2012-04-06T15:07:53-05:00 2011-06-30 WIPFLI LLP 3703 OAKWOOD HILLS PARKWAY EAU CLAIRE WI 54701 990 2010-07-01 392024542 COMMUNITY FOUNDATION OF CHIPPEWA COUNTY INC COMM 7157238125 PO BOX 153 CHIPPEWA FALLS WI 54729 JAMIE LEIBRANDT 7157238125 2012-03-09 1 JENNIFER LINDSTROM 7158323407 2012-03-09 2010 2016-02-24 21:20:13Z JAMIE LEIBRANDT PO BOX 153 CHIPPEWA FALLS WI 54729 1137194 0 X WWW.YOURLEGACYFOREVER.ORG X 2001 WI ENCOURAGE AND ASSIST INDIVIDUALS AND BUSINESSES TO ACHIEVE THEIR PHILANTHROPIC GOALS BY ACCEPTING AND RECEIVING CONTRIBUTIONS; MANAGING AND GROWING FOUNDATION ASSETS; AND DISTRIBUTING AND GRANTING FUNDS IN ACCORDANCE WITH THE GIFT OR DETERMINATIONS MADE BY THE BOARD OF DIRECTORS. 12 12 5 22 34643 0 652265 658101 20313 34643 75536 75594 4286 2894 752400 771232 8357 14627 0 0 67556 85279 0 0 6366 50054 59223 125967 159129 626433 612103 4422438 5898202 2138161 2644625 2284277 3253577 X ENCOURAGE AND ASSIST INDIVIDUALS AND BUSINESSES TO ACHIEVE THEIR PHILANTRHOPIC GOALS BY ACCEPTING AND RECEIVING CONTRIBUTIONS; MANAGING AND GROWING FOUNDATION ASSETS; AND DISTRIBUTING AND GRANTING FUNDS IN ACCORDANCE WITH THE GIFT OR DETERMINATIONS MADE BY THE BOARD OF DIRECTORS. 0 0 137200 14627 34643 DURING FISCAL YEAR 2011, 17 NEW FUNDS WERE CREATED BRINGING THE TOTAL NUMBER OF ACTIVE FUNDS TO 139. 137200 1 1 0 0 0 1 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 5 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X MELINDA HAUN 7157238125 404 1/2 N BRIDGE STREET CHIPPEWA FALLS WI 54729 KEN CUSTER 1.00 X 0 0 0 HEATHER HUNT 1.00 X 0 0 0 BOB HOGSETH 1.00 X X 0 0 0 STEVE PREGENT 1.00 X X 0 0 0 DAVID RAIHLE JR 1.00 X X 0 0 0 PEG LEINENKUGEL 1.00 X 0 0 0 ROZ GATES 1.00 X 0 0 0 JAMIE LEIBRANDT 1.00 X X 0 0 0 DARRIN SENN 1.00 X 0 0 0 DALE ZWIEFELHOFER 1.00 X 0 0 0 RICK SCHAFER 1.00 X 0 0 0 TIM SCOBIE 1.00 X 0 0 0 MELINDA HAUN AS OF 50211 40.00 X 0 0 0 BONNIE LYNNE ROBINSON JUL - NOV 40.00 X 43077 0 0 0 0 0 0 0 0 0 0 8035 650066 658101 ADMINISTRATION FEE 900099 34643 34643 34643 39744 39744 399921 364071 35850 35850 35850 4785 8035 1891 2894 2894 771232 0 34643 78488 14627 14627 27692 24923 1965 804 57587 51828 4087 1672 8831 6268 2563 1311 1311 18976 17078 1347 551 5884 5884 1627 1627 3476 3476 10356 7684 1896 776 TRAINING 4470 4470 MEMBERSHIP FEES AND DUE 2266 2266 ANNUAL MEETING 2026 2026 159129 137200 15563 6366 42496 37856 75065 44414 334724 260291 55053 41871 10319 13182 1751626 1064429 2206503 4467213 1705 10817 4422438 5898202 2163 4072 2135998 2640553 2138161 2644625 X 236417 431977 334724 498101 1713136 2323499 2284277 3253577 4422438 5898202 X 612103 357197 X X 0 1 1 X 0 X 201995 291668 336594 511039 650066 1991362 201995 291668 336594 511039 650066 1991362 685703 1305659 59226 74004 -62028 75536 39744 186482 12593 12593 2190437 0.59610 0.64910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19 114787 862599 1 1 55053 41871 13182 13182 AMCAP FUND CL F2 531575 F DODGE & COX STOCK FUND 560142 F TURNER LARGE GROWTH FD 407554 F VANGUARD WINDSOR II FUND 556292 F VIRTUS EMERGING MARKETS 726669 F METROPOLITAN WEST FDS 387315 F VANGUARD SHORT TERM INVESTMENT GRADE 1297666 F 4467213 DESIGNATION FOR SPECIFIC BENEFICIARIES 2640553 2640553 771232 159129 612103 357197 357197 969300 1128429 357197 357197 771232 0 771232 159129 0 159129 0 159129 THE FOUNDATION IS A NONPROFIT CORPORATION CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS TAX-EXEMPT UNDER SECTION 501(C)(3) AND AS A NONPRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE OF 1986. IT IS ALSO EXEMPT FROM STATE INCOME TAXES PURSUANT TO SIMILAR STATE OF WISCONSIN TAX LAWS.IN ORDER TO ACCOUNT FOR ANY UNCERTAIN TAX POSITIONS, THE FOUNDATION IS REQUIRED TO ASSESS WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION OF THE TECHNICAL MERITS OF THE POSITION, ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD, THE BENEFIT OF THE TAX POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE FOUNDATION HAS NOT RECORDED ANY ASSETS OR LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS. THE FEDERAL RETURNS FOR THE YEARS ENDED JUNE 30, 2010, 2009, AND 2008 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. 1 X PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: RECORDS ARE MAINTAINED TO SUBSTANTIATE THE AMOUNT OF GRANTS, THE GRANTEES' ELIGIBILITY FOR THE GRANTS, AND THE SELECTION CRITERIA USED TO AWARD THE GRANTS. THE GOVERNING BOARD OF THE ORGANIZATION HAS A SEPERATE GRANTS COMMITTEE THAT APPROVES ALL GRANTS. APPLICATIONS FOR GRANTS ARE RECEIVED BY THE GRANTS COMMITTEE AND REVIEWED FOR ELIGIBILITY. IF THE PERSON OR ORGANIZATION MEETS ALL ELIGIBILITY REQUIREMENTS, THE GRANT WILL BE AWARDED. ALL APPROVALS FOR GRANTS ARE DOCUMENTED IN THE OFFICIAL BOARD MINUTES OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF FORM 990 IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE COMMUNITY FOUNDATION OF CHIPPEWA COUNTY CONSISTENTLY FOLLOWS A POLICY OF AVOIDING ANY CONFLICT OF INTEREST OR THE APPEARANCE OF ANY CONFLICT OF INTEREST ON THE PART OF ITS MEMBERS AND STAFF. ON A YEARLY BASIS, THE EXECUTIVE DIRECTOR OF THE COMMUNITY FOUNDATION DISTRIBUTES A CONFLICT OF INTEREST QUESTIONNAIRE TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND ALL STAFF PERSONNEL. MEMBERS AND PERSONNEL ARE REQUIRED TO DISCLOSE ALL INTERESTS OF HIS/HERSELF AND HIS/HER SPOUSE IN ORGANIZATIONS IN WHICH THE COMMUNITY FOUNDATION MAY BE AFFILIATED. THESE QUESTIONNAIRES ARE THEN REVIEWED BY THE EXECUTIVE DIRECTOR FOR ANY POTENTIAL CONFLICTS OF INTEREST THAT MAY ARISE BETWEEN MEMBERS OR PERSONNEL AND POTENTIAL GRANT RECIPIENTS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND OTHER STAFF PERSONNEL ARE DETERMINED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS COMPARES SALARIES OF THE POSITIONS WITHIN THE COMMUNITY FOUNDATION TO SIMILIAR SALARIES WITHIN SIMILAR ORGANIZATIONS. PERIODIC PERFORMANCE REVIEWS ARE ALSO PERFORMED BY THE BOARD OF DIRECTORS AND AID IN DETERMINING SALARY INCREASES. FORM 990, PART VI, SECTION C, LINE 19 THE PUBLIC MAY VIEW GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS AT THE MAIN OFFICE DURING NORMAL BUSINESS HOURS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 357,197. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN THE AUDIT OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. THIS RETURN IS BEING FILED BETWEEN MARCH 1, 2012 AND MARCH 30, 2012 AS DIRECTED BY THE IRS IN NOTICE 2012-4, BECAUSE ELECTRONIC FILING WAS NOT AVAILABLE JANUARY 1, 2012 THROUGH FEBRUARY 29, 2012. WE REQUEST THAT PENALTIES BE WAIVED BECAUSE IT WOULD BE INEQUITABLE TO IMPOSE A PENALTY ON US DUE TO THE UNUSUAL CIRCUMSTANCES REQUIRING US TO DELAY THE FILING OF THIS RETURN.