The Foundry FY2023 filing

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1) the organizatin herein referred to as the "club", will operate as a venue for like-minded business professionals to gather for their mutual benefit. This will comprise 90% - 95% of the activity. The club encourages commingling and fellowship among the members and will strive to build camaraderie. The club will host various events through-out the year to bring members together. Examples of events are friday night guest bartenders, theme party events for holidays, and sport gatherings for university of wyoming (LOCAL) football games being aired on public tv.the club will also promote and encourage the success of the members' children. This will be done in various ways, such as helping them with public charity causes or special events to involve the members families. Form 990, part I, line 6: individual members from time to time volunteer to help put on functions at the club for the benefit of all members and help keep the club house clean. Hours are not tracked.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-2252946) · Dispute this line
501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
98¢ of each $1 spent went to programs.
$6K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $7K a year · 6% of revenue · last 3 filings
A surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
98%
of spending
98% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6K
to officers and key staff · 5% of spending
Pay to officers and key staff is 5% of spending.
Part VII, Section A
7.0 mo
of spending, in cash
7.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$115K
Spent
$117K
To programs
98%
Net assets
$102K
By yearFY2023–FY2025
Revenue
$115K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$115K
FY2024$107K
FY2025$99K
Expenses
$117K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$117K
FY2024$117K
FY2025$107K
Net assets
$102K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$102K
FY2024$92K
FY2025$84K

From the FY2023 Form 990 (year ending June 2023) · see the original

You’re viewing the FY2023 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 Oct 2017.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $115K Management & general 2% · $2K

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

7 people listed on the 990; $6K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Director - Manager
$6,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kristi Von Krosigk’s $6K as Director - Manager is at the 41st percentile of top reported officer pay among 98 <$100K recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2023
Kristi Von Krosigk$5,500$6,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Foundry executive salaries →

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 15aYes

Programs and updates

Connects business professionals for mutual benefit through events and fellowship.

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2 programs · $115K · in their own filed words · FY2022
01

Commingling and fellowship among the members during social gatherings of like-minded business professionals.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-2252946) · Dispute this line
$115Kprogram expense
02

Promote sheridan businesses and community. We strive to support charities and incividuals that promote our community.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-2252946) · Dispute this line
$500program expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$115K
Ln 12
Fees for servicesLn 2g$67K
Gifts and grantsLn 1h$48K
Money outPt IX
$117K
Ln 25
Programscol B$115K
Managementcol C$2K
Owns and owesPt X
$102K
net assets · Ln 32
Cash and savingsLn 1–2$69K
Total assetsLn 16$102K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48K
Fees for servicesLn 2g$67K
Total revenueLn 12$115K
Assets in detailPt X, end of year
CashLn 1$59K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$69K
Land, buildings, equipmentLn 10c$33K
Total assetsLn 16$102K
LiabilitiesLn 26$0
Net assetsLn 32$102K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$69K$69K
Land, buildings, equipmentLn 10c$36K$33K
Total assetsLn 16$104K$102K
LiabilitiesLn 26$0$0
Net assetsLn 32$104K$102K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$500$500
Pay of officers and key staff (Part IX, line 5)Ln 5$6K$6K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$4K$4K
OccupancyLn 16$41K$41K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$59K$59K
All other expensesLn 24e$14$14
Total functional expensesLn 25$117K$115K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Dec 17, 2025 $99K$107K−$8K$84K 990 PDF
FY2024Filed with the IRS Dec 18, 2024 $107K$117K−$10K$92K 990 PDF
FY2023 ViewingFiled with the IRS Dec 6, 2023 $115K$117K−$3K$102K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $114,567 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $57,895$47,502
I-9 Program service revenuePrior year $55,622$67,065
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $113,517$114,567
I-13 Grants and similar amounts paidPrior year $2,700$500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,500$6,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $104,083$110,593
I-18 Total expensesPrior year $112,283$117,093
I-19 Revenue less expensesPrior year $1,234−$2,526
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $114,567 across 4 lines filed
VIII-1b Membership dues$47,502
VIII-1h Total contributions, gifts and grants$47,502
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $67,065$67,065
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $67,065$114,567
Part IX · Statement of functional expenses $117,093 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $500$500
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $6,000$6,000
IX-11c Accounting feesManagement $2,076$2,076
IX-11g Other fees for servicesPrograms $4,239$4,239
IX-16 OccupancyPrograms $41,384$41,384
IX-22 Depreciation, depletion and amortizationPrograms $2,521$2,521
IX-23 InsurancePrograms $1,232$1,232
IX-24 Other expenses (24a–d)Programs $59,127$59,127
IX-24e All other expensesPrograms $14$14
IX-25 Total functional expensesPrograms $115,017 · Management $2,076 · Fundraising $0$117,093
Part X · Balance sheet $101,614 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $60,816$58,874
X-2 Savings and temporary cash investmentsStart of year $7,776$9,713
X-10c Land, buildings and equipment, netStart of year $35,548$33,027
X-16 Total assetsStart of year $104,140$101,614
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $104,140$101,614
X-32 Total net assets or fund balancesStart of year $104,140$101,614
X-33 Total liabilities and net assetsStart of year $104,140$101,614
Part XI · Reconciliation of net assets $101,614 net assets at year end
XI-1 Total revenue$114,567
XI-2 Total expenses$117,093
XI-3 Revenue less expenses−$2,526
XI-4 Net assets at start of year$104,140
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$101,614

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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