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Wisconsin Credit Union Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 260819612 ✦ Madison, WI ✦ Designated as a 501(c)(3)

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Overview

What is Wisconsin Credit Union Foundation Inc?

Wisconsin Credit Union Foundation Inc is a charitable organization based in Madison, Wisconsin, with a focus on supporting Wisconsin's credit unions. Their resources aim to foster credit union development, educate staff and volunteers, enhance financial literacy, and provide assistance during challenging times for the credit union system. Recently, they granted $70,180 to eight credit unions in need, assisting with technology and operational expenses and upgrades. This aid will significantly aid these credit unions in serving their members better.


Official website here: www.theleague.coop/foundation

Is Wisconsin Credit Union Foundation Inc legitimate?

Wisconsin Credit Union Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wisconsin Credit Union Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.theleague.coop/foundation

What is the mission statement of Wisconsin Credit Union Foundation Inc?

The Wisconsin Credit Union Foundation Inc's mission is centered around promoting the development of credit unions. They achieve this by providing resources, educating credit union staff and volunteers, supporting financial literacy programs, and aiding the credit union system during challenging times. The foundation's activities also include granting funds to credit unions in need, specifically for technology and operational expenses, to enhance their services for members.


Official website here: www.theleague.coop/foundation

Who is the CEO of Wisconsin Credit Union Foundation Inc?

Brett Thompson is the Chair of Wisconsin Credit Union Foundation Inc.


Official website here: www.theleague.coop/foundation

What is the revenue of Wisconsin Credit Union Foundation Inc?

Wisconsin Credit Union Foundation Inc's revenue in 2022 was $210,253.


Official website here: www.theleague.coop/foundation

Who are the executives of Wisconsin Credit Union Foundation Inc and what are their salaries?

There 20 volunteers at Wisconsin Credit Union Foundation Inc.


Here are 7 key members and their salaries:


Kevin Hauser (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Felton (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lora Benrud (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Thompson (Director)
  • Compensation: $0
  • Related: $927,708
  • Other: $41,387
Lisa Palma (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brandon Riechers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Sponem (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.theleague.coop/foundation

Where can I find the form 990 for Wisconsin Credit Union Foundation Inc?

Wisconsin Credit Union Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.theleague.coop/foundation

Learn more at the official website: www.theleague.coop/foundation

Mission Statement of Wisconsin Credit Union Foundation Inc

Wisconsin Credit Union Foundation Inc is dedicated to promoting the development of credit unions, educating their staff and volunteers, enhancing financial literacy, and offering support to the credit union system during challenging times. The organization's resources aim to contribute to the growth and success of credit unions, ensuring they can effectively serve their members. In addition to this, Wisconsin Credit Union Foundation Inc focuses on providing educational programs to equip credit union staff and volunteers with the necessary skills and knowledge. The foundation also supports initiatives that help improve financial literacy, empowering individuals to make informed financial decisions. In times of need, the foundation provides assistance to credit unions, offering financial support for technology and operational expenses, thereby enabling them to serve their members more efficiently.

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Impact




October, 2024

Wisconsin Credit Union Foundation Inc significantly impacts the financial landscape by promoting credit union development and enhancing the capabilities of credit unions throughout the state. Through its dedicated initiatives, the foundation awarded $70,180 in grants to eight Wisconsin credit unions, assisting them with technology and operational upgrades. These enhancements enable the credit unions to serve their members more effectively.

By educating credit union staff and volunteers, the foundation ensures that these institutions are equipped with the knowledge and skills necessary to meet the diverse needs of their communities. Furthermore, the foundation supports programs aimed at improving financial literacy, empowering individuals and families to make informed financial decisions. In times of need, it provides critical assistance to the credit union system, helping maintain stability and resilience in the financial services sector. Overall, the foundation's efforts contribute to a stronger, more educated, and financially secure community.




This information is meant to be a general summary of Wisconsin Credit Union Foundation 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.

Revenue
$210,253 (2022)
Expenses
$176,882 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,608
  • Program Service Revenue: $19,691
  • Gross Receipts: $277,066

Assets and Liabilities:

  • Total Assets: $828,770
  • Total Liabilities: $39,315
  • Net Assets: $789,455

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FINANCIAL LITERACY REG

Revenue

$9,525

EXPLORING WHY WORKSHOP

Revenue

$5,166

BITE OF REALITY

Revenue

$5,000

Organization Details

Founding Year

2007

Principal Officer

Brett Thompson

Main Address

1 E MAIN ST 101, MADISON, WI, 537035109

NTEE Category

Code: B82 - Education

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