Wisconsin Bankers Association
- Assets
- $12.1m
- Revenue
- $6.1m
- Investments
- $1.6m
- Employees
- 26
- Location
- Madison, WI
- Founding
- 08/1935
- Data as of
- 05/2023
- EIN
- 39-0711690
Organization Overview
Wisconsin Bankers Association is located in Madison, WI. The organization was established in 1935. 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. As of 05/2023, Wisconsin Bankers Association employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Bankers Association 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 05/2023, Wisconsin Bankers Association generated $6.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $5.6m during the year ending 05/2023. While expenses have increased by 0.5% 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.
Since 2015, Wisconsin Bankers Association has awarded 47 individual grants totaling $1,705,410. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE INTEREST OF WISCONSIN BANKS AND BANKERS BY PROVIDING LEADERSHIP AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGISLATIVE ADVOCACY: ON AN ANNUAL BASIS, WISCONSIN BANKERS ASSOCIATION MONITORS THOUSANDS OF LEGISLATIVE PROPOSALS, HUNDREDS OF ADMINISTRATIVE RULES AND ADVOCATES FOR MEMBER INTERESTS AT BOTH THE STATE AND FEDERAL LEVEL. THESE EFFORTS INCREASE THE COMPETITIVE CAPABILITIES OF WISCONSIN FINANCIAL INSTITUTIONS.
EDUCATION: WISCONSIN BANKERS ASSOCIATION CONTINUES TO SET THE STANDARD FOR PROVIDING TIMELY, HIGH QUALITY EDUCATION SPECIFICALLY DESIGNED FOR OUR MEMBERSHIP. OUR PROGRAMS LEVERAGE THE TALENTS OF EXPERTS IN THE FIELD OF BANKING AND FOCUS ON HOT LEGISLATIVE AND REGULATORY TRENDS FOR THE ECONOMIC AND BUSINESS CLIMATE IN OUR STATE. WE BRING EASE OF USE TO MEMBERS WITH THE ORGANIZATION'S MANY WEBINARS, PHONE SEMINARS AND ONLINE COURSES WHILE STILL PROVIDING VALUABLE NETWORKING OPPORTUNITIES WITH THE ORGANIZATION'S CONFERENCES, SCHOOLS, SEMINARS AND WORKSHOPS.
LEGAL AND REGULATORY INFORMATION: WISCONSIN BANKERS ASSOCIATION OFFERS SEVERAL COMPLIANCE INFORMATIONAL RESOURCES FOR OUR MEMBERS ONLY. THE MOST NOTABLE RESOURCE IS OUR LEGAL CALL PROGRAM WHERE THE ORGANIZATION RESPONDS TO GENERAL COMPLIANCE INQUIRIES FROM MEMBERS. THE ORGANIZATION ALSO PUBLISHES THE MONTHLY WBA COMPLIANCE JOURNAL AND THE COMPLIANCE Q&A COLUMN MONTHLY FOR WISCONSIN BANKER. IN ADDITION, THE ORGANIZATION PUBLISHES MONTHLY THE SBA REGULATORY SPOTLIGHT WHICH IS SOLD TO SEVERAL OTHER STATE BANKER ASSOCIATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Peterson Chair | OfficerTrustee | 1 | $0 |
Kenneth Thompson Past Chair | OfficerTrustee | 1 | $0 |
Donna Hoppenjan Chair-Elect | OfficerTrustee | 1 | $0 |
Alvaro Araque Vice Chair | OfficerTrustee | 1 | $0 |
James Chatterton Director | Trustee | 1 | $0 |
Paul Hoffmann 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 | $81,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,750 |
| Total Program Service Revenue | $5,120,494 |
| Investment income | $46,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $118,751 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,098,518 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $231,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $652,742 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,703,322 |
| Pension plan accruals and contributions | $132,754 |
| Other employee benefits | $146,218 |
| Payroll taxes | $147,131 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $113,690 |
| Fees for services: Accounting | $49,018 |
| Fees for services: Lobbying | $57,724 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,375 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,301 |
| Office expenses | $188,267 |
| Information technology | $159,221 |
| Royalties | $0 |
| Occupancy | $144,078 |
| Travel | $43,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,064,270 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $232,917 |
| Insurance | $39,350 |
| All other expenses | $384,204 |
| Total functional expenses | $5,597,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $728,609 |
| Savings and temporary cash investments | $2,003,906 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,454,265 |
| 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 | $233,214 |
| Net Land, buildings, and equipment | $3,239,927 |
| Investments—publicly traded securities | $2,581,442 |
| Investments—other securities | $1,601,019 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $219,289 |
| Total assets | $12,061,671 |
| Accounts payable and accrued expenses | $689,611 |
| Grants payable | $0 |
| Deferred revenue | $734,868 |
| 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 | $1,424,479 |
| Net assets without donor restrictions | $10,637,192 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $12,061,671 |
Grants Awarded
Over the last fiscal year, Wisconsin Bankers Association has awarded $223,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CERS PURPOSE: GENERAL DONATION | $18,000 |
RACC PURPOSE: GENERAL DONATION | $15,000 |
WMC-ISSUE MOBILIZATION COUNCIL PURPOSE: GENERAL DONATION | $25,000 |
JOBS FIRST COALITION PURPOSE: GENERAL DONATION | $50,000 |
WISCONSIN ALLIANCE FOR REFORM PURPOSE: GENERAL DONATION | $54,000 |
ASSEMBLY DEMOCRATIC CAMPAIGN COMMITTEE PURPOSE: GENERAL DONATION | $6,000 |