Wisconsin Foundation For School Music Inc
- Assets
- $417.1k
- Revenue
- $58.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Waunakee, WI
- Founding
- 05/1996
- Data as of
- 06/2022
- EIN
- 39-1826152
Organization Overview
Wisconsin Foundation For School Music Inc is located in Waunakee, WI. The organization was established in 1996. According to its NTEE Classification (I70) the organization is classified as: Protection Against Abuse, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Foundation For School Music 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 06/2022, Wisconsin Foundation For School Music Inc generated $58.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $65.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. 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
TO PROMOTE AND PERPETUATE MUSIC EDUCATION IN THE SCHOOLS OF WISCONSIN AND TO ASSIST IN CARRYING OUT THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE WISCONSIN SCHOOL MUSIC ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE SUPPORT TO WISCONSIN SCHOOL MUSIC ASSOCIATION (WSMA) TO INCREASE THE INVOLVEMENT OF ALL YOUTH IN MUSIC EDUCATION. WE ADMINISTER FOUR ENDOWMENTS SUPPORTING WSMA: 1) THE HONORS ENDOWMENT EARNINGS ARE USED TO SUPPORT KEEPING THE WSMA STATE HONORS MUSIC PROJECT AFFORDABLE FOR STUDENTS TO PARTICIPATE; 2) THE MIKE LECKRONE ENDOWMENT FUND EARNINGS PROVIDE SUPPORT TO STUDENTS AND TEACHERS BY COVERING COSTS ASSOCIATED WITH THE WSMA STATE MARCHING BAND CHAMPIONSHIPS; 3) THE AL JARREAU ENDOWMENT FUND WAS ESTABLISHED TO SUPPORT MILWAUKEE PUBLIC SCHOOLS STUDENTS WITH PARTICIPATION IN STATEWIDE MUSIC PROGRAMS OFFERED BY WSMA, AND 4) THE UNRESTRICTED ENDOWMENT SUPPORTS FOUNDATION PROGRAMS, PARTNER ORGANIZATIONS, REWARDS EXCELLENCE IN MUSIC EDUCATION, AND OPERATING EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Fellenz Executive Di | Officer | 4 | $11,975 |
Rich Appel President | OfficerTrustee | 3 | $0 |
Steve Plank President El | OfficerTrustee | 2 | $0 |
Richard Parks Past Preside | OfficerTrustee | 2 | $0 |
J Bernard Fiedler Treasurer | OfficerTrustee | 2 | $0 |
Gregg Butler Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,906 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,906 |
| Total Program Service Revenue | $0 |
| Investment income | $9,642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$697 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,851 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,419 |
| Grants and other assistance to domestic individuals. | $1,810 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,965 |
| Compensation of current officers, directors, key employees. | $10,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,091 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,167 |
| Office expenses | $4,164 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $859 |
| Insurance | $3,392 |
| All other expenses | $0 |
| Total functional expenses | $65,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,321 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,085 |
| Investments—publicly traded securities | $350,050 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,631 |
| Total assets | $417,087 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $18,778 |
| Net assets with donor restrictions | $398,309 |
| 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 | $417,087 |
Grants Awarded
Over the last fiscal year, Wisconsin Foundation For School Music Inc has awarded $37,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WISCONSIN SCHOOL MUSIC ASSOCIATION PURPOSE: MUSIC PROGRAMS | $30,600 |
WISCONSIN MUSIC EDUCATORS ASSOCIATI PURPOSE: MUSIC PROGRAMS | $7,100 |