Northcentral Technical College Foundation Inc
- Assets
- $9.3m
- Revenue
- $924.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Wausau, WI
- Founding
- 05/1977
- Data as of
- 06/2022
- EIN
- 39-1266481
Organization Overview
Northcentral Technical College Foundation Inc is located in Wausau, WI. The organization was established in 1977. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Northcentral 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 06/2022, Northcentral Technical College Foundation Inc generated $924.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $981.1k during the year ending 06/2022. 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
THE NTC FOUNDATION DEVELOPS RELATIONSHIPS THAT ENABLE INDIVIDUALS, BUSINESSES AND THE COMMUNITY TO ADVOCATE FOR AND PROVIDE RESOURCES IN SUPPORT OF NORTHCENTRAL TECHNICAL COLLEGE IN ACCOMPLISHING ITS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS AND DIRECT FINANCIAL ASSISTANCE TO STUDENTS ENROLLED ON ALL CREDENTIALS CONFERRED BY NORTHCENTRAL TECHNICAL COLLEGE. IN 2021, THE FOUNDATION FUNDED SCHOLARSHIPS FOR 898 STUDENTS.
PROVIDE SUPPLEMENTAL FUNDING FOR NORTHCENTRAL TECHNICAL COLLEGE EDUCATIONAL PROGRAMS AND FIXED ASSET ACQUISITIONS USED TO SUPPORT THE NTC CURRICULUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John F Heisler Vice President | OfficerTrustee | 1 | $0 |
Janet Felch President | OfficerTrustee | 1 | $0 |
Kent A Johnson Secretary | OfficerTrustee | 1 | $0 |
John Tubbs Treasurer | OfficerTrustee | 1 | $0 |
Vicki Jeppesen Executive Director | Officer | 1 | $0 |
Brian Baumgart CPA Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,300 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $784,241 |
| Noncash contributions included in lines 1a–1f | $10,158 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $802,541 |
| Total Program Service Revenue | $0 |
| Investment income | $143,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$75,382 |
| Net Income from Fundraising Events | $4,022 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $924,874 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $147,653 |
| Grants and other assistance to domestic individuals. | $655,146 |
| 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 | $100,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,816 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,201 |
| Information technology | $15,990 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,333 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,276 |
| All other expenses | $0 |
| Total functional expenses | $981,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,734 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $69,985 |
| Accounts receivable, net | $1,800 |
| 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 | $8,355,891 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $403,786 |
| Total assets | $9,277,196 |
| Accounts payable and accrued expenses | $16 |
| Grants payable | $266,280 |
| 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 | $642,211 |
| Total liabilities | $908,507 |
| Net assets without donor restrictions | $289,294 |
| Net assets with donor restrictions | $8,079,395 |
| 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 | $9,277,196 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Northcentral Technical College Foundation Inc has recieved totaling $13,400.
| Awarding Organization | Amount |
|---|---|
E F Jablonski Family Foudation Inc Snohomish, WA PURPOSE: GENERAL SUPPORT | $10,000 |
Park City Cares Foundation Merrill, WI PURPOSE: FABRICATION LAB DONATION FOR EQUIPMENT FOR STUDENTS | $3,400 |
Endowment Analysis
| Beg. Balance | $6,455,768 |
| Earnings | -$818,966 |
| Admin Expense | $76,519 |
| Net Contributions | $364,444 |
| Other Expense | -$56,780 |
| Grants | $207,613 |
| Ending Balance | $5,773,894 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |