Ginseng Board Of Wisconsin Inc
- Assets
- $1.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Marathon, WI
- Founding
- 06/1999
- Data as of
- 06/2024
- EIN
- 39-1558214
Organization Overview
Ginseng Board Of Wisconsin Inc is located in Marathon, WI. The organization was established in 1999. 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 06/2024, Ginseng Board Of Wisconsin Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ginseng Board Of Wisconsin 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 06/2024, Ginseng Board Of Wisconsin Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.3m during the year ending 06/2024. While expenses have increased by 3.3% per year over the past 4 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE METHODS & PRACTICES RELATED TO MARKETING OF WISCONSIN GINSENG
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVE METHODS & PRACTICES RELATED TO THE MARKETING OF WISCONSIN GINSENG; PROVIDE EDUCATIONAL PROGRAMS FOR PRODUCERS, HANDLERS, AND CONSUMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Baumann Director | Trustee | 10 | $0 |
Joe Heil Director | Trustee | 10 | $0 |
Danny Krueger Secretary | Trustee | 10 | $0 |
Meilyn Xiong Director | Trustee | 10 | $0 |
Aaron Kaiser Treasurer | Officer | 10 | $0 |
Robert Kaldunski President | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,055,497 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,057,847 |
| Total Program Service Revenue | $272,718 |
| Investment income | $24,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,365,827 |
| 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 | $54,993 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,441 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,373 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,028,215 |
| Advertising and promotion | $6,595 |
| Office expenses | $26,211 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,511 |
| Travel | $142,487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $779 |
| Insurance | $12,765 |
| All other expenses | $0 |
| Total functional expenses | $1,323,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,154,037 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $32,681 |
| Accounts receivable, net | $159,614 |
| 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 | $36,790 |
| Net Land, buildings, and equipment | $59,483 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,442,605 |
| Accounts payable and accrued expenses | $54,877 |
| 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 | $62,047 |
| Total liabilities | $116,924 |
| Net assets without donor restrictions | $1,325,681 |
| 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 | $1,442,605 |