WATERTOWN AREA COMMUNITY FOUNDATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
WATERTOWN AREA COMMUNITY FOUNDATION (EIN 39-1708484)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-04-14
IRS object ID
202211049349301416
Schema version
2020v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-04-14T15:39:47-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11 MAIN STREET SUITE 202AddressLine1Txt
CityRACINECityNm
State AbbreviationWIStateAbbreviationCd
ZIP53403ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN391708484EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WATERTOWN AREA COMMUNITY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWATEBusinessNameControlTxt
Phone9202850537PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 351AddressLine1Txt
CityWATERTOWNCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53094ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMIKE HOPPENRATHPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9202850537PhoneNum
Signature2022-04-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMIKEPersonFirstNm
Person LastHOPPENRATHPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEVEN C JOHNSONPreparerPersonNm
PTINP00030988PTIN
Phone2626379351PhoneNum
Preparation2022-04-11PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMIKE HOPPENRATHPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 351AddressLine1Txt
CityWATERTOWNCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53094ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$7,449,542GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.WATERTOWNCOMMUNITYFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation1991FormationYr
Legal Domicile StateWILegalDomicileStateCd
Activity Or MissionTO PROVIDE FOR THE BETTERMENT OF WATERTOWN, WISCONSIN AND THE SURROUNDING AREA AND PROMOTE THE ENHANCEMENT OF THE QUALITY OF LIFE FOR ITS PEOPLE.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$5,807,572PYContributionsGrantsAmt
CY Contributions Grants$2,497,359CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$157,417PYInvestmentIncomeAmt
CY Investment Income$1,021,791CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$5,964,989PYTotalRevenueAmt
CY Total Revenue$3,519,150CYTotalRevenueAmt
PY Grants And Similar Paid$2,842,832PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,385,380CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$50,955PYOtherExpensesAmt
CY Other Expenses$92,083CYOtherExpensesAmt
PY Total Expenses$2,893,787PYTotalExpensesAmt
CY Total Expenses$2,477,463CYTotalExpensesAmt
PY Revenues Less Expenses$3,071,202PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,041,687CYRevenuesLessExpensesAmt
Total Assets BOY$10,486,564TotalAssetsBOYAmt
Total Assets EOY$13,232,298TotalAssetsEOYAmt
Total Liabilities BOY$1,678,468TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,892,479TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$8,808,096NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$11,339,819NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE FOR THE BETTERMENT OF WATERTOWN, WISCONSIN AND THE SURROUNDING AREA AND PROMOTE THE ENHANCEMENT OF THE QUALITY OF LIFE FOR ITS PEOPLE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,385,380ExpenseAmt
Grant$2,385,380GrantAmt
DescSCHOLARSHIP FUNDING AND COMMUNITY PROJECTS FOR THE PURPOSE OF HIGHER EDUCATION AND COMMUNITY IMPROVEMENT. FUNDING IS AWARDED BASED ON MERIT AND NEED.Desc
Total Program Service Expenses$2,385,380TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MIKE HOPPENRATHBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9202850537PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 351AddressLine1Txt
CityWATERTOWNCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53094ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
SUSANNE BRADOW
DIRECTOR2.00Yes (X)$0$0$0
SANDRA BUDEWITZ
DIRECTOR2.00Yes (X)$0$0$0
AMY BUCHHOLTZ
DIRECTOR2.00Yes (X)$0$0$0
KEVIN CLIFFORD
DIRECTOR5.00Yes (X)$0$0$0Yes (X)
DEB FISCHER
DIRECTOR2.00Yes (X)$0$0$0
MIKE HOPPENRATH
TREASURER5.00Yes (X)$0$0$0Yes (X)
TOM LEVI
DIRECTOR2.00Yes (X)$0$0$0
BILL OSWALD
VICE PRESDIENT2.00Yes (X)$0$0$0
SUE RHODES
SECRETARY2.00Yes (X)$0$0$0
TOM SCHULTZ
PRESIDENT5.00Yes (X)$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$2,497,359AllOtherContributionsAmt
Total Contributions$2,497,359TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$248,113TotalRevenueColumnAmt
Exclusion$248,113ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$4,704,070SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$3,930,392SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$773,678SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$773,678TotalRevenueColumnAmt
Exclusion$773,678ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,519,150TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,021,791ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,909,130TotalAmt
Program Services$1,909,130ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$476,250TotalAmt
Program Services$476,250ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,030TotalAmt
Management And General$1,030ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$26,227TotalAmt
Management And General$26,227ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$62,679TotalAmt
Management And General$62,679ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$99TotalAmt
Management And General$99ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$590TotalAmt
Management And General$590ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,458TotalAmt
Management And General$1,458ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,477,463TotalAmt
Program Services$2,385,380ProgramServicesAmt
Management And General$92,083ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$215,834BOYAmt
EOY$223,023EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$10,270,730BOYAmt
EOY$13,009,275EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,486,564BOYAmt
EOY$13,232,298EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$1,018,846BOYAmt
EOY$1,054,500EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$659,622BOYAmt
EOY$837,979EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,678,468BOYAmt
EOY$1,892,479EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$526,490BOYAmt
EOY$639,249EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$8,281,606BOYAmt
EOY$10,700,570EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,808,096BOYAmt
EOY$11,339,819EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,486,564BOYAmt
EOY$13,232,298EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$1,041,687ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$1,478,198NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$11,838OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Community TrustYes (X)CommunityTrustInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$721,524CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$334,699CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$873,233CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,807,572CurrentTaxYearMinus1YearAmt
Current Tax Year$2,497,359CurrentTaxYearAmt
Total$10,234,387TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$721,524CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$334,699CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$873,233CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,807,572CurrentTaxYearMinus1YearAmt
Current Tax Year$2,497,359CurrentTaxYearAmt
Total$10,234,387TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$3,468,063SubstantialContributorsTotAmt
Public Support Total170$6,766,324PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$126,406CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$145,567CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$165,358CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$166,653CurrentTaxYearMinus1YearAmt
Current Tax Year$248,113CurrentTaxYearAmt
Total$852,097TotalAmt
FieldValueIRS element (for citing)
Total Support$11,086,484TotalSupportAmt
Public Support CY1700.61030PublicSupportCY170Pct
Public Support PY1700.60230PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
FUNDS HELD FOR THE BENEFIT OF OTHERS$795,954
DUE TO WATERTOWN PUBLIC LIBRARY$42,025
FieldValueIRS element (for citing)
Total Liability$837,979TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$3,041,377TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$1,478,198NetUnrealizedGainsInvstAmt
Revenue Not Reported$1,478,198RevenueNotReportedAmt
Revenue Subtotal$1,563,179RevenueSubtotalAmt
Investment Expenses Not Incld$62,679InvestmentExpensesNotIncldAmt
Other Revenues Not Included$1,893,292OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$1,955,971RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$3,519,150TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$509,654TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$509,654ExpensesSubtotalAmt
Investment Expenses Not Incld2$62,679InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$1,905,130OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$1,967,809ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,477,463TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART XI, LINE 4B - OTHER ADJUSTMENTS:GRANTS 1,893,292.
PART XII, LINE 4B - OTHER ADJUSTMENTS:GRANTS 1,905,130.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
CITY OF WATERTOWN
P O BOX 477WATERTOWNWI53094396005640GOV'T$1,905,130LIBRARY EXPANSION
GLACIAL HERITAGE DEVELOPMENT PARTNERSHIP
864 COLLINS RD STE 111JEFFERSONWI53549813362283501(C)(3)$5,000THRIVEED INVESTMENT PLEDGE
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPS FOR HIGHER EDUCATIONGrantTypeTxt
Recipient121RecipientCnt
Cash Grant$476,250CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationIN REGARDS TO THE SCHOLARSHIP PROGRAM THAT IS BEING ADMINISTERED BY THE FOUNDATION, THE BOARD DETERMINES THE NUMBER AND AMOUNT OF THE SCHOLARSHIPS BASED ON TERMS ESTABLISHED IN SCHOLARSHIP TRUSTS AND IN COMPLIANCE WITH DONOR INTENTIONS. THE BOARD HAS ALSO DEVELOPED WRITTEN GUIDELINES CONCERNING THE QUALIFICATIONS, CRITERIA AND USE OF EACH SCHOLARSHIP. THE SCHOOL DISTRICT PROVIDES CRITICAL INFORMATION ON ALL STUDENTS WHO APPLY FOR THE VARIOUS SCHOLARSHIPS. THE STUDENTS COMPLETE FORMS REGARDING THEIR GRADES, EXTRACURRICULAR ACTIVITIES, ACT RANK AND FINANCIAL NEED, AND OTHER POINTS. ALL OF THIS INFORMATION IS REVIEWED BY A COMMITTEE OF THE BOARD OF DIRECTORS WITH GENEROUS INPUT FROM THE SCHOOL DISTRICT STAFF AND THE SCHOLARSHIP PROGRAM LEADER. FROM THOSE DELIBERATIONS, THE STUDENTS ARE SELECTED, ALWAYS BASED ON THE CRITERIA OF EACH INDIVIDUAL SCHOLARSHIP PROGRAM. FINAL DETERMINATION AS TO THE AMOUNT AND THE RECIPIENT OF EACH (GENERALLY MULTI-YEAR) SCHOLARSHIP GRANT IS MADE BY THE BOARD. STUDENTS MUST PROVIDE SUPPORT FOR CONTINUED ELIGIBILITY FOR FUTURE YEAR PAYMENTS, SUCH AS THE STUDENT MUST FURNISH THEIR GRADES AND PROVIDE PROOF THEY WILL CONTINUE TO MEET ALL ELIGIBILITY REQUIREMENTS OF THE SCHOLARSHIP. ALL SCHOLARSHIP FUNDS ARE PAID DIRECTLY TO EDUCATIONAL INSTITUTIONS FOR THE BENEFIT OF THE SCHOLARSHIP RECIPIENTS."ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE TREASURER DOES A DETAILED REVIEW OF THE FORM 990 PRIOR TO FILING. OTHER BOARD MEMBERS ARE GIVEN THE OPPORTUNITY TO COMMENT ON THE FORM 990 AFTER FILING.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:DUE TO PUBLIC LIBRARY DISTRIBUTION 11,838.

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