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Nonprofiteer
← WLCFS INVESTMENT CORPORATION

Form 990 for tax year 2022

Filed by WLCFS INVESTMENT CORPORATION.

Totals

Total revenue
-$280,481
Total expenses
$1,451,511
Contributions and grants received
$87,626
Grants paid
$0
Program service revenue
$0
Investment income
-$368,107
Other revenue
$0
Total assets, end of year
$6,969,994
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,969,994
Program services expenses (Part IX)
$1,350,015
Management and general expenses
$41,709
Fundraising expenses
$59,787
Program service expenses (Part III)
$1,350,015

Program services were 93.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAVID EGELSEER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • BRAD MICHEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • HEIDI WITZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • JODI BURROW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MARK KLUG

    CEO

    Total calculated
    $165,350
    From this org
    $0
    From related orgs
    $142,858
    Other
    $22,492
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $142,858 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,492 related
    Filer's total
    $0 + $165,350 related

  • MARC DEVILLERS

    DIRECTOR OF FINANCE

    Total calculated
    $129,970
    From this org
    $0
    From related orgs
    $119,027
    Other
    $10,943
    Hours/week
    40

  • JOSHUA MEARS

    HIGHEST COMPENSATED EMPLOY

    Total calculated
    $170,837
    From this org
    $0
    From related orgs
    $147,933
    Other
    $22,904
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $147,933 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,904 related
    Filer's total
    $0 + $170,837 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

  • 5b · Pay contingent on a related organization's revenues

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
  • 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 RELATED ORGANIZATION, WISCONSIN LUTHERAN CHILD AND FAMILY SERVICES, INC., USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION. A COMPENSATION COMMITTEE USED A COMPENSATION SURVEY, A STUDY TO DETERMINE APPROPRIATE COMPENSATION, AND AN OUTSIDE THIRD PARTY ORGANIZATION; WHICH WAS APPROVED BY THE BOARD OF DIRECTORS.
PART I, LINE 5
DR. MEARS WAS PAID A BONUS BASED ON MAINTAINING A HIGH LEVEL OF CENSUS IN WISCONSIN LUTHERAN CHILD AND FAMILY SERVICES' PROGRAMS. THE BONUS AMOUNTED TO $22,819.17.

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
30 October 2023
IRS schema version
2022v5.0
Source object
202333069349300823

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