Wisconsin Lumber Dealers Education Foundation Inc

Organization Overview

Wisconsin Lumber Dealers Education Foundation Inc is located in Hartland, WI. The organization was established in 2012. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Lumber Dealers Education Foundation Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Wisconsin Lumber Dealers Education Foundation Inc generated $98.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $70.4k during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE WISCONSIN LUMBER DEALERS EDUCATION FOUNDATION (WLDEF) IS A NON-PROFIT CORPORATION WHICH WAS CREATED AND SHALL BE OPERATED TO SUPPORT AND PROMOTE THE RETAIL LUMBER INDUSTRY IN WISCONSIN AND THE MICHIGAN UPPER PENINSULA. THE WLDEF WILL SUPPORT PROFESSIONAL EDUCATION AND TRAINING TO CURRENT WISCONSIN AND UPPER MICHIGAN BASED MEMBERS. THE WLDEF WILL SUPPORT ATTENDANCE AT EDUCATIONAL SEMINARS AND CONFERENCES, AND WILL DISSEMINATE EDUCATIONAL AND PROMOTIONAL INFORMATION ABOUT THE LUMBER AND BUILDING MATERIALS INDUSTRY. IT WILL ALSO PROVIDE SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO PERSONS WITH AN INTEREST IN THE BUILDING MATERIALS AND THE BUILDING TRADES TO PURSUE POST SECONDARY SCHOOL EDUCATION OPPORTUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING 2021, THE FOUNDATION INCREASED THE AMOUNT OF THE SCHOLARSHIPS AND AWARDED SCHOLARSHIPS TO 4 INDIVIDUALS WHO ARE ENROLLED IN A COLLEGE, UNIVERSITY, OR ACCREDITED VOCATIONAL PROGRAM OF HIGH LEARNING AND WHO HAVE INTEREST IN A CAREER THAT CENTERS ON, OR SUPPORTS, THE LUMBER AND BUILDING MATERIALS INDUSTRY, THE BUILDING TRADES, OR IN SMALL BUSINESS MANAGEMENT. THE FOUNDATION ALSO PROVIDED TUITION ASSISTANCE TO MEMBERS' EMPLOYEES WHO ATTENDED EDUCATIONAL PROGRAMS FOR THE LUMBER AND BUILDING MATERIALS INDUSTRY. WLDEF CO-SPONSORED AN VIRTUAL DISCOVERY SUMMIT FOR RETAIL LUMBER DEALERS WHICH WAS HELD IN LIEU OF THE ANNUAL WISCONSIN LUMBER DEALERS LEADERSHIP CONFERNECE BECUASE OF COVID-19.


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Board, Officers & Key Employees

Name (title)Compensation
Jacob Buswell
Chairperson
$0
Chris Hegeman
Vice-Chairperson
$0
Robert Rasmussen
Treasurer
$0
Erik Halvorsen
Secretary
$0
Pete Klingbeil
Director
$0
Gus Forslund
Director
$0

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $80,430
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $18,076
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $98,506

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