Nonprofit · EIN 39-1412320
CAPITOL LAKES INC
Tax-exempt · MADISON, WI 53703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $25,131,752 | $25,851,646 | -$719,894 | $44,917,925 | $100,655,799 | -$55,737,874 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $1,259,541
- Program service revenue
- $23,305,426
- Investment income
- $434,878
- Net gain from sales of assets
- -$25,345
- Other revenue
- $131,907
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $440,411
- Other salaries and wages
- $9,520,763
- Salaries, compensation and benefits (total)
- $12,586,031
- Professional fundraising fees
- $0
- Accounting fees
- $27,081
- Occupancy
- $1,536,674
- Travel
- $86,849
- Depreciation
- $2,054,621
- Program services (functional)
- $21,006,235
- Management and general (functional)
- $4,845,411
Balance sheet and other
- Total assets, start of year
- $41,253,478
- Total assets, end of year
- $44,917,925
- Total liabilities, end of year
- $100,655,799
- Net assets, end of year
- -$55,737,874
- Land, buildings and equipment
- $29,780,777
- Publicly traded securities
- $6,256,303
- Net assets without donor restrictions
- -$56,327,055
- Net assets with donor restrictions
- $589,181
- Gross receipts
- $25,157,097
- Employees
- 413
- Volunteers
- 50
- Year formed
- 1990
- 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 | Other / benefits |
|---|---|---|---|---|
| TIM CONROY | EXECUTIVE DIRECTOR Key employee | 39 | $340,440 | $55,051 |
| KRISTIN VATER | HEALTH CENTER ADMINISTRATOR Highest-paid employee | 39 | $181,854 | $22,166 |
| HOLLY JOHNSON | SALES DIRECTOR Highest-paid employee | 40 | $151,254 | $28,160 |
| STEVEN MELLSTROM | HUMAN RESOURCES DIRECTOR Highest-paid employee | 40 | $138,655 | $27,013 |
| REBECCA WYLESKY-DURST | HC DIRECTOR NURSING Highest-paid employee | 40 | $146,115 | $17,577 |
| DANIEL HARVEY | FACILITY SERVICES DIRECTOR Highest-paid employee | 40 | $128,920 | $26,384 |
| SUE CENTER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CLAY NORRBOM | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SALLY DREW | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| STEVE JOHANNSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HARRY PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 333 WEST MAIN STREET, MADISON, WI 53703-2777
- In care of
- % TIMOTHY J CONROY
- Principal officer (990 for 2024)
- STEVE JOHANNSEN, 1 WEST MAIN SUITE 303, MEDFORD, OR 97501
- Signed the 990
- TIM CONROY, EXECUTIVE DIRECTOR
- Phone
- (888) 724-6424
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
CAPITOL LAKES IS A PREMIER CONTINUING CARE RETIREMENT COMMUNITY DEDICATED TO ENRICHING LIVES.
Program accomplishments
- CAPITOL LAKES IS A CONTINUING CARE RETIREMENT COMMUNITY, DEDICATED TO ENHANCING OUR RESIDENTS' QUALITY OF LIFE IN A STIMULATING, SECURE ENVIRONMENT. WE PROVIDE HIGH-QUALITY SERVICES INCLUDING HOUSING, NUTRITIOUS MEALS, NURSING, HOUSEKEEPING, MAINTENANCE, AND OTHER SUPPORT TO THOSE WE SERVE. OUR LEVELS OF SERVICE INCLUDE INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING.Expenses $21,006,235 · revenue $23,305,426
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 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 39-1412320
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P750)
- Assets (IRS master file)
- $44,917,925
- Income (IRS master file)
- $25,157,097
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | – | – | – | IRS |
| 990 | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $21,802,691 | $24,508,647 | $41,854,865 | IRS |
| 990 | September 2022 | $33,889,765 | $24,984,592 | $43,546,740 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about CAPITOL LAKES INC
- What is the EIN of CAPITOL LAKES INC?
- The employer identification number (EIN) of CAPITOL LAKES INC is 39-1412320.
- Is CAPITOL LAKES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to CAPITOL LAKES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAPITOL LAKES 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 INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAPITOL LAKES 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 INC?
- The 990 for the year ended September 30, 2025 names STEVE JOHANNSEN.
- Who are the officers and directors of CAPITOL LAKES INC?
- The 990 for the year ended September 30, 2025 lists 11 people; 6 received compensation from the organization, the highest $340,440 (TIM CONROY, EXECUTIVE DIRECTOR).
- How much revenue does CAPITOL LAKES INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $25,131,752, expenses of $25,851,646 and total assets of $44,917,925 at year end.
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