Fall Creek Area Foundation
- Assets
- $841.8k
- Revenue
- $141.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Fall Creek, WI
- Founding
- 02/1995
- Data as of
- 12/2021
- EIN
- 39-6522293
Organization Overview
Fall Creek Area Foundation is located in Fall Creek, WI. The organization was established in 1995. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fall Creek Area 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 12/2021, Fall Creek Area Foundation generated $141.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $45.9k during the year ending 12/2021. While expenses have increased by 0.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE AND PROMOTE CHARITABLE ENTERPRISE IN THE FALL CREEK AREA AND PROVIDE A MECHANISM FOR PEOPLE TO MAKE DONATIONS FOR IMPROVEMENT OF QUALITY OF LIFE FOR PRESENT AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST LOCAL GOVT ORGANIZATIONS IN PROVIDING AND INCREASING THE VALUE OF THEIR SERVICES TO THE FALL CREEK COMMUNITY AND SCHOOL STUDENTS
INVESTED DESIGNATED FUNDS TO PROVIDE SCHOLARSHIPS TO FALL CREEK HIGH SCHOOL GRADUATES IN ACCORDANCE WITH CRITERIA RECEIVED FROM VARIOUS DONARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Mason President | Officer | 3 | $0 |
Stephanie Raap Vice President | Officer | 1 | $0 |
Marjorie Messerschmidt Secretary | Officer | 1 | $0 |
Dawn Schulz Treasurer | Officer | 3 | $0 |
Marvin Schmit Trustee | Trustee | 1 | $0 |
Clara Grohn Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,322 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,322 |
| Total Program Service Revenue | $0 |
| Investment income | $24,713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $141,035 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,513 |
| Grants and other assistance to domestic individuals. | $34,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $250 |
| Office expenses | $243 |
| Information technology | $468 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $45,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $548 |
| Savings and temporary cash investments | $66,397 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $630,701 |
| Investments—other securities | $0 |
| Investments—program-related | $62,881 |
| Intangible assets | $0 |
| Other assets | $81,229 |
| Total assets | $841,756 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $693,582 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $148,174 |
| Total liabilities and net assets/fund balances | $841,756 |
Grants Awarded
Over the last fiscal year, Fall Creek Area Foundation has awarded $6,100 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITY CEMETERY ASSN | | | $4,000 |
FALL CREEK DISC GOLF | | | $1,100 |
EC RURAL RESILENCY | | | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fall Creek Area Foundation has recieved totaling $111,500.
| Awarding Organization | Amount |
|---|---|
Eau Claire Community Foundation Eau Claire, WI PURPOSE: SCHOLARSHIPS | $100,000 |
M&t Foundation Dallas, TX PURPOSE: EDUCATION | $10,000 |
Jamf Nation Global Foundation Minneapolis, MN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $1,500 |
Endowment Analysis
| Beg. Balance | $596,090 |
| Earnings | $38,434 |
| Admin Expense | $717 |
| Net Contributions | $104,050 |
| Grants | $18,650 |
| Ending Balance | $719,207 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Project Of The Quad Cities Moline, IL | $3,042,917 | $9,742,206 |
Access North Center For Independent Living Of Northeastern Minnesota Hibbing, MN | $4,421,937 | $7,763,537 |
Industrial Council Of Nearwest Chicago Chicago, IL | $18,846,941 | $7,031,368 |
Community Action Partnership Of Hennepin County St Louis Park, MN | $782,204 | $7,196,325 |
Headwaters Foundation For Justice Minneapolis, MN | $27,986,426 | $15,004,954 |
Species360 Minneapolis, MN | $9,065,398 | $6,225,506 |
Free & Accepted Masons Of Michigan Alma, MI | $47,943,242 | $7,888,880 |
Sinai Community Institute Inc Chicago, IL | $7,576,999 | $4,670,688 |
Catholic Social Services Of Washtenaw County Ann Arbor, MI | $4,777,711 | $6,106,159 |
Commercial Club Foundation Chicago, IL | $3,172,793 | $4,783,742 |
Restoration Ministries Inc Harvey, IL | $5,151,595 | $4,978,961 |
Zinzendorf Hall Inc Watertown, WI | $13,448,322 | $5,812,562 |