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Greenco Industries Foundation INC

Tax-deductible

Monroe, WI501(c)(3)Since 1984EIN 39-6399233Revenue $835K in FY2025

On file with the IRS1601 4th Ave W, 53566-2389 · Monroe, WITax-exempt since May 1985Supporting organization — 509(a)(3)

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Solicit and obtain financial support and to administer funds received by IT for the benefit of nonprofit organizations existing to serve the needs of the physically and mentally disadvantaged.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
6 of 6
filings with a surplus
Average surplus $310K a year · 72% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 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
$835K
+63% vs prior year
Spent
$233K
To programs
75%
Net assets
$12.0M
By yearFY2020–FY2025
Revenue
$835K
FY2025▲ +63%
Tap a bar for its year
Revenue by fiscal year
FY2020$229K
FY2021$343K
FY2022$126K
FY2023$555K
FY2024$512K
FY2025$835K
Expenses
$233K
FY2025▲ +248%
Tap a bar for its year
Expenses by fiscal year
FY2020$76K
FY2021$95K
FY2022$73K
FY2023$197K
FY2024$67K
FY2025$233K
Net assets
$12.0M
FY2025▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.4M
FY2021$10.2M
FY2022$9.1M
FY2023$9.8M
FY2024$10.7M
FY2025$12.0M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1985.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $174K Management & general 25% · $58K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Art Carter
President
$0Pt VII · Sec A
John Kundert
Vice President
$0Pt VII · Sec A
Scott Denure
Secretary
$0Pt VII · Sec A
Joe Palombi
Treasurer
$0Pt VII · Sec A
Rob Hodgson
Director
$0Pt VII · Sec A
Randy Klein
CEO of Greenco Industries,
$0Pt VII · Sec A
See Greenco Industries 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

Raises and manages funds to support nonprofits serving the disadvantaged.

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Provided by the organization

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2 programs · $174K · in their own filed words · FY2025
01

Financial support to organization's that provide services to the physically and mentally disadvantaged

$171Kprogram expense
02

Scholarships to individuals entering a field relating to serving the needs of the physically and mentally disadvantaged

$3Kprogram 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 · FY2025
Daniel and Julie Hartung Charitable Foundation INCFY2025$5K
Total grants receivedfrom 1 funder$5K
Grants paid · 6 grants · $338K · 2020–2025
Greenco Industries INCWI · FY2025$171,388
Unitemized GrantFY2024$6,000
Green County Family YMCA INCWI · FY2023$100,000
Greenco Industries INCWI · FY2023$25,454
Individual RecipientFY2021$25,000
Greenco Industries INCWI · FY2020$9,770

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$835K
Ln 12
Investment incomeLn 3$824K
Gifts and grantsLn 1h$11K
Money outPt IX
$233K
Ln 25
Programscol B$174K
Managementcol C$58K
Owns and owesPt X
$12.0M
net assets · Ln 32
Cash and savingsLn 1–2$212K
Total assetsLn 16$12.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11K
Investment incomeLn 3$824K
Gains on assetsLn 7$484K
Total revenueLn 12$835K
Assets in detailPt X, end of year
SavingsLn 2$212K
Cash and savings togetherLn 1–2$212K
InvestmentsLn 11–13$11.8M
Total assetsLn 16$12.0M
LiabilitiesLn 26$0
Net assetsLn 32$12.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$208K$212K
InvestmentsLn 11–13$10.5M$11.8M
Total assetsLn 16$10.7M$12.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$10.7M$12.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$171K$171K
Grants to domestic individualsLn 2$3K$3K
Accounting feesLn 11c$8K$8K
Investment management feesLn 11f$50K$50K
Total functional expensesLn 25$233K$174K$58K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $835K$233K$603K$12.0M 990 PDF
FY2024 $512K$67K$445K$10.7M 990 PDF
FY2023 $555K$197K$357K$9.8M 990 PDF
FY2022 $126K$73K$54K$9.1M 990 PDF
FY2021 $343K$95K$248K$10.2M 990 PDF
FY2020 $229K$76K$153K$9.4M 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 FY2025 990 (6 parts)
Part I · Summary $835,469 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,724$11,338
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $501,422$824,131
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $512,146$835,469
I-13 Grants and similar amounts paidPrior year $6,000$174,388
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 $60,962$58,345
I-18 Total expensesPrior year $66,962$232,733
I-19 Revenue less expensesPrior year $445,184$602,736
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $835,469 across 5 lines filed
VIII-1f All other contributions, gifts and grants$11,338
VIII-1h Total contributions, gifts and grants$11,338
VIII-3 Investment incomeExcluded from tax $339,917$339,917
VIII-7 Net gain or loss on sales of assetsExcluded from tax $484,214$484,214
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $824,131$835,469
Part IX · Statement of functional expenses $232,733 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $171,388$171,388
IX-2 Grants to domestic individualsPrograms $3,000$3,000
IX-11c Accounting feesManagement $8,200$8,200
IX-11f Investment management feesManagement $50,145$50,145
IX-25 Total functional expensesPrograms $174,388 · Management $58,345 · Fundraising $0$232,733
Part X · Balance sheet $12,038,537 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $207,648$211,646
X-9 Prepaid expenses and deferred chargesStart of year $1,000$0
X-11 Publicly traded securitiesStart of year $10,516,891$11,826,891
X-16 Total assetsStart of year $10,725,539$12,038,537
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $10,725,539$12,038,537
X-32 Total net assets or fund balancesStart of year $10,725,539$12,038,537
X-33 Total liabilities and net assetsStart of year $10,725,539$12,038,537
Part XI · Reconciliation of net assets $12,038,537 net assets at year end
XI-1 Total revenue$835,469
XI-2 Total expenses$232,733
XI-3 Revenue less expenses$602,736
XI-4 Net assets at start of year$10,725,539
XI-5 Net unrealized gains (losses) on investments$710,262
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,038,537

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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