Wisconsin Trust Account Foundation
- Assets
- $4.8m
- Revenue
- $2.9m
- Investments
- $945.0k
- Employees
- 4
- Location
- Madison, WI
- Founding
- 01/1987
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Wisconsin Trust Account Foundation generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 9.7% per year over the past 7 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 151 individual grants totaling $16,286,513. 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
2021
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
DIRECT LEGAL SERVICES GRANTS - IN 2021, 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 GRANTS - IN 2021, THE FOUNDATION GRANTED FUNDS TO SIX LEGAL SERVICES AGENCIES PROVIDING FORECLOSURE PREVENTION AND/OR COMMUNITY REDEVELOPMENT LEGAL ASSISTANCE TO WISCONSIN RESIDENTS. THE SOURCE OF THESE GRANTS WERE BANK OF AMERICA/US DEPT. OF JUSTICE SETTLEMENT FUNDS RECEIVED BY THE FOUNDATION IN 2015 AND 2016.
TANF CIVIL SERVICES - IN 2021, THE FOUNDATION CONTRACTED WITH THE WISCONSIN DEPARTMENT OF CHILDREN AND FAMILIES (DCF) TO ADMINISTER SUBCONTRACTS WITH THIRTEEN LEGAL SERVICES AND DOMESTIC VIOLENCE AGENCIES TO ASSIST TANF-ELIGIBLE CLIENTS WITH CIVIL LEGAL SERVICES RELATED TO DOMESTIC VIOLENCE AND/OR SEXUAL ASSAULT. THE FOUNDATION RECEIVED ADMINISTRATIVE FEES TOTALING 10 PERCENT OF THE TOTAL CONTRACTED AWARD TO USE TOWARD THE COST OF THE MANAGEMENT ACTIVITIES IN ACCORDANCE WITH THE AGREED-UPON PLAN APPROVED BY DCF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Murray Executive Director | Officer | 40 | $125,180 |
Jerry Vang Vice Chairperson | OfficerTrustee | 1 | $0 |
Eric Andrews Secretary | OfficerTrustee | 1 | $0 |
Michelle Knutson Treasurer | OfficerTrustee | 1 | $0 |
April Barker Chairperson | OfficerTrustee | 1 | $0 |
Hon Joanne Kloppenburg Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $484,614 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $489,614 |
| Total Program Service Revenue | $2,296,398 |
| Investment income | $62,105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,842 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,869,103 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,982,464 |
| 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. | $139,124 |
| Compensation of current officers, directors, key employees. | $82,605 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,093 |
| Pension plan accruals and contributions | $16,650 |
| Other employee benefits | $8,239 |
| Payroll taxes | $24,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,252 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,638 |
| Office expenses | $10,380 |
| Information technology | $10,027 |
| Royalties | $0 |
| Occupancy | $41,329 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,861 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,455 |
| All other expenses | $268 |
| Total functional expenses | $3,457,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,998,246 |
| Pledges and grants receivable | $33,979 |
| Accounts receivable, net | $64,815 |
| 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 | $26,384 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,765,253 |
| Investments—other securities | $945,028 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,833,705 |
| Accounts payable and accrued expenses | $23,366 |
| Grants payable | $83,979 |
| 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 | $107,345 |
| Net assets without donor restrictions | $4,726,360 |
| 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 | $4,833,705 |
Grants Awarded
Over the last fiscal year, Wisconsin Trust Account Foundation has awarded $2,547,850 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: DIRECT CIVIL LEGAL SERVICES/FOUNDATION GRANT; DVSA; FORECLOSURE/REDEVELOPMENT; IOLTA FUNDS; PRO HAC VICE FUNDS; CY PRES FUNDS | $1,270,148 |
Wausau, WI PURPOSE: DIRECT CIVIL LEGAL SERVICES/FOUNDATION GRANT; DVSA; FORECLOSURE/REDEVELOPMENT | $454,709 |
Milwaukee, WI PURPOSE: DIRECT CIVIL LEGAL SERVICES/FOUNDATION GRANT; FORECLOSURE/REDEVELOPMENT | $298,796 |
Madison, WI PURPOSE: DIRECT CIVIL LEGAL SERVICES/FOUNDATION GRANT | $123,014 |
Madison, WI PURPOSE: DIRECT CIVIL LEGAL SERVICES/FOUNDATION GRANT | $63,000 |
Milwaukee, WI PURPOSE: DIRECT CIVIL LEGAL SERVICES/FOUNDATION GRANT; DVSA | $44,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wisconsin Trust Account Foundation has recieved totaling $5,044.
| Awarding Organization | Amount |
|---|---|
Mark And Sally Egan Foundation Inc Delafield, WI PURPOSE: LEGAL ACCESS | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Legal Aid Chicago Chicago, IL | $15,557,581 | $23,153,196 |
Mid-Minnesota Legal Assistance Incorporated Minneapolis, MN | $13,119,781 | $18,613,271 |
Michigan Advocacy Program Ypsilanti, MI | $15,566,146 | $18,099,365 |
Prairie State Legal Services Inc Rockford, IL | $13,043,548 | $17,866,109 |
Lakeshore Legal Aid Warren, MI | $6,435,662 | $14,759,346 |
Legal Action Of Wisconsin Inc Milwaukee, WI | $4,032,874 | $12,478,774 |
Iowa Legal Aid Des Moines, IA | $14,580,759 | $13,573,795 |
Southern Minnesota Regional Legal Services Inc St Paul, MN | $7,070,587 | $10,263,098 |
American Bar Endowment Chicago, IL | $194,396,463 | $19,205,058 |
Illinois Equal Justice Foundation Chicago, IL | $9,055,531 | $13,205,429 |
Land Of Lincoln Legal Assistance Foundation East St Louis, IL | $13,021,176 | $11,751,411 |
Federal Defender Program Inc Chicago, IL | $755,537 | $8,920,793 |