Form 990 for tax year 2023
Filed by WISCONSIN TECHNOLOGY COUNCIL INC.
Totals
- Total revenue
- $1,012,103
- Total expenses
- $1,059,186
- Contributions and grants received
- $648,854
- Grants paid
- $0
- Program service revenue
- $357,195
- Investment income
- $3,426
- Other revenue
- $2,628
- Total assets, end of year
- $294,027
- Total liabilities, end of year
- $135,076
- Net assets or fund balances, end of year
- $158,951
- Program services expenses (Part IX)
- $842,320
- Management and general expenses
- $134,808
- Fundraising expenses
- $82,058
- Program service expenses (Part III)
- $842,320
Program services were 79.5% 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.
-
1b · Membership dues
$143,876
-
1c · Fundraising events
$2,670
-
1e · Government grants (contributions)
$498,708
-
1f · All other contributions, gifts and grants
$3,600
-
1g · Noncash contributions included above
$3,600
-
2a · Program service revenue: EVENT SPONSORSHIP
total $300,060 · related or exempt $300,060
-
2b · Program service revenue: REGISTRATION FEES
total $57,135 · related or exempt $57,135
-
3 · Investment income
total $3,426 · excluded $3,426
-
8a · Fundraising events: gross income
$10,801
-
8a · Fundraising events: contributions included on line 1c
$2,670
-
8b · Fundraising events: direct expenses
$8,173
-
8c · Net income from fundraising events
total $2,628 · excluded $2,628
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $284,248 · program services $227,398 · management and general $28,425 · fundraising $28,425
-
7 · Other salaries and wages
total $210,711 · program services $168,569 · management and general $21,071 · fundraising $21,071
-
8 · Pension plan contributions
total $4,292 · program services $3,434 · management and general $429 · fundraising $429
-
9 · Other employee benefits
total $5,680 · program services $4,544 · management and general $568 · fundraising $568
-
10 · Payroll taxes
total $28,198 · program services $22,558 · management and general $2,820 · fundraising $2,820
-
11c · Fees: accounting
total $52,751 · management and general $52,751
-
11g · Fees: other
total $64,750 · program services $51,800 · management and general $6,475 · fundraising $6,475
-
12 · Advertising and promotion
total $8,578 · program services $8,300 · management and general $139 · fundraising $139
-
13 · Office expenses
total $31,686 · program services $28,550 · management and general $1,568 · fundraising $1,568
-
14 · Information technology
total $12,973 · program services $10,379 · management and general $1,297 · fundraising $1,297
-
16 · Occupancy
total $111,179 · program services $101,277 · management and general $4,951 · fundraising $4,951
-
17 · Travel
total $13,538 · program services $10,830 · management and general $1,354 · fundraising $1,354
-
19 · Conferences, conventions and meetings
total $214,415 · program services $191,731 · management and general $11,342 · fundraising $11,342
-
22 · Depreciation, depletion and amortization
total $1,442 · program services $1,154 · management and general $144 · fundraising $144
-
23 · Insurance
total $3,833 · program services $3,067 · management and general $383 · fundraising $383
-
24a · Other expenses: CREDIT CARD MERCHANT FE
total $8,088 · program services $6,470 · management and general $809 · fundraising $809
-
24b · Other expenses: DUES AND MEMBERSHIP
total $887 · program services $709 · management and general $89 · fundraising $89
-
24e · All other expenses
total $1,937 · program services $1,550 · management and general $193 · fundraising $194
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $137,006 · end of year $19,982
-
2 · Savings and temporary cash investments
beginning of year $130,108 · end of year $80,428
-
4 · Accounts receivable
beginning of year $120,515 · end of year $179,255
-
9 · Prepaid expenses and deferred charges
beginning of year $7,253 · end of year $7,253
-
10a · Land, buildings and equipment: cost or other basis
$29,525
-
10b · Land, buildings and equipment: accumulated depreciation
$26,416
-
10c · Land, buildings and equipment, net
beginning of year $4,552 · end of year $3,109
-
15 · Other assets
beginning of year $4,000 · end of year $4,000
-
17 · Accounts payable and accrued expenses
beginning of year $15,271 · end of year $30,761
-
19 · Deferred revenue
beginning of year $182,129 · end of year $104,315
-
27 · Net assets without donor restrictions
beginning of year $206,034 · end of year $158,951
Mission and programs · 2023
Mission
TO LEAD WISCONSIN IN DEVELOPMENT AND RETENTION OF SCIENCE AND TECH-BASED BUSINESSES AND TO PROVIDE POLICY GUIDANCE TO LAWMAKERS, THE GOVERNOR OF WISCONSIN, STATE AGENCIES, AND OTHER INSTITUTIONS.
Activities or mission (Part I)
DEVELOPMENT AND RETENTION OF SCIENCE AND TECH-BASED BUSINESSES IN WISCONSIN.
-
THE STATE OF WISCONSIN INITIATIVE TO FAST TRACK ENTREPRENEURS, OR SWIFT, CONNECTS ENTREPRENEURS OF ALL TYPES NOT JUST TECH-BASED WITH RESOURCES, ADVICE AND NETWORKING THROUGH THE TECH COUNCIL AND OTHERS TO HELP THEM SUCCEED. FIVE EVENTS WERE HELD IN THIS FISCAL YEAR AT LOCATIONS WITH LESS POPULATION DENSITY THAN THE TECH COUNCIL'S LARGER EVENTS.
Expenses $266,177
-
WISCONSIN EARLY STAGE SYMPOSIUM - OPEN TO TECHNOLOGY COMPANIES SEEKING ALL TYPES OF CAPITAL, THE TECH COUNCIL'S ANNUAL INVESTMENT ORIENTED CONFERENCE IS HELD IN NOVEMBER FOR 350 TO 400 ATTENDEES.
Expenses $184,149 · Revenue $127,716
-
WISCONSIN ENTREPRENEURS' CONFERENCE THIS ANNUAL CONFERENCE IN JUNE ATTRACTS ABOUT 300 PEOPLE AND FOCUSES IN STIMULATING MORE ENTREPRENEURIAL ACTIVITY, ESPECIALLY WITH YOUNG, PRE-REVENUE, OFTEN PRE-INVESTMENT COMPANIES. IT IS WHERE THE WISCONSIN GOVERNOR'S BUSINESS PLAN CONTEST AND THE WISCONSIN YES CONTEST CULMINATED DURING THE TAX YEAR.
Expenses $168,338 · Revenue $89,899
-
TECH COUNCIL INNOVATION NETWORK HELD 30 INPERSON AND VIRTUAL EVENTS HELD AROUND WISCONSIN ON VARYING TIMELY TOPICS: MADISON AREA, MILWAUKEE AREA, THE FOX VALLEY, THE CHIPPEWA VALLEY, WESTERN WISCONSIN AND NORTHWWEST WISCONISN ARE RECURRING LOCATIONS.
Expenses $87,763 · Revenue $65,692
-
VARIOUS OTHER PROGRAMS AND EVENTS INCLUDING INVESTOR HALL OF FAME AND WOMEN'S RECEPTIONS.
Expenses $36,379 · Revenue $10,464
-
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.
-
WISCONSIN TECH SUMMIT - THE TECH SUMMIT IS A CONTROLLED MATCHMAKING EVENT THAT BRINGS TOGETHER MAJOR COMPANIES AND EMERGING FIRMS, ALLOWING THEM TO BUILD BUSINESS RELATIONSHIPS AROUND TECHNOLOGY NEEDS AND INNOVATION. MAJOR COMPANIES HAVE ALSO INVESTED IN EMERGING COMPANIES. THERE WERE 220 PARTICIPANTS IN THE TAX YEAR, WITH 22 MAJOR COMPANIES MEETING WITH 60 PLUS EMERGING COMPANIES IN A SERIES OF 300, 15 MINUTE MEETINGS.
Expenses $80,594 · Revenue $55,174
-
WISCONSIN GOVERNOR'S BUSINESS PLAN CONTEST - THE CONTEST IS AN OPPORTUNITY TO COMPETE FOR CASH AND IN KIND PRIZES, BUT ITS ALSO A CHANCE TO GET CONSTRUCTIVE FEEDBACK ON A BUSINESS PLAN AND TO HELP MOVE IT FROM "VIRTUAL BUSINESS" TO REALITY. OVER 20 YEARS, MORE THAN 4,500 PEOPLE FROM 330 WISCONSIN COMMUNITIES HAVE PARTICIPATED. ABOUT $2.5 MILLION IN CASH AND SERVICE PRIZES HAVE BEEN AWARDED SINCE ITS INCEPTION. THE BUSINESS SURVIVAL RATE FOR FINALISTS IN ABOUT 75% OVER FIVE YEARS, ACCORDING TO FOLLOW UP SURVEYS, WHICH IS SIGNIFICANT.
Expenses $18,920 · Revenue $8,250
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
AARON OLVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
AMIT ACHARYA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ARJUN SANGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BILL HICKEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BOB HOUGARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRAD SCHWARTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRIS PRESTIGIACOMO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CORDERO BARKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAN EINHORN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAN MCQUARY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DEREK MATZKE
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
DON SCHLIDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ERIC BORGERDING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ERIC C APFELBACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ERIC FULCOMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
FRED ROBERTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GARY FRINGS
BOARD CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
GREG ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
IAN ROBERTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ILKE PANZER
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JAMES SCHMIDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JAMES ZYLSTRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JASON FIELDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JEANINE BURMANIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JENNIFER SAVINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JESSICA SILVAGGI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN CHAPMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN GARNETTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN MANYDEEDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN NEIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN WALZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JONATHAN FRITZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KALEEM CAIRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KALPA VITHALANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KEVIN BOGGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KURT WALDHUETTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LORRIE KEATING HEINEMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARK BAKKEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARK EHRMANN
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
MARK GEHRING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MELISSA TURCZYN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL FLANAGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RANDY DIMOND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
REBECCA COOKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RYAN NATZKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SAM RIKKERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SPENCER X SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN HEALY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SVERRE ROANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS STILL
PRESIDENT
- Total calculated
- $281,151
- From this org
- $272,962
- From related orgs
- $0
- Other
- $8,189
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $247,962
- Bonus
- $25,000
- Other
- $0
- Deferred
- $8,189
- Nontaxable benefits
- $0
- Filer's total
- $281,151
-
TOM AABY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TOM TOEPEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TONI SIKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
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
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442789349301009
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