Western Fraternal Life Association Education & Charitable Foundation
- Assets
- $488.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 33-1129068
Organization Overview
Western Fraternal Life Association Education & Charitable Foundation is located in Madison, WI. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Fraternal Life Association Education & Charitable Foundation 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, Western Fraternal Life Association Education & Charitable Foundation generated $7.6k 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 (17.7%) each year. All expenses for the organization totaled $7.8k during the year ending 12/2021. 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
SCHOLARSHIP PROGRAMS: THE FOUNDATION AWARDED 14 SCHOLARSHIPS TO MEMBERS. ALL SCHOLARSHIPS ARE SUPPORTED BY INTEREST EARNED, DONATIONS, AND FOUNDATION ASSETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Shinnick Board Member | 0 | $0 | |
Angel Thomas Board Member | 0 | $0 | |
Craig Van Dyke Board Member | 0.5 | $0 | |
Jenna Dunker Board Member | 0.5 | $0 | |
Jack Minder Board Member | 0.5 | $0 | |
Edward J Fornusek Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,313 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,307 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $7,620 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $27 |
| Total expenses | $7,827 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $488,416 |
| Other assets | $0 |
| Total assets | $488,416 |
| Total liabilities | $0 |
| Net assets or fund balances | $488,416 |
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