Wise Penny INC: Nonprofit Profile, Financials & Form 990 (EIN 20-1507052)

Revenue by fiscal year
FY2020	$180K
FY2021	$265K
FY2022	$281K
FY2023	$309K
FY2024	$325K
FY2025	$348K

Expenses by fiscal year
FY2020	$201K
FY2021	$269K
FY2022	$290K
FY2023	$315K
FY2024	$343K
FY2025	$353K

Net assets by fiscal year
FY2020	$452K
FY2021	$448K
FY2022	$439K
FY2023	$432K
FY2024	$414K
FY2025	$409K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

85%

15%

Program services 85% · $299K Management & general 15% · $55K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation

Richard Brey

Board Member

$0Pt VII · Sec A

Matt Manthe

Board Member

$0Pt VII · Sec A

Robert Barthels

Board Member

$0Pt VII · Sec A

Kathie Nelson

Board Member

$0Pt VII · Sec A

Jack Meisner

Board Member

$0Pt VII · Sec A

Jerry Haupt

President

$0Pt VII · Sec A

Carol Kasten

Secretary

$0Pt VII · Sec A

Paul Seeger

Vice President

$0Pt VII · Sec A

See Wise Penny INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Wise Penny INC is a human services nonprofit based in Manitowoc, WI.

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Provided by the organization

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2 programs · $299K · in their own filed words · FY2025

01

Grant to Manitowoc Lutheran High for General Fund.

$274Kprogram expense

02

Grant to Manitowoc Lutheran High for Tuition Costs.

$24Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 6 grants · $1.5M · 2020–2025

Manitowoc Lutheran High SchoolWI · FY2025$298,550

Manitowoc Lutheran High SchoolWI · FY2024$299,535

Manitowoc Lutheran High SchoolWI · FY2023$262,900

Manitowoc Lutheran High SchoolWI · FY2022$242,000

Manitowoc Lutheran High SchoolWI · FY2021$229,810

Manitowoc Lutheran High SchoolWI · FY2020$160,423

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$348K

Ln 12

Other incomeLn 4–11$338K

Gifts and grantsLn 1h$9K

Investment incomeLn 3$853

Money outPt IX

$353K

Ln 25

Programscol B$299K

Managementcol C$55K

Owns and owesPt X

$409K

net assets · Ln 32

Cash and savingsLn 1–2$22K

Total assetsLn 16$409K

LiabilitiesLn 26$0

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$9K

Investment incomeLn 3$853

Other incomeLn 4–11$338K

Total revenueLn 12$348K

Assets in detailPt X, end of year

CashLn 1$10K

SavingsLn 2$12K

Cash and savings togetherLn 1–2$22K

Land, buildings, equipmentLn 10c$387K

Total assetsLn 16$409K

LiabilitiesLn 26$0

Net assetsLn 32$409K

OperationsPt I, VI

EmployeesI 50

VolunteersI 6100

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$21K	$22K
Land, buildings, equipmentLn 10c	$393K	$387K
Total assetsLn 16	$414K	$409K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$414K	$409K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$299K	$299K
Advertising and promotionLn 12	$209		$209
Office expensesLn 13	$611		$611
OccupancyLn 16	$22K		$22K
Conferences, conventions and meetingsLn 19	$2K		$2K
Depreciation, depletion and amortizationLn 22	$7K		$7K
InsuranceLn 23	$1K		$1K
Other expenses (24a–d)Ln 24	$22K		$22K
All other expensesLn 24e	$50		$50
Total functional expensesLn 25	$353K	$299K	$55K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$348K	$353K	−$5K	$409K	990 PDF
FY2024	$325K	$343K	−$18K	$414K	990 PDF
FY2023	$309K	$315K	−$7K	$432K	990 PDF
FY2022	$281K	$290K	−$9K	$439K	990 PDF
FY2021	$265K	$269K	−$5K	$448K	990 PDF
FY2020	$180K	$201K	−$21K	$452K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $347,939 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $7,156$8,807

I-9 Program service revenue$0

I-10 Investment incomePrior year $1,050$853

I-11 Other revenuePrior year $316,677$338,279

I-12 Total revenuePrior year $324,883$347,939

I-13 Grants and similar amounts paidPrior year $299,535$298,550

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $43,697$54,717

I-18 Total expensesPrior year $343,232$353,267

I-19 Revenue less expensesPrior year −$18,349−$5,328

Part VI · Governance 9 of 9 board members independent, 4 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $347,939 across 6 lines filed

Lines not itemized here account for $322,974 of total revenue; see the IRS return.

VIII-1f All other contributions, gifts and grants$8,807

VIII-1h Total contributions, gifts and grants$8,807

VIII-3 Investment incomeExcluded from tax $853$853

VIII-8 Net income from fundraising events$0

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $15,305$15,305

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $339,132$347,939

Part IX · Statement of functional expenses $353,267 across 9 lines filed

IX-1 Grants to domestic organizationsPrograms $298,550$298,550

IX-12 Advertising and promotionManagement $209$209

IX-13 Office expensesManagement $611$611

IX-16 OccupancyManagement $21,742$21,742

IX-19 Conferences, conventions and meetingsManagement $1,740$1,740

IX-22 Depreciation, depletion and amortizationManagement $7,167$7,167

IX-23 InsuranceManagement $1,315$1,315

IX-24 Other expenses (24a–d)Management $21,883$21,883

IX-24e All other expensesManagement $50$50

IX-25 Total functional expensesPrograms $298,550 · Management $54,717 · Fundraising $0$353,267

Part X · Balance sheet $408,546 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $10,026$10,011

X-2 Savings and temporary cash investmentsStart of year $10,605$11,564

X-10c Land, buildings and equipment, netStart of year $393,138$386,971

X-16 Total assetsStart of year $413,769$408,546

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $413,769$408,546

X-33 Total liabilities and net assetsStart of year $413,769$408,546

Part XI · Reconciliation of net assets $408,546 net assets at year end

XI-1 Total revenue$347,939

XI-2 Total expenses$353,267

XI-3 Revenue less expenses−$5,328

XI-4 Net assets at start of year$413,769

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$408,546

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Wise Penny INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Wise Penny INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV