Thank you!
Together we can do MORE!
|
For the year ending December 31, 2022
Gifts of $100,000 + Anonymous Franciscan Sisters of Perpetual Adoration ORC Sheltered Friends Foundation Gifts of $50,000+ George Family Foundation Great Rivers United Way Gifts of $20,000+ ALM Charities Community Giving Fund of La Crosse Community Foundation Gelatt Siblings Fund of La Crosse Community Foundation Robert & Eleanor Franke Charitable Fund of La Crosse Community Foundation Rudy & Jean Schnurrer Fund of La Crosse Community Foundation Peoples State Bank Wells Fargo Anonymous Richard and Julie Diermeier Gifts of $10,000+ 3M Alliant Energy Foundation Century Foods International Greater Green Bay Community Foundation Truvant Wisconsin Community Action Program Association Anonymous Mark and Jennifer Brumm George and Elizabeth Kruck Gifts of $5,000+ Community Foundation of Southern Wisconsin -Crawford Markets Care Fund Gundersen Health System Mayo Clinic Health System Prairie Motorsports United HealthCare Women's Fund of Greater La Crosse Donald W. and M. Marilyn Anderson Foundation Dr. David Chakoian Allen Lofald |
Gifts of $2,500+
Kwik Trip Sue Anne Gelatt Foundation Hetti Brown Judith Clements Robert Werner Gifts of $1,000+ Bremer Bank Bruce & Mary Novey Charitable Giving Fund Citizens First Bank Festival Foods First Presbyterian Church Frontier Property Management H & N Plumbing and Heating Hofmeister Insurance Agency La Crosse Neighborhood Development Corporation Moen Sheehan Meyer Mutual of America OptumServe Health Services Pete's Hamburger Stand Scenic Rivers Energy Cooperative The Salvation Army of Monroe County The Weber Group Theisen's Walmart Distribution Center Walmart Store 1679 Westby Coon Prairie Church Philip & Kathleen Aaker Scott Chorski - La Crosse Welcome Circle Charles & Teresa Connell David & Julie Dehart James & Ann DeLine Tim & Sue Durtsche Paul Fisher David and Anne Hartberg George and Carmeen Johnston Priscilla Kelley Samantha Lakowski Brian & Nancy Manske - La Crosse Welcome Circle Barbara & Edward Martinez Arlene Smith John Steihl |
Memorials
In Memory of Beverly Morgan D Clifton Ware Every contribution is important to us, and your continued support makes our work possible. Couleecap makes
every effort to ensure accuracy. Please contact Couleecap at 608.424.2532 with any errors or omissions. |
For the year ending December 31, 2022
UNAUDITED
UNAUDITED
SOURCES OF SUPPORT |
|
GRANT REVENUE |
$10,061,914.00 |
PROGRAM SERVICE CONTRIBUTIONS |
$277,551.00 |
CONTRIBUTIONS |
$614,948.00 |
SALE OF PROPERTY |
$220,000.00 |
RETAIL SALES (BARGAIN BOUTIQUE) |
$311,250.00 |
OTHER INCOME |
$438,078.00 |
INCLUDES RENTAL INCOME, PROGRAM AND INTEREST INCOME |
|
TOTAL REVENUE |
$11,923,741.00 |
EXPENDITURES |
|
PROGRAM ACTIVITIES |
|
AFFORDABLE HOUSING, HOME REHABILITATION, & HOME BUYER PROGRAMS |
$1,313,581.00 |
HOUSING & SERVICES TO END HOMELESSNESS |
$1,453,153.00 |
WEATHERIZATION, EMERGENCY FURNACE & ENERGY OR WATER ASSISTANCE |
$3,065,278.00 |
EMERGENCY ASSISTANCE: FOOD, CLOTHING & HOMELESS PREVENTION |
$1,899,080.00 |
BUSINESS & ECONOMIC DEVELOPMENT |
$131,847.00 |
EMPLOYMENT & TRANSPORTATION |
$120,582.00 |
COMMUNITY COLLABORATION PROGRAMMING |
$972,161.00 |
TOTAL PROGRAM ACTIVITIES |
$8,955,682.00 |
MANAGEMENT & GENERAL |
$543,245.00 |
FUNDRAISING |
$65,825.00 |
TOTAL EXPENSES |
$9,564,752.00 |
Value |
|
2022 CHANGE IN NET ASSETS |
$2,358,989.00 |
In order to stay in compliance with Generally Accepted Accounting Principles (GAAP), Couleecap had to record some large entries related to housing development and the purchase of the REACH Center that result in a large increase to net assets for audit purposes.
Per GAAP, Housing Development Expenditures are not recognized until the year the homes are sold; therefore, some revenue is recognized but not the corresponding expense. Per GAAP, if a capital asset/building is purchased using grant funds, the revenue has to be recognized; however, the expense is moved to the balance sheet as a fixed asset to depreciate over the life of that asset.
Per GAAP, Housing Development Expenditures are not recognized until the year the homes are sold; therefore, some revenue is recognized but not the corresponding expense. Per GAAP, if a capital asset/building is purchased using grant funds, the revenue has to be recognized; however, the expense is moved to the balance sheet as a fixed asset to depreciate over the life of that asset.
