Wisconsin Manufacturing Extension Partnership Inc
- Assets
- $3.5m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 42
- Location
- Madison, WI
- Founding
- 06/2016
- Data as of
- 12/2023
- EIN
- 47-5663762
Organization Overview
Wisconsin Manufacturing Extension Partnership Inc is located in Madison, WI. The organization was established in 2016. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 12/2023, Wisconsin Manufacturing Extension Partnership Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Manufacturing Extension Partnership 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 12/2023, Wisconsin Manufacturing Extension Partnership Inc generated $6.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $6.7m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TARGETED CONSULTING SERVICES TO SMALL AND MEDIUM MANUFACTURERS WITHIN OUR SERVICE TERRITORY IN WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WISCONSIN MANUFACTURING EXTENSION PARTNERSHIP, INC. (WMEP) PROVIDES CONSULTING SERVICES PRIMARILY TO MANUFACTURERS IN THE STATE OF WISCONSIN. MORE THAN 520 CLIENTS WERE SERVED BY THE WMEP IN 2023, OF WHICH MORE THAN 220 WERE CONTRACTED WITH FOR PROJECT WORK. FURTHER, THE WMEP PARTICIPATED IN OVER 50 EDUCATIONAL OR COMMUNITY BUILDING EVENTS, INCLUDING THE SPONSORSHIP OF THE MANUFACTURING MATTERS! CONFERENCE WITH OVER 550 ATTENDEES AND A SUSTAINABILITY CONFERENCE WITH OVER 360 ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katrina Goetz Secretary | OfficerTrustee | 1 | $0 |
Jim Schneberger Vice Chair | OfficerTrustee | 1 | $0 |
Todd Zakreski Chair | OfficerTrustee | 1 | $0 |
Ashish Bendre Director | Trustee | 1 | $0 |
Nick Kroll Director (thru 09/23) | Trustee | 1 | $0 |
Greg Lee Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Falcon Safety Group Consulting Services | 12/30/22 | $177,966 |
Board Of Regents Of The University Of Wi Partner - Consulting Services | 12/30/22 | $125,036 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,685,323 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,875 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,755,198 |
| Total Program Service Revenue | $2,702,011 |
| Investment income | $43,059 |
| 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 | $6,500,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $125,000 |
| 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. | $621,424 |
| Compensation of current officers, directors, key employees. | $621,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,415,952 |
| Pension plan accruals and contributions | $82,965 |
| Other employee benefits | $357,842 |
| Payroll taxes | $319,927 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,150 |
| Fees for services: Accounting | $18,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $498,705 |
| Advertising and promotion | $97,957 |
| Office expenses | $259,165 |
| Information technology | $36,000 |
| Royalties | $0 |
| Occupancy | $120,926 |
| Travel | $248,662 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $240,599 |
| Interest | $125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $180,824 |
| Insurance | $33,368 |
| All other expenses | $8,084 |
| Total functional expenses | $6,687,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,686 |
| Savings and temporary cash investments | $1,658,728 |
| Pledges and grants receivable | $849,995 |
| Accounts receivable, net | $422,396 |
| 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 | $73,582 |
| Net Land, buildings, and equipment | $177,623 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $93,794 |
| Total assets | $3,528,804 |
| Accounts payable and accrued expenses | $718,412 |
| Grants payable | $0 |
| Deferred revenue | $619,274 |
| 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 | $90,395 |
| Total liabilities | $1,428,081 |
| Net assets without donor restrictions | $2,100,723 |
| Net assets with donor restrictions | $0 |
| 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 | $3,528,804 |