Wisconsin Manufacturers And Commerce Inc
- Assets
- $7.3m
- Revenue
- $5.7m
- Investments
- $2.8m
- Employees
- 41
- Location
- Madison, WI
- Founding
- 04/1976
- Data as of
- 12/2023
- EIN
- 39-1233219
Organization Overview
Wisconsin Manufacturers And Commerce Inc is located in Madison, WI. The organization was established in 1976. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Wisconsin Manufacturers And Commerce Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Manufacturers And Commerce 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 12/2023, Wisconsin Manufacturers And Commerce Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $4.7m during the year ending 12/2023. While expenses have increased by 4.3% 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
WISCONSIN MANUFACTURERS AND COMMERCE (WMC) IS ORGANIZED AS AN ASSOCIATION WHOSE PURPOSE IS TO MAKE WISCONSIN THE MOST COMPETITIVE STATE IN THE NATION IN WHICH TO DO BUSINESS. IT FOSTERS AND PROTECTS THE FREE ENTERPRISE SYSTEM TO ADVANCE THE BUSINESS AND EDUCATIONAL INTERESTS OF THE STATE OF WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WMC'S GOVERNMENT RELATIONS TEAM OF LOBBYISTS ADVOCATES ON BEHALF OF MEMBERS TO THE LEGISLATIVE, EXECUTIVE, AND JUDICIAL BRANCHES OF WISCONSIN GOVERNMENT. WMC PROMOTES PASSAGE OF WMC PUBLIC POLICY AGENDA ESTABLISHED BY WMC'S GOVERNING BODY AND ADVOCATES ON OTHER POLICIES THAT COULD HAVE A POSITIVE OR NEGATIVE IMPACT ON WISCONSIN'S ECONOMIC COMPETITIVENESS, LEGAL CLIMATE, OR JUDICIAL SYSTEM. THE GOVERNMENT RELATIONS PROGRAM ALSO CONDUCTS RESEARCH IN SUPPORT OF OUR POLICY AGENDA AND COMMUNICATES WITH POLICYMAKERS, THE MEDIA, AND THE GENERAL PUBLIC ABOUT MAKING WISCONSIN THE MOST COMPETITIVE STATE IN THE NATION.
WMC EVENTS - WMC HOSTS SEVERAL INFORMATIONAL SEMINARS AND EVENTS INCLUDING BUSINESS DAY AND A GOVERNMENT AFFAIRS CONFERENCE, EACH OF WHICH DEAL WITH A VARIETY OF TOPICS INCLUDING HEALTH CARE, ENVIRONMENT, ENERGY, TRANSPORTATION, TAXES, HUMAN RESOURCES, LEGAL REFORM, SMALL BUSINESS, AND OTHER ISSUES OF INTEREST TO THE BUSINESS COMMUNITY. WMC DIGITAL PUBLICATIONS - MORNING DIGEST, WMC'S DIGITAL PUBLICATION, PROVIDES MEMBERS WITH BUSINESS-FOCUSED UPDATES. DESIGNED TO HELP BUSINESS LEADERS, PUBLICATIONS REACH APPROXIMATELY 7,500 BUSINESS LEADERS AND CHAMBERS OF COMMERCE ACROSS WISCONSIN.
WISCONSIN SAFETY COUNCIL (WSC) IS THE STATE'S LEADING PROVIDER OF SAFETY TRAINING AND PRODUCTS, SERVING MEMBERS OF ALL SIZES AND EVERY SECTOR OF THE ECONOMY. WSC PROVIDES SCHEDULED TRAINING PROGRAMS ACROSS WISCONSIN IN ADDITION TO PRIVATE, CUSTOMIZED TRAINING FOR INDIVIDUAL COMPANIES. IT IS ALSO THE NUMBER ONE RESOURCE FOR SAFETY PRODUCTS RANGING FROM FIRST AID TRAINING MATERIALS TO EMERGENCY DEFIBRILLATORS. WSC IS THE OFFICIAL STATE CHAPTER OF THE NATIONAL SAFETY COUNCIL AND IS A PROUD PROGRAM OF WISCONSIN MANUFACTURERS & COMMERCE (WMC).
WMC'S MEMBERSHIP PROGRAM IS DEDICATED TO RETAINING EXISTING MEMBERS AND RECRUITING NEW MEMBERS IN SUPPORT OF THE WMC PUBLIC POLICY AGENDA AND OTHER ACTIVITIES. WMC'S MEMBERSHIP DEPARTMENT ASSISTS MEMBERS IN UNDERSTANDING GRASSROOTS STRATEGIES TO ADVANCE THE BUSINESS AGENDA AND HELPS COMMUNICATE HOW WMC'S ADVOCACY CREATES VALUE FOR MEMBER BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Bauer President/ceo | OfficerTrustee | 33.4 | $515,136 |
Michael Nikolai Chair | OfficerTrustee | 1 | $0 |
Christopher Drees Vice Chair | OfficerTrustee | 0.5 | $0 |
David Krutz Secretary | OfficerTrustee | 0.5 | $0 |
Daniel Defnet Treasurer | OfficerTrustee | 0.5 | $0 |
Steve Loehr Immediate Past Chair | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $502,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $507,625 |
| Total Program Service Revenue | $4,656,953 |
| Investment income | $189,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,520 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,284 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,702,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,950 |
| 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. | $1,381,968 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,180,008 |
| Pension plan accruals and contributions | $99,365 |
| Other employee benefits | $187,415 |
| Payroll taxes | $165,110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $92,164 |
| Fees for services: Accounting | $20,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,227 |
| Fees for services: Other | $151,496 |
| Advertising and promotion | $0 |
| Office expenses | $185,639 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $300,348 |
| Travel | $53,161 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $703,098 |
| Interest | $113 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,820 |
| Insurance | $31,895 |
| All other expenses | $38,511 |
| Total functional expenses | $4,719,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $355,384 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,000 |
| Accounts receivable, net | $71,859 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,508 |
| Prepaid expenses and deferred charges | $122,502 |
| Net Land, buildings, and equipment | $234,865 |
| Investments—publicly traded securities | $2,748,256 |
| Investments—other securities | $2,776,307 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $899,942 |
| Total assets | $7,257,623 |
| Accounts payable and accrued expenses | $562,820 |
| Grants payable | $0 |
| Deferred revenue | $2,256,062 |
| 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 | $742,402 |
| Total liabilities | $3,561,284 |
| Net assets without donor restrictions | $3,696,339 |
| 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 | $7,257,623 |
Grants Awarded
Over the last fiscal year, Wisconsin Manufacturers And Commerce Inc has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ROCK COUNTY FIRST PURPOSE: GENERAL ASSISTANCE | $10,000 |
WMC LITIGATION CENTER INC PURPOSE: GENERAL ASSISTANCE | $40,000 |