We Energies Foundation Inc
- Assets
- $74.4m
- Revenue
- $6.0m
- Investments
- $71.5m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 05/1983
- Data as of
- 12/2020
- EIN
- 39-1433726
Organization Overview
We Energies Foundation Inc is located in Milwaukee, WI. The organization was established in 1983. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. We Energies 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 12/2020, We Energies Foundation Inc generated $6.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $9.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Beth Straka Vice President/director | 0 | $21,292 | |
J Kevin Fletcher President/director | 0 | $0 | |
Margaret C Kelsey Director | 0 | $0 | |
William J Guc Treasurer/secretary | 0 | $0 | |
Scott J Lauber Director | 0 | $0 | |
Tom Metcalfe Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,370,221 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $657,564 |
| Capital Gain Net Income | $975,798 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,027,785 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,568 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,226 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $622 |
| Printing and publications | $2,660 |
| Other expenses | $159,759 |
| Total operating and administrative expenses | $333,394 |
| Contributions, gifts, grants paid | $8,963,214 |
| Total expenses and disbursements | $9,296,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $551,130 |
| Savings and temporary cash investments | $1,577,875 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,810,681 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $692,449 |
| Total assets | $74,423,525 |
| Accounts payable and accrued expenses | $54,026 |
| 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 | $54,026 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |