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Greater Wisconsin Opportunities Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 452568919 ✦ Madison, WI ✦ Designated as a 501(c)(3)

Overview

What is Greater Wisconsin Opportunities Fund Inc?

Greater Wisconsin Opportunities Fund Inc is a nonprofit organization committed to supporting low-income communities and individuals, as defined by relevant U.S. laws. Their primary mission, as stipulated by the Wisconsin Nonstock Corporation Law, encompasses various lawful activities. One of their key initiatives is the New Markets Tax Credit, which they utilize to make investments in low-income communities across Wisconsin. Additionally, they engage in other activities that qualify for this tax credit, furthering their mission to support low-income individuals. Their operations may also involve forming subsidiary companies and applying for necessary certifications.


Is Greater Wisconsin Opportunities Fund Inc legitimate?

Greater Wisconsin Opportunities Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Wisconsin Opportunities Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Greater Wisconsin Opportunities Fund Inc?
Who is the CEO of Greater Wisconsin Opportunities Fund Inc?
What is the revenue of Greater Wisconsin Opportunities Fund Inc?
Who are the executives of Greater Wisconsin Opportunities Fund Inc and what are their salaries?
Where can I find the form 990 for Greater Wisconsin Opportunities Fund Inc?

Mission Statement of Greater Wisconsin Opportunities Fund Inc

Greater Wisconsin Opportunities Fund Inc is an organization dedicated to supporting low-income communities and individuals. According to its mission, the corporation engages in a variety of lawful activities, primarily focusing on low-income persons as defined under the Internal Revenue Code. Its primary goal is to make qualified low-income community investments throughout its service area or participate in activities that qualify for the New Markets Tax Credit under Section 45D of the Internal Revenue Code.

To achieve this mission, Greater Wisconsin Opportunities Fund Inc engages in various activities. This includes forming subsidiary limited liability companies, serving as the managing member, or creating subsidiary limited partnerships, acting as the general partner. Furthermore, the organization applies on behalf of these subsidiaries for their certification as Qualified Community Development Entities, as defined. These activities are all aimed at supporting its primary mission of assisting low-income communities and individuals.

Impact

This information is meant to be a general summary of Greater Wisconsin Opportunities Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Greater Wisconsin Opportunities Fund Inc's impact is focused on servicing low-income communities and individuals in Madison, Wisconsin. By engaging in the New Markets Tax Credit program and making qualified low-income community investments, they aim to support the economic development and well-being of low-income persons in their service area. Through their activities, they contribute to community improvement and empowerment, making a tangible difference in the lives of those they serve.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $563,059
  • Gross Receipts: $569,804

    • Assets and Liabilities:
  • Total Assets: $4,515,817
  • Total Liabilities: $436,632
  • Net Assets: $4,079,185
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MANAGEMENT FEE INCOME

    Revenue

    $476,815

    AUDIT AND TAX REIMBURS

    Revenue

    $76,173

    PROFESSIONAL FEE REIMB

    Revenue

    $9,700

    INVESTMENT IN CDE

    Revenue

    $371

    Organization Details

    Founding Year

    2011

    Principal Officer

    Joaquin Altoro

    Main Address

    908 EAST MAIN STREET SUITE 501, MADISON, WI, 53703

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Greater Wisconsin Opportunities Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.