Overview
What is Wisconsin Association Of School Business Officials Foundation Inc?
The Wisconsin Association of School Business Officials Foundation Inc is a nonprofit organization headquartered in Madison, Wisconsin. Their primary focus is to provide professional development opportunities for members of the Wisconsin Association of School Business Officials, such as conferences, seminars, and workshops. Additionally, the foundation offers scholarships to graduating high school students from Wisconsin school districts. Established to promote educational, scientific research, and charitable activities, the foundation conducts business meetings and workshops to achieve its objectives. In essence, the Wisconsin Association of School Business Officials Foundation Inc serves to support and advance the educational and charitable purposes of its affiliated organization.
Official website here: www.wasbo.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
The Wisconsin Association of School Business Officials Foundation Inc has received an 81% rating from Charity Navigator, indicating a commendable level of accountability and finance management. The score is derived from a single beacon focused entirely on financial practices, highlighting the organization's strong emphasis on transparency and responsible fiscal oversight for the fiscal year 2023.
Key strengths include a fully independent board, with all 13 members free from any conflicts, reflecting a robust governance structure. The foundation also demonstrates excellent financial health, as evidenced by a high program expense ratio of 97.11%, which indicates that the vast majority of its funds are directed towards its mission-related programs. Additionally, the organization has comprehensive policies in place regarding conflict of interest, whistleblower protections, and document retention, which further enhance its accountability.
However, the foundation has a lower score for its liabilities to assets ratio, standing at 70.48%, which suggests potential financial risks that could affect its long-term sustainability. Overall, while the Wisconsin Association of School Business Officials Foundation Inc exhibits solid governance and financial responsibility, stakeholders may want to consider its liabilities when evaluating its overall financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Wisconsin Association Of School Business Officials Foundation Inc legitimate?
Wisconsin Association Of School Business Officials Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wisconsin Association Of School Business Officials 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.wasbo.com
What is the mission statement of Wisconsin Association Of School Business Officials Foundation Inc?
The Wisconsin Association of School Business Officials Foundation Inc was established with a mission to support the educational and charitable purposes of its parent organization, the Wisconsin Association of School Business Officials. The foundation achieves this by conducting educational and scientific research activities, promoting seminars, workshops, and professional development opportunities for its members. Additionally, it offers scholarships to graduating high school students from Wisconsin school districts. The primary goal of the foundation is to contribute to the advancement of educational and research-related activities in the field of school business administration.
Official website here: www.wasbo.com
Who is the CEO of Wisconsin Association Of School Business Officials Foundation Inc?
Mike Barry is the Executive Di of Wisconsin Association Of School Business Officials Foundation Inc.
Official website here: www.wasbo.com
What is the revenue of Wisconsin Association Of School Business Officials Foundation Inc?
Wisconsin Association Of School Business Officials Foundation Inc's revenue in 2022 was $1,285,532.
Official website here: www.wasbo.com
Who are the executives of Wisconsin Association Of School Business Officials Foundation Inc and what are their salaries?
There 125 volunteers at Wisconsin Association Of School Business Officials Foundation Inc.
Here are 15 key members and their salaries:
- Compensation: $137,438
- Related: $45,812
- Other: $27,600
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Official website here: www.wasbo.com
Where can I find the form 990 for Wisconsin Association Of School Business Officials Foundation Inc?
Wisconsin Association Of School Business Officials Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wasbo.com
Learn more at the official website: www.wasbo.com
Mission Statement of Wisconsin Association Of School Business Officials Foundation Inc
Wisconsin Association of School Business Officials Foundation Inc was established with a mission to assist in the educational and charitable purposes of the Wisconsin Association of School Business Officials, Inc. This foundation primarily conducts business meetings, seminars, and workshops to promote educational, scientific research, and charitable activities. Their main objective is to enhance the professional development of its members from the Wisconsin Association of School Business Officials, Inc. Additionally, the foundation offers scholarships for graduating high school students from Wisconsin school districts. By providing these opportunities, the Wisconsin Association of School Business Officials Foundation Inc aims to support and advance the educational and charitable goals of its parent organization.
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Impact
July, 2024
The Wisconsin Association of School Business Officials Foundation Inc's impact is significant in promoting educational and scientific research activities. By conducting business meetings, seminars, and workshops, the foundation not only supports professional development opportunities for WASBO members but also provides scholarships for graduating high school students from Wisconsin school districts. Through these initiatives, the foundation plays a crucial role in advancing education, fostering research, and supporting charitable endeavors within the educational sector.
This information is meant to be a general summary of Wisconsin Association Of School Business Officials 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $164
- Program Service Revenue: $1,245,056
- Gross Receipts: $1,309,016
Assets and Liabilities:
- Total Assets: $556,526
- Total Liabilities: $366,656
- Net Assets: $189,870
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCE INCOME
Revenue
$1,219,437
ASBO INCOME
Revenue
$13,671
OPERATIONS INCOME
Revenue
$6,218
CERTIFICATION INCOME
Revenue
$5,730
Organization Details
Founding Year
1947
Phone
(608) 249-8588Principal Officer
Mike Barry
Main Address
4797 HAYES ROAD SUITE 202, MADISON, WI, 53704
Website
www.wasbo.comNTEE Category
Code: B03 - Education
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