Wisconsin Trust Account Foundation
- Assets
- $5.3m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Madison, WI
- Founding
- 01/1987
- Data as of
- 12/2023
- EIN
- 39-1555465
Organization Overview
Wisconsin Trust Account Foundation is located in Madison, WI. The organization was established in 1987. According to its NTEE Classification (I80) the organization is classified as: Legal Services, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Wisconsin Trust Account Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Trust Account Foundation 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 12/2023, Wisconsin Trust Account Foundation generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $9.6m during the year ending 12/2023. While expenses have increased by 20.4% 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.
Since 2015, Wisconsin Trust Account Foundation has awarded 228 individual grants totaling $31,498,361. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE WISCONSIN TRUST ACCOUNT FOUNDATION WORKS WITH CIVIL LEGAL AID ORGANIZATIONS IN WISCONSIN TO INCREASE ACCESS TO JUSTICE. WE OVERSEE FUNDS AND INVEST IN SERVICES AND PROJECTS TO HELP PEOPLE RESOLVE LEGAL PROBLEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIVIL LEGAL SERVICES (STATE/FEDERAL) - WISTAF CONTRACTED WITH WISCONSIN DEPARTMENT OF CHILDREN AND FAMILIES (DCF) AND/OR WISCONSIN DEPARTMENT OF ADMINISTRATION/WISCAP TO ADMINISTER SUBCONTRACTS WITH CIVIL LEGAL SERVICES PROVIDERS TO: ASSIST TANF-ELIGIBLE CLIENTS WITH CIVIL LEGAL SERVICES RELATED TO DOMESTIC VIOLENCE AND/OR SEXUAL ABUSE; PROVIDE LEGAL SERVICES IN CIVIL MATTERS FOR LOW-INCOME INDIVIDUALS WHO NEED LEGAL ASSISTANCE TO RECOVER FROM THE COVID-19 PANDEMIC; PROVIDE IMMIGRATION-RELATED LEGAL ASSISTANCE FOR ELIGIBLE AFGHAN EVACUEE AND UKRAINIAN REFUGEE POPULATIONS; AND/OR PROVIDE LEGAL SERVICES TARGETED TO ELIGIBLE HOUSEHOLDS IN CIVIL MATTERS FOR THE PURPOSE OF PREVENTING HOMEOWNER MORTGAGE DELINQUENCIES AND DEFAULTS, FORECLOSURES, AND DISPLACEMENTS OF HOMEOWNERS EXPERIENCING FINANCIAL HARDSHIP RESULTING FROM COVID-19.
DIRECT LEGAL SERVICES GRANTS - IN 2023, THE FOUNDATION MADE "DIRECT LEGAL SERVICES/FOUNDATION" GRANT AWARDS (PILSF, PRO HAC VICE, IOLTA) TO SEVENTEEN LEGAL SERVICES AGENCIES TO ASSIST LOW-INCOME INDIVIDUALS AND FAMILIES WITH CIVIL LEGAL NEEDS, IN AREAS SUCH AS FAMILY, HOUSING, EMPLOYMENT, DISABILITY, AND CONSUMER LAW. NO REVENUES ARE DERIVED DIRECTLY FROM THESE ACTIVITIES. ADMINISTRATIVE COSTS TO ADMINISTER THE FOUNDATION'S GRANT PROGRAMS ARE FUNDED BY THE INTEREST ON LAWYERS TRUST ACCOUNTS (IOLTA) PROGRAM (IN ACCORDANCE WITH WISCONSIN SUPREME COURT RULES CHAPTER 13), AND PORTIONS OF OTHER REVENUE SOURCES BASED ON A WRITTEN COST ALLOCATION POLICY/CALCULATION.
FORECLOSURE PREVENTION/COMMUNITY REDEVELOPMENT GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Barker Dir. / Chair Emer. (thru 6/23) | OfficerTrustee | 1 | $0 |
Hon Joanne Kloppenburg Chairperson | OfficerTrustee | 1 | $0 |
Jerry Vang Vice Chairperson | OfficerTrustee | 1 | $0 |
Michelle Knutson Treasurer | OfficerTrustee | 1 | $0 |
Basil Buchko Director | OfficerTrustee | 1 | $0 |
Glenn Dahl Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,296,510 |
| 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 | $5,296,510 |
| Total Program Service Revenue | $5,442,086 |
| Investment income | $141,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,415 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,915,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,981,334 |
| 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. | $164,761 |
| Compensation of current officers, directors, key employees. | $80,423 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $253,160 |
| Pension plan accruals and contributions | $14,759 |
| Other employee benefits | $21,995 |
| Payroll taxes | $30,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,488 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,853 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,399 |
| Office expenses | $6,866 |
| Information technology | $10,640 |
| Royalties | $0 |
| Occupancy | $40,219 |
| Travel | $1,332 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,874 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,303 |
| All other expenses | $4,981 |
| Total functional expenses | $9,645,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,749,226 |
| Pledges and grants receivable | $845,009 |
| Accounts receivable, net | $0 |
| 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 | $30,750 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,711,592 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,336,577 |
| Accounts payable and accrued expenses | $25,584 |
| Grants payable | $239,573 |
| 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 | $0 |
| Total liabilities | $265,157 |
| Net assets without donor restrictions | $5,071,420 |
| 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 | $5,336,577 |
Grants Awarded
Over the last fiscal year, Wisconsin Trust Account Foundation has awarded $8,976,751 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
LEGAL ACTION OF WISCONSIN PURPOSE: CIVIL LEGAL SERVICES | $4,780,473 |
WISCONSIN JUDICARE INC DBA JUDICARE LEGAL AID PURPOSE: CIVIL LEGAL SERVICES | $1,060,826 |
LEGAL AID SOCIETY OF MILWAUKEE PURPOSE: CIVIL LEGAL SERVICES | $513,360 |
ABC FOR HEALTH PURPOSE: CIVIL LEGAL SERVICES | $430,916 |
DISABILITY RIGHTS WISCONSIN PURPOSE: CIVIL LEGAL SERVICES | $354,482 |
KIDS MATTER INC PURPOSE: CIVIL LEGAL SERVICES | $313,383 |