Nonprofit · EIN 38-3781089
CAPITOL LAKES FOUNDATION INC
Tax-exempt · MADISON, WI 53703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $546,337 | $850,416 | -$304,079 | $2,241,551 | $60,511 | $2,181,040 |
| September 30, 2024 | 990 | $351,636 | $244,437 | $107,199 | $2,349,045 | $44,805 | $2,304,240 |
| September 30, 2023 | 990 | $350,082 | $240,694 | $109,388 | $1,814,921 | $31,068 | $1,783,853 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $467,521
- Program service revenue
- $0
- Investment income
- $78,816
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $679,941
- Other salaries and wages
- $68,339
- Salaries, compensation and benefits (total)
- $78,604
- Professional fundraising fees
- $0
- Program services (functional)
- $770,521
- Management and general (functional)
- $79,895
Balance sheet and other
- Total assets, start of year
- $2,349,045
- Total assets, end of year
- $2,241,551
- Total liabilities, end of year
- $60,511
- Net assets, end of year
- $2,181,040
- Publicly traded securities
- $2,086,342
- Net assets without donor restrictions
- $1,503,919
- Net assets with donor restrictions
- $677,121
- Gross receipts
- $546,337
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2008
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIM CONROY | ADMINISTRATIVE DIRECTOR Trustee or director | 1 | $0 | $340,440 | $55,051 |
| KRISTIN VATER | SECRETARY Trustee or director, Officer | 1 | $0 | $181,854 | $22,166 |
| DR DIANE FARSETTA | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHERRY LEPAGE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIM POPE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR BARBARA BOWERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FLEMING CRIM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NATASHA KILLIAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NORMA MADSEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR TRACEY SCHROEPFER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIM CONROY | ADMINISTRATIVE DIRECTOR Trustee or director | 1 | $0 | $305,512 | $50,245 |
| KRISTIN VATER | SECRETARY Trustee or director, Officer | 1 | $0 | $174,284 | $19,225 |
| NATASHA KILLIAN | ADMINISTRATIVE DIRECTOR Trustee or director | 1 | $0 | $92,714 | $26,154 |
| CONNIE BAKKER | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR DIANE FARSETTA | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PATRICK CARROLL | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BETSY ABRAMSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JACK BOLZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR BARBARA BOWERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHERRY LEPAGE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NORMA MADSEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM POPE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR TRACEY SCHROEPFER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CAROL TOUSSAINT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIM CONROY | ADMINISTRATIVE DIRECTOR Trustee or director | 1 | $0 | $279,824 | $50,975 |
| KRISTIN VATER | SECRETARY Trustee or director, Officer | 1 | $0 | $154,741 | $25,915 |
| NATASHA KILLIAN | ADMINISTRATIVE DIRECTOR Trustee or director | 1 | $0 | $84,318 | $22,276 |
| CONNIE BAKKER | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR DIANE FARSETTA | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PATRICK CARROLL | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BETSY ABRAMSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JACK BOLZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR BARBARA BOWERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHERRY LEPAGE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NORMA MADSEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM POPE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR TRACEY SCHROEPFER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CAROL TOUSSAINT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 333 WEST MAIN STREET, MADISON, WI 53703-2777
- In care of
- % BETH LORI
- Mailing address (990-N for 2011)
- 965 Ellendale Drive, Medford OR 97504
- Principal officer (990 for 2024)
- DIANE FARSETTA, 1 WEST MAIN SUITE 303, MEDFORD, OR 97501
- Principal officer (990-N for 2011)
- Brian McLemore, 965 Ellendale Drive, Medford OR 97504
- Signed the 990
- DIANE FARSETTA, BOARD CHAIR
- Phone
- (888) 724-6424
- Website
- www.retirement.org
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE CAPITOL LAKES FOUNDATION SEEKS TO SERVE OUR COMMUNITY BY ENRICHING THE QUALITY OF LIFE OF OUR RESIDENTS, PROVIDING PEACE OF MIND TO THEIR FAMILIES, AND SUPPORTING OUR STAFF.
Program accomplishments
- GRANTS AND ALLOCATIONS/OUTLAYS ACCORDING TO DONORS' SPECIFIC REQUESTS.Expenses $770,521 · grants $679,941
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 38-3781089
- 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
- 2009
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $2,241,551
- Income (IRS master file)
- $546,337
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $546,337 | $850,416 | $2,241,551 | XML |
| 990 | September 2024 | $351,636 | $244,437 | $2,349,045 | XML |
| 990 | September 2023 | $350,082 | $240,694 | $1,814,921 | XML |
| 990 | September 2022 | $394,215 | $205,802 | $1,548,094 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Brian McLemore | September 30, 2012 | ≤ $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 38-3781089).
Questions about CAPITOL LAKES FOUNDATION INC
- What is the EIN of CAPITOL LAKES FOUNDATION INC?
- The employer identification number (EIN) of CAPITOL LAKES FOUNDATION INC is 38-3781089.
- Is CAPITOL LAKES FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to CAPITOL LAKES FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAPITOL LAKES 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 CAPITOL LAKES FOUNDATION INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAPITOL LAKES FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of CAPITOL LAKES FOUNDATION INC?
- The 990 for the year ended September 30, 2025 names DIANE FARSETTA.
- Who are the officers and directors of CAPITOL LAKES FOUNDATION INC?
- The 990 for the year ended September 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does CAPITOL LAKES FOUNDATION INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $546,337, expenses of $850,416 and total assets of $2,241,551 at year end.
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