Brodhead Area Foundation Inc
- Assets
- $2.0m
- Revenue
- $93.2k
- Investments
- $1.7m
- Employees
- 0
- Location
- Brodhead, WI
- Founding
- 03/1991
- Data as of
- 12/2022
- EIN
- 39-1652655
Organization Overview
Brodhead Area Foundation Inc is located in Brodhead, WI. The organization was established in 1991. 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. Brodhead Area 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, Brodhead Area Foundation Inc generated $93.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $199.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Brodhead Area Foundation Inc has awarded 88 individual grants totaling $1,202,827. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY OF BRODHEAD COVERED BRIDGE DAYS
BRODHEAD AREA EMS
GREENWOOD CEMENTERY
CITY OF BRODHEAD PARK & REC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lon Lederman President | 0 | $0 | |
William Prochnow Board Member | 0 | $0 | |
Teri Laborde Board Member | 0 | $0 | |
Ronald W Braun Board Member | 0 | $0 | |
Deanne Boegli Board Member | 0 | $0 | |
Ray Pawlisch Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $4,397 |
| Dividends & Interest | $45,644 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,163 |
| Capital Gain Net Income | $18,163 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $93,204 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $569 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $265 |
| Total operating and administrative expenses | $12,162 |
| Contributions, gifts, grants paid | $187,652 |
| Total expenses and disbursements | $199,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,255 |
| Savings and temporary cash investments | $302,642 |
| 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 | $1,692,987 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,015,884 |
| 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, Brodhead Area Foundation Inc has awarded $187,652 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
GREENWOODS CEMETERY ASSOCIATION PURPOSE: GRANT | $10,000 |
BAILEY HAWKINS PURPOSE: SCHOLARSHIP | $1,000 |
DAWSON MCGINTY PURPOSE: SCHOLARSHIP | $1,000 |
BRODHEAD CHAMBER OF COMMERCE PURPOSE: WILDFLOWER FESTIVAL | $200 |
BRODHEAD AREA EMERGANCY PURPOSE: EMS GRANT | $60,000 |
DALTON NARAMORE PURPOSE: SCHOLARSHIP | $1,000 |