Wisconsin Rap INC

Tax-deductible

New Berlin, WI501(c)(3)Recreation & SportsEIN 27-4301507Revenue $587K in FY2024

On file with the IRSwisrap.com2345 S Krahn Rd, 53151-2935 · New Berlin, WITax-exempt since Sep 2011Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 20 volunteers.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $26K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$64K
to officers and key staff · 11% of spending
Top officer’s pay lower than 74% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $32K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$14K
5% of total assets
Looks good: liabilities are 5% 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
$587K
+6% vs prior year
Spent
$607K
To programs
100%
Net assets
$248K
By yearFY2020–FY2024
Revenue
$587K
FY2024▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$192K
FY2021$373K
FY2022$510K
FY2023$552K
FY2024$587K
Expenses
$607K
FY2024▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$215K
FY2021$297K
FY2022$422K
FY2023$546K
FY2024$607K
Net assets
$248K
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$97K
FY2021$173K
FY2022$262K
FY2023$267K
FY2024$248K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2011.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $607K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $64K paid to officers and key staff.

Part VII, Section A · reportable compensation
Board Member
$12,000Pt VII · Sec A
President
$7,500Pt VII · Sec A
Director
$7,500Pt VII · Sec A
$7,500Pt VII · Sec A
Board Member
$7,500Pt VII · Sec A
Director
$7,400Pt VII · Sec A
Director
$7,400Pt VII · Sec A
$5,600Pt VII · Sec A

Steve Stowe’s $12K as Board Member is at the 26th percentile of top reported officer pay among 1016 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Steve Stowe$12,000$12,000$9,898$3,844
Scott Cook$7,500$7,500$6,306$11,344
Erica Cook$7,500$7,500$6,306$8,500
Anthony Mlachnik$7,500$7,500$6,306$3,912
Kelly Mlachnik$7,500———
Kara Lemmens$7,400———
Dj Mlachnik$7,400$7,400$5,806$3,422
Andrew Busalacchi$5,600$6,000$2,750$2,600

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Wisconsin Rap INC is a recreation and sports nonprofit based in New Berlin, WI.

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Provided by the organization

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1 program · $607K · in their own filed words · FY2024
01

Our mission is to develop responsible, well educated young athletes by teaching translatable life skills through the sport of basketball. 24UP focuses on providing quality coaches and premier basketball skill development to young athletes.

$607Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$32K
Grants paid · 1 grant · $20K · 2022–2022
Pat Connaughton FoundationMA · FY2022$20,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$587K
Ln 12
Fees for servicesLn 2g$579K
Investment incomeLn 3$8K
Money outPt IX
$607K
Ln 25
Programscol B$607K
Owns and owesPt X
$248K
net assets · Ln 32
Cash and savingsLn 1–2$261K
Total assetsLn 16$261K
LiabilitiesLn 26$14K
PeoplePt VI, VII
11
listed · VII A
PaidVII A10
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$579K
Investment incomeLn 3$8K
Total revenueLn 12$587K
Assets in detailPt X, end of year
CashLn 1$261K
Cash and savings togetherLn 1–2$261K
Total assetsLn 16$261K
LiabilitiesLn 26$14K
Net assetsLn 32$248K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
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 FY24End FY24
Cash and savingsLn 1–2$271K$261K
Total assetsLn 16$271K$261K
LiabilitiesLn 26$3K$14K
Net assetsLn 32$267K$248K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$4K$4K
TravelLn 17$43K$43K
Other expenses (24a–d)Ln 24$510K$510K
All other expensesLn 24e$50K$50K
Total functional expensesLn 25$607K$607K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $587K$607K−$20K$248K 990 PDF
FY2023 $552K$546K$6K$267K 990 PDF
FY2022 $510K$422K$89K$262K 990 PDF
FY2021 $373K$297K$76K$173K 990 PDF
FY2020 $192K$215K−$23K$97K 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 FY2024 990 (6 parts)
Part I · Summary $587,015 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $551,833$578,958
I-10 Investment income$8,057
I-11 Other revenue$0
I-12 Total revenuePrior year $551,833$587,015
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $546,232$606,553
I-18 Total expensesPrior year $546,232$606,553
I-19 Revenue less expensesPrior year $5,601−$19,538
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 $587,015 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $578,958$578,958
VIII-3 Investment incomeRelated to mission $8,057$8,057
VIII-12 Total revenueRelated to mission $587,015$587,015
Part IX · Statement of functional expenses $606,553 across 4 lines filed
IX-12 Advertising and promotionPrograms $4,400$4,400
IX-17 TravelPrograms $42,714$42,714
IX-24 Other expenses (24a–d)Programs $509,899$509,899
IX-24e All other expensesPrograms $49,540$49,540
IX-25 Total functional expensesPrograms $606,553 · Management $0 · Fundraising $0$606,553
Part X · Balance sheet $261,285 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $270,614$261,285
X-16 Total assetsStart of year $270,614$261,285
X-17 Accounts payable and accrued expensesStart of year $3,350$13,559
X-26 Total liabilitiesStart of year $3,350$13,559
X-32 Total net assets or fund balancesStart of year $267,264$247,726
X-33 Total liabilities and net assetsStart of year $270,614$261,285
Part XI · Reconciliation of net assets $247,726 net assets at year end
XI-1 Total revenue$587,015
XI-2 Total expenses$606,553
XI-3 Revenue less expenses−$19,538
XI-4 Net assets at start of year$267,264
XI-10 Net assets at end of year$247,726

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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