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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jake Schlachter Executive Director | Officer | 40 | $85,000 |
Don Kreis Chair | OfficerTrustee | 3 | $0 |
Nathan Schneider Secretary | OfficerTrustee | 2 | $0 |
Kathryn Anderson Treasurer | OfficerTrustee | 2 | $0 |
Patrick Cox Trustee | Trustee | 2 | $0 |
James Blaine Trustee | Trustee | 2 | $0 |
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 |
Over the last fiscal year, We Own It Inc has awarded $59,000 in support to 7 organizations.
Grant Recipient | Amount |
---|---|
Montevideo, MN PURPOSE: STIPEND FOR PARTICIPATION IN OUR FELLOWSHIP PROGRAM; RESEARCHING AND WRITING A REPORT ON FINANCING STRATEGIES FOR BENEFICIAL ELECTRIFICATION | $17,000 |
Traverse City, MI PURPOSE: RESEARCHING AND WRITING A REPORT ON FINANCING STRATEGIES FOR BENEFICIAL ELECTRIFICATION | $9,000 |
Raleigh, NC PURPOSE: STIPEND FOR PARTICIPATION IN OUR FELLOWSHIP PROGRAM | $7,000 |
Jackson, MS PURPOSE: STIPEND FOR PARTICIPATION IN OUR FELLOWSHIP PROGRAM | $7,000 |
Billings, MT PURPOSE: STIPEND FOR PARTICIPATION IN OUR FELLOWSHIP PROGRAM | $7,000 |
London, KY PURPOSE: STIPEND FOR PARTICIPATION IN OUR FELLOWSHIP PROGRAM | $7,000 |
Over the last fiscal year, we have identified 1 grants that We Own It Inc has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Childcare Network Of Evanston Evanston, IL | $540,751 | $3,169,538 |
Miravida Living Inc Oshkosh, WI | $9,563,140 | $4,107,599 |
Allied Human Services Bloomfield Hills, MI | $4,604,901 | $3,422,814 |
Great Kids Inc Wausau, WI | $4,395,786 | $3,415,344 |
Dlccc Inc Detroit Lakes, MN | $5,495,968 | $3,199,939 |
D And M Consultants Inc Bloomfield Hills, MI | $1,227,099 | $1,464,839 |
Building Bridges Initiative Milwaukee, WI | $528,532 | $840,169 |
We Own It Inc Madison, WI | $314,170 | $491,036 |
Trillium Institute Grand Rapids, MI | $904,765 | $567,261 |
Coalition For Spiritual And Public Leadership Nfp Maywood, IL | $581,914 | $678,553 |
Ways To Work Inc Milwaukee, WI | $111,197 | $0 |
Pie For Providers Ltd Chicago, IL | $184,919 | $329,339 |