Civic Intelligence

Lacrosse Community Foundation

990 • Fiscal year 2021 • EIN 39-6037996

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 25, 2022

401 Main StreetLA Crosse, WI 54601

(608) 782-3223

Siviq Scores

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

Liabilities / Assets

29th percentile

0.08x

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

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

66th percentile

0.65x

Higher debt load relative to revenue than 66% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

78th percentile

37%

Higher net margin than 78% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

12th percentile

$131,971

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

49th percentile

11%

Faster asset growth than 49% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

84th percentile

69%

Faster revenue growth than 84% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$69,726,999

Up $6,908,765 (+11%) from 2020

Net Assets

Up

$64,351,936

Up $6,372,406 (+11%) from 2020

Liabilities

Up

$5,375,063

Up $536,359 (+11%) from 2020

Revenue

Up

$8,261,750

Up $3,370,704 (+69%) from 2020

Expenses

Up

$5,237,416

Up $295,184 (+6.0%) from 2020

Net Income

Up

$3,024,334

Up $3,075,520 (+6009%) from 2020

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2010: $27,798,136Liabilities 2010: $3,113,021Net Assets 2010: $24,685,1152010Assets 2011: $25,925,563Liabilities 2011: $2,773,551Net Assets 2011: $23,152,0122011Assets 2012: $31,497,364Liabilities 2012: $2,952,991Net Assets 2012: $28,544,3732012Assets 2013: $37,266,988Liabilities 2013: $3,371,921Net Assets 2013: $33,895,0672013Assets 2014: $40,167,449Liabilities 2014: $4,354,875Net Assets 2014: $35,812,5742014Assets 2015: $37,247,803Liabilities 2015: $4,272,853Net Assets 2015: $32,974,9502015Assets 2016: $39,156,472Liabilities 2016: $4,414,233Net Assets 2016: $34,742,2392016Assets 2017: $43,763,555Liabilities 2017: $4,386,531Net Assets 2017: $39,377,0242017Assets 2018: $46,075,351Liabilities 2018: $4,024,984Net Assets 2018: $42,050,3672018Assets 2019: $57,359,813Liabilities 2019: $4,617,191Net Assets 2019: $52,742,6222019Assets 2020: $62,818,234Liabilities 2020: $4,838,704Net Assets 2020: $57,979,5302020Assets 2021: $69,726,999Liabilities 2021: $5,375,063Net Assets 2021: $64,351,9362021Assets 2022: $59,131,423Liabilities 2022: $5,424,557Net Assets 2022: $53,706,8662022Assets 2023: $75,914,919Liabilities 2023: $5,371,622Net Assets 2023: $70,543,2972023Assets 2024: $80,894,492Liabilities 2024: $6,955,015Net Assets 2024: $73,939,4772024

Highlighted filing

2021

Assets$69,726,999
Liabilities$5,375,063
Net Assets$64,351,936

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $1,315,1972010Expenses 2011: $1,667,1912011Expenses 2012: $1,929,8612012Revenue 2013: $4,303,958Expenses 2013: $2,972,631Net Income 2013: $1,331,3272013Revenue 2014: $7,066,522Expenses 2014: $3,002,843Net Income 2014: $4,063,6792014Revenue 2015: $2,714,210Expenses 2015: $3,257,187Net Income 2015: -$542,9772015Revenue 2016: $3,020,155Expenses 2016: $3,011,930Net Income 2016: $8,2252016Revenue 2017: $3,620,889Expenses 2017: $2,201,372Net Income 2017: $1,419,5172017Revenue 2018: $12,630,625Expenses 2018: $3,195,121Net Income 2018: $9,435,5042018Revenue 2019: $6,472,963Expenses 2019: $3,013,903Net Income 2019: $3,459,0602019Revenue 2020: $4,891,046Expenses 2020: $4,942,232Net Income 2020: -$51,1862020Revenue 2021: $8,261,750Expenses 2021: $5,237,416Net Income 2021: $3,024,3342021Revenue 2022: $5,067,377Expenses 2022: $4,913,497Net Income 2022: $153,8802022Revenue 2023: $19,167,163Expenses 2023: $5,224,526Net Income 2023: $13,942,6372023Revenue 2024: $7,038,702Expenses 2024: $6,589,394Net Income 2024: $449,3082024

Highlighted filing

2021

Revenue$8,261,750
Expenses$5,237,416
Net Income$3,024,334
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 25, 2022
Return Version
2021v4.0
Gross Receipts
$15,688,268
Mission and Program Overview

Mission

The la crosse community foundation and the la crosse community foundation corporation (collectively the "foundation") are exempt organizations organized to enrich the quality of life in the greater la crosse area by attracting charitable gifts, promoting community philanthropy, supporting the programs and activities of economic, educational, social, and cultural exempt organizations, provide leadership by serving as a catalyst in indentifying problems and opportunities and shaping effective responses to them, and by being a community resource for exempt organizations and the community at-large.

Connecting people, passion, and giving in the la crosse area forever.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$57,414,090$62,773,278▲ $5,359,188
Savings and Temporary Cash Investments$2,825$1,102,438▲ $1,099,613
Pledges and Grants Receivable$215,181$538,700▲ $323,519
Cash and Non-Interest-Bearing Accounts$444,763$236,398▼ $208,365
Land, Buildings, and Equipment, Net$8,699$5,428▼ $3,271
Prepaid Expenses and Deferred Charges$18$708▲ $690
Total Assets$62,818,234$69,726,999▲ $6,908,765
Other Assets Total$4,732,658$5,070,049▲ $337,391
Liabilities
Escrow Account Liability$4,671,320$5,129,165▲ $457,845
Grants Payable$166,143$160,000▼ $6,143
Deferred Revenue-$49,806-
Accounts Payable and Accrued Expenses$1,241$36,092▲ $34,851
Total Liabilities$4,838,704$5,375,063▲ $536,359
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$53,092,212$58,802,901▲ $5,710,689
Net Assets With Donor Restrictions$4,887,318$5,549,035▲ $661,717
Total Net Assets Fund Balance$57,979,530$64,351,936▲ $6,372,406
Total Liabilities and Net Assets / Fund Balance$62,818,234$69,726,999▲ $6,908,765

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,355$15,591$19,946
Equipment$1,073$13,604$14,677
Other Assets Org$59,714--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$38,498,914$886,154▲ $5,266,026$54,264$42,548,784
2020$34,768,679$1,291,702▲ $4,633,263$189,614$38,498,914
2019$28,958,549$1,781,902▲ $5,992,117$139,669$34,768,679
2018$32,031,847$1,741,606▼ $2,363,902$7,331,604$28,958,549
2017$28,231,164$542,849▲ $4,614,439$114,132$32,031,847
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jamie SchloegelExecutive DiFT$125,687$6,284$131,971

Board Members and Trustees

NameTitle
Brent SmithChair
Rick KyteVice Chair
Barb EricksonBoard Member
Clara GelattBoard Member
Jamie DahlBoard Member
Sr Sue ErnsterBoard Member
Taggert BrooksBoard Member
Tara JohnsonBoard Member
Tom KennedyBoard Member
Taylor MathySecretary
Joe MouaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,039,125
Program Service Revenue
$58,841
Investment Income
$4,163,784
Other Revenue
$0
All Other Contributions
$4,039,125
Change in Net Assets
$3,024,334

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded16$1,109,587Quoted Market Price
Total Noncash Contributions16$1,109,587-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,099,813
Revenue Not Reported on Financial Statements
$161,937
Revenue Not Reported on Form 990
$3,348,072
Other Revenue Adjustments
$161,937
Total Revenue per Audited Statements
$11,447,885
Total Revenue per Form 990
$8,261,750
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,467,063
Salaries, Compensation, and Employee Benefits$410,767
Other Expenses$359,586
Total Fundraising Expense$99,830
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,178,838--$4,178,838
Grants to Domestic Individuals$288,225--$288,225
Other Salaries and Wages$118,660$96,352$20,025$235,037
Fees for Service Investment Mgmnt Fees-$161,937-$161,937
Current Officers, Directors, Trustees, and Key Employees$59,757$33,199$39,838$132,794
Information Technology$17,629$11,168$5,375$34,172
Payroll Taxes$12,616$9,041$4,308$25,965
Advertising$11,468-$13,539$25,007
Occupancy$10,989$6,820$3,364$21,173
Office Expenses$9,940$3,225$6,164$19,329
Pension Plan Contributions$8,246$5,909$2,816$16,971
Travel$7,657$4,851$2,335$14,843
Fees for Services Accounting-$9,660-$9,660
Insurance$2,759$1,748$841$5,348
Depreciation Depletion$1,621$1,169$481$3,271
Other Expenses$109$2,851$250$3,210
Total Functional Expenses$4,788,229$349,357$99,830$5,237,416

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,237,416
Expenses per Audited Statements$5,075,479
Total Expenses per Audited Statements$5,075,479
Expenses Not Reported on Financial Statements$161,937
Other Expense Adjustments$161,937
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of La Crosse Parks Rec & forLa Crosse, WI501c3Community Improvemen$1,546,877
Lgbtq Resource Center for the 7 RivLa Crosse, WI501c3Culture and Diversit$160,000
La Crosse Area Family YmcaLa Crosse, WI501c3Recreation and Welln$129,946
Black Leaders Acquiring CollectiveLa Crosse, WI501c3Culture and Diversit$116,350
Bountiful Harvest of Faith MinistriOnalaska, WIChurchCulture and Diversit$96,700
Coulee Council on AddictionsLa Crosse, WI501c3Health and Human Ser$90,427
Uw-la Crosse FoundationLa Crosse, WI501c3Education and Schola$80,300
Outdoor Recreation AllianceLa Crosse, WI501c3Recreation and Welln$78,800
Legal Action of WisconsinMilwaukee, WI501c3Health and Human Ser$60,000
Mississippi Valley ConservancyLa Crosse, WI501c3Environment$57,960
School District of La CrosseLa Crosse, WI501c3Health and Human Ser$55,900
Alliance for the Shenandoah ValleyNew Market, VA501c3Environment$55,000
Western Technical College FoundatioLa Crosse, WI501c3Education and Schola$53,140
WOMEN'S FUND OF GREATER LA CROSSELa Crosse, WI501c3Community Improvemen$51,107
Great Rivers United WayOnalaska, WI501c3Health and Human Ser$50,907
Good Fight Community Center IncLa Crosse, WI501c3Recreation and Welln$50,200
Wiscorps IncLa Crosse, WI501c3Environment$43,775
Adult & Teen Challenge of Western WLa Crosse, WI501c3Health and Human Ser$43,100
La Crosse Public Education FoundatiLa Crosse, WI501c3Education and Schola$42,505
Viterbo UniversityLa Crosse, WI501c3Education and Schola$41,610
St Clare Health MissionLa Crosse, WI501c3Health and Human Ser$40,523
1000 Generations IncElkhorn, WI501c3Health and Human Ser$40,000
The Salvation ArmyLa Crosse, WI501c3Health and Human Ser$37,715
Gundersen Medical FoundationLa Crosse, WI501c3Health and Human Ser$37,318
Missouri River Bird ObservatoryArrow Rock, MO501c3Environment$37,000
La Crosse Community TheatreLa Crosse, WI501c3Arts and Humanities$35,758
Boys & Girls Clubs of Greater La CrLa Crosse, WI501c3Recreation and Welln$31,180
Gateway Area Boy ScoutsLa Crosse, WI501c3Recreation and Welln$30,558
Habitat for Humanity-la Crosse AreaLa Crosse, WI501c3Community Improvemen$30,000
Onalaska School DistrictOnalaska, WIGovtHealth and Human Ser$29,460
Vang Council of La CrosseHolmen, WI501c3Health and Human Ser$29,000
Horsesense IncLa Crosse, WI501c3Recreation and Welln$28,600
Coulee Region Humane SocietyOnalaska, WI501c3Community Improvemen$27,263
Rotary Works Foundation IncLa Crosse, WI501c3Community Improvemen$25,950
Boys and Girls Clubs of Central SonSanta Rosa, CA501c3Recreation and Welln$25,000
Girls 4 ScienceChicago, IL501c3Education and Schola$25,000
Workforce Connections IncLa Crosse, WI501c3Health and Human Ser$25,000
Cia Siab IncLa Crosse, WI501c3Culture and Diversit$24,338
La Crosse Symphony Orchestra IncLa Crosse, WI501c3Arts and Humanities$23,946
First Presbyterian ChurchLa Crosse, WIChurchFaith$23,033
FAMILY & CHILDREN'S CENTERLa Crosse, WI501c3Health and Human Ser$22,147
Causeway Interfaith Volunteer CaregLa Crosse, WI501c3Recreation and Welln$20,333
La Crosse Area Synod ElcaLa Crosse, WIChurchFaith$20,135
OUR SAVIOR'S LUTHERAN CHURCHLa Crosse, WIChurchFaith$20,020
Grow La Crosse IncLa Crosse, WI501c3Environment$20,000
Mayo Clinic Health SystemRochester, MN501c3Health and Human Ser$18,566
Aptiv Foundation IncLa Crosse, WI501c3Health and Human Ser$18,505
La Crosse County Historical SocietyLa Crosse, WI501c3Arts and Humanities$17,414
Shelter Development IncLa Crosse, WI501c3Community Improvemen$17,000
Wafer IncLa Crosse, WI501c3Health and Human Ser$16,267
Independent Living ResourcesLa Crosse, WI501c3Health and Human Ser$16,217
Aquinas Catholic Schools FoundationLa Crosse, WI501c3Education and Schola$15,883
La Crosse County Human ServicesLa Crosse, WIGovtHealth and Human Ser$15,600
FRESH START WOMEN'S FOUNDATIONPhoenix, AZ501c3Health and Human Ser$15,000
Local First ArizonaPhoenix, AZ501c3Community Improvemen$15,000
Vivent HealthMilwaukee, WI501c3Health and Human Ser$15,000
Honor the EarthCallaway, MN501c3Environment$14,800
New Horizons Shelter & Outreach CtrLa Crosse, WI501c3Health and Human Ser$14,270
Sugar Creek Bible CampFerryville, WI501c3Recreation and Welln$14,025
Hunger Task Force of La Crosse IncLa Crosse, WI501c3Health and Human Ser$13,898
Couleecap IncWestby, WI501c3Health and Human Ser$13,000
Planned Parenthood of Wisconsin inMilwaukee, WI501c3Health and Human Ser$13,000
St Paul Evangelical Lutheran ChurcOnalaska, WIChurchFaith$11,400
Lutheran Social ServiceswisconsinWest Allis, WI501c3Health and Human Ser$11,220
The Pump House Regional Arts CenterLa Crosse, WI501c3Arts and Humanities$10,857
CHILDREN'S MUSEUM OF LA CROSSE INCLa Crosse, WI501c3Recreation and Welln$10,550
West Salem School DistrictWest Salem, WI501c3Education and Schola$10,175
Arts at Large IncMilwaukee, WI501c3Arts and Humanities$10,000
La Crosse Area Veterans Mentor ProgLa Crosse, WI501c3Health and Human Ser$10,000
Planned Parenthood Minnesota NorthSt Paul, MN501c3Health and Human Ser$10,000
Uw-la CrosseLa Crosse, WIGovtCulture and Diversit$9,394
La Crosse Jail MinistryLa Crosse, WI501c3Faith$8,855
United Fund for the Arts and HumaniLa Crosse, WI501c3Arts and Humanities$8,110
La Crosse Area Underwater Rescue anLa Crosse, WI501c3Health and Human Ser$7,480
Head Start Child & Family DevelopmeLa Crosse, WI501c3Education and Schola$7,111
La Crosse Neighborhoods IncLa Crosse, WI501c3Recreation and Welln$7,000
Diocese of La CrosseLa Crosse, WI501c3Health and Human Ser$6,450
Faith United Methodist ChurchLa Crosse, WIChurchFaith$6,130
American Indian Education FundCulpeper, VA501c3Education and Schola$6,000
For Independent Hmong Farmers CorpLa Crosse, WI501c3Community Improvemen$6,000
Christ Episcopal ChurchLa Crosse, WIChurchFaith$5,972
Blessed Sacrament Catholic ChurchLa Crosse, WIChurchFaith$5,530
League of Women Voters of the La CrLa Crosse, WI501c3Community Improvemen$5,400
La Crosse County Health DepartmentLa Crosse, WIGovtHealth and Human Ser$5,300
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 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
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
No

Governance Explanations

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

The board chair and chairs for the finance and investment committees review and sign the form 990. The entire governing body does review the return before filing via email.

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

Each year, board members update their conflict of interest statements and indicate that they will not discuss or vote on any matter for which they have a conflict of interest. Board chair requests that a member not participate in a discussion of a grant, in which cases they are excused from the discussion and the vote. The vote count will reflect that a board member abstained from a vote.

Form 990, Page 6, Part VI, Line 15A

The board meets annually to evaluate the executive director in a closed door session. They also review the goals from the previous year at this time, and discuss new goals and decide on a salary increase. Comparable compensation data is used in this process.

Form 990, Page 6, Part VI, Line 19

Available in the foundation office upon request. Conflict of interest policy is available to the public, but disclosures made by board members are not available to the public.

Filing and Contact Details

Filer

Filer Name
La Crosse Community Foundation
EIN
39-6037996
Phone
6087823223
Address
401 MAIN STREET, LA CROSSE, WI 54601

Signing Officer

Name
Brent Smith
Title
Chair
Phone
6087823223
Signed
2022-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brent Smith
Formed
1930
Legal Domicile
Wi
Voting Board Members
11
Independent Board Members
11
Employees
5
Volunteers
30

Preparer

Firm
Johnson Block & Co Inc
Address
122 6TH STREET NORTH, LA CROSSE, WI 54601
Preparer
Carrie Leonard CPA
Phone
6087841890
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in perpetual trust 338,198 investment expenses -161,937 investment expenses 161,937 total 338,198

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

Organization held investments at a third party investment corporation that are agency endowments for several organizations.

Schedule D, Page 3, Part X

In accordance with professional standards, the foundation follows the statutory requirements for their income tax accounting and generally avoids risks associated with potentially problematic tax 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 not have a material effect on the accompanying financial statements.

Schedule D, Page 4, Part XI, Line 2D

Change in perpetual trust 338,198

Schedule D, Page 4, Part XI, Line 4B

Investment expenses 161,937

Schedule D, Page 4, Part XII, Line 4B

Investment expenses 161,937

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$80.9$6.96$73.9$7.04$6.59$0.45
2023Detailed filing. Detailed filing data is available for this year.$75.9$5.37$70.5$19.2$5.22$13.9
2022Detailed filing. Detailed filing data is available for this year.$59.1$5.42$53.7$5.07$4.91$0.15
2021Detailed filing. Detailed filing data is available for this year.$69.7$5.38$64.4$8.26$5.24$3.02
2020Detailed filing. Detailed filing data is available for this year.$62.8$4.84$58.0$4.89$4.94$0.05
2019Detailed filing. Detailed filing data is available for this year.$57.4$4.62$52.7$6.47$3.01$3.46
2018Detailed filing. Detailed filing data is available for this year.$46.1$4.02$42.1$12.6$3.20$9.44
2017Detailed filing. Detailed filing data is available for this year.$43.8$4.39$39.4$3.62$2.20$1.42
2016Detailed filing. Detailed filing data is available for this year.$39.2$4.41$34.7$3.02$3.01$0.01
2015Detailed filing. Detailed filing data is available for this year.$37.2$4.27$33.0$2.71$3.26$0.54
2014Detailed filing. Detailed filing data is available for this year.$40.2$4.35$35.8$7.07$3.00$4.06
2013Detailed filing. Detailed filing data is available for this year.$37.3$3.37$33.9$4.30$2.97$1.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.5$2.95$28.5$1.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.9$2.77$23.2$1.67
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.8$3.11$24.7$1.32