Nonprofit · EIN 39-6096593
CHIPSTONE FOUNDATION
Tax-exempt · MILWAUKEE, WI 53202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $11,948,482 | $5,409,538 | $6,538,944 | $75,707,582 | $0 | $75,707,582 |
| December 31, 2023 | 990-PF | $4,627,014 | $5,452,362 | -$825,348 | $70,864,524 | $0 | $70,864,524 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,410
- Dividends
- $2,240,738
- Net gain from sales of assets
- $6,616,878
- Other income
- $3,086,456
Expenses
- Grants and similar amounts paid
- $424,859
- Compensation of officers, directors and key employees
- $1,186,735
- Salaries, compensation and benefits (total)
- $374,905
- Disbursements for charitable purposes
- $4,037,355
- Excise tax on investment income
- $131,114
Balance sheet and other
- Total assets, start of year
- $70,864,524
- Total assets, end of year
- $75,707,582
- Total liabilities, end of year
- $0
- Net assets, end of year
- $75,707,582
- Fair market value of assets
- $104,278,897
- Qualifying distributions
- $5,692,156
- Net investment income
- $10,643,994
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| W DAVID KNOX II 750 N LINCOLN MEMORIAL DRIVE, SUITE 405, MILWAUKEE, WI 53202 | CHAIR, PRES(CEO), TREAS, DIR | 55 | $605,706 | $110,198 |
| JONATHAN PROWN C/O CHIPSTONE FOUNDATION, 7820 N CLUB CIRCLE, FOX POINT, WI 53217 | EXECUTIVE DIR & CHIEF CURATOR | 55 | $287,810 | $118,921 |
| JACQUELYN A SARICH 750 N LINCOLN MEMORIAL DRIVE, SUITE 405, MILWAUKEE, WI 53202 | OFF ADM, VP ADMIN & ASST SEC | 40 | $134,983 | $49,183 |
| JUAN RUIZ 7820 N CLUB CIRCLE, FOX POINT, WI 53217 | VP,MANAGER FACILITIES, GROUNDS | 40 | $85,736 | $25,448 |
| CHRISTINA BERTOTTO FORMER 750 NORTH LINCOLN MEMORIAL DR, MILWAUKEE, WI 53202 | EXEC ASST, OFF MGR Highest-paid employee | 40 | $71,987 | $26,952 |
| ROSE RABIATO CAMARA 7820 N CLUB CIRCLE, FOX POINT, WI 53217 | ASSISTANT CURATOR Highest-paid employee | 40 | $59,384 | $19,860 |
| TINA SCHINABECK 7820 N CLUB CIRCLE, FOX POINT, WI 53217 | REGISTRAR Highest-paid employee | 40 | $58,914 | $23,033 |
| STEVE WALLSCHLAEGER 7820 N CLUB CIRCLE, FOX POINT, WI 53217 | GROUNDS/MAINTENANCE Highest-paid employee | 40 | $58,843 | $29,631 |
| L ELIZABETH DUNN C/O GLENORA COMPANY, 1249 N FRANKLIN PL STE 100, MILWAUKEE, WI 53202 | SECRETARY, ASST TREASURER | 3 | $15,000 | $0 |
| JOHN S MCGREGOR C/O CHIPSTONE FOUNDATION, 750 N LINCOLN MEMORIAL DRIVE, MILWAUKEE, WI 53202 | DIRECTOR, CHAIR COMP COMM | 3 | $12,500 | $0 |
| EDWARD S COOKE JR C/O CHIPSTONE FOUNDATION, 750 N LINCOLN MEMORIAL DRIVE, MILWAUKEE, WI 53202 | DIRECTOR | 2 | $7,500 | $0 |
| TED D KELLNER C/O CHIPSTONE FOUNDATION, 750 N LINCOLN MEMORIAL DRIVE, MILWAUKEE, WI 53202 | VICE CHAIRMAN, DIRECTOR | 2 | $7,500 | $0 |
| PETER M KENNY C/O CHIPSTONE FOUNDATION, 750 N LINCOLN MEMORIAL DRIVE, MILWAUKEE, WI 53202 | DIRECTOR | 2 | $7,500 | $0 |
| GUSTAVUS F TAYLOR C/O CHIPSTONE FOUNDATION, 750 N LINCOLN MEMORIAL DRIVE, MILWAUKEE, WI 53202 | DIRECTOR | 2 | $7,500 | $0 |
| KAYWIN FELDMAN C/O CHIPSTONE FOUNDATION, 750 N LINCOLN MEMORIAL DRIVE, MILWAUKEE, WI 53202 | DIRECTOR | 2 | $7,500 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL W HATCH C/O CHIPSTONE FOUNDATION, 750 N LINCOLN MEMORIAL DRIVE, MILWAUKEE, WI 53202 | DIRECTOR | 2 | $7,500 |
| CHARLES F HUMMEL C/O CHIPSTONE FOUNDATION, 750 N LINCOLN MEMORIAL DRIVE, MILWAUKEE, WI 53202 | DIRECTOR(emeritus as of Jun23) | 1 | $0 |
| C D DICKERSON III 777 E WISCONSIN AVE, MILWAUKEE, WI 532025306 | DIRECTOR | 2 | $0 |
990-PF for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| W DAVID KNOX II 750 N LINCOLN MEMORIAL DRIVE, SUITE 405, MILWAUKEE, WI 53202 | CHAIR, PRES(CEO), TREAS, DIR | 55 | $585,827 | $99,190 |
| JONATHAN PROWN C/O CHIPSTONE FOUNDATION, 7820 N CLUB CIRCLE, FOX POINT, WI 53217 | EXECUTIVE DIR & CHIEF CURATOR | 55 | $278,440 | $116,668 |
| JACQUELYN A SARICH 750 N LINCOLN MEMORIAL DRIVE, SUITE 405, MILWAUKEE, WI 53202 | OFF ADM, VP ADMIN & ASST SEC | 40 | $136,242 | $39,558 |
| JUAN RUIZ 7820 N CLUB CIRCLE, FOX POINT, WI 53217 | VP,MANAGER FACILITIES, GROUNDS | 40 | $74,936 | $24,858 |
| REBECCA DIBBLE 750 N LINCOLN MEMORIAL DR, MILWAUKEE, WI 53202 | CURATOR Highest-paid employee | 40 | $70,731 | $26,494 |
| STEVE WALSCHLAEGER 7820 N CLUB CIRCLE, FOX POINT, WI 53217 | CARETAKER Highest-paid employee | 40 | $56,614 | $31,872 |
| TINA SCHINABECK 750 N LINCOLN MEMORIAL DR, MILWAUKEE, WI 53202 | REGISTRAR Highest-paid employee | 40 | $53,764 | $21,235 |
| ROSE R M CAMERA 750 N LINCOLN MEMORIAL DR, MILWAUKEE, WI 53202 | CURATORIAL FELLOW Highest-paid employee | 40 | $52,342 | $15,293 |
| L ELIZABETH DUNN C/O GLENORA COMPANY, 1249 N FRANKLIN PL STE 100, MILWAUKEE, WI 53202 | SECRETARY, ASST TREASURER | 3 | $10,000 | $0 |
| JOHN S MCGREGOR C/O CHIPSTONE FOUNDATION, 750 N LINCOLN MEMORIAL DRIVE, MILWAUKEE, WI 53202 | DIRECTOR | 3 | $7,500 | $0 |
| EDWARD S COOKE JR C/O CHIPSTONE FOUNDATION, 750 N LINCOLN MEMORIAL DRIVE, MILWAUKEE, WI 53202 | DIRECTOR | 2 | $7,500 | $0 |
| TED D KELLNER C/O CHIPSTONE FOUNDATION, 750 N LINCOLN MEMORIAL DRIVE, MILWAUKEE, WI 53202 | VICE CHAIRMAN, DIRECTOR | 2 | $7,500 | $0 |
| PETER M KENNY C/O CHIPSTONE FOUNDATION, 750 N LINCOLN MEMORIAL DRIVE, MILWAUKEE, WI 53202 | DIRECTOR | 2 | $7,500 | $0 |
| GUSTAVUS F TAYLOR C/O CHIPSTONE FOUNDATION, 750 N LINCOLN MEMORIAL DRIVE, MILWAUKEE, WI 53202 | DIRECTOR | 2 | $7,500 | $0 |
| KAYWIN FELDMAN C/O CHIPSTONE FOUNDATION, 750 N LINCOLN MEMORIAL DRIVE, MILWAUKEE, WI 53202 | DIRECTOR | 2 | $7,500 | $0 |
| MICHAEL W HATCH C/O CHIPSTONE FOUNDATION, 750 N LINCOLN MEMORIAL DRIVE, MILWAUKEE, WI 53202 | DIRECTOR | 2 | $7,500 | $0 |
| CHARLES F HUMMEL C/O CHIPSTONE FOUNDATION, 750 N LINCOLN MEMORIAL DRIVE, MILWAUKEE, WI 53202 | DIRECTOR(emeritus as of Jun23) | 1.5 | $3,750 | $0 |
| C D DICKERSON III 777 E WISCONSIN AVE, MILWAUKEE, WI 532025306 | DIRECTOR | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1249 N FRANKLIN PL STE 100, MILWAUKEE, WI 53202-3392
- In care of
- % W DAVID KNOX II
- Signed the 990-PF
- ELIZABETH DUNN, SECRETARY
- Phone
- (414) 220-4321
- Website
- WWW.CHIPSTONE.ORG
- Return prepared by
- FOLEY & LARDNER LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 39-6096593
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 1967
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $75,707,582
- Income (IRS master file)
- $17,684,916
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $11,948,482 | $5,409,538 | $75,707,582 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $4,627,014 | $5,452,362 | $70,864,524 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
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 39-6096593).
Questions about CHIPSTONE FOUNDATION
- What is the EIN of CHIPSTONE FOUNDATION?
- The employer identification number (EIN) of CHIPSTONE FOUNDATION is 39-6096593.
- Is CHIPSTONE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1967.
- Are donations to CHIPSTONE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does CHIPSTONE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CHIPSTONE FOUNDATION 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 CHIPSTONE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of CHIPSTONE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 18 people; 16 received compensation from the organization, the highest $605,706 (W DAVID KNOX II, CHAIR, PRES(CEO), TREAS, DIR).
- How much revenue does CHIPSTONE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $11,948,482, expenses of $5,409,538 and total assets of $75,707,582 at year end.
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