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Rusk County Community Foundation

Ladysmith, WIUnknown exempt organizationEIN 26-0394674Revenue $140K in FY2023

On file with the IRSruskfoundtion.orgPo Box 54 · Ladysmith, WI

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To provide professionally managed services by which individuals, families, and businesses can contribute through lifetime and estate gifts for the betterment of their Rusk County communities.

100¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average deficit $608K a year · 356% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $23
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$140K
+14% vs prior year
Spent
$2.2M
To programs
100%
Net assets
$0
By yearFY2021–FY2023
Revenue
$140K
FY2023▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2021$250K
FY2022$123K
FY2023$140K
Expenses
$2.2M
FY2023▲ ×30
Tap a bar for its year
Expenses by fiscal year
FY2021$67K
FY2022$74K
FY2023$2.2M
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.2M
FY2022$2.0M
FY2023$0

From the FY2023 Form 990 (year ending March 2023) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $2.2M Management & general 0% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Deb Klein
Vice Chair
$0Pt VII · Sec A
Kevin Smith
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Bill Dyson
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Rick Stekel
Director
$0Pt VII · Sec A
See Rusk County Community Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Facilitates community betterment through managed lifetime and estate gifts.

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Provided by the organization

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1 program · $2.2M · in their own filed words · FY2022
01

Give365rusk

Local philanthropic membership for modest non-endowed donors to vote (give input) on how certain grants are to be awarded. Total grants awarded totaled $7,550 allocated amongst 11 local non-profit organizations, schools and their projects.

$2.2Mprogram expense

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
Amazonsmile FoundationFY2023$23
Total grants receivedfrom 1 funder$23
Grants paid · 5 grants · $2.2M · 2020–2022
Eau Claire Community FoundationWI · FY2022$2,144,330
Community Foundation of Chippewa CountyFY2022$10,000
School District of LadysmithFY2021$19,641
Natures Edge Therapy Center IncorporatedWI · FY2021$5,700
School District of LadysmithFY2020$23,644

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$140K
Ln 12
Gifts and grantsLn 1h$139K
Other incomeLn 4–11$605
Investment incomeLn 3$530
Money outPt IX
$2.2M
Ln 25
Programscol B$2.2M
Managementcol C$5K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$139K
Noncash giftsLn 1g$12K
Investment incomeLn 3$530
Other incomeLn 4–11$605
Gains on assetsLn 7−$115
Total revenueLn 12$140K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$42K$0
InvestmentsLn 11–13$3.5M$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$3.5M$0
LiabilitiesLn 26$1.6M$0
Net assetsLn 32$2.0M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.2M$2.2M
Accounting feesLn 11c$25$25
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$612$612
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$55$55
All other expensesLn 24e$881$881
Total functional expensesLn 25$2.2M$2.2M$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $140K$2.2M−$2.1M$0 990 PDF
FY2022 $123K$74K$49K$2.0M 990 PDF
FY2021 $250K$67K$183K$2.2M 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
See the full FY2023 990 (6 parts)
Part I · Summary $139,973 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $123,647$138,838
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$1,036$530
I-11 Other revenuePrior year $0$605
I-12 Total revenuePrior year $122,611$139,973
I-13 Grants and similar amounts paidPrior year $67,618$2,190,846
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,043$4,659
I-18 Total expensesPrior year $73,661$2,195,505
I-19 Revenue less expensesPrior year $48,950−$2,055,532
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $139,973 across 6 lines filed
Lines not itemized here account for $605 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$138,838
VIII-1g Noncash contributions (included above)$11,521
VIII-1h Total contributions, gifts and grants$138,838
VIII-3 Investment incomeExcluded from tax $645$645
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$115−$115
VIII-12 Total revenueRelated to mission $605 · Unrelated business $0 · Excluded from tax $530$139,973
Part IX · Statement of functional expenses $2,195,505 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $2,190,846$2,190,846
IX-11c Accounting feesManagement $25$25
IX-12 Advertising and promotionManagement $1,782$1,782
IX-13 Office expensesManagement $612$612
IX-23 InsuranceManagement $1,304$1,304
IX-24 Other expenses (24a–d)Management $55$55
IX-24e All other expensesManagement $881$881
IX-25 Total functional expensesPrograms $2,190,846 · Management $4,659 · Fundraising $0$2,195,505
Part X · Balance sheet $0 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $16,708$0
X-2 Savings and temporary cash investmentsStart of year $25,636$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $28,254$0
X-12 Other securitiesStart of year $3,467,231$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $3,537,829$0
X-25 Other liabilitiesStart of year $1,583,671$0
X-26 Total liabilitiesStart of year $1,583,671$0
X-27 Net assets without donor restrictionsStart of year $70,598$0
X-28 Net assets with donor restrictionsStart of year $1,883,560$0
X-32 Total net assets or fund balancesStart of year $1,954,158$0
X-33 Total liabilities and net assetsStart of year $3,537,829$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$139,973
XI-2 Total expenses$2,195,505
XI-3 Revenue less expenses−$2,055,532
XI-4 Net assets at start of year$1,954,158
XI-9 Other changes in net assets$101,374
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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