Nonprofit · EIN 39-6046865
WISCONSIN BANKERS ASSOCIATION INSURANCE TRUST FUND
Tax-exempt · SUN PRAIRIE, WI 53590
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $24,487,237 | $24,425,902 | $61,335 | $761,408 | $201,205 | $560,203 |
| December 31, 2023 | 990 | $22,408,308 | $22,426,092 | -$17,784 | $498,868 | $0 | $498,868 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $23,979,954
- Investment income
- $5,695
- Other revenue
- $501,588
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $24,000,266
- Compensation of officers, directors and key employees
- $6,000
- Salaries, compensation and benefits (total)
- $6,000
- Professional fundraising fees
- $0
- Legal fees
- $10,891
- Accounting fees
- $59,485
Balance sheet and other
- Total assets, start of year
- $498,868
- Total assets, end of year
- $761,408
- Total liabilities, end of year
- $201,205
- Net assets, end of year
- $560,203
- Gross unrelated business income
- $5,695
- Gross receipts
- $24,487,237
- Employees
- 0
- Volunteers
- 4
- Year formed
- 1956
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF SUN PRAIRIE | TRUSTEE Institutional trustee | 2 | $6,000 |
| CHARLIE SCHMALZ | PRESIDENT Trustee or director, Officer | 1 | $0 |
| TIMOTHY SCHUELER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| THOMAS JENSEN | SECRETARY Trustee or director, Officer | 1 | $0 |
| PAUL ADAMSKI | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF SUN PRAIRIE | TRUSTEE Institutional trustee | 2 | $6,000 |
| THOMAS JENSEN | SECRETARY Trustee or director, Officer | 1 | $0 |
| CHARLIE SCHMALZ | PRESIDENT Trustee or director, Officer | 1 | $0 |
| TIMOTHY SCHUELER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| PAUL ADAMSKI | TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 695 S GRAND AVE STE 101, SUN PRAIRIE, WI 53590-9722
- In care of
- % BANK OF SUN PRAIRIE
- Principal officer (990 for 2024)
- CHARLIE SCHMALZ, 109 W 2ND STREET, KAUKAUNA, WI 54130
- Signed the 990
- BANK OF SUN PRAIRIE TRUST DEPT, TRUSTEE
- Phone
- (608) 232-2061
- Return prepared by
- WIPFLI ADVISORY LLC
Mission
TO PROVIDE HEALTH AND WELFARE BENEFITS TO MEMBERS.
Program accomplishments
- PAYMENTS TO PROVIDE HEALTH AND WELFARE BENEFITS TO ITS MEMBERS.
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 | Not 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
- 39-6046865
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $761,408
- Income (IRS master file)
- $24,487,237
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $24,487,237 | $24,425,902 | $761,408 | IRS |
| 990 | December 2023 | $22,408,308 | $22,426,092 | $498,868 | XML |
| 990 | December 2022 | $19,698,341 | $19,746,285 | $516,652 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 39-6046865).
Questions about WISCONSIN BANKERS ASSOCIATION INSURANCE TRUST FUND
- What is the EIN of WISCONSIN BANKERS ASSOCIATION INSURANCE TRUST FUND?
- The employer identification number (EIN) of WISCONSIN BANKERS ASSOCIATION INSURANCE TRUST FUND is 39-6046865.
- Is WISCONSIN BANKERS ASSOCIATION INSURANCE TRUST FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1996.
- Are donations to WISCONSIN BANKERS ASSOCIATION INSURANCE TRUST FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WISCONSIN BANKERS ASSOCIATION INSURANCE TRUST FUND 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 WISCONSIN BANKERS ASSOCIATION INSURANCE TRUST FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WISCONSIN BANKERS ASSOCIATION INSURANCE TRUST FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WISCONSIN BANKERS ASSOCIATION INSURANCE TRUST FUND?
- The 990 for the year ended December 31, 2024 names CHARLIE SCHMALZ.
- Who are the officers and directors of WISCONSIN BANKERS ASSOCIATION INSURANCE TRUST FUND?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $6,000 (BANK OF SUN PRAIRIE, TRUSTEE).
- How much revenue does WISCONSIN BANKERS ASSOCIATION INSURANCE TRUST FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $24,487,237, expenses of $24,425,902 and total assets of $761,408 at year end.
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