Civic Intelligence

Wisconsin Academy Foundation Inc.

990 • Fiscal year 2020 • EIN 39-1681809

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 26, 2021

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

(608) 733-6633

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

14th percentile

0.02x

Higher debt load relative to revenue than 14% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

2nd percentile

-171%

Higher net margin than 2% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$93,043

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 74.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

12th percentile

-5.6%

Faster asset growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

19th percentile

-21%

Faster revenue growth than 19% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets9th percentile

Assets

Down

$5,416,604

Down $321,661 (-5.6%) from 2019

Net Assets

Down

$5,414,304

Down $323,961 (-5.6%) from 2019

Liabilities

Up

$2,300

Up $2,300 from 2019

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin2nd percentile

Revenue

Down

$125,717

Down $32,866 (-21%) from 2019

Expenses

Up

$340,134

Up $30,624 (+9.9%) from 2019

Net Income

Down

-$214,417

Down $63,490 (-42%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth12th 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

2020

Assets$5,416,604
Liabilities$2,300
Net Assets$5,414,304
Open 2020 Filing

Operations Trend

Revenue Growth19th 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

2020

Revenue$125,717
Expenses$340,134
Net Income-$214,417
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 26, 2021
Return Version
2019v5.1
Gross Receipts
$2,480,119
Mission and Program Overview

Mission

The mission of wisconsin academy foundation is 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$5,720,262$5,307,288▼ $412,974
Savings and Temporary Cash Investments$18,003$109,316▲ $91,313
Total Assets$5,738,265$5,416,604▼ $321,661
Liabilities
Accounts Payable and Accrued Expenses-$2,300-
Total Liabilities$0$2,300▲ $2,300
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,673,267$3,464,012▼ $209,255
Net Assets With Donor Restrictions$2,064,998$1,950,292▼ $114,706
Total Net Assets Fund Balance$5,738,265$5,414,304▼ $323,961
Total Liabilities and Net Assets / Fund Balance$5,738,265$5,416,604▼ $321,661

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$2,064,998$500▲ $5,718$120,924$1,950,292
2019$2,101,185-▲ $65,333$101,520$2,064,998
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
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Jane ElderExecutive DirectorPT$93,043$93,043

Board Members and Trustees

NameTitle
Patricia BradyAcademy President
Freda HarrisFoundation President
Andrew RichardsDirector
Jack KussmaulDirector
Kristen CarreiraDirector
Mark BradleyDirector
Tim SizeDirector
Arjun SangaSecretary
Richard DonkleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$125,717
Other Revenue
$0
Change in Net Assets
$-214,417
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$309,143
Other Expenses$30,991
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$309,143--$309,143
Fees for Service Investment Mgmnt Fees-$28,691-$28,691
Fees for Services Accounting-$2,300-$2,300
Total Functional Expenses$309,143$30,991$0$340,134
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wisconsin Academy of Sciences Arts and LettersMadison, WI501(c)(3)General Support$309,143
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 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
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 foundation and all foundation 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
6087336633
Address
1922 UNIVERSITY AVE, MADISON, WI 53726-4013

Signing Officer

Name
Jane Elder
Title
Executive Director
Phone
6087336633
Signed
2021-01-26
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
10

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.”

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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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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE BOARD MEMBERS ARE TO BE IN GOOD STANDING WITH WISCONSIN ACADEMY OF SCIENCES, ART, AND LETTERS AND THERE IS COMMON MANAGEMENT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION C, LINE 1
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IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0309143
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0500
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01950292
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt05718
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0120924
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02101185
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02101185
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0151196
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt098608
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01912374
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt016549
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02048597
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0225306
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0105632
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0106240
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.03800
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0309143
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WISCONSIN ACADEMY OF SCIENCES ARTS AND LETTERS
IRS990ScheduleI/RecipientTable/RecipientEIN0391054856
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01922 UNIVERSITY AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MADISON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0537264013
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:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE TREASURER OF THE FOUNDATION AND ALL FOUNDATION 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
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0391054856
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROMOTE THE SCIENCES, ARTS, AND LETTERS THROUGHOUT WISCONSIN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01922 UNIVERSITY AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MADISON
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IRS990ScheduleR/PerformOfServicesForOthOrgInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0309143
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IRS990/TotalOtherCompensationAmt09886
IRS990/TotalProgramServiceExpensesAmt0309143
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0125717
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0125717
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
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IRS990/VotingMembersGoverningBodyCnt09
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IRS990/WebsiteAddressTxt0WWW.WISCONSINACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JANE ELDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,416,604
Liabilities
$2,300
Net assets
$5,414,304
Revenue
$125,717
Expenses
$340,134
Net income
-$214,417
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