Wisdom Inc
- Assets
- $29.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wausau, WI
- Founding
- 07/2005
- Data as of
- 12/2021
- EIN
- 27-1403730
Organization Overview
Wisdom Inc is located in Wausau, WI. The organization was established in 2005. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Wisdom Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Wisdom Inc generated $12.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.3%) each year. All expenses for the organization totaled $11.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
WISDOM INC DBA NAOMI INC HAS BEEN CONTINUING ADVOCACY TO CHANGE SYSTEMS AND POLICIES IN THE AREAS OF CRIMINAL JUSTICE REFORM, TRANSIT ACCESS, RACIAL JUSTICE, ENVIRONMENTAL JUSTICE, AND POVERTY AWARENESS AT THE STATE AND NATIONAL LEVELS. THE ORGANIZATION SUPPORTS INTIATIVES OF OUR PARENT ORGANIZATION, WISDOM, INC.THE ORGANIZATION PARTICIPATED IN LOCAL ACTIONS AND CELEBRATIONS SUCH AS: EARTH DAY; JUNTEENTH; MARATHON COUNTY PAST AND PRESENT: HMONG AMERICANS; PRAYER VIGIL FOR EQUITY; KEEPING PLASTICS OUT OF OUR SHOPPING CARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Chopp President | 1 | $0 | |
Kati Maier Secretary | 1 | $0 | |
Ron Alexander Treasurer | 1 | $0 | |
Mike Kolasinski Vice President | 1 | $0 | |
Tee Vang Director | 1 | $0 | |
Ted Sperdutto Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,360 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $938 |
| Total Revenue | $12,298 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,433 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,575 |
| Total expenses | $11,008 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,089 |
| Other assets | $0 |
| Total assets | $29,089 |
| Total liabilities | $3,710 |
| Net assets or fund balances | $25,379 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wisdom Inc has recieved totaling $77,250.
| Awarding Organization | Amount |
|---|---|
Wisdom Action Network Inc Milwaukee, WI PURPOSE: IVE Work | $57,000 |
Wisdom Inc Milwaukee, WI PURPOSE: Social Justice | $10,125 |
Wisdom Inc Milwaukee, WI PURPOSE: Social Justice | $10,125 |
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United Way Of Lake County Inc Gurnee, IL | $9,128,371 | $6,708,539 |
Wisconsin Regional Training Partnership Inc Milwaukee, WI | $5,167,350 | $7,096,517 |
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