Create Wisconsin INC FY2023 filing

Madison, WI · Public charity (501(c)(3)) · Since 1993 · Arts & Culture

✓ Tax-deductible
Revenue
$454K
+20% vs prior year
Spent
$611K
To programs
97%
Net assets
−$188K
By yearFY2020–FY2024
Revenue
$454K
FY2023▲ +20%
Revenue by fiscal year
FY2020$109K
FY2021$164K
FY2022$377K
FY2023$454K
FY2024$271K
FY2024$376K
Expenses
$611K
FY2023▲ +96%
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$312K
FY2023$611K
FY2024$238K
FY2024$191K
Net assets
−$188K
FY2023▼ -495%
Net assets by fiscal year
FY2020−$90K
FY2021−$97K
FY2022−$32K
FY2023−$188K
FY2024−$156K
FY2024$29K

From the FY2023 Form 990 (year ending June 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CCreate Wisconsin INC
EINHdr · item D39-1763871
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 1994
Year of formationHdr · item L1993
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CMadison, WI
NTEE classificationIRS BMFArts & Culture (A99Z)
WebsiteHdr · item Jcreatewisconsin.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$592K
Management & general3%$19K
Total functional expensesLn 25$611K

Financial health

Is it on solid ground?

Program efficiency
97%
of spending reaches programs
Surplus margin
-35%
revenue over expenses, this year
Donor-funded
52%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$10K
FY2023▼ -16%
Total assets by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$12K
FY2023$10K
FY2024$28K
FY2024$133K
Total liabilities
$199K
FY2023▲ +351%
Total liabilities by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$44K
FY2023$199K
FY2024$183K
FY2024$104K
Revenue less expensesPt I · Ln 19−$157K
Total assetsPt X · Ln 16$10K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$10K
Total liabilitiesLn 26$199K
Total net assetsLn 32−$188K

Statement of Revenue

Part VIII
Contributions & grants$236K · 52%
Program service revenue$218K · 48%
Contributions & grants52%$236K
Program service revenue48%$218K
Investment income$530
— government grantsLn 1e$12K
Total revenueLn 12$454K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $611K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $592K · Total expenses $611K
97%
Management & General
Management & general $19K · Total expenses $611K
3%
Fundraising
Fundraising $0 · Total expenses $611K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $284K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $236K · Total revenue $454K
52%
Government reliance
Government grants $12K · Total revenue $454K
3%
Earned-income share
Program service revenue $218K · Total revenue $454K
48%
Investment reliance
Investment income $530 · Total revenue $454K
+0.1%
Program self-sufficiency
Program service revenue $218K · Total expenses $611K
36%
Growth & trend
Revenue growth (YoY)
This year $454K · Prior year $377K
+20%
Net-asset trend (YoY)
End of year −$188K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $454K · Expenses $611K
-35%
Liabilities-to-Assets
Total liabilities — · Total assets $10K
—
Net-asset ratio
Net assets −$188K · Total assets $10K
-1808%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $10K
0%
People & payroll
Highest Reported Total Compensation
Individual Anne Katz · Reported title Executive Dir. · Highest reported compensation $70K · Total expenses $611K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $76K · Total expenses $611K
12%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 3%——
Fundraising cost ratio 0%——
Revenue growth 20%——
Investment management fee ratio 0%——
Legal fee ratio 0.7%——
Accounting fee ratio 0.9%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Dir.
$70,417Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant Prof
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Project Manager
$0Pt VII · Sec A
Project Manager
$0Pt VII · Sec A

Anne Katz’s $70K as Executive Dir. is at the 64th percentile of top reported officer pay among 2216 $100K–1M arts & culture 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 · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Anne Katz$70,000$61,667$70,417$60,000$60,000$57,500

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.

See Create Wisconsin INC executive salaries →

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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Enriching people and communities through cultural development in Wisconsin.

Provided by the organization

This section is blank until Create Wisconsin INC claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $592K of program spending, described in the organization's own filed words · FY2022.
01

Create wisconsin's technical assistance, training, and education services provide professional, leadership, management, and entrepreneurial development for wisconsin's arts sector through conferences, workshops, and GATHERINGS.CREATE wisconsin's information and research services provide data about and resources for wisconsin's art sector.

$493Kprogram expense
02

Create wisconsin's advocacy and visibility for the arts services speak up for and promote the arts as part of the economic, educational, and civic solution for wisconsin's future.

$99Kprogram expense
03

Wisconsin arts, business, education,government, political, and civic leaders and supportors people who care about wisconsin's future, spoke up for the arts and creativity throughout wisconsin, on arts day in march.

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Max Fund INCFY2025$360
Total grants receivedfrom 3 funders$61K
See all 3 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $271K$238K-40% 990 PDF
FY2023 Viewing $454K$611K+20% 990 PDF
FY2022 $377K$312K+130% 990 PDF
FY2021 $164K—+51% 990 PDF
FY2020 $109K— 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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