Matt Kolbe Memorial Foundation Inc

Nonprofit profile at a glance

EIN
863210119
IRS 990-EZ coverage
2021–2025
Forms available
Form 990-EZ 2025
Location
Chilton, WI, USA
Phone
9204180738
Rating
34
Verdict
REVIEW
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$4,210
Expenses
$32,738
Assets
$15,698
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Sandra Kolbe (President and Board Member)
  • Luke Kolbe (Vice President, Treasurer, and Board Member)

People named in this filing

  • Sandra Kolbe (President and Board Member)
  • Luke Kolbe (Vice President, Treasurer, and Board Member)
  • Emily Kolbe (Secretary and Board Member)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Charitable purposes, inclusion-friendly playground project: The Matt Kolbe Memorial Foundation was formally established in the memory of Matt Kolbe, an inspirational individual with Down's Syndrome. The Matt Kolbe Memorial Foundation was recently incorporated in April of 2021 and is a 501(c)(3) nonprofit organization with public charity status. The mission and vision of the Matt Kolbe Memorial Foundation is to promote inclusion and acceptance in our communities, specifically supporting individuals with special needs. The foundation is assisting with fundraising efforts for a significant project to support the construction of an inclusion-friendly, all-abilities playground, which will include fully accessible equipment for individuals with special needs.

What it reported doing in 2025

Support of the building of an inclusion friendly, fully accessible playground at a local park in Chilton, WI. The project will provide accessible play to children of all abilities and will promote inclusion and acceptance in our community. This project aligns with the mission and vision of the Matt Kolbe Memorial Foundation. Note, all proceeds raised are currently benefiting the playground project above. The project broke ground in September of 2023, and the majority of construction is expected to be completed in 2024 with completion in summer 2024. Over the course of the fundraising period, the Matt Kolbe Memorial Foundation assisted with grants and other fundraising of over $500,000 to support the project. All expenses incurred supported this program.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 24
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -677.6%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0.48; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -72.9% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -49.2% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -43.6% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 1 filed schedules
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.