Holmen Area Community Center Inc
- Assets
- $227.6k
- Revenue
- $259.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Holmen, WI
- Founding
- 04/2016
- Data as of
- 12/2023
- EIN
- 47-5400335
Organization Overview
Holmen Area Community Center Inc is located in Holmen, WI. The organization was established in 2016. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Holmen Area Community Center Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holmen Area Community Center 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 12/2023, Holmen Area Community Center Inc generated $259.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $225.3k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUSTAIN A WELCOMING COMMUNITY CENTER THAT CONNECTS ALL GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUSTAIN A WELCOMING COMMUNITY CENTER THAT CONNECTS ALL GENERATIONS.
TO SUSTAIN A WELCOMING COMMUNITY CENTER THAT CONNECTS ALL GENERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Lin Wershofen President | OfficerTrustee | 4 | $0 |
Elizabeth Midthun President El | OfficerTrustee | 4 | $0 |
Tonya Berget Treasurer | OfficerTrustee | 3 | $0 |
Patty Shepard Secretary | OfficerTrustee | 3 | $0 |
Todd Trautman Development | Trustee | 3 | $0 |
Haley Hesselberg Nominating C | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,821 |
| Fundraising events | $1,779 |
| Related organizations | $0 |
| Government grants | $105,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,309 |
| Noncash contributions included in lines 1a–1f | $450 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,909 |
| Total Program Service Revenue | $18,592 |
| Investment income | $6,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,835 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,787 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $259,750 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,600 |
| 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 | $112,253 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,239 |
| Payroll taxes | $9,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $827 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,277 |
| Advertising and promotion | $622 |
| Office expenses | $8,088 |
| Information technology | $6,020 |
| Royalties | $25 |
| Occupancy | $54,603 |
| 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 | $637 |
| Insurance | $7,796 |
| All other expenses | $0 |
| Total functional expenses | $225,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,470 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $131 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $227,601 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,972 |
| Total liabilities | $2,972 |
| Net assets without donor restrictions | $224,629 |
| 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 | $227,601 |