Civic Intelligence

Wisconsin Foundation for School Music Inc.

990 • Fiscal year 2022 • EIN 39-1826152

Jul 01, 2021 to Jun 30, 2022 • Filed on May 03, 2023

1005 Quinn DriveWaunakee, WI 53597

(608) 850-3566

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

25th percentile

-12%

Higher net margin than 25% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

99th percentile

$115,244

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 195.8% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

31st percentile

-10%

Faster asset growth than 31% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

48th percentile

7.0%

Faster revenue growth than 48% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$417,087

Down $47,381 (-10%) from 2021

Net Assets

Down

$417,087

Down $47,381 (-10%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$58,851

Up $3,847 (+7.0%) from 2021

Expenses

Down

$65,643

Down $5,043 (-7.1%) from 2021

Net Income

Up

-$6,792

Up $8,890 (+57%) from 2021

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $256,584Liabilities 2011: $1,517Net Assets 2011: $255,0672011Assets 2012: $253,817Liabilities 2012: $1,223Net Assets 2012: $252,5942012Assets 2013: $302,056Liabilities 2013: $1,223Net Assets 2013: $300,8332013Assets 2014: $347,727Liabilities 2014: $0Net Assets 2014: $347,7272014Assets 2015: $337,881Liabilities 2015: $0Net Assets 2015: $337,8812015Assets 2016: $334,214Liabilities 2016: $0Net Assets 2016: $334,2142016Assets 2017: $356,339Liabilities 2017: $0Net Assets 2017: $356,3392017Assets 2018: $388,709Liabilities 2018: $110Net Assets 2018: $388,5992018Assets 2019: $388,914Liabilities 2019: $0Net Assets 2019: $388,9142019Assets 2020: $420,285Liabilities 2020: $0Net Assets 2020: $420,2852020Assets 2021: $464,468Liabilities 2021: $0Net Assets 2021: $464,4682021Assets 2022: $417,087Liabilities 2022: $0Net Assets 2022: $417,0872022Assets 2023: $429,041Liabilities 2023: $1,403Net Assets 2023: $427,6382023Assets 2024: $460,567Liabilities 2024: $0Net Assets 2024: $460,5672024

Highlighted filing

2022

Assets$417,087
Liabilities$0
Net Assets$417,087

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $90,215Expenses 2011: $117,506Net Income 2011: -$27,2912011Revenue 2012: $100,193Expenses 2012: $102,218Net Income 2012: -$2,0252012Revenue 2013: $108,363Expenses 2013: $80,128Net Income 2013: $28,2352013Revenue 2014: $96,570Expenses 2014: $75,318Net Income 2014: $21,2522014Revenue 2015: $71,333Expenses 2015: $78,931Net Income 2015: -$7,5982015Revenue 2016: $97,588Expenses 2016: $87,017Net Income 2016: $10,5712016Revenue 2017: $76,208Expenses 2017: $69,283Net Income 2017: $6,9252017Revenue 2018: $77,502Expenses 2018: $61,949Net Income 2018: $15,5532018Revenue 2019: $49,975Expenses 2019: $62,281Net Income 2019: -$12,3062019Revenue 2020: $88,241Expenses 2020: $33,939Net Income 2020: $54,3022020Revenue 2021: $55,004Expenses 2021: $70,686Net Income 2021: -$15,6822021Revenue 2022: $58,851Expenses 2022: $65,643Net Income 2022: -$6,7922022Revenue 2023: $97,733Expenses 2023: $61,645Net Income 2023: $36,0882023Revenue 2024: $67,348Expenses 2024: $52,925Net Income 2024: $14,4232024

Highlighted filing

2022

Revenue$58,851
Expenses$65,643
Net Income-$6,792
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 3, 2023
Return Version
2021v4.0
Gross Receipts
$75,811
Mission and Program Overview

Mission

Promote and perpetuate music education in wisconsin schools

To promote and perpetuate music education in the schools of wisconsin and to assist in carrying out the educational and charitable purposes of the wisconsin school music association.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$390,561$350,050▼ $40,511
Cash and Non-Interest-Bearing Accounts$14,841$14,321▼ $520
Land, Buildings, and Equipment, Net$5,945$5,085▼ $860
Pledges and Grants Receivable$500--
Total Assets$464,468$417,087▼ $47,381
Other Assets Total$52,621$47,631▼ $4,990
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$444,271$398,309▼ $45,962
Net Assets Without Donor Restrictions$20,197$18,778▼ $1,419
Total Net Assets Fund Balance$464,468$417,087▼ $47,381
Total Liabilities and Net Assets / Fund Balance$464,468$417,087▼ $47,381

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,085$11,113$16,198
Other Assets Org$3,572--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$393,301$4,879▼ $30,416-$350,050
2021$347,431$6,685▲ $57,406-$393,301
2020$312,980$28,028▲ $12,373$-5,950$347,431
2019$303,638$10,365▲ $16,977-$312,980
2018$292,773$20,684▲ $12,579-$303,638
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Laurie FellenzExecutive Di$11,975$103,269$115,244

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$49,906
Program Service Revenue
$0
Investment Income
$8,945
Other Revenue
$0
All Other Contributions
$49,906
Change in Net Assets
$-6,792
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$26,229
Other Expenses$21,314
Salaries, Compensation, and Employee Benefits$18,100
Total Fundraising Expense$3,206
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$24,419--$24,419
Current Officers, Directors, Trustees, and Key Employees$3,193$10,377$2,395$15,965
Fees for Services Accounting-$8,220-$8,220
Office Expenses$3,123$1,041-$4,164
Insurance-$3,392-$3,392
Grants to Domestic Individuals$1,810--$1,810
Advertising$822$284$61$1,167
Other Salaries and Wages$905$155$31$1,091
Payroll Taxes$261$637$146$1,044
Depreciation Depletion$605$209$45$859
Other Expenses-$54$528$54
Total Functional Expenses$35,138$27,299$3,206$65,643
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wisconsin School Music AssociationWaunakee, WI3Music Programs$24,419
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
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed and approved by the executive director and board of directors prior to filing the return.

Form 990, Page 6, Part VI, Line 19

Governing documents available upon request.

Filing and Contact Details

Filer

Filer Name
Wisconsin Foundation
EIN
39-1826152
Phone
6088503566
Address
1005 QUINN DRIVE, WAUNAKEE, WI 53597

Signing Officer

Name
Laurie Fellenz
Title
Executive Director
Phone
6082494566
Signed
2023-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rich Appel
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
25

Preparer

Firm
Johnson Block & Co Inc
Address
2500 BUSINESS PARK ROAD, MINERAL POINT, WI 53565
Preparer
Brent Nelson
Phone
6089872206
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The foundation has three donor-restricted endowment funds, the honors endowment, leckrone endowment, and jarreau endowment. Contributed funds to the honors endowment are invested and only earnings on investment or 5% of the endowment (whichever is greater) may be used each year to support student musicians or conductors. A percentage of contributed funds to the leckrone endowment (as determined by the foundation's board of trustees) is used to support the operating costs of the wsma state marching band championships. A percentage of contributed funds to the jarreau endowment (as determined by the foundation's board of trustees) is used to provide financial support for milwaukee public schools students to participate in statewide music programs offered by wsma.

Schedule D, Page 3, Part X

The foundation has adopted accounting guidance for recognizing and measuring uncertain tax positions. The foundation follows statutory requirements for income tax accounting and generally avoids risks associated with potentially problematic tax positions that may be challenged upon examination. Management beleives any liability resulting from taxing authorities imposing income taxes from activities deemed to be unrelated to the foundation's tax exempt status would not be material to the financial statements. The foundation's federal exempt organization returns are subject to examination by the internal revenue service, generally for three years after they are filed. With few exceptions, the foundation is no longer subject to such examinations for tax years before 2018.

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IRS990/Desc0WE PROVIDE SUPPORT TO WISCONSIN SCHOOL MUSIC ASSOCIATION (WSMA) TO INCREASE THE INVOLVEMENT OF ALL YOUTH IN MUSIC EDUCATION. WE ADMINISTER FOUR ENDOWMENTS SUPPORTING WSMA: 1) THE HONORS ENDOWMENT EARNINGS ARE USED TO SUPPORT KEEPING THE WSMA STATE HONORS MUSIC PROJECT AFFORDABLE FOR STUDENTS TO PARTICIPATE; 2) THE MIKE LECKRONE ENDOWMENT FUND EARNINGS PROVIDE SUPPORT TO STUDENTS AND TEACHERS BY COVERING COSTS ASSOCIATED WITH THE WSMA STATE MARCHING BAND CHAMPIONSHIPS; 3) THE AL JARREAU ENDOWMENT FUND WAS ESTABLISHED TO SUPPORT MILWAUKEE PUBLIC SCHOOLS STUDENTS WITH PARTICIPATION IN STATEWIDE MUSIC PROGRAMS OFFERED BY WSMA, AND 4) THE UNRESTRICTED ENDOWMENT SUPPORTS FOUNDATION PROGRAMS, PARTNER ORGANIZATIONS, REWARDS EXCELLENCE IN MUSIC EDUCATION, AND OPERATING EXPENSES.
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IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE AND PERPETUATE MUSIC EDUCATION IN THE SCHOOLS OF WISCONSIN AND TO ASSIST IN CARRYING OUT THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE WISCONSIN SCHOOL MUSIC ASSOCIATION.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/OtherExpensesGrp/Desc0SERVICE CHARGES
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME 1,093
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt066527
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt07203
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06138
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08018
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0879
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01093
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.76360
IRS990ScheduleA/PublicSupportPY170Pct00.81990
IRS990ScheduleA/PublicSupportTotal170Amt0229802
IRS990ScheduleA/SubstantialContributorsTotAmt031905
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt049906
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt066527
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0261707
IRS990ScheduleA/TotalSupportAmt0300953
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt04879
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0350050
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0-17714
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-30416
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0347431
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt06685
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0312980
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012373
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt011113
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13572
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MAD COMM FOUND-WFSM ENDOW FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LIFE INSURANCE -CASH VALUE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS THREE DONOR-RESTRICTED ENDOWMENT FUNDS, THE HONORS ENDOWMENT, LECKRONE ENDOWMENT, AND JARREAU ENDOWMENT. CONTRIBUTED FUNDS TO THE HONORS ENDOWMENT ARE INVESTED AND ONLY EARNINGS ON INVESTMENT OR 5% OF THE ENDOWMENT (WHICHEVER IS GREATER) MAY BE USED EACH YEAR TO SUPPORT STUDENT MUSICIANS OR CONDUCTORS. A PERCENTAGE OF CONTRIBUTED FUNDS TO THE LECKRONE ENDOWMENT (AS DETERMINED BY THE FOUNDATION'S BOARD OF TRUSTEES) IS USED TO SUPPORT THE OPERATING COSTS OF THE WSMA STATE MARCHING BAND CHAMPIONSHIPS. A PERCENTAGE OF CONTRIBUTED FUNDS TO THE JARREAU ENDOWMENT (AS DETERMINED BY THE FOUNDATION'S BOARD OF TRUSTEES) IS USED TO PROVIDE FINANCIAL SUPPORT FOR MILWAUKEE PUBLIC SCHOOLS STUDENTS TO PARTICIPATE IN STATEWIDE MUSIC PROGRAMS OFFERED BY WSMA.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS ADOPTED ACCOUNTING GUIDANCE FOR RECOGNIZING AND MEASURING UNCERTAIN TAX POSITIONS. THE FOUNDATION FOLLOWS STATUTORY REQUIREMENTS FOR INCOME TAX ACCOUNTING AND GENERALLY AVOIDS RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. MANAGEMENT BELEIVES ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE FOUNDATION'S TAX EXEMPT STATUS WOULD NOT BE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION'S FEDERAL EXEMPT ORGANIZATION RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO SUCH EXAMINATIONS FOR TAX YEARS BEFORE 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt047631
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt024419
IRS990ScheduleI/RecipientTable/IRCSectionDesc03
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MUSIC PROGRAMS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WISCONSIN SCHOOL MUSIC ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientEIN0390813464
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01005 QUINN DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WAUNAKEE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.61$0.00$4.61$0.67$0.53$0.14
2023Detailed filing. Detailed filing data is available for this year.$4.29$0.01$4.28$0.98$0.62$0.36
2022Detailed filing. Detailed filing data is available for this year.$4.17$0.00$4.17$0.59$0.66$0.07
2021Detailed filing. Detailed filing data is available for this year.$4.64$0.00$4.64$0.55$0.71$0.16
2020Detailed filing. Detailed filing data is available for this year.$4.20$0.00$4.20$0.88$0.34$0.54
2019Detailed filing. Detailed filing data is available for this year.$3.89$0.00$3.89$0.50$0.62$0.12
2018Detailed filing. Detailed filing data is available for this year.$3.89$0.00$3.89$0.78$0.62$0.16
2017Detailed filing. Detailed filing data is available for this year.$3.56$0.00$3.56$0.76$0.69$0.07
2016Detailed filing. Detailed filing data is available for this year.$3.34$0.00$3.34$0.98$0.87$0.11
2015Detailed filing. Detailed filing data is available for this year.$3.38$0.00$3.38$0.71$0.79$0.08
2014Detailed filing. Detailed filing data is available for this year.$3.48$0.00$3.48$0.97$0.75$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.02$0.01$3.01$1.08$0.80$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$0.01$2.53$1.00$1.02$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$0.02$2.55$0.90$1.18$0.27