Wisconsin Rural Opportunities Foundation Inc
- Assets
- $4.8m
- Revenue
- $100.5k
- Investments
- $2.3m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 09/1996
- Data as of
- 06/2021
- 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 06/2021, Wisconsin Rural Opportunities Foundation Inc generated $100.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $320.6k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wisconsin Rural Opportunities Foundation Inc has awarded 122 individual grants totaling $889,250. 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
2021
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 IMPROVEMENT OF HEALTH CARE SERVICES, CULTURAL EXPERIENCES, AND SUPPORT OF THE RURAL ECONOMIC BASE. DURING THE 2019-2020 YEAR, WROF PROVIDED GRANTS TO 17 ORGANIZATIONS TO PROVIDE SCHOLARSHIPS TO 101 INDIVIDUAL STUDENTS WITH NEED AND WHO MET SPECIFIC REQUIREMENTS. IN ADDITION, WROF PROVIDED ONE GRANT TO SUPPORT RURAL HIGH SCHOOL STUDENTS ATTENDING A SUMMER SCIENCE CAMP.
WROF MADE A CONTRIBUTION TO A DONOR-ADVISED FUND. FUND IS USED TO SUPPORT HIGHER EDUCATION FOR STUDENTS FROM RURAL WISCONSIN.
WROF MADE A CONTRIBUTION TO WISCONSIN RURAL OPPORTUNITIES, INC., A RELATED EXEMPT ORGANIZATION, TO SUPPORT OUR MISSION OF FOSTERING THE VITALITY OF RURAL WISCONSIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcy Heim Executive Director | 10 | $20,394 | |
James Caldwell Vice President | 2 | $0 | |
Joan Behr President | 2 | $0 | |
Mary Elvekrog Treasurer | 2 | $0 | |
Pat Duffy Secretary | 2 | $0 | |
Jerry Gaska Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,715 |
| Interest on Savings | $3,504 |
| Dividends & Interest | $85,761 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,037 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,602 |
| Total Revenue | $100,545 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,394 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $100 |
| Printing and publications | $0 |
| Other expenses | $20,630 |
| Total operating and administrative expenses | $70,324 |
| Contributions, gifts, grants paid | $250,250 |
| Total expenses and disbursements | $320,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,198 |
| Savings and temporary cash investments | $1,305,848 |
| 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 | $140,138 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $800 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $599,642 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $989,061 |
| Total assets | $4,777,418 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $7,250 |
| Other liabilities | $0 |
| Total liabilities | $7,250 |
Grants Awarded
Over the last fiscal year, Wisconsin Rural Opportunities Foundation Inc has awarded $250,250 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
US CHARITABLE GIFT TRUST PURPOSE: DONOR ADVISED FUND TO SUPPORT HIGHER EDUCATION FOR STUDENTS FROM RURAL WISCONSIN. | $125,000 |
WISCONSIN TECHNICAL COLLEGE SYSTEMS BOARD PURPOSE: SCHOLARSHIPS | $17,000 |
Madison, WI PURPOSE: SUPPORT OUR MISSION BY TRANSFERRING FUNDS TO A RELATED ORGANIZATION | $16,000 |
Juneau, WI PURPOSE: SCHOLARSHIPS | $10,500 |
Madison, WI PURPOSE: SCHOLARSHIPS | $9,000 |
River Falls, WI PURPOSE: SCHOLARSHIPS | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wisconsin Rural Opportunities Foundation Inc has recieved totaling $16,000.
| Awarding Organization | Amount |
|---|---|
Wisconsin Rural Opportunities Foundation Inc Madison, WI PURPOSE: SUPPORT OUR MISSION BY TRANSFERRING FUNDS TO A RELATED ORGANIZATION | $16,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |