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Nonprofiteer
← WISPACT INC

Form 990 for tax year 2022

Filed by WISPACT INC.

Totals

Total revenue
$7,114,677
Total expenses
$8,039,222
Contributions and grants received
$0
Grants paid
$627,125
Program service revenue
$7,229,380
Investment income
-$114,703
Other revenue
$0
Total assets, end of year
$18,413,551
Total liabilities, end of year
$684,889
Net assets or fund balances, end of year
$17,728,662
Program services expenses (Part IX)
$6,984,962
Management and general expenses
$1,054,260
Fundraising expenses
$0
Program service expenses (Part III)
$6,984,962

Program services were 86.9% 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.

  • 2a · Program service revenue: TRUST PROCEEDS UPON TERMINATION

    total $4,790,231 · related or exempt $4,790,231

  • 2b · Program service revenue: SERVICE FEES

    total $1,978,684 · related or exempt $1,978,684

  • 2c · Program service revenue: RETAINED FUND REIMBURSEMENT

    total $280,315 · related or exempt $280,315

  • 2d · Program service revenue: SET UP FEES

    total $180,150 · related or exempt $180,150

  • 3 · Investment income

    total $237,289 · excluded $237,289

  • 7a · Gross sales of assets other than inventory

    securities $2,762,918

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

    securities $3,114,910

  • 7c · Gain or loss

    securities -$351,992

  • 7d · Net gain or loss

    total -$351,992 · excluded -$351,992

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $627,125 · program services $627,125

  • 4 · Benefits paid to or for members

    total $4,376,006 · program services $4,376,006

  • 5 · Compensation of officers, directors and key employees

    total $206,688 · program services $103,344 · management and general $103,344

  • 7 · Other salaries and wages

    total $1,246,585 · program services $950,255 · management and general $296,330

  • 8 · Pension plan contributions

    total $112,163 · program services $81,316 · management and general $30,847

  • 9 · Other employee benefits

    total $353,031 · program services $255,942 · management and general $97,089

  • 10 · Payroll taxes

    total $103,928 · program services $75,346 · management and general $28,582

  • 11b · Fees: legal

    total $41,510 · program services $40,449 · management and general $1,061

  • 11c · Fees: accounting

    total $82,176 · program services $6,908 · management and general $75,268

  • 11f · Fees: investment management

    total $89,804 · management and general $89,804

  • 11g · Fees: other

    total $84,542 · management and general $84,542

  • 12 · Advertising and promotion

    total $100,807 · program services $77,995 · management and general $22,812

  • 13 · Office expenses

    total $66,000 · program services $2,634 · management and general $63,366

  • 14 · Information technology

    total $10,774 · program services $160 · management and general $10,614

  • 16 · Occupancy

    total $110,540 · program services $81,606 · management and general $28,934

  • 17 · Travel

    total $38,956 · program services $16,218 · management and general $22,738

  • 19 · Conferences, conventions and meetings

    total $13,581 · program services $387 · management and general $13,194

  • 20 · Interest

    total $796 · management and general $796

  • 22 · Depreciation, depletion and amortization

    total $69,883 · management and general $69,883

  • 23 · Insurance

    total $8,000 · management and general $8,000

  • 24e · All other expenses

    total $296,327 · program services $289,271 · management and general $7,056

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,416,894 · end of year $984,879

  • 2 · Savings and temporary cash investments

    beginning of year $1 · end of year $0

  • 4 · Accounts receivable

    beginning of year $174,929 · end of year $171,554

  • 9 · Prepaid expenses and deferred charges

    beginning of year $108,157 · end of year $79,422

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

    $211,306

  • 10b · Land, buildings and equipment: accumulated depreciation

    $188,702

  • 10c · Land, buildings and equipment, net

    beginning of year $73,836 · end of year $22,604

  • 11 · Investments: publicly traded securities

    beginning of year $11,958,618 · end of year $10,061,241

  • 12 · Investments: other securities

    beginning of year $73,658 · end of year $63,670

  • 14 · Intangible assets

    beginning of year $0 · end of year $52,000

  • 15 · Other assets

    beginning of year $7,258,983 · end of year $6,978,181

  • 17 · Accounts payable and accrued expenses

    beginning of year $314,180 · end of year $219,073

  • 25 · Other liabilities

    beginning of year $6,880 · end of year $465,816

  • 27 · Net assets without donor restrictions

    beginning of year $20,744,016 · end of year $17,728,662

Mission and programs · 2022

Mission

WISPACT ENHANCES THE WELL-BEING OF PEOPLE OF ALL AGES WITH DISABILITIES ACROSS WISCONSIN THROUGH THE MANAGEMENT OF SPECIAL NEEDS TRUSTS BY PROMOTING MORE CHOICE AND OPPORTUNITIES.

Activities or mission (Part I)

TO MANAGE AND SUPERVISE ACTIVITIES OF POOLED AND COMMUNITY TRUSTS FOR PERSONS WITH DISABILITIES AND FOR OTHER CHARITABLE PURPOSES.

  • BENEFICIARY AND CREATOR SERVICES-PROVIDE INFORMATION, REFERRAL, ADVOCACY, AND OVERSIGHT TO AND FOR PERSONS WHO CREATE OR BENEFIT BY SPECIAL NEEDS TRUST ACCOUNTS FOR DISABLED PERSONS. BENEFICIARY SPECIALISTS PROCESS DISBURSEMENT REQUESTS FOR BENEFICIARIES OUT OF THEIR TRUST ACCOUNTS. TRUST ADVISORS COORDINATE THE SET-UP OF NEW TRUST ACCOUNTS CREATED.

    Expenses $6,724,031 · Grants $622,980 · Revenue $7,229,380

  • EDUCATION AND OUTREACH-PROVIDE EDUCATION TO THE PUBLIC ABOUT SPECIAL NEEDS TRUSTS FOR PEOPLE WITH DISABILITIES THROUGH PUBLICATIONS ONLINE AND IN PRINT AND THROUGH PRESENTATIONS TO GROUPS.

    Expenses $260,931 · Grants $4,145

As filed on the 2022 return.

Listed in Part VII

  • Kevin Hayde

    EXECUTIVE DIRECTOR

    Total calculated
    $206,687
    From this org
    $173,951
    From related orgs
    $0
    Other
    $32,736
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,899
    Bonus
    $13,052
    Other
    $0
    Deferred
    $8,308
    Nontaxable benefits
    $24,428
    Filer's total
    $206,687

  • Eric Degroot

    FOUNDATION DIRECTOR

    Total calculated
    $138,955
    From this org
    $119,496
    From related orgs
    $0
    Other
    $19,459
    Hours/week
    40

  • Julie Strenn

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Hughes

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jordon Geiger

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Bridget Erwin

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Gene Larock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Blaine Patino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Heather Poster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kate Schilling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Schraeder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathryne Auerback

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marissa Blackmore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aric Burch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Imediegwu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phil Konrath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tricia Wilkinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Wingard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee

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

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
21 August 2023
IRS schema version
2022v5.0
Source object
202312379349300736

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

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