Wisconsin Rural Opportunities Foundation Inc
- Assets
- $5.4m
- Revenue
- $161.3k
- Investments
- $4.1m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 09/1996
- Data as of
- 06/2022
- EIN
- 39-0857592
Organization Overview
Wisconsin Rural Opportunities Foundation Inc is located in Madison, WI. The organization was established in 1996. 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. Wisconsin Rural Opportunities Foundation 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 06/2022, Wisconsin Rural Opportunities Foundation Inc generated $161.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $323.2k during the year ending 06/2022. While expenses have increased by 12.3% per year over the past 7 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 Rural Opportunities Foundation Inc has awarded 144 individual grants totaling $1,121,845. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WISCONSIN RURAL OPPORTUNITIES FOUNDATION (WROF) FOSTERS THE VITALITY OF RURAL WISCONSIN, PRIMARILY THROUGH THE PROMOTION OF EDUCATION OPPORTUNITIES, AS WELL AS THE IMPROVEMENT OF HEALTH CARE SERVICES, CULTURAL EXPERIENCES, AND SUPPORT OF THE RURAL ECONOMIC BASE. DURING THE 2021-2022 YEAR, WROF PROVIDED GRANTS TO SEVERAL ORGANIZATIONS TO PROVIDE SCHOLARSHIPS TO STUDENTS WHO MET SPECIFIC REQUIREMENTS.
WROF MADE A CONTRIBUTION TO A DONOR-ADVISED FUND. FUND IS USED TO SUPPORT HIGHER EDUCATION FOR STUDENTS FROM RURAL WISCONSIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Behr President | 2 | $0 | |
James Caldwell Vice President | 2 | $0 | |
Pat Duffy Secretary | 2 | $0 | |
Mary Elverkorg Treasurer | 2 | $0 | |
Michelle Livanos Marketing Director | 2 | $0 | |
Charles Crave Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $24,853 |
| Interest on Savings | $3,519 |
| Dividends & Interest | $62,303 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $52,155 |
| Capital Gain Net Income | $52,155 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,500 |
| Total Revenue | $161,330 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,878 |
| Total operating and administrative expenses | $90,578 |
| Contributions, gifts, grants paid | $232,595 |
| Total expenses and disbursements | $323,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,128,602 |
| Net Accounts receivable | $6,323 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $169,184 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,004,969 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,418,392 |
| Accounts payable and accrued expenses | $1,114 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,114 |
Grants Awarded
Over the last fiscal year, Wisconsin Rural Opportunities Foundation Inc has awarded $232,595 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
EDGEWOOD COLLEGE PURPOSE: SCHOLARSHIPS | $7,000 |
UNIVERSITY OF WISCONSIN EAU CLAIRE PURPOSE: SCHOLARSHIPS | $3,000 |
UNIVERSITY OF WISCONSIN GREEN BAY PURPOSE: SCHOLARSHIPS | $3,000 |
UNIVERSITY OF WISCONSIN MADISON - FARM & INDUSTRY SHORT COURSE PURPOSE: SCHOLARSHIPS | $3,000 |
UNIVERSITY OF WISCONSIN MADISON BEGINNING FARMER PURPOSE: SCHOLARSHIPS | $750 |
UNIVERISTY OF WISCONSIN MADISON SCHOOL OF NURSING PURPOSE: SCHOLARSHIPS | $5,000 |