2022 Financials
Some of us like to see the fine details. If that’s you, review the latest financial summary below.
We will have the 2023 financial summary available for you soon.
2022 Financials
Some of us like to see the fine details. If that’s you, review the latest financial summary below. We will have the 2023 financial summary available for you soon.
| STATEMENT OF FINANCIAL POSITION DECEMBER 31, 2022 |
ASSETS | ||||||
|---|---|---|---|---|---|---|---|
| Current Assets: | |||||||
| Cash | $ | 2,604,205 | |||||
| Prepaid expenses and other | 317,749 | ||||||
| TOTAL CURRENT ASSETS | $ | 2,921,954 | |||||
| Investments | 72,492,580 | ||||||
| Property and equipment – Net | 31,798 | ||||||
| Cash value of life insurance | 450,624 | ||||||
| TOTAL ASSETS | 75,896,956 | ||||||
| LIABILITIES AND NET ASSETS | |||||||
| Current Liabilities: | |||||||
| Accounts payable: | $ | 35,196 | |||||
| Grants payable | $ | 184,419 | |||||
| Scholarships payable | $ | 123,150 | |||||
| Payroll and payroll taxes payable | $ | 17,327 | |||||
| TOTAL CURRENT LIABILITIES | 360,092 | ||||||
| Long-term liabilities – Funds held for agencies | 6,498,341 | ||||||
| TOTAL LIABILITIES | 6,858,433 | ||||||
| Net assets: | |||||||
| Without donor restriction | 69,051,568 | ||||||
| With donor restriction | (13,045) | ||||||
| TOTAL NET ASSETS | $ | 69,038,523 | |||||
| TOTAL LIABILITIES AND NET ASSETS | 75,896,956 | ||||||
| STATEMENT OF ACTIVITIES YEAR ENDED DECEMBER 31, 2022 |
Without Donor Restrictions |
With Donor Restrictions |
TOTAL | ||||
| Revenue, gains, and other support: | |||||||
| Contributions | $ | 5,534,908 | $ | – | $ | 5,534,908 | |
| Investment loss | (11,116,029) | – | (11,116,029) | ||||
| Administrative fees – Agency funds | 71,971 | – | 71,971 | ||||
| Increase in cash value of life insurance | – | 18,955 | 18,955 | ||||
| Other | 20,405 | – | 20,405 | ||||
| Net assets released from restrictions | 32,000 | (32,000) | – | ||||
| TOTAL REVENUE, GAINS, AND OTHER SUPPORT | (5,456,745) | (13,045) | (5,469,790) | ||||
| Expenses: | |||||||
| Program Services | 6,764,963 | – | 6,764,963 | ||||
| Management and general | 310,902 | – | 310,902 | ||||
| Fundraising | 240,245 | – | 240,245 | ||||
| TOTAL EXPENSES | 7,316,110 | 7,316,110 | |||||
| Change in net assets | (12,772,855) | (13,045) | (12,785,900) | ||||
| Net asset reclassification – conversion to agency fund | (1,199,758) | – | (1,199,758) | ||||
| NET ASSETS – BEGINNING OF YEAR | 83,024,181 | – | 83,024,181 | ||||
| NET ASSETS – END OF YEAR | 69,051,568 | (13,045) | $ | 69,038,523 |
Auditors: Wipfli LLP
The complete audited financial statements and copies of our tax
forms 990 (and 990-T if applicable) are available upon request by
calling 715.845.9555 or emailing info@cfoncw.org.
| STATEMENT OF FINANCIAL POSITION DECEMBER 31, 2022 |
|||||||||||||||||||||||||
| ASSETS | |||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets: | |||||||||||||||||||||||||
| Cash | $ | 2,604,205 | |||||||||||||||||||||||
| Prepaid expenses and other | 317,749 | ||||||||||||||||||||||||
| TOTAL CURRENT ASSETS | $ | 2,921,954 | |||||||||||||||||||||||
| Investments | 72,492,580 | ||||||||||||||||||||||||
| Property and equipment – Net | 31,798 | ||||||||||||||||||||||||
| Cash value of life insurance | 450,624 | ||||||||||||||||||||||||
| TOTAL ASSETS | 75,896,956 | ||||||||||||||||||||||||
| LIABILITIES AND NET ASSETS | |||||||||||||||||||||||||
| Current Liabilities: | |||||||||||||||||||||||||
| Accounts payable: | $ | 35,196 | |||||||||||||||||||||||
| Grants payable | $ | 184,419 | |||||||||||||||||||||||
| Scholarships payable | $ | 123,150 | |||||||||||||||||||||||
| Payroll and payroll taxes payable | $ | 17,327 | |||||||||||||||||||||||
| TOTAL CURRENT LIABILITIES | 360,092 | ||||||||||||||||||||||||
| Long-term liabilities – Funds held for agencies | 6,498,341 | ||||||||||||||||||||||||
| TOTAL LIABILITIES | 6,858,433 | ||||||||||||||||||||||||
| Net assets: | |||||||||||||||||||||||||
| Without donor restriction | 69,051,568 | ||||||||||||||||||||||||
| With donor restriction | (13,045) | ||||||||||||||||||||||||
| TOTAL NET ASSETS | $ | 69,038,523 | |||||||||||||||||||||||
| TOTAL LIABILITIES AND NET ASSETS | 75,896,956 | ||||||||||||||||||||||||
| STATEMENT OF ACTIVITIES YEAR ENDED DECEMBER 31, 2022 |
|||||||||||||||||||||||||
| Without Donor Restrictions |
With Donor Restrictions |
TOTAL | |||||||||||||||||||||||
| Revenue, gains, and other support: | |||||||||||||||||||||||||
| Contributions | $ | 5,534,908 | $ | – | $ | 5,534,908 | |||||||||||||||||||
| Investment loss | (11,116,029) | – | (11,116,029) | ||||||||||||||||||||||
| Administrative fees – Agency funds | 71,971 | – | 71,971 | ||||||||||||||||||||||
| Increase in cash value of life insurance | – | 18,955 | 18,955 | ||||||||||||||||||||||
| Other | 20,405 | – | 20,405 | ||||||||||||||||||||||
| Net assets released from restrictions | 32,000 | (32,000) | – | ||||||||||||||||||||||
| TOTAL REVENUE, GAINS, AND OTHER SUPPORT | (5,456,745) | (13,045) | (5,469,790) | ||||||||||||||||||||||
| Expenses: | |||||||||||||||||||||||||
| Program Services | 6,764,963 | – | 6,764,963 | ||||||||||||||||||||||
| Management and general | 310,902 | – | 310,902 | ||||||||||||||||||||||
| Fundraising | 240,245 | – | 240,245 | ||||||||||||||||||||||
| TOTAL EXPENSES | 7,316,110 | 7,316,110 | |||||||||||||||||||||||
| Change in net assets | (12,772,855) | (13,045) | (12,785,900) | ||||||||||||||||||||||
| Net asset reclassification – conversion to agency fund | (1,199,758) | – | (1,199,758) | ||||||||||||||||||||||
| Net assets – Beginning of year | 83,024,181 | – | 83,024,181 | ||||||||||||||||||||||
| NET ASSETS – END OF YEAR | 69,051,568 | (13,045) | $ | 69,038,523 | |||||||||||||||||||||
Auditors: Wipfli LLP
The complete audited financial statements and copies of our tax
forms 990 (and 990-T if applicable) are available upon request by
calling 715.845.9555 or emailing info@cfoncw.org.
AUDITED FINANCIAL STATEMENTS
TAX FORMS
Find us on Guidestar
GuideStar Seals of Transparency indicates that we have provided key information to our Guidestar profile. This recognition shows a commitment to transparency. Find us on Guidestar for more information.
We Are Accredited
The Community Foundation of North Central Wisconsin is accredited by the National Standards for U.S. Community Foundations™, which means our Community Foundation meets the highest standards for philanthropic excellence.
Connect With Us.
We appreciate it when our nonprofit partners share pictures of programs or events that we have funded, success stories, videos, or any other newsworthy items that we can help promote.
Or call Pam at (715) 845-9555
