Fall Creek Area Foundation EIN 39-6522293

Fall Creek Area Foundation

EIN  39-6522293 Public charity (501(c)(3)) Fall Creek, WI
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Promotes charitable projects and donations for Fall Creek's quality of life.
Leadership
Marvin Schmit · Trustee
Money in and out
$206K revenue, $111K expenses
Bottom line
98% program efficiency

Promotes charitable projects and donations for Fall Creek's quality of life. For fiscal year 2024 it reported $206K in revenue, $111K in expenses, and $955K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$206K
Pt VIII · Ln 12
Total expenses
$111K
Pt IX · Ln 25
Net assets
$955K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $96K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
94.4mo
months of highly liquid reserves at operating expense rate▲ +64% vs prior filing year
Surplus margin
+46%
revenue over expenses, this year▲ +201% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$206K
FY2024▲ +91%
Expenses
$111K
FY2024▼ -30%
Total assets
$955K
FY2024▲ +13%
Total liabilities
$0
FY2024
Total revenue
$206K
Pt VIII · Ln 12
Total expenses
$111K
Pt IX · Ln 25
Net assets
$955K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$96K
Total assetsPt X · Ln 16$955K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

2 program services account for $108K of program spending, described in the organization's own filed words · FY2024.
01

Assist local govt organizations in providing and increasing the value of their services to the fall creek community and school students

$76Kprogram expense
02

Invested designated funds to provide scholarships to fall creek high school graduates in accordance with criteria received from various donars

$32Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFall Creek Area Foundation
EINHdr · item D39-6522293
Principal addressHdr · item CFall Creek, WI
WebsiteHdr · item Jfallcreekareafoundation.orgr
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S80Z)
Ruling yearIRS BMFFeb 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Fall Creek Area Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$166K · 81%
Investment income$40K · 19%
Contributions & grants81%$166K
Investment income19%$40K
Total revenueLn 12$206K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$108K
Management & general2%$2K
Total functional expensesLn 25$111K

Balance Sheet

Part X · end of year
CashLn 1$168K
Total assetsLn 16$955K
Total liabilitiesLn 26$0
Total net assetsLn 32$955K
Months of cash on handcomputed18.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $869K · Operating expenses/yr $111K
94.4 months
Where the money goes
Program services
Program services $108K · Total expenses $111K
98%
Management & General
Management & general $2K · Total expenses $111K
2%
Fundraising
Fundraising $0 · Total expenses $111K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $118K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $166K · Total revenue $206K
81%
Government reliance
Government grants — · Total revenue $206K
Earned-income share
Program service revenue $0 · Total revenue $206K
0%
Investment reliance
Investment income $40K · Total revenue $206K
+19%
Program self-sufficiency
Program service revenue $0 · Total expenses $111K
0%
Growth & trend
Revenue growth (YoY)
This year $206K · Prior year $108K
+91%
Revenue CAGR
FY2020 $115K · FY2024 $206K
+16%
Net-asset trend (YoY)
End of year $955K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $206K · Expenses $111K
+46%
Liabilities-to-Assets
Total liabilities — · Total assets $955K
Net-asset ratio
Net assets $955K · Total assets $955K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $701K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $955K
73%
People & payroll
Highest Reported Total Compensation
Individual Marvin Schmit · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $111K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $111K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth 91%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
M&t FoundationFY2024$10K
Total grants receivedfrom 2 funders$35K
Grants paid · 24 grants · $353K · 2020–2024
Unitemized GrantFY2024$32,100
Fall Creek School (athletic Field)FY2024$25,000
Fall Creek School (athletic Field)FY2024$25,000
All Title ServicesFY2023$89,619
Unitemized GrantFY2023$27,200
Fall Creek Athletic FieldFY2023$25,000
Trinity Cemetery AssnFY2023$4,000
Village of Fall CreekFY2023$2,500
Fall Creek Baseball TeamFY2023$2,500
Unitemized GrantFY2022$30,350
Trinity Cemetery AssnFY2022$4,000
Fall Creek PTOWI · FY2022$1,000
Fall Creek Area Fire DeptFY2022$1,000
Country Cousins 4-HFY2022$1,000
Unitemized GrantFY2021$33,700
Trinity Cemetery AssnFY2021$4,000
See all 24 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$206K revenue · viewing · ⤓ 990 PDF
FY2023$108K revenue · ⤓ 990 PDF
FY2022$136K revenue · ⤓ 990 PDF
FY2021$141K revenue · ⤓ 990 PDF
FY2020$115K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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