Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $100,000

• 1e · Government grants (contributions)

  $10,063

• 1f · All other contributions, gifts and grants

  $2,099,853

• 1g · Noncash contributions included above

  $427,240

• 3 · Investment income

  total $156,134 · excluded $156,134

• 7a · Gross sales of assets other than inventory

  securities $100,096

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

  securities $102,608

• 7c · Gain or loss

  securities -$2,512

• 7d · Net gain or loss

  total -$2,512 · excluded -$2,512

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $701,537 · program services $701,537

• 11a · Fees: management

  total $300,664 · program services $209,599 · management and general $59,805 · fundraising $31,260

• 11b · Fees: legal

  total $1,783 · management and general $1,783

• 11c · Fees: accounting

  total $6,796 · management and general $6,796

• 11f · Fees: investment management

  total $21,296 · management and general $21,296

• 11g · Fees: other

  total $2,012 · program services $1,779 · management and general $233

• 12 · Advertising and promotion

  total $2,925 · program services $569 · management and general $869 · fundraising $1,487

• 13 · Office expenses

  total $7,647 · program services $3,351 · management and general $3,845 · fundraising $451

• 14 · Information technology

  total $4,204 · program services $901 · management and general $219 · fundraising $3,084

• 17 · Travel

  total $8,799 · program services $7,299 · management and general $899 · fundraising $601

• 19 · Conferences, conventions and meetings

  total $2,156 · program services $330 · management and general $1,826

• 22 · Depreciation, depletion and amortization

  total $110 · program services $78 · management and general $19 · fundraising $13

• 23 · Insurance

  total $1,502 · program services $1,065 · management and general $266 · fundraising $171

• 24a · Other expenses: PROGRAM SUPPORT

  total $57,092 · program services $56,492 · management and general $600

• 24b · Other expenses: BAD DEBT EXPENSE

  total $9,983 · management and general $9,983

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $429 · management and general $429

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $468,849 · end of year $8,437

• 2 · Savings and temporary cash investments

  beginning of year $1,004 · end of year $569,103

• 3 · Pledges and grants receivable

  beginning of year $254,468 · end of year $282,275

• 4 · Accounts receivable

  beginning of year $0 · end of year $126

• 9 · Prepaid expenses and deferred charges

  beginning of year $353 · end of year $4,809

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

  $550

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

  $165

• 10c · Land, buildings and equipment, net

  beginning of year $495 · end of year $385

• 11 · Investments: publicly traded securities

  beginning of year $5,125,338 · end of year $6,908,863

• 12 · Investments: other securities

  beginning of year $0 · end of year $27,336

• 17 · Accounts payable and accrued expenses

  beginning of year $9,447 · end of year $14,677

• 18 · Grants payable

  beginning of year $88,333 · end of year $118,000

• 27 · Net assets without donor restrictions

  beginning of year $3,915,206 · end of year $4,566,607

• 28 · Net assets with donor restrictions

  beginning of year $1,837,521 · end of year $3,102,050

The filer's explanations (Part III)

PART I, LINE 3

WHEN THE CURRENT PRESIDENT WAS HIRED IN 2008, WISCONSIN AUTOMOBILE AND TRUCK DEALERS ASSOCIATION, INC., A RELATED ORGANIZATION, UTILIZED A TASK FORCE CONSISTING OF WATDA MEMBERS AND HIRED A SEARCH FIRM TO IDENTIFY AND SELECT A CANDIDATE. A MULTI-YEAR CONTRACT WAS THEN NEGOTIATED BETWEEN THE CANDIDATE AND WATDA.