Lindengrove Foundation INC FY2023 filing

Brookfield, WIUnknown exempt organization EIN 39-1969557Revenue $475K in FY2023

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.

62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2023 · 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
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
33 mo
of spending, in cash
Plus $674K in investments, Pt X · Ln 11–13
Looks good: 33.4 months of spending in cash; 3 or more.
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
$8K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$475K
+344% vs prior year
Spent
$28K
To programs
62%
Net assets
$746K
By yearFY2020–FY2024
Revenue
$475K
FY2023▲ +344%
Tap a bar for its year
Revenue by fiscal year
FY2020$166K
FY2021$113K
FY2022$107K
FY2023$475K
FY2024$13K
Expenses
$28K
FY2023▼ -80%
Tap a bar for its year
Expenses by fiscal year
FY2020$305K
FY2021$173K
FY2022$141K
FY2023$28K
FY2024$346K
Net assets
$746K
FY2023▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$844K
FY2021$894K
FY2022$719K
FY2023$746K
FY2024$440K

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

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You’re viewing the FY2023 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

62 cents of each dollar spent went to programs.

Program services 62% · $17K Management & general 38% · $11K

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

18 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Asst Secretary/Asst Treasu
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 · $17K · in their own filed words · FY2022
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.

$17Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$475K
Ln 12
Investment incomeLn 3$420K
Gifts and grantsLn 1h$78K
Money outPt IX
$28K
Ln 25
Programscol B$17K
Managementcol C$11K
Owns and owesPt X
$746K
net assets · Ln 32
Cash and savingsLn 1–2$78K
Total assetsLn 16$753K
LiabilitiesLn 26$8K
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$78K
Fundraising eventsLn 1c$68K
Investment incomeLn 3$420K
Gains on assetsLn 7$394K
Total revenueLn 12$475K
Assets in detailPt X, end of year
CashLn 1$78K
Cash and savings togetherLn 1–2$78K
InvestmentsLn 11–13$674K
Land, buildings, equipmentLn 10c$1K
Other assetsLn 15$0
Total assetsLn 16$753K
LiabilitiesLn 26$8K
Net assetsLn 32$746K
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 FY23End FY23
Cash and savingsLn 1–2$40K$78K
InvestmentsLn 11–13$499K$674K
Land, buildings, equipmentLn 10c$2K$1K
Total assetsLn 16$931K$753K
LiabilitiesLn 26$212K$8K
Net assetsLn 32$719K$746K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$17K$11K$6K
Information technologyLn 14$4K$4K
Depreciation, depletion and amortizationLn 22$107$107
Total functional expensesLn 25$28K$17K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $13K$346K−$333K$440K 990 PDF
FY2023 Viewing $475K$28K$447K$746K 990 PDF
FY2022 $107K$141K−$34K$719K 990 PDF
FY2021 $113K$173K−$60K$894K 990 PDF
FY2020 $166K$305K−$139K$844K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $474,792 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $94,429$78,052
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$420,338
I-11 Other revenuePrior year $20,233−$23,598
I-12 Total revenuePrior year $114,662$474,792
I-13 Grants and similar amounts paidPrior year $0$2,336
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $18,541$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $130,574$25,670
I-18 Total expensesPrior year $149,115$28,006
I-19 Revenue less expensesPrior year −$34,453$446,786
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $474,792 across 7 lines filed
VIII-1c Fundraising events$68,052
VIII-1f All other contributions, gifts and grants$10,000
VIII-1h Total contributions, gifts and grants$78,052
VIII-3 Investment incomeExcluded from tax $26,543$26,543
VIII-7 Net gain or loss on sales of assetsExcluded from tax $393,795$393,795
VIII-8 Net income from fundraising eventsExcluded from tax −$23,598−$23,598
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $396,740$474,792
Part IX · Statement of functional expenses $28,006 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $2,336$2,336
IX-11f Investment management feesManagement $4,748$4,748
IX-11g Other fees for servicesPrograms $11,335 · Management $5,758$17,093
IX-14 Information technologyPrograms $3,722$3,722
IX-22 Depreciation, depletion and amortizationManagement $107$107
IX-25 Total functional expensesPrograms $17,393 · Management $10,613 · Fundraising $0$28,006
Part X · Balance sheet $753,342 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $40,266$77,892
X-10c Land, buildings and equipment, netStart of year $1,660$1,374
X-11 Publicly traded securitiesStart of year $498,656$674,076
X-15 Other assetsStart of year $390,551$0
X-16 Total assetsStart of year $931,133$753,342
X-25 Other liabilitiesStart of year $212,052$7,803
X-26 Total liabilitiesStart of year $212,052$7,803
X-27 Net assets without donor restrictionsStart of year $289,283$360,508
X-28 Net assets with donor restrictionsStart of year $429,798$385,031
X-32 Total net assets or fund balancesStart of year $719,081$745,539
X-33 Total liabilities and net assetsStart of year $931,133$753,342
Part XI · Reconciliation of net assets $745,539 net assets at year end
XI-1 Total revenue$474,792
XI-2 Total expenses$28,006
XI-3 Revenue less expenses$446,786
XI-4 Net assets at start of year$719,081
XI-5 Net unrealized gains (losses) on investments−$22,396
XI-9 Other changes in net assets−$397,932
XI-10 Net assets at end of year$745,539

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

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