The Wisconsin Form #1952 serves as a crucial document for charitable organizations registered to solicit contributions within the state. It is mandated for submission on an annual basis by the Department of Financial Institutions – Division of Corporate and Consumer Services. This form, alongside required attachments such as IRS 990 forms (excluding 990-N), lists of directors, and financial statements, ensures compliance with Chapter 202, Wis. Stats. To streamline the submission process and ensure compliance, click the button below to fill out your form.
In Wisconsin, charitable organizations engaged in soliciting contributions possess a regulatory mandate to compile and submit an annual report endorsing their financial activities over the past fiscal year. This requisite, governed by Chapter 202 of the Wisconsin Statutes, is administered by the State of Wisconsin's Department of Financial Institutions – Division of Corporate and Consumer Services. Particularly, Form #1952 emerges as the cornerstone for organizations that have filed an IRS 990, 990EZ, or 990-PF, providing a structured mechanism to encapsulate a comprehensive financial avatar of the entity. Key submission elements include a supplement to the financial report, a full disclosure of the board of directors, officers, and trustees, along with a dossier of states permitting the organization's solicitation endeavors. Moreover, dependent on the fiscal influx, entities receiving significant contributions are obligated to attach either an audited or reviewed financial statement prepared in strict adherence to Generally Accepted Accounting Principles (GAAP). This regime, articulated through a mix of instruction and precise documentation requirements, underscores Wisconsin’s commitment to fostering transparency, accountability, and the responsible management of charitable resources.
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
Page 1 of 2
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
Page 2 of 2
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.).
Page 3 of 4
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.
Page 4 of 4
After completing a year of soliciting contributions in Wisconsin, charitable organizations are required to submit an annual report to the Department of Financial Institutions – Division of Corporate and Consumer Services. This process, crucial for maintaining transparency and public trust, involves providing detailed financial data and organizational information to comply with state regulations. The following steps outline how to properly fill out and submit this essential document without stapling any part of the submission.
Following these steps ensures your charitable organization remains in good standing by fulfilling its reporting obligations to the State of Wisconsin. This process not only adheres to legal requirements but also showcases your organization's commitment to transparency and accountability.
What is the purpose of FORM #1952I in Wisconsin?
FORM #1952I serves as a required annual financial report for charitable organizations that are registered to solicit contributions in Wisconsin. It ensures that the financial activities of these organizations are transparent and adhere to the guidelines set forth by the Wisconsin Department of Financial Institutions – Division of Corporate and Consumer Services.
Who is required to file FORM #1952I?
Any charitable organization registered to solicit contributions in Wisconsin and that files an IRS 990, 990EZ, or 990-PF must complete and file FORM #1952I. This form is not suitable for organizations filing an IRS Form 990-N, who instead must use either Form #1943 or Form #308.
When should FORM #1952I be filed?
The annual financial report must be submitted within 12 months after the end of the organization's fiscal year. This timing ensures the most recent fiscal information is provided, maintaining the organization's compliance with state regulations.
What should be included with FORM #1952I when filing?
Along with the completed FORM #1952I, organizations must include their IRS 990, 990EZ, or 990-PF without Schedule B, a list of board directors, officers, and trustees with their details, a list of states where the organization is authorized to solicit contributions, and depending on the amount of contributions received, either an audited or reviewed financial statement prepared according to Generally Accepted Accounting Principles (GAAP).
How can FORM #1952I be submitted?
The form can be submitted either via email to DFICharitableOrgs@wi.gov or by mailing it to the postal address provided in the form instructions. Organizations may also contact the division via phone or fax for further assistance.
Are there any specific instructions about stapling documents?
Yes, the instructions specifically advise against stapling any part of the submission. This likely facilitates easier processing and prevents documents from being damaged or lost.
What if a charitable organization's information has changed?
If there have been changes to any previously submitted information, such as the organization's name or address, the organization must attach an explanation and a copy of the amended document along with their FORM #1952I.
Is it necessary to report the use of professional fund-raisers or counsel?
Yes, organizations that have used professional fund-raisers or fund-raising counsel during the fiscal year in Wisconsin must provide contact information for each. This includes names, addresses, phone numbers, and clearly indicating whether these professionals had custody of contributions at any time.
How are contributions defined in the context of this form?
Contributions are defined as grants or pledges of money, credit, property, or other things of value to a charitable organization or for a charitable purpose. This definition excludes income from bingo or raffles, government grants, and fees or dues paid by members, under certain conditions.
What are the requirements for financial statements based on contributions received?
Organizations that receive $500,000 or more in contributions during their fiscal year are required to submit an audited financial statement. Those receiving between $300,000 and $499,999 are required to submit either a reviewed or audited financial statement, according to GAAP. Waivers for these requirements may be applied for under specific conditions.
Filling out the Wisconsin Form #1952 can sometimes be a complex and detail-oriented task that may lead to errors if not done with care. One of the most common mistakes people make when completing this form is not attaching all required schedules and attachments, excluding Schedule B of the IRS 990, as explicitly stated. This oversight can lead to incomplete submissions, which may delay the processing of the form.
Another frequent error is submitting stapled documents, despite the clear instruction "DO NOT STAPLE". This may seem trivial, but non-compliance with submission guidelines could result in processing delays or even require the resubmission of documents, further complicating the filing process for charitable organizations.
Organizations often neglect to update their list of officers, directors, trustees, and principal salaried employees. This list is essential for keeping the State of Wisconsin's records current and ensuring transparency in the operations of charitable organizations. Inaccuracies or outdated information here can misrepresent the organization's governance and potentially affect its standing.
Incorrect financial declaration is another area where mistakes are made. Charitable organizations sometimes misreport their received contributions or misclassify their expenses among program services, management, and fundraising. Accurate financial reporting is crucial for compliance and for the public's trust in how an organization manages its resources. Misreporting, whether unintentional or not, can lead to scrutiny and possible legal implications.
Last but certainly not least, failure to submit the form within 12 months after the organization's fiscal year-end is a mistake that could have significant consequences. This deadline is set to ensure timely oversight of charitable activities within the state. Late submissions can result in penalties, fees, or in severe cases, the revocation of the organization's registration to solicit contributions in Wisconsin. It's imperative for organizations to mark this deadline prominently and ensure all submission requirements are met well in advance.
When filing the Wisconsin Form #1952, a Supplement to Financial Report for charitable organizations, several other essential documents and forms are often used in tandem to ensure comprehensive compliance and transparency in nonprofit operations. The understanding of these documents can significantly aid organizations in navigating the financial and legal intricacies of charitable activities in Wisconsin.
Together, these documents form the backbone of a charitable organization's legal and financial transparency and accountability in Wisconsin. Their careful preparation and timely submission not only keep organizations in good standing but also reinforce the trust and confidence of supporters, regulatory bodies, and the general public.
The Wisconsin Form #1952 is closely related to the IRS Form 990, 990EZ, or 990-PF, which are required by the Internal Revenue Service for tax-exempt organizations. Both sets of forms are designed to gather detailed financial information, including revenues, expenses, and net assets. However, the Wisconsin form specifically requires this information for charitable organizations soliciting contributions within the state, incorporating state regulations alongside federal tax obligations. What distinguishes them is the added requirement on the Wisconsin form for a list of board members and states where the organization is authorized to solicit contributions.
Similar to the Wisconsin Form #1952, the Unified Registration Statement (URS) serves as a consolidated document for charitable organizations to register in multiple states. Although the URS aims at streamlining multi-state registration by compiling the common elements of several states' registration requirements into one form, Wisconsin's form incorporates state-specific stipulations, including the provision of financial statements based on contribution levels and a detailed listing of officers and directors. Both documents ultimately facilitate regulatory compliance for charitable fundraising activities, but the URS seeks broader applicability across states.
The California Form CT-1, Annual Registration Renewal Fee Report, shares objectives with the Wisconsin Form #1952 by requiring charitable organizations to submit annual financial reports and maintain updated registration information. Both forms ensure transparency in the operations of charitable entities and seek to provide the public and regulatory bodies with current organizational information. The critical difference lies in the state-specific financial thresholds and accompanying documents defined by California's guidelines, highlighting the variation in state-level regulatory approaches to nonprofit oversight.
The New York CHAR500, Annual Filing for Charitable Organizations, is another document with a purpose parallel to the Wisconsin Form #1952. This form mandates annual financial reporting from nonprofits operating within the state of New York, detailing revenue, expenses, and activities similar to Wisconsin's requirements. Both forms necessitate the inclusion of federal tax forms (like the IRS Form 990) and additional state-specific information to oversee charitable activities effectively. Yet, the CHAR500 also requires attachments that may include auditing statements, similarly dependent on the organization's financial breadth, which underscores the common intention among states to ensure financial transparency and accountability in the nonprofit sector.
Florida's Charitable Organizations/Sponsors Annual Report Form emphasizes financial accountability and transparency of nonprofits soliciting within the state, echoing the intentions behind Wisconsin's Form #1952. Both documents require detailed fiscal information and a list of key officials but differ in the depth of data collection and state-specific compliance particulars. For example, while the Wisconsin form asks for a list of states where the organization is licensed to solicit donations, Florida's focus may lean more towards in-state activities and compliance with Florida statutes, showcasing the tailored approach each state adopts regarding charitable oversight.
Illinois’ Form AG990-IL, Annual Financial Report of Charitable Organization, shares similarities with the Wisconsin Form #1952 by requiring detailed financial disclosures from charities operating within the state. Both forms are essential tools for state authorities to monitor the financial integrity and operational transparency of nonprofits. While they necessitate comprehensive financial reporting, including revenues and expenses, Illinois' form highlights the state's specific requirements, such as mandatory disclosing of contracts with professional fundraisers, underscoring the nuanced regulatory landscape differing across states.
The Pennsylvania Bureau of Corporations and Charitable Organizations’ BCO-10, Registration Statement, parallels the Wisconsin Form #1952 in its function to oversee charities within state boundaries. Both documents compile organizational, financial, and operational data to aid in state-level regulation of charitable activities. The inclusion of financial statements, operational details, and lists of key personnel in both forms points towards a universal effort by states to safeguard public interest and ensure the responsible management of charitable resources, albeit with state-specific regulatory nuances.
Filling out any official form requires careful attention to detail to ensure compliance and accuracy. When completing the Wisconsin Form #1952 for charitable organizations, there are specific dos and don'ts that can help streamline the process and avoid common pitfalls. Below are four key points to consider:
Things You Should Do:
Things You Shouldn't Do:
Understanding the requirements and expectations for charitable organizations in Wisconsin is crucial for maintaining compliance and ensuring the continued ability to support the community. However, several misconceptions can complicate this process. By clarifying these misunderstandings, organizations can better navigate their obligations and focus on their mission.
Many believe that only organizations based in Wisconsin must file the annual financial report using Form #1952, overlooking that any charitable organization registered to solicit contributions in Wisconsin, regardless of where they are based, has this filing requirement.
Another common misconception is that all nonprofits must submit Form #1952. In reality, only those that file an IRS 990, 990EZ, or 990-PF are required to use this form, excluding entities that file an IRS Form 990-N, which necessitates different documentation.
Some presume that the only document needed for submission is Form #1952 itself, unaware that a supplement to the financial report, IRS forms (excluding Schedule B), and a comprehensive list of officers are also mandated for a complete submission.
Organizations sometimes mistakenly think they can staple their documents for submission, although the form clearly instructs not to staple any parts of the submission to ensure that documents can be easily separated and processed.
There's a misconception that the form and accompanying documentation can be submitted at any time, whereas they must be filed within 12 months after the organization’s fiscal year-end to remain in good standing.
It is erroneously believed by some that financial reports submitted to other states or the IRS exempt them from filing in Wisconsin, not understanding that Wisconsin's requirements are specific and independent of other filings.
A false assumption exists that email and fax are the only acceptable ways to submit the form, ignoring that it can also be mailed, which might be preferable for organizations compiling a large number of documents.
There’s a misunderstanding about the necessity of listing all states where the organization is authorized to solicit contributions, with some organizations either omitting this information or not realizing it should be included.
Another common error lies in the belief that audited financial statements are always required for submission, when in fact they are only mandatory for organizations that have received contributions exceeding specific thresholds within a fiscal year.
Lastly, the misconception that the list of officers, directors, and trustees must be submitted separately, even when this information is included in the IRS 990 forms that are attached, can lead to unnecessary duplication of effort.
By addressing these misconceptions, charitable organizations can improve their understanding of the filing requirements in Wisconsin, ensuring they remain compliant and able to effectively contribute to their causes.
Filing the Wisconsin form #1952 is crucial for registered charitable organizations soliciting contributions within the state. It helps maintain transparency and ensures compliance with local regulations. Here are key takeaways to remember when preparing and submitting this form:
Understanding these key aspects of the Wisconsin form #1952 ensures that charitable organizations can comply efficiently with state regulations, contributing to a transparent and responsible non-profit sector in Wisconsin.
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