Wisconsin Fuel & Retail Association Inc
- Assets
- $1.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Madison, WI
- Founding
- 04/1945
- Data as of
- 12/2022
- EIN
- 39-0714470
Organization Overview
Wisconsin Fuel & Retail Association Inc is located in Madison, WI. The organization was established in 1945. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Wisconsin Fuel & Retail Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Fuel & Retail Association 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 Fuel & Retail Association Inc generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. 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
PROVIDE PROGRAMS AND ACTIVITIES TO REPRESENT THE BUSINESS INTERESTS FOR THOSE WHO MARKET AND DISTRIBUTE PETROLEUM AND RELATED PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOBBYING AND LEGISLATIVE: ADVOCATING OUR MEMBERS' POSITIONS THROUGH PREMIER LOBBYING AT THE STATE AND FEDERAL LEVEL; COMMUNICATING CRITICAL INFORMATION; REINFORCING THE IMPORTANCE OF INDEPENDENT BUSINESSES IN THE SOCIAL AND ECONOMIC FABRIC OF OUR COMMUNITIES; EDUCATING STATE AND FEDERAL POLICY MAKERS AND THE PUBLIC ABOUT OUR INDUSTRY.
EDUCATION: PROVIDE EDUCATIONAL AND INFORMATIONAL SERVICES AND SPONSOR CONVENTIONS AND SEMINARS FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Salden Chairman | OfficerTrustee | 2 | $0 |
Craig Wolf Vice Chairman | OfficerTrustee | 2 | $0 |
David Schwartz Sec/treasurer | OfficerTrustee | 2 | $0 |
Sherry Bevers Second Vice Chairman | OfficerTrustee | 2 | $0 |
Jon Crawford Past Chair | OfficerTrustee | 2 | $0 |
Bob Fromm Associate Director | Trustee | 0.5 | $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 | $966,467 |
| Investment income | $15,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $12,144 |
| 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 | $1,012,250 |
| 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. | $196,546 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $183,606 |
| Pension plan accruals and contributions | $22,778 |
| Other employee benefits | $41,305 |
| Payroll taxes | $26,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,594 |
| Fees for services: Accounting | $61,226 |
| Fees for services: Lobbying | $37,806 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,062 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,046 |
| Office expenses | $19,681 |
| Information technology | $4,700 |
| Royalties | $0 |
| Occupancy | $74,525 |
| Travel | $20,116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125,120 |
| Interest | $161 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,295 |
| Insurance | $20,995 |
| All other expenses | $46,925 |
| Total functional expenses | $1,023,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,641 |
| Savings and temporary cash investments | $520,148 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,306 |
| 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 | $24,773 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $289,188 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $129,689 |
| Total assets | $1,046,745 |
| Accounts payable and accrued expenses | $58,148 |
| Grants payable | $0 |
| Deferred revenue | $173,943 |
| 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 | $132,224 |
| Total liabilities | $364,315 |
| Net assets without donor restrictions | $682,430 |
| 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 | $1,046,745 |