2015-08-31T08:20:05-05:00 2014-12-31 391628949 JOHNSON BLOCK & CO INC 406 SCIENCE DRIVE SUITE 100 MADISON WI 53711 990 2014-01-01 391603279 VIROQUA AREA FOUNDATION VIRO 6086373507 PO BOX 262 VIROQUA WI 54665 SANDRA MALLIET TREASURER 6086373507 2015-08-25 1 JAN FROELICH P00179711 6082742002 2014 2016-02-25 16:41:14Z SANDRA MALLIET E8966 N LYSTER LANE READSTOWN WI 54652 597362 0 X WWW.VIROQUAAREAFOUNDATION.ORG X 1988 WI TO ENCOURAGE AND PROMOTE WORTHWHILE CHARITABLE ENTERPRISE IN AND AROUND THE VIROQUA AREA. THE FOUNDATION PROVIDES A MECHANISM FOR PEOPLE OF GOODWILL INTERESTED IN THE VIROQUA AREA TO MAKE DONATIONS FOR THE IMPROVEMENT OF QUALITY OF LIFE WITHIN THE AREA FOR PRESENT AND FUTURE GENERATIONS. 11 11 0 0 0 0 364082 564640 0 0 22735 32722 0 0 386817 597362 17850 65948 0 0 0 0 0 0 0 1649 724836 19499 790784 367318 -193422 1032340 1577220 0 62808 1032340 1514412 X TO ENCOURAGE AND PROMOTE WORTHWHILE CHARITABLE ENTERPRISE IN AND AROUND THE VIROQUA AREA. THE FOUNDATION PROVIDES A MECHANISM FOR PEOPLE OF GOODWILL INTERESTED IN THE VIROQUA AREA TO MAKE DONATIONS FOR THE IMPROVEMENT OF QUALITY OF LIFE WITHIN THE AREA FOR PRESENT AND FUTURE GENERATIONS. 0 0 11650 11650 THE FOUNDATION DISTRIBUTES COMMUNITY SCHOLARSHIPS TO QUALIFYING STUDENTS AT LOCAL SCHOOLS BASED UPON GRADE POINT, NEED, AND RESIDENCY. 776575 54298 THE FOUNDATION OPERATES OTHER PROGRAMS FOR GRANTS TO THE VIROQUA COMMUNITY FOR PURPOSES OF COMMUNITY IMPROVEMENT AND BETTERMENT. IN 2014, THE FOUNDATION CONTINUED A $3.6 MILLION DOLLAR FUNDRAISING ENDEAVOR FOR THE BUILDING OF A NEW LIBRARY IN VIROQUA. THE NEW LIBRARY FALLS WITHIN THE SCOPE OF THE FOUNDATION TO ENCOURAGE AND PROMOTE WORTHWHILE CHARITABLE ENTERPRISE IN AND AROUND THE VIROQUA AREA. 788225 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 1 0 0 0 WI X SANDRA MALLIET 6086295447 E8966 N LYSTER LANE READSTOWN WI 54652 X THOR THORSON PRESIDENT 1.00 X X 0 0 0 ANGELA LAWRENCE SECRETARY 10.00 X X 0 0 0 SANDRA MALLIET TREASURER 3.00 X X 0 0 0 MARK BRUEGGEN MEMBER 1.00 X 0 0 0 MICHELLE FELTON MEMBER 1.00 X 0 0 0 GEORGE HOPKINS MEMBER 1.00 X 0 0 0 INGRID MAHAN MEMBER 1.00 X 0 0 0 SIGURD MOLLAND MEMBER 1.00 X 0 0 0 DR ROBERT STARR MEMBER 1.00 X 0 0 0 JAMES HOHLFELDER MEMBER 1.00 X 0 0 0 SUSAN NOBLE MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 564640 564640 32722 32722 597362 0 0 32722 54298 54298 11650 11650 193 193 VIROQUA LIBRARY 722177 722177 OTHER 2226 2226 DUES AND FEES 125 125 SCHOOL & COMMUNITY SPOR 100 100 15 15 790784 788225 2559 0 165655 238140 214191 17216 647015 652494 674849 1032340 1577220 62808 0 62808 X 161481 264157 870859 1250255 1032340 1514412 1032340 1577220 X -193422 5585 669909 0 X X 0 1 X 1 0 X 89556 235318 123217 364082 564640 1376813 89556 235318 123217 364082 564640 1376813 150135 45020 78700 227685 501540 0 150135 45020 78700 227685 501540 875273 38062 11251 16189 30469 41763 137734 38062 11251 16189 30469 41763 137734 127618 246569 139406 394551 606403 1514547 0.57790 0.64520 0.09090 0.12500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 53775 3071 3034 633 59247 42115 4249 7904 493 53775 32150 7121 4762 1500 418 42115 1.00000 0 0 0 X 611988 5585 9041 14626 597362 0 597362 799825 9041 9041 790784 0 790784 PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION ADOPTED THE RECENT ACCOUNTING GUIDANCE FOR RECOGNIZING AND MEASURING UNCERTAIN TAX POSITIONS. THE FOUNDATION FOLLOWS THE STATUTORY REQUIREMENTS FOR THEIR INCOME TAX ACCOUNTING AND GENERALLY AVOIDS RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. MANAGEMENT BELIEVES ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING ADDITIONAL INCOME TAXES FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE FOUNDATION'S TAX-EXEMPT STATUS WOULD HAVE A MATERIAL EFFECT ON THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION'S FEDERAL EXEMPT ORGANIZATION TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO SUCH EXAMINATIONS FOR YEARS BEFORE 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADMINISTRATIVE FEE NETTED TO EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: ADMINISTRATIVE FEE NETTED TO EXPENSES SCHEDULE D, LINE 2C & 2D ADMINISTRATIVE FEES NETTED TO EXPENSES 1 VERNON COUNTY AGRICULTURAL SOCIETY INC 210 FAIRGROUNDS RD VIROQUA WI 54665 390831716 36205 FMV OPERATIONS MCINTOSH MEMORIAL LIBRARY 118 E JEFFERSON ST VIROQUA WI 54665 396005636 6500 FMV OPERATIONS SCHOLARSHIPS ARE FOR COMMUNITY SERVICE, EDUCATION, AND/OR COMMUNITY IMPROVEMENTS 20 11650 FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY THE TREASURER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE ASKED IF THEY ARE FOLLOWING THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART XI, LINE 8 IN 2014, A PRIOR PERIOD ADJUSTMENT WAS MADE IN ORDER TO RECORD PLEDGES RECEIVABLE AS OF DECEMBER 31, 2013. VIROQUA AREA FOUNDATION RECEIVED THESE PLEDGES FOR THE CONSTRUCTION OF A NEW LIBRARY IN VIROQUA, WI.