Capitol Lakes Foundation Inc logo

Capitol Lakes Foundation Inc

Public charity · Grantmaker Madison, WI EIN: 38-3781089 Website

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.

Key facts about Capitol Lakes Foundation Inc

In short: Capitol Lakes Foundation Inc gave $680K across 1 grant in 2025 (avg $680K), mostly in Wisconsin. Source: 2025 IRS Form 990.

EIN
38-3781089
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$679,941
Grants made (2025)
1
Average grant
$679,941
Median grant
$679,941
Total assets
$2,241,551
Primary geography
Wisconsin (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$2.2M

-4.6% YoY

Annual Giving

$680K

+562.2% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$680K

+562.2% YoY

How Capitol Lakes Foundation Inc gives

  • Giving grew 912% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Madison

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K1 grant2019 1 grant2020 1 grant2021 1 grant2022 2 grants2023 1 grant2024 1 grant2025

From 2019 to 2025, annual grant giving ranged from $59K (2019) to $680K (2025). In 2025 it made 1 grant totaling $680K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Capitol Lakes Inc: $680KCapitol Lakes Inc$680K

The largest 2025 recipient was Capitol Lakes Inc ($680K).

Grant Size Distribution

6 grants across all recorded years

1<$50K2$50–100K2$100–250K$250–500K1$500K–1M$1–5M$5M+

The most common grant size was in the $50–100K range: 2 grants of 6 (33%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Capitol Lakes Inc Madison, WIResident assistance, deck expansion, dining soundproofing & post-acute care education$679,941

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$250K$500K$750K$1M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$2,241,551$2,349,045$1,814,921
Revenue$546,337$351,636$350,082
Expenses$850,416$244,437$240,694
Net Investment Income$78,816$47,174$86,640

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2019 (received by the IRS August 14, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS March 30, 2021)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS August 12, 2022)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS August 15, 2023)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS August 13, 2024)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS August 14, 2025)
  7. Added Form 990 for fiscal year 2025 (received by the IRS August 13, 2026)
  8. IRS filings on file for fiscal years 2019–2024

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.

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