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Ascension Endowment Fund INC FY2020 filing

Tax-deductible

Milwaukee, WI501(c)(3)ReligionEIN 39-6067949Revenue $185K in FY2020

On file with the IRS1236 S Layton Blvd, 53215-1653 · Milwaukee, WITax-exempt since Dec 1976Supporting organization — 509(a)(3)

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Support of evangelical lutheran church of the Ascension

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $17K a year · 12% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$185K
Spent
$234K
To programs
95%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$185K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$185K
FY2021$7K
FY2022$136K
FY2023$271K
FY2024$110K
FY2025$126K
Expenses
$234K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$234K
FY2021$147K
FY2022$146K
FY2023$159K
FY2024$105K
FY2025$143K
Net assets
$2.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.8M
FY2022$2.9M
FY2023$2.5M
FY2024$2.6M
FY2025$2.8M

From the FY2020 Form 990 (year ending March 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1976.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $222K Management & general 5% · $12K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Kenneth Berg
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Art Maes
Director
$0Pt VII · Sec A
Jim Andree
Vice President
$0Pt VII · Sec A
Mark Thomsen
President
$0Pt VII · Sec A
Chuck Kudy
Director
$0Pt VII · Sec A
Cheryl Groth
Director
$0Pt VII · Sec A
See Ascension Endowment Fund 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

Supports the Evangelical Lutheran Church of the Ascension.

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Provided by the organization

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1 program · $222K · in their own filed words · FY2019
01

Support of ascension lutheran church milwaukee, wisconsin

$222Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $855K · 2019–2024
Evang Luth Ch of the AscensionFY2024$130,060
Evang Luth Ch of the AscensionFY2023$91,752
Evang Luth Ch of the AscensionFY2022$145,794
Evang Luth Ch of the AscensionFY2021$131,667
Evang Luth Ch of the AscensionFY2020$133,667
Evang Luth Ch of the AscensionFY2019$222,060

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$185K
Ln 12
Investment incomeLn 3$183K
Gifts and grantsLn 1h$2K
Money outPt IX
$234K
Ln 25
Programscol B$222K
Managementcol C$12K
Owns and owesPt X
$2.2M
net assets · Ln 32
Total assetsLn 16$2.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Investment incomeLn 3$183K
Gains on assetsLn 7$76K
Total revenueLn 12$185K
Assets in detailPt X, end of year
InvestmentsLn 11–13$2.2M
Total assetsLn 16$2.2M
LiabilitiesLn 26$0
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
InvestmentsLn 11–13$2.7M$2.2M
Total assetsLn 16$2.7M$2.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.7M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$222K$222K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$9K$9K
Other expenses (24a–d)Ln 24$72$72
Total functional expensesLn 25$234K$222K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $126K$143K−$17K$2.8M 990 PDF
FY2024 $110K$105K$5K$2.6M 990 PDF
FY2023 $271K$159K$112K$2.5M 990 PDF
FY2022 $136K$146K−$10K$2.9M 990 PDF
FY2021 $7K$147K−$140K$2.8M 990 PDF
FY2020 Viewing $185K$234K−$49K$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 FY2020 990 (6 parts)
Part I · Summary $184,654 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,475$2,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $189,164$182,654
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $199,639$184,654
I-13 Grants and similar amounts paidPrior year $245,060$222,060
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 $8,195$11,766
I-18 Total expensesPrior year $253,255$233,826
I-19 Revenue less expensesPrior year −$53,616−$49,172
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $184,654 across 5 lines filed
VIII-1f All other contributions, gifts and grants$2,000
VIII-1h Total contributions, gifts and grants$2,000
VIII-3 Investment incomeExcluded from tax $106,280$106,280
VIII-7 Net gain or loss on sales of assetsExcluded from tax $76,374$76,374
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $182,654$184,654
Part IX · Statement of functional expenses $233,826 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $222,060$222,060
IX-11c Accounting feesManagement $2,500$2,500
IX-11f Investment management feesManagement $9,194$9,194
IX-24 Other expenses (24a–d)Management $72$72
IX-25 Total functional expensesPrograms $222,060 · Management $11,766 · Fundraising $0$233,826
Part X · Balance sheet $2,196,207 assets, 7 lines filed
X-11 Publicly traded securitiesStart of year $2,660,386$2,196,207
X-16 Total assetsStart of year $2,660,386$2,196,207
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $866,003$399,824
X-28 Net assets with donor restrictionsStart of year $1,794,383$1,796,383
X-32 Total net assets or fund balancesStart of year $2,660,386$2,196,207
X-33 Total liabilities and net assetsStart of year $2,660,386$2,196,207
Part XI · Reconciliation of net assets $2,196,207 net assets at year end
XI-1 Total revenue$184,654
XI-2 Total expenses$233,826
XI-3 Revenue less expenses−$49,172
XI-4 Net assets at start of year$2,660,386
XI-5 Net unrealized gains (losses) on investments−$415,007
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,196,207

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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