Overview
What is The Foundation Of The Wisconsin Automobile & Truck Dealers Association?
The Foundation of the Wisconsin Automobile & Truck Dealers Association is a nonprofit organization situated in Madison, Wisconsin. Its primary focus is on providing educational scholarships to students pursuing careers in the automotive and transportation industries. The foundation accepts applications and evaluates candidates based on their career potential and abilities. Successful applicants receive scholarships, ranging from one to two years, and are given a donated automotive tool set, if they attend Wisconsin Technical Colleges. The foundation also engages in activities related to vehicles in society, promoting free enterprise, ensuring a high-skilled transportation workforce in Wisconsin through its educational initiatives.
Official website here: www.watda.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
The Foundation of the Wisconsin Automobile & Truck Dealers Association has achieved a high rating of 90%, indicating strong performance in accountability and finance. The charity boasts a completely independent board and an excellent financial oversight structure, with no material diversion of assets reported. Its program expense ratio is commendable at 84.37%, suggesting that a significant portion of its funds is directed towards its mission.
Despite these strengths, there are some areas for improvement, particularly regarding governance policies. The foundation lacks a whistleblower policy and a document retention and destruction policy, which are important for transparency and accountability. Additionally, the absence of documentation regarding the distribution of tax forms to the board before filing may raise concerns about governance practices.
Overall, the charity demonstrates solid financial health and operational efficiency, with low fundraising costs and appropriate liability management. However, addressing the noted governance gaps could further enhance its credibility and ensure robust oversight in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is The Foundation Of The Wisconsin Automobile & Truck Dealers Association legitimate?
The Foundation Of The Wisconsin Automobile & Truck Dealers Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation Of The Wisconsin Automobile & Truck Dealers Association 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.watda.org/foundation
What is the mission statement of The Foundation Of The Wisconsin Automobile & Truck Dealers Association?
The Foundation of the Wisconsin Automobile & Truck Dealers Association aims to carry out educational, safety, and research activities related to motor vehicles in society, promoting free enterprise. Its mission is to support educational initiatives that foster a highly skilled workforce in the transportation sector in Wisconsin. This is achieved through scholarship programs, where students pursuing careers in the automotive and transportation industries are awarded scholarships based on their individual abilities and potential. The scholarship process provides an opportunity for applicants to showcase their skills, and one- or two-year scholarships, along with donated automotive tool sets, are awarded to students attending Wisconsin Technical Colleges.
Official website here: www.watda.org/foundation
Who is the CEO of The Foundation Of The Wisconsin Automobile & Truck Dealers Association?
William Sepic is the Chair of The Foundation Of The Wisconsin Automobile & Truck Dealers Association.
Official website here: www.watda.org/foundation
What is the revenue of The Foundation Of The Wisconsin Automobile & Truck Dealers Association?
The Foundation Of The Wisconsin Automobile & Truck Dealers Association's revenue in 2022 was $1,332,881.
Official website here: www.watda.org/foundation
Who are the executives of The Foundation Of The Wisconsin Automobile & Truck Dealers Association and what are their salaries?
There 50 volunteers at The Foundation Of The Wisconsin Automobile & Truck Dealers Association.
Here are 19 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $115,863
- Other: $20,414
- Compensation: $0
- Related: $292,261
- Other: $75,589
- Compensation: $0
- Related: $146,852
- Other: $13,526
Official website here: www.watda.org/foundation
Where can I find the form 990 for The Foundation Of The Wisconsin Automobile & Truck Dealers Association?
The Foundation Of The Wisconsin Automobile & Truck Dealers Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.watda.org/foundation
Learn more at the official website: www.watda.org/foundation
Mission Statement of The Foundation Of The Wisconsin Automobile & Truck Dealers Association
The Foundation of the Wisconsin Automobile & Truck Dealers Association is dedicated to carrying out a variety of educational, scholarship, safety, and research activities related to motor vehicles and society, all in support of free enterprise. The organization's primary goal is to foster educational initiatives that ensure Wisconsin maintains a highly skilled workforce in the automotive and transportation industries.
To achieve this goal, the foundation provides scholarships to students pursuing careers in these fields. These scholarships are awarded based on each applicant's individual career abilities and potential to become a future technician. The scholarship process offers a unique opportunity for candidates to showcase their talents and prospects. In addition to financial aid, successful applicants are also presented with donated automotive tool sets, further equipping them for their studies at Wisconsin Technical Colleges. The foundation's commitment to providing educational opportunities and resources is a significant step towards cultivating a skilled workforce in the automotive and transportation industries in Wisconsin.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Foundation Of the Wisconsin Automobile & Truck Dealers Association has a significant impact on the automotive and transportation industries in Wisconsin. By conducting scholarship, educational, safety, and research activities, the Foundation plays a crucial role in furthering free enterprise and supporting the development of a highly skilled transportation workforce in the state. Through providing education scholarships to students pursuing careers in these industries, the Foundation not only supports individual students in their career paths but also contributes to the overall growth and advancement of the automotive and transportation sectors.
This information is meant to be a general summary of The Foundation Of The Wisconsin Automobile & Truck Dealers Association. 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 2022.
- Investment Income: $113,218
- Gross Receipts: $2,133,611
Assets and Liabilities:
- Total Assets: $5,850,507
- Total Liabilities: $97,780
- Net Assets: $5,752,727
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1992
Phone
(608) 251-5577Principal Officer
William Sepic
Main Address
150 E GILMAN A100, MADISON, WI, 537031499
Website
www.watda.org/foundationNTEE Category
Code: B820 - Education
If you are a representative of The Foundation Of The Wisconsin Automobile & Truck Dealers Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.