Community Foundation of Southern Wisconsin Inc
Nonprofit profile at a glance
- EIN
- 391711388
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Janesville, WI, USA
- Phone
- 6087580883
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Foundations
Reported finances
- Revenue
- $15,936,756
- Expenses
- $7,155,028
- Assets
- $105,461,928
- Liabilities
- $7,636,651
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- WYATT JACKSON (PRESIDENT/CEO)
Highest reported compensation
- WYATT JACKSON (PRESIDENT/CEO): $154,481 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The community foundation of southern Wisconsin, inc. Is a tax-exempt not-for-profit philanthropic granting organization that matches personal philanthropy with community needs through grants and scholarships from endowed and non-endowed funds. The community foundation of southern Wisconsin has been recognized as meeting the highest standards for community foundations nationwide by the community foundations national standards board. The community foundations national standards board measures quality, integrity and accountability in six key areas of community foundation operations: mission, structure, and governance; resource development; stewardship and accountability; grant making and community leadership; donor relations; and communications. The community foundations national standards board has reaccredited the community foundation of southern Wisconsin until 2026.
What it reported doing in 2024
The community foundation of southern Wisconsin administers a variety of scholarship funds that were established by individuals, civic organizations, and businesses throughout our service area. Each scholarship is unique and supports students with a variety of backgrounds, ages, educational goals, and economic levels. During the year the community foundation of southern Wisconsin provided scholarships to 471 students for post-secondary education.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 79% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 84
- Accountability: 100
- Sustainability: 90
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.1%; rating input score 63
- Program expense ratio: 85%; rating input score 85
- Fundraising efficiency: $41.77 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.7%; rating input score 95; 24th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 93%; rating input score 93; 22nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 55.1%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 14.74; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 79; 79th percentile among comparable filings
- Officer compensation ratio: 2.2%; rating input score 75; 75th percentile among comparable filings
Growth
- Program expense growth: 3.7% per year; rating input score 100; 32nd percentile among comparable filings
- Revenue growth: 6.8% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 8.6% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 63.1% of revenue deployed · 85% of spending went to programs
- Governance: 13 of 13 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $6.1M in reported program spending
- Leadership: top reported pay $154K · 16 people listed · 4 of 6 pay-setting controls reported
- Consistency: 38 of 39 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 97 filed money-flow records
- Related organizations: 96 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.