Nonprofit · EIN 39-1394068
WMC FOUNDATIION INC
Tax-exempt · MADISON, WI 53718
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,965,569 | $1,295,251 | $670,318 | $6,546,132 | $1,536,852 | $5,009,280 |
| December 31, 2024 | 990 | $1,462,318 | $1,179,379 | $282,939 | $4,793,635 | $438,826 | $4,354,809 |
| December 31, 2023 | 990 | $1,272,332 | $1,085,713 | $186,619 | $4,525,484 | $446,697 | $4,078,787 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,851,357
- Program service revenue
- $224,112
- Investment income
- $10,139
- Net rental income
- -$107,795
- Net gain from sales of assets
- $3,436
- Net income from fundraising events
- -$12,960
- Other revenue
- -$120,039
Expenses
- Grants and similar amounts paid
- $28,100
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $6,911
- Accounting fees
- $8,716
- Travel
- $36,210
- Program services (functional)
- $824,003
- Management and general (functional)
- $296,323
- Fundraising (functional)
- $174,925
Balance sheet and other
- Total assets, start of year
- $4,793,635
- Total assets, end of year
- $6,546,132
- Total liabilities, end of year
- $1,536,852
- Net assets, end of year
- $5,009,280
- Land, buildings and equipment
- $5,827,470
- Publicly traded securities
- $26,504
- Net assets without donor restrictions
- $4,839,280
- Net assets with donor restrictions
- $170,000
- Gross receipts
- $2,855,673
- Employees
- 0
- Volunteers
- 30
- Year formed
- 1981
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KURT BAUER | CHAIRMAN/CEO Trustee or director, Officer | 3.8 | $0 | $620,025 | $58,186 |
| WADE GOODSELL | PRESIDENT Officer | 16.9 | $0 | $256,536 | $40,561 |
| DAVID ANDERSON | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| DANIEL ARIENS | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| COLE BAWEK | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| THOMAS BOLDT | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| TRICIA BRAUN | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| JP BRUMMOND | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| TIMOTHY CHRISTEN | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| ROBYN GRUNER | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| JOSH HOESCH | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| ROBERT KAMPHUIS | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| SCOTT KOWALSKI | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| STEVE LOEHR | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| RUSSELL SCHIEBER | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARL SCHMIDT | DIRECTOR Trustee or director | 0.03 | $0 |
| DREW SLOCUM | DIRECTOR Trustee or director | 0.03 | $0 |
| CARRIE STROBEL | DIRECTOR Trustee or director | 0.03 | $0 |
| MIKE VICTORSON | DIRECTOR Trustee or director | 0.03 | $0 |
| MATT WALKER | DIRECTOR Trustee or director | 0.03 | $0 |
| CONNOR MELOY | DIRECTOR (THRU MID-DECEMBER) Trustee or director | 0.03 | $0 |
| SAMANTHA METCALF | DIRECTOR (THRU MID-DECEMBER) Trustee or director | 0.03 | $0 |
| ROBERT BERMKE | DIRECTOR (THRU SEPTEMBER) Trustee or director | 0.03 | $0 |
| MATT KANZ | DIRECTOR (THRU JUNE) Trustee or director | 0.03 | $0 |
| KATIE POEHLING SEYMOUR | DIRECTOR (THRU JUNE) Trustee or director | 0.03 | $0 |
990 for the year ended December 31, 2024: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KURT BAUER | CHAIRMAN/CEO Trustee or director, Officer | 3.8 | $0 | $719,914 | $57,536 |
| DAVID ANDERSON | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| DANIEL ARIENS | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| ROBERT BERMKE | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| THOMAS BOLDT | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| TRICIA BRAUN | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| JP BRUMMOND | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| TIMOTHY CHRISTEN | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| ROBERT KAMPHUIS | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| MATT KANZ | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| SCOTT KOWALSKI | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| STEVE LOEHR | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| CONNOR MELOY | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| SAMANTHA METCALF | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| RUSSELL SCHIEBER | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| KARL SCHMIDT | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| DREW SLOCUM | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| MIKE VICTORSON | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| JOSH HOESCH | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| CARRIE STROBEL | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| COLE BAWEK | DIRECTOR (FROM MAY 2024) Trustee or director | 0.03 | $0 | $0 | $0 |
| KATIE POEHLING SEYMOUR | DIRECTOR (FROM MAY 2024) Trustee or director | 0.03 | $0 | $0 | $0 |
| JAY SMITH | DIRECTOR (THRU JAN 2024) Trustee or director | 0.03 | $0 | $0 | $0 |
| PATRICK FLESCH | DIRECTOR (THRU JAN 2024) Trustee or director | 0.03 | $0 | $0 | $0 |
| THOMAS HOWATT | DIRECTOR (THRU JAN 2024) Trustee or director | 0.03 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KURT BAUER | CHAIRMAN/CEO Trustee or director, Officer | 3.8 | $0 | $515,136 | $55,878 |
| DAVID ANDERSON | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| DANIEL ARIENS | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| ROBERT BERMKE | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| THOMAS BOLDT | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| TRICIA BRAUN | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| JP BRUMMOND | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| TIMOTHY CHRISTEN | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| THOMAS HOWATT | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| ROBERT KAMPHUIS | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| MATT KANZ | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| SCOTT KOWALSKI | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| STEVE LOEHR | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| CONNOR MELOY | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| SAMANTHA METCALF | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| RUSSELL SCHIEBER | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| KARL SCHMIDT | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| DREW SLOCUM | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| JAY SMITH | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| MIKE VICTORSON | DIRECTOR Trustee or director | 0.03 | $0 | $0 | $0 |
| PATRICK FLESCH | DIRECTOR (FROM 5/2023) Trustee or director | 0.03 | $0 | $0 | $0 |
| JOSH HOESCH | DIRECTOR (FROM 10/2023) Trustee or director | 0.03 | $0 | $0 | $0 |
| CARRIE STROBEL | DIRECTOR (FROM 10/2023) Trustee or director | 0.03 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2 BUTTONWOOD CT, MADISON, WI 53718-2156
- Principal officer (990 for 2025)
- KURT BAUER, 2 BUTTONWOOD CT, MADISON, WI 53718
- Signed the 990
- KURT BAUER, CHAIRMAN/CEO
- Phone
- (608) 258-3400
- Website
- WWW.WMCFOUNDATION.ORG
- Return prepared by
- WEGNER CPAS LLP
Mission
WMC FOUNDATION, INC.'S MISSION IS TO PROVIDE BUSINESS AND ECONOMICS EDUCATION, PROMOTE THE VALUE OF THE FREE ENTERPRISE SYSTEM AND ENSURE A HIGH QUALITY OF LIFE FOR OUR CITIZENS.
Program accomplishments
- EDUCATIONAL PROGRAMS:INFORMATIONAL SEMINARS, WEBINARS, RESEARCH STUDIES, REPORTS, MEETINGS, AND CONFERENCES RELATING TO A VARIETY OF TOPICS INCLUDING HEALTH CARE, ENVIRONMENT, EDUCATION, LEADERSHIP, ENERGY, TRANSPORTATION, TAXES, HUMAN RESOURCES, AND LEGAL REFORM.WISCONSIN BUSINESS WORLD IS A PROGRAM OF THE FOUNDATION AIMED AT PROVIDING HIGH SCHOOL STUDENTS WITH ECONOMIC AND FINANCIAL LITERACY EDUCATION WHILE TEACHING THE IMPORTANCE OF FREE-MARKET ENTERPRISE. BUSINESS WORLD HOSTS SUMMER CAMPS EACH YEAR AND NUMEROUS ONE-DAY "MINI" PROGRAMS DURING THE SCHOOL YEAR FOR SCHOOL DISTRICTS AROUND THE STATE. STUDENTS PARTICIPATE IN HANDS-ON EXERCISES THAT EASILY RELATE TO THE EVERYDAY LIFE OF RUNNING A BUSINESS AND FINISH EACH PROGRAM WITH A BETTER UNDERSTANDING OF THE INTRICACIES OF BUSINESS. THE PROGRAM ALSO EXPOSES STUDENTS TO THE VARIETY OF DIFFERENT CAREER OPPORTUNITIES AVAILABLE AFTER HIGH SCHOOL OR COLLEGE.Expenses $824,003 · grants $28,100 · revenue $224,112
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1394068
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1981
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,546,132
- Income (IRS master file)
- $2,855,673
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,965,569 | $1,295,251 | $6,546,132 | XML |
| 990 | December 2024 | $1,462,318 | $1,179,379 | $4,793,635 | XML |
| 990 | December 2023 | $1,272,332 | $1,085,713 | $4,525,484 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,130,604 | $868,791 | $4,176,361 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1394068).
Questions about WMC FOUNDATIION INC
- What is the EIN of WMC FOUNDATIION INC?
- The employer identification number (EIN) of WMC FOUNDATIION INC is 39-1394068.
- Is WMC FOUNDATIION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to WMC FOUNDATIION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WMC FOUNDATIION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WMC FOUNDATIION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WMC FOUNDATIION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WMC FOUNDATIION INC?
- The 990 for the year ended December 31, 2025 names KURT BAUER.
- Who are the officers and directors of WMC FOUNDATIION INC?
- The 990 for the year ended December 31, 2025 lists 25 people; 0 received compensation from the organization.
- How much revenue does WMC FOUNDATIION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,965,569, expenses of $1,295,251 and total assets of $6,546,132 at year end.
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