Form 990 for tax year 2022
Filed by NORTHEAST WISCONSIN TECHNICAL COLLEGE EDUCATION FOUNDATION.
Totals
- Total revenue
- $2,767,690
- Total expenses
- $1,517,486
- Contributions and grants received
- $2,504,965
- Grants paid
- $1,202,959
- Program service revenue
- $0
- Investment income
- $257,097
- Other revenue
- $5,628
- Total assets, end of year
- $8,420,530
- Total liabilities, end of year
- $108,824
- Net assets or fund balances, end of year
- $8,311,706
- Program services expenses (Part IX)
- $1,223,038
- Management and general expenses
- $41,506
- Fundraising expenses
- $252,942
- Program service expenses (Part III)
- $1,223,038
Program services were 80.6% 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.
-
1f · All other contributions, gifts and grants
$2,504,965
-
1g · Noncash contributions included above
$343,129
-
3 · Investment income
total $166,103 · excluded $166,103
-
7a · Gross sales of assets other than inventory
securities $90,994
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $90,994
-
7d · Net gain or loss
total $90,994 · excluded $90,994
-
11a · Other revenue: ADMINISTRATIVE FEES IN
total $5,628 · excluded $5,628
-
11e · Other revenue, total
$5,628
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $298,360 · program services $298,360
-
2 · Grants to domestic individuals
total $904,599 · program services $904,599
-
11a · Fees: management
total $44,661 · program services $14,540 · management and general $18,222 · fundraising $11,899
-
11c · Fees: accounting
total $6,211 · management and general $6,211
-
11f · Fees: investment management
total $200 · management and general $200
-
12 · Advertising and promotion
total $460 · management and general $460
-
13 · Office expenses
total $3,531 · program services $1,150 · management and general $1,440 · fundraising $941
-
14 · Information technology
total $4,635 · program services $1,509 · management and general $1,891 · fundraising $1,235
-
17 · Travel
total $1,649 · program services $537 · management and general $673 · fundraising $439
-
19 · Conferences, conventions and meetings
total $1,922 · program services $626 · management and general $784 · fundraising $512
-
23 · Insurance
total $5,409 · management and general $5,409
-
24a · Other expenses: DONOR EVENTS/SPECIAL EV
total $236,511 · fundraising $236,511
-
24b · Other expenses: BANQUET EXPENSE
total $5,144 · program services $1,675 · management and general $2,099 · fundraising $1,370
-
24c · Other expenses: BANK CHARGES
total $2,478 · management and general $2,478
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $130 · program services $42 · management and general $53 · fundraising $35
-
24e · All other expenses
total $1,586 · management and general $1,586
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $899 · end of year $15,949
-
2 · Savings and temporary cash investments
beginning of year $473,801 · end of year $1,120,065
-
3 · Pledges and grants receivable
beginning of year $294,168 · end of year $419,514
-
9 · Prepaid expenses and deferred charges
end of year $6,506
-
11 · Investments: publicly traded securities
beginning of year $5,855,285 · end of year $6,833,895
-
15 · Other assets
beginning of year $22,785 · end of year $24,601
-
17 · Accounts payable and accrued expenses
beginning of year $15,150 · end of year $108,824
-
27 · Net assets without donor restrictions
beginning of year $587,585 · end of year $687,976
-
28 · Net assets with donor restrictions
beginning of year $6,044,203 · end of year $7,623,730
Mission and programs · 2022
Mission
NORTHEAST WISCONSIN TECHNICAL COLLEGE (NWTC) EDUCATIONAL FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT TO THE COLLEGE AND ITS STUDENTS THROUGH SCHOLARSHIPS AND OTHER FINANCIAL NEEDS.
Activities or mission (Part I)
PROVIDE FINANCIAL SUPPORT TO THE COLLEGE & ITS STUDENTS THROUGH SCHOLARSHIPS & OTHER FINANCIAL NEEDS.
-
AROUND $900,000 WAS AWARDED IN SCHOLARSHIPS.
Expenses $914,638 · Grants $904,599
-
AROUND $300,000 WAS AWARDED IN PROGRAM SUPPORT THROUGH HUNGRY TO LEARN,SAFE TO STUDY, LEARNING POWER, AND STUDENT EMERGENCY FUND TO LIST A FEW.
Expenses $308,400 · Grants $298,360
As filed on the 2022 return.
Listed in Part VII
-
Crystal HarrisonCRYSTAL HARRISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 40
-
Tanessa KlugTANESSA KLUG
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Joe LangerJOE LANGER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Dan VerbanacDAN VERBANAC
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Ace ChampionACE CHAMPION
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lynn DufraneLYNN DUFRANE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Terry FulwilerTERRY FULWILER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tom HinzTOM HINZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carl KuehneCARL KUEHNE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jessica LemkuhlJESSICA LEMKUHL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Susan LinSUSAN LIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jenni OliverJENNI OLIVER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark PetersonMARK PETERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mary PetersonMARY PETERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Paul RauscherPAUL RAUSCHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kim SchanockKIM SCHANOCK
BOARD MEMBER
- 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.
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)
- FORM 990, SCHEDULE J, PART III
- CRYSTAL HARRISON, THE DIRECTOR IS PAID PROPORETIONATELY BY AN UNRELATED ORGANIZATION FOR SERVICES PERFORMED FOR THE FOUNDATION. THE UNRELATED ORGANIZATION WHO PAYS ER SALARY IS NORTHEAST WISCONSIN TECHNICAL COLLEGE. THE FOUNDATION REIMBURSES THE COLLEGE FOR HER PORTION OF FOUNDATION WORK. THE COLLEGE PAYS FOR HER PORTION OF COLLEGE WORK. SHE RECEIVED A TOTAL OF $107,070 IN REPORTABLE WAGES FOR THE CALENDAR YEAR 2022.
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
-
NORTHEAST WISCONSIN TECHNICAL COLLEGE DISTRICT
$298,360
TO SUPPORT NORTHEAST WISCONSIN TECHNICAL COLLEGE PROJECTS.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411349349303856
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