2015 Year-In-Review

Board Members:

  1. Julia Salzman – President
  2. Steve Raether – Vice President
  3.  Hal Osborn – Secretary
  4.  Ryan Kennedy – Treasurer
  5. Kathe Breitenfeldt – Director

Total Donated: $130,112

Top 10 Donations:

  1. Wausau School District - $18,975
  2. NTC Foundation - $15,150
  3. American Cancer Society - $10,000
  4. DC Everest Public Schools - $10,000
  5. Worldwide Foundation of CU’s - $10,000
  6.  Aspirus Health Foundation - $5,300
  7. University Wisconsin – Marathon County - $5,000
  8. Filene - $4,999
  9. Greenpath - $4,848
  10. Marathon County Headstart - $4,500

Notes:

Rebecca Shemenauer’s term ended at the conclusion of 2014 so Julia Salzman moved into the role of President. Rebecca was replaced by Kathe Breitenfeldt, an employee of Northcentral Technical College who had numerous years of experience on non-profit boards of directors.

In 2015 the Board also made the decision to begin diversifying its assets among numerous financial institutions. The account utilized since inception grew to house more than the insured amount of $250,000. For this reason the Board analyzed rates in FI’s around the area and decided to begin laddering certificates of deposit at AbbyBank. A six month CD for $100,000 was opened, along with a 12 month CD for $150,000.

The Association ended 2015 with assets (cash) totaling $511,507.25. This represents an increase of $146,134.57 over the previous year-end.