Wisconsin Public Service Foundation Inc is located in Green Bay, WI. The organization was established in 1964. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Public Service Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Wisconsin Public Service Foundation Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOLE PURPOSE OF WISCONSIN PUBLIC SERVICE FOUNDATION IS TO PROVIDE CONTRIBUTIONS TO LOCAL CHARITABLE ORGANIZATIONS AND SCHOLARSHIPS FOR EDUCATIONAL PURPOSES.
| Name (title) | Role | Hours | Compensation | 
|---|---|---|---|
| M Beth Straka President, Director | 0 | $17,491 | |
| William J Guc Treasurer | 0 | $0 | |
| Margaret C Kelsey Secretary/director | 0 | $0 | |
| Gale E Klappa Director | 0 | $0 | |
| Scott J Lauber Director | 0 | $0 | |
| Paul J Spicer Director | 0 | $0 | 
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 | 
| Interest on Savings | $0 | 
| Dividends & Interest | $594,070 | 
| Net Rental Income | $0 | 
| Net Gain on Sale of Assets | $1,819,513 | 
| Capital Gain Net Income | $1,821,517 | 
| Net ST Capital Gain | $0 | 
| Income Modifications | $0 | 
| Profit on Inventory Sales | $0 | 
| Other Income | $285 | 
| Total Revenue | $2,413,868 | 
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,328 | 
| Other employee salaries and wages | $67,987 | 
| Pension plans, employee benefits | $0 | 
| Interest | $0 | 
| Taxes | $35,000 | 
| Depreciation | $0 | 
| Occupancy | $0 | 
| Travel, conferences, and meetings | $99 | 
| Printing and publications | $116 | 
| Other expenses | $46,600 | 
| Total operating and administrative expenses | $188,045 | 
| Contributions, gifts, grants paid | $1,700,004 | 
| Total expenses and disbursements | $1,888,049 | 
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,152 | 
| Savings and temporary cash investments | $29,483 | 
| Net Accounts receivable | $0 | 
| Net Pledges Receivable | $0 | 
| Grants receivable | $0 | 
| Receivables from Officers, Directors, or Controlling Persons | $0 | 
| Net other notes and loans receivable | $0 | 
| Inventories for sale or use | $0 | 
| Prepaid expenses and deferred charges | $0 | 
| Net Investments - land, buildings, equipment | $0 | 
| Investments—mortgage loans | $0 | 
| Investments—other | $704,661 | 
| Net Land, buildings, and equipment | $0 | 
| Other assets | $3,670 | 
| Total assets | $36,455,212 | 
| Accounts payable and accrued expenses | $19,471 | 
| Grants payable | $0 | 
| Deferred revenue | $0 | 
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 | 
| Mortgages and other notes payable | $0 | 
| Other liabilities | $0 | 
| Total liabilities | $19,471 |