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← WFB FOUNDATION SUPPORTING ORGANIZATION INC

Form 990 for tax year 2022

Filed by WFB FOUNDATION SUPPORTING ORGANIZATION INC.

Totals

Total revenue
$31,498
Total expenses
$70,842
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$31,498
Other revenue
$0
Total assets, end of year
$1,227,792
Total liabilities, end of year
$4,979
Net assets or fund balances, end of year
$1,222,813
Program services expenses (Part IX)
$65,126
Management and general expenses
$5,716
Fundraising expenses
$0
Program service expenses (Part III)
$65,126

Program services were 91.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $18,051 · excluded $18,051

  • 7a · Gross sales of assets other than inventory

    securities $429,995

  • 7b · Less cost or other basis and sales expenses

    securities $416,548

  • 7c · Gain or loss

    securities $13,447

  • 7d · Net gain or loss

    total $13,447 · excluded $13,447

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $4,900 · management and general $4,900

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $140 · management and general $140

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Institute

    total $23,576 · program services $23,576

  • 24b · Other expenses: YFA Committee

    total $38,699 · program services $38,699

  • 24c · Other expenses: Collegiate Farm Bureau

    total $2,851 · program services $2,851

  • 24e · All other expenses

    total $676 · management and general $676

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $46,548 · end of year $13,200

  • 11 · Investments: publicly traded securities

    beginning of year $1,137,308 · end of year $1,214,243

  • 15 · Other assets

    beginning of year $446 · end of year $349

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,687 · end of year $4,979

  • 27 · Net assets without donor restrictions

    beginning of year $939,680 · end of year $1,013,878

  • 28 · Net assets with donor restrictions

    beginning of year $208,935 · end of year $208,935

Mission and programs · 2022

Mission

The purpose of the Supporting Organization is to conduct, or support, activities and/or raise funds to help carry out the purposes of the Wisconsin Farm Bureau Foundation.

  • The purpose of the Young Farmers Committee is to 1 promote the understanding of Wisconsin agriculture and its importance among farmers under thirty-five years of age, 2 encourage participation by young farmers in activities beneficial to the agricultural community in Wisconsin and promote leadership development activities.

    Expenses $38,699

  • The WFBF Institute is a year long leadership training course at a graduate level whose mission is to produce strong and effective leaders. The training focuses on personal growth and development, public speaking, working effectively with all forms of media, creativity training, understanding the role and functions of WFBF, training on working with government at the local, state, and national levels, working to bridge the generational divide among volunteers, consideration of current national and international agricultural issues, and completion of a Personal Development Leadership Plan.

    Expenses $23,576

  • UW Collegiate FB

    Expenses $2,851

As filed on the 2022 return.

Listed in Part VII

  • Kevin Krentz

    Officer

    Total calculated
    $165,028
    From this org
    $0
    From related orgs
    $131,572
    Other
    $33,456
    Hours/week
    0.02 + 50.3 related

    Schedule J breakdown matched by us

    Base
    not reported + $131,572 related
    Bonus
    not reported
    Other
    not reported + $336 related
    Deferred
    not reported + $5,616 related
    Nontaxable benefits
    not reported + $27,504 related
    Filer's total
    not reported + $165,028 related

  • Steve Mason

    Officer

    Total calculated
    $113,486
    From this org
    $0
    From related orgs
    $88,530
    Other
    $24,956
    Hours/week
    0.02 + 50.3 related

  • Kim Pokorny

    Former Officer

    Total calculated
    $107,157
    From this org
    $0
    From related orgs
    $93,885
    Other
    $13,272
    Hours/week
    0.02 + 50.3 related

    Schedule J breakdown matched by us

    Base
    not reported + $93,885 related
    Bonus
    not reported
    Other
    not reported + $168 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $13,104 related
    Filer's total
    not reported + $107,157 related

  • Dave Daniels

    Officer

    Total calculated
    $9,340
    From this org
    $0
    From related orgs
    $9,340
    Other
    $0
    Hours/week
    0.02 + 12.15 related

  • Joseph Bragger

    Director

    Total calculated
    $6,580
    From this org
    $0
    From related orgs
    $6,580
    Other
    $0
    Hours/week
    0.02 + 12.15 related

  • Ryan Klussendorf

    Director

    Total calculated
    $6,100
    From this org
    $0
    From related orgs
    $6,100
    Other
    $0
    Hours/week
    0.02 + 12.15 related

  • Arch Morton

    Director

    Total calculated
    $6,100
    From this org
    $0
    From related orgs
    $6,100
    Other
    $0
    Hours/week
    0.02 + 12.15 related

  • Brian Peder

    Director

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    0.02 + 12.15 related

  • Robert Nigh

    Director

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    0.02 + 12.15 related

  • Rosie Lisowe

    Director

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    0.02 + 12.15 related

  • Brenda Dowiasch

    Director

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    0.02 + 5.15 related

  • Peter Kimball

    Director

    Total calculated
    $5,520
    From this org
    $0
    From related orgs
    $5,520
    Other
    $0
    Hours/week
    0.02 + 12.15 related

  • Robert Nash

    Director

    Total calculated
    $0
    Hours/week
    0.02 + 5.15 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I Line 3
Compensation is paid by the Wisconsin Farm Bureau Federation and an independent compensation consultant recommends a compensation range and the Board of Directors sets the compensation during an executive session with no members of management in attendance.
Part II Line 1ii
col Biii LTD Insurance - taxable
Part II Line 2ii
col Biii LTD Insurance - taxable

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
26 June 2024
IRS schema version
2022v5.0
Source object
202441789349301224

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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