Janesville Foundation Inc
- Assets
- $8.4m
- Revenue
- $441.4k
- Investments
- $7.7m
- Employees
- 0
- Location
- Janesville, WI
- Founding
- 10/1946
- Data as of
- 12/2022
- EIN
- 39-6034645
Organization Overview
Janesville Foundation Inc is located in Janesville, WI. The organization was established in 1946. 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. Janesville 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, Janesville Foundation Inc generated $441.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $734.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Janesville Foundation Inc has awarded 109 individual grants totaling $5,308,289. 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
THE JANESVILLE FOUNDATION SUPPORTS TAX-EXEMPT ORGANIZATIONS WHOSE PROGRAMS HAVE A SIGNIFICANT IMPACT ON THE JANESVILLE, WISCONSIN AREA. OUR MISSION IS TO CREATE MORE PRODUCTIVE LIVES THROUGH EDUCATION, SUPPORT CAPITAL NEEDS OF ORGANIZATIONS SEEKING TO CREATE A BETTER COMMUNITY IN WHICH TO WORK AND LIVE, EXPLORE WAYS IN WHICH TO LEVERAGE OUR AVAILABLE GRANT FUNDS, AND COOPERATE WITH OTHER AGENCIES AND AREA GRANT-MAKERS. THE JANESVILLE FOUNDATION APPROVED 9 GRANTS DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rowland J Mcclellan Chair | 1 | $0 | |
Dennis L Hansch Vice Chair/treasurer | 1 | $0 | |
Dolores M Dilley Secretary | 1 | $1,000 | |
Ronald K Ochs President/ceo | 20 | $65,000 | |
Oakleigh M Ryan Director | 1 | $0 | |
Larry E Squire Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $156,669 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $271,850 |
| Capital Gain Net Income | $271,850 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,851 |
| Total Revenue | $441,370 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $66,000 |
| Other employee salaries and wages | $18,093 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,582 |
| Depreciation | $10,879 |
| Occupancy | $3,883 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,995 |
| Total operating and administrative expenses | $212,735 |
| Contributions, gifts, grants paid | $521,750 |
| Total expenses and disbursements | $734,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,353 |
| Savings and temporary cash investments | $340,702 |
| 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 | $5,978 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $301,639 |
| Other assets | $0 |
| Total assets | $8,380,276 |
| Accounts payable and accrued expenses | $2,000 |
| Grants payable | $146,250 |
| 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 | $148,250 |
Grants Awarded
Over the last fiscal year, Janesville Foundation Inc has awarded $590,750 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CANDID INC PURPOSE: GENERAL SUPPORT | $1,500 |
CITY OF JANESVILLE PURPOSE: SUPPORT FOR THE LION'S CLUB PAVILION AT LION'S BEACH | $10,000 |
CHILDREN'S MUSEUM OF ROCK COUNTY INC PURPOSE: SUPPORT THE CAPITAL CAMPAIGN | $100,000 |
FORWARD FOUNDATION INC PURPOSE: DIRECTOR SEARCH FOR FORWARD JANESVILLE | $49,000 |
FORWARD FOUNDATION INC PURPOSE: SUPPORT THE WOODMAN'S SPORTS & CONVENTION CENTER | $75,000 |
MILTON HISTORICAL SOCIETY PURPOSE: UPDATES TO THE TOMAH COMMUNITY ROOM, BUILDING IMPROVEMENTS, AND EDUCATION/TOUR UPDATES. | $32,000 |