Wisconsin Education Association
- Assets
- $2.9m
- Revenue
- $456.4k
- Investments
- $200.0k
- Employees
- 2
- Location
- Madison, WI
- Founding
- 05/1939
- Data as of
- 08/2022
- EIN
- 39-0712860
Organization Overview
Wisconsin Education Association is located in Madison, WI. The organization was established in 1939. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 08/2022, Wisconsin Education Association employed 2 individuals. This organization is the central organization for a national or regional group of organizations. Wisconsin Education Association is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 08/2022, Wisconsin Education Association generated $456.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $547.3k during the year ending 08/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOLD TITLE TO PROPERTY OF WISCONSIN EDUCATION ASSOCIATION COUNCIL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WISCONSIN EDUCATION ASSOCIATION, INC. HOLDS TITLE TO AND MAINTAINS PROPERTY OCCUPIED BY WISCONSIN EDUCATION ASSOCIATION COUNCIL, AN AFFILIATED EXEMPT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Baxter Executive Director | OfficerTrustee | 1 | $0 |
Peggy Wirtz-Olsen President | OfficerTrustee | 1 | $0 |
Kim Schroeder Vice President | OfficerTrustee | 1 | $0 |
Nathan Ugoretz Secretary/treasurer | OfficerTrustee | 1 | $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 | $456,329 |
| Investment income | $50 |
| 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 | $456,379 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,410 |
| Pension plan accruals and contributions | $13,055 |
| Other employee benefits | $25,205 |
| Payroll taxes | $5,667 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,555 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $236,974 |
| Travel | $133 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,873 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $187,225 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $547,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,500 |
| Savings and temporary cash investments | $9,336 |
| Pledges and grants receivable | $0 |
| 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 | $11,072 |
| Net Land, buildings, and equipment | $2,548,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $200,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,949,488 |
| Accounts payable and accrued expenses | $26,378 |
| 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 | $982,053 |
| Total liabilities | $1,008,431 |
| Net assets without donor restrictions | $1,941,057 |
| 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 | $2,949,488 |