Wisdom Inc
- Assets
- $1.4m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 128
- Location
- Milwaukee, WI
- Founding
- 07/2005
- Data as of
- 12/2022
- EIN
- 39-1985101
Organization Overview
Wisdom Inc is located in Milwaukee, WI. The organization was established in 2005. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Wisdom Inc employed 128 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Wisdom 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 12/2022, Wisdom Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $2.9m during the year ending 12/2022. While expenses have increased by 11.3% per year over the past 8 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.
Since 2015, Wisdom Inc has awarded 56 individual grants totaling $1,169,528. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WISDOM WORKS WITH CONGREGATION-BASED COMMUNITY ORGANIZATIONS TO CREATE UNDERSTANDING AND BUILD RELATIONSHIPS ACROSS BOUNDARIES, TO TRAIN LEADERS, AND TO ORGANIZE PEOPLE TO ADVOCATE FOR SOCIAL CHANGE THAT IS IN ACCORD WITH THEIR VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WISDOM AND ITS AFFILIATE ORGANIZATIONS RETOOLED QUICKLY IN RESPONSE TO THE COVID 19 PANDEMIC. INTENTIONAL VOTER ENGAGEMENT CAMPAIGN PROJECTS AROUND THE STATE CHANGED THE GET OUT THE VOTE OUTREACH TO VIRTUAL FORMATS AND PHONEBANK PROJECTS. LEADERSHIP TRAINING WORKSHOPS ALSO WENT VIRTUAL, INCLUDING THE SIGNATURE FIVEWEEK LEADERSHIP INSTITUTE OF WHICH THERE WERE FIVE SEPARATE SESSIONS. THIS ALLOWED FOR VERY DIVERSE PARTICIPATION AS SESSIONS WERE OPEN TO PEOPLE AROUND THE STATE. WE INITIATED THE WISDOM SCHOOL OF DEMOCRACY, A SERIES OF TUESDAY NIGHT SESSIONS FOR VOTER EDUCATION, AS WELL AS A SERIES OF SATURDAY MORNING WORKSHOPS FOCUSING ON VARIOUS WISDOM ISSUE CAMPAIGNS. WE CONTINUED TO HOLD BOARD, CORE TEAM AND TASK FORCE MEETINGS, BY ZOOM. WISDOM LEADERS CONTINUED TO LEAD PUBLIC ACTIONS MASKED AND DISTANCED FOR EXAMPLE AGAINST RACISM IN PUBLIC SCHOOLS IN BURLINGTON, AROUND THE STATE FOR RACIAL EQUITY, AND AT THE GOVERNOR'S MANSION AND 9 WISCONSIN PRISONS CALLING FOR PROTECTION FOR THOSE IN PRISON AGAINST COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Marian Boyle President | OfficerTrustee | 1 | $0 |
Sue Spicer Secretary | OfficerTrustee | 1 | $0 |
Bob Monahan Treasurer | OfficerTrustee | 1 | $0 |
Ann Lacy Financial Secretary | OfficerTrustee | 1 | $0 |
Ron Alexander Vice President | OfficerTrustee | 1 | $0 |
Talib Akbar Vice President | OfficerTrustee | 1 | $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 | $1,580,485 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,580,485 |
| Total Program Service Revenue | $1,573,408 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,700 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,159,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $111,523 |
| 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. | $72,449 |
| Compensation of current officers, directors, key employees. | $14,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,724,813 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $319,444 |
| Payroll taxes | $172,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,846 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,339 |
| Advertising and promotion | $0 |
| Office expenses | $27,215 |
| Information technology | $13,205 |
| Royalties | $0 |
| Occupancy | $21,129 |
| Travel | $96,370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,886 |
| Interest | $284 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,572 |
| All other expenses | $11,842 |
| Total functional expenses | $2,871,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,639 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $118,771 |
| Accounts receivable, net | $698,646 |
| 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 | $4,350 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $141,640 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $128,268 |
| Total assets | $1,370,314 |
| Accounts payable and accrued expenses | $92,887 |
| 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 | $98,031 |
| Total liabilities | $190,918 |
| Net assets without donor restrictions | $995,290 |
| Net assets with donor restrictions | $184,106 |
| 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 | $1,370,314 |
Grants Awarded
Over the last fiscal year, Wisdom Inc has awarded $107,132 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MICAH PURPOSE: SOCIAL JUSTICE | $20,000 |
EXPO OF WISCONSIN PURPOSE: SOCIAL JUSTICE | $27,332 |
ESTHER PURPOSE: SOCIAL JUSTICE | $8,800 |
JONAH PURPOSE: SOCIAL JUSTICE | $21,000 |
CITIZEN ACTION OF WISCONSIN EDUCATIONAL FUND PURPOSE: SOCIAL JUSTICE | $20,000 |
WISCONSIN ALLIANCE FOR WOMEN'S HEALTH INC PURPOSE: SOCIAL JUSTICE | $10,000 |