Nonprofit · EIN 20-1161841
FAIRWAY FOUNDATION INC
Tax-exempt · MADISON, WI 53718
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,197,165 | $623,295 | $573,870 | $1,829,397 | $135,226 | $1,694,171 |
| December 31, 2023 | 990 | $124,603 | $189,089 | -$64,486 | $1,327,573 | $207,272 | $1,120,301 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,128,815
- Program service revenue
- $0
- Investment income
- $68,350
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $618,613
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,574
- Program services (functional)
- $618,613
- Management and general (functional)
- $4,682
Balance sheet and other
- Total assets, start of year
- $1,327,573
- Total assets, end of year
- $1,829,397
- Total liabilities, end of year
- $135,226
- Net assets, end of year
- $1,694,171
- Net assets without donor restrictions
- $78,479
- Net assets with donor restrictions
- $1,615,692
- Gross receipts
- $1,197,165
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2004
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVEN JACOBSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| TODD GAVINSKI | TREASURER Trustee or director, Officer | 1 | $0 |
| JULIE FRY | SECRETARY (BEGAN APRIL) Trustee or director, Officer | 1 | $0 |
| LEONARD KRUPINSKI | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| PAULA WILCOX | SECRETARY (THRU APRIL) Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVEN JACOBSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| TODD GAVINSKI | TREASURER Trustee or director, Officer | 1 | $0 |
| PAULA WILCOX | SECRETARY Trustee or director, Officer | 1 | $0 |
| LEONARD KRUPINSKI | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4750 S BILTMORE LN, MADISON, WI 53718-2106
- In care of
- % FAIRWAY INDEPENDENT MORTGAGE CORP
- Mailing address (990-N for 2014)
- 4801 S Biltmore Lane, Madison WI 53718
- Principal officer (990 for 2024)
- STEVEN JACOBSON, 4750 S BILTMORE LN, MADISON, WI 53718
- Principal officer (990-N for 2014)
- Steve Jacobson, 4801 S Biltmore Lane, Madison WI 53718
- Signed the 990
- TODD GAVINSKI, TREASURER
- Phone
- (866) 912-4800
- Return prepared by
- WEGNER CPAS LLP
Mission
BESTOW GRANTS TO INDIVIDUALS, FAMILIES OR ORGANIZATIONS IN NEED.
Program accomplishments
- FAIRWAY FOUNDATION, INC. BESTOWS GRANTS TO INDIVIDUALS, FAMILIES, OR ORGANIZATIONS IN NEED. THIS CAN INCLUDE, BUT IS NOT LIMITED TO, FINANCIAL ASSISTANCE FOR THOSE STRUGGLING DUE TO LOSS OF INCOME AND NECESSITIES.Expenses $618,613 · grants $618,613
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1161841
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P60)
- Assets (IRS master file)
- $1,829,397
- Income (IRS master file)
- $1,197,165
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,197,165 | $623,295 | $1,829,397 | XML |
| 990 | December 2023 | $124,603 | $189,089 | $1,327,573 | XML |
| 990 | December 2022 | $100,550 | $197,795 | $1,342,812 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2014 Officer: Steve Jacobson | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1161841).
Questions about FAIRWAY FOUNDATION INC
- What is the EIN of FAIRWAY FOUNDATION INC?
- The employer identification number (EIN) of FAIRWAY FOUNDATION INC is 20-1161841.
- Is FAIRWAY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to FAIRWAY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAIRWAY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FAIRWAY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FAIRWAY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FAIRWAY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names STEVEN JACOBSON.
- Who are the officers and directors of FAIRWAY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does FAIRWAY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,197,165, expenses of $623,295 and total assets of $1,829,397 at year end.
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