED AND SHALL AT ALL TIMES BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND TO CARRY OUT THE PURPOSES OF THE SUPPORTED ORGANIZATIONS, NAMELY, THE LA CROSSE COMMUNITY FOUNDATION, INC., THE DIOCESE OF LA CROSSE AND MAYO CLINIC HEALTH SYSTEM IN LA CROSSE, FORMERLY FRANCISCAN SKEMP HEALTHCARE, AND THE WISHES OF THE FRANKES AS EXPRESSED IN MR. FRANKE'S LAST WILL AND TESTAMENT, AND ITS ACTIVITIES SHALL BE LIMITED TO SUCH CHARITABLE PURPOSES AS WILL BENEFIT, CARRY OUT THE PURPOSES OF OR PERFORM THE FUNCTIONS OF THE SUPPORTED ORGANIZATIONS, INCLUDING, BUT NOT LIMITED TO: THE MAKING OF GRANTS AND OTHER DISTRIBUTIONS TO ANY OF THE SUPPORTED ORGANIZATIONS OR FOR THE BENEFIT OF OR TO SUPPORT THE CHARITABLE PURPOSES OF ANY OF THE SUPPORTED ORGANIZATIONS; THE MANAGEMENT, INVESTMENT AND ADMINISTRATION OF FUNDS FOR THE BENEFIT OF OR TO SUPPORT THE CHARITABLE PURPOSES OF ANY OF THE SUPPORTED ORGANIZATIONS; AND THE PERFORMANCE OF FUNCTIONS AND THE INCURRENCE OF EXPENSES INCIDENTAL TO THE MANAGEMENT, ADMINISTRATION AND OPERATION OF THE CORPORATION.
THE FOUNDATION IS ORGANIZED AND SHALL AT ALL TIMES BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND TO CARRY OUT THE PURPOSES OF THE SUPPORTED ORGANIZATIONS, NAMELY, THE LA CROSSE COMMUNITY FOUNDATION, INC., THE DIOCESE OF LA CROSSE AND MAYO CLINIC HEALTH SYSTEM IN LA CROSSE, FORMERLY FRANCISCAN SKEMP HEALTHCARE, AND THE WISHES OF THE FRANKES AS EXPRESSED IN MR. FRANKE'S LAST WILL AND TESTAMENT, AND ITS ACTIVITIES SHALL BE LIMITED TO SUCH CHARITABLE PURPOSES AS WILL BENEFIT, CARRY OUT THE PURPOSES OF OR PERFORM THE FUNCTIONS OF THE SUPPORTED ORGANIZATIONS, INCLUDING, BUT NOT LIMITED TO: THE MAKING OF GRANTS AND OTHER DISTRIBUTIONS TO ANY OF THE SUPPORTED ORGANIZATIONS OR FOR THE BENEFIT OF OR TO SUPPORT THE CHARITABLE PURPOSES OF ANY OF THE SUPPORTED ORGANIZATIONS; THE MANAGEMENT, INVESTMENT AND ADMINISTRATION OF FUNDS FOR THE BENEFIT OF OR TO SUPPORT THE CHARITABLE PURPOSES OF ANY OF THE SUPPORTED ORGANIZATIONS; AND THE PERFORMANCE OF FUNCTIONS AND THE INCURRENCE OF EXPENSES INCIDENTAL TO THE MANAGEMENT, ADMINISTRATION AND OPERATION OF THE CORPORATION.
THE FOUNDATION IS ORGANIZED AND SHALL AT ALL TIMES BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND TO CARRY OUT THE PURPOSES OF THE SUPPORTED ORGANIZATIONS, NAMELY, THE LA CROSSE COMMUNITY FOUNDATION, INC., THE DIOCESE OF LA CROSSE AND MAYO CLINIC HEALTH SYSTEM IN LA CROSSE, FORMERLY FRANCISCAN SKEMP HEALTHCARE, AND THE WISHES OF THE FRANKES AS EXPRESSED IN MR. FRANKE'S LAST WILL AND TESTAMENT, AND ITS ACTIVITIES SHALL BE LIMITED TO SUCH CHARITABLE PURPOSES AS WILL BENEFIT, CARRY OUT THE PURPOSES OF OR PERFORM THE FUNCTIONS OF THE SUPPORTED ORGANIZATIONS, INCLUDING, BUT NOT LIMITED TO: THE MAKING OF GRANTS AND OTHER DISTRIBUTIONS TO ANY OF THE SUPPORTED ORGANIZATIONS OR FOR THE BENEFIT OF OR TO SUPPORT THE CHARITABLE PURPOSES OF ANY OF THE SUPPORTED ORGANIZATIONS; THE MANAGEMENT, INVESTMENT AND ADMINISTRATION OF FUNDS FOR THE BENEFIT OF OR TO SUPPORT THE CHARITABLE PURPOSES OF ANY OF THE SUPPORTED ORGANIZATIONS; AND THE PERFORMANCE OF FUNCTIONS AND THE INCURRENCE OF EXPENSES INCIDENTAL TO THE MANAGEMENT, ADMINISTRATION AND OPERATION OF THE CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Kruse Director | Trustee | 1 | $0 |
Peter Grabow Director | Trustee | 1 | $0 |
Melvyn Hoffman Exec. Dir./p | OfficerTrustee | 35 | $103,919 |
Cynthia Hoffman Exec. Asst/s | OfficerTrustee | 35 | $54,911 |
Msgr Richard Gilles Director | Trustee | 1 | $0 |
Barb Erickson 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $489,869 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $548,810 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,038,679 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,073,301 |
| 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. | $158,830 |
| Compensation of current officers, directors, key employees. | $158,830 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,472 |
| Payroll taxes | $12,151 |
| Fees for services: Management | $65,204 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $932 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $157,740 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,536 |
| Office expenses | $3,743 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,403 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $872 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $892 |
| Insurance | $602 |
| All other expenses | $0 |
| Total functional expenses | $1,505,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,767 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,923 |
| Investments—publicly traded securities | $22,533,742 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,076 |
| Total assets | $22,566,508 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $7,544,013 |
| Temporarily restricted net Assets | $15,022,495 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $22,566,508 |
Grants Awarded
Over the last fiscal year, Robert And Eleanor Franke Charitable Foundation Inc has awarded $24,655,817 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MAYO CLINIC HEALTH SYSTEMFRANCISCAN HEALTHCARE FDN PURPOSE: SUPPORTED ORG | $358,277 |
DIOCESE OF LA CROSSE PURPOSE: SUPPORTED ORG | $358,277 |
LA CROSSE COMMUNITY FOUNDATION PURPOSE: SUPPORTED ORG | $356,747 |
LA CROSSE COMMUNITY FOUNDATION PURPOSE: SUPPORTED ORGANIZATI | $7,500,283 |
MAYO CLINIC HEALTH SYSTEM PURPOSE: SUPPORTED ORGANIZATI | $7,504,466 |
DIOCESE OF LA CROSSE PURPOSE: SUPPORTED ORGANIZATI | $7,504,466 |