Wbcs Inc
- Assets
- $272.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 39-1926351
Organization Overview
Wbcs Inc is located in Milwaukee, WI. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wbcs 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 12/2021, Wbcs Inc generated $155.2k 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 (11.9%) each year. All expenses for the organization totaled $17.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (35.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DUE TO COVID-19, WE DID NOT HOLD THE FOLLOWING IN PERSON EVENTS IN 2021 (PREVIEW PARTY, SHOWHOUSE, FASHION SHOW). WE DID HOLD A GOLF OUTING IN AUGUST AND OCTOBER (THE EVENING EVENT WAS HELD IN AUGUST AND ACTUAL GOLF WAS RESCHEDULED TO OCTOBER DUE TO RAIN.) WE HAD AN ONLINE FASHION SHOW IN OCTOBER, AS WELL AS, A HOLIDAY WINE PULL. DUE TO A CHANGE IN MCW RESEARCH REVIEW PROCESSING, WE HAVE NOT GIVEN ANY OF OUR FUNDS TO MCW IN 2021. MCW HAS IMPLEMENTED A NEW SEMI-ANNUAL PROCESS WHEREBY THEY ONLY ASK US FOR FUNDS WHEN THEY HAVE RESEARCH REQUESTS FITTING OUR MISSION. WE ARE ANTICIPATING THAT IN THE NEXT ROUND MCW WILL REQUEST FUNDS FOR THEIR TEAM SCIENCE CATEGORY, FOCUSING ON PROSTATE CANCER RESEARCH, WHERE FUNDING WOULD BE FOR UP TO $150,000 PER ANNUM FOR A MAXIMUM OF TWO YEARS. WE ARE PLANNING TO HOLD ALL OF OUR SIGNATURE EVENTS IN 2022 INCLUDING OUR FIRST HOUSE SINCE 2019!
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claudia Gavery Director | 1 | $0 | |
Jan Lennon Director | 1 | $0 | |
Kimberly A Jones CPA Treasurer & Sec | 1 | $0 | |
Margie Edwards Director | 1 | $0 | |
Kellee Selden Director | 1 | $0 | |
Linda Short Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,793 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $36 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$25,612 |
| Other Revenue | $0 |
| Total Revenue | $155,217 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,336 |
| Other expenses | $10,739 |
| Total expenses | $17,675 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $267,260 |
| Other assets | $0 |
| Total assets | $272,260 |
| Total liabilities | $0 |
| Net assets or fund balances | $272,260 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wbcs Inc has recieved totaling $53.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $53 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
Community Foundation For The Land Of Lincoln Inc Springfield, IL | $62,800,465 | $16,636,147 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Chicago Cubs Charities Chicago, IL | $11,765,252 | $2,315,259 |
Delta Dental Of Illinois Foundation Naperville, IL | $25,024,389 | $3,455,775 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Detroit Childrens Fund Detroit, MI | $4,764,612 | $6,678,705 |
Chicago Scholarship Fund Inc Chicago, IL | $0 | $5,200,805 |
Mercy Health Corporation Rockford, IL | $1,246,524,503 | $10,286,365 |