Civic Intelligence

Wisconsin Academy Foundation Incorporated

990 • Fiscal year 2018 • EIN 39-1681809

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 29, 2019

Organization ProfileWWW.WISCONSINACADEMY.ORG
1922 University AveMadison, WI 53726-4013

(608) 263-1692

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

7th percentile

0.00x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

11th percentile

-23%

Higher net margin than 11% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$89,392

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 36.1% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

55th percentile

2.9%

Faster asset growth than 55% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

84th percentile

35%

Faster revenue growth than 84% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$5,848,591

Up $162,435 (+2.9%) from 2017

Net Assets

Up

$5,848,591

Up $162,435 (+2.9%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin11th percentile

Revenue

Up

$247,668

Up $64,193 (+35%) from 2017

Expenses

Down

$304,581

Down $13,846 (-4.3%) from 2017

Net Income

Up

-$56,913

Up $78,039 (+58%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $4,673,151Liabilities 2010: $0Net Assets 2010: $4,673,1512010Assets 2011: $5,165,421Liabilities 2011: $0Net Assets 2011: $5,165,4212011Assets 2012: $4,863,794Liabilities 2012: $0Net Assets 2012: $4,863,7942012Assets 2013: $5,220,469Liabilities 2013: $50,000Net Assets 2013: $5,170,4692013Assets 2014: $5,845,834Liabilities 2014: $25,000Net Assets 2014: $5,820,8342014Assets 2015: $5,633,352Liabilities 2015: $0Net Assets 2015: $5,633,3522015Assets 2016: $5,308,849Liabilities 2016: $0Net Assets 2016: $5,308,8492016Assets 2017: $5,686,156Liabilities 2017: $0Net Assets 2017: $5,686,1562017Assets 2018: $5,848,591Liabilities 2018: $0Net Assets 2018: $5,848,5912018Assets 2019: $5,738,265Liabilities 2019: $0Net Assets 2019: $5,738,2652019Assets 2020: $5,416,604Liabilities 2020: $2,300Net Assets 2020: $5,414,3042020Assets 2021: $6,779,550Liabilities 2021: $54,550Net Assets 2021: $6,725,0002021Assets 2022: $5,696,873Liabilities 2022: $0Net Assets 2022: $5,696,8732022Assets 2023: $5,897,876Liabilities 2023: $0Net Assets 2023: $5,897,8762023Assets 2024: $6,178,946Liabilities 2024: $0Net Assets 2024: $6,178,9462024Assets 2025: $6,491,132Liabilities 2025: $280Net Assets 2025: $6,490,8522025

Highlighted filing

2018

Assets$5,848,591
Liabilities$0
Net Assets$5,848,591
Open 2018 Filing

Operations Trend

Revenue Growth84th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $263,1812010Expenses 2011: $291,6052011Expenses 2012: $261,8822012Revenue 2013: $376,070Expenses 2013: $319,701Net Income 2013: $56,3692013Revenue 2014: $297,937Expenses 2014: $282,676Net Income 2014: $15,2612014Revenue 2015: $732,227Expenses 2015: $292,522Net Income 2015: $439,7052015Revenue 2016: $52,532Expenses 2016: $299,264Net Income 2016: -$246,7322016Revenue 2017: $183,475Expenses 2017: $318,427Net Income 2017: -$134,9522017Revenue 2018: $247,668Expenses 2018: $304,581Net Income 2018: -$56,9132018Revenue 2019: $158,583Expenses 2019: $309,510Net Income 2019: -$150,9272019Revenue 2020: $125,717Expenses 2020: $340,134Net Income 2020: -$214,4172020Revenue 2021: $471,354Expenses 2021: $359,318Net Income 2021: $112,0362021Revenue 2022: $396,694Expenses 2022: $279,046Net Income 2022: $117,6482022Revenue 2023: $220,302Expenses 2023: $334,820Net Income 2023: -$114,5182023Revenue 2024: $230,919Expenses 2024: $343,328Net Income 2024: -$112,4092024Revenue 2025: $701,232Expenses 2025: $350,793Net Income 2025: $350,4392025

Highlighted filing

2018

Revenue$247,668
Expenses$304,581
Net Income-$56,913
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 29, 2019
Return Version
2017v2.3
Gross Receipts
$2,188,721
Mission and Program Overview

Mission

To secure financial support for the wisconsin academy of sciences, arts and letters by increasing the endowment and furthering the goals of the academy to encourage investigation, disseminate knowledge, and promote application of the sciences, arts and letters for the people of wisconsin.

Supporting organization of wisconsin academy of sciences, arts and letters.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,656,052$5,795,463▲ $139,411
Savings and Temporary Cash Investments$30,104$53,128▲ $23,024
Total Assets$5,686,156$5,848,591▲ $162,435
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$3,637,559$3,747,406▲ $109,847
Permanently Rstr Net Assets$1,876,277$1,876,277→ $0
Temporarily Rstr Net Assets$172,320$224,908▲ $52,588
Total Net Assets Fund Balance$5,686,156$5,848,591▲ $162,435
Total Liabilities and Net Assets / Fund Balance$5,686,156$5,848,591▲ $162,435

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,048,597-▲ $151,196$98,608$2,101,185
2017$1,912,374$16,549▲ $225,306$105,632$2,048,597
2016$2,027,539-▼ $8,925$106,240$1,912,374
2015$2,088,427$2,000▲ $34,061$96,949$2,027,539
2014$1,730,021$218,097▲ $232,200$80,273$2,088,427
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Jane ElderExecutive DirectorPT$89,392$89,392

Board Members and Trustees

NameTitle
Andrew RichardsPresident
Freda HarrisDirector
Jack KussmaulDirector
Linda WareDirector
Mark BradleyDirector
Patricia BradyDirector
Tim SizeDirector
Arjun SangaSecretary
Richard DonkleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$247,668
Other Revenue
$0
Change in Net Assets
$-56,913
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$272,692
Other Expenses$31,889
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$272,692--$272,692
Fees for Service Investment Mgmnt Fees-$28,825-$28,825
Fees for Services Accounting-$3,064-$3,064
Total Functional Expenses$272,692$31,889$0$304,581
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wisconsin Academy of Sciences Arts and LettersMadison, WI501(c)(3)General Support$272,692
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The prepared form 990 is reviewed and approved by the treasurer of the council and all council members are provided a copy of the return before it is filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“Directors, officers and committee members annually sign a statement that they have read, understood and agree to comply with the conflicts of interest policy. They also acknowledge that they have not participated in an activity that would qualify as a conflict of interest in connection with any actual or possible conflict of interest. An individual must disclose to the finance and audit committee the existence and nature of any conflict of interest that is expected in any instance to result in a benefit, either direct or indirect. The directors shall, if appropriate, appoint a disinterested member of the finance and audit committee who does not have a conflict of interest to evaluate the disclosure during discussion of, and vote on, any transaction that could result in a conflict of interest and individual with a conflict must not be present.”

Form 990, Part VI, Section C, Line 19

“The organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Wisconsin Academy Foundation
EIN
39-1681809
Phone
6082631692
Address
1922 UNIVERSITY AVE, MADISON, WI 53726-4013

Signing Officer

Name
Jane Elder
Title
Executive Director
Phone
6082631692
Signed
2019-01-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jane Elder
Formed
1989
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Scott Haumersen CPA
Phone
6082744020
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The wisconsin academy foundation, incorporated has an endowment fund with trust point which consists of donor restricted assets. The foundation has a trust agreement that states that the endowment will hold and invest the funds for the sole benefit of the wisconsin academy of sciences, arts and letters.”

Raw XML AppendixShowing 400 of 430 raw XML fields

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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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0VARIOUS DIRECTORS THAT SERVE ON THE GOVERNING BODY OF WISCONSIN ACADEMY FOUNDATION ALSO SERVE AS DIRECTORS ON THE GOVERNING BODY OF WISCONSIN ACADEMY OF SCIENCES, ARTS AND LETTERS. THESE DIRECTORS ENSURE THAT THE ACADEMY'S BUDGET, PLANS, AND PROGRAMS ARE IN LINE WITH THE MISSION AND EXEMPT PURPOSE OF THE ACADEMY. THE TREASURER ALSO REVIEWS AND REPORTS ON THE FINANCIAL STATEMENTS AND THE EXECUTIVE DIRECTOR REPORTS ON THE PROGRAMMING TO THE FOUNDATION'S DIRECTORS AND THE ACADEMY'S COUNCIL.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE TREASURER OF THE COUNCIL AND ALL COUNCIL MEMBERS ARE PROVIDED A COPY OF THE RETURN BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS, OFFICERS AND COMMITTEE MEMBERS ANNUALLY SIGN A STATEMENT THAT THEY HAVE READ, UNDERSTOOD AND AGREE TO COMPLY WITH THE CONFLICTS OF INTEREST POLICY. THEY ALSO ACKNOWLEDGE THAT THEY HAVE NOT PARTICIPATED IN AN ACTIVITY THAT WOULD QUALIFY AS A CONFLICT OF INTEREST IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST. AN INDIVIDUAL MUST DISCLOSE TO THE FINANCE AND AUDIT COMMITTEE THE EXISTENCE AND NATURE OF ANY CONFLICT OF INTEREST THAT IS EXPECTED IN ANY INSTANCE TO RESULT IN A BENEFIT, EITHER DIRECT OR INDIRECT. THE DIRECTORS SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED MEMBER OF THE FINANCE AND AUDIT COMMITTEE WHO DOES NOT HAVE A CONFLICT OF INTEREST TO EVALUATE THE DISCLOSURE DURING DISCUSSION OF, AND VOTE ON, ANY TRANSACTION THAT COULD RESULT IN A CONFLICT OF INTEREST AND INDIVIDUAL WITH A CONFLICT MUST NOT BE PRESENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,848,591
Liabilities
$0
Net assets
$5,848,591
Revenue
$247,668
Expenses
$304,581
Net income
-$56,913
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.49$0.00$6.49$0.70$0.35$0.35
2024Detailed filing. Detailed filing data is available for this year.$6.18$0.00$6.18$0.23$0.34$0.11
2023Detailed filing. Detailed filing data is available for this year.$5.90$0.00$5.90$0.22$0.33$0.11
2022Detailed filing. Detailed filing data is available for this year.$5.70$0.00$5.70$0.40$0.28$0.12
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.78$0.05$6.73$0.47$0.36$0.11
2020Detailed filing. Detailed filing data is available for this year.$5.42$0.00$5.41$0.13$0.34$0.21
2019Detailed filing. Detailed filing data is available for this year.$5.74$0.00$5.74$0.16$0.31$0.15
2018Detailed filing. Detailed filing data is available for this year.$5.85$0.00$5.85$0.25$0.30$0.06
2017Detailed filing. Detailed filing data is available for this year.$5.69$0.00$5.69$0.18$0.32$0.13
2016Detailed filing. Detailed filing data is available for this year.$5.31$0.00$5.31$0.05$0.30$0.25
2015Detailed filing. Detailed filing data is available for this year.$5.63$0.00$5.63$0.73$0.29$0.44
2014Detailed filing. Detailed filing data is available for this year.$5.85$0.03$5.82$0.30$0.28$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.22$0.05$5.17$0.38$0.32$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.86$0.00$4.86$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.17$0.00$5.17$0.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.67$0.00$4.67$0.26