Community Foundation of Chippewa County Inc

For Good. Forever.

aka Community Foundation of Chippewa County | Chippewa Falls, WI | https://www.yourlegacyforever.org/

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GuideStar Charity Check

EIN: 39-2024542

Contributions tax deductible
as of May 2023

IRS BMF 509(a)(1)
as of May 08, 2023

View summary

Charity Check report

Mission

To enable donors to achieve their philanthropic goals, to meet changing community needs, and thereby benefiting the communities, people, and other nonprofit organizations of Chippewa County.

Ruling year info

2001

Executive Director

Jill Herriges

Main address

P.O. Box 153

Chippewa Falls, WI 54729 USA

Show more contact info

EIN

39-2024542

Subject area info

Foundations

Community improvement

Population served info

Children and youth

Adults

NTEE code info

Community Foundations (T31)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

Reports and documents

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Endowed and Planned Giving

The Community Foundation of Chippewa County provides a simple, effective and highly personal approach to giving. We offer a variety of tools to help you achieve your charitable goals. You can make a gift of cash, stock, bonds, real estate, or other assets to the Foundation. Most charitable gifts qualify for maximum tax advantage under Federal Law. For more information and ideas on ways to integrate your financial planning with charitable giving, ask you financial advisor or contact the Community Foundation of Chippewa County.

Population(s) Served

Adults

Where we work

Accreditations

Council on Foundations Accredited

Affiliations & memberships

Wisconsin Philanthropy Network Member 2020

External reviews

Financials

Community Foundation of Chippewa County Inc

Fiscal year: Jul 01 - Jun 30

Financial documents

Yes, financials were audited by an independent accountant.

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022

SOURCE: IRS Form 990

2.27

Average of 0.90 over 10 years

Months of cash in 2022

SOURCE: IRS Form 990

5

Average of 8.6 over 10 years

Fringe rate in 2022

SOURCE: IRS Form 990

7%

Average of 6% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

Source: IRS Form 990

Digitizing IRS form 990 data

Community Foundation of Chippewa County Inc

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

Fiscal year ending: Download Data

Revenue
Contributions	$530,091
Government Grants	$0
Program Services	$17,698
Investments	($62,028)
Special Events	$3,019
Sales	$0
Other	$0
Total Revenue	$488,780

Expenses
Program Services	$140,566
Administration	$0
Fundraising	$0
Total Expenses	$140,566
Net Gain/Loss	$348,214

Functional expenses
Accounting Fees	$6,174
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$652,265
Government Grants	$0
Program Services	$20,313
Investments	$75,536
Special Events	$4,286
Sales	$0
Other	$0
Total Revenue	$752,400

Expenses
Program Services	$125,967
Administration	$0
Fundraising	$0
Total Expenses	$125,967
Net Gain/Loss	$626,433

Functional expenses
Accounting Fees	$4,595
Advertising & Promotion	$2,611
Information Technology Expenses	$4,881
Insurance Expenses	$9,663
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$658,101
Government Grants	$0
Program Services	$34,643
Investments	$75,594
Special Events	$2,894
Sales	$0
Other	$0
Total Revenue	$771,232

Expenses
Program Services	$137,200
Administration	$15,563
Fundraising	$6,366
Total Expenses	$159,129
Net Gain/Loss	$612,103

Functional expenses
Accounting Fees	$8,831
Advertising & Promotion	$1,311
Information Technology Expenses	$5,884
Insurance Expenses	$10,356
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$2,106,508
Government Grants	$0
Program Services	$0
Investments	$62,686
Special Events	$3,110
Sales	$0
Other	$31,459
Total Revenue	$2,203,763

Expenses
Program Services	$213,435
Administration	$13,569
Fundraising	$9,459
Total Expenses	$236,463
Net Gain/Loss	$1,967,300

Functional expenses
Accounting Fees	$7,350
Advertising & Promotion	$465
Information Technology Expenses	$6,191
Insurance Expenses	$10,186
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$419,869
Government Grants	$0
Program Services	$0
Investments	$297,377
Special Events	$5,244
Sales	$0
Other	$41,163
Total Revenue	$763,653

Expenses
Program Services	$248,946
Administration	$27,383
Fundraising	$11,497
Total Expenses	$287,826
Net Gain/Loss	$475,827

Functional expenses
Accounting Fees	$25,949
Advertising & Promotion	$349
Information Technology Expenses	$8,365
Insurance Expenses	$2,294
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$398,647
Government Grants	$0
Program Services	$0
Investments	$464,346
Special Events	$5,459
Sales	$0
Other	$56,095
Total Revenue	$924,547

Expenses
Program Services	$271,554
Administration	$40,131
Fundraising	$12,987
Total Expenses	$324,672
Net Gain/Loss	$599,875

Functional expenses
Accounting Fees	$40,861
Advertising & Promotion	$509
Information Technology Expenses	$9,401
Insurance Expenses	$2,409
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$250,098
Government Grants	$0
Program Services	$0
Investments	$477,520
Special Events	$3,262
Sales	$0
Other	$64,421
Total Revenue	$795,301

Expenses
Program Services	$309,583
Administration	$35,611
Fundraising	$17,806
Total Expenses	$363,000
Net Gain/Loss	$432,301

Functional expenses
Accounting Fees	$28,253
Advertising & Promotion	$715
Information Technology Expenses	$8,987
Insurance Expenses	$2,536
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$902,649
Government Grants	$0
Program Services	$0
Investments	$446,584
Special Events	$2,263
Sales	$0
Other	$68,226
Total Revenue	$1,419,722

Expenses
Program Services	$332,864
Administration	$38,443
Fundraising	$19,222
Total Expenses	$390,529
Net Gain/Loss	$1,029,193

Functional expenses
Accounting Fees	$36,545
Advertising & Promotion	$1,180
Information Technology Expenses	$9,433
Insurance Expenses	$2,749
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$275,640
Government Grants	$0
Program Services	$0
Investments	$714,996
Special Events	$7,787
Sales	$0
Other	$86,808
Total Revenue	$1,085,231

Expenses
Program Services	$344,625
Administration	$37,983
Fundraising	$18,994
Total Expenses	$401,602
Net Gain/Loss	$683,629

Functional expenses
Accounting Fees	$32,327
Advertising & Promotion	$2,575
Information Technology Expenses	$9,827
Insurance Expenses	$2,657
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$454,224
Government Grants	$0
Program Services	$0
Investments	$912,374
Special Events	$5,078
Sales	$0
Other	$106,975
Total Revenue	$1,478,651

Expenses
Program Services	$391,096
Administration	$45,708
Fundraising	$22,854
Total Expenses	$459,658
Net Gain/Loss	$1,018,993

Functional expenses
Accounting Fees	$51,300
Advertising & Promotion	$3,746
Information Technology Expenses	$9,964
Insurance Expenses	$2,676
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$482,131
Government Grants	$0
Program Services	$0
Investments	$977,832
Special Events	$1,040
Sales	$0
Other	$116,647
Total Revenue	$1,577,650

Expenses
Program Services	$503,768
Administration	$46,349
Fundraising	$23,176
Total Expenses	$573,293
Net Gain/Loss	$1,004,357

Functional expenses
Accounting Fees	$37,801
Advertising & Promotion	$506
Information Technology Expenses	$10,981
Insurance Expenses	$2,794
Interest Expenses	$0
Investment Management Fees	$71,728
Legal Fees	$4,544
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$810,179
Government Grants	$0
Program Services	$0
Investments	$1,277,439
Special Events	$6,775
Sales	$0
Other	$109,214
Total Revenue	$2,203,607

Expenses
Program Services	$727,405
Administration	$44,783
Fundraising	$22,393
Total Expenses	$794,581
Net Gain/Loss	$1,409,026

Functional expenses
Accounting Fees	$46,911
Advertising & Promotion	$606
Information Technology Expenses	$11,220
Insurance Expenses	$2,631
Interest Expenses	$0
Investment Management Fees	$79,612
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$2,308,468
Government Grants	$0
Program Services	$0
Investments	$1,383,471
Special Events	$0
Sales	$0
Other	$130,484
Total Revenue	$3,822,423

Expenses
Program Services	$619,789
Administration	$43,851
Fundraising	$21,926
Total Expenses	$685,566
Net Gain/Loss	$3,136,857

Functional expenses
Accounting Fees	$49,837
Advertising & Promotion	$2,243
Information Technology Expenses	$13,257
Insurance Expenses	$2,986
Interest Expenses	$0
Investment Management Fees	$93,177
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$2,952,155
Government Grants	$0
Program Services	$0
Investments	$576,784
Special Events	$7,840
Sales	$0
Other	$128,267
Total Revenue	$3,665,046

Expenses
Program Services	$704,346
Administration	$48,289
Fundraising	$24,146
Total Expenses	$776,781
Net Gain/Loss	$2,888,265

Functional expenses
Accounting Fees	$33,648
Advertising & Promotion	$2,464
Information Technology Expenses	$13,330
Insurance Expenses	$5,789
Interest Expenses	$0
Investment Management Fees	$100,643
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Community Foundation of Chippewa County Inc

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jul 01, 2008	Jun 30, 2009	Change
Contributions	$530,091
Cash & Equivalents	$487,850	$139,802	($348,048)
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$193,497	$193,497
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$2,696,656	$2,800,024	$103,368
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$14,660	$9,386	($5,274)
Other	$13,256	$6,252	($7,004)
Total Assets	$3,212,422	$3,148,961	($63,461)

Liabilities	Jul 01, 2008	Jun 30, 2009	Change
Accounts Payable	$3,491	$2,407	($1,084)
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$1,847,097	$1,584,424	($262,673)
Total Liabilities	$1,850,588	$1,586,831	($263,757)

Fund balance	Jul 01, 2008	Jun 30, 2009	Change
Temporarily Restricted Net Assets	$4,573	$0	-$4,573
Permanently Restricted Net Assets	$1,141,662	$1,401,398	$259,736
Total Restricted Net Assets	$1,146,235	$1,401,398	$255,163
Unrestricted Net Assets	$215,599	$160,732	($54,867)
Net Assets	$1,361,834	$1,562,130	$200,296

Assets	Jul 01, 2009	Jun 30, 2010	Change
Contributions	$652,265
Cash & Equivalents	$139,802	$117,561	($22,241)
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$193,497	$334,724	$141,227
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$2,800,024	$3,958,129	$1,158,105
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$9,386	$10,319	$933
Other	$6,252	$1,705	($4,547)
Total Assets	$3,148,961	$4,422,438	$1,273,477

Liabilities	Jul 01, 2009	Jun 30, 2010	Change
Accounts Payable	$2,407	$2,163	($244)
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$1,584,424	$2,137,723	$553,299
Total Liabilities	$1,586,831	$2,139,886	$553,055

Fund balance	Jul 01, 2009	Jun 30, 2010	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$1,401,398	$1,711,411	$310,013
Total Restricted Net Assets	$1,401,398	$1,711,411	$310,013
Unrestricted Net Assets	$160,732	$571,141	$410,409
Net Assets	$1,562,130	$2,282,552	$720,422

Assets	Jul 01, 2010	Jun 30, 2011	Change
Contributions	$658,101
Cash & Equivalents	$117,561	$82,270	($35,291)
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$334,724	$260,291	($74,433)
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$3,958,129	$5,531,642	$1,573,513
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$10,319	$13,182	$2,863
Other	$1,705	$10,817	$9,112
Total Assets	$4,422,438	$5,898,202	$1,475,764

Liabilities	Jul 01, 2010	Jun 30, 2011	Change
Accounts Payable	$2,163	$4,072	$1,909
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$2,135,998	$2,640,553	$504,555
Total Liabilities	$2,138,161	$2,644,625	$506,464

Community Foundation of Chippewa County Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

This snapshot of Community Foundation of Chippewa County Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jul 01 - Jun 30 View full report Download data

Business model indicators

Profitability	2018	2019	2020	2021	2022
Unrestricted surplus (deficit) before depreciation	$96,674	$66,599	$115,420	$258,020	-$40,225
As % of expenses	21.1%	11.7%	14.6%	37.8%	-5.2%
Unrestricted surplus (deficit) after depreciation	$94,755	$63,623	$112,658	$255,507	-$42,262
As % of expenses	20.6%	11.1%	14.2%	37.3%	-5.4%

Revenue composition
Total revenue (unrestricted & restricted)	$1,478,651	$1,577,650	$2,203,607	$3,822,423	$3,665,046
Total revenue, % change over prior year	36.3%	6.7%	39.7%	73.5%	-4.1%
Program services revenue	0.0%	0.0%	0.0%	0.0%	0.0%
Membership dues	0.0%	0.0%	0.0%	0.0%	0.0%
Investment income	14.4%	28.4%	22.2%	11.9%	17.4%
Government grants	0.0%	0.0%	0.0%	0.0%	0.0%
All other grants and contributions	31.1%	30.6%	37.1%	60.4%	80.8%
Other revenue	54.5%	41.0%	40.7%	27.7%	1.8%

Expense composition
Total expenses before depreciation	$457,739	$570,317	$791,819	$683,053	$774,744
Total expenses, % change over prior year	14.4%	24.6%	38.8%	-13.7%	13.4%
Personnel	23.8%	17.9%	14.5%	15.9%	15.9%
Professional fees	11.2%	26.5%	18.4%	23.8%	19.4%
Occupancy	0.0%	0.0%	0.0%	0.0%	0.0%
Interest	0.0%	0.0%	0.0%	0.0%	0.0%
Pass-through	50.5%	47.3%	62.0%	54.6%	58.2%
All other expenses	14.5%	8.3%	5.1%	5.6%	6.6%

Full cost components (estimated)	2018	2019	2020	2021	2022
Total expenses (after depreciation)	$459,658	$573,293	$794,581	$685,566	$776,781
One month of savings	$38,145	$47,526	$65,985	$56,921	$64,562
Debt principal payment	$0	$0	$0	$0	$0
Fixed asset additions	$4,889	$0	$0	$0	$0
Total full costs (estimated)	$502,692	$620,819	$860,566	$742,487	$841,343

Capital structure indicators

Liquidity	2018	2019	2020	2021	2022
Months of cash	7.1	9.2	5.7	8.1	5.0
Months of cash and investments	514.3	441.4	312.9	488.3	414.0
Months of estimated liquid unrestricted net assets	22.7	19.6	15.9	22.9	19.6

Balance sheet composition	2018	2019	2020	2021	2022
Cash	$272,029	$436,613	$378,838	$461,276	$321,445
Investments	$19,346,800	$20,539,267	$20,267,119	$27,332,424	$26,406,485
Receivables	$5,241	$0	$0	$0	$0
Gross land, buildings, equipment (LBE)	$63,713	$61,915	$61,915	$61,915	$60,715
Accumulated depreciation (as a % of LBE)	84.2%	85.9%	90.4%	94.5%	97.7%
Liabilities (as a % of assets)	53.6%	53.8%	52.1%	47.1%	44.0%
Unrestricted net assets	$877,380	$941,003	$1,053,661	$1,309,168	$1,266,906
Temporarily restricted net assets	$1,230,459	$1,258,279	N/A	N/A	N/A
Permanently restricted net assets	$7,026,431	$7,511,390	N/A	N/A	N/A
Total restricted net assets	$8,256,890	$8,769,669	$8,843,330	$13,406,466	$13,705,022
Total net assets	$9,134,270	$9,710,672	$9,896,991	$14,715,634	$14,971,928

Key data checks

Key data checks	2018	2019	2020	2021	2022
Material data errors	No	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination is not available for this organization

Form 1023/1024 is not available for this organization

Executive Director

Jill Herriges

Number of employees

Source: IRS Form 990

Community Foundation of Chippewa County Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Community Foundation of Chippewa County Inc

Board of directors
as of 03/27/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board co-chair

Mrs. Barbara Stevens

Marshfield Clinic Healthcare

Term: 2021 - 2023

Board co-chair

Mrs. Mary Randall

Retired

Term: 2023 - 2024

David Adler

Adler CPA's and Advisors

David DeJongh

City of Cornell

Kathryn Facklam

Independent HR Consultant

Charles Frenette

Retired

Lori Geissler

Mason Companies

Teresa Germain

Wiley Law

Susan Kern

Retired

Erik Larson

PMI

Mary Randall

St. Paul's School

Barb Stevens

Marshfield Clinic Health System

Craig Toycen

Toycen Ford

Anthony Willkom

Royal Credit Union

Organizational demographics

SOURCE: Self-reported; last updated 1/19/2022

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

White/Caucasian/European

Gender identity

Female, Not transgender (cisgender)

Sexual orientation

Heterosexual or straight

Disability status

Person without a disability

Race & ethnicity

No data

Gender identity

Sexual orientation

No data

Disability

No data

Community Foundation of Chippewa County Inc

For Good. Forever.

Mission

Is this your nonprofit?

Programs and results

Reports and documents

What we aim to solve

This profile needs more info.

Our programs

Endowed and Planned Giving

Where we work

Accreditations

Affiliations & memberships

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2022 info

2.27

Months of cash in 2022 info

5

Fringe rate in 2022 info

7%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

Community Foundation of Chippewa County Inc

Community Foundation of Chippewa County Inc

Community Foundation of Chippewa County Inc

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

Executive Director

Jill Herriges

Number of employees

Community Foundation of Chippewa County Inc

Compensation data

Community Foundation of Chippewa County Inc

Board of directors data

Mrs. Barbara Stevens

Mrs. Mary Randall

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Sexual orientation

Disability

Liquidity in 2022

Months of cash in 2022

Fringe rate in 2022

Funding sources

Assets & liabilities