Western Wisconsin Technical College Foundation Inc
- Assets
- $9.5m
- Revenue
- $1.3m
- Investments
- $6.4k
- Employees
- 0
- Location
- La Crosse, WI
- Founding
- 08/1974
- Data as of
- 06/2021
- EIN
- 23-7364361
Organization Overview
Western Wisconsin Technical College Foundation Inc is located in La Crosse, WI. The organization was established in 1974. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Wisconsin Technical College Foundation Inc 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 06/2021, Western Wisconsin Technical College Foundation Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $811.5k during the year ending 06/2021. While expenses have increased by 5.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WESTERN TECHNICAL COLLEGE FOUNDATION EXISTS TO SUPPORT, PROMOTE, AND FACILITATE THE ACTIVITIES OF WESTERN TECHNICAL COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT, PROMOTE, AND FACILITATE THE ACTIVITIES OF WESTERN TECHNICAL COLLEGE.
SUPPORT, PROMOTE, AND FACILITATE THE ACTIVITIES OF WESTERN TECHNICAL COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Strom Vice Preside | OfficerTrustee | 1 | $0 |
Jackie Gerke-Edwards Secretary | OfficerTrustee | 1 | $0 |
Debra Johnson Treasurer | OfficerTrustee | 1 | $0 |
Jeff Wieser President | OfficerTrustee | 1 | $0 |
Michael Swenson Executive Di | Officer | 40 | $0 |
Jerry Bisinger Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $679,327 |
| Investment income | $116,292 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $543,594 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,339,223 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| 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 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,836 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,555 |
| Advertising and promotion | $795 |
| Office expenses | $4,762 |
| Information technology | $30,353 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,831 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,298 |
| All other expenses | $0 |
| Total functional expenses | $811,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,314 |
| Savings and temporary cash investments | $51,479 |
| Pledges and grants receivable | $444,858 |
| Accounts receivable, net | $2,836 |
| 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 |
| Investments—publicly traded securities | $8,752,161 |
| Investments—other securities | $6,407 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,517,055 |
| Accounts payable and accrued expenses | $2,257 |
| Grants payable | $0 |
| Deferred revenue | $222 |
| 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 | $375,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,924 |
| Total liabilities | $380,403 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $9,136,652 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Western Wisconsin Technical College Foundation Inc has recieved totaling $58,140.
| Awarding Organization | Amount |
|---|---|
Lacrosse Community Foundation La Crosse, WI PURPOSE: EDUCATION AND SCHOLA | $53,140 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: EDUCATION GRANT | $4,000 |
Frank G Andres Charitable Trust 1001 Superior Ave Tomah, WI PURPOSE: EQUIPMENT | $1,000 |
Endowment Analysis
| Beg. Balance | $6,053,493 |
| Earnings | $1,870,220 |
| Admin Expense | $119,024 |
| Net Contributions | $419,654 |
| Other Expense | $160,669 |
| Ending Balance | $8,063,674 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |
Concordia University Chicago River Forest, IL | $86,542,696 | $102,736,797 |
Concordia University St Paul St Paul, MN | $168,274,815 | $110,114,191 |
North Park University Chicago, IL | $342,334,574 | $94,494,659 |
Andrews Academy Berrien Springs, MI | $217,758,414 | $91,457,423 |
Lawrence Technological University Southfield, MI | $206,424,495 | $77,203,633 |
Northwood University Midland, MI | $206,640,197 | $67,719,695 |
University Of St Francis Joliet, IL | $100,705,114 | $74,870,772 |
Loras College Dubuque, IA | $125,505,314 | $75,361,809 |
Madonna University Livonia, MI | $137,754,310 | $64,155,252 |
Aquinas College Inc Grand Rapids, MI | $134,653,902 | $57,861,871 |
Spring Arbor University Spring Arbor, MI | $117,706,711 | $70,872,846 |