Wea Member Benefits Foundation Inc
- Assets
- $554.2k
- Revenue
- $350.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 83-3341845
Organization Overview
Wea Member Benefits Foundation Inc is located in Madison, WI. The organization was established in 2019. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wea Member Benefits 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, Wea Member Benefits Foundation Inc generated $350.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 30.9% each year . All expenses for the organization totaled $7.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PUBLIC EDUCATION, PUBLIC EDUCATORS, AND THE COMMUNITIES THEY SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT ART CONTEST -- THE FOUNDATION CO-SPONSORS THIS ANNUAL CONTEST BY PROVIDING MEANINGFUL AWARDS TO THE WINNING ARTISTS TO MAKE A DIFFERENCE IN THE LIVES OF THE STUDENTS WHO RECEIVE THEM BY ENHANCING THEIR SELF-ESTEEM AND MOTIVATING THEM TO ACHIEVE THEIR GOALS BY FOLLOWING THEIR PASSION FOR THE ARTS, AND TO BRING POSITIVE ENERGY AND ATTENTION TO PUBLIC SCHOOL ART EDUCATION PROGRAMS THROUGHOUT WISCONSIN.
TEACHER OUTREACH -- $100 GIFT CARD GIVEAWAY TO PROVIDE CLASSROOM SUPPORT TO TWENTY PUBLIC SCHOOL TEACHERS. WINNERS WERE DRAWN RANDOMLY FROM THOSE WHO ENTERED.
SCHOOL-BASED MENTAL HEALTH PROGRAM -- THE FOUNDATION IS PILOTING A STATEWIDE EFFORT TO ESTABLISH A CLEAR FUNDING PATH TO HELP PHILANTHROPIC ORGANIZATIONS AND INDIVIDUALS PROVIDE FINANCIAL SUPPORT OF SCHOOL-BASED MENTAL HEALTH FOR K-12 STUDENTS.
STUDENT INTERNET ACCESS PROGRAM -- THE FOUNDATION LAUNCHED A PILOT PROJECT TO TEST AND REFINE A STATEWIDE FUNDING MODEL TO ATTRACT, ALIGN, AND SUSTAIN FINANCIAL SUPPORT FROM OTHER PRIVATE FUNDERS TO HELP MANY RURAL AND LOW-INCOME PREK-12 STUDENT HOUSEHOLDS CONNECT TO THE INTERNET THROUGHOUT WISCONSIN WHERE ACCESS AND/OR AFFORDABILITY MAY BE A BARRIER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kijek President | Officer | 1 | $0 |
Merry Bachim Secretary | Officer | 1 | $0 |
Rhonda Scheel Treasurer | Officer | 1 | $0 |
Janet Huenink Director | Trustee | 1 | $0 |
Elaine Stelter Director | Trustee | 1 | $0 |
Patrick Mcgrath Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,850 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,043 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,893 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $350,893 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,200 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,452 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $204,778 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $554,230 |
| Accounts payable and accrued expenses | $0 |
| 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 | $900 |
| Total liabilities | $900 |
| Net assets without donor restrictions | $333,052 |
| Net assets with donor restrictions | $220,278 |
| 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 | $554,230 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wea Member Benefits Foundation Inc has recieved totaling $100,165.
| Awarding Organization | Amount |
|---|---|
Wisconsin Education Association Insurance Trust Madison, WI PURPOSE: General Purposes | $100,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $165 |
Endowment Analysis
| Net Contributions | $104,778 |
| Ending Balance | $104,778 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
P E O Foundation Des Moines, IA | $140,487,423 | $16,863,604 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |
Drexel Funds Milwaukee, WI | $18,531,220 | $8,522,964 |
North Central States Regional Council Of Carpenters Trng Fund Eau Claire, WI | $10,404,488 | $4,232,713 |
Sme Education Foundation Southfield, MI | $34,257,056 | $11,054,523 |
Sand County Foundation Inc Madison, WI | $15,482,706 | $6,154,396 |
Jocotoco Conservation Foundation Chicago, IL | $1,868,451 | $2,719,939 |
Sae Financial And Housing Corporation Evanston, IL | $26,448,189 | $3,039,395 |
Folds Of Honor Foundation Inverness, IL | $2,250,296 | $3,777,822 |
Life Time Foundation Chanhassen, MN | $2,791,059 | $2,904,635 |