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Nonprofiteer
← WISCONSIN STATE TELECOMMUNICATONS FOUNDATION INC

Form 990 for tax year 2023

Filed by WISCONSIN STATE TELECOMMUNICATONS FOUNDATION INC.

Totals

Total revenue
$43,175
Total expenses
$44,659
Contributions and grants received
$43,050
Grants paid
$43,500
Program service revenue
$0
Investment income
$125
Other revenue
$0
Total assets, end of year
$133,488
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$133,488
Program services expenses (Part IX)
$44,659
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$44,659

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $43,050

  • 3 · Investment income

    total $125 · related or exempt $125

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $43,500 · program services $43,500

  • 11c · Fees: accounting

    total $1,159 · program services $1,159

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,339 · end of year $12,730

  • 2 · Savings and temporary cash investments

    beginning of year $120,633 · end of year $120,758

  • 27 · Net assets without donor restrictions

    beginning of year $134,972 · end of year $133,488

Mission and programs · 2023

Mission

AWARDING OF SCHOLARSHIPS.

  • IN 2023, A TOTAL OF 43,500 IN SCHOLARSHIPS WERE DISTRIBUTED TO 34 INDIVIDUALS.

    Expenses $44,659 · Grants $43,500

As filed on the 2023 return.

Listed in Part VII

  • William Esbeck

    TREASURER, S

    Total calculated
    $267,313
    From this org
    $0
    From related orgs
    $247,123
    Other
    $20,190
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $197,665 related
    Bonus
    not reported + $29,767 related
    Other
    not reported + $19,691 related
    Deferred
    not reported + $6,720 related
    Nontaxable benefits
    not reported + $13,470 related
    Filer's total
    not reported + $267,313 related

  • Scott Nyman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doug Wenzlaff

    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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

SCHEDULE J, PAGE 1, PART I, LINE 4
WILLIAM ESBECK 0 6,720 0
SCHEDULE J, PART III
PART I LINE 4B: WILLIAM ESBECK - RELATED ORGANIZATION ESTABLISHED A 457(F) DEFERRED COMPENSATION PLAN IN TO BENEFIT WILLIAM ESBECK. A PAYMENT OF 14,880 WAS MADE IN 2020,REPRESENTING A VESTED PORTION OF 10% OF THE ACCOUNT BALANCE. THE FUTURE VESTING SCHEDULE IS 15% OF THE ACCOUNT BALANCE AS OF 12/31/2022, 20% OF THE ACCOUNT BALANCE AS OF 12/31/2024, 25% OF THE ACCOUNT BALANCE AS OF 12/31/2026, AND 100% OF THE ACCOUNT BALANCE AS OF 12/31/2027. AS OF EMPLOYMENT TERMINATION DATE, WILLIAM FORFEITS ANY RIGHT TO ANY UNVESTED PORTION OF THE ACCOUNT.

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
15 November 2024
IRS schema version
2023v5.0
Source object
202413209349322636

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