Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $37,340

• 2a · Program service revenue: MEMBERSHIP DUES

  total $788,900 · related or exempt $788,900

• 2b · Program service revenue: NADA REBATE AND COMMISSIONS

  total $79,079 · related or exempt $79,079

• 2c · Program service revenue: SEMINARS

  total $72,165 · related or exempt $72,165

• 3 · Investment income

  total $623,461 · excluded $623,461

• 5 · Royalties

  total $1,582,247 · excluded $1,582,247

• 7a · Gross sales of assets other than inventory

  securities $773,000 · other assets $14,500

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

  securities $776,866 · other assets $13,533

• 7c · Gain or loss

  securities -$3,866 · other assets $967

• 7d · Net gain or loss

  total -$2,899 · excluded -$2,899

• 10a · Gross sales of inventory

  $150,126

• 10b · Cost of goods sold

  $120,101

• 10c · Net income from sales of inventory

  total $30,025 · related or exempt $30,025

• 11a · Other revenue: ADVERTISING

  total $44,440 · unrelated business $44,440

• 11d · All other revenue

  total $107,546 · excluded $107,546

• 11e · Other revenue, total

  $151,986

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $100,000

• 5 · Compensation of officers, directors and key employees

  total $616,255

• 7 · Other salaries and wages

  total $319,458

• 8 · Pension plan contributions

  total $20,963

• 9 · Other employee benefits

  total $36,789

• 10 · Payroll taxes

  total $51,640

• 11b · Fees: legal

  total $287,844

• 11c · Fees: accounting

  total $13,422

• 11d · Fees: lobbying

  total $150,000

• 11f · Fees: investment management

  total $50,169

• 11g · Fees: other

  total $24,403

• 12 · Advertising and promotion

  total $6,377

• 13 · Office expenses

  total $53,758

• 14 · Information technology

  total $81,141

• 16 · Occupancy

  total $193,381

• 17 · Travel

  total $64,050

• 19 · Conferences, conventions and meetings

  total $66,998

• 20 · Interest

  total $2,340

• 22 · Depreciation, depletion and amortization

  total $60,560

• 23 · Insurance

  total $9,975

• 24a · Other expenses: DUES AND SUBSCRIPTIONS

  total $18,929

• 24b · Other expenses: INCOME TAX

  total $1,440

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $109,931 · end of year $28,748

• 2 · Savings and temporary cash investments

  beginning of year $1,497,202 · end of year $1,270,586

• 4 · Accounts receivable

  beginning of year $290,795 · end of year $363,798

• 9 · Prepaid expenses and deferred charges

  beginning of year $72,672 · end of year $96,203

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

  $603,423

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

  $370,024

• 10c · Land, buildings and equipment, net

  beginning of year $249,511 · end of year $233,399

• 11 · Investments: publicly traded securities

  beginning of year $13,092,304 · end of year $14,753,817

• 12 · Investments: other securities

  beginning of year $745,065 · end of year $1,929,880

• 15 · Other assets

  beginning of year $1,227,111 · end of year $1,068,703

• 17 · Accounts payable and accrued expenses

  beginning of year $101,912 · end of year $83,586

• 19 · Deferred revenue

  beginning of year $401,134 · end of year $393,458

• 25 · Other liabilities

  beginning of year $1,620,430 · end of year $1,597,511

• 27 · Net assets without donor restrictions

  beginning of year $14,424,992 · end of year $16,897,116

• 28 · Net assets with donor restrictions

  beginning of year $736,123 · end of year $773,463

The filer's explanations (Part III)

PART I, LINE 1A

THE ASSOCIATION PROVIDES ITS PRESIDENT, WILLIAM SEPIC, A MEMBERSHIP TO THE MADISON CLUB. THE MEMBERSHIP IS USED SOLELY FOR BUSINESS PURPOSES. THE ASSOCIATION RECEIVED APPROVAL FROM THE EXECUTIVE COMMITTEE AND PAID FOR FIRST-CLASS TRAVEL ON LONG FLIGHTS FOR WILLIAM SEPIC. THE ASSOCIATION PAID FOR TRAVEL FOR WILLIAM SEPIC'S SPOUSE AND THE VALUE PAID FOR THE TICKET IS INCLUDED ON WILLIAM SEPIC'S W-2 AS A TAXABLE BENEFIT.

PART I, LINE 1B

THE ASSOCIATION DOES NOT HAVE A SPECIFIC WRITTEN POLICY FOR THE MADISON CLUB MEMBERSHIP DUES. HOWEVER, IN PRACTICE THE PRESIDENT PROVIDES AN INVOICE FOR THE DUES TO THE ASSOCIATION AND THE ASSOCIATION PAYS THE MADISON CLUB DIRECTLY.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• WATDA SERVICES INC

  C · BUSINESS SERVICES · WI · 100% owned · share of income $1,545,655 · share of assets $805,331 · controlled entity

  Directly controlled by WISCONSIN AUTOMOBILE AND TRUCK DEALERS ASSOCIATION INC