Civic Intelligence

Watertown Area Community Foundation

EIN 39-1708484 • 501(c)3 • Watertown, WI

Profile

To provide for the betterment of watertown, wisconsin and the surrounding area and promote the enhancement of the quality of life for its people.

PO Box 351Watertown, WI 53094

www.watertowncommunityfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.27x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

1.15x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

96th percentile

82%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

85th percentile

26%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

94th percentile

113%

Faster revenue growth than 94% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$17,397,768

Up $3,579,712 (+26%) from 2023

Liabilities

Up

$4,743,933

Up $2,195,984 (+86%) from 2023

Net Assets

Up

$12,653,835

Up $1,383,728 (+12%) from 2023

Operations
Liabilities / Revenue82nd percentileNet Margin96th percentile

Revenue

Up

$4,112,069

Up $2,178,039 (+113%) from 2023

Expenses

Up

$726,849

Up $157,786 (+28%) from 2023

Net Income

Up

$3,385,220

Up $2,020,253 (+148%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth85th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2012: $4,514,019Liabilities 2012: $183,656Net Assets 2012: $4,330,3632012Assets 2013: $4,710,217Liabilities 2013: $187,996Net Assets 2013: $4,522,2212013Assets 2014: $5,089,449Liabilities 2014: $35,364Net Assets 2014: $5,054,0852014Assets 2015: $5,035,773Liabilities 2015: $1,000Net Assets 2015: $5,034,7732015Assets 2016: $5,426,474Liabilities 2016: $0Net Assets 2016: $5,426,4742016Assets 2017: $6,682,393Liabilities 2017: $0Net Assets 2017: $6,682,3932017Assets 2018: $7,138,577Liabilities 2018: $0Net Assets 2018: $7,138,5772018Assets 2019: $7,905,417Liabilities 2019: $0Net Assets 2019: $7,905,4172019Assets 2020: $10,486,564Liabilities 2020: $1,678,468Net Assets 2020: $8,808,0962020Assets 2021: $13,232,298Liabilities 2021: $1,892,479Net Assets 2021: $11,339,8192021Assets 2022: $12,542,679Liabilities 2022: $2,930,555Net Assets 2022: $9,612,1242022Assets 2023: $13,818,056Liabilities 2023: $2,547,949Net Assets 2023: $11,270,1072023Assets 2024: $17,397,768Liabilities 2024: $4,743,933Net Assets 2024: $12,653,8352024

Highlighted filing

2024

Assets$17,397,768
Liabilities$4,743,933
Net Assets$12,653,835
Open 2024 Filing

Operations Trend

Revenue Growth94th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $140,549Expenses 2012: $213,895Net Income 2012: -$73,3462012Revenue 2013: $196,699Expenses 2013: $257,827Net Income 2013: -$61,1282013Revenue 2014: $374,848Expenses 2014: $201,430Net Income 2014: $173,4182014Revenue 2015: $466,073Expenses 2015: $252,200Net Income 2015: $213,8732015Revenue 2016: $593,884Expenses 2016: $202,183Net Income 2016: $391,7012016Revenue 2017: $1,423,571Expenses 2017: $283,078Net Income 2017: $1,140,4932017Revenue 2018: $870,374Expenses 2018: $414,190Net Income 2018: $456,1842018Revenue 2019: $1,244,038Expenses 2019: $477,198Net Income 2019: $766,8402019Revenue 2020: $5,964,989Expenses 2020: $2,893,787Net Income 2020: $3,071,2022020Revenue 2021: $3,519,150Expenses 2021: $2,477,463Net Income 2021: $1,041,6872021Revenue 2022: $2,099,270Expenses 2022: $887,423Net Income 2022: $1,211,8472022Revenue 2023: $1,934,030Expenses 2023: $569,063Net Income 2023: $1,364,9672023Revenue 2024: $4,112,069Expenses 2024: $726,849Net Income 2024: $3,385,2202024

Highlighted filing

2024

Revenue$4,112,069
Expenses$726,849
Net Income$3,385,220
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,397,768
Liabilities
$4,743,933
Net assets
$12,653,835
Revenue
$4,112,069
Expenses
$726,849
Net income
$3,385,220
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.4$4.74$12.7$4.11$0.73$3.39
2023Detailed filing. Detailed filing data is available for this year.$13.8$2.55$11.3$1.93$0.57$1.36
2022Detailed filing. Detailed filing data is available for this year.$12.5$2.93$9.61$2.10$0.89$1.21
2021Detailed filing. Detailed filing data is available for this year.$13.2$1.89$11.3$3.52$2.48$1.04
2020Detailed filing. Detailed filing data is available for this year.$10.5$1.68$8.81$5.96$2.89$3.07
2019Summary only. Only limited summary data is available for this year.$7.91$0.00$7.91$1.24$0.48$0.77
2018Summary only. Only limited summary data is available for this year.$7.14$0.00$7.14$0.87$0.41$0.46
2017Summary only. Only limited summary data is available for this year.$6.68$0.00$6.68$1.42$0.28$1.14
2016Summary only. Only limited summary data is available for this year.$5.43$0.00$5.43$0.59$0.20$0.39
2015Summary only. Only limited summary data is available for this year.$5.04$0.00$5.03$0.47$0.25$0.21
2014Summary only. Only limited summary data is available for this year.$5.09$0.04$5.05$0.37$0.20$0.17
2013Summary only. Only limited summary data is available for this year.$4.71$0.19$4.52$0.20$0.26$0.06
2012Summary only. Only limited summary data is available for this year.$4.51$0.18$4.33$0.14$0.21$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$7,397,185
Mission and Program Overview

Mission

To provide for the betterment of watertown, wisconsin and the surrounding area and promote the enhancement of the quality of life for its people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$12,885,239$17,069,035▲ $4,183,796
Cash and Non-Interest-Bearing Accounts$155,303$168,288▲ $12,985
Savings and Temporary Cash Investments$777,514$160,445▼ $617,069
Total Assets$13,818,056$17,397,768▲ $3,579,712
Liabilities
Other Liabilities$1,435,699$3,586,184▲ $2,150,485
Grants Payable$1,112,250$1,157,749▲ $45,499
Total Liabilities$2,547,949$4,743,933▲ $2,195,984
Net Assets / Fund Balance
Net Assets With Donor Restrictions$10,556,390$11,881,130▲ $1,324,740
Net Assets Without Donor Restrictions$713,717$772,705▲ $58,988
Total Net Assets Fund Balance$11,270,107$12,653,835▲ $1,383,728
Total Liabilities and Net Assets / Fund Balance$13,818,056$17,397,768▲ $3,579,712
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Tom SchultzPresident
Bill OswaldVice President
Amy BuchholtzDirector
Deb FischerDirector
Kevin CliffordDirector
Sandra BudewitzDirector
Susanne BradowDirector
Tom LeviDirector
Sue RhodesSecretary
Mike HoppenrathTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,751,165
Program Service Revenue
$0
Investment Income
$360,904
Other Revenue
$0
All Other Contributions
$3,751,165
Change in Net Assets
$3,385,220

Audited Revenue Reconciliation

Revenue per Audited Statements
$570,940
Revenue Not Reported on Financial Statements
$3,541,129
Revenue Not Reported on Form 990
$1,464,761
Other Revenue Adjustments
$3,466,253
Total Revenue per Audited Statements
$2,035,701
Total Revenue per Form 990
$4,112,069
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$589,508
Other Expenses$137,341
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$522,808--$522,808
Fees for Service Investment Mgmnt Fees-$74,876-$74,876
Grants to Domestic Orgs$66,700--$66,700
Office Expenses-$33,443-$33,443
Fees for Services Accounting-$26,552-$26,552
Insurance-$1,716-$1,716
Information Technology-$490-$490
Fees for Services Other-$264-$264
Total Functional Expenses$589,508$137,341$0$726,849

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$726,849
Expenses per Audited Statements$651,973
Total Expenses per Audited Statements$651,973
Expenses Not Reported on Financial Statements$74,876
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
YmcaWatertown, WINon-profitYear 1 of 5 Donation Commitments$50,000
City of WatertownWatertown, WIGOV'TLibrary Expansion, Christmas Decoration, Town Square$7,000
Watertown Historical SocietyWatertown, WINon-profit1st Kindergarten Project$6,700
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for the Benefit of Others$3,455,156
Due to Watertown Public Library$131,028
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 treasurer does a detailed review of the form 990 prior to filing. Other board members are given the opportunity to comment on the form 990 after filing.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Watertown Area Community Foundation
EIN
39-1708484
Phone
9202850537
Address
PO BOX 351, WATERTOWN, WI 53094

Signing Officer

Name
Mike Hoppenrath
Title
Treasurer
Phone
9202850537
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Hoppenrath
Formed
1991
Legal Domicile
Wi
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Cliftonlarsonallen Llp
Address
10401 W INNOVATION DR STE 300, WAUWATOSA, WI 53226
Preparer
Kristen Donlevy
Phone
4144761880
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Amounts held for the benefit of others -3,466,253.”

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal income taxes as provided in section 501(c)(3) of the internal revenue code (irc). The foundation, having qualified for exemption under provisions of the irc, is also exempt from state income tax. The foundation does not consider any of its support and revenue to be unrelated business income and, accordingly, no provision for income taxes has been provided in the accompanying financial statements.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Donations held for others 3,466,253.”

Raw XML AppendixShowing 400 of 429 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/OfficeExpensesGrp/ManagementAndGeneralAmt033443
IRS990/OfficeExpensesGrp/TotalAmt033443
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-3466253
IRS990/OtherLiabilitiesGrp/BOYAmt01435699
IRS990/OtherLiabilitiesGrp/EOYAmt03586184
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MIKE HOPPENRATH
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01717973
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0483675
IRS990/PYInvestmentIncomeAmt0216057
IRS990/PYOtherExpensesAmt085388
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01364967
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0569063
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01934030
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03385220
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0777514
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0160445
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03751165
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01717973
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01588717
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02497359
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05807572
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt015362786
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0207593
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0297547
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0368072
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0248113
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0166653
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01287978
IRS990ScheduleA/PublicSupportCY170Pct00.68200
IRS990ScheduleA/PublicSupportPY170Pct00.58930
IRS990ScheduleA/PublicSupportTotal170Amt011355623
IRS990ScheduleA/SubstantialContributorsTotAmt04007163
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03751165
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01717973
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01588717
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02497359
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt05807572
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt015362786
IRS990ScheduleA/TotalSupportAmt016650764
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt074876
IRS990ScheduleD/ExpensesSubtotalAmt0651973
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt074876
IRS990ScheduleD/InvestmentExpensesNotIncldAmt074876
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01464761
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03455156
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1131028
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS HELD FOR THE BENEFIT OF OTHERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO WATERTOWN PUBLIC LIBRARY
IRS990ScheduleD/OtherRevenuesNotIncludedAmt03466253
IRS990ScheduleD/RevenueNotReportedAmt01464761
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt03541129
IRS990ScheduleD/RevenueSubtotalAmt0570940
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES AS PROVIDED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE FOUNDATION, HAVING QUALIFIED FOR EXEMPTION UNDER PROVISIONS OF THE IRC, IS ALSO EXEMPT FROM STATE INCOME TAX. THE FOUNDATION DOES NOT CONSIDER ANY OF ITS SUPPORT AND REVENUE TO BE UNRELATED BUSINESS INCOME AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DONATIONS HELD FOR OTHERS 3,466,253.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0726849
IRS990ScheduleD/TotalLiabilityAmt03586184
IRS990ScheduleD/TotalRevenuePerForm990Amt04112069
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02035701
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0651973
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0522808
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR HIGHER EDUCATION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt074
IRS990ScheduleI/RecipientTable/CashGrantAmt07000
IRS990ScheduleI/RecipientTable/CashGrantAmt150000
IRS990ScheduleI/RecipientTable/CashGrantAmt26700
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV'T
IRS990ScheduleI/RecipientTable/IRCSectionDesc1NON-PROFIT
IRS990ScheduleI/RecipientTable/IRCSectionDesc2NON-PROFIT
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0LIBRARY EXPANSION, CHRISTMAS DECORATION, TOWN SQUARE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1YEAR 1 OF 5 DONATION COMMITMENTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt21ST KINDERGARTEN PROJECT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF WATERTOWN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1YMCA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2WATERTOWN HISTORICAL SOCIETY
IRS990ScheduleI/RecipientTable/RecipientEIN0396005640
IRS990ScheduleI/RecipientTable/RecipientEIN1390806378
IRS990ScheduleI/RecipientTable/RecipientEIN2390689355
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 477
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1415 S 8TH ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2919 CHARLES STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WATERTOWN
IRS990ScheduleI/RecipientTable/USAddress/CityNm1WATERTOWN
IRS990ScheduleI/RecipientTable/USAddress/CityNm2WATERTOWN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1WI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd053094
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd153094
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd253094
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0IN REGARDS TO THE SCHOLARSHIP PROGRAM THAT IS BEING ADMINISTERED BY THE FOUNDATION, THE BOARD DETERMINES THE NUMBER AND AMOUNT OF THE SCHOLARSHIPS BASED ON TERMS ESTABLISHED IN SCHOLARSHIP TRUSTS AND IN COMPLIANCE WITH DONOR INTENTIONS. THE BOARD HAS ALSO DEVELOPED WRITTEN GUIDELINES CONCERNING THE QUALIFICATIONS, CRITERIA AND USE OF EACH SCHOLARSHIP. THE SCHOOL DISTRICT PROVIDES CRITICAL INFORMATION ON ALL STUDENTS WHO APPLY FOR THE VARIOUS SCHOLARSHIPS. THE STUDENTS COMPLETE FORMS REGARDING THEIR GRADES, EXTRACURRICULAR ACTIVITIES, ACT RANK AND FINANCIAL NEED, AND OTHER POINTS. ALL OF THIS INFORMATION IS REVIEWED BY A COMMITTEE OF THE BOARD OF DIRECTORS WITH GENEROUS INPUT FROM THE SCHOOL DISTRICT STAFF AND THE SCHOLARSHIP PROGRAM LEADER. FROM THOSE DELIBERATIONS, THE STUDENTS ARE SELECTED, ALWAYS BASED ON THE CRITERIA OF EACH INDIVIDUAL SCHOLARSHIP PROGRAM. FINAL DETERMINATION AS TO THE AMOUNT AND THE RECIPIENT OF EACH (GENERALLY MULTI-YEAR) SCHOLARSHIP GRANT IS MADE BY THE BOARD. STUDENTS MUST PROVIDE SUPPORT FOR CONTINUED ELIGIBILITY FOR FUTURE YEAR PAYMENTS, SUCH AS THE STUDENT MUST FURNISH THEIR GRADES AND PROVIDE PROOF THEY WILL CONTINUE TO MEET ALL ELIGIBILITY REQUIREMENTS OF THE SCHOLARSHIP. ALL SCHOLARSHIP FUNDS ARE PAID DIRECTLY TO EDUCATIONAL INSTITUTIONS FOR THE BENEFIT OF THE SCHOLARSHIP RECIPIENTS."
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER DOES A DETAILED REVIEW OF THE FORM 990 PRIOR TO FILING. OTHER BOARD MEMBERS ARE GIVEN THE OPPORTUNITY TO COMMENT ON THE FORM 990 AFTER FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AMOUNTS HELD FOR THE BENEFIT OF OTHERS -3,466,253.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt013818056
IRS990/TotalAssetsEOYAmt017397768
IRS990/TotalAssetsGrp/BOYAmt013818056
IRS990/TotalAssetsGrp/EOYAmt017397768
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03751165
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0137341
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0589508
IRS990/TotalFunctionalExpensesGrp/TotalAmt0726849
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02547949
IRS990/TotalLiabilitiesEOYAmt04743933
IRS990/TotalLiabilitiesGrp/BOYAmt02547949
IRS990/TotalLiabilitiesGrp/EOYAmt04743933
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011270107
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012653835
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0589508
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0360904
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04112069
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013818056
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017397768
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 351
IRS990/USAddress/CityNm0WATERTOWN
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053094
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.WATERTOWNCOMMUNITYFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00

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