Totals
- Total revenue
- $1,965,569
- Total expenses
- $1,295,251
- Contributions and grants received
- $1,851,357
- Grants paid
- $28,100
- Program service revenue
- $224,112
- Investment income
- $10,139
- Other revenue
- -$120,039
- Total assets, end of year
- $6,546,132
- Total liabilities, end of year
- $1,536,852
- Net assets or fund balances, end of year
- $5,009,280
- Program services expenses (Part IX)
- $824,003
- Management and general expenses
- $296,323
- Fundraising expenses
- $174,925
- Program service expenses (Part III)
- $824,003
Program services were 63.6% 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.
-
1c · Fundraising events
$98,682
-
1f · All other contributions, gifts and grants
$1,752,675
-
1g · Noncash contributions included above
$12,682
-
2a · Program service revenue: CONFERENCES, SEMINARS, AND EVENTS
total $224,112 · related or exempt $224,112
-
3 · Investment income
total $6,703 · excluded $6,703
-
6a · Gross rents
real property $347,780
-
6b · Less rental expenses
real property $455,575
-
6c · Rental income or loss
real property -$107,795
-
6d · Net rental income or loss
total -$107,795 · excluded -$107,795
-
7a · Gross sales of assets other than inventory
securities $349,977 · other assets $21,678
-
7b · Less cost or other basis and sales expenses
securities $288,537 · other assets $79,682
-
7c · Gain or loss
securities $61,440 · other assets -$58,004
-
7d · Net gain or loss
total $3,436 · excluded $3,436
-
8a · Fundraising events: gross income
$53,350
-
8a · Fundraising events: contributions included on line 1c
$98,682
-
8b · Fundraising events: direct expenses
$66,310
-
8c · Net income from fundraising events
total -$12,960 · excluded -$12,960
-
11d · All other revenue
total $716 · excluded $716
-
11e · Other revenue, total
$716
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $28,100 · program services $28,100
-
11a · Fees: management
total $688,697 · program services $325,135 · management and general $199,334 · fundraising $164,228
-
11b · Fees: legal
total $6,911 · management and general $6,911
-
11c · Fees: accounting
total $8,716 · management and general $8,716
-
11f · Fees: investment management
total $424 · management and general $424
-
11g · Fees: other
total $58,984 · program services $35,162 · management and general $17,402 · fundraising $6,420
-
13 · Office expenses
total $59,378 · program services $33,494 · management and general $21,607 · fundraising $4,277
-
17 · Travel
total $36,210 · program services $36,210
-
19 · Conferences, conventions and meetings
total $341,901 · program services $341,901
-
20 · Interest
total $19,631 · management and general $19,631
-
23 · Insurance
total $7,742 · management and general $7,742
-
24e · All other expenses
total $38,557 · program services $24,001 · management and general $14,556
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $71,826 · end of year $141,191
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $310,000
-
4 · Accounts receivable
beginning of year $499 · end of year $1,468
-
9 · Prepaid expenses and deferred charges
beginning of year $110,577 · end of year $100,627
-
10a · Land, buildings and equipment: cost or other basis
$8,369,919
-
10b · Land, buildings and equipment: accumulated depreciation
$2,542,449
-
10c · Land, buildings and equipment, net
beginning of year $1,857,403 · end of year $5,827,470
-
11 · Investments: publicly traded securities
beginning of year $374,462 · end of year $26,504
-
12 · Investments: other securities
beginning of year $2,324,820 · end of year $112,396
-
15 · Other assets
beginning of year $54,048 · end of year $26,476
-
17 · Accounts payable and accrued expenses
beginning of year $131,133 · end of year $276,848
-
19 · Deferred revenue
beginning of year $252,059 · end of year $260,614
-
25 · Other liabilities
beginning of year $55,634 · end of year $999,390
-
27 · Net assets without donor restrictions
beginning of year $4,274,809 · end of year $4,839,280
-
28 · Net assets with donor restrictions
beginning of year $80,000 · end of year $170,000
Mission and programs · 2025
Mission
WMC FOUNDATION, INC.'S MISSION IS TO PROVIDE BUSINESS AND ECONOMICS EDUCATION, PROMOTE THE VALUE OF THE FREE ENTERPRISE SYSTEM AND ENSURE A HIGH QUALITY OF LIFE FOR OUR CITIZENS.
Activities or mission (Part I)
TO SPONSOR AND CONDUCT EDUCATIONAL PROGRAMS AND SEMINARS ON MATTERS RELATING TO ECONOMICS AND BUSINESS, SO AS TO FOSTER A GREATER UNDERSTANDING OF THE PROBLEMS OF BUSINESS AND INDUSTRY AND OF THE FREE ENTERPRISE SYSTEM, AND THE MANY ASPECTS OF THE SAME, INCLUDING, WITHOUT LIMITATION, WORKPLACE SAFETY, EMPLOYEE TRAINING AND EDUCATION, AND LAWS, RULES AND REGULATIONS WHICH MAY IMPACT BUSINESS AND THE ECONOMY.
-
EDUCATIONAL PROGRAMS:INFORMATIONAL SEMINARS, WEBINARS, RESEARCH STUDIES, REPORTS, MEETINGS, AND CONFERENCES RELATING TO A VARIETY OF TOPICS INCLUDING HEALTH CARE, ENVIRONMENT, EDUCATION, LEADERSHIP, ENERGY, TRANSPORTATION, TAXES, HUMAN RESOURCES, AND LEGAL REFORM.WISCONSIN BUSINESS WORLD IS A PROGRAM OF THE FOUNDATION AIMED AT PROVIDING HIGH SCHOOL STUDENTS WITH ECONOMIC AND FINANCIAL LITERACY EDUCATION WHILE TEACHING THE IMPORTANCE OF FREE-MARKET ENTERPRISE. BUSINESS WORLD HOSTS SUMMER CAMPS EACH YEAR AND NUMEROUS ONE-DAY "MINI" PROGRAMS DURING THE SCHOOL YEAR FOR SCHOOL DISTRICTS AROUND THE STATE. STUDENTS PARTICIPATE IN HANDS-ON EXERCISES THAT EASILY RELATE TO THE EVERYDAY LIFE OF RUNNING A BUSINESS AND FINISH EACH PROGRAM WITH A BETTER UNDERSTANDING OF THE INTRICACIES OF BUSINESS. THE PROGRAM ALSO EXPOSES STUDENTS TO THE VARIETY OF DIFFERENT CAREER OPPORTUNITIES AVAILABLE AFTER HIGH SCHOOL OR COLLEGE.
Expenses $824,003 · Grants $28,100 · Revenue $224,112
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
KURT BAUER
CHAIRMAN/CEO
- Total calculated
- $678,211
- From this org
- $0
- From related orgs
- $620,025
- Other
- $58,186
- Hours/week
- 3.8 + 33.8 related
Schedule J breakdown matched by us
- Base
- $0 + $440,284 related
- Bonus
- $0 + $148,303 related
- Other
- $0 + $31,438 related
- Deferred
- $0 + $34,000 related
- Nontaxable benefits
- $0 + $24,186 related
- Filer's total
- $0 + $678,211 related
-
DAVID ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 0.3 related
-
DANIEL ARIENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 0.03 related
-
COLE BAWEK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03
-
THOMAS BOLDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 0.03 related
-
TRICIA BRAUN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03
-
JP BRUMMOND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03
-
TIMOTHY CHRISTEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03
-
ROBYN GRUNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03
-
JOSH HOESCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03
-
ROBERT KAMPHUIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 0.03 related
-
SCOTT KOWALSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03
-
STEVE LOEHR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 0.03 related
-
RUSSELL SCHIEBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03
-
KARL SCHMIDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 0.3 related
-
DREW SLOCUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03
-
CARRIE STROBEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03
-
MIKE VICTORSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03
-
MATT WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03
-
CONNOR MELOY
DIRECTOR (THRU MID-DECEMBER)
- Total calculated
- $0
- Hours/week
- 0.03
-
SAMANTHA METCALF
DIRECTOR (THRU MID-DECEMBER)
- Total calculated
- $0
- Hours/week
- 0.03
-
ROBERT BERMKE
DIRECTOR (THRU SEPTEMBER)
- Total calculated
- $0
- Hours/week
- 0.03
-
MATT KANZ
DIRECTOR (THRU JUNE)
- Total calculated
- $0
- Hours/week
- 0.03
-
KATIE POEHLING SEYMOUR
DIRECTOR (THRU JUNE)
- Total calculated
- $0
- Hours/week
- 0.03 + 0.3 related
-
WADE GOODSELL
PRESIDENT
- Total calculated
- $297,097
- From this org
- $0
- From related orgs
- $256,536
- Other
- $40,561
- Hours/week
- 16.9 + 20.3 related
Schedule J breakdown matched by us
- Base
- $0 + $201,320 related
- Bonus
- $0 + $55,000 related
- Other
- $0 + $216 related
- Deferred
- $0 + $17,113 related
- Nontaxable benefits
- $0 + $23,448 related
- Filer's total
- $0 + $297,097 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
- ANNUALLY WISCONSIN MANUFACTURERS AND COMMERCE (WMC) COLLECTS COMPARABLE COMPENSATION AND BENEFITS DATA FROM SEVERAL SOURCES INCLUDING OTHER LOCAL ASSOCIATIONS, AN ORGANIZATION OF PEER ASSOCIATIONS FROM AROUND THE COUNTRY, AND OTHER SOURCES AVAILABLE. WMC STAFF PROVIDES INFORMATION TO THE WMC COMPENSATION COMMITTEE CHAIR WHO THEN MAKES COMPENSATION RECOMMENDATIONS TO THE CHAIR OF THE GOVERNING BODY OF WMC WHO HAS RESPONSIBILITY FOR MAKING FINAL DETERMINATIONS. THE COMPENSATION COMMITTEE REVIEWS THE PROPOSALS BY THE CHAIR REGARDING COMPENSATION CHANGES AND THE FRINGE BENEFIT PACKAGES FOR THE PRESIDENT/CEO AND OTHER OFFICERS AND KEY EMPLOYEES. THE PRESIDENT/CEO IS RESPONSIBLE FOR MAINTAINING A RECORD OF THIS PROCESS.
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
-
$25,000
GENERAL PURPOSES
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.
-
WISCONSIN MANUFACTURERS AND COMMERCE INC
501(C)(6) · STATE CHAMBER OF COMMERCE AND MANUFACTURERS' ASSOCIATION · WI
Provenance
- Return type
- form_990
- Tax year
- 2025
- IRS schema version
- 2025v4.2
- Source object
- 202632169349301598
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