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← WISCONSIN HISTORICAL REAL ESTATE FOUNDATION INC

Form 990 for tax year 2022

Filed by WISCONSIN HISTORICAL REAL ESTATE FOUNDATION INC.

Totals

Total revenue
$33,895
Total expenses
$188,100
Contributions and grants received
$0
Grants paid
$175,069
Program service revenue
$33,895
Investment income
$0
Other revenue
$0
Total assets, end of year
$500,878
Total liabilities, end of year
$1,000
Net assets or fund balances, end of year
$499,878
Program services expenses (Part IX)
$188,100
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$188,100

Program services were 100.0% 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.

  • 2a · Program service revenue: SERVICE FEES

    total $33,895 · related or exempt $33,895

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $175,069 · program services $175,069

  • 11g · Fees: other

    total $10,000 · program services $10,000

  • 13 · Office expenses

    total $1,525 · program services $1,525

  • 23 · Insurance

    total $1,506 · program services $1,506

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $183,578 · end of year $205,739

  • 9 · Prepaid expenses and deferred charges

    beginning of year $299 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $295,139

  • 10c · Land, buildings and equipment, net

    beginning of year $470,206 · end of year $295,139

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $1,000

  • 27 · Net assets without donor restrictions

    beginning of year $654,083 · end of year $499,878

Mission and programs · 2022

Mission

THE WISCONSIN HISTORICAL REAL ESTATE FOUNDATION EXISTS TO SUPPORT THE MISSION OF THE WISCONSIN HISTORICAL SOCIETY AND WISCONSIN HISTORICAL FOUNDATION AND PROMOTE THE PRESERVATION AND REUSE OF HISTORIC STRUCTURES IN WISCONSIN.

Activities or mission (Part I)

TO FURTHER THE TAX EXEMPT PURPOSES OF THE WISCONSIN HISTORICAL FOUNDATION, INC. OR THE STATE HISTORICAL SOCIETY OF WISCONSIN.

  • THE MISSION OF WHREFI IS TO PARTNER WITH THE PRIVATE SECTOR IN INNOVATIVE WAYS AND, THROUGH ITS ACTIVITIES, OFFER CREATIVE OPPORTUNITIES FOR INVESTMENT AND GENERATE NEW ASSETS AND REVENUE STREAMS FOR THE FOUNDATION. WHREFI MAY CHOOSE TO HOLD THESE INVESTMENTS IN ORDER TO GARNER FUTURE APPRECIATION. ASSET TYPES MAY INCLUDE EQUITIES, DEVELOPABLE PROPERTY, NET LEASE PROPERTY, AND COMMODITIES, ALTHOUGH IT HAS NO CURRENT SPECIFIC STRATEGIES SEEKING DONATIONS IN THESE AREAS. IN THE FUTURE, WHREFI MAY ALSO SEEK TO BECOME A RESOURCE FOR OWNERS, DEVELOPERS, INVESTORS, MUNICIPALITIES, AND HISTORIC PRESERVATIONISTS AS HISTORIC PROPERTIES ARE PRESERVED USING TAX CREDIT METHODOLOGY.THE WISCONSIN HISTORICAL REAL ESTATE FOUNDATION, INC. CURRENTLY HOLDS TITLE TO SIX PARCELS OF VACANT LAND. THE PROPERTIES ARE ADJACENT TO WADE HOUSE AND REED SCHOOL, BOTH WISCONSIN HISTORIC SITES.

    Expenses $188,100 · Grants $175,069 · Revenue $33,895

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jon Beck

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dave Wilder

    VICE PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Joe Shumow

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kendall Breunig

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Lussier

    EXECUTIVE DIRECTOR

    Total calculated
    $164,656
    From this org
    $0
    From related orgs
    $148,725
    Other
    $15,931
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,725 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,825 related
    Nontaxable benefits
    $0 + $1,106 related
    Filer's total
    $0 + $164,656 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
THE EXECUTIVE DIRECTOR'S COMPENSATION IS ESTABLISHED BASED ON AN ANNUAL PERFORMANCE REVIEW GIVEN BY THE BOARD CHAIR OF WISCONSIN HISTORICAL FOUNDATION, INC.(WHF) BASED ON INPUT FROM WHF'S EXECUTIVE COMMITTEE.

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

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
3 May 2024
IRS schema version
2022v5.0
Source object
202431279349302088

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