Form 990, Part VI, Section B, line 11
“The President and CEO reviews Form 990 with the Treasurer, then the Treasurer presents it to the Board of Directors.”
990 • Fiscal year 2016 • EIN 20-5203533
Scores are not available for this record yet.
Assets
Up$571,018
Up $6,622 (+1.2%) from 2015
Net Assets
Up$564,751
Up $11,111 (+2.0%) from 2015
Liabilities
Down$6,267
Down $4,489 (-42%) from 2015
Revenue
Up$686,851
Up $59,085 (+9.4%) from 2015
Expenses
Up$675,740
Up $114,799 (+20%) from 2015
Net Income
Down$11,111
Down $55,714 (-83%) from 2015
The mission of the organization is to provide financial literacy programs and resources that empower students to make sound financial decisions. The organization's vision is to build strong communities where students and their families make informed financial decisions and take control of their financial future.
The goal of the organization is to promote financial literacy in 15-18 year olds by having business professionals from the community visit high school classrooms throughout the state and teach basic financial concepts in an effort to promote good financial decisions early in life.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $250,082 | $390,163 | ▲ $140,081 |
| Cash and Non-Interest-Bearing Accounts | $266,279 | $115,493 | ▼ $150,786 |
| Pledges and Grants Receivable | $31,200 | $41,800 | ▲ $10,600 |
| Land, Buildings, and Equipment, Net | $15,520 | $22,361 | ▲ $6,841 |
| Total Assets | $564,396 | $571,018 | ▲ $6,622 |
| Other Assets Total | $1,315 | $1,201 | ▼ $114 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $10,756 | $6,267 | ▼ $4,489 |
| Total Liabilities | $10,756 | $6,267 | ▼ $4,489 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $493,640 | $533,251 | ▲ $39,611 |
| Temporarily Rstr Net Assets | $60,000 | $31,500 | ▼ $28,500 |
| Total Net Assets Fund Balance | $553,640 | $564,751 | ▲ $11,111 |
| Total Liabilities and Net Assets / Fund Balance | $564,396 | $571,018 | ▲ $6,622 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $22,361 | $52,312 | $74,673 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Brenda Campbell | President and CEO | FT | $103,479 | $7,469 | $110,948 |
| Name | Title |
|---|---|
| Nicole Best | Chairperson |
| Pam Evason | Vice Chairperson |
| Christine Smyth | Director |
| Daniel Tranchita | Director |
| Dean Urbanski | Director |
| Elmer Moore | Director |
| John McDonald | Director |
| Joseph Schlidt | Director |
| Linda Edmondson | Director |
| Lloyd Levin | Director |
| Margaret MacLeod Brahm | Director |
| Michael Schelble | Director |
| Mike Conmey | Director |
| Murray Friedman | Director |
| Nina VA Johnson | Director |
| Rebecca Neumann | Director |
| Sara Walker | Director |
| David Frieder | Secretary |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $495,570 |
| Other Expenses | $180,170 |
| Total Fundraising Expense | $97,978 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $283,556 | $6,274 | $32,084 | $321,914 |
| Current Officers, Directors, Trustees, and Key Employees | $51,740 | $20,696 | $31,044 | $103,480 |
| Payroll Taxes | $28,470 | $2,290 | $5,360 | $36,120 |
| Other Employee Benefits | $26,842 | $2,159 | $5,055 | $34,056 |
| Fees for Services Other | $12,600 | $1,439 | $5,400 | $19,439 |
| Office Expenses | $14,964 | $1,152 | $2,692 | $18,808 |
| All Other Expenses | $15,519 | $1,024 | $2,202 | $18,745 |
| Occupancy | $8,670 | $697 | $1,633 | $11,000 |
| Fees for Services Accounting | - | $10,950 | - | $10,950 |
| Other Expenses | $6,888 | - | $9,157 | $6,888 |
| Depreciation Depletion | $4,809 | $387 | $905 | $6,101 |
| Information Technology | $4,097 | $683 | $682 | $5,462 |
| Insurance | $4,271 | $344 | $804 | $5,419 |
| Travel | $3,690 | $297 | $695 | $4,682 |
| Advertising | $89 | - | $265 | $354 |
| Total Functional Expenses | $529,370 | $48,392 | $97,978 | $675,740 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $741,686 |
| Expenses per Audited Statements | $675,740 |
| Total Expenses per Form 990 | $675,740 |
| Expenses Not Reported on Form 990 | $65,946 |
| Expenses Not Reported on Financial Statements | $0 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $25,784 |
| Fundraising Direct Expenses | $25,094 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Investment Conference | $295,950 | $25,302 | $10,015 | $15,287 |
| Total Events | $295,950 | $25,302 | $25,094 | $208 |
“The President and CEO reviews Form 990 with the Treasurer, then the Treasurer presents it to the Board of Directors.”
“To constructively participate in the governance process while handling conflict of interest situations responsibly, Board, Committee, Task Force and staff members will disclose conflict situations to other Board members prior to deliberation of the issue in question, and abstain from voting or using his or her personal influence on the issue in question. Minutes of the meeting will reflect the abstention from voting. The Chairperson annually prepares and circulates to the entire Board of Directors a list of affiliations of Directors with outside organizations that may create conflicts. The Conflict of Interest Policy is reviewed annually or as requested by the Directors.”
“Salary levels are commensurate with experience and organizational needs, as determined by the Board of Directors, and will be within the range established for each position. A salary range is determined by several factors, including job analysis, position duties and salary data on pay practices of other employers. Salary levels are reviewed on a regular basis, with changes made at the sole discretion of the Board of Directors, based on the position responsibilities, the performance of the employee and MAD-WI's financial resources.”
“The organization makes its governing documents, conflict of interest policy, and financial statements availiable to the public upon request.”
“No change to process from prior year. The finance committee assumes this responsibility and is chaired by the Treasurer.”
“The Organization has been classified as an entity described in Section 509(a)(1) and 170(b)(1)(A)(vi) of the Internal Revenue Code and is not a private foundation. The Organization is a tax-exempt entity under Section 501(c)(3) of the Internal Revenue Code under a determination letter issued by the Internal Revenue Service. Accordingly, no tax provisions were recorded in 2015 or 2014. The Organization records a liability for uncertain tax positions when it is probable that a loss has been incurred and the amount can be reasonably estimated. For the years ended June 30, 2016 and 2015, no uncertain tax positions were identified by management and no liability for those positions has been recognized in the accompanying financial statements. It is the policy of the Organization to include interest and penalties, when imposed, in the provision for income taxes. During the years ended June 30, 2016 and 2015, no interest or penalties have been incurred or recognized in the accompanying financial statements. The Organization files income tax returns in federal and state jurisdictions. The Organization is generally no longer subject to examinations by tax authorities for years before 2011.”
“Fundraising Event Direct Expenses 25,094.”
“Loss on disposal of fixed assets -3,117.”
“Fundraising Event Direct Expenses 25,094. Loss on disposal of fixed assets 3,117.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InformationTechnologyGrp/FundraisingAmt | 0 | 682 |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 683 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 4097 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 5462 |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 804 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 344 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 4271 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 5419 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 918 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 918 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 3 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/JointCostsInd | 0 | X |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 52312 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 15520 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 22361 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 74673 |
| IRS990/LegalDomicileStateCd | 0 | WI |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 3117 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | The mission of the organization is to provide financial literacy programs and resources that empower students to make sound financial decisions. The Organization's vision is to build strong communities where students and their families make informed financial decisions and take control of their financial future. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 553640 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 564751 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | -3117 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -3117 |
| IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt | 0 | 690 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 690 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 1633 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 697 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 8670 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 11000 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 2692 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 1152 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 14964 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 18808 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 1315 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1201 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 5055 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 2159 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 26842 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 34056 |
| IRS990/OtherExpensesGrp/Desc | 0 | Money Coach |
| IRS990/OtherExpensesGrp/Desc | 1 | Fund Development Expens |
| IRS990/OtherExpensesGrp/Desc | 2 | Student Materials |
| IRS990/OtherExpensesGrp/Desc | 3 | Volunteer Recognition |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 9157 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 56009 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 7156 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 6888 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 56009 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 9157 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 7156 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 6888 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 32084 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 6274 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 283556 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 321914 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 5360 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 2290 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 28470 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 36120 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 31200 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 41800 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | Brenda Campbell |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 630384 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 1225 |
| IRS990/PYOtherExpensesAmt | 0 | 155086 |
| IRS990/PYOtherRevenueAmt | 0 | -3843 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 66825 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 405855 |
| IRS990/PYTotalExpensesAmt | 0 | 560941 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 627766 |
| IRS990/QuidProQuoContributionsInd | 0 | 1 |
| IRS990/QuidProQuoContriDisclInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 11111 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 250082 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 390163 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 688360 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 630422 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 564838 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 440559 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 296633 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 2620812 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 918 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1225 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1130 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 602 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 55 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 3930 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 25784 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 23232 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 26312 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 19404 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 14247 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 108979 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.87980 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.90860 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 2405212 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 215600 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 688360 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 630422 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 564838 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 440559 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 296633 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 2620812 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 2733721 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/DonatedServicesAndUseFcltsAmt | 0 | 37735 |
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Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.