Wisconsin Technical College System Foundation Inc
- Assets
- $7.2m
- Revenue
- $1.5m
- Investments
- $13.8k
- Employees
- 10
- Location
- Madison, WI
- Founding
- 01/1978
- Data as of
- 06/2021
- EIN
- 39-1273103
Organization Overview
Wisconsin Technical College System Foundation Inc is located in Madison, WI. The organization was established in 1978. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Wisconsin Technical College System Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Technical College System 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, Wisconsin Technical College System Foundation Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. 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
PROVIDE VARIOUS PROGRAMS FOR THE BENEFIT OF CAREER, TECHNICAL, AND ADULT EDUCATION IN WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WISCONSIN TECHNICAL COLLEGE SYSTEM FOUNDATION'S INSTRUCTIONAL DESIGN AND PLANNING PROGRAM DEVELOPS AND IMPLEMENTS CURRICULUM DESIGN SOFTWARE AND MATERIALS AND PROVIDES CURRICULUM DEVELOPMENT TRAINING AND CONSULTING FOR THE WISCONSIN TECHNICAL COLLEGE SYSTEM (WTCS), WISCONSIN'S TECHNICAL COLLEGES, AND OTHER INSTITUTIONS AND EDUCATIONAL PROGRAMS.
WISCONSIN TECHNICAL COLLEGE SYSTEM FOUNDATION ACQUIRES AND DEVELOPS VIDEO-BASED COURSES, INTERACTIVE VIDEO COURSEWARE, AND OTHER INSTRUCTIONAL MATERIALS, AND DISTRIBUTES VIDEO TRAINING MATERIALS.
WISCONSIN TECHNICAL COLLEGE SYSTEM FOUNDATION ACQUIRES AND DEVELOPS VIDEO-BASED COURSES, INTERACTIVE VIDEO COURSEWARE, AND OTHER INSTRUCTIONAL MATERIALS, AND DISTRIBUTES VIDEO TRAINING MATERIALS.
WISCONSIN TECHNICAL COLLEGE SYSTEM FOUNDATION MAKES MISSION-RELATED PRODUCT AND MONETARY GIFTS INCLUDING, FOR EXAMPLE, PROVIDING MATH COURSES TO WISCONSIN ADULTS SEEKING CAREERS IN THE APPRENTICESHIP-BASED TRADES, AND PROVIDING MONETARY GIFTS TO THE WISCONSIN TECHNICAL COLLEGE SYSTEM IN SUPPORT OF ITS STATEWIDE STUDENT AMBASSADOR LEADERSHIP DEVELOPMENT PROGRAM AND ENHANCED STATEWIDE COMMUNICATIONS CAPABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Clancy President | OfficerTrustee | 5 | $0 |
Edward Chin Vice President | OfficerTrustee | 2 | $0 |
Robert Sorensen Treasurer | OfficerTrustee | 2 | $0 |
Paul Nelson Secretary | OfficerTrustee | 2 | $0 |
Linda Stewart Director | Trustee | 2 | $0 |
Wendy Wink Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,500 |
| Investment income | $213,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $47,005 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $995,186 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,498,112 |
| 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. | $201,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $928,167 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $90,355 |
| Payroll taxes | $63,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,200 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $319 |
| Advertising and promotion | $674 |
| Office expenses | $48,433 |
| Information technology | $12,112 |
| Royalties | $0 |
| Occupancy | $27,603 |
| Travel | $340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,790 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,676 |
| Insurance | $65,999 |
| All other expenses | $0 |
| Total functional expenses | $1,554,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $575,749 |
| Savings and temporary cash investments | $202,488 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $217,727 |
| 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 | $32,736 |
| Investments—publicly traded securities | $5,146,371 |
| Investments—other securities | $13,842 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $275,706 |
| Total assets | $7,183,730 |
| Accounts payable and accrued expenses | $441,326 |
| Grants payable | $0 |
| Deferred revenue | $188,515 |
| 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 | $629,841 |
| 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 | $6,553,889 |
Grants Awarded
Over the last fiscal year, Wisconsin Technical College System Foundation Inc has awarded $67,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WISCONSIN TECHNICAL COLLEGE SYSTEM PURPOSE: TO SUPPORT THE WTCS AMBASSADOR PROGRAM | $12,500 |
WISCONSIN TECHNICAL COLLEGE SYSTEM PURPOSE: TO SUPPORT WTCS STRATEGIC COMMUNICATIONS CAPABILITY | $25,000 |
WISCONSIN TECHNICAL COLLEGE SYSTEM PURPOSE: TO SUPPORT WTCS ONGOING COMMUNICATIONS EFFORTS | $30,000 |