NonprofitsCommunity Property Inc

Community Improvement & Capacity Building

Community Property Inc

WISC RAPIDS, WI

Total revenue

$135K

Total expenses

$169K

Net assets

Grants received

$218K

4 grants

EIN

260425048

Tax year

2024

Mission

Community property, inc. Is organized, and at all times is operated, exclusively for the benefit of, to perform the functions of, and to carry out the purposes of incourage community foundation, inc., a 501(c)(3) nonprofit community foundation which is a values-led, user-centered, place-based philanthropic and community building organization that promotes community-led philanthropy in southern wood county, wisconsin and the surrounding area. It was principally formed to acquire, accept, hold, lease, manage, administer and/or liquidate in an orderly fashion, donations, bequests and property for the benefit and/or purposes of incourage.

Programs

1 program

In a coordinated effort with its supported organization, incourage community foundation, inc. ("incourage"), community property acquired the former daily tribune newspaper and wfhr radio building, a historic local mid-century property located on the banks of the wisconsin river in downtown wisconsin rapids, wisconsin, in december of 2012. The redevelopment of the property (the "tribune") is being informed by incourage's commitment to place-based investing and user-centered decision making for southern wood county's future, whereby incourage has engaged over 2,000 residents in the planning and decision-making process so far. The tribune is being designed to reflect resident priorities and capitalize on community and regional assets. From the beginning, the tribune has been about much more than redeveloping a building. It is a demonstration of a user-centered process toward realizing incourage's vision of partnering with residents, businesses, and civic leaders in rural central wisconsin to co-create an inclusive, adaptive, and sustainable community that works well for all people. The redeveloped facility will be an economic and community hub for southern wood county and central wisconsin, with a particular focus on the needs of rural communities. It will serve as an entrepreneurial support center, a focal point of regional collaboration and innovation, and a dynamic community place for work, play, and commerce. As a recap of the multi-year journey so far, phase one in 2013 and 2014, consisted of four public meetings where everyone in the community was invited to share their ideas for the future use of the space, including encouraging residents to shift their thinking from "me" to "we." phase two in 2014, consisted of seven public meetings whereby the community was invited to participate in activities related to the potential design and sustainability of the facility. Phase three in 2015 and 2016, consisted of ten public meetings in which participants focused on deepening relationships, further defining potential programming within the facility, and developing resident-led fundraising opportunities to help realize the building. In 2017 and 2018 community members explored how similar projects in other regions developed, and fundraising efforts at the state and national level expanded. In 2019, the state of wisconsin department of administration announced a $3 million matching grant opportunity for the tribune's future reconstruction, and incourage and the university of wisconsin-stevens point announced a collaboration to provide expertise for sustainable economic change in central wisconsin. During 2020 to 2022 collaborations with key stakeholders in regional economic transformation and growth continued despite the challenges presented by covid interruptions to business as usual. A feasibility study initiated in late 2022 and completed in 2023 indicated promising opportunities for including public market type approaches. The preparation of a comprehensive business plan was initiated in early 2024 and is being completed in 2025 in support of realizing the full potential of this important community asset that will prioritize end-use ideas that will celebrate local assets, connect residents, and act as a catalyst for future downtown development. At its core, the tribune will be a true community social enterprise focused on cultivating entrepreneurs and growing a sustainable local economy. To learn more, visit incouragecf.org/tribune/ and form 990 for incourage community foundation, inc.since its purchase, the property has been maintained in a holding pattern awaiting redevelopment and has been utilized occasionally for tours and activities like having served in prior years as a central coordination point for incourage's community picnic and hosting tribune "teasers", which are mini demonstration versions of the types of activities that will one day happen at the fully redeveloped tribune. In the later part of 2015, the state of wisconsin approved redevelopment plans for the property improvements and select interior remediation and demolition was undertaken. Fund development continues toward realizing the complete renovation of the property into a vibrant community asset.

Expenses: $78K

Financials

FY 2024

Revenue

Contributions & grants$58K
Program service revenue$77K
Investment income
Other revenue
Total revenue$135K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$169K
Total expenses$169K
Total assets$2.7M
Net assets

People

3 listed

NameRoleCompensation

DALE BIKOWSKI

DIRECTOR/CHAIRMAN

Board

1 hrs/wk

DAWN NEUMAN

DIRECTOR/TREASURER

Board

2 hrs/wk

KRISTIE RAUTER-EGGE

DIRECTOR/SECRETARY

Board

1 hrs/wk

Grants received

Showing 4 of 4

FromAmountPurposeYear
$58K
GENERAL & PROGRAM RELATED SUPPORT
2024
$55K
GENERAL & PROGRAM RELATED SUPPORT
2023
$50K
GENERAL & PROGRAM RELATED SUPPORT
2022
$55K
GENERAL & PROGRAM RELATED SUPPORT
2020

Funded by

$218K from 1 funder · 4 grants · 2020–2024

Incourage Community Foundation Inc

$218K · 4 grants · 2020–2024

Details

EIN260425048
NTEE codeS11
Subsection03
Ruling date2008-05
Formed2007
Employees0
Volunteers4
COMMUNITY PROPERTY INC — Mission, Financials & Grants Received | Grantivo