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. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.3%) 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 93 individual grants totaling $3,751,300. 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 |
|---|---|---|---|
Ronald K Ochs President/ceo | 20 | $65,000 | |
Dolores M Dilley Secretary | 1 | $1,000 | |
Oakleigh M Ryan Director | 1 | $0 | |
Larry E Squire Director | 1 | $0 | |
Dennis L Hansch Vice Chair/treasurer | 1 | $0 | |
Rowland J Mcclellan Chair | 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 |
|---|---|
Janesville, WI PURPOSE: MENTAL & BEHAVIORAL HEALTH - SUPPORT INITIAL OPERATIONS | $160,000 |
Janesville, WI PURPOSE: MENTAL & BEHAVIORAL HEALTH - SUPPORT INITIAL OPERATIONS | $140,000 |
Janesville, WI PURPOSE: SUPPORT THE CAPITAL CAMPAIGN | $100,000 |
Janesville, WI PURPOSE: SUPPORT THE WOODMAN'S SPORTS & CONVENTION CENTER | $75,000 |
Janesville, WI PURPOSE: DIRECTOR SEARCH FOR FORWARD JANESVILLE | $49,000 |
Milton, WI PURPOSE: UPDATES TO THE TOMAH COMMUNITY ROOM, BUILDING IMPROVEMENTS, AND EDUCATION/TOUR UPDATES. | $32,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joyce Foundation Chicago, IL | $1,408,794,882 | $150,496,278 |
Lynde And Harry Bradley Foundation Inc Milwaukee, WI | $1,061,478,184 | $82,867,746 |
United Health Foundation Minnetonka, MN | $216,072,517 | $86,645 |
Herbert H & Grace A Dow Foundation Midland, MI | $575,608,768 | $36,767,282 |
Dte Energy Foundation Detroit, MI | $165,950,300 | $32,183,321 |
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
The Green Fern Foundation Minneapolis, MN | $108,921,285 | $8,489,620 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |
G Carl Ball Family Foundation West Chicago, IL | $40,772,718 | $1,501,347 |