About Us

Financial Statements

 

      2015   2014
SUMMARY STATEMENT
OF FINANCIAL POSITION

December 31, 2014
(with comparative
totals for 2013)
ASSETS        
Cash and investments $ 44,997,595 $ 43,928,271
Pledges receivable   323,142   740,208
Other Assets   367,344   353,436
TOTAL ASSETS $ 45,688,081 $ 45,021,915
LIABILITIES AND NET ASSETS        
Accounts payable and accrued liabilities $ 568,871 $ 435,394
Funds held for agencies   5,783,124   6,743,302
TOTAL LIABILITIES   6,351,995   7,178,696
NET ASSETS        
Unrestricted    9,929,222   10,671,044
Donor advised   13,366,133   10,935,730
Restricted   16,040,731   16,236,445
TOTAL NET ASSETS   39,336,086   37,843,219
TOTAL LIABILITIES AND NET ASSETS $ 45,688,081 $ 45,021,915
SUMMARY STATEMENT OF
ACTIVITIES AND
CHANGES IN
NET ASSETS

Year Ended
December 31, 2014
(with comparative
totals for 2013)
 
REVENUE AND SUPPORT        
Total contributions $ 7,076,929 $ 4,905,999
  Less contributions from funds held for agencies   1,322,927   2,264,340
Contributions   5,754,002   2,641,659
Total investment income (loss)   (2,188,625)   881,791
  Less investment income (loss) on funds held for agencies   (188,711)   110,049
Investment income (loss)   (1,999,914)   771,742
Other income   21,173   18,618
TOTAL REVENUE AND SUPPORT   3,775,261   3,432,019
GRANTS AND EXPENSES        
Total grants   3,801,754   3,949,295
  Less grants from funds held for agencies   2,007,429   2,399,257
Grants   1,794,325   2,399,257
Total operating expenses   575,034   565,680
  Less administrative fees on funds held for agencies   86,965   107,964
Operating expenses   488,069   457,716
TOTAL GRANTS AND EXPENSES   2,282,394   2,007,754
REVENUE IN EXCESS OF EXPENSES   1,492,867   1,424,265
NET ASSETS - BEGINNING   37,843,219   36,418,954
NET ASSETS - ENDING $ 39,336,086 $ 37,843,219

Auditors: Wipfli LLP

Investment Consultants: Fund Evaluation Group

This is a summarized financial statement presentation.

The Community Foundation of North Central Wisconsin Public Disclosure Policy
The Community Foundation of North Central Wisconsin will make available for public inspection the last three years of its tax documents, including Internal Revenue Service Forms 990, 990-T (if applicable), and the Community Foundation's application for tax exemption, IRS Form 1023. If the request for any of these documents is made in person, the requested documents will be provided on the day of the request, if possible. If the request is in writing (including e-mail), copies will be provided within 30 days of the request. The requestor will be charged a reasonable fee for the cost of copying, plus postage. Additionally, some of these documents are available on GuideStar. Please call 715-845-9555 or e-mail info@cfoncw.org for more information.