The Wisconsin form is an essential document that charitable organizations must file to report their financial activities in the state. This annual report, known as Form #1952, is required for organizations registered to solicit contributions in Wisconsin. Timely completion and submission of this form ensure compliance with state regulations and transparency in charitable operations.
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The Wisconsin Form, specifically Form #1952, serves as an essential tool for charitable organizations operating within the state. This annual report is mandated for those registered to solicit contributions in Wisconsin, ensuring transparency and accountability in their financial dealings. Organizations that file IRS forms 990, 990EZ, or 990-PF are required to use this specific form. It is crucial to note that those submitting IRS Form 990-N must opt for alternative forms, such as Form #1943 or Form #308. The filing process must be completed within 12 months following the end of the organization’s fiscal year, which reinforces the importance of timely reporting. The form requires a comprehensive overview of the organization’s financial activities, including contributions, revenues, and expenses. Additionally, it asks for detailed information about the organization’s leadership and any professional fundraisers employed during the fiscal year. To complete the submission, organizations must include various attachments, such as the IRS 990 form and a list of states where they are authorized to solicit contributions. The Wisconsin Form not only fulfills regulatory requirements but also helps build trust with the community by providing a clear picture of an organization’s financial health and operational integrity.
What is the purpose of the Wisconsin form #1952?
The Wisconsin form #1952 is designed for charitable organizations registered to solicit contributions in Wisconsin. This form serves as the annual financial report that organizations must file with the Department of Financial Institutions. It ensures compliance with state regulations and provides transparency regarding the organization’s financial activities.
Who is required to file this form?
Any charitable organization that solicits contributions in Wisconsin must file this form annually. Specifically, organizations that file IRS Forms 990, 990EZ, or 990-PF must use form #1952. If an organization files IRS Form 990-N, it must complete Form #1943 or Form #308 instead.
When is the form due?
The annual financial report must be filed within 12 months following the end of the organization’s fiscal year. For example, if an organization’s fiscal year ends on December 31, the report is due by December 31 of the following year.
What documents must be included with the filing?
How should the form be submitted?
The form can be submitted via email to DFICharitableOrgs@wi.gov, mailed to the Department of Financial Institutions at PO Box 7879, Madison, WI 53707-7879, or faxed to (608) 267-6813. For assistance, organizations may call (608) 267-1711.
What if my organization has changes to report?
If there have been any changes to the information previously submitted, such as the organization’s name, address, or accounting period, these must be reported. Attach an explanation along with any amended documents when submitting the form.
What financial information is required?
Organizations must provide details about their fiscal year-end date, total contributions, other revenues, total revenue, and various expenses. This includes breaking down expenses allocated to program services, management, fundraising, and payments to affiliates. The net assets at the beginning and end of the year must also be reported.
Are there any specific attachments required?
What happens if an organization fails to file?
Failure to file the required annual report can result in penalties, including potential fines and loss of the organization’s ability to solicit contributions in Wisconsin. It is crucial for organizations to meet the filing requirements to maintain compliance and avoid legal repercussions.
Here are some key takeaways about filling out and using the Wisconsin form:
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In reality, any charitable organization registered to solicit contributions in Wisconsin must file this form, regardless of its size. This includes smaller organizations that may not receive significant funding.
The instructions clearly state to not staple any part of your submission. This is important to follow to ensure your documents are processed correctly.
If an organization files Form 990-N, it cannot use the Wisconsin form #1952. Instead, it must complete Form #1943 or Form #308. Understanding which form to use is crucial for compliance.
In addition to the financial report, organizations must include a list of their board members, officers, and any states where they are authorized to solicit contributions. This additional information is essential for a complete submission.
The form must be filed within 12 months after the organization’s fiscal year-end. Missing this deadline can result in penalties or complications with your registration.
Only organizations that received $500,000 or more in contributions during their fiscal year need to submit audited financial statements. Smaller organizations have different requirements.
The Wisconsin form #1952 has specific requirements and instructions that differ from federal forms like the IRS 990. It’s important to read and understand the state-specific guidelines.
Organizations can submit the form via email, mail, or fax, but they must choose one of these methods. Ensure you follow the provided instructions to avoid issues with your submission.
DO NOT STAPLE
Chapter 202, Wis. Stats.
STATE OF WISCONSIN
Division of Corporate and
Subchapter II
Department of Financial Institutions
Consumer Services
E-Mail To:
Mail To:
DFICharitableOrgs@wi.gov
PO Box 7879
Madison, WI 53707-7879
Call: (608) 267-1711
FORM #1952I – WISCONSIN
Fax: (608) 267-6813
www.wdfi.org
FILING INSTRUCTIONS
TO FINANCIAL REPORT
WHO SHOULD FILE
A charitable organization registered to solicit contributions in Wisconsin must file an annual report with the Department of Financial Institutions – Division of Corporate and Consumer Services.
A charitable organization who files an IRS 990, 990EZ or 990-PF must use form #1952.
OIf the organization files an IRS 990, 990EZ or 990-PF you must complete form #1952. (Note: If you file an IRS Form 990-N, you cannot use this form. You must complete Form #1943 or Form #308 instead.)
Please refer to the definitions set forth in Wis. Stat. §. 202.12 when completing registration and report forms.
WHEN TO FILE
An annual financial report must be filed with the division within 12 months after the organization’s fiscal year-end.
WHAT TO INCLUDE
(No part of submission should be stapled)
Form 1952 WISCONSIN – Supplement to Financial Report.
IRS 990, 990EZ or 990-PF plus all schedules (except B) and attachments.
A full list of the organization’s board of directors, officers and trustees. Please include the individual’s name, address and title.
A list of states that have issued a license, registration, permit or other formal authorization to the organization to solicit contributions.
DFI/DCCS/1952I (R 01/20) CO WI SUPPLEMENT TO FINANCIAL REPORT
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If applicable:
An audited financial statement conducted according to Generally Accepted Accounting Principles for an organization that has received $500,000 or more in contribution during its fiscal year.
OR
A reviewed or audited financial statement conducted according to Generally Accepted Accounting Principles for an organization which has received $300,000 - $499,999 in contributions during the fiscal year.
HOW TO FILE
Email to: DFICharitableOrgs@wi.gov
Mail to: WDFI/Charitable Orgs PO Box 7879 Madison, WI 53707-7879
Phone: 608-267-1711
Fax: (608) 267-6813
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FORM #1952 - WISCONSIN
SUPPLEMENT TO FINANCIAL
REPORT
ORGANIZATION INFORMATION - SECTION A
1.Name of charitable organization and any trade names or DBA (doing business as) names the organization uses.
2.WI Charitable Organization Number:
3.Federal Employer Identification Number:
-800
4.Provide the name and contact information of the individual the Department should contact about this form:
First Name:
Last Name:
Street Address:
City:
State:
Zip Code:
Phone:
Email:
5. Did your organization use a professional fund-raiser or fund-raising
Yes
No
counsel during the fiscal year in Wisconsin?
If YES, provide contact information for each fund-raiser(s), fund raising counsel(s), or person. Attach additional pages, if necessary.
Name:
Fund-Raiser:
Fund-Raising Counsel:
Zip:
Telephone Number:
Does this fund-raiser/fund-raising counsel/person have custody of
contributions at any time:
DFI/DCCS/1952 (R 01/20)
CO WI SUPPLEMENT TO FINANCIAL REPORT
Page 1 of 4
6.Has any of the information your organization previously submitted to the division changed? (i.e. name of the organization, address of the
principal office, address of any Wisconsin branch officers, accounting period, articles, by-laws, etc.)
If YES, attach an explanation and a copy of the amended document.
FINANCIAL INFORMATION - SECTION B
7.Organization’s Fiscal Year End Date (month, day, and year). Enter the accounting period for the following financial information.
mm
dd
yyyy
1. Contributions ........................................................................................................................................................
("Contribution" means a grant or pledge of money, credit, property, or other thing of any kind or value, except used clothing or household goods, to a charitable organization or for a charitable purpose. Bequests received directly from the public and indirect public support, such as contributions received through solicitation campaigns conducted by federated fundraising agencies like United Way should be included in this amount. "Contribution" does not include:
Income from bingo or raffles conducted under ch. 563, Wis. Stats.
Government grants
Bona fide fees, dues, or assessments paid by a member of a charitable organization, except that, if initial membership in a charitable organization is conferred solely as consideration for making a grant or pledge of money to the charitable organization in response to a solicitation, that grant or pledge of money is a contribution.)
1
2. Other Revenues ....................................................................................................................................................
2
3. Total Revenue (line 1 plus line 2) .........................................................................................................................
3
4.Expenses:
a. Expenses Allocated to Program Services .................................................
4a
b. Expenses Allocated to Management and General .....................................
4b
c. Expenses Allocated to Fund-raising .........................................................
4c
d. Expenses Allocated to Payments to Affiliates ..........................................
4d
e. Total Expenses .............................................................................................................................................
5.Excess or Deficit (line 3 minus line 4e) ................................................................................................................
6.Net Assets at Beginning of Year ..........................................................................................................................
7.Other Changes in Net Assets or Fund Balances (See 990, part XI).......................................................................
8.Net Assets at End of Year (Total of lines 5,6 &7) ..................................................................................................
4e
5
6
7
8
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ATTACHMENTS
Check the box next to the items that are attached to your annual report. Items A., B., and C. are required. Item D. or E. (or Waiver Application of D. or E.) is required if the contributions received by your organization fall into the described ranges. (Note: If you are submitting this form with your initial application, DO NOT submit the following attachments. Submit the attachments cited in the application form instead).
A.List of all officers, directors, trustees, and principal salaried employees – The list must include each individual’s name, address, and title. Please note that “principal salaried employees” refers to the chief
administrative officers of your organization, but does not include the heads of separate departments or
Rsmaller units within the organization. (You can disregard this item if you are attaching an IRS 990 that
Ealready includes the requested information.)
Q
U B. A list of states that have issued a license, registration, permit, or other formal authorization to the
I
R
organization to solicit contributions. (You can disregard this item if you are attaching an IRS 990 that
D
C H E C K
O N E
F
A P P L I C A B L E
C.IRS Form #990, 990EZ, or 990-PF. Do not include Schedule B of the 990.
(Note: If you file an IRS Form 990-N, you cannot use this form. You must complete a Form #1943 or Form #308 instead.)
D. Audited Financial Statements if the organization received contributions in excess of $500,000 during its fiscal year. The financial statements must be prepared in accordance with generally accepted accounting principles and be accompanied by the opinion of an independent certified public accountant.
Apply for Waiver of “D. Audited Financial Statements” if (1.) the organization’s contributions were, during each of the past 3 fiscal years, less than $100,000; and (2.) during the fiscal year for which the waiver is being requested, the organization received one or more contributions from one contributor that exceeded $400,000. Include documentation to support (1.) and (2.).
E. Reviewed Financial Statements if the organization received contributions in excess of $300,000, but not more than $500,000 during its fiscal year. The financial statements must be prepared in accordance with generally accepted accounting principles by an independent certified public accountant. Audited financial statements are also acceptable.
Apply for Waiver of “E. Reviewed Financial Statements” if (1.) the organization’s contributions were, during each of the past 3 fiscal years, less than $100,000; and (2.) during the fiscal year for which the waiver is being requested, the organization received one or more contributions from one contributor that exceeded $200,000. Include documentation to support (1.) and (2.).
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CERTIFICATION - SECTION C
This document MUST be signed by the chief fiscal officer and another officer. Two different officer signatures required. Completion of this form is required under Section 202.12, Wisconsin Statutes.
We, the undersigned, state and acknowledge that we are duly constituted officers of this organization, and that, under penalties of perjury, we have reviewed this report, including all attachments, and to the best of our knowledge and belief, they are true, correct and complete in accordance with the laws of the State of Wisconsin applicable to this report.
Name (Print)
Signature of Officer
Date
AND
Signature of Chief Fiscal Officer
This document can be made available in alternate formats upon request to qualifying individuals with disabilities.
RETURN MATERIALS TO:
Division of Corporate and Consumer Services
Mailing Address:
Madison, Wisconsin 53707-7879
Or
E-mail:
Phone Number: 608-267-1711
Notice: Completion of this form is required under Section 202.12, Wisconsin Statutes. Failure to comply may result in further action by our Department. Personal information you provide may be used for secondary purposes.
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