Northeast Wisconsin Technical College Education Foundation is located in Green Bay, WI. The organization was established in 1970. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Wisconsin Technical College Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Northeast Wisconsin Technical College Education Foundation generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 12.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL SUPPORT TO THE COLLEGE & ITS STUDENTS THROUGH SCHOLARSHIPS & OTHER FINANCIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEARLY $1.3 MILLION WAS AWARDED IN SCHOLARSHIPS.
AROUND $900,000 WAS AWARDED IN PROGRAM SUPPORT THROUGH HUNGRY TO LEARN,SAFE TO STUDY, LEARNING POWER, AND STUDENT EMERGENCY FUND TO LIST A FEW.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tanessa Klug President | OfficerTrustee | 1 | $0 |
Joe Langer Vice President | OfficerTrustee | 1 | $0 |
Dan Verbanac Secretary/treasurer | OfficerTrustee | 1 | $0 |
Ace Champion Board Member | Trustee | 1 | $0 |
Lynn Dufrane Board Member | Trustee | 1 | $0 |
Terry Fulwiler Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,074,634 |
Noncash contributions included in lines 1a–1f | $131,631 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,074,634 |
Total Program Service Revenue | $0 |
Investment income | $98,111 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $214 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,182,856 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $929,694 |
Grants and other assistance to domestic individuals. | $1,295,425 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $16,950 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,811 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $210 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $5,175 |
Information technology | $20,778 |
Royalties | $0 |
Occupancy | $0 |
Travel | $465 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,897 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $8,713 |
All other expenses | $2,212 |
Total functional expenses | $2,316,141 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $899 |
Savings and temporary cash investments | $473,801 |
Pledges and grants receivable | $294,168 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $5,855,285 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $22,785 |
Total assets | $6,646,938 |
Accounts payable and accrued expenses | $15,150 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $15,150 |
Net assets without donor restrictions | $587,585 |
Net assets with donor restrictions | $6,044,203 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $6,646,938 |