Capitol Lakes Foundation Inc
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.
Capitol Lakes Foundation Inc at a glance
In short: Capitol Lakes Foundation Inc gave $680K across 1 grant in 2025 (avg $680K), mostly in Wisconsin. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $679,941
- +562.2% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $679,941
- +562.2% vs 2024
- Median grant
- $679,941
- Total assets
- $2,241,551
- -4.6% vs 2024
- Primary geography
- Wisconsin (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Capitol Lakes Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Capitol Lakes Inc ($680K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $50–100K range: 2 grants of 6 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Capitol Lakes Foundation Inc gives
- Giving grew 912% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $59K (2019) to $680K (2025). In 2025 it made 1 grant totaling $680K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Capitol Lakes Inc Madison, WI | Resident assistance, deck expansion, dining soundproofing & post-acute care education | $679,941 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,241,551 | $546,337 | $850,416 | $679,941 | 1 | $78,816 |
| 2024 | $2,349,045 | $351,636 | $244,437 | $102,674 | 1 | $47,174 |
| 2023 | $1,814,921 | $350,082 | $240,694 | $119,414 | 2 | $86,640 |
| 2022 | $1,548,094 | $394,215 | $205,802 | $67,200 | 1 | $107,343 |
| 2021 | $1,775,645 | $318,064 | $196,932 | $66,000 | 1 | $71,489 |
| 2020 | $1,360,233 | $157,652 | $197,215 | $60,000 | 1 | $8,859 |
| 2019 | $1,294,398 | $143,099 | $168,960 | $59,231 | 1 | $12,462 |
About Capitol Lakes Foundation Inc
Based on IRS filings
Capitol Lakes Foundation Inc is a public charity focused on Housing & Shelter, based in Madison, WI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.2M in total assets. In 2025, it awarded 1 grant totaling $680K. Net investment income was $79K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Capitol Lakes Foundation Inc is led by Diane Farsetta, Chair since 2025 (on filings since 2020); none of the 10 officers listed in 2025 report compensation.
Officers on the 2025 filing
Diane Farsetta
Chair
Director → Vice Chair, 2022
Vice Chair → Chair, 2025
On filings since 2020
1 hr/week
No compensation reported
Natasha Killian
Director
Director & Administrative → Administrative Director, 2023
Administrative Director → Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Tim Conroy
Administrative Director
Director & Administrative → Administrative Director, 2023
On filings since 2019
1 hr/week
No compensation reported
Barbara Bowers
Director
On filings since 2020
1 hr/week
No compensation reported
Norma Madsen
Director
On filings since 2021
1 hr/week
No compensation reported
Tracey Schroepfer
Director
On filings since 2022
1 hr/week
No compensation reported
Fleming Crim
Director
New on the 2025 filing
1 hr/week
No compensation reported
Kristin Vater
Secretary
Vice Chair → Secretary, 2022
On filings since 2019
1 hr/week
No compensation reported
Jim Pope
Treasurer
Director → Treasurer, 2025
On filings since 2023
1 hr/week
No compensation reported
Sherry Lepage
Vice Chair
Director → Vice Chair, 2025
On filings since 2023
1 hr/week
No compensation reported
Former officers (11)
- Former: Carol Toussaint (2019–2024) — Director
- Former: Connie Bakker (2019–2024) — Chair
- Former: Jack Bolz (2019–2024) — Director
- Former: Patrick Carroll (2019–2024) — Treasurer
- Former: Betsy Abramson (2020–2024) — Director
- Former: Marjorie Tobias (2022) — Director
- Former: Marge Tobias (2019–2021) — Director
- Former: Paul Hees (2019–2021) — Director
- Former: Steve Johannsen (2019–2021) — Chair
- Former: Don Snyder (2019–2020) — Secretary
- Former: Kate Prehn (2019–2020) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Capitol Lakes Foundation Inc
How much does Capitol Lakes Foundation Inc give each year?
Capitol Lakes Foundation Inc gave $680K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $103K across 1 grant.
How large is Capitol Lakes Foundation Inc?
Capitol Lakes Foundation Inc reported $2.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $546K.
What is Capitol Lakes Foundation Inc?
Capitol Lakes Foundation Inc is a public charity focused on Housing & Shelter, based in Madison, WI. It holds $2.2M in total assets as of 2025.
Where does Capitol Lakes Foundation Inc operate?
Capitol Lakes Foundation Inc has awarded grants in Wisconsin.
What is Capitol Lakes Foundation Inc's EIN?
Capitol Lakes Foundation Inc's EIN (Employer Identification Number) is 38-3781089. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS August 14, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS March 30, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 12, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS August 14, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS August 13, 2026)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Capitol Lakes Foundation Inc funds
Housing & Shelter Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Capitol Lakes Foundation Inc's focus areas in our free grants database
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Figures come from Capitol Lakes Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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