Steve Stricker American Family Insurance Foundation Inc
- Assets
- $5.7m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 46-0930746
Organization Overview
Steve Stricker American Family Insurance Foundation Inc is located in Madison, WI. The organization was established in 2013. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steve Stricker American Family Insurance 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 12/2021, Steve Stricker American Family Insurance Foundation Inc generated $4.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $6.4m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SUPPORTS CHARITIES, EDUCATIONAL INITIATIVES, AND ORGANIZATIONS AIMED AT BUILDING STRONG FAMILIES AND HEALTHY KIDS, EMPOWERING THEM TO CHASE AND ACHIEVE THEIR DREAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS CHARITIES, EDUCATIONAL INITIATIVES, AND ORGANIZATIONS AIMED AT BUILDING STRONG FAMILIES AND HEALTHY KIDS, EMPOWERING THEM TO CHASE AND ACHIEVE THEIR DREAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James S Buchheim Vice Pres, S | OfficerTrustee | 1 | $0 |
Nathaniel Pokrass Vice Pres, E | OfficerTrustee | 1 | $0 |
Daniel J Kelly Vice Pres, T | OfficerTrustee | 1 | $0 |
Nicole L Stricker Director, Vi | OfficerTrustee | 1 | $0 |
Steven C Stricker Director, Ch | OfficerTrustee | 1 | $0 |
William B Westrate Director, Pr | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hns Sports Group Tourament Opera | 12/30/21 | $163,891 |
Legendary Way Marketing Llc Marketing | 12/30/21 | $419,715 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $485,725 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,972,066 |
| Noncash contributions included in lines 1a–1f | $3,336,227 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,457,791 |
| Total Program Service Revenue | $0 |
| Investment income | $8,802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $76,711 |
| Net Income from Fundraising Events | $1,176,558 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,719,862 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,906,960 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $309,598 |
| 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 | $42,794 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $931,031 |
| Advertising and promotion | $1,102,235 |
| Office expenses | $4,520 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,226,188 |
| Travel | $198,085 |
| 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 | $38,353 |
| All other expenses | $9,358 |
| Total functional expenses | $6,371,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $748,652 |
| Savings and temporary cash investments | $4,902,740 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,000 |
| 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 | $35,812 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,313 |
| Total assets | $5,745,517 |
| Accounts payable and accrued expenses | $10,466 |
| Grants payable | $0 |
| Deferred revenue | $134,000 |
| 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 | $144,466 |
| Net assets without donor restrictions | $5,601,051 |
| 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 | $5,745,517 |
Grants Awarded
Over the last fiscal year, Steve Stricker American Family Insurance Foundation Inc has awarded $110,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF DANE COUNTY39-0817532 PURPOSE: EDUCATION | $60,000 |
THE FIRST TEE OF SOUTH CENTRAL WI20-5779146 PURPOSE: EDUCATION | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Steve Stricker American Family Insurance Foundation Inc has recieved totaling $129,589.
| Awarding Organization | Amount |
|---|---|
Kennedy Family Foundation Inc Janesville, WI PURPOSE: COMMUNITY SUPPORT | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $41,100 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $38,423 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
Communtiy Foundation Of The Holland Zeeland Area Holland, MI | $102,848,837 | $16,439,772 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
Community Foundation For The Land Of Lincoln Inc Springfield, IL | $62,800,465 | $16,636,147 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Chicago Cubs Charities Chicago, IL | $11,765,252 | $2,315,259 |