2025-04-17T15:07:58-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2024-01-01 391563654 BLACK RIVER FALLS AREA FOUNDATION BLAC 7152843113 PO BOX 99 BLACK RIVER FALLS WI 54615 BRAD CHOWN CHAIRMAN 7152843113 2025-04-17 1 1 TROY MARINE CPA P00187863 4147775500 2025-04-16 2024 2025-03-06 01:10:19Z BRAD CHOWN PO BOX 99 BLACK RIVER FALLS WI 54615 757231 0 X WWW.BRFAREAFOUNDATION.ORG X 1986 WI TO ENHANCE THE QUALITY OF LIFE IN THE BLACK RIVER FALLS AREA. 11 11 0 12 0 0 571040 312411 0 0 543777 345507 1389 3111 1116206 661029 414151 497361 0 0 32500 38231 0 0 31856 45772 94472 492423 630064 623783 30965 5563799 5625818 193384 160516 5370415 5465302 WE ADDRESS A BROAD RANGE OF COMMUNITY GOALS RATHER THAN FOCUSING ON ONE PARTICULAR ISSUE. IN THIS WAY, WE ARE ABLE TO MEET THE CHANGING NEEDS AND PROVIDE SUPPORT TO WHAT MATTERS MOST TO THE PEOPLE WHO LIVE AND WORK IN THE BLACK RIVER FALLS AREA. 0 0 407358 397861 FOUNDATION ANNUAL GRANTS PROGRAM: APPLICATIONS APPROVED BY THE BOARD OF TRUSTEES AND PAID FROM EARNINGS FOUNDATION HAS DEDICATED FOR THIS PURPOSE TO VARIOUS APPLICANT ORGANIZATIONS THAT WILL BENEFIT THE BLACK RIVER FALLS AREA. GRANTEES MUST APPLY FOR GRANT DURING DESIGNATED TIME PERIOD.GRANT PROGRAM EXPENSES ALSO INCLUDE GRANTS MADE UPON A QUALIFIED REQUEST FROM A FUND DONOR. REQUESTS ACCEPTED AT ANYTIME THROUGHOUT THE YEAR. NO APPLICATION PROCESS NECESSARY. 99500 99500 GRANTS MADE DIRECTLY FROM SPECIFIC FUNDS IDENTIFIED AS SCHOLARSHIP FUNDS. STUDENTS MUST APPLY FOR SCHOLARSHIPS DURING A DESIGNATED TIME PERIOD. ALL PAYMENTS ARE MADE DIRECTLY TO STUDENT'S SCHOOL. 506858 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 1 0 0 WI X JULIE MURRAY 7152843113 503 N 11TH STREET OR PO BOX 99 BLACK RIVER FALLS WI 54615 KAY A FINCH CHAIRMAN 5.00 X X 0 0 0 BRAD CHOWN VICE CHAIRMAN 5.00 X X 0 0 0 ASHLEY AHL TREASURER 5.00 X X 0 0 0 KRISTI HANSON SECRETARY 5.00 X X 0 0 0 DENNIS YOUNG TRUSTEE 1.00 X 0 0 0 JACK TAYLOR TRUSTEE 1.00 X 0 0 0 JIM HOFFMAN TRUSTEE 1.00 X 0 0 0 MARIANNE TORKELSON TRUSTEE 1.00 X 0 0 0 MARY BETH WHITE-JACOBS TRUSTEE 4.00 X 0 0 0 NICHOLAS KITOWSKI TRUSTEE 1.00 X 0 0 0 PAUL MILLS TRUSTEE 1.00 X 0 0 0 JULIE MURRAY EXECUTIVE DIRECTOR 40.00 X 24076 0 0 24076 0 0 0 0 0 0 0 312411 312411 163247 163247 278462 96202 182260 182260 182260 MISCELLANEOUS REVENUE 900099 3111 3111 3111 661029 0 0 348618 397861 397861 99500 99500 24076 1734 11339 11003 14155 1155 6500 6500 56866 56866 2063 2063 2768 482 1142 1144 13024 3069 3734 6221 8610 1190 3920 3500 7500 1500 3000 3000 36 36 1135 1135 EQUIPMENT PURCHASES 1416 367 561 488 MEMBERSHIP FEES 1000 1000 LICENSING AND REGISTRAT 54 54 630064 506858 91350 31856 423842 320718 200000 204517 4939957 5100583 5563799 5625818 6654 0 37000 1500 149730 159016 193384 160516 X 5154310 5240467 216105 224835 5370415 5465302 5563799 5625818 30965 63922 0 X 0 1 X 1 0 X 460574 663042 463055 571040 312411 2470122 460574 663042 463055 571040 312411 2470122 1084524 1385598 27988 33781 86772 534777 163247 846565 622 1389 3111 5122 3321809 0.41710 0.39200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17 51832 336501 1541664 1 1 216105 1000 17213 5104 4379 224835 193734 1010 24859 1500 1998 216105 669246 7500 -54688 44656 383668 193734 787129 600 1388 119871 669246 839295 -50166 2000 787129 0.00000 1.00000 0.00000 0 0 0 AGENCY LIABILITIES 159016 159016 X 722888 63922 63922 658966 2063 2063 661029 628001 0 628001 2063 2063 630064 PART X, LINE 2: NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN ACCRUED SINCE THE FOUNDATION IS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS ALSO EXEMPT FROM STATE INCOME TAXES. THE FOUNDATION FOLLOWS GUIDANCE INCLUDED IN ACCOUNTING STANDARDS CODIFICATION 740 RELATED TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS, ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE FOUNDATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE LIKELY THAN NOT THRESHOLD THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50%LIKELIHOOD OF BEING REALIZED, UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. BASED ON ITS EVALUATION, THE FOUNDATION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. 1 BRF SCHOOL DISTRICT 301 N 4TH ST BLACK RIVER FALLS WI 54615 396000986 GOVERNMENT 115283 0 JAY & KATIE LAABS DONATION FOR REPLACEMENT OF PIANOS AND 2 YEARS EEF DISBURSEMENTS JACKSON COUNTY HUMANE SOCIETY 403 PINE VIEW ROAD BLACK RIVER FALLS WI 54615 391368939 501(C)(3) 50000 0 WHEREVER NEEDED MOST AS DETERMINED BY THE HUMANE SOCIETY DD FROM TIM & KAY FINCH CITY OF BRF SKYLINE GOLF COURSE 101 S 2ND STREET BLACK RIVER FALLS WI 54615 396005399 GOVERNMENT 37798 0 DRP, LAWN MOWER, NEW BAR CITY OF BLACK RIVER FALLS PUBLIC LIBRARY 222 FILLMORE STREET BLACK RIVER FALLS WI 54615 396005399 GOVERNMENT 28123 0 DD FROM TIM & KAY FINCH TO BE USED AT THE LIBRARY'S DISCRETION JC INTERFAITH VOLUNTEER CAREGIVERS 1451 TYLER STREET BLACK RIVER FALLS WI 54615 391607707 501(C)(3) 25000 0 DD FROM TIM & KAY FINCH FOR OPERATING EXPENSES HIXTON VOLUNTEER FIRE DEPARTMENT 140 INTERSTATE DRIVE HIXTON WI 54635 800836464 501(C)(3) 16560 0 WHERE NEEDED MOST AS DETERMINED BY HIXTON FIRE DEPARTMENT DD FROM TIM & KAY FINCH MERRILLAN VOLUNTEER FIRE DEPARTMENT & FIRST RESPONDERS 101 S MAIN STREET MERRILLAN WI 54754 396006319 501(C)(3) 15000 0 WHERE NEEDED MOST AS DETERMINED BY MERRILLAN VOLUNTEER FIRE DEPARTMENT DD FROM TIM & KAY FINCH VILLAGE OF ALMA CENTER 200 N CHURCH STREET ALMA CENTER WI 54611 811141773 GOVERNMENT 12400 0 DD FROM TIM & KAY FINCH FOR NEW OUTDOOR BASKETBALL COURT ALMA CENTER COMMUNITY FIRE DISTRICT 200 N CHURCH ST ALMA CENTER WI 54611 811141773 501(C)(3) 12166 0 AT THE DISCRETION OF THE FIRE DISTRICT DD FROM TIM & KAY FINCH FAMILY PROMISE OF MONROE COUNTY 117 W OAK STREET SPARTA WI 54656 455319621 501(C)(3) 12000 0 START UP OFFICE COSTS FOR JACKSON COUNTY CITY OF BLACK RIVER FALLS - GENERAL FUND 101 S 2ND STREET BLACK RIVER FALLS WI 54615 396005399 501(C)(3) 10573 0 DIRECT DISBURSEMENT TO FIRE DEPARTMENT FROM NEW YORK LIFE INSURANCE IMO ANDY WHALEY HATFIELD FIRE AND RESCUE N9510 COUNTY HWY K MERRILLAN WI 54754 861098605 501(C)(3) 10000 0 WHERE IT IS MOST NEEDED AS DETERMINED BY HATFIELD FIRE & RESCUE DD FROM TIM AND KAY FINCH ST JOHN'S LUTHERAN CHURCH 351 W JEFFERSON BLACK RIVER FALLS WI 54615 391473591 501(C)(3) 8000 0 MATCHING FUNDS FOR DONATIONS RAISED THE MIGHTY TABLE 115 N 5TH STREET BLACK RIVER FALLS WI 54615 390990010 501(C)(3) 7500 0 SUPPLIES NEEDED TO COOK AND DELIVER MEALS ONCE PER WEEK TO FOSTER FAMILIES AND HOMELESS FAMILIES BLACK RIVER AREA CHILD CARE SERVICES 725 8TH STREET BLACK RIVER FALLS WI 54615 391255443 501(C)(3) 5960 0 REMODEL BOYS BATHROOM 15 0 SCHOLARSHIPS 56 99500 PART I, LINE 2: GRANT AWARD AGREEMENT IS SIGNED AT DISTRIBUTION. THE GRANT EVALUATION FORM IS COMPLETED AND RETURNED TO US AT THE TIME PROJECT IS COMPLETED (WITHIN ONE YEAR). VARIOUS TRUSTEES AND COMMUNITY MEMBERS BELONG TO THESE ORGANIZATIONS. WHERE THE GRANT WAS FOR A PHYSICAL OBJECT, SOMEONE LOOKS AT IT AND REPORTS BACK TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES RECEIVE A PRELIMINARY DRAFT OF THE FINANCIAL STATEMENTS AND 990. THE EXECUTIVE DIRECTOR AND TRUSTEES REVIEW THE 990 TO ENSURE THAT IT AGREES TO THE FINANCIAL STATEMENTS. THEY ALSO REVIEW ALL QUESTIONS TO ENSURE THEY ARE ANSWERED PROPERLY. THEN THE 990 IS APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S BOARD OF TRUSTEES REVIEWS AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND ADMINISTRATIVE ASSISTANT ANNUALLY AT THE DECEMBER BOARD MEETING WITHOUT EITHER OF THE INDIVIDUALS IN ATTENDANCE FOR THIS DISCUSSION. IN SETTING THE COMPENSATION LEVEL, THE ORGANIZATION COMPARES COMPENSATION INFORMATION WITH SIMILAR UNRELATED FOUNDATIONS AS NEEDED, PEER GROUPS, LOCAL EMPLOYERS, THE BOARD VOTES ON THE DECISION AND RECORDS IT IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND THE 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.