Matt Kolbe Memorial Foundation Inc
- Assets
- $215.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chilton, WI
- Founding
- Data as of
- 12/2022
- EIN
- 86-3210119
Organization Overview
Matt Kolbe Memorial Foundation Inc is located in Chilton, WI. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matt Kolbe Memorial 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, Matt Kolbe Memorial Foundation Inc generated $115.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $13.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SUPPORT OF THE BUILDING OF AN INCLUSION FRIENDLY, FULLY ACCESSIBLE PLAYGROUND AT A LOCAL PARK IN CHILTON, WI. THE PROJECT WILL PROVIDE ACCESSIBLE PLAY TO CHILDREN OF ALL ABILITIES AND WILL PROMOTE INCLUSION AND ACCEPTANCE IN OUR COMMUNITY. THIS PROJECT ALIGNS WITH THE MISSION AND VISION OF THE MATT KOLBE MEMORIAL FOUNDATION. NOTE, ALL PROCEEDS RAISED ARE CURRENTLY BENEFITING THE PLAYGROUND PROJECT ABOVE. CONSTRUCTION WILL BEGIN IN SEPTEMBER OF 2023, AT WHICH TIME, THE MATT KOLBE MEMORIAL FOUNDATION WILL CONTRIBUTE ANY REMAINING FUNDS TO SUPPORT THE PROJECT. ALL OTHER EXPENSES SUPPORTED THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Kolbe President And Board Member | 5 | $0 | |
Luke Kolbe Vice President, Treasurer, And Board Member | 3 | $0 | |
Emily Kolbe Secretary And Board Member | 2 | $0 | |
Ronald Kolbe Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,634 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $115,634 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $950 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $12,510 |
| Other expenses | $0 |
| Total expenses | $13,460 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $215,596 |
| Other assets | $0 |
| Total assets | $215,596 |
| Total liabilities | $0 |
| Net assets or fund balances | $215,596 |