Wisconsin Bankers Association Insurance Trust Fund

Organization Overview

Wisconsin Bankers Association Insurance Trust Fund is located in Sun Prairie, WI. The organization was established in 1996. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Bankers Association Insurance Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Wisconsin Bankers Association Insurance Trust Fund generated $8.7m 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 (11.5%) each year. All expenses for the organization totaled $8.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 7 years. 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

TO PROVIDE HEALTH AND WELFARE BENEFITS TO MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAYMENTS TO PROVIDE HEALTH AND WELFARE BENEFITS TO ITS MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee
$6,000
Timothy Schueler
Vice President/secretary
$0
Charlie Schmalz
President
$0
Paul Adamski
Treasurer
$0
Daryll J Lund
Executive Vice President
$0
John Knellwolf
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$8,581,707
Investment income $2,049
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 $8,671,517

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