Wisconsin Technology Council Inc
- Assets
- $503.3k
- Revenue
- $968.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Madison, WI
- Founding
- 07/2001
- Data as of
- 06/2021
- EIN
- 39-2014812
Organization Overview
Wisconsin Technology Council Inc is located in Madison, WI. The organization was established in 2001. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Wisconsin Technology Council Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Technology Council 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 Technology Council Inc generated $968.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $953.6k during the year ending 06/2021. 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
DEVELOPMENT AND RETENTION OF SCIENCE AND TECH-BASED BUSINESSES IN WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLICY GUIDANCE - A CORE PURPOSE OF THE TECH COUNCIL IS TO PROVIDE POLICY ADVICE TO THE GOVERNOR, THE LEGISLATURE, STATE AGENCIES, AND OTHERS ON HOW TO ENHANCE WISCONSIN'S TECH-BASED ECONOMY. THIS INCLUDES PREPARATION OF REPORTS, NEWS RELEASES, SURVEYS, TESTIMONY AND MORE TO INFORM THOSE POLICY MAKERS AS WELL AS THE PUBLIC ABOUT MAJOR ISSUES AFFECTING THE TECH ECONOMY.
TECH COUNCIL INNOVATION NETWORK - 30 IN-PERSON AND VIRTUAL EVENTS HELD AROUND WISCONSIN ON VARYING TIMELY TOPICS: MADISON AREA, MILWAUKEE AREA, THE FOX VALLEY, THE CHIPPEWA VALLEY, WESTERN WISCONSIN AND NORTHWEST WISCONSIN ARE RECURRING LOCATIONS.
TECH COUNCIL INVESTOR NETWORKS - BUILT ANGEL NETWORK AND VENTURE CAPITAL CAPACITY THROUGHOUT WISCONSIN IN ORDER TO INCREASE THE NUMBER AND AMOUNT OF SEED-STAGE EQUITY INVESTMENTS IN WISCONSIN COMPANIES, THUS CREATING JOBS AND IMPROVING THE ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Still President | OfficerTrustee | 40 | $237,121 |
Ilke Panzer Board Vice Chair | OfficerTrustee | 1 | $0 |
Derek Matzke Board Treasurer | OfficerTrustee | 1 | $0 |
Gary Frings Secretary | OfficerTrustee | 1 | $0 |
Greg Lynch Board Chair | OfficerTrustee | 1 | $0 |
Tom Aaby Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,346 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $442,613 |
| 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 | $487,959 |
| Total Program Service Revenue | $480,843 |
| Investment income | $101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $968,903 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,830 |
| Grants and other assistance to domestic individuals. | $2,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $238,340 |
| Compensation of current officers, directors, key employees. | $23,834 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,128 |
| Payroll taxes | $30,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,819 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,138 |
| Advertising and promotion | $1,487 |
| Office expenses | $13,240 |
| Information technology | $5,880 |
| Royalties | $0 |
| Occupancy | $35,105 |
| Travel | $5,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $208,531 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,251 |
| All other expenses | $0 |
| Total functional expenses | $953,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,585 |
| Savings and temporary cash investments | $213,496 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,352 |
| 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 | $6,913 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000 |
| Total assets | $503,346 |
| Accounts payable and accrued expenses | $39,226 |
| Grants payable | $0 |
| Deferred revenue | $110,872 |
| 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 | $150,098 |
| Net assets without donor restrictions | $353,248 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $503,346 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wisconsin Technology Council Inc has recieved totaling $5,293.
| Awarding Organization | Amount |
|---|---|
Perkins Coie Foundation Seattle, WA PURPOSE: 2021 WISCONSIN'S WOMEN RECEPTION | $5,293 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Invest Detroit Foundation Detroit, MI | $154,389,743 | $12,808,930 |
Chicago Convention & Tourism Bureau Inc Chicago, IL | $13,640,210 | $19,015,508 |
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
Southern Minnesota Initiative Foundation Owatonna, MN | $74,043,196 | $20,001,758 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Metropolitan Detroit Convention & Vistors Bureau Detroit, MI | $36,765,048 | $14,015,809 |
Detroit Economic Growth Corp Detroit, MI | $7,209,211 | $10,420,774 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |