Liabilities / Assets
100th percentile
Higher debt load relative to assets than 100% of similar nonprofits.
EIN 35-2531359 • 501(c)3 • Milwaukee, WI
Profile
Goodwill manufacturing, inc. ("goodwill manufacturing") is a nonstock, not-for-profit wisconsin corporation, whose sole member is goodwill industries of southeastern wisconsin, inc. ("goodwill"), a wisconsin nonstock, not-for-profit corporation with (see schedule o)
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
100th percentile
Higher debt load relative to assets than 100% of similar nonprofits.
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
3rd percentile
Higher net margin than 3% of similar nonprofits.
Top Officer Pay
99th percentile
Higher top officer pay than 99% of similar nonprofits.
Top officer pay equals 30.2% of source-year revenue.
Asset Growth
3rd percentile
Faster asset growth than 3% of similar nonprofits.
Revenue Growth
32nd percentile
Faster revenue growth than 32% of similar nonprofits.
Assets
Down$571,557
Down $2,262,605 (-80%) from 2023
Liabilities
Up$40,914,512
Up $4,146,777 (+11%) from 2023
Net Assets
Down-$40,342,955
Down $6,409,382 (-19%) from 2023
Revenue
Down$3,008,430
Down $1,906,584 (-39%) from 2023
Expenses
Down$7,331,295
Down $2,827,568 (-28%) from 2023
Net Income
Up-$4,322,865
Up $920,984 (+18%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
Goodwill Manufacturing, Inc. ("Goodwill Manufacturing") is a nonstock, not-for-profit Wisconsin corporation, whose sole member is Goodwill Industries of Southeastern Wisconsin, Inc. ("Goodwill"), a Wisconsin nonstock, not-for-profit corporation with 501(c)(3) status. Goodwill Manufacturing shares the mission of its parent company, which is to provide training, employment, and supportive services for people with disabilities or disadvantages who seek greater independence. Such disabilities or disadvantages include physical or intellectual disabilities, mental health issues, skill limitations, lack of education and job preparation, communication challenges, and other socio-economic disadvantages. Goodwill pursues its mission in two ways. The first is by employing people with disabilities and disadvantages within the organizations own operations. The second is by providing social services, community programs, vocational training, transitional employment, employment services, and supportiv
Connecting people to work. Preparing people for life.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $1,796,078 | $379,299 | ▼ $1,416,779 |
| Accounts Receivable | $719,684 | $191,865 | ▼ $527,819 |
| Prepaid Expenses and Deferred Charges | $318,400 | $393 | ▼ $318,007 |
| Cash and Non-Interest-Bearing Accounts | $0 | $0 | → $0 |
| Other Notes and Loans Receivable, Net | $0 | $0 | → $0 |
| Pledges and Grants Receivable | $0 | $0 | → $0 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | $0 | → $0 |
| Investments Program Related | $0 | $0 | → $0 |
| Investments in Publicly Traded Securities | $0 | $0 | → $0 |
| Land, Buildings, and Equipment, Net | $0 | $0 | → $0 |
| Intangible Assets | $0 | $0 | → $0 |
| Inventories for Sale or Use | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $2,834,162 | $571,557 | ▼ $2,262,605 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Other Liabilities | $36,492,155 | $40,838,552 | ▲ $4,346,397 |
| Accounts Payable and Accrued Expenses | $275,580 | $75,960 | ▼ $199,620 |
| Grants Payable | $0 | $0 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Deferred Revenue | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $36,767,735 | $40,914,512 | ▲ $4,146,777 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $-33,933,573 | $-40,342,955 | ▼ $6,409,382 |
| Total Net Assets Fund Balance | $-33,933,573 | $-40,342,955 | ▼ $6,409,382 |
| Total Liabilities and Net Assets / Fund Balance | $2,834,162 | $571,557 | ▼ $2,262,605 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $0 | $147,328 | $147,328 |
| Name | Title |
|---|---|
| Robert Klug | Chair |
| Jacqueline Hallberg | President & CEO |
| Michelle Greene | Director Vice Chair |
| Ike Umunnah | Director |
| Basil Buchko | Asst. Secretary - Thru 12/24 |
| Jeffrey Docalavich | Asst. Treasurer |
| Thomas Savage | Secretary |
| Timothy Mattke | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $4,303,946 |
| Other Expenses | $3,027,349 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $3,333,243 | - | - | $3,333,243 |
| Fees for Services Other | $622,340 | - | - | $622,340 |
| Other Expenses | $696,403 | $472,385 | - | $472,385 |
| Other Employee Benefits | $447,476 | - | - | $447,476 |
| Occupancy | $417,318 | - | - | $417,318 |
| Office Expenses | $412,674 | - | - | $412,674 |
| Payroll Taxes | $389,632 | - | - | $389,632 |
| Depreciation Depletion | $196,985 | - | - | $196,985 |
| Travel | $178,441 | - | - | $178,441 |
| Pension Plan Contributions | $133,595 | - | - | $133,595 |
| Insurance | $18,590 | - | - | $18,590 |
| Conferences and Meetings | $7,546 | - | - | $7,546 |
| Information Technology | $4,362 | - | - | $4,362 |
| Interest | $305 | - | - | $305 |
| Total Functional Expenses | $6,858,910 | $472,385 | $0 | $7,331,295 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $7,331,295 |
| Expenses per Audited Statements | $6,906,631 |
| Total Expenses per Audited Statements | $6,906,631 |
| Expenses Not Reported on Financial Statements | $424,664 |
| Other Expense Adjustments | $424,664 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Liability | Amount |
|---|---|
| Due to Affiliated Goodwills | $40,838,552 |
“Members or stockholders goodwill is the sole corporate member of goodwill manufacturing.”
“Members or stockholders who may elect governing body goodwill is the sole corporate member and in this capacity elects the board of directors of goodwill manufacturing.”
“Members or stockholders who may approve decisions goodwill is the sole corporate member and in this capacity approves the actions of goodwill manufacturing.”
“Form 990 review an independent accounting firm prepared the irs form 990 and related schedules. The organization's finance team reviewed the completed form. Members of the audit, risk and compliance committee of the board of directors reviewed the form at its june 11, 2025 committee meeting. In addition, members of the full board were provided with an electronic copy of the form prior to filing of the form 990.”
“Written conflict of interest policy goodwill industries of southeastern wisconsin, inc., and affiliates ("goodwill") maintains a conflict of interest policy ("policy"). The purpose of the policy is to protect goodwill's interests when contemplating entering into a transaction or arrangement that might benefit the financial interest of an interested person such as an officer, director, or key employee of goodwill. An interested person must disclose the existence of his or her financial interest and all material facts related to the proposed transaction or arrangement. After such disclosure, he or she shall recuse himself or herself during the discussion of, and the vote on, the proposed transaction, whether the transaction reflects fair market value, has no bearing on the relationship, and is in the best interest of the organization.”
“Compensation determination goodwill industries of southeastern wisconsin, inc. And affiliates' ("goodwill") compensation package includes a salary, defined contribution plan and health and welfare benefits. Goodwill engaged an independent firm to assess reasonableness of its compensation package for top management positions. The firm assessed compensation using survey data representing similar positions based on industry, revenue, number of employees and other peer group data. The report was reviewed by the human resources and compensation committee ("committee") of the board of directors and compensation for goodwill's top management positions was approved by a committee vote on november 6, 2024.”
“Public availability goodwill industries of southeastern wisconsin, inc. And affiliates ("goodwill") posts its governing documents, annual reports, financial statements and forms 990 to its website. Goodwill also makes this information, and other required disclosures, available upon request.”
“Refer to narrative listed on line 18.”
“Compensation from a related organization goodwill manufacturing does not directly compensate its officers. The filing organization relies on its parent organization, goodwill industries of southeastern wisconsin, inc., to facilitate its compensation. The compensation listed in form 990, part vii is the total compensation paid by the parent organization to manage the parent organization and its related organizations, including goodwill manufacturing.”
“501(c)(3) status. Goodwill manufacturing shares the mission of its parent company, which is: connecting people to work. Preparing people for life. Goodwill is dedicated to creating collective community impact through its purpose-driven partnerships, businesses and community action. Goodwill is focused on strengthening communities, eliminating barriers to opportunity, helping people connect to valuable employment and resources, and contributing to a more sustainable environment. Goodwill pursues its mission by helping people build job and life skills to shape a resilient workforce, providing pathways for youth and removing barriers for our communities. Anchored in workforce development, goodwill provides job and placement support, access to resources that help navigate employment challenges and preparation for the workplace to maintain employment. Goodwill addresses barriers by providing community resources for barriers such as dependent care, transportation, unemployment, education, poverty, language, disability, housing, skills gaps, re-entry and age. As part of building a pipeline for the local workforce, goodwill is also helping teens and young adults. By providing programs and services for career exploration and job readiness training, more teens and young adults can sustain employment and identify career advancement opportunities. Community-based support is provided to remove barriers and build independence for individuals by supporting health, independence and economic stability for more sustainable and independent lives. Beginning with its first workshop in a milwaukee church basement, where donations were sorted and prepared for sale in a small store nearby, goodwill has offered what its founder described as "a chance, not charity" to people with barriers. To fulfill its primary purposes of employment and self-sufficiency for people with disabilities or disadvantages, goodwill takes an entrepreneurial approach. Over the years, goodwill has pursued a variety of enterprises to help prepare individuals for employment and place them in jobs both in the community and within goodwill's own operations. Goodwill manufacturing is one of those social enterprises; it provided commercial laundry services through august 3, 2024, to private companies and operates a recycling program. Goodwill manufacturing promotes the mission of goodwill by creating opportunities to employ individuals with disadvantages and/or disabilities, as well as providing on-the-job training and support.”
“In 2024, goodwill operated a commercial laundry on the northwest side of milwaukee, wisconsin which held accreditation from the health care laundry accreditation council (hlac). In 2024, goodwill dissolved its laundry operations.”
“Intercompany asset impairment transfer -2,086,517.”
“Liability for accounting for uncertainty in income taxes goodwill industries of southeastern wisconsin, inc., goodwill industries of metropolitan chicago, inc., goodwill retail services, inc. And goodwill manufacturing, inc. Have received determination letters from the internal revenue service ("irs") indicating that they are exempt from federal income taxes, except for taxes pertaining to unrelated business income under section 501(c)(3) of the internal revenue code. Goodwill talentbridge, llc has been organized as a limited liability company and, accordingly, is not subject to federal or state income taxes. All income tax attributes of the entity are passed through to its sole member, goodwill industries of southeastern wisconsin, inc. The entity is included in the consolidated information return filed by goodwill industries of southeastern wisconsin, inc. The fasb issued guidance related to the uncertainty of income tax positions, which clarifies the accounting for uncertainty in income taxes recognized in an organization's financial statements and requires additional disclosure. Goodwill recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. As of december 31, 2024 and 2023, goodwill does not believe there is any uncertainty with respect to its tax positions. Goodwill files information returns in the u.s. Federal and the states of wisconsin and illinois jurisdictions. Tax years open under the federal statute of limitations include 2021 through 2024. Tax years open under the state of wisconsin and state of illinois statutes include 2020 through 2024. Goodwill had not historically filed any unrelated business income tax ("ubit") returns but filed in 2018 for federal and the states of wisconsin and illinois jurisdictions. Due to tax reform legislation, the federal and illinois ubit returns have been amended to obtain refunds of income tax payments made on ubit repealed by legislation. The organization filed ubit returns for 2019 and 2020 for wisconsin; however, wisconsin has since repealed similar to federal. Tax years remain open for years in which a ubit return has not been filed.”
“Intercompany asset impairment transfer -2,086,517. Waxdale margin 424,664.”
“WAXDALE MARGIN 424,664.”
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/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 75960 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 719684 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 191865 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | CONNECTING PEOPLE TO WORK. PREPARING PEOPLE FOR LIFE. |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
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| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 4148474200 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 6055 N 91ST STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | MILWAUKEE |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | WI |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 53225 |
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| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
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| IRS990/CompensationProcessOtherInd | 0 | 0 |
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| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 7546 |
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| IRS990/CYOtherExpensesAmt | 0 | 3027349 |
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| IRS990/CYRevenuesLessExpensesAmt | 0 | -4322865 |
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| IRS990/CYTotalExpensesAmt | 0 | 7331295 |
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| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 196985 |
| IRS990/Desc | 0 | GOODWILL MANUFACTURING OPERATIONS CREATES EMPLOYMENT OPPORTUNITIES FOR LOCAL RESIDENTS, MANY WITH DISABILITIES OR DISADVANTAGES.GOODWILL ALSO OPERATES A RECYCLING PROGRAM IN RACINE PROCESSING OVER 4,300 TONS OF MATERIAL. THE RECYCLING OPERATIONS PROVIDE WORK OPPORTUNITIES AND SKILL DEVELOPMENT FOR INDIVIDUALS WITH DISABILITIES AND DISADVANTAGES/OTHER BARRIERS TO EMPLOYMENT. |
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| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
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| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 6858910 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
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| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 622340 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 622340 |
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| IRS990/ForeignOfficeInd | 0 | 0 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.00 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
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| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
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| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 144270 |
| IRS990/GrossReceiptsAmt | 0 | 3008430 |
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| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 4362 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 4362 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 18590 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 18590 |
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| IRS990/MissionDesc | 0 | GOODWILL MANUFACTURING, INC. ("GOODWILL MANUFACTURING") IS A NONSTOCK, NOT-FOR-PROFIT WISCONSIN CORPORATION, WHOSE SOLE MEMBER IS GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN, INC. ("GOODWILL"), A WISCONSIN NONSTOCK, NOT-FOR-PROFIT CORPORATION WITH (SEE SCHEDULE O) |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | LIABILITY FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN, INC., GOODWILL INDUSTRIES OF METROPOLITAN CHICAGO, INC., GOODWILL RETAIL SERVICES, INC. AND GOODWILL MANUFACTURING, INC. HAVE RECEIVED DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE ("IRS") INDICATING THAT THEY ARE EXEMPT FROM FEDERAL INCOME TAXES, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. GOODWILL TALENTBRIDGE, LLC HAS BEEN ORGANIZED AS A LIMITED LIABILITY COMPANY AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. ALL INCOME TAX ATTRIBUTES OF THE ENTITY ARE PASSED THROUGH TO ITS SOLE MEMBER, GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN, INC. THE ENTITY IS INCLUDED IN THE CONSOLIDATED INFORMATION RETURN FILED BY GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN, INC. THE FASB ISSUED GUIDANCE RELATED TO THE UNCERTAINTY OF INCOME TAX POSITIONS, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS AND REQUIRES ADDITIONAL DISCLOSURE. GOODWILL RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE-LIKELY-THAN-NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. AS OF DECEMBER 31, 2024 AND 2023, GOODWILL DOES NOT BELIEVE THERE IS ANY UNCERTAINTY WITH RESPECT TO ITS TAX POSITIONS. GOODWILL FILES INFORMATION RETURNS IN THE U.S. FEDERAL AND THE STATES OF WISCONSIN AND ILLINOIS JURISDICTIONS. TAX YEARS OPEN UNDER THE FEDERAL STATUTE OF LIMITATIONS INCLUDE 2021 THROUGH 2024. TAX YEARS OPEN UNDER THE STATE OF WISCONSIN AND STATE OF ILLINOIS STATUTES INCLUDE 2020 THROUGH 2024. GOODWILL HAD NOT HISTORICALLY FILED ANY UNRELATED BUSINESS INCOME TAX ("UBIT") RETURNS BUT FILED IN 2018 FOR FEDERAL AND THE STATES OF WISCONSIN AND ILLINOIS JURISDICTIONS. DUE TO TAX REFORM LEGISLATION, THE FEDERAL AND ILLINOIS UBIT RETURNS HAVE BEEN AMENDED TO OBTAIN REFUNDS OF INCOME TAX PAYMENTS MADE ON UBIT REPEALED BY LEGISLATION. THE ORGANIZATION FILED UBIT RETURNS FOR 2019 AND 2020 FOR WISCONSIN; HOWEVER, WISCONSIN HAS SINCE REPEALED SIMILAR TO FEDERAL. TAX YEARS REMAIN OPEN FOR YEARS IN WHICH A UBIT RETURN HAS NOT BEEN FILED. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | INTERCOMPANY ASSET IMPAIRMENT TRANSFER -2,086,517. WAXDALE MARGIN 424,664. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | WAXDALE MARGIN 424,664. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XI, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | PART XII, LINE 4B - OTHER ADJUSTMENTS: |
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