Wisys Technology Foundation Inc
- Assets
- $3.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 42
- Location
- Madison, WI
- Founding
- 09/2001
- Data as of
- 06/2022
- EIN
- 39-1992463
Organization Overview
Wisys Technology Foundation Inc is located in Madison, WI. The organization was established in 2001. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Wisys Technology Foundation Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisys Technology 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, Wisys Technology Foundation Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 4.5% 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.
Since 2015, Wisys Technology Foundation Inc has awarded 42 individual grants totaling $1,030,007. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF WISYS IS SUPPORTING THE CREATION AND TRANSFER OF INNOVATIONS FROM THE UNIVERSITY OF WISCONSIN SYSTEM TO THE MARKETPLACE.
Describe the Organization's Program Activity:
PATENTING & LICENSING AND FACULTY & STUDENT OUTREACH: THE WISYS TECHNOLOGY FOUNDATION WAS ESTABLISHED IN MARCH 2000 TO PROVIDE TECHNOLOGY TRANSFER SERVICES FOR THE UNIVERSITY OF WISCONSIN CAMPUSES EXCLUDING THE UNIVERSITY OF WISCONSIN-MADISON AND UW-MILWAUKEE.DURING FISCAL 2021-22, WISYS REVIEWED 32 NEW INVENTION DISCLOSURES RECEIVED FROM UW-SYSTEM FACULTY AND STUDENTS AND ACCEPTED 8 OF THE DISCLOSURES FOR FURTHER STUDY AND PATENTING. DURING FISCAL 2021-22, WISYS APPLIED FOR 16 U.S. PATENTS AND DERIVATIVES. WISYS ALSO APPLIED FOR 1 NEW FOREIGN APPLICATION AND DERIVATIVE. IN ADDITION WISYS RECEIVED 6 U.S. ISSUED PATENTS. WISYS COMPLETED 3 NEW LICENSE AND OPTIONS AGREEMENTS AND 1 NEW MATERIAL TRANSFER AGREEMENT. WISYS OPERATES ITS OFFICES LOCATED AT 614 WALNUT STREET, 13TH FLOOR, MADISON, WISCONSIN WITH 10 PROFESSIONAL STAFF. IN ADDITION, AT JUNE 30, 2022, WISYS HAD 4 AMBASSADORS WORKING THROUGH THE VARIOUS UW CAMPUSES ALONG WITH 1 STUDENT INTERN.WISYS ACTS AS A TECHNOLOGY TRANSFER OFFICE PROVIDING SERVICES FOR UW SYSTEM INSTITUTIONS.
RESEARCH DEVELOPMENT PROGRAM: THE WISYS RESEARCH DEVELOPMENT PROGRAM (FORMERLY KNOWN AS PRE-AWARD PROGRAM, OR PREP) IS A MULTI-YEAR PILOT PROGRAM LAUNCHED IN JULY 2017 THAT AIMS TO PROVIDE GRANT SUBMISSION SUPPORT TO UW COMPREHENSIVE CAMPUSES ON A REGIONAL BASIS. THROUGH REGULAR VIRTUAL AND IN-PERSON VISITS, THE REGIONAL RESEARCH ADMINISTRATOR WILL BE AVAILABLE TO HELP BUILD CAPACITY AMONG RESEARCH ADMINISTRATORS AND FACULTY TO ENRICH UW SYSTEM RESEARCH AND SCHOLARSHIP AND, ULTIMATELY, THE UNDERGRADUATE STUDENT EXPERIENCE. THREE "FOUNDATIONAL GOALS" DEFINE THE HEART OF WISYS RESEACH DEVELOPMENT ONGOING ACTIVITY; EDUCATING AND COACHING FACULTY GRANT SEEKERS, STRENGTHENING CAMPUS RESEARCH CULTURE, AND DEVELOPING RESEARCH ADMINISTRATOR CAPACITIES. WISYS RESEARCH DEVELOPMENT IS DESIGNED TO BE INCLUSIVE, ENGAGING SENIOR ADMINISTRATORS, RESEARCH ADMINISTRATORS, AND FACULTY FROM ANY DISCIPLINE, HELPING TO BRIDGE GAPS IN KNOWLEDGE AND SKILLS AND IN CULTURE AND MOTIVATION IN ORDER TO SUSTAIN AND GROW LEVELS OF FACULTY INNOVATION.
TECHNOLOGY & BUSINESS DEVELOPMENT: THE TECHNOLOGY & BUSINESS DEVELOPMENT PROGRAM INCLUDES THE WISCONSIN BIG IDEA TOURNAMENT WHICH WAS ESTABLISHED TO HELP EXTEND THE WISCONSIN ENTREPRENEURIAL ECOSYSTEM TO UNIVERSITY OF WISCONSIN STUDENTS, WITH A GOAL TO IMPROVE THE OVERALL QUALITY OF BUSINESS STARTUP PERFORMANCE, ALONG WITH WISYS SCHOLAR/SCIENTIST AWARDS WHICH ARE DESIGNED TO HELP ACCELERATE THE CYCLE OF DEVELOPMENT AND COMMERCIALIZATION OF APPLIED AND TRANSLATIONAL RESEARCH.
WISYS SPARK SYMPOSIUM: THE 2021 WISYS SPARK SYMPOSIUM (SPARK) WAS JOINTLY ORGANIZED BY WISYS AND UW-LACROSSE TO BRING TOGETHER INNOVATIVE RESEARCHERS AND STUDENTS FROM THE UNIVERSITY OF WISCONSIN SYSTEM AND OTHER PUBLIC AND PRIVATE ORGANIZATIONS. SPARK ALLOWS UW COMPREHENSIVE INSTITUTIONS TO SHOWCASE THEIR RESEARCH AND TECHNOLOGY DEVELOPMENT AS WELL AS ENGAGE IN DISCUSSIONS FOR DEVELOPMENT OF COLLABORATIVE PARTNERSHIPS WITH OTHER UW CAMPUS RESEARCHERS, STUDENTS AND INDUSTRY PROFESSIONALS FROM AROUND THE STATE. THIS YEAR'S IN-PERSON ATTENDANCE WAS 170 PARTICIPANTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arjun Sanga President | OfficerTrustee | 40 | $262,137 |
Toni Sikes Trustee/vice Chair - Until 5/27/22 | OfficerTrustee | 1 | $0 |
David Ward Trustee/chair | OfficerTrustee | 1 | $0 |
Lorrie Keating-Heinemann Trustee/secretary - Until 5/27/22 | OfficerTrustee | 1 | $0 |
Erik Iverson Trustee/treasurer | OfficerTrustee | 1 | $0 |
Alex Shima Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,412,496 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,412,496 |
| Total Program Service Revenue | $524,411 |
| Investment income | $62,281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $74,404 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,073,604 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $104,187 |
| 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. | $231,078 |
| Compensation of current officers, directors, key employees. | $231,078 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $679,045 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $341,051 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $188,164 |
| Fees for services: Accounting | $20,117 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,719 |
| Fees for services: Other | $50,798 |
| Advertising and promotion | $25,365 |
| Office expenses | $26,832 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,682 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $34,893 |
| All other expenses | $6,408 |
| Total functional expenses | $1,829,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $451,312 |
| Savings and temporary cash investments | $160,787 |
| Pledges and grants receivable | $200,000 |
| Accounts receivable, net | $715,504 |
| 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 | $3,160 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,414,302 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,945,065 |
| Accounts payable and accrued expenses | $612,728 |
| 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 | $206,691 |
| Total liabilities | $819,419 |
| Net assets without donor restrictions | $2,768,874 |
| Net assets with donor restrictions | $356,772 |
| 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 | $3,945,065 |
Grants Awarded
Over the last fiscal year, Wisys Technology Foundation Inc has awarded $104,187 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UW-GREEN BAY PURPOSE: CAMPUS AND SCIENTIST GRANT, SPARK GRANT. SEE PART IV FOR DETAIL. | $40,309 |
UW-PARKSIDE PURPOSE: LAUNCH GRANT, SPARK GRANT. SEE PART IV FOR DETAIL | $22,427 |
UW-OSHKOSH PURPOSE: LAUNCH GRANT. SEE PART IV FOR DETAIL. | $15,656 |
UW-PLATTEVILLE PURPOSE: SPARK GRANT. SEE PART IV FOR DETAIL. | $10,000 |
UW-WHITEWATER PURPOSE: SPARK GRANT. SEE PART IV FOR DETAIL. | $10,000 |
UW-RIVER FALLS PURPOSE: SPARK GRANT. SEE PART IV FOR DETAIL. | $5,795 |
Endowment Analysis
| Beg. Balance | $593,092 |
| Earnings | -$90,580 |
| Net Contributions | $77,324 |
| Ending Balance | $579,836 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverbend Head Start Delegate Inc Alton, IL | $2,230,032 | $11,645,370 |
Integrity Educational Services Grand Rapids, MI | $1,165,431 | $9,051,642 |
Academy For Urban School Leadership Chicago, IL | $9,385,123 | $10,302,671 |
Primo Center For Women And Children Chicago, IL | $5,281,489 | $8,337,109 |
Wallin Education Partners St Paul, MN | $25,848,040 | $10,926,258 |
North Chicago Education Fund Chicago, IL | $29,249,144 | $33,611 |
New American Development Center Minneapolis, MN | $3,930,676 | $9,122,032 |
Bluesky Charter School Bloomington, MN | $6,912,497 | $6,906,603 |
Us Math Recovery Council Eagan, MN | $3,296,483 | $6,771,005 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
First Steps Kent Grand Rapids, MI | $2,604,123 | $6,363,440 |
Rockford Rescue Mission Ministries Rockford, IL | $21,367,986 | $9,020,470 |