Badger Institute Inc
- Assets
- $3.4m
- Revenue
- $1.4m
- Investments
- $3.0m
- Employees
- 12
- Location
- Milwaukee, WI
- Founding
- 02/1988
- Data as of
- 03/2022
- EIN
- 39-1592727
Organization Overview
Badger Institute Inc is located in Milwaukee, WI. The organization was established in 1988. As of 03/2022, Badger Institute Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Badger Institute 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 03/2022, Badger Institute Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.4m during the year ending 03/2022. While expenses have increased by 9.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC POLICY RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RESEARCHES PUBLIC POLICY IN THE STATE OF WISCONSIN AND PREPARES REPORTS AND MAGAZINES WHICH ARE DISTRIBUTED TO THE MEDIA, STATE LEGISLATURE, AND OTHER INTERESTED PARTIES DURING THE FISCAL YEAR. THE ORGANIZATION PRODUCED 2 MAGAZINES, 40 PAGES IN LENGTH. IN ADDITION, THE ORGANIZATION PRODUCED DOZENS OF ARTICLES, SHORT POLICY BRIEFS AND WHITE PAPERS. THE ORGANIZATION ALSO MAINTAINED A WEBSITE WHICH INCLUDES ALL PUBLICATIONS, COMMENTARY AND CONTENT WHICH HAS BEEN IN THE MEDIA, WWW.BADGERINSTITUTE.ORG. THE ORGANIZATION HELD A HANDFUL OF VIRTUAL SYMPOSIA DURING THE YEAR BUT HELD NO IN-PERSON EVENTS DUE TO THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Nichols President | Officer | 40 | $211,083 |
Michael Jahr Senior Vice President | 40 | $118,183 | |
Jon Hammes Chairman | OfficerTrustee | 1 | $0 |
Ave Bie Vice Chair | OfficerTrustee | 1 | $0 |
Gail Hanson Treasurer | OfficerTrustee | 1 | $0 |
Jason Kohout Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,535 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,064,524 |
| Noncash contributions included in lines 1a–1f | $30,501 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,102,059 |
| Total Program Service Revenue | $0 |
| Investment income | $22,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $264,287 |
| Net Income from Fundraising Events | -$12,454 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,376,464 |
| 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. | $230,202 |
| Compensation of current officers, directors, key employees. | $57,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $412,942 |
| Pension plan accruals and contributions | $27,541 |
| Other employee benefits | $12,276 |
| Payroll taxes | $41,230 |
| Fees for services: Management | $19,308 |
| Fees for services: Legal | $19,478 |
| Fees for services: Accounting | $27,900 |
| Fees for services: Lobbying | $7,142 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $450 |
| Fees for services: Other | $50,821 |
| Advertising and promotion | $0 |
| Office expenses | $42,017 |
| Information technology | $41,450 |
| Royalties | $0 |
| Occupancy | $60,715 |
| Travel | $25,632 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,052 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,590 |
| Insurance | $8,949 |
| All other expenses | $5,262 |
| Total functional expenses | $1,354,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,723 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $350,000 |
| 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 | $7,359 |
| Net Land, buildings, and equipment | $4,964 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,997,075 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,607 |
| Total assets | $3,409,728 |
| Accounts payable and accrued expenses | $31,790 |
| 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 | $0 |
| Total liabilities | $31,790 |
| Net assets without donor restrictions | $1,733,648 |
| Net assets with donor restrictions | $1,644,290 |
| 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 | $3,409,728 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Badger Institute Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Atlas Economic Research Foundation Arlington, VA PURPOSE: Economic Education | $50,000 |
The Silseth Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Stollenwerk Family Foundation Inc Mequon, WI PURPOSE: GENERAL OPERATING | $5,000 |
Endowment Analysis
| Beg. Balance | $1,232,663 |
| Earnings | $49,403 |
| Other Expense | $62,776 |
| Ending Balance | $1,219,290 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Licking Rural Electrification Inc Newark, OH | $14,456,355 | $20,280,714 |
Lake Region Electric Association Inc Webster, SD | $46,798,980 | $19,860,340 |
Black Hills Electric Cooperative Inc Custer, SD | $75,104,972 | $23,022,656 |
H E R O E S Care Inc Fenton, MO | $4,492,001 | $18,882,199 |
Holmes-Wayne Electric Cooperative Inc Millersburg, OH | $106,409,889 | $19,641,088 |
Missouri Rural Electric Cooperative Palmyra, MO | $37,368,089 | $19,573,881 |
Barton County Elec Coop Inc Lamar, MO | $53,305,232 | $19,554,475 |
Jay County Rural Electric Membership Corporation Portland, IN | $32,510,611 | $21,221,936 |
University Of Illinois Community Credit Union Champaign, IL | $475,743,912 | $22,792,231 |
Credit Unions Chartered In The State Of Michigan Romulus, MI | $367,474,498 | $22,316,776 |
Roseau Electric Cooperative Inc Roseau, MN | $41,619,663 | $19,513,008 |
Lewis And Clark Rural Water System Inc Tea, SD | $426,307,061 | $39,792,007 |