Dane Buy Local Foundation Inc
- Assets
- $200.0k
- Revenue
- $19.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 47-3494555
Organization Overview
Dane Buy Local Foundation Inc is located in Madison, WI. The organization was established in 2015. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dane Buy Local 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, Dane Buy Local Foundation Inc generated $19.1m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $19.0m during the year ending 12/2021. While expenses have increased by 33.1% per year over the past 2 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 2020, Dane Buy Local Foundation Inc has awarded 1,445 individual grants totaling $13,045,595. 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
TO ADVANCE THE MISSION OF DANE BUY LOCAL AND TO RECEIVE GRANTS AND CONTRIBUTIONS BENEFITING SAID ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DANE COUNTY SMALL BUSINESS GRANT PROGRAM - THIS PROGRAM OFFERS SUPPORT TO SMALL BUSINESSES IN DANE COUNTY WHO MEET THE PROGRAM'S ELIGIBILITY REQUIREMENTS. IN 2021, THERE WERE $14,817,545 IN TOTAL AWARDS GRANTED TO 1,891 SMALL BUSINESSES LOCATED IN DANE COUNTY. THE AVERAGE AWARD AMOUNT WAS $7,836. 39.5% OF ALL GRANTS WERE AWARDED TO MINORITY-OWNED BUSINESSES. 1,002 GRANTS, OR 53%, OF ALL GRANTS WERE AWARDED TO 100% WOMEN-OWNED BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Muehl Treasurer | OfficerTrustee | 1 | $0 |
Scott Seid Vice President | OfficerTrustee | 1 | $0 |
Colin Murray President | OfficerTrustee | 3 | $0 |
Lauri Lee Secretary | OfficerTrustee | 1 | $0 |
Lee Kampa Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,114,251 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,130,759 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,130,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,897,549 |
| Grants and other assistance to domestic individuals. | $5,800 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $57,740 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,000 |
| Advertising and promotion | $0 |
| Office expenses | $444 |
| Information technology | $646 |
| Royalties | $0 |
| Occupancy | $1,720 |
| Travel | $0 |
| 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 | $1,560 |
| All other expenses | $0 |
| Total functional expenses | $18,987,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,453 |
| Savings and temporary cash investments | $5 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,500 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $199,958 |
| Accounts payable and accrued expenses | $3,265 |
| 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 | $3,265 |
| Net assets without donor restrictions | $196,693 |
| 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 | $199,958 |
Grants Awarded
Over the last fiscal year, Dane Buy Local Foundation Inc has awarded $12,667,595 in support to 1,382 organizations.
| Grant Recipient | Amount |
|---|---|
FEAST MODERN CUISINE LLC PURPOSE: COVID RELIEF | $14,000 |
CHOSEN FEW GYM LLC PURPOSE: COVID RELIEF | $14,000 |
CRONE APOTHECARY PURPOSE: COVID RELIEF | $14,000 |
OSCAR'S AUTO REPAIR PURPOSE: COVID RELIEF | $14,000 |
IRENE GALLERIES PURPOSE: COVID RELIEF | $14,000 |
D &D OLSON FARMS INC PURPOSE: COVID RELIEF | $14,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dane Buy Local Foundation Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Evjue Foundation Inc Madison, WI PURPOSE: SUPPORT OPERATIONS | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
North Central States Regional Council Of Carpenters St Paul, MN | $80,577,529 | $40,138,567 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |
International Sanitary Supply Association Rosemont, IL | $73,095,156 | $16,343,711 |
International Foundation Of Employee Benefit Plans Inc Brookfield, WI | $45,052,685 | $24,056,813 |
Aisc Holdings Inc Chicago, IL | $39,650,514 | $25,378,611 |
American College Of Surgeons Professional Association Chicago, IL | $12,847,056 | $21,670,888 |