Nonprofit · EIN 26-1412296
FUND FOR WISCONSIN SCHOLARS INC
Tax-exempt · MADISON, WI 53715
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $70,520,420 | $23,758,660 | $46,761,760 | $342,343,302 | $1,025,407 | $341,317,895 |
| June 30, 2024 | 990-PF | $38,407,391 | $18,334,153 | $20,073,238 | $303,829,934 | $185,861 | $303,644,073 |
| June 30, 2023 | 990-PF (amended) | $11,885,477 | $15,447,001 | -$3,561,524 | $271,955,838 | $191,272 | $271,764,566 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $25,420,000
- Dividends
- $2,152,826
- Interest
- $300,036
- Net gain from sales of assets
- $39,030,910
- Other income
- $3,616,648
Expenses
- Grants and similar amounts paid
- $19,648,200
- Compensation of officers, directors and key employees
- $364,472
- Salaries, compensation and benefits (total)
- $161,651
- Disbursements for charitable purposes
- $20,844,465
- Excise tax on investment income
- $681,482
Balance sheet and other
- Total assets, start of year
- $303,829,934
- Total assets, end of year
- $342,343,302
- Total liabilities, end of year
- $1,025,407
- Net assets, end of year
- $341,317,895
- Fair market value of assets
- $342,343,302
- Qualifying distributions
- $20,844,465
- Net investment income
- $53,428,992
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-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KELLY RUPPEL PO BOX 5506, MADISON, WI 53705 | SECRETARY/EXEC DIR/TRUSTEE | 40 | $270,472 | $5,729 |
| ANGELA SWENSON-HOLZINGER PO BOX 5506, MADISON, WI 53705 | MENTOR COORDINATOR Highest-paid employee | 40 | $116,871 | $2,805 |
| LISA LINNEMANSTONS PO BOX 5506, MADISON, WI 53705 | ACCOUNTANT Highest-paid employee | 10 | $75,230 | – |
| JOHN D MORGRIDGE PO BOX 5506, MADISON, WI 53705 | TRUSTEE | 2 | $21,000 | $0 |
| CHRIS BRADFORD PO BOX 5506, MADISON, WI 53705 | TREASURER/TRUSTEE | 2 | $19,000 | $0 |
| KATHARINA HEYNING PO BOX 5506, MADISON, WI 53705 | CHAIR/TRUSTEE | 5 | $15,000 | $0 |
| CORY NETTLES PO BOX 5506, MADISON, WI 53705 | TRUSTEE | 2 | $15,000 | $0 |
| REBECCA SPLITT PO BOX 5506, MADISON, WI 53705 | VICE-CHAIR/TRUSTEE | 5 | $15,000 | $0 |
| DIANA HESS PO BOX 5506, MADISON, WI 53705 | TRUSTEE | 2 | $9,000 | $0 |
| TASHIA F MORGRIDGE PO BOX 5506, MADISON, WI 53705 | TRUSTEE | 2 | $0 | $0 |
| JOHN P MORGRIDGE PO BOX 5506, MADISON, WI 53705 | TRUSTEE | 2 | $0 | $0 |
990-PF for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KELLY RUPPEL PO BOX 5506, MADISON, WI 53705 | SECRETARY/EXEC DIR/TRUSTEE | 40 | $235,000 | $20,004 |
| ANGELA SWENSON-HOLZINGER PO BOX 5506, MADISON, WI 53705 | MENTOR COORDINATOR Highest-paid employee | 40 | $78,741 | $25,709 |
| LISA LINNEMANSTONS PO BOX 5506, MADISON, WI 53705 | ACCOUNTANT Highest-paid employee | 10 | $67,878 | $0 |
| JOHN D MORGRIDGE PO BOX 5506, MADISON, WI 53705 | TRUSTEE | 2 | $18,000 | $0 |
| CHRIS BRADFORD PO BOX 5506, MADISON, WI 53705 | TREASURER/TRUSTEE | 2 | $16,000 | $0 |
| KATHARINA HEYNING PO BOX 5506, MADISON, WI 53705 | VICE-CHAIR/TRUSTEE | 2 | $12,000 | $0 |
| REBECCA SPLITT PO BOX 5506, MADISON, WI 53705 | TRUSTEE | 2 | $12,000 | $0 |
| MICHAEL LOVELL PO BOX 5506, MADISON, WI 53705 | TRUSTEE | 2 | $6,000 | $0 |
| CORY NETTLES PO BOX 5506, MADISON, WI 53705 | TRUSTEE | 2 | $6,000 | $0 |
| JOHN W DANIELS JR PO BOX 5506, MADISON, WI 53705 | VICE-CHAIR/TRUSTEE | 2 | $3,000 | $0 |
| JOHN P MORGRIDGE PO BOX 5506, MADISON, WI 53705 | CHAIR/TRUSTEE | 5 | $0 | $0 |
| TASHIA F MORGRIDGE PO BOX 5506, MADISON, WI 53705 | TRUSTEE | 5 | $0 | $0 |
990-PF for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARY W GULBRANDSEN PO BOX 5506, MADISON, WI 53705 | SECRETARY/EXEC DIR/TRUSTEE | 40 | $154,241 | $6,960 |
| KELLY RUPPEL PO BOX 5506, MADISON, WI 53705 | SECRETARY/EXEC DIR/TRUSTEE | 40 | $108,187 | $10,002 |
| ANGELA SWENSON-HOLZINGER PO BOX 5506, MADISON, WI 53705 | MENTOR COORDINATOR Highest-paid employee | 40 | $75,712 | $24,720 |
| LISA LINNEMANSTONS PO BOX 5506, MADISON, WI 53705 | ACCOUNTANT Highest-paid employee | 12 | $59,653 | $0 |
| JOHN D MORGRIDGE PO BOX 5506, MADISON, WI 53705 | TRUSTEE | 2 | $20,000 | $0 |
| CHRIS BRADFORD PO BOX 5506, MADISON, WI 53705 | TREASURER/TRUSTEE | 2 | $18,000 | $0 |
| REBECCA SPLITT PO BOX 5506, MADISON, WI 53705 | VICE-CHAIR/TRUSTEE | 2 | $12,000 | $0 |
| JOHN W DANIELS JR PO BOX 5506, MADISON, WI 53705 | VICE-CHAIR/TRUSTEE | 2 | $12,000 | $0 |
| KATHARINA HEYNING PO BOX 5506, MADISON, WI 53705 | TRUSTEE | 2 | $12,000 | $0 |
| MICHAEL LOVELL PO BOX 5506, MADISON, WI 53705 | TRUSTEE | 2 | $9,000 | $0 |
| DAVID WARD PO BOX 5506, MADISON, WI 53705 | TRUSTEE | 2 | $3,000 | $0 |
| TED KELLNER PO BOX 5506, MADISON, WI 53705 | TREASURER/TRUSTEE | 2 | $3,000 | $0 |
| JOHN P MORGRIDGE PO BOX 5506, MADISON, WI 53705 | CHAIR/TRUSTEE | 5 | $0 | $0 |
| TASHIA F MORGRIDGE PO BOX 5506, MADISON, WI 53705 | TRUSTEE | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 616 W SHORE DR, MADISON, WI 53715-1812
- In care of
- % KELLY RUPPEL
- Signed the 990-PF
- Kelly Ruppel, Executive Director
- Phone
- (608) 238-2400
- Website
- WWW.FFWS.ORG
- Return prepared by
- BDO USA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 26-1412296
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2008
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $342,343,302
- Income (IRS master file)
- $172,682,068
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $70,520,420 | $23,758,660 | $342,343,302 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990-PF | June 2024 | $38,407,391 | $18,334,153 | $303,829,934 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990-PF | June 2023 | $11,885,477 | $15,447,001 | $271,955,838 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990-PF | June 2020 | – | – | – | IRS |
| 990-PF | June 2019 | – | – | – | IRS |
| 990-PF | June 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 26-1412296).
Questions about FUND FOR WISCONSIN SCHOLARS INC
- What is the EIN of FUND FOR WISCONSIN SCHOLARS INC?
- The employer identification number (EIN) of FUND FOR WISCONSIN SCHOLARS INC is 26-1412296.
- Is FUND FOR WISCONSIN SCHOLARS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to FUND FOR WISCONSIN SCHOLARS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FUND FOR WISCONSIN SCHOLARS INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FUND FOR WISCONSIN SCHOLARS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FUND FOR WISCONSIN SCHOLARS INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of FUND FOR WISCONSIN SCHOLARS INC?
- The 990-PF for the year ended June 30, 2025 lists 11 people; 9 received compensation from the organization, the highest $270,472 (KELLY RUPPEL, SECRETARY/EXEC DIR/TRUSTEE).
- How much revenue does FUND FOR WISCONSIN SCHOLARS INC have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $70,520,420, expenses of $23,758,660 and total assets of $342,343,302 at year end.
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