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Nonprofiteer
← CHIPPEWA VALLEY TECHNICAL COLLEGE FOUNDATION INC

Form 990 for tax year 2024

Filed by CHIPPEWA VALLEY TECHNICAL COLLEGE FOUNDATION INC.

Totals

Total revenue
$2,471,428
Total expenses
$2,440,352
Contributions and grants received
$2,137,517
Grants paid
$1,852,822
Program service revenue
$107,240
Investment income
$238,628
Other revenue
-$11,957
Total assets, end of year
$7,340,456
Total liabilities, end of year
$11,576
Net assets or fund balances, end of year
$7,328,880
Program services expenses (Part IX)
$2,067,896
Management and general expenses
$369,811
Fundraising expenses
$2,645
Program service expenses (Part III)
$2,067,896

Program services were 84.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $20,000

  • 1c · Fundraising events

    $135,954

  • 1e · Government grants (contributions)

    $10,917

  • 1f · All other contributions, gifts and grants

    $1,970,646

  • 1g · Noncash contributions included above

    $133,984

  • 2a · Program service revenue: ADMINISTRATIVE FEE

    total $107,240 · related or exempt $107,240

  • 3 · Investment income

    total $203,173 · excluded $203,173

  • 7a · Gross sales of assets other than inventory

    securities $35,455

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $35,455

  • 7d · Net gain or loss

    total $35,455 · excluded $35,455

  • 8a · Fundraising events: gross income

    $7,970

  • 8a · Fundraising events: contributions included on line 1c

    $135,954

  • 8b · Fundraising events: direct expenses

    $19,927

  • 8c · Net income from fundraising events

    total -$11,957 · excluded -$11,957

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $539,020 · program services $539,020

  • 2 · Grants to domestic individuals

    total $1,313,802 · program services $1,313,802

  • 11a · Fees: management

    total $108,750 · program services $108,750

  • 11c · Fees: accounting

    total $16,991 · management and general $16,991

  • 11g · Fees: other

    total $81,769 · program services $81,769

  • 13 · Office expenses

    total $355,465 · management and general $352,820 · fundraising $2,645

  • 19 · Conferences, conventions and meetings

    total $24,555 · program services $24,555

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,070 · end of year $22,288

  • 2 · Savings and temporary cash investments

    beginning of year $375,687 · end of year $131,521

  • 3 · Pledges and grants receivable

    beginning of year $282,403 · end of year $140,238

  • 11 · Investments: publicly traded securities

    beginning of year $6,092,893 · end of year $7,046,409

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,871 · end of year $11,576

  • 27 · Net assets without donor restrictions

    beginning of year $1,679,596 · end of year $1,496,425

  • 28 · Net assets with donor restrictions

    beginning of year $5,073,586 · end of year $5,832,455

Mission and programs · 2024

Mission

CHIPPEWA VALLEY TECHNICAL COLLEGE FOUNDATION, INC. EXISTS TO ENHANCE THE VISION AND MISSION OF THE CHIPPEWA VALLEY TECHNICAL COLLEGE WHICH IS TO DELIVER INNOVATIVE AND APPLIED EDUCATION THAT SUPPORTS THE WORKFORCE NEEDS OF THE REGION, IMPROVE THE LIVES OF STUDENTS, AND ADD VALUE TO THE COMMUNITIES THE COLLEGE SERVES.

Activities or mission (Part I)

TO ASSIST THE CHIPPEWA VALLEY TECHNICAL COLLEGE IN CARRYING OUT ITS MISSION OF PROVIDING POSTSECONDARY OCCUPATIONAL EDUCATION AND TRAINING AS WELL AS OTHER COMMUNITY SERVICES TO THE RESIDENTS OF THE COUNTIES, MUNICIPALITIES, AND SCHOOL DISTRICTS WITHIN ITS DISTRICT BOUNDARIES. TO THIS END, THE ACTIVITIES OF CHIPPEWA VALLEY TECHNICAL COLLEGE FOUNDATION MAY INCLUDE, BUT ARE NOT LIMITED TO, ASSISTING THE CHIPPEWA VALLEY TECHNICAL COLLEGE IN: PURCHASING, LEASING, AND MANAGING LAND; CONSTRUCTING, PURCHASING, LEASING, AND MANAGING FACILITIES AND EQUIPMENT; PROVIDING FINANCIAL AID AND ASSISTANCE TO STUDENTS AT ALL OF ITS CAMPUSES; OFFERING PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO ITS EMPLOYEES; AND SUPPORTING ECONOMIC DEVELOPMENT IN ITS DISTRICT.

  • SCHOLARSHIPS AND GRANTS - SECURING RESOURCES WHICH PROVIDE STUDENT SCHOLARSHIPS. DURING FISCAL YEAR 2025, 999 SCHOLARSHIPS WERE AWARDED.

    Expenses $1,313,802 · Grants $1,313,802

  • PROGRAM SERVICES - OTHER - CHIPPEWA VALLEY TECHNICAL COLLEGE FOUNDATION, INC. EXISTS TO ENHANCE THE VISION AND MISSION OF THE CHIPPEWA VALLEY TECHNICAL COLLEGE. THIS TASK IS ACCOMPLISHED BY SECURING RESOURCES WHICH WILL PROVIDE STUDENT SCHOLARSHIPS, SUPPORT STAFF INITIATIVES, INVEST IN TECHNOLOGY, AND PROVIDE FOR ONGOING FACILITY DEVELOPMENT. CHIPPEWA VALLEY TECHNICAL COLLEGE FOUNDATION, INC., ENGAGES VOLUNTEERS AND STAFF IN BUILDING A PHILANTHROPIC CULTURE THROUGH CULTIVATING FRIENDS AND ALUMNI, RAISING FUNDS, PROVIDING STUDENT SCHOLARSHIPS, AND MANAGING THE RESOURCES INVESTED BY THE FOUNDATION FOR CHIPPEWA VALLEY TECHNICAL COLLEGE.

    Expenses $754,094 · Grants $539,020 · Revenue $107,240

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin Renley

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Tracey Smiskey

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jamey Bowe

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Therese Perschall

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kelly Bakken

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Megan Bollman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nathan Deutscher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christopher Fullarton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Scott Hoffman

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Bruce Holzmann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gordon Howie

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • David Leisses

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sheri Scheidler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tyler A Tomesh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Kohler

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    8

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART VII SECTION A, LINE 5
CHIPPEWA VALLEY TECHNICAL COLLEGE, AN UNRELATED ORGANIZATION FOR IRS PURPOSES, EMPLOYED AND PAID COMPENSATION TO THE FOUNDATION EXECUTIVE DIRECTOR, KAREN KOHLER, FOR SERVICES PERFORMED FOR THE FOUNDATION. THESE SERVICES ARE DONATED AS IN-KIND TO THE FOUNDATION. REPORTABLE WAGES - $123,269.81, NON-TAXABLE BENEFITS - $40,026.80, EMPLOYER RETIREMENT - $9,061.45

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • CHIPPEWA VALLEY TECHNICAL COLLEGE

    $435,618

    PROGRAM SUPPORT

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202513149349305931

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