About Us

Financial Statements

 

      2016   2015
SUMMARY STATEMENT
OF FINANCIAL POSITION

December 31, 2016
(with comparative
totals for 2015)
ASSETS        
Cash and investments $ 51,035,143 $ 44,997,595
Pledges receivable   109,248   323,142
Other Assets   385,203   367,344
TOTAL ASSETS $ 51,529,594 $ 45,688,081
LIABILITIES AND NET ASSETS        
Accounts payable and accrued liabilities $ 527,464 $ 568,871
Funds held for agencies   6,811,343   5,783,124
TOTAL LIABILITIES   7,338,807   6,351,995
NET ASSETS        
Unrestricted    11,334,178   9,929,222
Donor advised   16,748,803   13,366,133
Restricted   16,107,806   16,040,731
TOTAL NET ASSETS   44,190,787   39,336,086
TOTAL LIABILITIES AND NET ASSETS $ 51,529,594 $ 45,688,081
SUMMARY STATEMENT OF
ACTIVITIES AND
CHANGES IN
NET ASSETS

Year Ended
December 31, 2016
(with comparative
totals for 2015)
 
REVENUE AND SUPPORT        
Total contributions $ 7,023,687 $ 7,076,929
  Less contributions from funds held for agencies   2,560,050   1,322,927
Contributions   4,463,637   5,754,002
Total investment income (loss)   2,992,877   (2,188,625)
  Less investment income (loss) on funds held for agencies   294,683   (188,711)
Investment income (loss)   2,698,194   (1,999,914)
Other income   22,867   21,173
TOTAL REVENUE AND SUPPORT   7,184,698   3,775,261
GRANTS AND EXPENSES        
Total grants   3,565,525   3,801,754
  Less grants from funds held for agencies   1,739,051   2,007,429
Grants   1,826,474   1,794,325
Total operating expenses   590,986   575,034
  Less administrative fees on funds held for agencies   87,463   86,965
Operating expenses   503,523   488,069
TOTAL GRANTS AND EXPENSES   2,329,997   2,282,394
REVENUE IN EXCESS OF EXPENSES   4,854,701   1,492,867
NET ASSETS - BEGINNING   39,336,086   37,843,219
NET ASSETS - ENDING $ 44,190,787 $ 39,336,086

Auditors: Wipfli LLP

Investment Consultants: AndCo Consulting

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.