Whitewater Community Foundation

Nonprofit profile at a glance

EIN
391815260
IRS 990 coverage
2012–2025
Forms available
Form 990 2025
Location
Whitewater, WI, USA
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Foundations

Reported finances

Revenue
$11,168,176
Expenses
$582,708
Assets
$15,676,918
Liabilities
$32

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

Leadership & pay

13 people listed

Executive titles in this filing

  • KAT MAWHINNEY (President)
  • THERESE KENNEDY (President)

Highest reported compensation

  • JAY CRAGGS (EMPLOYEE): $9,840 total reported compensation
  • JAY CRAGGS (EMPLOYEE): $9,840 total reported compensation

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

Overview

Mission

Enhance quality of life in Whitewater area via educational, cultural, charitable or benevolent expenditures

What it reported doing in 2025

F L MOKSNES SCHOLARSHIP FUND Scholarships for graduates of Whitewater High Schaool with preference to students enrolling at a technical college or to first-generation child of immigrant parents or to one who has studied more than one foreign language

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 34
  • Transparency & Controls: 84
  • Accountability: 70
  • Sustainability: 95
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 7.5%; rating input score 8
  • Program expense ratio: 89.6%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 83.3%; rating input score 83; 1st percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 98.3%; rating input score 98; 40th 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; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 94.8%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 26.9; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 96; 96th percentile among comparable filings
  • Officer compensation ratio: 3.4%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: 15.4% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 29.4% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 18.2% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 7.5% of revenue deployed · 89.6% of spending went to programs
  • Governance: 12 of 11 board members independent · 2 of 7 filing controls reported
  • Programs: 32 filed program accomplishments · $522K in reported program spending
  • Leadership: top reported pay $10K · 13 people listed
  • Consistency: 21 of 23 current checks pass · 2 findings to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • 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 8/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Transparency & Controls: Independent members within voting members did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.