Legacy Foundation Of Central Wisconsin Inc
- Assets
- $142.6m
- Revenue
- $5.0m
- Investments
- $123.3m
- Employees
- 0
- Location
- Wisconsin Rapids, WI
- Founding
- 09/2015
- Data as of
- 06/2022
- EIN
- 47-2978943
Organization Overview
Legacy Foundation Of Central Wisconsin Inc is located in Wisconsin Rapids, WI. The organization was established in 2015. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Foundation Of Central Wisconsin 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 06/2022, Legacy Foundation Of Central Wisconsin Inc generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $7.4m during the year ending 06/2022. While expenses have increased by 18.8% 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.
Since 2016, Legacy Foundation Of Central Wisconsin Inc has awarded 86 individual grants totaling $43,845,564. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Bovee Executive Di | 40 | $390,680 | |
Steven Bell Chair | 0.5 | $0 | |
Robb Sigler Vice Chair | 0.5 | $0 | |
Pamela Ross Secretary | 0.5 | $0 | |
David Kumm Treasurer | 0.5 | $0 | |
Timothy Mancl Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,021,021 |
| Net Rental Income | $2,295,249 |
| Net Gain on Sale of Assets | -$468,645 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,980,958 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $390,680 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $79,067 |
| Interest | $0 |
| Taxes | $242,231 |
| Depreciation | $133,333 |
| Occupancy | $24,591 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,786 |
| Total operating and administrative expenses | $1,209,990 |
| Contributions, gifts, grants paid | $6,232,996 |
| Total expenses and disbursements | $7,442,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,953,673 |
| Savings and temporary cash investments | $11,620,490 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,616,467 |
| Other assets | $79,322 |
| Total assets | $142,600,446 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,084,345 |
| Total liabilities | $2,084,345 |
Grants Awarded
Over the last fiscal year, Legacy Foundation Of Central Wisconsin Inc has awarded $6,232,996 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
WISCONSIN RAPIDS PUBLIC SCHOOLS PURPOSE: FUND NEW BASEBALL FIELDS | $3,100,000 |
UNIV OF WI-STEVENS POINT FOUNDATION PURPOSE: FUND ENDOWMENT PROFESSOR OF POPULATI | $1,500,000 |
Wisconsin Rapids, WI PURPOSE: FUND ENHANCE SUSTAINABILITY | $828,842 |
NEKOOSA SCHOOL DISTRICT PURPOSE: ATHLETIC COMPLEX MATCHING GRANT | $500,000 |
Marshfield, WI PURPOSE: NEW FACILITY & OPERATING SUPPORT | $200,000 |
FEEDING OUR COMM WITH UNITED SERV PURPOSE: FUND A NEW FACILITY | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Health Care Foundation Minneapolis, MN | $90,729,243 | $25,438,436 |
Hospital Sisters Of St Francis Foundation Inc Springfield, IL | $115,855,911 | $14,666,018 |
Iowa Health Foundation Des Moines, IA | $224,193,770 | $32,909,877 |
Great River Health System Inc West Burlington, IA | $45,236,336 | $11,348,232 |
Fund For Medical Research And Education Detroit, MI | $30,425,506 | $9,049,534 |
Mercy Foundation Of Des Moines Iowa Des Moines, IA | $72,079,814 | $11,993,555 |
Legacy Foundation Of Central Wisconsin Inc Wisconsin Rapids, WI | $142,600,446 | $4,980,958 |
Metro Solutions Inc Southfield, MI | $8,153,189 | $9,205,268 |
Marshfield Clinic Health System Foundation Inc Marshfield, WI | $149,772,122 | $21,068,703 |
Legacy Dmc Detroit, MI | $0 | $132,374 |
Masonic Family Health Foundation Downers Grove, IL | $127,837,780 | $9,277,833 |
Gillette Childrens Hospital Foundation St Paul, MN | $41,489,322 | $14,728,152 |