Civic Intelligence

Hodag Schools Foundation Inc.

990 • Fiscal year 2020 • EIN 05-0572723

Jul 01, 2019 to Jun 30, 2020 • Filed on May 14, 2021

PO Box 1522Rhinelander, WI 54501

(715) 369-0900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

94th percentile

65%

Higher net margin than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

99th percentile

591%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

1397%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,358,921

Up $1,162,225 (+591%) from 2019

Net Assets

$1,358,241

No earlier filing loaded for comparison.

Liabilities

Down

$680

Down $40,046 (-98%) from 2019

Revenue

Up

$1,845,909

Up $1,722,563 (+1397%) from 2019

Expenses

Up

$643,638

Up $630,683 (+4868%) from 2019

Net Income

Up

$1,202,271

Up $1,091,880 (+989%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $55,633Liabilities 2010: $0Net Assets 2010: $55,6332010Assets 2011: $25,932Liabilities 2011: $0Net Assets 2011: $25,9322011Assets 2012: $74,460Liabilities 2012: $0Net Assets 2012: $74,4602012Assets 2013: $91,612Liabilities 2013: $23,203Net Assets 2013: $68,4092013Assets 2014: $140,449Liabilities 2014: $31,2672014Assets 2015: $295,150Liabilities 2015: $86,158Net Assets 2015: $208,9922015Assets 2016: $114,054Liabilities 2016: $14,009Net Assets 2016: $100,0452016Assets 2017: $136,561Liabilities 2017: $65,6002017Assets 2018: $106,807Liabilities 2018: $61,2282018Assets 2019: $196,696Liabilities 2019: $40,7262019Assets 2020: $1,358,921Liabilities 2020: $680Net Assets 2020: $1,358,2412020Assets 2021: $1,292,535Liabilities 2021: $1,077Net Assets 2021: $1,291,4582021Assets 2022: $965,501Liabilities 2022: $279Net Assets 2022: $965,2222022Assets 2023: $425,376Liabilities 2023: $357Net Assets 2023: $425,0192023Assets 2024: $219,287Liabilities 2024: $136Net Assets 2024: $219,1512024Assets 2025: $27,024Liabilities 2025: $0Net Assets 2025: $27,0242025

Highlighted filing

2020

Assets$1,358,921
Liabilities$680
Net Assets$1,358,241

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2010: $32,952Expenses 2010: $5,890Net Income 2010: $27,0622010Revenue 2011: $6,195Expenses 2011: $35,896Net Income 2011: -$29,7012011Revenue 2012: $66,736Expenses 2012: $18,208Net Income 2012: $48,5282012Revenue 2013: $3,452Expenses 2013: $9,503Net Income 2013: -$6,0512013Revenue 2014: $58,305Expenses 2014: $17,532Net Income 2014: $40,7732014Revenue 2015: $142,019Expenses 2015: $42,209Net Income 2015: $99,8102015Revenue 2016: $47,289Expenses 2016: $156,236Net Income 2016: -$108,9472016Revenue 2017: $96,257Expenses 2017: $125,341Net Income 2017: -$29,0842017Revenue 2018: $44,297Expenses 2018: $69,679Net Income 2018: -$25,3822018Revenue 2019: $123,346Expenses 2019: $12,955Net Income 2019: $110,3912019Revenue 2020: $1,845,909Expenses 2020: $643,638Net Income 2020: $1,202,2712020Revenue 2021: $412,899Expenses 2021: $479,682Net Income 2021: -$66,7832021Revenue 2022: $215,338Expenses 2022: $541,574Net Income 2022: -$326,2362022Revenue 2023: $19,948Expenses 2023: $618,631Net Income 2023: -$598,6832023Revenue 2024: $211,783Expenses 2024: $417,651Net Income 2024: -$205,8682024Revenue 2025: $219,038Expenses 2025: $411,165Net Income 2025: -$192,1272025

Highlighted filing

2020

Revenue$1,845,909
Expenses$643,638
Net Income$1,202,271
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 14, 2021
Return Version
2019v5.0
Gross Receipts
$1,863,021
Mission and Program Overview

Mission

To provide financial support for quality programs and facilities which benefit students and promote excellence in the school district of rhinelander, and the entire community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$44,585$1,246,337▲ $1,201,752
Savings and Temporary Cash Investments$151,532$101,768▼ $49,764
Cash and Non-Interest-Bearing Accounts$5,579$10,816▲ $5,237
Total Assets$201,696$1,358,921▲ $1,157,225
Liabilities
Other Liabilities$45,726--
Accounts Payable and Accrued Expenses-$680-
Total Liabilities$45,726$680▼ $45,046
Net Assets / Fund Balance
Net Assets With Donor Restrictions$148,999$1,295,048▲ $1,146,049
Net Assets Without Donor Restrictions$6,971$63,193▲ $56,222
Total Net Assets Fund Balance$155,970$1,358,241▲ $1,202,271
Total Liabilities and Net Assets / Fund Balance$201,696$1,358,921▲ $1,157,225
Compensation and Service Providers

Board Members and Trustees

NameTitle
David HeckPresident
Brian GaberDirector
Brian PaulsonDirector
Carole ZierdenDirector
Casey GretzingerDirector
Jonna JewellDirector
Mike RobertsDirector
Steven JensenDirector
Kelli JacobiEx-officio
Julie BronsonTreasurer/se
Sue MakrisVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,860,273
Program Service Revenue
$0
Investment Income
$770
Other Revenue
$-15,134
All Other Contributions
$1,835,273
Change in Net Assets
$1,202,271

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,845,909
Total Revenue per Audited Statements
$1,845,909
Total Revenue per Form 990
$1,845,909
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$633,797
Other Expenses$9,841
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$633,797--$633,797
Occupancy-$4,490-$4,490
Fees for Services Accounting-$3,707-$3,707
All Other Expenses-$160-$160
Other Expenses-$110-$110
Total Functional Expenses$633,797$9,841$0$643,638

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$643,638
Total Expenses per Audited Statements$643,638
Total Expenses per Form 990$643,638
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
School District of RhinelanderRhinelander, WI-District Improvement$633,797
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$17,112
Fundraising Gross Income$1,978
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Alumni Event$26,978$1,978$3,133$-1,155
Total Events$26,978$1,978$17,112$-15,134
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Board approves draft 990 and upon approval e:mails membership for their opportunity to review

Form 990, Page 6, Part VI, Line 12C

Board members are required to certify if any conflicts of interest exist between themselves and the entity on an annual basis. If any such conflict exists, the board member must withdraw themselves from any vote/situation/discussion in which the conflict is relevant.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Hodag Schools Foundation Inc
EIN
05-0572723
Phone
7153690900
Address
PO BOX 1522, RHINELANDER, WI 54501

Signing Officer

Name
Julie Bronson
Title
Treasurer/secretary
Phone
7153690900
Signed
2021-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Bronson
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
NORTHLAND CPA'S SC
Address
1634 N STEVENS ST, RHINELANDER, WI 54501-2125
Preparer
Matthew J Whalen CPA
Phone
7153622222
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

The fiscal year ended june 30, 2020 was the first fiscal year in which the organization was required to undero a financial statement audit, based on revenue threshholds as setforth by the wisconsin department of financial institution requirements. The board of directors approved the independent cpa firm to perform the financial statement audit. Upon completion of the audit, the board of directors also approved the draft financial statements prior to issuance.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt030712
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01845909
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0643638
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt025000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt025000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt017112
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DISTRICT IMPROVEMENT
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0665 COOLIDGE AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0RHINELANDER
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD APPROVES DRAFT 990 AND UPON APPROVAL E:MAILS MEMBERSHIP FOR THEIR OPPORTUNITY TO REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO CERTIFY IF ANY CONFLICTS OF INTEREST EXIST BETWEEN THEMSELVES AND THE ENTITY ON AN ANNUAL BASIS. IF ANY SUCH CONFLICT EXISTS, THE BOARD MEMBER MUST WITHDRAW THEMSELVES FROM ANY VOTE/SITUATION/DISCUSSION IN WHICH THE CONFLICT IS RELEVANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FISCAL YEAR ENDED JUNE 30, 2020 WAS THE FIRST FISCAL YEAR IN WHICH THE ORGANIZATION WAS REQUIRED TO UNDERO A FINANCIAL STATEMENT AUDIT, BASED ON REVENUE THRESHHOLDS AS SETFORTH BY THE WISCONSIN DEPARTMENT OF FINANCIAL INSTITUTION REQUIREMENTS. THE BOARD OF DIRECTORS APPROVED THE INDEPENDENT CPA FIRM TO PERFORM THE FINANCIAL STATEMENT AUDIT. UPON COMPLETION OF THE AUDIT, THE BOARD OF DIRECTORS ALSO APPROVED THE DRAFT FINANCIAL STATEMENTS PRIOR TO ISSUANCE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 12, PART XII, LINE 2C
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0633797
IRS990/TotalFunctionalExpensesGrp/TotalAmt0643638
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt045726
IRS990/TotalLiabilitiesEOYAmt0680
IRS990/TotalLiabilitiesGrp/BOYAmt045726
IRS990/TotalLiabilitiesGrp/EOYAmt0680
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0155970
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01358241
IRS990/TotalProgramServiceExpensesAmt0633797
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01358921
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0RHINELANDER
IRS990/USAddress/StateAbbreviationCd0WI
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IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.HODAGSCHOOLSFND.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIE BRONSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER/SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum07153690900
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HODAG SCHOOLS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0HODA
ReturnHeader/Filer/EIN0050572723
ReturnHeader/Filer/PhoneNum07153690900
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1522
ReturnHeader/Filer/USAddress/CityNm0RHINELANDER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054501
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391998881
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NORTHLAND CPA'S SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01634 N STEVENS ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RHINELANDER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0545012125
ReturnHeader/PreparerPersonGrp/PhoneNum07153622222
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATTHEW J WHALEN CPA
ReturnHeader/ReturnTs02021-05-18T08:39:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.22$0.41$0.19
2024Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.21$0.42$0.21
2023Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$0.02$0.62$0.60
2022Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.22$0.54$0.33
2021Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.41$0.48$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$1.85$0.64$1.20
2019Summary only. Only limited summary data is available for this year.$0.20$0.04$0.12$0.01$0.11
2018Summary only. Only limited summary data is available for this year.$0.11$0.06$0.04$0.07$0.03
2017Summary only. Only limited summary data is available for this year.$0.14$0.07$0.10$0.13$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.11$0.01$0.10$0.05$0.16$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.30$0.09$0.21$0.14$0.04$0.10
2014Summary only. Only limited summary data is available for this year.$0.14$0.03$0.06$0.02$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.02$0.07$0.00$0.01$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$0.07$0.02$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.00$0.03$0.01$0.04$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.00$0.06$0.03$0.01$0.03
Peer Organizations

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