Washburn Community Education Foundation Inc
- Assets
- $1.3m
- Revenue
- $58.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- Washburn, WI
- Founding
- 09/1998
- Data as of
- 12/2021
- EIN
- 39-1933787
Organization Overview
Washburn Community Education Foundation Inc is located in Washburn, WI. The organization was established in 1998. According to its NTEE Classification (T31) the organization is classified as: Community 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. Washburn Community Education 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 12/2021, Washburn Community Education Foundation Inc generated $58.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $35.2k during the year ending 12/2021. While expenses have increased by 6.7% 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.
Since 2019, Washburn Community Education Foundation Inc has awarded 67 individual grants totaling $214,249. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL GRANTS AND SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marne Gorman-Belanger Co-President | 0 | $0 | |
Heather Atherton Director | 0 | $0 | |
Patti Fenner-Leino Director | 0 | $0 | |
Michael Jackson Treasurer | 0 | $0 | |
Sue Blong Co-President | 0 | $0 | |
Norma Lien Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $850 |
| Interest on Savings | $3,181 |
| Dividends & Interest | $17,720 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,777 |
| Capital Gain Net Income | $36,777 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,528 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $424 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,509 |
| Total operating and administrative expenses | $3,183 |
| Contributions, gifts, grants paid | $32,050 |
| Total expenses and disbursements | $35,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $58,118 |
| 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 | $1,193,637 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,251,755 |
| 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, Washburn Community Education Foundation Inc has awarded $32,050 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
THE CLUB PURPOSE: YOUTH PROGRAMS GRANTS | $7,212 |
LAKE SUPERIOR VIEW SKI & FAT BIKE PURPOSE: SKI & FAT BIKE TRAILS GRANT | $6,000 |
SCHOOL DISTRICT OF WASHBURN PURPOSE: SWANSON SENIOR SCHOLARSHIPS | $3,500 |
ADVENTUREUS PURPOSE: TEACHING SEWING GRANT | $3,204 |
BAYVIEW HISTORY COMMITTEE PURPOSE: A DAY AT THE DEPOT GRANT | $3,192 |
SCHOOL DISTRICT OF WASHBURN PURPOSE: SENIOR STUDENT SERVICE AWARDS | $2,250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Washburn Community Education Foundation Inc has recieved totaling $13.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Endowment Analysis
| Beg. Balance | $56,192 |
| Earnings | -$3,827 |
| Admin Expense | $421 |
| Net Contributions | $200 |
| Grants | $2,136 |
| Ending Balance | $50,008 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |
Midland Area Community Foundation Midland, MI | $121,202,704 | $11,959,875 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Northeast Iowa Cedar Falls, IA | $163,015,524 | $24,241,546 |
West Central Initiative Fergus Falls, MN | $80,928,029 | $10,157,757 |
Berrien Community Foundation Inc St Joseph, MI | $80,848,791 | $11,315,608 |
South Central Iowa Community Foundation Chariton, IA | $15,877,246 | $5,307,597 |
Waukesha County Community Foundation Inc Waukesha, WI | $76,894,981 | $24,718,378 |
Saginaw Community Foundation Saginaw, MI | $102,443,915 | $13,682,222 |
Community Foundation Of St Clair County Port Huron, MI | $89,709,693 | $10,612,101 |
Community Foundation Of The Fox River Valley Aurora, IL | $129,427,234 | $19,610,188 |