Wisconsin Compensation Rating Bureau
- Assets
- $9.2m
- Revenue
- $9.7m
- Investments
- $483.8k
- Employees
- 45
- Location
- Waukesha, WI
- Founding
- 09/1952
- Data as of
- 12/2021
- EIN
- 39-0712330
Organization Overview
Wisconsin Compensation Rating Bureau is located in Waukesha, WI. The organization was established in 1952. According to its NTEE Classification (Y19) the organization is classified as: Support N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Wisconsin Compensation Rating Bureau employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Compensation Rating Bureau 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 Compensation Rating Bureau generated $9.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $7.8m during the year ending 12/2021. While expenses have increased by 0.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RATING WORKERS COMPENSATION INSURANCE RISKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RATING WORKERS COMPENSATION RISKS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernard Rosauer President | Officer | 34 | $344,900 |
Tad Cleveland Vice President - Technical | Officer | 40 | $191,101 |
Michael Mann Vice President - It | Officer | 40 | $180,994 |
Nancy Kierzek Vice President - Administr | Officer | 40 | $137,609 |
Beth Nickel Vice President - Operation | Officer | 40 | $131,249 |
Paul Rohde It Support | 40 | $113,598 |
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 | $9,595,078 |
| Investment income | $75,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$674 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,681,252 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,166,425 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,264,270 |
| Pension plan accruals and contributions | $621,998 |
| Other employee benefits | $729,395 |
| Payroll taxes | $220,682 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,905 |
| Fees for services: Accounting | $48,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,818 |
| Fees for services: Other | $474,274 |
| Advertising and promotion | $0 |
| Office expenses | $86,011 |
| Information technology | $1,427,270 |
| Royalties | $0 |
| Occupancy | $372,952 |
| Travel | $34,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,291 |
| Interest | $0 |
| Payments to affiliates | $15,629 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $39,740 |
| All other expenses | $0 |
| Total functional expenses | $7,829,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,386 |
| Savings and temporary cash investments | $3,625,510 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $702,242 |
| 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 | $204,702 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,993,748 |
| Investments—other securities | $483,818 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,412 |
| Total assets | $9,215,818 |
| Accounts payable and accrued expenses | $7,725,696 |
| 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 | $10,433 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $145,959 |
| Total liabilities | $7,882,088 |
| Net assets without donor restrictions | $1,333,730 |
| 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 | $9,215,818 |