Selma J Hartke Community Foundation
- Assets
- $7.9m
- Revenue
- $1.3m
- Investments
- $7.8m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 02/2001
- Data as of
- 03/2023
- EIN
- 37-1406237
Organization Overview
Selma J Hartke Community Foundation is located in Milwaukee, WI. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Selma J Hartke Community 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 03/2023, Selma J Hartke Community Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $937.5k during the year ending 03/2023. While expenses have increased by 0.1% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin E Hardt Board Of Directors | 0 | $22,000 | |
Karl W Hardt Board Of Directors | 0 | $22,000 | |
Dorothy A Ernst Board Of Directors | 0 | $22,000 | |
Joshua Hardt Board Of Directors | 0 | $0 | |
Carrie Hardt Board Of Directors | 0 | $0 | |
Paul Ernst Board Of Directors | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Bank N A | 3/30/23 | $75,440 |
Brown Hay Stephens Llp | 3/30/23 | $55,170 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $178,518 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,093,481 |
| Capital Gain Net Income | $1,093,481 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $176 |
| Total Revenue | $1,272,175 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $66,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,077 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $115 |
| Total operating and administrative expenses | $207,802 |
| Contributions, gifts, grants paid | $729,710 |
| Total expenses and disbursements | $937,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $151,979 |
| 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 | $6,886 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,929,998 |
| 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, Selma J Hartke Community Foundation has awarded $729,710 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIPS - SEE ATTACHED PURPOSE: SCHOLARSHIP | $616,683 |
GRANTS - SEE ATTACHED PURPOSE: GENERAL OPERATING | $113,027 |