Highlands Foundation Inc
- Assets
- $6.1m
- Revenue
- $360.8k
- Investments
- $4.2m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 03/2006
- Data as of
- 12/2023
- EIN
- 20-3941123
Organization Overview
Highlands Foundation Inc is located in Madison, WI. The organization was established in 2006. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Highlands 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 12/2023, Highlands Foundation Inc generated $360.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.5%) each year. All expenses for the organization totaled $10.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Highlands Foundation Inc has awarded 55 individual grants totaling $20,054,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan A Bakke President | 1 | $0 | |
James J Bakke Vice President | 1 | $0 | |
Blaine R Renfert Secretary & Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $524,676 |
| Dividends & Interest | $90,655 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$254,546 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $360,785 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,964 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $107 |
| Total operating and administrative expenses | $35,748 |
| Contributions, gifts, grants paid | $10,427,500 |
| Total expenses and disbursements | $10,463,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,620 |
| Savings and temporary cash investments | $1,735,595 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $202,094 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,075,218 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Highlands Foundation Inc has awarded $10,427,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
DOMESTIC ABUSE INTERVENTION SERVICES (DAIS) PURPOSE: UNRESTRICTED CHARITABLE GIFT | $100,000 |
FRIENDS OF THE WAISMAN CENTER INC PURPOSE: UNRESTRICTED CHARITABLE GIFT | $10,000 |
JOHN F KENNEDY CENTER FOR THE PERFORMING ARTS PURPOSE: UNRESTRICTED CHARITABLE GIFT | $250,000 |
MADISON SYMPHONY ORCHESTRA LEAGUE PURPOSE: CONCERT ON THE GREEN | $5,000 |
THE ARIZONA HUMANE SOCIETY PURPOSE: UNRESTRICTED CHARITABLE GIFT | $20,000 |
TOWN OF MANITOWISH WATERS PURPOSE: PICKLEBALL PROJECT | $10,000 |