Wisdom Action Network INC EIN 82-4196797

Wisdom Action Network INC

EIN  82-4196797 Membership association Milwaukee, WI
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Advocates for racial and social justice through education, legislation, and research.
Leadership
Lee Henderson-Tatum · President
Money in and out
$558K revenue, $386K expenses
Bottom line
+31% operating surplus

Advocates for racial and social justice through education, legislation, and research. For fiscal year 2024 it reported $558K in revenue, $386K in expenses, and $225K in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$558K
Pt VIII · Ln 12
Total expenses
$386K
Pt IX · Ln 25
Net assets
$225K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $172K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Operating surplus
+31%
revenue over expenses▲ +135% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Program spending
99%
of expenses reach member services▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$558K
FY2024▲ +288%
Expenses
$386K
FY2024▲ +43%
Total assets
$225K
FY2024▲ +327%
Total liabilities
$0
FY2024
Total revenue
$558K
Pt VIII · Ln 12
Total expenses
$386K
Pt IX · Ln 25
Net assets
$225K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$172K
Total assetsPt X · Ln 16$225K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

2 program services account for $762K of program spending, described in the organization's own filed words · FY2024.
01

Wisdom action network educated members and the general public about issues, especially related to the criminal justice system. It also began a process of education and outreach, especially to help new and occasional voters to understand the importance of participation in the democratic process.

$381Kprogram expense
02

Wisdom action network educated members and the general public about issues, especially related to the criminal justice system. It also began a process of education and outreach, especially to help new and occasional voters to understand the importance of participation in the democratic process.

$381Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWisdom Action Network INC
EINHdr · item D82-4196797
Principal addressHdr · item CMilwaukee, WI
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFCivil Rights & Advocacy (R40)
Ruling yearIRS BMFAug 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wisdom Action Network INC executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$558K
Investment income$27
Total revenueLn 12$558K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$381K
Management & general1%$5K
Total functional expensesLn 25$386K

Balance Sheet

Part X · end of year
CashLn 1$225K
Total assetsLn 16$225K
Total liabilitiesLn 26$0
Total net assetsLn 32$225K
Months of cash on handcomputed7.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $225K · Operating expenses/yr $386K
7.0 months
Where the money goes
Program services
Program services $381K · Total expenses $386K
99%
Management & General
Management & general $5K · Total expenses $386K
1%
Fundraising
Fundraising $0 · Total expenses $386K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $490K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $558K · Total revenue $558K
100%
Government reliance
Government grants — · Total revenue $558K
Earned-income share
Program service revenue $0 · Total revenue $558K
0%
Investment reliance
Investment income $27 · Total revenue $558K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $386K
0%
Growth & trend
Revenue growth (YoY)
This year $558K · Prior year $144K
+288%
Revenue CAGR
FY2020 $747K · FY2024 $558K
-7%
Net-asset trend (YoY)
End of year $225K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $558K · Expenses $386K
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $225K
Net-asset ratio
Net assets $225K · Total assets $225K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $225K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lee Henderson-Tatum · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $386K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $386K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Fundraising cost ratio 0%
Revenue growth 288%
Accounting fee ratio 1%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$490K
See all 3 funders →
Grants paid · 21 grants · $1.9M · 2020–2024
Wisdom INCWI · FY2024$341,353
Wisdom INCWI · FY2024$341,353
Wisdom INCWI · FY2023$159,500
JoshuaWI · FY2023$20,000
Wisdom INCWI · FY2022$370,500
JonahWI · FY2022$67,000
CushWI · FY2022$25,000
JoshuaWI · FY2022$23,000
Racine Interfaith CoalitionFY2022$20,000
Esther INCWI · FY2022$20,000
Wisdom INCWI · FY2020$209,000
Naomi INCWI · FY2020$57,000
Menominee MenikanaehkemFY2020$45,000
Jonah INCWI · FY2020$27,000
See all 21 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$558K revenue · viewing · ⤓ 990 PDF
FY2023$144K revenue · ⤓ 990 PDF
FY2022$770K revenue · ⤓ 990 PDF
FY2021$43 revenue · ⤓ 990 PDF
FY2020$747K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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