Marshfield Area Community Foundation Inc
- Assets
- $13.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 2
- Location
- Marshfield, WI
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-3441083
Organization Overview
Marshfield Area Community Foundation Inc is located in Marshfield, WI. The organization was established in 2015. 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 12/2022, Marshfield Area Community Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshfield Area Community 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 12/2022, Marshfield Area Community Foundation Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Marshfield Area Community Foundation Inc has awarded 120 individual grants totaling $15,350,816. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER TO ENRICH THE QUALITY OF LIFE IN THE MARSHFIELD AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS WERE DISTRIBUTED TO VARIOUS PEOPLE/ORGANIZATIONS FOR SCHOLARSHIPS AND GRANTS TO BE USED EXCLUSIVELY FOR EDUCATIONAL, RECREATIONAL, ARTISTIC, CONSERVATION, AND COMMUNITY DEVELOPMENT BASED ON THE RESTRICTIONS OF THE DONOR FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Frankland Immediate Past President | Trustee | 1 | $0 |
Dr Brian Parker President | OfficerTrustee | 1 | $0 |
Justin Casperson Vice President | OfficerTrustee | 1 | $0 |
Lori Gropp Treasurer | OfficerTrustee | 1 | $0 |
Ben Bauer Secretary | OfficerTrustee | 1 | $0 |
Michelle Boernke 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 | $1,220,672 |
| Noncash contributions included in lines 1a–1f | $985 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,220,672 |
| Total Program Service Revenue | $0 |
| Investment income | $225,539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $124,018 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,573,479 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,564,786 |
| Grants and other assistance to domestic individuals. | $157,892 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,622 |
| Compensation of current officers, directors, key employees. | $42,973 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,501 |
| Pension plan accruals and contributions | $3,401 |
| Other employee benefits | $0 |
| Payroll taxes | $7,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,466 |
| Fees for services: Accounting | $21,054 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,608 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,284 |
| Office expenses | $4,107 |
| Information technology | $19,393 |
| Royalties | $0 |
| Occupancy | $5,349 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,269 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,992 |
| Insurance | $3,601 |
| All other expenses | $0 |
| Total functional expenses | $1,972,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,745 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $666,356 |
| 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 | $26,680 |
| Investments—publicly traded securities | $12,734,382 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,003 |
| Total assets | $13,640,166 |
| Accounts payable and accrued expenses | $16,633 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $307,255 |
| 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 | $34,003 |
| Total liabilities | $357,891 |
| Net assets without donor restrictions | $4,575,140 |
| Net assets with donor restrictions | $8,707,135 |
| 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 | $13,640,166 |
Grants Awarded
Over the last fiscal year, Marshfield Area Community Foundation Inc has awarded $1,455,974 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LEGION POST 54 PURPOSE: S:COMMUNITY DEVEL | $8,106 |
CHESTNUT CENTER FOR THE ARTS PURPOSE: A:ARTS, CULTURE | $11,399 |
B&D PLUMBING & HEATING INC PURPOSE: L:HOUSING, SHELTER | $7,230 |
CHILD CARE CENTERS OF MARSHFIELD INC PURPOSE: Y:YOUTH | $16,000 |
COLUMBUS CATHOLIC SCHOOL PURPOSE: N:SPORTS/LEISURE | $21,267 |
COMPANION DAY SERVICES PURPOSE: Y:YOUTH | $15,724 |