Wisconsin Compensation Rating Bureau
- Assets
- $7.8m
- Revenue
- $12.0m
- Investments
- $610.4k
- Employees
- 55
- Location
- Waukesha, WI
- Founding
- 09/1952
- Data as of
- 12/2023
- EIN
- 39-0712330
Organization Overview
Wisconsin Compensation Rating Bureau is located in Waukesha, WI. The organization was established in 1952. According to its NTEE Classification (Y19) the organization is classified as: Support N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, Wisconsin Compensation Rating Bureau employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Compensation Rating Bureau 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 12/2023, Wisconsin Compensation Rating Bureau generated $12.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $9.3m during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RATING WORKERS COMPENSATION INSURANCE RISKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RATING WORKERS COMPENSATION RISKS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Lester Employer Representative | Trustee | 1 | $0 |
Dan Burazin Employer Representative | Trustee | 1 | $0 |
Name Not Listed Committee Member | 1 | $0 | |
Name Not Listed Committee Member | 1 | $0 | |
Name Not Listed Committee Member | 1 | $0 | |
Name Not Listed Committee Member | 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 | $11,700,868 |
| Investment income | $297,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35,954 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,988,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,353,464 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,722,499 |
| Pension plan accruals and contributions | $750,187 |
| Other employee benefits | $559,376 |
| Payroll taxes | $264,565 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,607 |
| Fees for services: Accounting | $55,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,750 |
| Fees for services: Other | $505,233 |
| Advertising and promotion | $0 |
| Office expenses | $91,395 |
| Information technology | $1,861,945 |
| Royalties | $0 |
| Occupancy | $386,214 |
| Travel | $238,141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,935 |
| Interest | $7,746 |
| Payments to affiliates | $11,054 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $50,076 |
| All other expenses | $0 |
| Total functional expenses | $9,250,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,476 |
| Savings and temporary cash investments | $2,800,542 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $384,566 |
| 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 | $112,979 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,837,709 |
| Investments—other securities | $610,445 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,794,717 |
| Accounts payable and accrued expenses | $5,510,999 |
| 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 | $109,369 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $128,032 |
| Total liabilities | $5,748,400 |
| Net assets without donor restrictions | $2,046,317 |
| 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 | $7,794,717 |