Wisdom Inc
- Assets
- $60.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kenosha, WI
- Founding
- 07/2005
- Data as of
- 12/2021
- EIN
- 20-1643797
Organization Overview
Wisdom Inc is located in Kenosha, 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. This organization is a subordinate organization within 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 12/2021, Wisdom Inc generated $59.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $73.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
OUR HOMELESS TASKFORCE IDENTIFIED THAT LACK OF AFFORDABLE HOUSING WAS THE UNDERLYING ISSUE INTERFERING WITH PLACING PEOPLE ON THE STATE CONTINUUM OF CARE FOR HOMELESSNESS, FOR GRADUATING CLIENTS OUT OF THE SHALOM CENTER (OUR LOCAL HOMELESS SHELTER) AND FOR PARENTS WHO STRUGGLE TO LOCATE SAFE HOUSING FOR THEIR ADULT CHILDRENWHO LIVE WITH MENTAL ILLNESS. BECAUSE OF THE HUGE LOCAL IMPACT THAT THESE THREE AREAS COVER, THE HOMELESS TASKFORCE HAS REDEFINED ITS FOCUS AS THE AFFORDABLE HOUSING TASKFORCE. THEY HAVE GOTTEN LOCAL AGENCIES OUT OF THEIR SERVICE SILOS AND HAVE THEM WORKING TOGETHER, DOING EDUCATION AND LEGAL ADVOCACY TO EXPAND AWARENESS ABOUT THE DESPERATE SHORTAGES OF AFFORDABLE HOUSING AND HOW THEY AFFECT US ALL. THE IMMIGRATION TASK FORCE, WHILE CONTINUING OUT ADVOCACY FOR IMMIGRATION RIGHTS, BRANCHED OUT TO PROVIDE RENTAL ASSISTANCE FOR UNDOCUMENTED FAMILIES WHO DID NOT QUALIFY FOR GOVERNMENT HELP DURING THE PANDEMIC. IN CONJUNCTION WITH THE STATEWIDE WISDOM RESTORE OUR COMMUNITIES CAMPAIGN (ROC) TO END MASS INCARCERATION IN WI, CUSH HAS REFORMED OUR CUSH ROC TASK FORCE. CUSH IS ACTIVELY WORKING ON STRATEGIES TO ABOLISH CRIMELESS REVOCATIONS. WITH THE HELP OF AN ORGANIZER PROVIDED BY WISDOM, CUSH LAUNCHED A GET OUT THE VOTE CAMPAIGN IN OUR CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Gari Green Director | 1 | $0 | |
Rev Kathleen Gloff Past President | 1 | $0 | |
Beverly Stoops Director | 1 | $0 | |
Richard Christenen Director | 1 | $0 | |
Richard Mich Director | 1 | $0 | |
Pastor Kevin Beebe Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,791 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,542 |
| Other Revenue | $0 |
| Total Revenue | $59,336 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $43,775 |
| Professional fees and other payments to independent contractors | $13,044 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $923 |
| Other expenses | $15,651 |
| Total expenses | $73,393 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,174 |
| Other assets | $0 |
| Total assets | $60,174 |
| Total liabilities | $5,307 |
| Net assets or fund balances | $54,867 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wisdom Inc has recieved totaling $7,045.
| Awarding Organization | Amount |
|---|---|
Wisdom Inc Milwaukee, WI PURPOSE: SOCIAL JUSTICE | $7,040 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
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