2024 Financials

Some of us like to see the fine details. If that’s you, review the latest financial summary below.

2024 Financials

Some of us like to see the fine details. If that’s you, review the latest financial summary below.

STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2024		 ASSETS
Current Assets:
 Cash and cash equivalents $ 1,778,136
 Unconditional promises to give 32,500
 Prepaid expenses and other 21,234
  TOTAL CURRENT ASSETS $ 1,831,870
Unconditional promises to give, net of current position 10,000
Investments 83,548,489
Property and equipment – Net 644,765
Cash value of life insurance 478,560
TOTAL ASSETS 86,513,684
LIABILITIES AND NET ASSETS
Current Liabilities:
 Accounts payable $ 17,785
 Grants payable 14,900
 Scholarships payable 180,625
 Payroll and payroll taxes payable 31,269
  Total current liabilities 244,579
Long-term liabilities – Funds held for agencies 6,199,676
  Total liabilities 6,444,255
Net assets:
 Without donor restriction 79,548,369
 With donor restriction 521,060
Total net assets 80,069,429
TOTAL LIABILITIES AND NET ASSETS $ 86,513,684
STATEMENT OF ACTIVITIES
YEAR ENDED DECEMBER 31, 2024		 Without Donor
Restrictions		 With Donor
Restrictions		 TOTAL
Revenue, gains, and other support:
 Contributions $ 9,199,281 $ 50,000 $ 9,249,281
 Investment gain, net 5,263,572 – 5,263,572
 Administrative fees – Agency funds 64,923 – 64,923
 Increase in cash value of life insurance – 14,176 14,176
 Other 60,641 – 60,641
 Net assets released from restrictions 32,500 (32,500) –
Total revenue, gains, and other support 14,620,917 31,676 14,652,593
Expenses:
 Program Services 8,787,430 – 8,787,430
 Management and general 337,485 – 337,485
 Fundraising 327,599 – 327,599
Total expenses 9,452,514 9,452,514
Change in net assets 5,168,403 31,676 5,200,079
Net assets – Beginning of year 74,379,966 489,384 74,869,350
Net assets – End of year 79,548,369 521,060 $ 80,069,429

Auditors: Wipfli LLP
The complete audited financial statements and copies of our tax
forms 990 are available upon request by
calling (715) 845-9555 or emailing info@cfoncw.org.

STATEMENT OF FINANCIAL POSITION
December 31, 2024

ASSETS
Current Assets:
 Cash and cash equivalents $ 1,778,136
 Unconditional promises to give – Net 32,500
 Prepaid expenses and other 21,234
  TOTAL CURRENT ASSETS $ 1,831,870
Unconditional promises to give, net of current position 10,000
Investments 83,548,489
Property and equipment – Net 644,765
Cash value of life insurance 478,560
TOTAL ASSETS 86,513,684
LIABILITIES AND NET ASSETS
Current Liabilities:
 Accounts payable: $ 17,785
 Grants payable 14,900
 Scholarships payable 180,625
 Payroll and payroll taxes payable 31,269
  Total current liabilities 244,579
Long-term liabilities – Funds held for agencies 6,199,676
  Total liabilities 6,444,255
Net assets:
 Without donor restriction 79,548,369
 With donor restriction 521,060
Total net assets 80,069,429
TOTAL LIABILITIES AND NET ASSETS $ 86,513,684

STATEMENT OF ACTIVITIES
Year Ended December 31, 2024

Without Donor
Restrictions		 With Donor
Restrictions		 TOTAL
Revenue, gains, and other support:
 Contributions $ 9,199,281 $ 50,000 $ 9,249,281
 Investment gain, net 5,263,572 – 5,263,572
 Administrative fees – Agency funds 64,923 – 64,923
 Increase in cash value of life insurance – 14,176 14,176
 Other 60,641 – 60,641
 Net assets released from restrictions 32,500 (32,500)
Total revenue, gains, and other support 14,620,917 31,676 14,652,593
Expenses:
 Program Services 8,787,430 – 8,787,430
 Management and general 337,485 – 337,485
 Fundraising 327,599 – 327,599
Total expenses 9,452,514 9,452,514
Change in net assets 5,168,403 31,676 5,200,079
Net assets – Beginning of year 74,379,966 489,384 74,869,350
Net assets – End of year 79,548,369 521,060 $ 80,069,429

Auditors: Wipfli LLP
The complete audited financial statements and copies of our tax
forms 990 are available upon request by
calling (715) 845-9555 or emailing info@cfoncw.org.

AUDITED FINANCIAL STATEMENTS

TAX FORMS

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Pam Eckmann | VP of Finance & Operations