Marshfield Area Community Foundation Inc
- Assets
- $16.6m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Marshfield, WI
- Founding
- 10/2015
- Data as of
- 12/2021
- 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 12/2021, Marshfield Area Community Foundation Inc employed 3 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 12/2021, Marshfield Area Community Foundation Inc generated $4.3m 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 (19.4%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Marshfield Area Community Foundation Inc has awarded 94 individual grants totaling $13,894,842. 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
2021
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/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 |
|---|---|---|---|
Stacey Schultz Executive Director | Officer | 40 | $67,647 |
Terry Frankland President | OfficerTrustee | 1 | $0 |
Lori Gropp Treasurer | OfficerTrustee | 1 | $0 |
Ben Bauer Secretary | OfficerTrustee | 1 | $0 |
Jim Bartelt Immediate Past President | OfficerTrustee | 1 | $0 |
Dr Brian Parker Vice President | OfficerTrustee | 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 | $3,419,637 |
| Noncash contributions included in lines 1a–1f | $60,110 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,419,637 |
| Total Program Service Revenue | $0 |
| Investment income | $155,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $715,292 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,290,484 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,492,053 |
| Grants and other assistance to domestic individuals. | $100,781 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,647 |
| Compensation of current officers, directors, key employees. | $40,589 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,622 |
| Pension plan accruals and contributions | $2,447 |
| Other employee benefits | $0 |
| Payroll taxes | $7,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,254 |
| Fees for services: Accounting | $14,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,676 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,491 |
| Information technology | $20,000 |
| Royalties | $0 |
| Occupancy | $6,892 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $337 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,039 |
| Insurance | $3,408 |
| All other expenses | $0 |
| Total functional expenses | $2,886,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,415 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,270,604 |
| 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 | $31,672 |
| Investments—publicly traded securities | $15,019,911 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,552,602 |
| Accounts payable and accrued expenses | $2,036 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $464,312 |
| 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 | $466,348 |
| Net assets without donor restrictions | $2,466,915 |
| Net assets with donor restrictions | $13,619,339 |
| 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 | $16,552,602 |
Grants Awarded
Over the last fiscal year, Marshfield Area Community Foundation Inc has awarded $2,214,211 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOOL DISTRICT OF MARSHFIELD PURPOSE: COMMUNITY GRANTS | $928,000 |
CITY OF MARSHFIELD PURPOSE: COMMUNITY GRANTS | $858,315 |
Wisconsin Rapids, WI PURPOSE: COMMUNITY GRANTS | $103,051 |
FOREVER FUND PURPOSE: COMMUNITY GRANTS | $70,314 |
MARSHFIELD PARKS & RECREATION PURPOSE: COMMUNITY GRANTS | $30,000 |
Marshfield, WI PURPOSE: COMMUNITY GRANTS | $27,754 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Marshfield Area Community Foundation Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $12,211,377 |
| Earnings | $1,106,514 |
| Admin Expense | $894,836 |
| Net Contributions | $634,408 |
| Grants | $2,681,543 |
| Ending Balance | $10,375,925 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communitygiving St Cloud, MN | $193,103,222 | $46,523,540 |
Quad Cities Community Foundation Bettendorf, IA | $165,771,747 | $15,098,956 |
Muskegon County Community Foundation Muskegon, MI | $247,862,579 | $28,555,582 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $223,368,352 | $26,493,454 |
Community Foundation Of Greater Flint Flint, MI | $212,857,243 | $17,865,297 |
Ann Arbor Area Community Foundation Ann Arbor, MI | $219,428,649 | $31,760,954 |
3m Open Fund Blaine, MN | $2,792,523 | $13,492,516 |
Fremont Area Community Foundation Fremont, MI | $291,559,908 | $22,142,594 |
Dupage Community Foundation Downers Grove, IL | $125,703,251 | $14,295,087 |
Grand Haven Area Community Foundation Inc Grand Haven, MI | $189,481,921 | $23,464,810 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |