First Weber Foundation INC

Madison, WI · Public foundation / grantmaker · Foundations & Grantmakers

✓ Tax-deductible
Revenue
$317K
-2% vs prior year
Spent
$246K
To programs
70%
Net assets
$81K
By yearFY2020–FY2024
Revenue
$317K
FY2024▼ -2%
Revenue by fiscal year
FY2020$311K
FY2021$300K
FY2022$178K
FY2023$323K
FY2024$317K
Expenses
$246K
FY2024▼ -36%
Expenses by fiscal year
FY2020$255K
FY2021$280K
FY2022$175K
FY2023$384K
FY2024$246K
Net assets
$81K
FY2024▲ +641%
Net assets by fiscal year
FY2020$75K
FY2021$95K
FY2022$91K
FY2023$11K
FY2024$81K

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CFirst Weber Foundation INC
EINHdr · item D20-3601589
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 2005
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CMadison, WI
NTEE classificationIRS BMFFoundations & Grantmakers (T99)
WebsiteHdr · item Jwww.firstweberfoundation.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.30
Program services70%$173K
Management & general30%$73K
Total functional expensesLn 25$246K

Financial health

Is it on solid ground?

Program efficiency
70%
of spending reaches programs▼ -12% vs prior filing year
Operating runway
5.8mo
months of highly liquid reserves at operating expense rate▲ +346% vs prior filing year
Surplus margin
+22%
revenue over expenses, this year▲ +217% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$120K
FY2024▲ +198%
Total assets by fiscal year
FY2020$146K
FY2021$131K
FY2022$122K
FY2023$40K
FY2024$120K
Total liabilities
$38K
FY2024▲ +31%
Total liabilities by fiscal year
FY2020$71K
FY2021$36K
FY2022$31K
FY2023$29K
FY2024$38K
Revenue less expensesPt I · Ln 19$70K
Total assetsPt X · Ln 16$120K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$120K
Total assetsLn 16$120K
Total liabilitiesLn 26$38K
Total net assetsLn 32$81K
Months of cash on handcomputed5.8

Statement of Revenue

Part VIII
Contributions & grants100%$316K
Investment income$228
Total revenueLn 12$317K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $120K · Operating expenses/yr $246K
5.8 months
Where the money goes
Program services
Program services $173K · Total expenses $246K
70%
Management & General
Management & general $73K · Total expenses $246K
30%
Fundraising
Fundraising $0 · Total expenses $246K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $62 · Solicited contributions (3-yr avg) $275K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $316K · Total revenue $317K
100%
Government reliance
Government grants — · Total revenue $317K
—
Earned-income share
Program service revenue $0 · Total revenue $317K
0%
Investment reliance
Investment income $228 · Total revenue $317K
+0.07%
Program self-sufficiency
Program service revenue $0 · Total expenses $246K
0%
Growth & trend
Revenue growth (YoY)
This year $317K · Prior year $323K
-2%
Revenue CAGR
FY2020 $311K · FY2024 $317K
+0.4%
Net-asset trend (YoY)
End of year $81K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $317K · Expenses $246K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $120K
—
Net-asset ratio
Net assets $81K · Total assets $120K
68%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $120K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tamara Maddente · Reported title President · Highest reported compensation $0 · Total expenses $246K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $60K · Total expenses $246K
24%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%——
Overhead ratio 30%——
Fundraising cost ratio 0%——
Revenue growth -2%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Chairman Emeritus
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See First Weber Foundation INC executive salaries →

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Governance & Policies

Part VI
  • 13Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Strengthens communities through charitable giving and volunteer leadership.

Provided by the organization

This section is blank until First Weber Foundation INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $173K of program spending, described in the organization's own filed words · FY2024.
01

To expand First Webers commitment to strengthen our communities through charitable contributions such as group giving, general giving and matching program and volunteer leadership.

$173Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$374
Grants paid · 43 grants · $364K · 2020–2022
Securefutures Foundation INCWI · FY2021$10,000
Sleep in Heavenly Peace INCID · FY2021$8,680
Middleton Outreach Ministry INCWI · FY2021$8,187
Necessities Bag WisconsinWI · FY2021$7,392
American Cancer Society INCGA · FY2021$6,730
St Paul's United Methodist ChurchFY2021$6,570
One City Schools INCWI · FY2021$6,480
See all 43 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $317K$246K-2% 990 PDF
FY2023 $323K$384K+81% 990 PDF
FY2022 $178K$175K-41% 990 PDF
FY2021 $300K$280K-4% 990 PDF
FY2020 $311K$255K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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