Wisconsin State Fair Park Foundation Inc
- Assets
- $1.6m
- Revenue
- $556.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Milwaukee, WI
- Founding
- 12/1996
- Data as of
- 12/2023
- EIN
- 39-1840248
Organization Overview
Wisconsin State Fair Park Foundation Inc is located in Milwaukee, WI. The organization was established in 1996. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin State Fair Park Foundation 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 12/2023, Wisconsin State Fair Park Foundation Inc generated $556.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $475.1k during the year ending 12/2023. 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
PRESERVE AND ENHANCE THE WISCONSIN STATE FAIR PARK AND SUPPORT AGRICULTURE EDUCATION AND ARTS PROGRAMMING TIED TO THE FAIR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WISCONSIN STATE FAIR PARK FOUNDATION CONTINUED THE ART SHOW, SUPPORTED GENERAL OPERATIONS OF THE WISCONSIN STATE FAIR, AND PLANNED AND EXECUTED MAJOR FUNDRAISING INITIATIVES INCLUDING THE CREAM PUFF 5K RUN, FRIEND OF THE FAIR MEMBERSHIP PROGRAM AND ANNUAL GOLF OUTING. NEW IN 2023 THE FOUNDATION OPENED THE CHARITY BAR IN THE CENTRAL PARK AREA OF WI STATE FAIR PARK. THE CHARITY BAR WAS OPEN FROM JUNE-SEPTEMBER FOR WEDNESDAY NIGHT LIVE EVENTS AND DURING WI STATE FAIR AND HARVEST FAIR. THE FOUNDATION RECEIVED 30 OF ALL SALES FROM THE CHARITY BAR. THE FOUNDATION ALSO SPONSORED THE FIRST AG DISCOVERY DAY WHICH WELCOMED 1,000 ELEMENTARY STUDENTS FROM MILWAUKEE, WAUWATOSA WEST ALLIS FOR AN EDUCATIONAL FIELD TRIP ABOUT WI AGRICULTURE. THE FOUNDATION COMPLETED A MAJOR CAPITAL IMPROVEMENT OF CENTRAL PARK FEATURING A NEW FOUNTAIN THAT HIGHLIGHTS WISCONSIN STONE AND METALWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Deweerdt Executive Director | Officer | 40 | $87,833 |
Tom Burmeister Director | Trustee | 1 | $0 |
Curt Kluth Director | Trustee | 1 | $0 |
Alison Hanrahan Treasurer | OfficerTrustee | 2 | $0 |
Dan Elias Director | Trustee | 1 | $0 |
Joanne Anton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $38,785 |
| Fundraising events | $104,683 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $230,018 |
| Noncash contributions included in lines 1a–1f | $15,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $373,486 |
| Total Program Service Revenue | $161,659 |
| Investment income | $25,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,386 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $556,599 |
| 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. | $88,454 |
| Compensation of current officers, directors, key employees. | $17,691 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,100 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,666 |
| Information technology | $4,030 |
| 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 | $7,993 |
| Insurance | $3,829 |
| All other expenses | $0 |
| Total functional expenses | $475,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $878,368 |
| Savings and temporary cash investments | $504,401 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $16,061 |
| 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 | $1,228 |
| Net Land, buildings, and equipment | $32,954 |
| Investments—publicly traded securities | $134,943 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,587,955 |
| Accounts payable and accrued expenses | $6,316 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $11,316 |
| Net assets without donor restrictions | $852,387 |
| Net assets with donor restrictions | $724,252 |
| 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 | $1,587,955 |
Grants Awarded
Over the last fiscal year, Wisconsin State Fair Park Foundation Inc has awarded $232,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WISCONSIN STATE FAIR PARK PURPOSE: Central Mall Reno, Fair Agriculture Programs | $132,000 |
WI STATE FAIR DAIRY PROMOTION BOARD PURPOSE: Dairy Lane Project | $100,000 |