Wisconsin Lumber Dealers Education Foundation Inc
- Assets
- $1.7m
- Revenue
- $29.5k
- Investments
- $28.4k
- Employees
- 1
- Location
- Hartland, WI
- Founding
- 12/2012
- Data as of
- 12/2022
- EIN
- 27-1136786
Organization Overview
Wisconsin Lumber Dealers Education Foundation Inc is located in Hartland, WI. The organization was established in 2012. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Lumber Dealers Education Foundation Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Wisconsin Lumber Dealers Education Foundation Inc generated $29.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $84.0k during the year ending 12/2022. While expenses have increased by 5.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WISCONSIN LUMBER DEALERS EDUCATION FOUNDATION (WLDEF) IS A NON-PROFIT CORPORATION WHICH WAS CREATED AND SHALL BE OPERATED TO SUPPORT AND PROMOTE THE RETAIL LUMBER INDUSTRY IN WISCONSIN AND THE MICHIGAN UPPER PENINSULA. THE WLDEF WILL SUPPORT PROFESSIONAL EDUCATION AND TRAINING TO CURRENT WISCONSIN AND UPPER MICHIGAN BASED MEMBERS. THE WLDEF WILL SUPPORT ATTENDANCE AT EDUCATIONAL SEMINARS AND CONFERENCES, AND WILL DISSEMINATE EDUCATIONAL AND PROMOTIONAL INFORMATION ABOUT THE LUMBER AND BUILDING MATERIALS INDUSTRY. IT WILL ALSO PROVIDE SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO PERSONS WITH AN INTEREST IN THE BUILDING MATERIALS AND THE BUILDING TRADES TO PURSUE POST SECONDARY SCHOOL EDUCATION OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022, THE FOUNDATION INCREASED THE AMOUNT OF THE SCHOLARSHIPS AND AWARDED SCHOLARSHIPS TO 5 INDIVIDUALS WHO ARE ENROLLED IN A COLLEGE, UNIVERSITY, OR ACCREDITED VOCATIONAL PROGRAM OF HIGH LEARNING AND WHO HAVE INTEREST IN A CAREER THAT CENTERS ON, OR SUPPORTS, THE LUMBER AND BUILDING MATERIALS INDUSTRY, THE BUILDING TRADES, OR IN SMALL BUSINESS MANAGEMENT. THE FOUNDATION ALSO PROVIDED TUITION ASSISTANCE TO MEMBERS' EMPLOYEES WHO ATTENDED EDUCATIONAL PROGRAMS FOR THE LUMBER AND BUILDING MATERIALS INDUSTRY. WLDEF CO-SPONSORED THE WISCONSIN LUMBER DEALERS LEADERSHIP CONFERENCE FOR RETAIL LUMBER DEALERS TO PARTICIPATE IN PROFESSIONAL DEVELOPMENT AND NETWORKING WITH PEERS. THIS EVENT WAS HELD IN JANUARY 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Buswell Chairperson | OfficerTrustee | 1 | $0 |
Chris Hegeman Vice-Chairperson | OfficerTrustee | 1 | $0 |
Robert Rasmussen Treasurer | OfficerTrustee | 1 | $0 |
Erik Halvorsen Secretary | OfficerTrustee | 1 | $0 |
Mark Postel Director | Trustee | 1 | $0 |
Pete Klingbeil Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $55,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$26,217 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,867 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $480 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,766 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,315 |
| Information technology | $2,304 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $335 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,627 |
| Interest | $0 |
| Payments to affiliates | $9,129 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,656 |
| All other expenses | $137 |
| Total functional expenses | $84,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,191 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,624,188 |
| Investments—other securities | $28,437 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,659,816 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,659,816 |
| Total liabilities and net assets/fund balances | $1,659,816 |