Fond Du Lac Area Foundation
- Assets
- $72.7m
- Revenue
- $12.1m
- Investments
- $96.0k
- Employees
- 6
- Location
- Fond Du Lac, WI
- Founding
- 02/1976
- Data as of
- 12/2021
- EIN
- 51-0181570
Organization Overview
Fond Du Lac Area Foundation is located in Fond Du Lac, WI. The organization was established in 1976. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Fond Du Lac Area Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fond Du Lac Area Foundation 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, Fond Du Lac Area Foundation generated $12.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 11.1% 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 2015, Fond Du Lac Area Foundation has awarded 253 individual grants totaling $6,530,308. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATING A BETTER COMMUNITY BY PROMOTING PHILANTHROPY, AWARDING EFFECTIVE GRANTS, AND PROVIDING LEADERSHIP ON IMPORTANT COMMUNITY ISSUES TODAY AND FOREVER.
Describe the Organization's Program Activity:
GRANTS ARE MADE TO ORGANIZATIONS THAT QUALIFY UNDER IRC SEC 501(C)(3). SCHOLARSHIPS ARE AWARDED TO INDIVIDUALS IN COMPLIANCE WITH HR4-PENSION PROTECTION ACT OF 2006.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Braun Executive Di | Officer | 50 | $118,000 |
David J Hornung Vice Chair | OfficerTrustee | 1 | $0 |
Aaron Sadoff Treasurer | OfficerTrustee | 1 | $0 |
Thomas J Gross Chair | OfficerTrustee | 1 | $0 |
Loree L Shady Secretary | OfficerTrustee | 1 | $0 |
Tripp Ahern Member | 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 | $5,732,709 |
| Noncash contributions included in lines 1a–1f | $662,946 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,732,709 |
| Total Program Service Revenue | $0 |
| Investment income | $697,126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$39,094 |
| Net Gain/Loss on Asset Sales | $5,655,967 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,050,578 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,778,164 |
| Grants and other assistance to domestic individuals. | $215,225 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,860 |
| Compensation of current officers, directors, key employees. | $74,796 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,484 |
| Pension plan accruals and contributions | $12,253 |
| Other employee benefits | $22,932 |
| Payroll taxes | $18,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,970 |
| Advertising and promotion | $14,296 |
| Office expenses | $2,910 |
| Information technology | $15,330 |
| Royalties | $0 |
| Occupancy | $27,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $740 |
| Interest | $17,408 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,121 |
| All other expenses | $4,061 |
| Total functional expenses | $2,660,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319,383 |
| Savings and temporary cash investments | $5,661,450 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,500 |
| 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 | $763,299 |
| Investments—publicly traded securities | $65,819,903 |
| Investments—other securities | $96,025 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $72,661,560 |
| Accounts payable and accrued expenses | $5,442 |
| Grants payable | $50,000 |
| 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 | $481,002 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,220,515 |
| Total liabilities | $6,756,959 |
| Net assets without donor restrictions | $65,904,601 |
| 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 | $72,661,560 |
Grants Awarded
Over the last fiscal year, Fond Du Lac Area Foundation has awarded $1,073,058 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
Fond Du Lac, WI PURPOSE: GENERAL SUPPORT | $128,268 |
MOUNT CALVARY ATHLETIC CLUB PURPOSE: GENERAL SUPPORT | $100,000 |
Fond Du Lac, WI PURPOSE: GENERAL SUPPORT | $75,637 |
Fond Du Lac, WI PURPOSE: GENERAL SUPPORT | $65,369 |
Fond Du Lac, WI PURPOSE: GENERAL SUPPORT | $57,799 |
Fond Du Lac, WI PURPOSE: GENERAL SUPPORT | $53,514 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Fond Du Lac Area Foundation has recieved totaling $22,450.
| Awarding Organization | Amount |
|---|---|
Alliant Energy Foundation Inc Madison, WI PURPOSE: MATCHING GIFTS | $10,550 |
Patrick & Marysue Michels Family Foundation Brownsville, WI PURPOSE: DAVIG G. COOK SCHOLARSHIP FUND & KLANDERMAN FAMILY FUND | $10,000 |
Grande Foundation Fond Du Lac, WI PURPOSE: EDUCATION PROGRAMS | $1,500 |
Alliant Energy Foundation Inc Madison, WI PURPOSE: VOLUNTEER GRANT | $400 |
Endowment Analysis
| Beg. Balance | $56,848,990 |
| Earnings | $6,120,679 |
| Admin Expense | -$611,133 |
| Net Contributions | $6,012,334 |
| Grants | -$2,068,428 |
| Ending Balance | $66,302,442 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quad Cities Golf Classic Charitable Foundation East Moline, IL | $5,926,812 | $12,981,935 |
Jewel Nail Bomar Trust 8336230300 Chicago, IL | $101,133,335 | $15,350,534 |
Others First Inc Rochester Hills, MI | $4,306,956 | $11,125,375 |
Pious Projects Of America Bridgeview, IL | $2,395,968 | $8,177,090 |
The Edward Lowe Foundation Cassopolis, MI | $139,490,354 | $14,349,160 |
Worth County Development Authority Northwood, IA | $8,240,749 | $6,157,684 |
Constellation Fund Minneapolis, MN | $8,581,079 | $5,161,859 |
Wayfarer Foundation Highland Park, IL | $333,654 | $4,731,977 |
Washington County Riverboat Foundation Washington, IA | $2,209,057 | $4,844,569 |
Catholic United Financial Foundation St Paul, MN | $37,486,034 | $6,021,022 |
Fond Du Lac Area Foundation Fond Du Lac, WI | $72,661,560 | $12,050,578 |
Karam Foundation Nfp Lake Forest, IL | $4,231,584 | $2,840,038 |