Wisconsin Council On Medical Education & Workforce Inc
- Assets
- $305.4k
- Revenue
- $76.4k
- Investments
- $285.9k
- Employees
- 0
- Location
- Madison, WI
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 47-1800780
Organization Overview
Wisconsin Council On Medical Education & Workforce Inc is located in Madison, WI. The organization was established in 2016. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Council On Medical Education & Workforce 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 12/2023, Wisconsin Council On Medical Education & Workforce Inc generated $76.4k 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 (15.9%) each year. All expenses for the organization totaled $181.2k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS STATED IN WCMEW'S BYLAWS, THE FOUNDATION'S PRIMARY PURPOSE INCLUDES SUPPORTING EFFORTS TO DEVELOP AND MAINTAIN A WORKFORCE THAT MEETS CURRENT AND FUTURE HEALTH CARE NEEDS IN WISCONSIN.ACTIVITIES INCLUDED HOSTING A STATEWIDE HEALTHCARE WORKFORCE SUMMIT, WHERE STAKEHOLDERS CONVENED TO DISCUSS CHALLENGES AND OPPORTUNITIES IN MEETING WISCONSIN'S HEALTHCARE WORKFORCE NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Quinn Executive Director | 30 | $111,500 | |
Timothy Size Chair | 1 | $0 | |
Jim Lorence Vice Chair | 1 | $0 | |
Eric Borgerding Secretary And Treasurer | 1 | $0 | |
John Russell Board Member | 1 | $0 | |
Paul Wertsch Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $46,613 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,333 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,321 |
| Capital Gain Net Income | $4,321 |
| Net ST Capital Gain | $4,321 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,126 |
| Total Revenue | $76,393 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $111,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,640 |
| Printing and publications | $0 |
| Other expenses | $8,329 |
| Total operating and administrative expenses | $181,178 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $181,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,154 |
| Savings and temporary cash investments | $10,310 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $305,375 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |