Foundation Of The Wisconsin Automobile & Truck Dealers Assoc
- Assets
- $7.8m
- Revenue
- $2.4m
- Investments
- $27.3k
- Employees
- 0
- Location
- Madison, WI
- Founding
- 04/1992
- Data as of
- 12/2023
- EIN
- 39-1719902
Organization Overview
Foundation Of The Wisconsin Automobile & Truck Dealers Assoc is located in Madison, WI. The organization was established in 1992. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of The Wisconsin Automobile & Truck Dealers Assoc 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, Foundation Of The Wisconsin Automobile & Truck Dealers Assoc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 3.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CONDUCT OF SCHOLARSHIP, EDUCATIONAL, SAFETY, AND RESEARCH ACTIVITIES RELATED TO MOTOR VEHICLES IN SOCIETY, AND THE FURTHERANCE OF FREE ENTERPRISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP ACTIVITIES INCLUDE PROVIDING EDUCATION SCHOLARSHIPS TO STUDENTS PURSUING CAREERS IN THE AUTOMOTIVE AND TRANSPORTATION INDUSTRIES. SCHOLARSHIPS ARE AWARDED TO STUDENTS WHO SUCCESSFULLY QUALIFY THROUGH THE FOUNDATION'S APPLICATION PROCESS. THE SCHOLARSHIP PROCESS PROVIDES EACH APPLICANT THE OPPORTUNITY TO SHOWCASE THEIR INDIVIDUAL CAREER ABILITIES AND POTENTIAL TO BE A FUTURE TECHNICIAN. ONE AND TWO-YEAR SCHOLARSHIPS ARE AWARDED, AND A DONATED AUTOMOTIVE TOOL SET IS PROVIDED TO AUTOMOTIVE AND TRANSPORTATION STUDENTS ATTENDING WISCONSIN TECHNICAL COLLEGES.
EDUCATIONAL ACTIVITIES INCLUDE CAREER AWARENESS PROGRAMS THROUGHOUT WISCONSIN INCLUDING: FAMILIARIZE INDIVIDUALS TO THE VARIETY OF WORK OPPORTUNITIES AVAILABLE IN THE AUTOMOTIVE AND TRANSPORTATION INDUSTRIES AND THE EDUCATION REQUIREMENTS, PROVIDE INDIVIDUALS WITH INFORMATION ON SUCCESSFUL JOB SEARCH AND INTERVIEW TECHNIQUES, PARTICIPATE IN THE TEACHER CERTIFICATION INSTITUTES TO MAINTAIN THEIR PROFESSIONAL STATUS AND HELP MANAGE THE WISCONSIN AUTOMOTIVE SERVICE EXCELLENCE (ASE) PROGRAM THROUGHOUT WISCONSIN. STUDENT CAREER FAIR ACTIVITIES INCLUDE CAREER AWARENESS PROGRAMS SERVING STUDENTS THROUGHOUT WISCONSIN. ATTENDEES AND THEIR FAMILIES ARE INTRODUCED TO A VARIETY OF WORK OPPORTUNITIES AVAILABLE IN THE AUTOMOTIVE AND TRANSPORTATION INDUSTRIES AND THE EDUCATION REQUIREMENTS. THIS PROGRAM ALSO PROVIDES STUDENTS WITH INFORMATION ON SUCCESSFUL JOB SEARCH AND INTERVIEW TECHNIQUES TO APPLY ON ANY OPPORTUNITY IN THEIR EMPLOYMENT SEARCH. TEACHER PROFESSIONAL DEVELOPMENT ACTIVITIES INCLUDE PREPARATION AND FACILITATION OF TWO TEACHER CERTIFICATION INSTITUTES FOR AUTOMOTIVE AND TRANSPORTATION TEACHERS TO ASSIST THEM IN MAINTAINING THEIR PROFESSIONAL STATUS. THE TEACHERS INSTITUTE PROVIDES WISCONSIN TEACHERS WITH PROFESSIONAL CREDIT HOURS. THE TRAINING SESSIONS HELP TEACHERS AND THEIR PROGRAMS KEEP UP ON CURRENT TRENDS AND TECHNOLOGY AT HIGH INDUSTRY STANDARDS. ASE ACCREDITATION ACTIVITIES INCLUDE THE WISCONSIN ASE THAT STARTED IN 1997. ASE IS A SATELLITE PROGRAM THAT ASSISTS AUTOMOTIVE AND TRANSPORTATION STUDENTS PROVIDING INDUSTRY CERTIFIED CONTINUING EDUCATION AND LIFELONG EMPLOYMENT. THE FOUNDATION'S ASE PROGRAM SERVES 18 ACTIVE WISCONSIN HIGH SCHOOL AND CO-OP SITES, AND WELL OVER 2,000 STUDENTS. SUPPORT IS ALSO PROVIDED TO 75+ NON-ACCREDITED TRANSPORTATION EDUCATION PROGRAMS IN WISCONSIN. MIDDLE SCHOOL SUMMER CAMP ACTIVITIES INCLUDE THE FOUNDATION PARTNERING WITH TECHNICAL COLLEGES AND DEALERSHIPS TO FACILITATE MIDDLE SCHOOL STUDENT SUMMER CAMPS. THESE WEEKLONG CAMP EXPERIENCES EXPOSE YOUNG PEOPLE TO A WIDE VARIETY OF AUTOMOTIVE AND TRANSPORTATION RELATED CAREER PATHWAYS. STUDENT COMPETITION EVENT ACTIVITIES INCLUDE FOUNDATION STAFF AND INDUSTRY VOLUNTEERS ON THE ANNUAL SKILLSUSA WISCONSIN AUTOMOTIVE COMPETITION TECHNICAL COMMITTEE. THE FOUNDATION ALSO ASSISTS AND CONTRIBUTES TO OTHER WISCONSIN AUTOMOTIVE AND TRANSPORTATION STUDENT COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nolan Campbell Chair | OfficerTrustee | 1 | $0 |
Karmala Sutton Chair-Elect | OfficerTrustee | 1 | $0 |
Suzanne Ashley Secretary/treasurer | OfficerTrustee | 1 | $0 |
Mark Adams Past Chair | Trustee | 1 | $0 |
Mark Homan Director | Trustee | 1 | $0 |
Grahm Debes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,000 |
| Government grants | $10,063 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,099,853 |
| Noncash contributions included in lines 1a–1f | $427,240 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,209,916 |
| Total Program Service Revenue | $0 |
| Investment income | $156,134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,512 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,363,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $701,537 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $300,664 |
| Fees for services: Legal | $1,783 |
| Fees for services: Accounting | $6,796 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,296 |
| Fees for services: Other | $2,012 |
| Advertising and promotion | $2,925 |
| Office expenses | $7,647 |
| Information technology | $4,204 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,799 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,156 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110 |
| Insurance | $1,502 |
| All other expenses | $0 |
| Total functional expenses | $1,128,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,437 |
| Savings and temporary cash investments | $569,103 |
| Pledges and grants receivable | $282,275 |
| Accounts receivable, net | $126 |
| 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 | $4,809 |
| Net Land, buildings, and equipment | $385 |
| Investments—publicly traded securities | $6,908,863 |
| Investments—other securities | $27,336 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,801,334 |
| Accounts payable and accrued expenses | $14,677 |
| Grants payable | $118,000 |
| 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 | $132,677 |
| Net assets without donor restrictions | $4,566,607 |
| Net assets with donor restrictions | $3,102,050 |
| 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 | $7,801,334 |
Grants Awarded
Over the last fiscal year, Foundation Of The Wisconsin Automobile & Truck Dealers Assoc has awarded $74,300 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AQUINAS CATHOLIC SCHOOLS INC PURPOSE: GENERAL PURPOSES | $7,900 |
NORWALK ONTARIO WILTON SCHOOL DISTRICT PURPOSE: GENERAL PURPOSES | $12,500 |
HOLMEN ATHLETIC BOOSTER CLUB INC PURPOSE: GENERAL PURPOSES | $10,400 |
SCHOOL DISTRICT OF LA CROSSE PURPOSE: GENERAL PURPOSES | $8,300 |
SCHOOL DISTRICT OF ONALASKA PURPOSE: GENERAL PURPOSES | $5,900 |
SCHOOL DISTRICT OF WEST SALEM PURPOSE: GENERAL PURPOSES | $6,000 |