Wisconsin Insurance Plan

Organization Overview

Wisconsin Insurance Plan is located in Milwaukee, WI. The organization was established in 1970. According to its NTEE Classification (Y01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Wisconsin Insurance Plan employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Insurance Plan 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 12/2021, Wisconsin Insurance Plan generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WISCONSIN INSURANCE PLAN IS WISCONSIN'S FAIR PLAN OR RESIDUAL PROPERTY INSURER. THE PLAN WAS CREATED BY STATE STATUTE TO PROVIDE BASIC PROPERTY INSURANCE ON CERTAIN PROPERTIES REJECTED FOR COVERAGE BY OTHER INSURERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WISCONSIN INSURANCE PLAN IS WISCONSIN'S FAIR PLAN OR RESIDUAL PROPERTY INSURER. THE PLAN WAS CREATED BY STATE STATUTE TO PROVIDE BASIC PROPERTY INSURANCE ON CERTAIN PROPERTIES REJECTED FOR COVERAGE BY OTHER INSURERS.


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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$2,409,064
Investment income $352
Tax Exempt Bond Proceeds $0
Royalties $0
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 $2,503,844

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