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Wise Penny INC FY2021 filing

Tax-deductible

Manitowoc, WI501(c)(3)Human ServicesEIN 20-1507052Revenue $265K in FY2021

On file with the IRS4341 Enterprise CT, 54220-5849 · Manitowoc, WITax-exempt since Apr 2005Publicly supported — 509(a)(2)

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501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $11K a year · 4% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$265K
+47% vs prior year
Spent
$269K
To programs
85%
Net assets
$448K
By yearFY2020–FY2025
Revenue
$265K
FY2021▲ +47%
Tap a bar for its year
Revenue by fiscal year
FY2020$180K
FY2021$265K
FY2022$281K
FY2023$309K
FY2024$325K
FY2025$348K
Expenses
$269K
FY2021▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2020$201K
FY2021$269K
FY2022$290K
FY2023$315K
FY2024$343K
FY2025$353K
Net assets
$448K
FY2021▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$452K
FY2021$448K
FY2022$439K
FY2023$432K
FY2024$414K
FY2025$409K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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.

Program services 85% · $230K Management & general 15% · $39K

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
Rich Brey
Board Member
$0Pt VII · Sec A
Roger Hoida
Board Member
$0Pt VII · Sec A
Lorie Rasmussen
Board Member
$0Pt VII · Sec A
Paul Seeger
Board Member
$0Pt VII · Sec A
Kathie Nelson
Board Member
$0Pt VII · Sec A
Jack Meisner
Board Member
$0Pt VII · Sec A
Reiny Bruss
Treasurer
$0Pt VII · Sec A
Jerry Haupt
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 · $230K · in their own filed words · FY2021
01

Grant to manitowoc lutheran high school for the general fund.

$217Kprogram expense
02

Grant to manitowoc lutheran high school for tuition costs.

$13Kprogram 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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$265K
Ln 12
Other incomeLn 4–11$257K
Gifts and grantsLn 1h$8K
Investment incomeLn 3$26
Money outPt IX
$269K
Ln 25
Programscol B$230K
Managementcol C$39K
Owns and owesPt X
$448K
net assets · Ln 32
Cash and savingsLn 1–2$32K
Total assetsLn 16$448K
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$8K
Investment incomeLn 3$26
Other incomeLn 4–11$257K
Total revenueLn 12$265K
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$21K
Cash and savings togetherLn 1–2$32K
Land, buildings, equipmentLn 10c$416K
Total assetsLn 16$448K
LiabilitiesLn 26$0
Net assetsLn 32$448K
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
LineStart FY21End FY21
Cash and savingsLn 1–2$29K$32K
Land, buildings, equipmentLn 10c$424K$416K
Total assetsLn 16$452K$448K
LiabilitiesLn 26$0$0
Net assetsLn 32$452K$448K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$230K$230K
Accounting feesLn 11c$535$535
Advertising and promotionLn 12$150$150
Office expensesLn 13$713$713
OccupancyLn 16$9K$9K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$16K$16K
All other expensesLn 24e$311$311
Total functional expensesLn 25$269K$230K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $265K$269K−$5K$448K 990 PDF
FY2020 $180K$201K−$21K$452K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $264,505 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,684$7,669
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $47$26
I-11 Other revenuePrior year $174,209$256,810
I-12 Total revenuePrior year $179,940$264,505
I-13 Grants and similar amounts paidPrior year $160,423$229,810
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $40,543$39,394
I-18 Total expensesPrior year $200,966$269,204
I-19 Revenue less expensesPrior year −$21,026−$4,699
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 $264,505 across 5 lines filed
Lines not itemized here account for $251,814 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$7,669
VIII-1h Total contributions, gifts and grants$7,669
VIII-3 Investment incomeExcluded from tax $26$26
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,996$4,996
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $256,836$264,505
Part IX · Statement of functional expenses $269,204 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $229,810$229,810
IX-11c Accounting feesManagement $535$535
IX-12 Advertising and promotionManagement $150$150
IX-13 Office expensesManagement $713$713
IX-16 OccupancyManagement $9,253$9,253
IX-22 Depreciation, depletion and amortizationManagement $7,863$7,863
IX-23 InsuranceManagement $4,148$4,148
IX-24 Other expenses (24a–d)Management $16,421$16,421
IX-24e All other expensesManagement $311$311
IX-25 Total functional expensesPrograms $229,810 · Management $39,394 · Fundraising $0$269,204
Part X · Balance sheet $447,772 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $7,956$11,094
X-2 Savings and temporary cash investmentsStart of year $20,660$20,686
X-10c Land, buildings and equipment, netStart of year $423,855$415,992
X-16 Total assetsStart of year $452,471$447,772
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $452,471$447,772
X-33 Total liabilities and net assetsStart of year $452,471$447,772
Part XI · Reconciliation of net assets $447,772 net assets at year end
XI-1 Total revenue$264,505
XI-2 Total expenses$269,204
XI-3 Revenue less expenses−$4,699
XI-4 Net assets at start of year$452,471
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$447,772

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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