Wmc Foundatiion Inc
- Assets
- $3.3m
- Revenue
- $1.2m
- Investments
- $364.6k
- Employees
- 0
- Location
- Madison, WI
- Founding
- 10/1981
- Data as of
- 12/2020
- EIN
- 39-1394068
Organization Overview
Wmc Foundatiion Inc is located in Madison, WI. The organization was established in 1981. According to its NTEE Classification (M40) the organization is classified as: Safety Education, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wmc Foundatiion 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 12/2020, Wmc Foundatiion Inc generated $1.2m 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 (9.5%) each year. All expenses for the organization totaled $598.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (19.7%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SPONSOR AND CONDUCT EDUCATIONAL PROGRAMS AND SEMINARS ON MATTERS RELATING TO ECONOMICS AND BUSINESS, SO AS TO FOSTER A GREATER UNDERSTANDING OF THE PROBLEMS OF BUSINESS AND INDUSTRY AND OF THE FREE ENTERPRISE SYSTEM, AND THE MANY ASPECTS OF THE SAME, INCLUDING, WITHOUT LIMITATION, WORKPLACE SAFETY, EMPLOYEE TRAINING AND EDUCATION, AND LAWS, RULES AND REGULATIONS WHICH MAY IMPACT BUSINESS AND THE ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WISCONSIN BUSINESS WORLD - WISCONSIN BUSINESS WORLD IS A PROGRAM OF THE FOUNDATION AIMED AT PROVIDING HIGH SCHOOL STUDENTS WITH ECONOMIC AND FINANCIAL LITERACY EDUCATION WHILE TEACHING THE IMPORTANCE OF FREE-MARKET ENTERPRISE. BUSINESS WORLD HOSTS SUMMER CAMPS EACH YEAR AND NUMEROUS ONE-DAY "MINI" PROGRAMS DURING THE SCHOOL YEAR FOR SCHOOL DISTRICTS AROUND THE STATE. STUDENTS PARTICIPATE IN HANDS-ON EXERCISES THAT EASILY RELATE TO THE EVERYDAY LIFE OF RUNNING A BUSINESS AND FINISH EACH PROGRAM WITH A BETTER UNDERSTANDING OF THE INTRICACIES OF BUSINESS. THE PROGRAM ALSO EXPOSES STUDENTS TO THE VARIETY OF DIFFERENT CAREER OPPORTUNITIES AVAILABLE AFTER HIGH SCHOOL OR COLLEGE.
EDUCATIONAL PROGRAMS - INFORMATIONAL SEMINARS, WEBINARS, MEETINGS, AND CONFERENCES RELATING TO A VARIETY OF TOPICS INCLUDING HEALTH CARE, ENVIRONMENT, EDUCATION, ENERGY, TRANSPORTATION, TAXES, HUMAN RESOURCES, AND LEGAL REFORM.
FUTURE WISCONSIN PROJECT - THE FUTURE WISCONSIN PROJECT ADDRESSES OUR STATE'S LONG-TERM SYSTEMIC, ECONOMIC CHALLENGES. WITH PARTNER REPRESENTATION FROM BUSINESS, GOVERNMENT AND EDUCATION, THIS PROGRAM SEEKS TO BRING ALL STAKEHOLDERS OF THE ECONOMY TO THE TABLE TO DEVELOP SOLUTIONS WE CAN ALL IMPLEMENT. THE YEAR-LONG COLLABORATION CULMINATES WITH THE FUTURE WISCONSIN SUMMIT, HELD AT THE END OF EACH YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Bauer Chairman/ceo | OfficerTrustee | 4 | $0 |
Drew Slocum Director | Trustee | 0.03 | $0 |
Russell Schieber Director | Trustee | 0.03 | $0 |
Samantha Metcalf Director | Trustee | 0.03 | $0 |
Connor Meloy Director | Trustee | 0.03 | $0 |
Scott Kowalski Director | Trustee | 0.03 | $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 | $1,066,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,066,850 |
| Total Program Service Revenue | $23,921 |
| Investment income | $7,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $55,696 |
| Net Gain/Loss on Asset Sales | $1,028 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,194,322 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $462,061 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,846 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,981 |
| Fees for services: Other | $47,852 |
| Advertising and promotion | $0 |
| Office expenses | $30,620 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,363 |
| Travel | $4,625 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,307 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,971 |
| All other expenses | $8,578 |
| Total functional expenses | $598,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,781 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $171,000 |
| Accounts receivable, net | $20,109 |
| 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 | $28,280 |
| Net Land, buildings, and equipment | $2,024,856 |
| Investments—publicly traded securities | $306,844 |
| Investments—other securities | $364,588 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,048 |
| Total assets | $3,314,506 |
| Accounts payable and accrued expenses | $68,999 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $78,554 |
| Total liabilities | $147,553 |
| Net assets without donor restrictions | $2,844,953 |
| Net assets with donor restrictions | $322,000 |
| 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 | $3,314,506 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Wmc Foundatiion Inc has recieved totaling $93,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $28,000 |
Wahlin Foundation Inc Stoughton, WI PURPOSE: EDUCATION PROGRAMS | $25,000 |
Boldt Family Fund Inc Appleton, WI PURPOSE: SAFETY EDUCATION | $25,000 |
Kikkoman Foods Foundation Inc Walworth, WI PURPOSE: SUMMER PROGRAM & MINI BUSINESS WORLD-WALWORTH COUNTY | $10,000 |
Us Venture-Schmidt Family Foundation Inc Appleton, WI PURPOSE: EDUCATION & SCHOLARSHIPS | $5,000 |
John Oster Family Foundation Inc Milwaukee, WI PURPOSE: CIVIC ENHANCEMENT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Safety Council Itasca, IL | $81,748,289 | $62,682,322 |
National Child Safety Council Jackson, MI | $2,675,831 | $3,058,681 |
Minnesota Safety Council Inc Saint Paul, MN | $2,939,931 | $2,861,834 |
Iowa Statewide Poison Control Center Sioux City, IA | $2,544,878 | $1,917,313 |
American Biological Safety Association Mundelein, IL | $2,227,912 | $1,783,093 |
Great Lakes Safety Training Center Midland, MI | $5,884,622 | $1,833,812 |
Safe Community Coalition Of Madison And Dane County Inc Madison, WI | $410,274 | $1,355,240 |
Southern Illinois Construction Advancement Program Ofallon, IL | $3,575,415 | $1,084,992 |
Mta Education Center Inc Lansing, MI | $380,607 | $938,812 |
Geneva Lake Water Safety Comm Inc Williams Bay, WI | $1,988,843 | $1,100,576 |
Wmc Foundatiion Inc Madison, WI | $3,314,506 | $1,194,322 |
Fire Department Safety Officers Association Ann Arbor, MI | $304,819 | $587,965 |