WISCONSIN TRUST ACCOUNT FOUNDATION INC

EIN: 391555465 501(c)(3) Crime & Legal

MADISON, WI

Total Revenue
$11,121,008
Total Expenses
$9,537,130
Total Assets
$9,227,968
Net Assets
$6,871,976
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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
WI
Principal Officer
TIM SEIDEL
Phone
6082576845
Tax Period
2024-01-01 to 2024-12-31

WISCONSIN TRUST ACCOUNT FOUNDATION INC, founded in 1986, is a mid-sized nonprofit in the Crime & Legal sector that reported $11.1M in total revenue in fiscal year 2024. Expenses of $9.5M left a modest 14% surplus.

Mission

THE WISCONSIN TRUST ACCOUNT FOUNDATION WORKS WITH CIVIL LEGAL AID ORGANIZATIONS IN WISCONSIN TO INCREASE ACCESS TO JUSTICE. WE OVERSEE FUNDS AND INVEST IN SERVICES AND PROJECTS TO HELP PEOPLE RESOLVE LEGAL PROBLEMS.

Program Service Accomplishments

Program 1
Expenses: $4,606,093 Revenue: $6,368,263

DIRECT LEGAL SERVICES GRANTS - THE FOUNDATION MADE "DIRECT LEGAL SERVICES/FOUNDATION" GRANT AWARDS (PILSF, PRO HAC VICE, IOLTA) TO SEVENTEEN LEGAL SERVICES AGENCIES TO ASSIST LOW-INCOME INDIVIDUALS...

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DIRECT LEGAL SERVICES GRANTS - THE FOUNDATION MADE "DIRECT LEGAL SERVICES/FOUNDATION" GRANT AWARDS (PILSF, PRO HAC VICE, IOLTA) TO SEVENTEEN LEGAL SERVICES AGENCIES TO ASSIST LOW-INCOME INDIVIDUALS AND FAMILIES WITH CIVIL LEGAL NEEDS, IN AREAS SUCH AS FAMILY, HOUSING, EMPLOYMENT, DISABILITY, AND CONSUMER LAW. NO REVENUES ARE DERIVED DIRECTLY FROM THESE ACTIVITIES. ADMINISTRATIVE COSTS TO ADMINISTER THE FOUNDATION'S GRANT PROGRAMS ARE FUNDED BY THE INTEREST ON LAWYERS TRUST ACCOUNTS (IOLTA) PROGRAM (IN ACCORDANCE WITH WISCONSIN SUPREME COURT RULES CHAPTER 13), AND PORTIONS OF OTHER REVENUE SOURCES BASED ON A WRITTEN COST ALLOCATION POLICY/CALCULATION.

Program 2
Expenses: $4,571,984 Revenue: $0

CIVIL LEGAL SERVICES (STATE/FEDERAL) - WISTAF CONTRACTED WITH WISCONSIN DEPARTMENT OF CHILDREN AND FAMILIES (DCF) AND/OR WISCONSIN DEPARTMENT OF ADMINISTRATION/WISCAP TO ADMINISTER SUBCONTRACTS WITH...

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CIVIL LEGAL SERVICES (STATE/FEDERAL) - WISTAF CONTRACTED WITH WISCONSIN DEPARTMENT OF CHILDREN AND FAMILIES (DCF) AND/OR WISCONSIN DEPARTMENT OF ADMINISTRATION/WISCAP TO ADMINISTER SUBCONTRACTS WITH CIVIL LEGAL SERVICES PROVIDERS TO: ASSIST TANF-ELIGIBLE CLIENTS WITH CIVIL LEGAL SERVICES RELATED TO DOMESTIC VIOLENCE AND/OR SEXUAL ABUSE; PROVIDE LEGAL SERVICES IN CIVIL MATTERS FOR LOW-INCOME INDIVIDUALS WHO NEED LEGAL ASSISTANCE TO RECOVER FROM THE COVID-19 PANDEMIC; PROVIDE IMMIGRATION-RELATED LEGAL ASSISTANCE FOR ELIGIBLE AFGHAN EVACUEE AND UKRAINIAN REFUGEE POPULATIONS; AND/OR PROVIDE LEGAL SERVICES TARGETED TO ELIGIBLE HOUSEHOLDS IN CIVIL MATTERS FOR THE PURPOSE OF PREVENTING HOMEOWNER MORTGAGE DELINQUENCIES AND DEFAULTS, FORECLOSURES, AND DISPLACEMENTS OF HOMEOWNERS EXPERIENCING FINANCIAL HARDSHIP RESULTING FROM COVID-19.

Program 3
Expenses: $1,370 Revenue: $0

FORECLOSURE PREVENTION/COMMUNITY REDEVELOPMENT GRANTS

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,557,663
Program Service Revenue $6,368,263
Investment Income $193,446
Other Revenue $1,636
TOTAL REVENUE $11,121,008

Expense Breakdown

Grants Paid $8,796,804
Salaries & Benefits $547,956
Fundraising Expenses $7,697
Program Expenses $9,179,447
Other Expenses $192,370
TOTAL EXPENSES $9,537,130

Year-over-Year Comparison

2024 2023 Change
Revenue $11,121,008 $10,915,116 +0.0%
Expenses $9,537,130 $9,645,334 0.0%
Net Income $1,583,878 $1,269,782 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
4
Volunteers
19

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$180,750
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HON JOANNE KLOPPENBURG CHAIRPERSON (THRU 06/24) 0.50
Officer Director
$0 $0 $0
JERRY VANG VICE CHAIRPERSON (THRU 06/24) 0.50
Officer Director
$0 $0 $0
MICHELLE KNUTSON TREASURER (THRU 06/24) 0.50
Officer Director
$0 $0 $0
TIM SEIDEL TREASURER 1.00
Officer Director
$0 $0 $0
BASIL BUCHKO DIRECTOR 1.00
Director
$0 $0 $0
GLENN DAHL DIRECTOR 1.00
Director
$0 $0 $0
HON SANDRA GIERNOTH DIRECTOR 1.00
Director
$0 $0 $0
HON RACHEL GRAHAM DIRECTOR 1.00
Director
$0 $0 $0
HON SHELLY GROGAN DIRECTOR 1.00
Director
$0 $0 $0
ROCHELLE JOHNSON-BENT DIRECTOR 1.00
Director
$0 $0 $0
JOSHUA KINDKEPPEL DIRECTOR 1.00
Director
$0 $0 $0
DEANNE KOLL DIRECTOR 1.00
Director
$0 $0 $0
DEANGELA MONIQUE LUNA DIRECTOR 1.00
Director
$0 $0 $0
ANNA MUNOZ DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY RADELET DIRECTOR (THRU 06/24) 0.50
Director
$0 $0 $0
JAMIE SCHAEFER DIRECTOR 1.00
Director
$0 $0 $0
CHUCK STERTZ DIRECTOR 1.00
Director
$0 $0 $0
ATTY APRIL TOY DIRECTOR 1.00
Director
$0 $0 $0
MITCH DIRECTOR 1.00
Director
$0 $0 $0
REBECCA MURRAY EXECUTIVE DIRECTOR 40.00
Officer
$162,970 $17,780 $180,750
JEFFREY BROWN GRANTS PROGRAM MANAGER 40.00
Highest
$101,431 $27,420 $128,851
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $11,121,008 $9,537,130 $9,227,968 $1,583,878
2023 $10,915,116 $9,645,334 $5,336,577 $1,269,782
2022 $3,801,162 $4,721,009 $3,979,939 $-919,847
2021 $2,869,103 $3,457,650 $4,833,705 $-588,547
2020 $2,893,054 $3,346,427 $5,321,870 $-453,373
2019 $3,251,142 $3,235,481 $6,001,765 $15,661
2018 $2,275,515 $3,036,630 $7,695,840 $-761,115
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