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Community Foundation of Chippewa County Inc

For Good. Forever.

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

Community Foundation of Chippewa County Inc

EIN: 39-2024542


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

Communication

What we aim to solve

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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

Financials

Community Foundation of Chippewa County Inc
Fiscal year: Jul 01 - Jun 30

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

2.95

Average of 1.13 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

7.1

Average of 8.2 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

8%

Average of 7% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Community Foundation of Chippewa County Inc

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Community Foundation of Chippewa County Inc

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

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: cloud_download Download Data

Community Foundation of Chippewa County Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

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.

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Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation $66,599 $115,420 $258,020 -$40,225 $156,908
As % of expenses 11.7% 14.6% 37.8% -5.2% 27.3%
Unrestricted surplus (deficit) after depreciation $63,623 $112,658 $255,507 -$42,262 $155,636
As % of expenses 11.1% 14.2% 37.3% -5.4% 27.0%
Revenue composition info
Total revenue (unrestricted & restricted) $1,577,650 $2,203,607 $3,822,423 $3,665,046 $2,026,735
Total revenue, % change over prior year 6.7% 39.7% 73.5% -4.1% -44.7%
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 28.4% 22.2% 11.9% 17.4% 33.2%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 30.6% 37.1% 60.4% 80.8% 56.3%
Other revenue 41.0% 40.7% 27.7% 1.8% 10.5%
Expense composition info
Total expenses before depreciation $570,317 $791,819 $683,053 $774,744 $575,530
Total expenses, % change over prior year 24.6% 38.8% -13.7% 13.4% -25.7%
Personnel 17.9% 14.5% 15.9% 15.9% 27.9%
Professional fees 26.5% 18.4% 23.8% 19.4% 26.0%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 47.3% 62.0% 54.6% 58.2% 37.7%
All other expenses 8.3% 5.1% 5.6% 6.6% 8.4%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $573,293 $794,581 $685,566 $776,781 $576,802
One month of savings $47,526 $65,985 $56,921 $64,562 $47,961
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $620,819 $860,566 $742,487 $841,343 $624,763

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 9.2 5.7 8.1 5.0 7.1
Months of cash and investments 441.4 312.9 488.3 414.0 538.4
Months of estimated liquid unrestricted net assets 19.6 15.9 22.9 19.6 29.7
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $436,613 $378,838 $461,276 $321,445 $340,363
Investments $20,539,267 $20,267,119 $27,332,424 $26,406,485 $25,479,734
Receivables $0 $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $61,915 $61,915 $61,915 $60,715 $57,031
Accumulated depreciation (as a % of LBE) 85.9% 90.4% 94.5% 97.7% 99.9%
Liabilities (as a % of assets) 53.8% 52.1% 47.1% 44.0% 33.9%
Unrestricted net assets $941,003 $1,053,661 $1,309,168 $1,266,906 $1,422,542
Temporarily restricted net assets $1,258,279 N/A N/A N/A N/A
Permanently restricted net assets $7,511,390 N/A N/A N/A N/A
Total restricted net assets $8,769,669 $8,843,330 $13,406,466 $13,705,022 $15,654,371
Total net assets $9,710,672 $9,896,991 $14,715,634 $14,971,928 $17,076,913

Key data checks

Key data checks info 2019 2020 2021 2022 2023
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
Related
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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 08/21/2023
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

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
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data