Civic Intelligence

Wisconisn Broadcasters Association Foundation Inc.

990 • Fiscal year 2019 • EIN 39-1651812

Jan 01, 2019 to Dec 31, 2019 • Filed on May 15, 2020

44 East Mifflin Street Suite 900Madison, WI 53703

(608) 255-2600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

18th percentile

-13%

Higher net margin than 18% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

96th percentile

$220,347

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 121.6% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

27th percentile

-3.6%

Faster asset growth than 27% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

19th percentile

-15%

Faster revenue growth than 19% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$641,316

Down $24,227 (-3.6%) from 2018

Net Assets

Down

$641,316

Down $24,227 (-3.6%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$181,237

Down $33,001 (-15%) from 2018

Expenses

Down

$205,464

Down $89,681 (-30%) from 2018

Net Income

Up

-$24,227

Up $56,680 (+70%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $733,049Liabilities 2010: $1,622Net Assets 2010: $731,4272010Assets 2011: $752,859Liabilities 2011: $39,056Net Assets 2011: $713,8032011Assets 2012: $823,720Liabilities 2012: $33,206Net Assets 2012: $790,5142012Assets 2013: $828,464Liabilities 2013: $0Net Assets 2013: $828,4642013Assets 2014: $1,048,224Liabilities 2014: $0Net Assets 2014: $1,048,2242014Assets 2015: $987,587Liabilities 2015: $0Net Assets 2015: $987,5872015Assets 2016: $861,196Liabilities 2016: $0Net Assets 2016: $861,1962016Assets 2017: $746,450Liabilities 2017: $0Net Assets 2017: $746,4502017Assets 2018: $665,543Liabilities 2018: $0Net Assets 2018: $665,5432018Assets 2019: $641,316Liabilities 2019: $0Net Assets 2019: $641,3162019Assets 2020: $725,590Liabilities 2020: $0Net Assets 2020: $725,5902020Assets 2021: $1,211,227Liabilities 2021: $20,574Net Assets 2021: $1,190,6532021Assets 2022: $1,268,230Liabilities 2022: $28,957Net Assets 2022: $1,239,2732022Assets 2023: $1,622,008Liabilities 2023: $15,601Net Assets 2023: $1,606,4072023Assets 2024: $1,985,713Liabilities 2024: $18,895Net Assets 2024: $1,966,8182024

Highlighted filing

2019

Assets$641,316
Liabilities$0
Net Assets$641,316

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $352,5242010Expenses 2011: $281,7332011Expenses 2012: $330,6322012Revenue 2013: $388,922Expenses 2013: $350,972Net Income 2013: $37,9502013Revenue 2014: $689,649Expenses 2014: $469,889Net Income 2014: $219,7602014Revenue 2015: $356,654Expenses 2015: $417,291Net Income 2015: -$60,6372015Revenue 2016: $171,739Expenses 2016: $298,130Net Income 2016: -$126,3912016Revenue 2017: $166,613Expenses 2017: $281,359Net Income 2017: -$114,7462017Revenue 2018: $214,238Expenses 2018: $295,145Net Income 2018: -$80,9072018Revenue 2019: $181,237Expenses 2019: $205,464Net Income 2019: -$24,2272019Revenue 2020: $95,661Expenses 2020: $38,013Net Income 2020: $57,6482020Revenue 2021: $315,731Expenses 2021: $69,349Net Income 2021: $246,3822021Revenue 2022: $348,130Expenses 2022: $145,061Net Income 2022: $203,0692022Revenue 2023: $359,483Expenses 2023: $128,401Net Income 2023: $231,0822023Revenue 2024: $328,474Expenses 2024: $174,152Net Income 2024: $154,3222024

Highlighted filing

2019

Revenue$181,237
Expenses$205,464
Net Income-$24,227
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 15, 2020
Return Version
2019v5.1
Gross Receipts
$484,048
Mission and Program Overview

Mission

Provide various workshops to broadcasters

Provide educational workshops to broadcasters.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$639,249$616,651▼ $22,598
Cash and Non-Interest-Bearing Accounts$26,294$24,665▼ $1,629
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$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
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
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$665,543$641,316▼ $24,227
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$565,885$596,862▲ $30,977
Net Assets Without Donor Restrictions$99,658$44,454▼ $55,204
Total Net Assets Fund Balance$665,543$641,316▼ $24,227
Total Liabilities and Net Assets / Fund Balance$665,543$641,316▼ $24,227
Compensation and Service Providers

Board Members and Trustees

NameTitle
David SanksChairman
Michelle VetterkindPresident & CEO
Laurin JorstadVice Chairman
Al LancasterDirector
Bill HurwitzDirector
Chris BernierDirector
Chuck SteinmetzDirector
Dean MaytagDirector
Don VeselyDirector
Jan WadeDirector
Keith BratelDirector
Kelly RadandtDirector
R Perry KidderDirector
Scott ChorskiDirector
Scott M TrentadueDirector
Tom KoserDirector
Dick RecordSecretary
Tom WalkerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$99,953
Program Service Revenue
$49,714
Investment Income
$27,900
Other Revenue
$3,670
All Other Contributions
$99,953
Change in Net Assets
$-24,227
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$195,814
Grants and Similar Amounts Paid$9,650
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$83,923$5,412-$89,335
Fees for Services Accounting-$8,827-$8,827
Grants to Domestic Individuals$6,650--$6,650
Fees for Service Investment Mgmnt Fees-$6,013-$6,013
Grants to Domestic Orgs$3,000--$3,000
Office Expenses$1,238$105-$1,343
Occupancy$370$863-$1,233
Other Expenses$218$409-$218
Insurance$19$168-$187
All Other Expenses$100$68-$168
Total Functional Expenses$169,287$36,177$0$205,464
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,370
Fundraising Direct Expenses$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 8B:

Committees are not required to document meetings or written actions undertaken. Many times the actions are discussed in the governing body meetings and are documented as part of those meetings.

FORM 990, PART VI, SECTION B, LINE 11B:

The form 990 will be taken to the executive committee for review, but not prior to filing.

FORM 990, PART VI, SECTION B, LINE 12C:

The president has a conflict of interest policy. The executive committee reviews this policy with the president annually.

FORM 990, PART VI, SECTION B, LINE 15A:

Compensation review and approval is performed by the board of directors.

FORM 990, PART VI, SECTION C, LINE 19:

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Wisconsin Broadcasters Association
EIN
39-1651812
In Care Of
% MICHELLE VETTERKIND
Phone
6082552600
Address
44 East Mifflin Street Suite 900, Madison, WI 53703

Signing Officer

Name
Michelle Vetterkind
Title
President & CEO
Phone
6082552600
Signed
2020-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Vetterkind
Formed
1989
Legal Domicile
Wi
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
17

Preparer

Firm
Bdo USA Llp
Address
ONE ERDMAN PLACE SUITE 404, MADISON, WI 53717
Preparer
Jacob Cook
Phone
6088367500
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/MinutesOfCommitteesInd0false
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IRS990/MissionDesc0THE WISCONSIN BROADCASTERS ASSOCIATION FOUNDATION CONTRIBUTION TO BROADCASTING IN WISCONSIN ENCOMPASSES A STRATEGIC, LONG-TERM VISION FOR ENHANCING, PROMOTING, AND SUPPORTING THE BROADCAST INDUSTRY BY ENCOURAGING THE PRESERVATION OF BROADCAST HISTORY, PARTICIPATING IN PUBLIC AFFAIRS ACTIVITIES IN THE STATE OF WISCONSIN, AND PROVIDING EDUCATIONAL OPPORTUNITIES FOR PROFESSIONAL BROADCASTERS AND THOSE WHO SEEK FUTURE CAREERS IN THE BROADCAST INDUSTRY.
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc0Hall of Fame Expenses
IRS990/OtherExpensesGrp/Desc1WBA Service Fees
IRS990/OtherExpensesGrp/Desc2RMP PROGRAM
IRS990/OtherExpensesGrp/Desc3ONLINE MUSEUM EXPENSE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18109
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2409
IRS990/OtherExpensesGrp/ProgramServicesAmt037649
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IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0MICHELLE VETTERKIND
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0519100
IRS990/ProgramServiceRevenueGrp/Desc0Conventions & Workshops
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt049714
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS TO ASSIST STUDENTS ENROLLED IN MEDIA-RELATED EDUCATIONAL PROGRAMS AT PUBLIC OR PRIVATE COLLEGES/UNIVERSITIES, BROADCAST/MEDIA SCHOOLS, AND WISCONSIN TECHNICAL COLLEGES. HIGHER EDUCATION SUPPORT GRANTS TO VARIOUS UNIVERSITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt09650
IRS990/ProgSrvcAccomActy2Grp/GrantAmt09650
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt046295
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt018155
IRS990/PYInvestmentIncomeAmt063235
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0276990
IRS990/PYOtherRevenueAmt01450
IRS990/PYProgramServiceRevenueAmt0103258
IRS990/PYRevenuesLessExpensesAmt0-80907
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0295145
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0214238
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.02$1.97$0.33$0.17$0.15
2023Detailed filing. Detailed filing data is available for this year.$1.62$0.02$1.61$0.36$0.13$0.23
2022Detailed filing. Detailed filing data is available for this year.$1.27$0.03$1.24$0.35$0.15$0.20
2021Detailed filing. Detailed filing data is available for this year.$1.21$0.02$1.19$0.32$0.07$0.25
2020Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$0.10$0.04$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.18$0.21$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$0.21$0.30$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$0.17$0.28$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$0.17$0.30$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.36$0.42$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.69$0.47$0.22
2013Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$0.39$0.35$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.03$0.79$0.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.04$0.71$0.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.00$0.73$0.35