Civic Intelligence

Everythings Possible Foundation Inc.

990 • Fiscal year 2017 • EIN 81-1949424

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 23, 2018

Organization ProfileN/A
7930 Coray LaneVerona, WI 53593

(608) 777-4649

Siviq Scores

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

Liabilities / Assets

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2017

Net Margin

100th percentile

113%

Higher net margin than 100% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

5th percentile

-13%

Faster asset growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets3rd percentile

Assets

Down

$44,231,318

Down $6,715,592 (-13%) from 2016

Net Assets

Down

$44,231,318

Down $6,715,592 (-13%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$6,094,190

Down $57,041,100 (-112%) from 2016

Expenses

Up

$797,057

Up $797,057 from 2016

Net Income

Down

-$6,891,247

Down $57,838,157 (-114%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$150M$100M$50M$0Assets 2016: $50,946,910Liabilities 2016: $0Net Assets 2016: $50,946,9102016Assets 2017: $44,231,318Liabilities 2017: $0Net Assets 2017: $44,231,3182017Assets 2018: $45,141,088Liabilities 2018: $0Net Assets 2018: $45,141,0882018Assets 2019: $48,217,801Liabilities 2019: $0Net Assets 2019: $48,217,8012019Assets 2020: $89,551,491Liabilities 2020: $0Net Assets 2020: $89,551,4912020Assets 2021: $97,820,322Liabilities 2021: $0Net Assets 2021: $97,820,3222021Assets 2022: $80,417,145Liabilities 2022: $0Net Assets 2022: $80,417,1452022Assets 2023: $96,536,948Liabilities 2023: $0Net Assets 2023: $96,536,9482023Assets 2024: $106,619,891Liabilities 2024: $0Net Assets 2024: $106,619,8912024

Highlighted filing

2017

Assets$44,231,318
Liabilities$0
Net Assets$44,231,318
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$60M$40M$20M$0-$20MRevenue 2016: $50,946,910Expenses 2016: $0Net Income 2016: $50,946,9102016Revenue 2017: -$6,094,190Expenses 2017: $797,057Net Income 2017: -$6,891,2472017Revenue 2018: $3,694,308Expenses 2018: $1,173,009Net Income 2018: $2,521,2992018Revenue 2019: $2,642,213Expenses 2019: $2,854,746Net Income 2019: -$212,5332019Revenue 2020: $40,673,450Expenses 2020: $2,306,607Net Income 2020: $38,366,8432020Revenue 2021: $8,221,937Expenses 2021: $3,134,686Net Income 2021: $5,087,2512021Revenue 2022: $1,085,399Expenses 2022: $3,725,694Net Income 2022: -$2,640,2952022Revenue 2023: $3,153,938Expenses 2023: $3,265,516Net Income 2023: -$111,5782023Revenue 2024: $7,394,538Expenses 2024: $3,460,168Net Income 2024: $3,934,3702024

Highlighted filing

2017

Revenue-$6,094,190
Expenses$797,057
Net Income-$6,891,247
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 23, 2018
Return Version
2017v2.3
Gross Receipts
$45,284,971
Mission and Program Overview

Mission

The foundation makes grants for the purpose of supporting a wide array of services relating to the arts, education, animal welfare, physical fitness and children. The foundation operates its grant-making in connection with and in support of the madison community foundation (its supported organization).

To operate exclusively for the benefit of, to perform the function of, or to carry out the purposes of the madison community foundation (mcf).

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$50,946,910--
Other Notes and Loans Receivable, Net-$35,782,356-
Investments in Publicly Traded Securities-$7,377,664-
Savings and Temporary Cash Investments-$1,071,298-
Total Assets$50,946,910$44,231,318▼ $6,715,592
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$50,946,910$44,231,318▼ $6,715,592
Total Net Assets Fund Balance$50,946,910$44,231,318▼ $6,715,592
Total Liabilities and Net Assets / Fund Balance$50,946,910$44,231,318▼ $6,715,592
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Theresa DvorakPresident/treasurer
Carl DvorakVice President
Bob SorgeDirector
David ReineckeDirector
Alyssa DvorakSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-6,094,190
Other Revenue
$0
Change in Net Assets
$-6,891,247
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$773,000
Other Expenses$24,057
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$773,000--$773,000
Fees for Services Other-$8,738-$8,738
Fees for Service Investment Mgmnt Fees-$6,839-$6,839
Fees for Services Legal-$5,680-$5,680
Fees for Services Accounting-$2,800-$2,800
Total Functional Expenses$773,000$24,057$0$797,057
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Madison Community FoundationMadison, WI501(c)(3)TO SUPPORT THE ORGANIZATION'S MISSION.$773,000
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
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 A, Line 2

“Officers and directors with family relationships: theresa and carl dvorak are married, and alyssa dvorak is their daughter. Directors with business relationships: david reinecke represents the foundation as its attorney.”

Form 990, Part VI, Section B, Line 11B

“The board of directors review and approve the form 990 prior to filing it with the internal revenue service.”

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

“Any interested persons (director, principal officer, or member of a committee with governing board designated powers, who has a direct or indirect financial interest) must disclose the existence of a financial interest to the board of directors.”

Form 990, Part VI, Section C, Line 19

“The foundation's documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
EVERYTHING'S POSSIBLE FOUNDATION INC
EIN
81-1949424
Phone
6087774649
Address
7930 CORAY LANE, VERONA, WI 53593

Signing Officer

Name
Theresa Dvorak
Title
President/treasurer
Phone
6087774649
Signed
2018-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Theresa Dvorak
Formed
2016
Legal Domicile
Wi
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Sva Certified Public Accts Sc
Address
1221 JOHN Q HAMMONS DRIVE, MADISON, WI 53717
Preparer
Theran Welsh
Phone
6088318181
Raw XML AppendixShowing 400 of 474 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, OR TO CARRY OUT THE PURPOSES OF THE MADISON COMMUNITY FOUNDATION (MCF).
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THERESA A DVORAK
IRS990/BooksInCareOfDetail/PhoneNum06087774649
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07930 CORAY LANE
IRS990/BooksInCareOfDetail/USAddress/CityNm0VERONA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053593
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractTerminationInd0X
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0773000
IRS990/CYInvestmentIncomeAmt0-6094190
IRS990/CYOtherExpensesAmt024057
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-6891247
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0797057
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0-6094190
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE FOUNDATION DONATED $773,000 IN GRANTS FOR THE YEAR 2017 TO SUPPORT ITS EXEMPT PURPOSE AND MISSION.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0773000
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02800
IRS990/FeesForServicesAccountingGrp/TotalAmt02800
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt05680
IRS990/FeesForServicesLegalGrp/TotalAmt05680
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt08738
IRS990/FeesForServicesOtherGrp/TotalAmt08738
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt06839
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt06839
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0THERESA DVORAK
IRS990/Form990PartVIISectionAGrp/PersonNm1CARL DVORAK
IRS990/Form990PartVIISectionAGrp/PersonNm2BOB SORGE
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID REINECKE
IRS990/Form990PartVIISectionAGrp/PersonNm4ALYSSA DVORAK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-6152715
IRS990/GainOrLossGrp/SecuritiesAmt06466
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt0773000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0773000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0773000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt044794195
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0438717
IRS990/GrossReceiptsAmt045284971
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt052059
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt052059
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt050946910
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07377664
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0WI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt050946910
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0432251
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION MAKES GRANTS FOR THE PURPOSE OF SUPPORTING A WIDE ARRAY OF SERVICES RELATING TO THE ARTS, EDUCATION, ANIMAL WELFARE, PHYSICAL FITNESS AND CHILDREN. THE FOUNDATION OPERATES ITS GRANT-MAKING IN CONNECTION WITH AND IN SUPPORT OF THE MADISON COMMUNITY FOUNDATION (ITS SUPPORTED ORGANIZATION).
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt050946910
IRS990/NetAssetsOrFundBalancesEOYAmt044231318
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-6146249
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-6146249
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0175655
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt035782356
IRS990/PartialLiquidationInd01
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0THERESA DVORAK
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt050946910
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt050946910
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt050946910
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-6891247
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01071298
IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/DepreciationDepletionGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/DepreciationDepletionGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/NetSTCapitalGainAdjNetIncmGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/NetSTCapitalGainAdjNetIncmGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherExpensesGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherExpensesGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/RecoveriesPYDistributionsGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/RecoveriesPYDistributionsGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/PriorYearAmt00
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt00
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt09624
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt09624
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt00
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt09624
IRS990ScheduleA/DistributionAllocationsGrp/CYDistriAppDistributableAmt09624
IRS990ScheduleA/DistributionAllocationsGrp/CYDistribAppUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistributableAsAdjustedAmt09624
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistrCPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYTotalAnnualDistributionsAmt0797057
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionAmt0787433
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr1Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr2Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt0787433
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt0787433
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriCYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/TotalExcessDistributionCyovAmt00
IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYAdministrativeExpensePaidAmt024057
IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt0773000
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt09624
IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt0100.000000000000
IRS990ScheduleA/DistributionsGrp/CYOtherDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt0773000
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt0797057
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE MADISON COMMUNITY FOUNDATION (THE SUPPORTED ORGANIZATION) APPROVED THE ORGANIZATION'S INVESTMENT POLICY AND ACTIVELY PARTICIPATED IN ALL MEETINGS OF THE ORGANIZATION'S DIRECTORS. THE SUPPORTED ORGANIZATION APPOINTED TWO OF THE FOUR DIRECTORS SERVING ON THE BOARD OF THE ORGANIZATION AT ALL TIMES DURING THE TAX YEAR. NO OTHER PERSON OR ENTITY HAD A MORE SIGNIFICANT VOICE IN THE ORGANIZATION'S INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE ORGANIZATION'S INCOME OR ASSETS AT ALL TIMES DURING THE TAX YEAR.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1DISTRIBUTIONS TO MADISON COMMUNITY FOUNDATION (MCF) MET THE ATTENTIVENESS AND RESPONSIVENESS TESTS IN THE CURRENT YEAR. MCF IS THE FOUNDATION'S ONLY SUPPORTED ORGANIZATION, AND THE FOUNDATION HAS ALINED ITS MISSION AND EXEMPT PURPOSE WITH THAT OF MCF. ADDITIONALLY, MCF'S BOARD OF GOVERNORS MUST APPROVE ALL DIRECT GRANTS PAID BY THE FOUNDATION ON ITS BEHALF.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART IV, SECTION D, LINE 3:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A, PART V, SECTION D, LINE 8:
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt0279161
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt04187
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt0279161
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt0274974
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt09624
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt0279161
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt09624
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0396038248
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd08
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0773000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MADISON COMMUNITY FOUNDATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt0773000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0773000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT THE ORGANIZATION'S MISSION.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MADISON COMMUNITY FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0396038248
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0111 N FAIRCHILD STREE SUITE 260
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MADISON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd053703
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0IN ACCORDANCE WITH THE FOUNDATION'S GRANT-MAKING POLICY AND ITS BYLAWS, GRANTS ARE MADE TO ITS SUPPORTED ORGANIZATION, MADISON COMMUNITY FOUNDATION. THE FOUNDATION'S BOARD OF DIRECTORS REQUIRE PERIODIC AND FINAL REPORTS FROM GRANTEES DOCUMENTING THE USE OF GRANT FUNDS; REPORTING REQUIREMENTS WILL DEPEND UPON THE SIZE, SCOPE, AND RECIPIENT OF EACH GRANT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind01
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0183,899 SHS CLASS A VOTING & 26,316,101 SHS CLASS B NON-VOTING COMMON STOCK
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0EPIC SYSTEMS CORPORATION
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02017-02-24
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0391319950
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt044794195
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0C CORPORATION
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0RESTRICTION AGREEMENT
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt01979 MILKY WAY
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0VERONA
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0WI
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd053593
IRS990ScheduleN/EmployeeOfSuccessor2Ind01
IRS990ScheduleN/OwnerOfSuccessor2Ind01
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: CARL DVORAK
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1EXPLANATION OF INVOLVEMENT: CARL DVORAK IS A DIRECTOR, OFFICER, AND EMPLOYEE OF EPIC SYSTEMS CORPORATION. CARL DVORAK AND TRUSTS FOR THE BENEFIT OF HIS FAMILY MEMBERS COLLECTIVELY OWNED APPROXIMATELY 12% OF EPIC SYSTEMS CORPORATION STOCK AS OF THE DATE OF THE STOCK REDEMPTION BY THE ORGANIZATION.
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt2THESE SHARES WERE SUBJECT TO A RESTRICTION AGREEMENT WHICH ESTABLISHED THE PURCHASE PRICE IN THE EVENT OF SALE.
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION OPTED TO SELL ALL OF ITS STOCK IN EPIC SYSTEMS CORPORATION (THE COMPANY) TO THE COMPANY, WHICH THE SALE OCCURRED ON FEBRUARY 24, 2017. THE STOCK WAS SUBJECT TO PREEXISTING TRANSFER RESTRICTIONS WHICH ESTABLISHED THE REDEMPTION PRICE IN THE EVENT OF SALE. THE STOCK REDEMPTION PRICE IS UPDATED ANNUALLY BY THE BOARD OF DIRECTORS OF THE COMPANY IN CONSULTATION WITH ITS VALUATION EXPERTS, WILLAMETTE MANAGEMENT ASSOCIATES, BASED IN CHICAGO, IL. THIS SAME PRICE APPLIES TO ALL SHAREHOLDERS WITH RESPECT TO REDEMPTIONS OF RESTRICTED STOCK.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART II, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE N, PART II, LINE 1D
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE N, PART II, LINE 1
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICERS AND DIRECTORS WITH FAMILY RELATIONSHIPS: THERESA AND CARL DVORAK ARE MARRIED, AND ALYSSA DVORAK IS THEIR DAUGHTER. DIRECTORS WITH BUSINESS RELATIONSHIPS: DAVID REINECKE REPRESENTS THE FOUNDATION AS ITS ATTORNEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEW AND APPROVE THE FORM 990 PRIOR TO FILING IT WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY INTERESTED PERSONS (DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DESIGNATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST) MUST DISCLOSE THE EXISTENCE OF A FINANCIAL INTEREST TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION'S DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NONE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0IT'S POSSIBLE FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0475255658
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CREATION, ADMINISTRATION, & INVESTMENT OF ENDOWMENT FUNDS; CHARITABLE GRANTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 12D, III-O
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07930 CORAY LANE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0VERONA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd053593
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt050946910
IRS990/TotalAssetsEOYAmt044231318

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$44,231,318
Liabilities
$0
Net assets
$44,231,318
Revenue
-$6,094,190
Expenses
$797,057
Net income
-$6,891,247
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$107$0.00$107$7.39$3.46$3.93
2023Detailed filing. Detailed filing data is available for this year.$96.5$0.00$96.5$3.15$3.27$0.11
2022Detailed filing. Detailed filing data is available for this year.$80.4$0.00$80.4$1.09$3.73$2.64
2021Detailed filing. Detailed filing data is available for this year.$97.8$0.00$97.8$8.22$3.13$5.09
2020Detailed filing. Detailed filing data is available for this year.$89.6$0.00$89.6$40.7$2.31$38.4
2019Detailed filing. Detailed filing data is available for this year.$48.2$0.00$48.2$2.64$2.85$0.21
2018Detailed filing. Detailed filing data is available for this year.$45.1$0.00$45.1$3.69$1.17$2.52
2017Detailed filing. Detailed filing data is available for this year.$44.2$0.00$44.2$6.09$0.80$6.89
2016Detailed filing. Detailed filing data is available for this year.$50.9$0.00$50.9$50.9$0.00$50.9