We Own It Inc
- Assets
- $314.2k
- Revenue
- $491.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Madison, WI
- Founding
- 02/2016
- Data as of
- 12/2019
- EIN
- 47-4058872
Organization Overview
We Own It Inc is located in Madison, WI. The organization was established in 2016. According to its NTEE Classification (P02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Human Services and related organizations. As of 12/2019, We Own It Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. We Own It 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 12/2019, We Own It Inc generated $491.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $626.8k during the year ending 12/2019. While expenses have increased by 26.0% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
CATALYZING CITIZEN ACTION FOR DEMOCRACY, PARTICIPATION, AND EXCELLENCE IN COOPERATIVES, THROUGH MEMBER EDUCATION AND ORGANIZING. OUR VISION IS AN ECONOMY THAT WORKS FOR ALL OF US, WITH MANY DEMOCRATICALLY-OWNED BUSINESSES WORKING TO BUILD CIVIC LEADERSHIP AND LOCAL ASSETS, EQUITY, ECONOMIC SECURITY, AND LONG-TERM SUSTAINABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CIVIC TEAM WORKS TO INVOLVE AND TRAIN COOPERATIVE MEMBER-OWNERS IN LEADERSHIP AND ADVOCACY WITHIN THEIR COOPERATIVE AND SUPPORTS THE FELLOWSHIP, A NATIONAL NETWORK OF ORGANIZATIONS COLLABORATING TO ACHIEVE THESE GOALS LOCALLY.
THE COMMUNICATIONS TEAM WORKS TO INSPIRE AND ADVANCE MEMBER-OWNER LEADERSHIP AND RESPONSIBLE COOPERATIVE POLICY NATIONALLY BY INTEGRATING MEMBER-OWNER CAMPAIGNS WITH SOUND ONLINE STRATEGY AND BY EXEMPLIFYING STORIES OF MEMBER-OWNER LEADERSHIP AND COOPERATIVE EXCELLENCE ACROSS THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Kreis Chair | OfficerTrustee | 3 | $0 |
Patrick Cox Trustee | Trustee | 2 | $0 |
Kathryn Anderson Treasurer | OfficerTrustee | 2 | $0 |
Nathan Schneider Secretary | OfficerTrustee | 2 | $0 |
James Blaine Trustee | Trustee | 2 | $0 |
Jake Schlachter Executive Director | Officer | 40 | $85,000 |
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 | $484,462 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $484,462 |
| Total Program Service Revenue | $0 |
| Investment income | $1,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $491,036 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $150,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,902 |
| Compensation of current officers, directors, key employees. | $27,271 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,700 |
| Pension plan accruals and contributions | $3,600 |
| Other employee benefits | $386 |
| Payroll taxes | $11,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,687 |
| Fees for services: Accounting | $4,516 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,994 |
| Advertising and promotion | $19,660 |
| Office expenses | $19,988 |
| Information technology | $10,723 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $34,027 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,225 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,898 |
| Insurance | $1,399 |
| All other expenses | $205 |
| Total functional expenses | $626,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,577 |
| Savings and temporary cash investments | $174,648 |
| Pledges and grants receivable | $889 |
| 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 | $128,056 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $314,170 |
| Accounts payable and accrued expenses | $12,645 |
| 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 | $12,645 |
| Net assets without donor restrictions | $101,525 |
| Net assets with donor restrictions | $200,000 |
| 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 | $314,170 |
Grants Awarded
Over the last fiscal year, We Own It Inc has awarded $59,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ONE VOICE PURPOSE: STIPEND FOR PARTICIPATION IN OUR FELLOWSHIP PROGRAM | $7,000 |
KENTUCKY COALITION INC PURPOSE: STIPEND FOR PARTICIPATION IN OUR FELLOWSHIP PROGRAM | $7,000 |
CLEAN UP THE RIVER ENVIRONMENT PURPOSE: STIPEND FOR PARTICIPATION IN OUR FELLOWSHIP PROGRAM; RESEARCHING AND WRITING A REPORT ON FINANCING STRATEGIES FOR BENEFICIAL ELECTRIFICATION | $17,000 |
NORTH CAROLINA COUNCIL OF CHURCHES PURPOSE: STIPEND FOR PARTICIPATION IN OUR FELLOWSHIP PROGRAM | $7,000 |
NORTHERN PLAINS RESOURCE COUNCIL PURPOSE: STIPEND FOR PARTICIPATION IN OUR FELLOWSHIP PROGRAM | $7,000 |
CENTER FOR RURAL AFFAIRS PURPOSE: RESEARCHING AND WRITING A REPORT ON FINANCING STRATEGIES FOR BENEFICIAL ELECTRIFICATION | $5,000 |