Weac Region 7
- Assets
- $792.7k
- Revenue
- $969.8k
- Investments
- $465.5k
- Employees
- 9
- Location
- Brookfield, WI
- Founding
- 07/1973
- Data as of
- 08/2023
- EIN
- 39-1175604
Organization Overview
Weac Region 7 is located in Brookfield, WI. The organization was established in 1973. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 08/2023, Weac Region 7 employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weac Region 7 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2023, Weac Region 7 generated $969.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $1.0m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 8 years. 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 A GOVERNANCE STRUCTURE THROUGH WHICH MEMBER LOCAL ASSOCIATIONS MAY COOPERATIVELY PROVIDE SERVICES FOR THEIR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF WEAC REGION 7 IS TO PROVIDE A GOVERNANCE STRUCTURE THROUGH WHICH MEMBER LOCAL ASSOCIATIONS MAY COOPERATIVELY PROVIDE SERVICES FOR THEIR MEMBERS AND CARRY OUT THE FOLLOWING OBJECTIVES: PROVIDE ASSISTANCE IN OBTAINING IMPROVED WAGES, HOURS, AND WORKING CONDITIONS TO SCHOOL PERSONNEL REPRESENTED BY MEMBER LOCAL ASSOCIATIONS; PROMOTE POSITIVE PUBLIC ATTITUDES TOWARD SCHOOL PERSONNEL AND EDUCATION; WORK THROUGH LOCAL UNITS, WEAC, AND NEA TO ELECT CANDIDATES FOR PUBLIC OFFICE WHO WILL SUPPORT THE GOALS OF SCHOOL PERSONNEL AND EDUCATION; IMPROVE, DEVELOP, AND ENFORCE HIGH STANDARDS OF HIRING, REASSIGNING, OR RETAINING PERSONS IN EDUCATION; DEFEND THE EMPLOYMENT RIGHTS OF SCHOOL PERSONNEL; SECURE PASSAGE OF BILLS WHICH ENHANCE EDUCATION; WORK TO ELIMINATE DISCRIMINATION AND DEMORALIZING PRACTICES AGAINST SCHOOL PERSONNEL AND CHILDREN; IMPLEMENT OTHER PRIORITIES AS ESTABLISHED BY THE REGION; TO FACILITATE THE EXCHANGE AND IMPROVE THE QUALITY OF EDUCATION IN AREAS OF CURRICULUM AND INSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Swick President | OfficerTrustee | 1 | $5,500 |
Meghan Faherty Vice President | OfficerTrustee | 1 | $1,000 |
Gail Kablau Secretary/treasurer | OfficerTrustee | 1 | $1,500 |
Ken Huber At-Large Member | Trustee | 1 | $0 |
Jennifer Kennedy At-Large Member | Trustee | 1 | $0 |
Joanna Rizzotto At-Large Member | Trustee | 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 | $188,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,140 |
| Total Program Service Revenue | $767,526 |
| Investment income | $2,197 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,829 |
| 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 | $969,756 |
| 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. | $634,974 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,669 |
| Pension plan accruals and contributions | $15,093 |
| Other employee benefits | $80,203 |
| Payroll taxes | $43,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,505 |
| Advertising and promotion | $0 |
| Office expenses | $21,196 |
| Information technology | $1,372 |
| Royalties | $0 |
| Occupancy | $53,416 |
| Travel | $30,698 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,554 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,363 |
| All other expenses | $5,288 |
| Total functional expenses | $1,004,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,539 |
| Savings and temporary cash investments | $69,394 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,444 |
| 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 | $5,447 |
| Net Land, buildings, and equipment | $3,180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $465,542 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,111 |
| Total assets | $792,657 |
| Accounts payable and accrued expenses | $380,022 |
| Grants payable | $0 |
| Deferred revenue | $21,617 |
| 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 | $40,247 |
| Total liabilities | $441,886 |
| Net assets without donor restrictions | $350,771 |
| 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 | $792,657 |