Lindengrove Foundation INC FY2021 filing

Brookfield, WIUnknown exempt organizationEIN 39-1969557Revenue $113K in FY2021

On file with the IRSlindengrove.org18650 W Corporate Drive · Brookfield, WI

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Provide resources necessary for Lindengrove, INC. To fulfill its mission of providing healthcare and senior residential services.

56¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $24K a year · 14% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $9K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$133K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$113K
-32% vs prior year
Spent
$173K
To programs
56%
Net assets
$894K
By yearFY2020–FY2024
Revenue
$113K
FY2021▼ -32%
Tap a bar for its year
Revenue by fiscal year
FY2020$166K
FY2021$113K
FY2022$107K
FY2023$475K
FY2024$13K
Expenses
$173K
FY2021▼ -43%
Tap a bar for its year
Expenses by fiscal year
FY2020$305K
FY2021$173K
FY2022$141K
FY2023$28K
FY2024$346K
Net assets
$894K
FY2021▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$844K
FY2021$894K
FY2022$719K
FY2023$746K
FY2024$440K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $97K Management & general 7% · $13K Fundraising 36% · $63K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director & Board Secretary
$0Pt VII · Sec A
Chairman & President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director (thru June)
$0Pt VII · Sec A
Chief Executive Officer
$0Pt VII · Sec A
SR. VP Finance & Bus. Integration
$0Pt VII · Sec A
See Lindengrove Foundation INC 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

Supplies healthcare and senior residential services.

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Provided by the organization

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1 program · $97K · in their own filed words · FY2020
01

Funds provided to lindengrove, inc. For the provision of goods and services to frail elderly residents residing in skilled nursing and assisted living facilities.

$97Kprogram 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 · FY2021
Total grants receivedfrom 2 funders$9K
Grants paid · 4 grants · $696K · 2019–2023
Lindengrove CommunitiesFY2023$299,251
Lindengrove INCWI · FY2021$96,000
Lindengrove INCWI · FY2020$97,464
Lindengrove INCWI · FY2019$203,272

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$113K
Ln 12
Gifts and grantsLn 1h$74K
Investment incomeLn 3$38K
Money outPt IX
$173K
Ln 25
Programscol B$97K
Managementcol C$13K
Fundraisingcol D$63K
Owns and owesPt X
$894K
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$1.0M
LiabilitiesLn 26$133K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$74K
Fundraising eventsLn 1c$6K
Investment incomeLn 3$38K
Gains on assetsLn 7$19K
Total revenueLn 12$113K
Assets in detailPt X, end of year
SavingsLn 2$16K
Cash and savings togetherLn 1–2$16K
InvestmentsLn 11–13$548K
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$462K
Total assetsLn 16$1.0M
LiabilitiesLn 26$133K
Net assetsLn 32$894K
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2K$16K
InvestmentsLn 11–13$497K$548K
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$871K$1.0M
LiabilitiesLn 26$27K$133K
Net assetsLn 32$844K$894K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$97K$97K
Other salaries and wagesLn 7$34K$3K$31K
Pension plan contributionsLn 8$659$66$593
Other employee benefitsLn 9$7K$714$6K
Payroll taxesLn 10$3K$324$3K
Investment management feesLn 11f$6K$6K
Other fees for servicesLn 11g$21K$2K$19K
Advertising and promotionLn 12$48$5$43
Office expensesLn 13$1K$107$961
Depreciation, depletion and amortizationLn 22$262$26$236
InsuranceLn 23$220$22$198
All other expensesLn 24e$2K$158$1K
Total functional expensesLn 25$173K$97K$13K$63K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $13K$346K−$333K$440K 990 PDF
FY2023 $475K$28K$447K$746K 990 PDF
FY2022 $107K$141K−$34K$719K 990 PDF
FY2021 Viewing $113K$173K−$60K$894K 990 PDF
FY2020 $166K$305K−$139K$844K 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 FY2021 990 (6 parts)
Part I · Summary $112,524 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $104,338$74,289
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $21,032$38,235
I-11 Other revenuePrior year $40,193$0
I-12 Total revenuePrior year $165,563$112,524
I-13 Grants and similar amounts paidPrior year $203,272$97,464
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $68,629$45,463
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $33,059$29,787
I-18 Total expensesPrior year $304,960$172,714
I-19 Revenue less expensesPrior year −$139,397−$60,190
Part VI · Governance 4 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $112,524 across 7 lines filed
VIII-1c Fundraising events$5,950
VIII-1f All other contributions, gifts and grants$68,339
VIII-1h Total contributions, gifts and grants$74,289
VIII-3 Investment incomeExcluded from tax $18,738$18,738
VIII-7 Net gain or loss on sales of assetsExcluded from tax $19,497$19,497
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $38,235$112,524
Part IX · Statement of functional expenses $172,714 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $97,464$97,464
IX-7 Other salaries and wagesManagement $3,442 · Fundraising $30,979$34,421
IX-8 Pension plan contributionsManagement $66 · Fundraising $593$659
IX-9 Other employee benefitsManagement $714 · Fundraising $6,423$7,137
IX-10 Payroll taxesManagement $324 · Fundraising $2,922$3,246
IX-11f Investment management feesManagement $5,653$5,653
IX-11g Other fees for servicesManagement $2,096 · Fundraising $18,864$20,960
IX-12 Advertising and promotionManagement $5 · Fundraising $43$48
IX-13 Office expensesManagement $107 · Fundraising $961$1,068
IX-22 Depreciation, depletion and amortizationManagement $26 · Fundraising $236$262
IX-23 InsuranceManagement $22 · Fundraising $198$220
IX-24e All other expensesManagement $158 · Fundraising $1,418$1,576
IX-25 Total functional expensesPrograms $97,464 · Management $12,613 · Fundraising $62,637$172,714
Part X · Balance sheet $1,027,329 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $2,159$15,868
X-10c Land, buildings and equipment, netStart of year $2,183$1,921
X-11 Publicly traded securitiesStart of year $490,427$531,150
X-12 Other securitiesStart of year $6,437$16,770
X-15 Other assetsStart of year $369,770$461,620
X-16 Total assetsStart of year $870,976$1,027,329
X-17 Accounts payable and accrued expensesStart of year $9,134$12,400
X-25 Other liabilitiesStart of year $17,889$120,838
X-26 Total liabilitiesStart of year $27,023$133,238
X-27 Net assets without donor restrictionsStart of year $436,936$393,224
X-28 Net assets with donor restrictionsStart of year $407,017$500,867
X-32 Total net assets or fund balancesStart of year $843,953$894,091
X-33 Total liabilities and net assetsStart of year $870,976$1,027,329
Part XI · Reconciliation of net assets $894,091 net assets at year end
XI-1 Total revenue$112,524
XI-2 Total expenses$172,714
XI-3 Revenue less expenses−$60,190
XI-4 Net assets at start of year$843,953
XI-5 Net unrealized gains (losses) on investments$18,478
XI-9 Other changes in net assets$91,850
XI-10 Net assets at end of year$894,091

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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