Hodag Schools Foundation Inc

Organization Overview

Hodag Schools Foundation Inc is located in Rhinelander, WI. The organization was established in 2003. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Hodag Schools 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 06/2022, Hodag Schools Foundation Inc generated $215.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $541.6k during the year ending 06/2022. While expenses have increased by 19.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FINANCIAL SUPPORT FOR QUALITY PROGRAMS AND FACILITIES WHICH BENEFIT STUDENTS AND PROMOTE EXCELLENCE IN THE SCHOOL DISTRICT OF RHINELANDER, AND THE ENTIRE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOOL IMPROVEMENT AND EDUCATIONAL SUPPORT


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Board, Officers & Key Employees

Name (title)Compensation
Julie Bronson
Treasurer/se
$0
David Heck
President
$0
Mike Roberts
Vice Preside
$0
Eric Burke
Ex-Officio
$0
Brian Gaber
Director
$0
Steven Jensen
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$25,000
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$207,497
Noncash contributions included in lines 1a–1f $171,654
Total Revenue from Contributions, Gifts, Grants & Similar$232,497
Total Program Service Revenue$0
Investment income $247
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,515
Net Income from Fundraising Events -$22,921
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $215,338

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Hodag Schools Foundation Inc has recieved totaling $50,000.

Awarding OrganizationAmount
Paul J White Family Foundation

Deephaven, MN

PURPOSE: GENERAL OPERATING

$25,000
American Gift Fund

Wilmington, DE

PURPOSE: OPERATIONS

$25,000
View Grant Recipient Profile

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