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← SWTC REAL ESTATE FOUNDATION INC

Form 990 for tax year 2024

Filed by SWTC REAL ESTATE FOUNDATION INC.

Totals

Total revenue
$965,394
Total expenses
$613,266
Contributions and grants received
$273,430
Grants paid
$222,861
Program service revenue
$678,393
Investment income
$13,571
Other revenue
$0
Total assets, end of year
$3,698,983
Total liabilities, end of year
$1,840,244
Net assets or fund balances, end of year
$1,858,739
Program services expenses (Part IX)
$612,984
Management and general expenses
$282
Fundraising expenses
$0
Program service expenses (Part III)
$612,984

Program services were 100.0% 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.

  • 1e · Government grants (contributions)

    $273,430

  • 2a · Program service revenue: STUDENT HOUSING RENTS

    total $675,924 · related or exempt $675,924

  • 2b · Program service revenue: LAUNDRY REVENUE

    total $2,469 · related or exempt $2,469

  • 3 · Investment income

    total $13,571 · excluded $13,571

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $222,861 · program services $222,861

  • 11c · Fees: accounting

    total $9,237 · program services $9,237

  • 11g · Fees: other

    total $27,158 · program services $27,158

  • 13 · Office expenses

    total $1,381 · program services $1,099 · management and general $282

  • 16 · Occupancy

    total $79,364 · program services $79,364

  • 20 · Interest

    total $64,339 · program services $64,339

  • 22 · Depreciation, depletion and amortization

    total $123,186 · program services $123,186

  • 23 · Insurance

    total $17,048 · program services $17,048

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $64,176 · program services $64,176

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $4,516 · program services $4,516

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $471,320 · end of year $311,965

  • 4 · Accounts receivable

    beginning of year $71,962 · end of year $85,525

  • 10a · Land, buildings and equipment: cost or other basis

    $4,616,455

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,314,962

  • 10c · Land, buildings and equipment, net

    beginning of year $2,872,353 · end of year $3,301,493

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,015 · end of year $73,626

  • 23 · Secured mortgages and notes payable

    beginning of year $1,878,009 · end of year $1,766,618

  • 27 · Net assets without donor restrictions

    beginning of year $1,506,611 · end of year $1,858,739

Mission and programs · 2024

Mission

ACCEPT, ACQUIRE, LEASE, HOLD, DEVELOP, OPERATE, MANAGE, SELL, TRANSFER, AND OTHERWISE DEAL IN REAL ESTATE FOR USE AND ENJOYMENT BY, IN FURTHERANCE OF THE PURPOSES OF, AND FOR THE EXCLUSIVE BENEFIT OF THE SOUTHWEST WISCONSIN TECHNICAL COLLEGE FOUNDATION AND SOUTHWEST WISCONSIN TECHNICAL COLLEGE.

Activities or mission (Part I)

ACCEPT, ACQUIRE, LEASE, HOLD, DEVELOP, OPERATE, MANAGE, SELL, TRANSFER, AND DEAL IN REAL ESTATE.

  • THE ORGANIZATION OWNS AND OPERATES, FOR THE BENEFIT OF THE SOUTHWEST WISCONSIN TECHNICAL COLLEGE FOUNDATION AND SOUTHWEST WISCONSIN TECHNICAL COLLEGE, ON-CAMPUS HOUSING UNITS TO PROVIDE AFFORDABLE HOUSING OPTIONS FOR STUDENTS OF THE COLLEGE. THE HOUSING UNITS HAVE ACAPACITY OF 148 TENANTS.

    Expenses $612,984 · Grants $222,861 · Revenue $678,393

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

Listed in Part VII

  • Brad Biddick

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Mindy Johnson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel Glass

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Justin Smith

    VOLUNTEER DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ryan Rands

    VOLUNTEER DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Sheila Ruchti

    VOLUNTEER DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dennis Cooley

    EXECUTIVE DIRECTOR

    Total calculated
    $187,259
    From this org
    $0
    From related orgs
    $138,851
    Other
    $48,408
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,851 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,666 related
    Nontaxable benefits
    $0 + $20,742 related
    Filer's total
    $0 + $187,259 related

  • Caleb White

    VP ADMINISTRATIVE SERVICES

    Total calculated
    $268,488
    From this org
    $0
    From related orgs
    $167,340
    Other
    $101,148
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,340 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $45,968 related
    Nontaxable benefits
    $0 + $55,180 related
    Filer's total
    $0 + $268,488 related

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

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)

SCH J PART II AND FORM 990, PART VII, SEC A, LINE 5:
THE CHIEF MANAGEMENT OFFICIAL IS COMPENSATED BY SOUTHWEST WISCONSIN TECHNICAL COLLEGE, AN UNRELATED ENTITY, FOR THEIR SERVICE TO SOUTHWEST WISCONSIN TECHNICAL COLLEGE FOUNDATION INC. DENNIS COOLEY (EXECUTIVE DIRECTOR/OFFICER) WAS PAID $146,953.30 IN WAGES, $29,294.67 IN DEFERRED COMPENSATION, AND $22,007.43 IN OTHER COMPENSATION, TOTAL OF $146,953.30 BY THE UNRELATED ENTITY.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • SOUTHWEST WISCONSIN TECHNICAL COLLEGE FOUNDATION INC

    501(C)(3) · PROVIDE SCHOLARSHIPS AND ASSISTANCE TO STUDENTS AND FACULTY · WI

Provenance

Return type
form_990
Tax year
2024
Filed
26 February 2026
IRS schema version
2024v5.5
Source object
202630619349301048

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