Civic Intelligence

Ten Chimneys Foundation Inc.

990 • Fiscal year 2019 • EIN 39-1862290

Apr 01, 2018 to Mar 31, 2019 • Filed on Oct 22, 2019

PO Box 225Genesee Depot, WI 53127

(262) 968-4161

Siviq Scores

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

Liabilities / Assets

77th percentile

0.40x

Higher debt load relative to assets than 77% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

90th percentile

1.59x

Higher debt load relative to revenue than 90% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

68th percentile

12%

Higher net margin than 68% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

89th percentile

$193,650

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

60th percentile

6.7%

Faster asset growth than 60% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

66th percentile

12%

Faster revenue growth than 66% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$4,004,575

Up $249,983 (+6.7%) from 2018

Net Assets

Up

$2,392,267

Up $118,730 (+5.2%) from 2018

Liabilities

Up

$1,612,308

Up $131,253 (+8.9%) from 2018

Revenue

Up

$1,014,409

Up $112,197 (+12%) from 2018

Expenses

Down

$895,679

Down $103,674 (-10%) from 2018

Net Income

Up

$118,730

Up $215,871 (+222%) from 2018

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2012: $11,610,000Liabilities 2012: $7,559,638Net Assets 2012: $4,050,3622012Assets 2013: $11,517,950Liabilities 2013: $7,573,050Net Assets 2013: $3,944,9002013Assets 2014: $4,955,667Liabilities 2014: $1,651,926Net Assets 2014: $3,303,7412014Assets 2015: $4,498,232Liabilities 2015: $1,577,644Net Assets 2015: $2,920,5882015Assets 2016: $4,245,493Liabilities 2016: $1,595,329Net Assets 2016: $2,650,1642016Assets 2017: $3,904,796Liabilities 2017: $1,534,118Net Assets 2017: $2,370,6782017Assets 2018: $3,754,592Liabilities 2018: $1,481,055Net Assets 2018: $2,273,5372018Assets 2019: $4,004,575Liabilities 2019: $1,612,308Net Assets 2019: $2,392,2672019Assets 2020: $4,995,678Liabilities 2020: $1,339,351Net Assets 2020: $3,656,3272020Assets 2021: $4,699,253Liabilities 2021: $1,068,224Net Assets 2021: $3,631,0292021Assets 2022: $4,762,023Liabilities 2022: $1,030,654Net Assets 2022: $3,731,3692022Assets 2023: $4,578,360Liabilities 2023: $946,821Net Assets 2023: $3,631,5392023Assets 2024: $4,512,462Liabilities 2024: $908,609Net Assets 2024: $3,603,8532024Assets 2025: $4,496,371Liabilities 2025: $911,104Net Assets 2025: $3,585,2672025

Highlighted filing

2019

Assets$4,004,575
Liabilities$1,612,308
Net Assets$2,392,267

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $1,298,469Expenses 2012: $1,828,571Net Income 2012: -$530,1022012Revenue 2013: $1,606,674Expenses 2013: $1,710,996Net Income 2013: -$104,3222013Revenue 2014: $847,129Expenses 2014: $1,488,288Net Income 2014: -$641,1592014Revenue 2015: $843,357Expenses 2015: $1,226,510Net Income 2015: -$383,1532015Revenue 2016: $934,834Expenses 2016: $1,205,258Net Income 2016: -$270,4242016Revenue 2017: $844,431Expenses 2017: $1,123,917Net Income 2017: -$279,4862017Revenue 2018: $902,212Expenses 2018: $999,353Net Income 2018: -$97,1412018Revenue 2019: $1,014,409Expenses 2019: $895,679Net Income 2019: $118,7302019Revenue 2020: $2,198,127Expenses 2020: $931,250Net Income 2020: $1,266,8772020Revenue 2021: $677,664Expenses 2021: $721,993Net Income 2021: -$44,3292021Revenue 2022: $792,760Expenses 2022: $723,813Net Income 2022: $68,9472022Revenue 2023: $787,225Expenses 2023: $828,155Net Income 2023: -$40,9302023Revenue 2024: $805,144Expenses 2024: $917,937Net Income 2024: -$112,7932024Revenue 2025: $877,879Expenses 2025: $891,451Net Income 2025: -$13,5722025

Highlighted filing

2019

Revenue$1,014,409
Expenses$895,679
Net Income$118,730
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Oct 22, 2019
Return Version
2018v3.1
Gross Receipts
$1,322,660
Mission and Program Overview

Mission

Ten chimneys foundation preserves and shares theatre legends alfred lunt and lynn fontanne's historic estate, serves american theatre, and offers public programs in keeping with the lunts' interests and values.

To preserve and share the buildings, furnishings, collections and grounds of ten chimneys.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,212,731$3,107,896▼ $104,835
Cash and Non-Interest-Bearing Accounts$367,591$571,388▲ $203,797
Pledges and Grants Receivable$94,886$122,418▲ $27,532
Accounts Receivable-$75,000-
Savings and Temporary Cash Investments$17,697$47,636▲ $29,939
Inventories for Sale or Use$50,257$32,546▼ $17,711
Investments in Publicly Traded Securities-$29,553-
Prepaid Expenses and Deferred Charges$11,430$18,138▲ $6,708
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$3,754,592$4,004,575▲ $249,983
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,425,809$1,388,166▼ $37,643
Accounts Payable and Accrued Expenses$50,193$221,387▲ $171,194
Deferred Revenue$5,053$2,755▼ $2,298
Total Liabilities$1,481,055$1,612,308▲ $131,253
Net Assets / Fund Balance
Unrestricted Net Assets$2,210,551$2,262,214▲ $51,663
Temporarily Rstr Net Assets$62,986$130,053▲ $67,067
Total Net Assets Fund Balance$2,273,537$2,392,267▲ $118,730
Total Liabilities and Net Assets / Fund Balance$3,754,592$4,004,575▲ $249,983

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,492,281$3,718,287$5,210,568
Leasehold Improvements$146,957$3,032,934$3,179,891
Other Land Buildings$1,038,556$802,200$1,840,756
Land$430,102-$430,102

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019-$30,000▲ $341-$29,553
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Randy BryantPresident/CEOFT$176,650$17,000$193,650

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$917,779
Program Service Revenue
$160,849
Investment Income
$-86,440
Other Revenue
$22,221
All Other Contributions
$798,354
Change in Net Assets
$118,730

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$45,069Fair Market Value (FMV)
Other Non Cash Contri Table1$25,000Fair Market Value (FMV)
Total Noncash Contributions3$70,069-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,014,409
Revenue Not Reported on Form 990
$205,793
Total Revenue per Audited Statements
$1,220,202
Total Revenue per Form 990
$1,014,409
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$546,662
Salaries, Compensation, and Employee Benefits$349,017
Total Fundraising Expense$68,385
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$169,100$14,983$29,967$214,050
Occupancy$120,863$1,011$537$122,411
Depreciation Depletion$88,061$6,290$10,484$104,835
Other Salaries and Wages$75,395$6,681$13,361$95,437
Interest$70,724--$70,724
Office Expenses$54,260$2,264$2,127$58,651
Insurance$39,529$324$607$40,460
Payroll Taxes$16,431$1,456$2,912$20,799
Other Employee Benefits$14,798$1,311$2,622$18,731
Fees for Services Other-$17,763-$17,763
Advertising$9,554-$4,776$14,330
All Other Expenses$8,749$910$992$10,651
Fees for Services Accounting-$9,175-$9,175
Other Expenses$5,460$5,317-$5,317
Total Functional Expenses$759,809$67,485$68,385$895,679

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,101,472
Expenses per Audited Statements$895,679
Total Expenses per Form 990$895,679
Expenses Not Reported on Form 990$205,793
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$66,808
Fundraising Direct Expenses$60,992
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
CelebratoryDinner$138,860$55,185$20,461$34,724
Harvest Dinner$31,955$8,323$3,547$4,776
Total Events$186,233$66,808$60,992$5,816
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The form 990 is reviewed by the board during a quarterly bod meeting. A copy of the form 990 is made available for review by those directors that were unable to attend the bod meeting.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Executive Finance Committee reviews all potential conflicts of interest in order to obtain proper disclosure and remedy when necessary.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The executive compensation committee utilizes current salary surveys to determine the appropriateness of the president's salary

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation is set by the board (and executive director for other staff positions) after review of the nonprofit center of Milwaukee's study on compensation performed in 2014. During subsequent years, the board and executive director have reviewed compensation of staff annually as a part of the overall budget approval process.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Ten Chimneys Foundation Inc
EIN
39-1862290
Phone
2629684161
Address
PO BOX 225, GENESEE DEPOT, WI 53127

Signing Officer

Name
Randy Bryant
Title
President/CEO
Signed
2019-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randy Bryant
Formed
1996
Legal Domicile
Wi
Voting Board Members
29
Independent Board Members
29
Employees
10
Volunteers
179

Preparer

Firm
Ritz Holman LLP
Address
330 E Kilbourn Ste 550, Milwaukee, WI 53202-3144
Preparer
Diana Luttmann
Phone
4142711451
Supplemental Narrative

Financial Statement Notes

Part III, Line 1A: If organization elected under SFAS 116 to not report are, historical treasures, O

In accordance with industry practice, the Organizations collections of historical items are not capitalized and recognized as assets on the statement of financial position. The Organization holds its collections for public exhibition, education, and research rather than for financial gain. It protects, cares for, preserves and keeps its collections unencumbered, subject to a policy that requires proceeds from sales of historical items to be used to purchase additional historical items. The collections consist of buildings, paintings and furniture.

Part III, Line 4: Description of organization'S collections and how it furthers its purpose.

The collections of ten chimneys foundation are an integral part of our educational purpose. With the vast majority of the collection always on display, and additional pieces used regularly for annual exhibitions, the collection is used to inspire, educate, and illuminate the public about the history, themes, and values of ten chimneys.

Part V, Line 4: Intended uses of the endowment fund.

The organization holds a fund at the greater milwaukee foundation with donor restrictions to be used as an endowment for preservation.

Part X : FIN48 Footnote

The Organization is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code and is classified as other than a private foundation. Management has reviewed all tax positions recognized in previously filed tax returns and those expected to be taken in future tax returns. As of March 31, 2019, the Organization had no amounts related to unrecognized income tax benefits and no amounts related to accrued interest and penalties. The Organization does not anticipate any significant changes to unrecognized income tax benefits over the next year.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Cost of Goods Sold $10233

Part XII, Line 2D: Other expenses and losses per audited F/S

Cost of Goods Sold $10233

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IRS990/Form990PartVIISectionAGrp/PersonNm2BENNETT BERSON
IRS990/Form990PartVIISectionAGrp/PersonNm3Edward Cichurski
IRS990/Form990PartVIISectionAGrp/PersonNm4Jamshed Patel
IRS990/Form990PartVIISectionAGrp/PersonNm5SHELDON EPPS
IRS990/Form990PartVIISectionAGrp/PersonNm6JULIE EDELL-BERLIN
IRS990/Form990PartVIISectionAGrp/PersonNm7Ness Flores
IRS990/Form990PartVIISectionAGrp/PersonNm8Andre Bishop
IRS990/Form990PartVIISectionAGrp/PersonNm9DR RICH GRUNKE
IRS990/Form990PartVIISectionAGrp/PersonNm10Deirdre Wilson Garton
IRS990/Form990PartVIISectionAGrp/PersonNm11JOANNE WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm12Sebastian Boulan
IRS990/Form990PartVIISectionAGrp/PersonNm13Judith A Hansen
IRS990/Form990PartVIISectionAGrp/PersonNm14Emmanuel Durand
IRS990/Form990PartVIISectionAGrp/PersonNm15MISSY JACOBUS MACLEOD
IRS990/Form990PartVIISectionAGrp/PersonNm16Howard Miller
IRS990/Form990PartVIISectionAGrp/PersonNm17Donna Meyer
IRS990/Form990PartVIISectionAGrp/PersonNm18JAMES INJESKI
IRS990/Form990PartVIISectionAGrp/PersonNm19SUSAN LUEGER
IRS990/Form990PartVIISectionAGrp/PersonNm20MARIE L O'BRIEN
IRS990/Form990PartVIISectionAGrp/PersonNm21David Hall
IRS990/Form990PartVIISectionAGrp/PersonNm22SHERRI MOWERY PERRIGO
IRS990/Form990PartVIISectionAGrp/PersonNm23KEN SHORE
IRS990/Form990PartVIISectionAGrp/PersonNm24Phoebe R Lewis
IRS990/Form990PartVIISectionAGrp/PersonNm25PATRICK SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm26Judy Jorgensen
IRS990/Form990PartVIISectionAGrp/PersonNm27Nicole Teweles
IRS990/Form990PartVIISectionAGrp/PersonNm28Kari Pietsch-Wangard
IRS990/Form990PartVIISectionAGrp/PersonNm29RANDY BRYANT
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15OFFICER @ LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt16Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt17chair
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director
IRS990/Form990PartVIISectionAGrp/TitleTxt26Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt27Director
IRS990/Form990PartVIISectionAGrp/TitleTxt28Director
IRS990/Form990PartVIISectionAGrp/TitleTxt29President/CEO
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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.$4.50$0.91$3.59$0.88$0.89$0.01
2024Detailed filing. Detailed filing data is available for this year.$4.51$0.91$3.60$0.81$0.92$0.11
2023Detailed filing. Detailed filing data is available for this year.$4.58$0.95$3.63$0.79$0.83$0.04
2022Detailed filing. Detailed filing data is available for this year.$4.76$1.03$3.73$0.79$0.72$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.70$1.07$3.63$0.68$0.72$0.04
2020Detailed filing. Detailed filing data is available for this year.$5.00$1.34$3.66$2.20$0.93$1.27
2019Detailed filing. Detailed filing data is available for this year.$4.00$1.61$2.39$1.01$0.90$0.12
2018Detailed filing. Detailed filing data is available for this year.$3.75$1.48$2.27$0.90$1.00$0.10
2017Detailed filing. Detailed filing data is available for this year.$3.90$1.53$2.37$0.84$1.12$0.28
2016Detailed filing. Detailed filing data is available for this year.$4.25$1.60$2.65$0.93$1.21$0.27
2015Summary only. Only limited summary data is available for this year.$4.50$1.58$2.92$0.84$1.23$0.38
2014Summary only. Only limited summary data is available for this year.$4.96$1.65$3.30$0.85$1.49$0.64
2013Summary only. Only limited summary data is available for this year.$11.5$7.57$3.94$1.61$1.71$0.10
2012Summary only. Only limited summary data is available for this year.$11.6$7.56$4.05$1.30$1.83$0.53