Fox Valley Memory Project INC FY2021 filing

Public charity (501(c)(3)) Menasha, WI EIN 82-3556549 NTEE F70
Revenue
$491K
▲ +81%
FY2021 · Pt VIII · Ln 12
Expenses
$334K
▲ +51%
FY2021 · Pt IX · Ln 25
Net assets
$366K
FY2021 · Pt X · Ln 32
To programs
58%
FY2021 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$491K
FY2021▲ +81%
Expenses
$334K
FY2021▲ +51%

Helps people with dementia and their families live well through support and resources.

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Tax-deductible?
Yes
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Wow-We Care Charity of Wisconsin INC
$2K in the latest grant year. Details →
Spent on programs?
58% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
$1–10M
↑ +81% vs prior year Details →

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).


Helps people with dementia and their families live well through support and resources.

Type
Public charity (501(c)(3)) · Mental Health
Location
Menasha, WI
Website
foxvalleymemoryproject.org
Filings
5 on file (2020–2021)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Where the money goes · FY2021
Where spending went · Part IX cols B–D
Program services $0.58 Management & general $0.35 Fundraising $0.07
Program efficiency
58%
of spending reaches programs
Operating runway
8.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+32%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$402K
FY2021▲ +74%
Total liabilities
$36K
FY2021▲ +43%
Revenue less expensesPt I · Ln 19$157K
Total assetsPt X · Ln 16$402K
Program-expense ratioPt IX · col B58%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CFox Valley Memory Project INC
EINHdr · item D82-3556549
Principal addressHdr · item CMenasha, WI
WebsiteHdr · item Jfoxvalleymemoryproject.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F70)
Ruling yearIRS BMFAug 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Michaelrohrkaste’s $75K as Executive Dir. is at the 11th percentile of top reported officer pay among 1683 $1–10M mental health 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 · 2 named individuals · Part VII

NameFY2024FY2020
Michaelrohrkaste$75,000—
Michael Rohrkaste—$60,000

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.

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Mission & Programs · Part III

Where the work happens

3 program services account for $153K of program spending, described in the organization's own filed words · FY2021.
01

Memory cafe- 9 different cafes monthly meet for socialization for dementia persons & caregivers. There are over 1500 annual participants.

$88Kprogram expense
02

Mindworks- facilitated twice weekly class for people with early to mid stage dementia, designed to promote brain and overall health, and provides respite to caregiver. This program supports 10 families at different times, with a total of 20 people.

$46Kprogram expense
03

On a positve note choir- performing choir for dementia persons and their caregivers. This program has 24 participants that meet monthly.

$18Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$490K
Program service revenue$2K
— government grantsLn 1e$33K
Total revenueLn 12$491K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.58 Management & general $0.35 Fundraising $0.07
Program services58%$193K
Management & general35%$118K
Fundraising7%$23K
Total functional expensesLn 25$334K

Balance Sheet

Part X · end of year
CashLn 1$229K
Total assetsLn 16$402K
Total liabilitiesLn 26$36K
Total net assetsLn 32$366K
Months of cash on handcomputed8.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $229K · Operating expenses (Pt IX) $334K · Less non-cash grants $25K · Cash operating expenses/yr $309K
8.9 months
Where the money goes
Program services
Program services $193K · Total expenses $334K
58%
Management & General
Management & general $118K · Total expenses $334K
35%
Fundraising
Fundraising $23K · Total expenses $334K
7%
Cost to raise $1
Fundraising expense (2-yr avg) $15K · Solicited contributions (2-yr avg) $375K
$0.04 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $490K · Total revenue $491K
100%
Government reliance
Government grants $33K · Total revenue $491K
7%
Earned-income share
Program service revenue $2K · Total revenue $491K
0.3%
Investment reliance
Investment income $0 · Total revenue $491K
0%
Program self-sufficiency
Program service revenue $2K · Total expenses $334K
0.5%
Growth & trend
Revenue growth (YoY)
This year $491K · Prior year $271K
+81%
Net-asset trend (YoY)
End of year $366K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $491K · Expenses $334K
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $402K
—
Net-asset ratio
Net assets $366K · Total assets $402K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $402K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Becky Reichelt · Reported title EXECUTIVE VICE PRESIDENT · Highest reported compensation $0 · Total expenses $334K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $190K · Total expenses $334K
57%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 58%——
Overhead ratio 35%——
Fundraising cost ratio 5%——
Revenue growth 81%——
Accounting fee ratio 6%——

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 · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$2K

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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)$1.1M revenue · ⤓ 990 PDF
FY2023$990K revenue · ⤓ 990 PDF
FY2022$855K revenue · ⤓ 990 PDF
FY2021$491K revenue · viewing · ⤓ 990 PDF
FY2020$271K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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