Walker Area Community Foundation
- Assets
- $2.1m
- Revenue
- $251.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Walker, MN
- Founding
- 06/2003
- Data as of
- 12/2021
- EIN
- 47-0919421
Organization Overview
Walker Area Community Foundation is located in Walker, MN. The organization was established in 2003. 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. Walker Area Community 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, Walker Area Community Foundation generated $251.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $75.2k during the year ending 12/2021. 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
TO ENHANCE THE QUALITY OF LIFE IN THE GREATER WALKER AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ESTABLISH, GROW AND PRESERVE AN ENDOWMENT TO IMPROVE THE QUALITY OF COMMUNITY LIFE IN PARTNERSHIP WITH OTHER COMMUNITY STAKEHOLDERS, TO BE A CATALYST FOR ADDRESSING CHANGING NEEDS IN OUR DIVERSE COMMUNITY THROUGH ENVIRONMENT, HEALTH, SOCIAL SERVICES AND RELATED AREAS, AND TO BROADEN THE BASE OF COMMUNITY CHARITABLE GIVING BY SERVING AS A LEADER AND RESOURCE CENTER FOR DONORS WHO WISH TO RETURN SOMETHING TO THEIR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keane Johnson Treasurer | OfficerTrustee | 4 | $0 |
Mark Sylstad Chair | OfficerTrustee | 4 | $0 |
Gary Weigel Director | Trustee | 2 | $0 |
Dale Jones Director | Trustee | 2 | $0 |
Mike Kerrigan Director | Trustee | 2 | $0 |
Dan Meier Director | Trustee | 2 | $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 | $169,699 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,699 |
| Total Program Service Revenue | $0 |
| Investment income | $81,560 |
| 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 | $251,259 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,087 |
| Grants and other assistance to domestic individuals. | $32,500 |
| 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 | $0 |
| Office expenses | $200 |
| Information technology | $0 |
| 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 | $710 |
| All other expenses | $0 |
| Total functional expenses | $75,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $292,280 |
| 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 | $1,822,986 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,115,266 |
| 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 | $243,980 |
| Net assets with donor restrictions | $1,871,286 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,115,266 |
Grants Awarded
Over the last fiscal year, Walker Area Community Foundation has awarded $58,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
PARK RAPIDS HUMANE SOCIETY PURPOSE: GRANT | $20,000 |
WHAN SPECIAL OLYMPICS PURPOSE: GRANT | $10,000 |
Bemidji, MN PURPOSE: GRANT | $8,000 |
ACT ON ALZHEIMERS PURPOSE: GRANT | $5,000 |
NORTH STAR SPORTSMAN CLUB PURPOSE: GRANT | $5,000 |
Walker, MN PURPOSE: GRANT | $5,000 |
Endowment Analysis
| Beg. Balance | $1,607,506 |
| Earnings | $81,560 |
| Net Contributions | $169,699 |
| Grants | $73,587 |
| Ending Balance | $1,785,178 |
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 |
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 |
North Dakota Community Foundation Bismarck, ND | $128,952,115 | $14,760,573 |
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 |
Community Foundation Of North Central Wisconsin Inc Wausau, WI | $90,468,531 | $15,305,164 |
Rochester Area Foundation Rochester, MN | $45,116,721 | $11,703,419 |
Womens Foundation Of Minnesota Minneapolis, MN | $30,253,405 | $5,522,981 |
St Croix Valley Foundation Hudson, WI | $77,504,280 | $14,379,195 |
Lacrosse Community Foundation La Crosse, WI | $69,726,999 | $8,261,750 |