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Ashland Ore Dock Charitable Trust FY2022 filing

Tax-deductible

Ashland, WI501(c)(3)Since 2014Foundations & GrantmakersEIN 46-7517448Revenue $22K in FY2022

On file with the IRS601 Main St W, 54806-1537 · Ashland, WITax-exempt since May 2015Publicly supported charity — 170(b)(1)(A)(vi)

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To provide funds to the city of Ashland to preserve the legacy of the Ore Dock and to develop the Ore Dock as a vibrant municipal asset to be used by the city and its residents for generations to come.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
1 of 6
filings with a surplus
Average deficit $464K a year · 1420% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
238 mo
of spending, in cash
Looks good: 237.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$141K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 8 voting members
Concern: none of 8 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$22K
-26% vs prior year
Spent
$142K
To programs
96%
Net assets
$2.7M
By yearFY2020–FY2025
Revenue
$22K
FY2022▼ -26%
Tap a bar for its year
Revenue by fiscal year
FY2020$30K
FY2021$30K
FY2022$22K
FY2023$58K
FY2024$27K
FY2025$29K
Expenses
$142K
FY2022▲ +111%
Tap a bar for its year
Expenses by fiscal year
FY2020$85K
FY2021$67K
FY2022$142K
FY2023$1.8M
FY2024$10K
FY2025$922K
Net assets
$2.7M
FY2022▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.8M
FY2021$2.8M
FY2022$2.7M
FY2023$977K
FY2024$994K
FY2025$102K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 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 May 2015.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $137K Management & general 4% · $5K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Ed Monroe
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
John Beirl
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Sara Hudson
Secretary
$0Pt VII · Sec A
See Ashland Ore Dock Charitable Trust 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

Funds the City of Ashland to preserve and develop the Ore Dock as a vibrant community asset.

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Provided by the organization

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1 program · $137K · in their own filed words · FY2022
01

The ashland ore dock charitable trust uses its assets and income of the trust exclusively for the maintenance, repair, operation, improvement, development, utilization, and general welfare of the former soo line ore dock.

$137Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$22K
Ln 12
Investment incomeLn 3$20K
Gifts and grantsLn 1h$2K
Money outPt IX
$142K
Ln 25
Programscol B$137K
Managementcol C$5K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.8M
Total assetsLn 16$2.8M
LiabilitiesLn 26$141K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Investment incomeLn 3$20K
Total revenueLn 12$22K
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$2.8M
Other assetsLn 15$235
Total assetsLn 16$2.8M
LiabilitiesLn 26$141K
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY22End FY22
Cash and savingsLn 1–2$2.9M$2.8M
Total assetsLn 16$2.9M$2.8M
LiabilitiesLn 26$73K$141K
Net assetsLn 32$2.8M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$17$17
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$137K$137K
Total functional expensesLn 25$142K$137K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $29K$922K−$892K$102K 990 PDF
FY2024 $27K$10K$17K$994K 990 PDF
FY2023 $58K$1.8M−$1.7M$977K 990 PDF
FY2022 Viewing $22K$142K−$120K$2.7M 990 PDF
FY2021 $30K$67K−$38K$2.8M 990 PDF
FY2020 $30K$85K−$56K$2.8M 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 FY2022 990 (6 parts)
Part I · Summary $22,078 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,764$2,390
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $20,898$19,688
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $29,662$22,078
I-13 Grants and similar amounts paidPrior year $0$0
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 $67,432$141,969
I-18 Total expensesPrior year $67,432$141,969
I-19 Revenue less expensesPrior year −$37,770−$119,891
Part VI · Governance 0 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members0
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 $22,078 across 4 lines filed
VIII-1f All other contributions, gifts and grants$2,390
VIII-1h Total contributions, gifts and grants$2,390
VIII-3 Investment incomeRelated to mission $19,688$19,688
VIII-12 Total revenueRelated to mission $19,688 · Unrelated business $0 · Excluded from tax $0$22,078
Part IX · Statement of functional expenses $141,969 across 4 lines filed
IX-11c Accounting feesManagement $4,435$4,435
IX-11g Other fees for servicesManagement $17$17
IX-23 InsuranceManagement $1,015$1,015
IX-24 Other expenses (24a–d)Programs $136,502$136,502
IX-25 Total functional expensesPrograms $136,502 · Management $5,467 · Fundraising $0$141,969
Part X · Balance sheet $2,812,977 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,551,179$1,493,499
X-2 Savings and temporary cash investmentsStart of year $1,313,086$1,318,573
X-9 Prepaid expenses and deferred chargesStart of year $680$670
X-15 Other assetsStart of year $345$235
X-16 Total assetsStart of year $2,865,290$2,812,977
X-17 Accounts payable and accrued expensesStart of year $73,359$140,937
X-26 Total liabilitiesStart of year $73,359$140,937
X-27 Net assets without donor restrictionsStart of year $2,791,931$2,672,040
X-32 Total net assets or fund balancesStart of year $2,791,931$2,672,040
X-33 Total liabilities and net assetsStart of year $2,865,290$2,812,977
Part XI · Reconciliation of net assets $2,672,040 net assets at year end
XI-1 Total revenue$22,078
XI-2 Total expenses$141,969
XI-3 Revenue less expenses−$119,891
XI-4 Net assets at start of year$2,791,931
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,672,040

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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