Southwest Wisconsin Technical College Foundation Inc
- Assets
- $6.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Fennimore, WI
- Founding
- 06/1981
- Data as of
- 06/2022
- EIN
- 39-1828080
Organization Overview
Southwest Wisconsin Technical College Foundation Inc is located in Fennimore, WI. The organization was established in 1981. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Southwest 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 06/2022, Southwest Wisconsin Technical College Foundation Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $716.2k 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
PROVIDE SCHOLARSHIPS & ASSISTANCE TO STUDENTS & FACULTY OF SOUTHWEST WI TECHNICAL COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTHWEST WISCONSIN TECHNICAL COLLEGE FOUNDATION ANNUALLY AWARDS SCHOLARSHIPS AND PROVIDES EMERGENCY GRANTS, STUDENT SUPPORT FUNDS, AND ACADEMIC PROGRAM SUPPORT TO SOUTHWEST TECH STUDENTS. IN ADDITION, PROFESSIONAL DEVELOPMENT FUNDS ARE PROVIDED TO SOUTHWEST TECH FACULTY, STAFF AND ADMINISTRATION AS WELL AS FUNDING FOR CAPITAL PROJECTS AND COLLEGE PRIORITY PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Schmelz Executive Director | Officer | 40 | $76,025 |
Lisa Gotzinger Vice President | OfficerTrustee | 1 | $0 |
Theresa Braudt President | OfficerTrustee | 1 | $0 |
Jerry Brunner Treasurer | OfficerTrustee | 1 | $0 |
Debbie Johnson Director | Trustee | 1 | $0 |
Aaron Kleeman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $106,678 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,828,097 |
| Noncash contributions included in lines 1a–1f | $608,026 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,934,775 |
| Total Program Service Revenue | $14,128 |
| Investment income | $124,731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $346,909 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,328 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,423,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $281,216 |
| Grants and other assistance to domestic individuals. | $362,912 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,492 |
| Fees for services: Other | $1,177 |
| Advertising and promotion | $398 |
| Office expenses | $28,711 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $210 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,427 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,149 |
| All other expenses | $0 |
| Total functional expenses | $716,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,053 |
| Savings and temporary cash investments | $969,013 |
| Pledges and grants receivable | $477,534 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,413,530 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,863,130 |
| Accounts payable and accrued expenses | $8,841 |
| 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 | $8,841 |
| Net assets without donor restrictions | $79,564 |
| Net assets with donor restrictions | $6,774,725 |
| 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 | $6,863,130 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Southwest Wisconsin Technical College Foundation Inc has recieved totaling $38,614.
| Awarding Organization | Amount |
|---|---|
Madison Community Foundation Madison, WI PURPOSE: SCHOLARSHIP AWARDS | $18,000 |
Madison Community Foundation Madison, WI PURPOSE: SCHOLARSHIP AWARDS | $18,000 |
Dupaco Rw Hoefer Foundation Dubuque, IA PURPOSE: NEEDS BASED | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $114 |
Endowment Analysis
| Beg. Balance | $5,575,293 |
| Earnings | -$949,304 |
| Admin Expense | $68,567 |
| Net Contributions | $449,680 |
| Other Expense | -$7,377 |
| Grants | $157,983 |
| Ending Balance | $4,856,496 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Michigan University Foundation Kalamazoo, MI | $431,026,780 | $43,479,998 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grand Rapids Community College Foundation Grand Rapids, MI | $37,079,013 | $9,829,978 |