Civic Intelligence

Viroqua Area Foundation

990 • Fiscal year 2017 • EIN 39-1603279

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 30, 2018

Organization ProfileWWW.VIROQUAAREAFOUNDATION.ORG
PO Box 262Viroqua, WI 54665

(608) 637-3507

Siviq Scores

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

Liabilities / Assets

29th percentile

0.02x

Higher debt load relative to assets than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

64th percentile

0.21x

Higher debt load relative to revenue than 64% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

47th percentile

2.0%

Higher net margin than 47% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

73rd percentile

13%

Faster asset growth than 73% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-84%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$2,320,546

Up $271,801 (+13%) from 2016

Net Assets

Up

$2,284,084

Up $235,339 (+11%) from 2016

Liabilities

Up

$36,462

Up $36,462 from 2016

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin47th percentile

Revenue

Down

$175,577

Down $946,256 (-84%) from 2016

Expenses

Down

$171,998

Down $260,608 (-60%) from 2016

Net Income

Down

$3,579

Down $685,648 (-99%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $465,911Liabilities 2011: $0Net Assets 2011: $465,9112011Assets 2012: $585,514Liabilities 2012: $0Net Assets 2012: $585,5142012Assets 2013: $1,032,340Liabilities 2013: $0Net Assets 2013: $1,032,3402013Assets 2014: $1,577,220Liabilities 2014: $62,808Net Assets 2014: $1,514,4122014Assets 2015: $1,233,505Liabilities 2015: $0Net Assets 2015: $1,233,5052015Assets 2016: $2,048,745Liabilities 2016: $0Net Assets 2016: $2,048,7452016Assets 2017: $2,320,546Liabilities 2017: $36,462Net Assets 2017: $2,284,0842017Assets 2018: $2,077,535Liabilities 2018: $0Net Assets 2018: $2,077,5352018Assets 2019: $2,456,269Liabilities 2019: $0Net Assets 2019: $2,456,2692019Assets 2020: $2,670,627Liabilities 2020: $3,725Net Assets 2020: $2,666,9022020Assets 2021: $3,404,348Liabilities 2021: $5,578Net Assets 2021: $3,398,7702021Assets 2022: $2,896,622Liabilities 2022: $0Net Assets 2022: $2,896,6222022Assets 2023: $3,123,675Liabilities 2023: $0Net Assets 2023: $3,123,6752023Assets 2024: $3,335,887Liabilities 2024: $0Net Assets 2024: $3,335,8872024

Highlighted filing

2017

Assets$2,320,546
Liabilities$36,462
Net Assets$2,284,084
Open 2017 Filing

Operations Trend

Revenue Growth1st percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $246,569Expenses 2011: $105,767Net Income 2011: $140,8022011Expenses 2012: $67,3732012Revenue 2013: $386,817Expenses 2013: $19,499Net Income 2013: $367,3182013Revenue 2014: $597,362Expenses 2014: $790,784Net Income 2014: -$193,4222014Revenue 2015: $199,284Expenses 2015: $413,757Net Income 2015: -$214,4732015Revenue 2016: $1,121,833Expenses 2016: $432,606Net Income 2016: $689,2272016Revenue 2017: $175,577Expenses 2017: $171,998Net Income 2017: $3,5792017Revenue 2018: $199,934Expenses 2018: $182,519Net Income 2018: $17,4152018Revenue 2019: $392,149Expenses 2019: $197,332Net Income 2019: $194,8172019Revenue 2020: $287,988Expenses 2020: $158,991Net Income 2020: $128,9972020Revenue 2021: $938,891Expenses 2021: $445,678Net Income 2021: $493,2132021Revenue 2022: $260,750Expenses 2022: $246,814Net Income 2022: $13,9362022Revenue 2023: $252,112Expenses 2023: $178,983Net Income 2023: $73,1292023Revenue 2024: $398,516Expenses 2024: $220,706Net Income 2024: $177,8102024

Highlighted filing

2017

Revenue$175,577
Expenses$171,998
Net Income$3,579
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 30, 2018
Return Version
2017v2.3
Gross Receipts
$729,608
Mission and Program Overview

Mission

To encourage and promote worthwhile charitable enterprise in and around the viroqua area. The foundation provides a mechanism for people of goodwill interested in the viroqua area to make donations for the improvement of quality of life within the area for present and future generations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,772,264$2,144,151▲ $371,887
Pledges and Grants Receivable$162,906$101,039▼ $61,867
Cash and Non-Interest-Bearing Accounts$96,283$58,029▼ $38,254
Savings and Temporary Cash Investments$17,292$17,327▲ $35
Total Assets$2,048,745$2,320,546▲ $271,801
Liabilities
Accounts Payable and Accrued Expenses-$36,462-
Total Liabilities$0$36,462▲ $36,462
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,630,281$1,657,097▲ $26,816
Temporarily Rstr Net Assets$341,199$516,640▲ $175,441
Unrestricted Net Assets$77,265$110,347▲ $33,082
Total Net Assets Fund Balance$2,048,745$2,284,084▲ $235,339
Total Liabilities and Net Assets / Fund Balance$2,048,745$2,320,546▲ $271,801

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,848,236$52,041▲ $325,537$21,726$2,135,738
2016$832,284$883,986▲ $179,418$33,908$1,848,236
2015$806,407$95,318▼ $16,199$580$832,284
2014$690,226$155,478▲ $37,405$10,633$806,407
2013$551,795$53,223▲ $102,071$493$690,226
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Thor ThorsonPresident
Angie Dahl From October 2017Member
Dr Robert Starr Part of YearMember
George HopkinsMember
Ingrid MahanMember
Mark BrueggenMember
Roger HansonMember
Sigurd MollandMember
Susan NobleMember
Tom WestonMember
Angela LawrenceSecretary
Sandra MallietTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$81,308
Program Service Revenue
$0
Investment Income
$94,269
Other Revenue
$0
All Other Contributions
$81,308
Change in Net Assets
$3,579

Audited Revenue Reconciliation

Revenue per Audited Statements
$175,577
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$231,760
Total Revenue per Audited Statements
$407,337
Total Revenue per Form 990
$175,577
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$91,463
Grants and Similar Amounts Paid$80,535
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$52,400--$52,400
Grants to Domestic Orgs$28,135--$28,135
Fees for Services Accounting-$3,780-$3,780
Fees for Service Investment Mgmnt Fees-$375-$375
Other Expenses$15,000$40-$40
Total Functional Expenses$167,351$4,647$0$171,998

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$171,998
Total Expenses per Audited Statements$171,998
Total Expenses per Form 990$171,998
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Vernon County Agricultural Society IncViroqua, WI-Operations$17,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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 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, Part VI, Section B, Line 11B

“The 990 is reviewed by the treasurer prior to filing.”

Form 990, Part VI, Section B, Line 12C

“All board members are asked if they are following the conflict of interest policy on an annual basis.”

Form 990, Part VI, Section C, Line 19

“All documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Viroqua Area Foundation
EIN
39-1603279
Phone
6086373507
Address
PO BOX 262, VIROQUA, WI 54665

Signing Officer

Name
Sandra Malliet
Title
Treasurer
Phone
6086373507
Signed
2018-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandra Malliet
Formed
1988
Legal Domicile
Wi
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
12

Preparer

Firm
Johnson Block & Co Inc
Address
406 SCIENCE DRIVE SUITE 100, MADISON, WI 53711
Preparer
Jan Froelich
Phone
6082742002
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The foundation is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. The foundation adopted the recent accounting guidance for recognizing and measuring uncertain tax positions. The foundation follows the statutory requirements for their income tax accounting and generally avoids risks associated with potentially problematic positions that may be challenged upon examination. Management believes any liability resulting from taxing authorities imposing additional income taxes from activities deemed to be unrelated to the foundation's tax-exempt status would have a material effect on the accompanying financial statements. The foundation's federal exempt organization tax returns are subject to examination by the internal revenue service, generally for three years after they are filed. With few exceptions, the foundation is no longer subject to such examinations for years before 2014.”

Raw XML AppendixShowing 400 of 476 raw XML fields

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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IRS990/PrincipalOfficerNm0SANDRA MALLIET
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION OPERATES OTHER PROGRAMS FOR GRANTS TO THE VIROQUA COMMUNITY FOR PURPOSES OF COMMUNITY IMPROVEMENT AND BETTERMENT. IN 2017, THE FOUNDATION CONTINUED A $3.6 MILLION DOLLAR FUNDRAISING ENDEAVOR FOR THE BUILDING OF A NEW LIBRARY IN VIROQUA. THE NEW LIBRARY FALLS WITHIN THE SCOPE OF THE FOUNDATION TO ENCOURAGE AND PROMOTE WORTHWHILE CHARITABLE ENTERPRISE IN AND AROUND THE VIROQUA AREA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0114951
IRS990/ProgSrvcAccomActy2Grp/GrantAmt028135
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01068160
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt031174
IRS990/PYInvestmentIncomeAmt053673
IRS990/PYOtherExpensesAmt0401432
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0689227
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0432606
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01121833
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt03579
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017292
IRS990/SavingsAndTempCashInvstGrp/EOYAmt017327
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt09863
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0171517
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt010237
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0275622
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt067975
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0535214
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt081308
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01068160
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0148909
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0564640
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0364082
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02227099
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt094269
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt053673
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt058866
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt041763
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt030469
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0279040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt094269
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt053673
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt058866
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt041763
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt030469
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0279040
IRS990ScheduleA/InvestmentIncomeCYPct00.11130
IRS990ScheduleA/InvestmentIncomePYPct00.08140
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.67510
IRS990ScheduleA/PublicSupportPY509Pct00.68770
IRS990ScheduleA/PublicSupportTotal509Amt01691885
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt09863
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0171517
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt010237
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0275622
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt067975
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0535214
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt081308
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01068160
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0148909
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0564640
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0364082
IRS990ScheduleA/Total509Grp/TotalAmt02227099
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0175577
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01121833
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0207775
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0606403
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0394551
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02506139
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.03550
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt020675
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01848236
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt052041
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02135738
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt047675
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0325537
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt021726
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt013544
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0832284
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0883986
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01848236
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0179418
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt033908
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt07662
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0806407
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt095318
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0832284
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt045000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-16199
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0580
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt06271
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0690226
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0155478
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0806407
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt059798
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt037405
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt010633
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt05790
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0551795
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt053223
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0690226
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt010580
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0102071
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0493
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0171998
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0231760
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.77590
IRS990ScheduleD/RevenueNotReportedAmt0231760
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0175577
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION ADOPTED THE RECENT ACCOUNTING GUIDANCE FOR RECOGNIZING AND MEASURING UNCERTAIN TAX POSITIONS. THE FOUNDATION FOLLOWS THE STATUTORY REQUIREMENTS FOR THEIR INCOME TAX ACCOUNTING AND GENERALLY AVOIDS RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. MANAGEMENT BELIEVES ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING ADDITIONAL INCOME TAXES FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE FOUNDATION'S TAX-EXEMPT STATUS WOULD HAVE A MATERIAL EFFECT ON THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION'S FEDERAL EXEMPT ORGANIZATION TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO SUCH EXAMINATIONS FOR YEARS BEFORE 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.18860
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0171998
IRS990ScheduleD/TotalRevenuePerForm990Amt0175577
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0407337
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0171998
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt052400
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS ARE FOR COMMUNITY SERVICE, EDUCATION, AND/OR COMMUNITY IMPROVEM
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt057
IRS990ScheduleI/RecipientTable/CashGrantAmt017000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0VERNON COUNTY AGRICULTURAL SOCIETY INC
IRS990ScheduleI/RecipientTable/RecipientEIN0390831716
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0S3784 BAKKOM RD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0VIROQUA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd054665
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS ARE ASKED IF THEY ARE FOLLOWING THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0341199
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0516640
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02048745

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,320,546
Liabilities
$36,462
Net assets
$2,284,084
Revenue
$175,577
Expenses
$171,998
Net income
$3,579
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.34$0.00$3.34$0.40$0.22$0.18
2023Detailed filing. Detailed filing data is available for this year.$3.12$0.00$3.12$0.25$0.18$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.90$0.00$2.90$0.26$0.25$0.01
2021Detailed filing. Detailed filing data is available for this year.$3.40$0.01$3.40$0.94$0.45$0.49
2020Detailed filing. Detailed filing data is available for this year.$2.67$0.00$2.67$0.29$0.16$0.13
2019Detailed filing. Detailed filing data is available for this year.$2.46$0.00$2.46$0.39$0.20$0.19
2018Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.08$0.20$0.18$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.32$0.04$2.28$0.18$0.17$0.00
2016Detailed filing. Detailed filing data is available for this year.$2.05$0.00$2.05$1.12$0.43$0.69
2015Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$0.20$0.41$0.21
2014Detailed filing. Detailed filing data is available for this year.$1.58$0.06$1.51$0.60$0.79$0.19
2013Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.39$0.02$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.00$0.59$0.07
2011Summary only. Only limited summary data is available for this year.$0.47$0.00$0.47$0.25$0.11$0.14