Incrediblebank Foundation Inc

Foundation · Grantmaker Wausau, WI EIN: 81-1465995 Website

IncredibleBank Foundation Inc is a corporate foundation based in Wausau, Wisconsin, established in 2016. As a company-sponsored foundation, it operates as a 501(c)(3) private grantmaking organization with a mission to support community development and nonprofit agencies serving vulnerable populations in its service areas.

Key facts about Incrediblebank Foundation Inc

EIN: 81-1465995
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $376,172
Grants made (2024): 29
Average grant: $12,971
Median grant: $9,000
New grantees (estimate): 30% first-time grantees (8 of 27, 2024)
Total assets: $143,015
Primary geography: Wisconsin (91% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who Incrediblebank Foundation Inc funds

By grant dollars, the top recipient states for Incrediblebank Foundation Inc's 29 itemized 2024 grants were Wisconsin (91%) and Michigan (6%). The most frequent recipient cities were Wausau, WI (12 grants), Milwaukee, WI (2 grants), Madison, WI (2 grants) and Tomahawk, WI (2 grants). 10% of grants with a stated purpose were for general or operating support.

Is Incrediblebank Foundation Inc open to new grantees?

30%

first-time grantees, 2024

In 2024, 8 of 27 grantees (30%) were first-time recipients. First grants averaged $11K; repeat grants $15K. How we count

Medians: $6K first-time, $10K repeat.

67% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (−9%). Method
In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with Incrediblebank Foundation Inc

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$143K

+18.2% YoY

Annual Giving

$376K

-7.6% YoY

Grant Count

-14.7% YoY

Avg Grant Size

$13K

+8.3% YoY

Under IRS private-foundation payout rules, Incrediblebank Foundation Inc reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation supports organizations involved with:

Education
Health
Hunger and food security
Human services
Community and economic development

The foundation emphasizes capital campaigns, general donations, scholarships, and food pantry support. It also supports United Way programming related to health, education, and income.

Grantmaking

The foundation made 35 grants in 2024. Typical grant awards range from $500 to $83,334.

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in:

Wisconsin (primary focus)
Michigan
Florida

Specific communities served include Wausau, Schofield, Minocqua, Eagle River, Tomahawk, Houghton, Madison, and Merrill in Wisconsin, as well as Cape Coral, Florida.

Grant Distribution by State

Wisconsin $343K (91%)

Michigan $23K (6%)

Florida $10K (3%)

Share of all 29 itemized 2024 grant dollars.

States

Florida Iowa Michigan Wisconsin

Cities

WausauMerrillMarquetteTomahawkMilwaukeeMinocquaCalumetCamp DouglasDepereIron MountainEagle RiverSchofieldRhinelanderRothschildCape CoralMadisonManitowish WatersPloverWestonBoone

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total Assets: $143,015
Total Revenues: $402,000
Total Expenses: $380,022
Total Liabilities: $0

As of 2023:

Total Assets: $121,000
Total Revenues: $424,000
Total Expenses: $411,000

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$143,015	$121,037	$107,629
Revenue	$402,000	$424,000	$425,200
Expenses	$380,022	$410,592	$416,944
Qualifying Distributions	$380,022	$410,592	$416,944
Net Investment Income	—	—	—
Distributable Amount	$18,074	$13,144	$13,028

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

172 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Farming for the Future Foundation Inc ($83,333), The Center for Black Excellence and Culture ($35,000 across 2 grants), Howard Young Foundation Inc ($34,000).

Recipient	Purpose	Amount
FARMING FOR THE FUTURE FOUNDATION INC Plover, WI	FOOD + FARM EXPLORATION CENTER CAPITAL CAMPAIGN	$83,333
HOWARD YOUNG FOUNDATION INC Minocqua, WI	SEASON OF LIFE GARDEN FUND AND LAKELAND STAR FUNDRAISER	$34,000
DC EVEREST EDUCATION FOUNDATION Schofield, WI	GREENHECK TURNER COMMUNITY CENTER	$33,333
MEDICAL COLLEGE OF WISCONSIN Milwaukee, WI	ENDOWED SCHOLARSHIP FOR CENTRAL WISCONSIN CAMPUS	$20,000
SCHOOL DISTRICT OF TOMAHAWK Tomahawk, WI	FOOTBALL STADIUM REBUILD	$20,000
THE CENTER FOR BLACK EXCELLENCE AND CULTURE Madison, WI	CAPITAL CAMPAIGN	$20,000
PUBLIC SCHOOLS OF CALUMET LAURIUM & KEWEENAW Calumet, MI	SCOREBOARD	$18,000
MARQUETTE UNIVERSITY Milwaukee, WI	E-LEAD PROGRAM	$15,000
PERFORMING ARTS FOUNDATION Wausau, WI	BROADWAY SERIES	$15,000
THE CENTER FOR BLACK EXCELLENCE AND CULTURE Madison, WI	CONSTRUCTION CAMERA	$15,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Greg Nicklaus	President	1	—
Todd Nicklaus	Vice President and Treasurer	1	—
Todd Nagel	Secretary	1	—
Michael Nicklaus	Director	0.5	—
Tanner Nicklaus	Director	0.5	—

Recent News & Activity

Recent developments and announcements

2024

The foundation has demonstrated active grantmaking in 2024-2025, including:

2025

Supporting The Hagar House's expansion of safe parking and transitional housing for single mothers facing homelessness (2025)

2024

Awarding $18,000 to CLK schools for scoreboard replacement (2024)

IncredibleBank Foundation awards $18K grant to CLK schools for scoreboard

Donating $75,000 to promote broadband expansion in service areas

IncredibleBank donates $7,5000 to promote broadband expansion - Vilas County

Partnering with Feeding America to address hunger in communities

Contact Information

Address: 327 N 17th Ave, Wausau, WI 54401-4225

Phone: 715-348-1459

Website: www.incrediblebank.com

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Incrediblebank Foundation Inc fund?

The foundation supports organizations involved with: • Education • Health • Hunger and food security • Human services • Community and economic development The foundation emphasizes capital campaigns, general donations, scholarships, and food pantry support. It also supports United Way programming related to health, education, and income.

How do I apply for a grant from Incrediblebank Foundation Inc?

**Grant Activity:** The foundation made 35 grants in 2024. Typical grant awards range from $500 to $83,334. **Recent Notable Grants (2024-2025):** • Farming for the Future Foundation: $83,333 (Food + Farm Exploration Center Capital Campaign) • DC Everest Education Foundation: $33,333 (Greenheck Turner Community Center) • Howard Young Foundation: $34,000 (Season of Life Garden Fund and Lakeland Star Fundraiser) • The Hagar House: $25,000 (2025, safe parking and transitional housing for single mo…

Where does Incrediblebank Foundation Inc make grants?

The foundation primarily funds organizations in: • Wisconsin (primary focus) • Michigan • Florida Specific communities served include Wausau, Schofield, Minocqua, Eagle River, Tomahawk, Houghton, Madison, and Merrill in Wisconsin, as well as Cape Coral, Florida.

What size grants does Incrediblebank Foundation Inc award?

In 2024, Incrediblebank Foundation Inc awarded 29 grants totaling $376K — an average of about $13K per grant, based on its IRS Form 990 filings.

How much is Incrediblebank Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Incrediblebank Foundation Inc reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.