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Nonprofiteer
← WLCFS INVESTMENT CORPORATION

Form 990 for tax year 2023

Filed by WLCFS INVESTMENT CORPORATION.

Totals

Total revenue
$161,156
Total expenses
$1,184,287
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$161,156
Other revenue
$0
Total assets, end of year
$6,428,942
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,428,942
Program services expenses (Part IX)
$1,099,408
Management and general expenses
$25,091
Fundraising expenses
$59,788
Program service expenses (Part III)
$1,099,408

Program services were 92.8% 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 BUROW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BRANDON HAYES

    SENIOR CLINICAL DIRECTOR

    Total calculated
    $129,452
    From this org
    $0
    From related orgs
    $107,626
    Other
    $21,826
    Hours/week
    40

  • ASHLEY SCHOOF

    SENIOR CLINICAL DIRECTOR

    Total calculated
    $121,540
    From this org
    $0
    From related orgs
    $100,096
    Other
    $21,444
    Hours/week
    40

  • MARK KLUG

    CEO

    Total calculated
    $177,589
    From this org
    $0
    From related orgs
    $153,702
    Other
    $23,887
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $153,702 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,887 related
    Filer's total
    $0 + $177,589 related

  • MARC DEVILLERS

    DIRECTOR OF FINANCE

    Total calculated
    $128,044
    From this org
    $0
    From related orgs
    $116,822
    Other
    $11,222
    Hours/week
    40

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 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'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
2023
Filed
11 July 2024
IRS schema version
2023v5.1
Source object
202412129349300441

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

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