Wisconsin Demolay Foundation
- Assets
- $2.5m
- Revenue
- $40.9k
- Investments
- $2.4m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/1949
- Data as of
- 04/2023
- EIN
- 39-6081170
Organization Overview
Wisconsin Demolay Foundation is located in Milwaukee, WI. The organization was established in 1949. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Wisconsin Demolay Foundation 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 04/2023, Wisconsin Demolay Foundation generated $40.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $239.1k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO THE UNITED MASONIC BOARD FOR DEMOLAY (UMB). THE WISCONSIN DEMOLAY FOUNDATION PROVIDES THE FINANCIAL SUPPORT SO THE UMB CAN PROVIDE PROGRAMS & ACTIVITIES GEARED TO DEMOLAY MEMBERS (BOYS AGED 12-21) INCLUDING THE ANNUAL MEETING, SWEETHEART WEEKEND, & VARIOUS YOUTH-ORIENTED EDUCATIONAL/LEADERSHIP ACTIVITIES.
SCHOLARSHIPS GRANTS. THE WISCONSIN DEMOLAY FOUNDATION OFFERS SCHOLARSHIPS TO ELIGIBLE HIGH SCHOOL GIRLS & BOYS THAT SUBMIT AN APPLICATION FOR POST-SECONDARY EDUCATION ASSISTANCE. THE APPLICATIONS ARE REVIEWED BY A COMMITTEE OF WISCONSIN DEMOLAY FOUNDATION DIRECTORS. AMOUNTS ARE AWARDED UP TO $2,800 PER YEAR.
INTERNATIONAL DEMOLAY FOUNDATION (IDF). THE WISCONSIN DEMOLAY FOUNDATION PROVIDES FINANCIAL SUPPORT TO THE IDF SO IT CAN PROVIDE SIMILAR PROGRAMS & ACTIVITIES ON AN INTERNATIONAL LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul T Tourville President | 2.2 | $0 | |
Allan E Iding Vice President | 1.2 | $0 | |
Carl J Wussow Secretary | 1 | $0 | |
Douglass Winter Treasurer | 2.2 | $0 | |
Kevin Breitzmann Director | 0.1 | $0 | |
Craig Campbell Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,739 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,638 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $81,135 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,941 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,390 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,732 |
| Total operating and administrative expenses | $25,713 |
| Contributions, gifts, grants paid | $213,350 |
| Total expenses and disbursements | $239,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,772 |
| Savings and temporary cash investments | $11,631 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $153,907 |
| Net Land, buildings, and equipment | $74,470 |
| Other assets | $0 |
| Total assets | $2,494,208 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Wisconsin Demolay Foundation has awarded $213,350 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED MASONIC BOARD FOR DEMOLAY IN WISCONSIN INC PURPOSE: SUPPORT ACTIVITIES | $180,000 |
VARIOUS SCHOLARSHIP RECIPIENTS PURPOSE: SUPPORT EDUCATION EXPENSES | $33,350 |