Fall Creek Area Foundation FY2022 filing

Fall Creek, WI · Public charity (501(c)(3)) · Since 1990 · Community Development

✓ Tax-deductible
Revenue
$136K
-3% vs prior year
Spent
$45K
To programs
90%
Net assets
$875K
By yearFY2020–FY2025
Revenue
$136K
FY2022▼ -3%
Revenue by fiscal year
FY2020$115K
FY2021$141K
FY2022$136K
FY2023$108K
FY2024$206K
FY2025$279K
Expenses
$45K
FY2022▼ -1.0%
Expenses by fiscal year
FY2020$44K
FY2021$46K
FY2022$45K
FY2023$158K
FY2024$111K
FY2025$204K
Net assets
$875K
FY2022▲ +4%
Net assets by fiscal year
FY2020$728K
FY2021$842K
FY2022$875K
FY2023$842K
FY2024$955K
FY2025$1.0M

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CFall Creek Area Foundation
EINHdr · item D39-6522293
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 1995
Year of formationHdr · item L1990
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CFall Creek, WI
NTEE classificationIRS BMFCommunity Development (S80Z)
WebsiteHdr · item Jfallcreekareafoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$41K
Management & general10%$5K
Total functional expensesLn 25$45K

Financial health

Is it on solid ground?

Program efficiency
90%
of spending reaches programs
Operating runway
192.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+67%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$875K
FY2022▲ +4%
Total assets by fiscal year
FY2020$728K
FY2021$842K
FY2022$875K
FY2023$842K
FY2024$955K
FY2025$1.0M
Total liabilities
$0
FY2022
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19$91K
Total assetsPt X · Ln 16$875K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$163K
Total assetsLn 16$875K
Total liabilitiesLn 26$0
Total net assetsLn 32$875K
Months of cash on handcomputed43.0

Statement of Revenue

Part VIII
Contributions & grants$114K · 83%
Investment income$23K · 17%
Contributions & grants83%$114K
Investment income17%$23K
Total revenueLn 12$136K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $729K · Operating expenses/yr $45K
192.6 months
Where the money goes
Program services
Program services $41K · Total expenses $45K
90%
Management & General
Management & general $5K · Total expenses $45K
10%
Fundraising
Fundraising $0 · Total expenses $45K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $108K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $114K · Total revenue $136K
83%
Government reliance
Government grants — · Total revenue $136K
—
Earned-income share
Program service revenue $0 · Total revenue $136K
0%
Investment reliance
Investment income $23K · Total revenue $136K
+17%
Program self-sufficiency
Program service revenue $0 · Total expenses $45K
0%
Growth & trend
Revenue growth (YoY)
This year $136K · Prior year $141K
-3%
Net-asset trend (YoY)
End of year $875K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $136K · Expenses $45K
+67%
Liabilities-to-Assets
Total liabilities — · Total assets $875K
—
Net-asset ratio
Net assets $875K · Total assets $875K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $566K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $875K
65%
People & payroll
Highest Reported Total Compensation
Individual Marvin Schmit · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $45K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $45K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%——
Overhead ratio 10%——
Fundraising cost ratio 0%——
Revenue growth -3%——
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.

Leadership and pay

Who runs it, and what are they paid?

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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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 7Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Promotes charitable projects and donations for Fall Creek's quality of life.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $41K of program spending, described in the organization's own filed words · FY2022.
01

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

$30Kprogram expense
02

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

$10Kprogram expense

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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 · FY2024
M&t FoundationFY2024$10K
Total grants receivedfrom 2 funders$35K
Grants paid · 25 grants · $389K · 2020–2025
Unitemized GrantFY2025$36,500
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
See all 25 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $279K$204K+35% 990 PDF
FY2024 $206K$111K+91% 990 PDF
FY2023 $108K$158K-21% 990 PDF
FY2022 Viewing $136K$45K-3% 990 PDF
FY2021 $141K$46K+23% 990 PDF
FY2020 $115K$44K 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

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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