Foundation Of The Wisconsin Automobile & Truck Dealers Assoc
- Assets
- $6.9m
- Revenue
- $1.4m
- Investments
- $33.2k
- Employees
- 0
- Location
- Madison, WI
- Founding
- 04/1992
- Data as of
- 12/2021
- 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 12/2021, Foundation Of The Wisconsin Automobile & Truck Dealers Assoc 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 5.6% each year. All expenses for the organization totaled $962.0k during the year ending 12/2021. While expenses have increased by 2.4% 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
2021
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 IN FURTHERANCE OF FREE ENTERPRISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPSACTIVITIES RELATED TO PROVIDING EDUCATION SCHOLARSHIPS TO INDIVIDUALS PURSUING A CAREER IN THE AUTOMOBILE AND TRANSPORTATION INDUSTRIES. TRANSPORTATION TECHNICIAN SCHOLARSHIPS ARE AWARDED TO STUDENTS WHO SUCCESSFULLY QUALIFY THROUGH THE FOUNDATION'S APPLICATION PROCESS. THE PROCESS PROVIDES EACH APPLICANT THE OPPORTUNITY TO SHOWCASE THEIR INDIVIDUAL CAREER ABILITIES AND POTENTIAL FOR BEING A FUTURE TECHNICIAN. THE FOUNDATION PROVIDED ENROLLMENT ASSISTANCE FOR OVER 200 APPLICANTS AND AWARDED $ 193,000 IN ONE AND TWO-YEAR SCHOLARSHIPS AND $ 418,000 IN DONATED AUTOMOTIVE TOOL SETS, TO TRANSPORTATION STUDENTS ATTENDING WISCONSIN TECHNICAL COLLEGES.
EDUCATIONACTIVITIES RELATED TO CAREER AWARENESS THROUGHOUT WISCONSIN INCLUDING: INTRODUCE INDIVIDUALS TO THE VARIETY OF WORK OPPORTUNITIES AVAILABLE IN THE DEALERSHIP INDUSTRY AND THE EDUCATION REQUIREMENTS, PROVIDE INDIVIDUALS WITH INFORMATION ON SUCCESSFUL JOB SEARCH AND INTERVIEW TECHNIQUES, PARTICIPATION IN THE TEACHER CERTIFICATION INSTITUTES TO MAINTAIN THEIR PROFESSIONAL STATUS AND HELP MANAGE THE WISCONSIN AUTOMOTIVE SERVICE EXCELLENCE (ASE) PROGRAM THROUGHOUT WISCONSIN.STUDENT CAREER FAIRS - THE CAREER AWARENESS PROGRAM SERVES STUDENTS THROUGHOUT WISCONSIN. ATTENDEES AND THEIR FAMILIES ARE INTRODUCED TO A VARIETY OF WORK OPPORTUNITIES AVAILABLE AT DEALERSHIPS 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 - THE FOUNDATION CONDUCTS TWO TEACHER CERTIFICATION INSTITUTES FOR TRANSPORTATION TEACHERS TO ASSIST THEM IN MAINTAINING THEIR PROFESSIONAL STATUS. THE TEACHERS INSTITUTE PROVIDES WISCONSIN TEACHERS WITH PROFESSIONAL CREDIT HOURS. THESE TRAINING SESSIONS HELP TEACHERS AND PROGRAMS REMAIN CONTEMPORARY AND MAINTAIN INDUSTRY STANDARDS. ASE ACCREDITATION - THE WISCONSIN AUTOMOTIVE SERVICE EXCELLENCE PROGRAM (ASE) STARTED IN 1997. ASE IS A SATELLITE PROGRAM ASSISTING TRANSPORTATION STUDENTS AND HIGH SCHOOL PROGRAM STUDENTS BY PROVIDING INDUSTRY CERTIFIED CONTINUING EDUCATION AND LIFELONG EMPLOYMENT FOR GRADUATES. THE FOUNDATION'S ASE PROGRAM CONTINUES TO SERVE 18 ACTIVE WISCONSIN HIGH SCHOOL AND CO-OP SITES AND SERVED OVER 2,300 STUDENTS. IN ADDITION, SUPPORT IS EXTENDED TO NON-ACCREDITED PROGRAMS THROUGHOUT WISCONSIN SERVING ANOTHER 75+ TRANSPORTATION EDUCATION PROGRAMS STATEWIDE.
COMMUNITY OUTREACHACTIVITIES RELATED TO PROMOTION OF THE AUTOMOBILE INDUSTRY AND THE GOODWILL DEALERSHIPS PROVIDE TO THE STATE OF WISCONSIN AND THEIR LOCAL COMMUNITIES. MIDDLE SCHOOL SUMMER CAMPS - THE FOUNDATION, IN PARTNERSHIP WITH TECHNICAL COLLEGES AND DEALERSHIPS, FACILITATES MIDDLE SCHOOL STUDENT SUMMER CAMPS CALLED NITRO-X CAMPS. THESE WEEKLONG EXPERIENCES EXPOSE YOUNG PEOPLE TO A WIDE VARIETY OF TRANSPORTATION RELATED CAREER PATHWAYS. STUDENT COMPETITIVE EVENTS - THE FOUNDATION, STAFF AND INDUSTRY VOLUNTEERS ARE THE TECHNICAL COMMITTEE FOR THE ANNUAL SKILLSUSA WISCONSIN AUTOMOTIVE COMPETITION. THE FOUNDATION ALSO ASSISTS AND CONTRIBUTES TO OTHER TRANSPORTATION STUDENT COMPETITIONS IN WISCONSIN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Shannon Jr Chair | OfficerTrustee | 1 | $0 |
Brent Kindred Vice President | OfficerTrustee | 40 | $0 |
Mark Adams Chair-Elect | OfficerTrustee | 1 | $0 |
Nolan Campbell Secretary/treasurer | OfficerTrustee | 1 | $0 |
William Sepic President | Officer | 5.5 | $0 |
Matthew Lavold Vice President/cfo/controller | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $877,660 |
| Noncash contributions included in lines 1a–1f | $418,118 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $977,660 |
| Total Program Service Revenue | $0 |
| Investment income | $260,278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $195,545 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,433,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $611,258 |
| 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 | $276,801 |
| Fees for services: Legal | $560 |
| Fees for services: Accounting | $5,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,573 |
| Fees for services: Other | $3,287 |
| Advertising and promotion | $1,433 |
| Office expenses | $4,499 |
| Information technology | $4,995 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $794 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,308 |
| All other expenses | $0 |
| Total functional expenses | $961,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,786 |
| Savings and temporary cash investments | $227,205 |
| Pledges and grants receivable | $258,976 |
| 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 | $482 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,254,106 |
| Investments—other securities | $33,229 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,926,784 |
| Accounts payable and accrued expenses | $11,431 |
| Grants payable | $118,554 |
| 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 | $129,985 |
| Net assets without donor restrictions | $4,606,085 |
| Net assets with donor restrictions | $2,190,714 |
| 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 | $6,926,784 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Foundation Of The Wisconsin Automobile & Truck Dealers Assoc has recieved totaling $81,168.
| Awarding Organization | Amount |
|---|---|
Jerome J & Dorothy H Holz Fam Foundation 10192001 Milwaukee, WI PURPOSE: WISCONSIN AUTOMOTIVE TEACHING PROGRAMS | $25,000 |
Eau Claire Community Foundation Eau Claire, WI PURPOSE: UNRESTRICTED, SCHOLARSHIPS | $20,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: THE TECHNICIAN SCHOLARSHIP PROGRAM, WITH SPECIAL PREFERENCE FOR MILWAUKEE AREA STUDENTS | $14,649 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: THE TECHNICIAN SCHOLARSHIP PROGRAM, WITH SPECIAL PREFERENCE FOR MILWAUKEE AREA STUDENTS | $14,649 |
Wisconsin Masonic Foundation Dousman, WI PURPOSE: PROGRAM SUPPORT | $6,870 |
Endowment Analysis
| Beg. Balance | $1,769,780 |
| Earnings | $226,758 |
| Net Contributions | $57 |
| Other Expense | $162,357 |
| Ending Balance | $1,834,238 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |