Overview
What is Wispact Inc?
Wispact Inc, situated in Madison, Wisconsin, is a dedicated nonprofit organization that focuses on providing essential services for individuals with disabilities. Their primary role involves managing and overseeing pooled and community trusts, ensuring the well-being of people with disabilities across Wisconsin. By doing so, Wispact Inc aims to expand choices and opportunities for these individuals. The organization's team of beneficiary specialists processes disbursement requests from trust accounts for beneficiaries, while trust advisors facilitate the setup of new trust accounts. Wispact Inc operates with a workforce of 21 dedicated individuals, committed to enhancing the lives of those with disabilities in Wisconsin.
Official website here: www.wispact.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Wispact Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is entirely derived from its accountability metrics, showcasing a commitment to transparency and responsible financial management. Key strengths include maintaining a fully independent board and adhering to comprehensive policies regarding conflicts of interest and whistleblower protections.
The organization demonstrates fiscal responsibility with a high program expense ratio of 87.46%, indicating that a significant portion of its funds goes directly towards its programs and services. Furthermore, it has completed thorough audits and maintains stringent oversight, as evidenced by its perfect score in the audit and oversight committee category. The charity's financial health is also solid, with a low liabilities to assets ratio of 3.71%.
While the data reflects robust governance and financial practices, continuous monitoring of performance and transparency will be crucial for Wispact Inc to maintain trust with its stakeholders. Overall, the organization stands out for its accountability and dedication to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Wispact Inc legitimate?
Wispact Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wispact Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $211,196
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,275,973
For more financial information, click here
Official website here: www.wispact.org
What is the mission statement of Wispact Inc?
Wispact Inc's mission is centered around enhancing the well-being of individuals with disabilities of all ages, residing in Wisconsin. They achieve this goal by managing and supervising community and pooled trusts. The organization promotes more choices and opportunities for these individuals by overseeing special needs trusts. Wispact Inc provides various services to both beneficiaries and those who create these trusts for disabled individuals. These services include offering information, referrals, advocacy, and oversight. Beneficiary specialists process disbursement requests from beneficiaries' trust accounts, while trust advisors facilitate the setup of new trust accounts.
Official website here: www.wispact.org
What is the revenue of Wispact Inc?
Wispact Inc's revenue in 2023 was $9,102,679.
Official website here: www.wispact.org
Who are the executives of Wispact Inc and what are their salaries?
The average compensation at Wispact Inc during 2023 was $78,272. There are 19 employees and 20 volunteers at Wispact Inc.
Here are 17 key members and their salaries:
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- Compensation: $177,682
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- Other: $33,514
Official website here: www.wispact.org
Where can I find the form 990 for Wispact Inc?
Wispact Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wispact.org
Learn more at the official website: www.wispact.org
Mission Statement of Wispact Inc
Wispact Inc, a nonprofit organization, is committed to enhancing the well-being of individuals with disabilities across Wisconsin. They achieve this mission by managing and supervising pooled and community trusts for disabled individuals and for charitable purposes. Wispact's primary goal is to promote more choices and opportunities for people with disabilities, allowing them to live more fulfilling lives.
To accomplish this, Wispact provides a range of services to both beneficiaries and creators of special needs trust accounts. Their beneficiary specialists offer information, referral, advocacy, and oversight to individuals who benefit from these trusts. They also process disbursement requests for beneficiaries from their trust accounts. Furthermore, Wispact's trust advisors facilitate the setup of new trust accounts, ensuring that disabled persons have access to the financial support they need.
In essence, Wispact Inc is dedicated to supporting individuals with disabilities by managing their trusts and providing essential services. Their mission is to empower these individuals, allowing them to make choices that enhance their quality of life and provide them with opportunities for growth and development.
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Impact
July, 2024
Wispact Inc's impact is felt through its dedicated management and supervision of pooled and community trusts for persons with disabilities. By providing essential services such as information, referral, advocacy, and oversight to individuals creating or benefiting from special needs trust accounts, Wispact ensures that disabled individuals have access to the necessary resources and support for their well-being. Through their mission to enhance the lives of people with disabilities in Wisconsin, Wispact promotes choice and opportunities for individuals of all ages, contributing positively to the community's human services sector.
This information is meant to be a general summary of Wispact Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $305,131
- Program Service Revenue: $8,880,407
- Gross Receipts: $15,280,488
Assets and Liabilities:
- Total Assets: $18,413,551
- Total Liabilities: $684,889
- Net Assets: $17,728,662
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRUST PROCEEDS UPON TERMINATION
Revenue
$6,534,284
SERVICE FEES
Revenue
$2,152,323
SET UP FEES
Revenue
$193,800
Organization Details
Founding Year
2002
Principal Officer
Kevin Hayde
Website
www.wispact.orgNTEE Category
Code: P80 - Human services
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