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Outline

The Wisconsin Form #1952 is a crucial document for charitable organizations registered to solicit contributions within the state. This form serves as the annual financial report that must be submitted to the Department of Financial Institutions, specifically the Division of Corporate and Consumer Services. Organizations that file IRS Forms 990, 990EZ, or 990-PF are required to complete this form, while those using IRS Form 990-N must opt for different forms. Timeliness is essential; the annual report is due within 12 months following the end of the organization’s fiscal year. The form collects vital information, including the organization’s financial details, a comprehensive list of board members, and any professional fundraisers utilized during the year. Additionally, organizations must disclose their financial performance, detailing contributions, revenues, expenses, and net assets. Depending on the level of contributions received, further documentation, such as audited or reviewed financial statements, may be necessary. Proper submission can be done via email, mail, or fax, and it is important to note that no part of the submission should be stapled. This form not only ensures compliance with state regulations but also promotes transparency and accountability within the charitable sector.

Steps to Filling Out Wisconsin

Completing the Wisconsin form is an important step for charitable organizations registered to solicit contributions in the state. Follow these steps carefully to ensure that all required information is included and submitted correctly.

  1. Gather all necessary documents, including IRS Form 990, 990EZ, or 990-PF, and any financial statements if applicable.
  2. Begin filling out the form by providing the name of the charitable organization and any trade names it uses.
  3. Enter the Wisconsin Charitable Organization Number and the Federal Employer Identification Number.
  4. Provide contact information for the individual the Department should reach out to regarding the form.
  5. Indicate whether your organization used a professional fund-raiser or fund-raising counsel during the fiscal year in Wisconsin.
  6. If applicable, provide the contact information for each fund-raiser or fund-raising counsel used.
  7. Check if any information previously submitted to the division has changed, and attach an explanation if necessary.
  8. Fill in the organization’s fiscal year-end date.
  9. Complete the financial information section by entering contributions, other revenues, and total revenue.
  10. List expenses allocated to various categories such as program services, management, and fundraising.
  11. Calculate the excess or deficit by subtracting total expenses from total revenue.
  12. Document net assets at the beginning of the year and any other changes in net assets or fund balances.
  13. Calculate net assets at the end of the year.
  14. Check the box next to the required attachments that you are including with your annual report.
  15. Email the completed form to DFICharitableOrgs@wi.gov, or mail it to the provided address.

Key takeaways

  • Filing Requirement: Any charitable organization that is registered to solicit contributions in Wisconsin must complete and submit the annual report using Form #1952. This requirement applies specifically to organizations that file IRS forms 990, 990EZ, or 990-PF.

  • Submission Deadline: Organizations must file their annual financial report within 12 months after the end of their fiscal year. Timeliness is crucial to maintain compliance with state regulations.

  • Necessary Attachments: When submitting Form #1952, organizations must include a variety of documents. These include a full list of board members, IRS forms, and, if applicable, audited or reviewed financial statements based on the amount of contributions received during the fiscal year.

  • Changes in Information: Organizations must report any changes to previously submitted information, such as changes in name, address, or leadership. If any changes occur, an explanation and supporting documents should accompany the report.

  • Multiple Submission Methods: Form #1952 can be submitted via email, mail, or fax. Organizations have the flexibility to choose the method that best suits their operational needs.

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Documents used along the form

When filing the Wisconsin form for charitable organizations, several other documents often accompany it. These documents provide essential information and fulfill various requirements set by the state. Understanding each of these forms can help ensure a smooth filing process and compliance with state regulations.

  • IRS Form 990, 990EZ, or 990-PF: This federal tax form is required for organizations that receive significant contributions. It provides a detailed overview of the organization’s financial activities, including income, expenses, and operational details. The specific version used depends on the organization’s revenue level.
  • List of Officers and Directors: This document includes the names, addresses, and titles of all individuals serving as officers, directors, or trustees within the organization. It is crucial for transparency and accountability, ensuring that the organization is managed by qualified individuals.
  • Power of Attorney: Understanding the nuances of a Power of Attorney form is essential for those looking to authorize someone to make decisions on their behalf. For more information, visit https://topformsonline.com/power-of-attorney/.
  • State Licenses and Registrations: Organizations must provide a list of states where they hold licenses or registrations to solicit contributions. This demonstrates compliance with state laws and regulations governing charitable solicitations.
  • Audited Financial Statements: Required for organizations receiving over $500,000 in contributions, these statements must be prepared by an independent certified public accountant. They offer a thorough examination of the organization’s financial health and adherence to accounting principles.
  • Reviewed Financial Statements: For organizations with contributions between $300,000 and $500,000, reviewed financial statements are necessary. These statements are less comprehensive than audited ones but still provide a professional assessment of the organization’s financial situation.

By gathering these documents, charitable organizations can ensure they meet all necessary requirements for filing in Wisconsin. Each document plays a vital role in demonstrating the organization’s financial integrity and compliance with state and federal regulations.