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Nonprofiteer
← WAICU EDUCATIONAL TECHNOLOGY CONSORTIUM INC

Form 990 for tax year 2022

Filed by WAICU EDUCATIONAL TECHNOLOGY CONSORTIUM INC.

Totals

Total revenue
$1,760,974
Total expenses
$1,465,036
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,753,440
Investment income
$7,534
Other revenue
$0
Total assets, end of year
$1,778,978
Total liabilities, end of year
$78,446
Net assets or fund balances, end of year
$1,700,532
Program services expenses (Part IX)
$1,201,564
Management and general expenses
$263,472
Fundraising expenses
$0
Program service expenses (Part III)
$1,201,564

Program services were 82.0% 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.

  • 2a · Program service revenue: MEMBERSHIP FEES

    total $1,753,440 · related or exempt $1,753,440

  • 3 · Investment income

    total $7,534 · excluded $7,534

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $309,126 · program services $138,290 · management and general $170,836

  • 11c · Fees: accounting

    total $11,034 · management and general $11,034

  • 11g · Fees: other

    total $390,533 · program services $308,931 · management and general $81,602

  • 22 · Depreciation, depletion and amortization

    total $3,353 · program services $3,353

  • 24a · Other expenses: MAINTENANCE SUPPORT

    total $750,990 · program services $750,990

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $650,842 · end of year $506,007

  • 4 · Accounts receivable

    beginning of year $34,064 · end of year $312,170

  • 9 · Prepaid expenses and deferred charges

    beginning of year $757,308 · end of year $957,926

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

    $2,752,445

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

    $2,749,570

  • 10c · Land, buildings and equipment, net

    beginning of year $6,228 · end of year $2,875

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,042 · end of year $78,446

  • 19 · Deferred revenue

    beginning of year $15,806 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,404,594 · end of year $1,700,532

Mission and programs · 2022

Mission

THE PURPOSES OF WAICU ETC ARE TO PURCHASE, IMPLEMENT, AND OPERATE INFORMATION TECHNOLOGY SYSTEMS, INCLUDING COMPUTER HARDWARE AND SOFTWARE, FOR ITS MEMBERS AND TO MANAGE THE ONGOING OPERATION AND MAINTENANCE OF SUCH SYSTEMS AS ITS MEMBERS MAY REQUIRE OR DIRECT IN FURTHERANCE OF THEIR EDUCATIONAL MISSIONS AND GOALS.

  • PROVIDED JOINT LICENSING, IMPLEMENTATION, OPERATION, AND MAINTENANCE OF ADMINISTRATIVE AND ACADEMIC SOFTWARE FOR NINE MEMBER COLLEGES AND UNIVERSITIES.

    Expenses $1,201,564 · Revenue $1,753,440

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles Grubisic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Rodman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Fetherston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Gumieny

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Oertel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Ingles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ted Wilder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Trevor Tover

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Dehart

    SR. VP FOR COLLABORATIVE SERVICE

    Total calculated
    $173,397
    From this org
    $0
    From related orgs
    $166,675
    Other
    $6,722
    Hours/week
    8 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,372 related
    Bonus
    $0
    Other
    $0 + $15,303 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,722 related
    Filer's total
    $0 + $173,397 related

  • Rolf Wegenke

    PRESIDENT

    Total calculated
    $269,696
    From this org
    $0
    From related orgs
    $220,416
    Other
    $49,280
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,416 related
    Bonus
    $0
    Other
    $0 + $26,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $49,280 related
    Filer's total
    $0 + $269,696 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)

PART I, LINE 3
THE DIRECTORS AND OFFICERS ARE NOT COMPENSATED BY THE WAICU EDUCATIONAL TECHNOLOGY CONSORTIUM, INC. THE EXECUTIVE DIRECTOR AND OFFICERS ARE COMPENSATED BY A RELATED ORGANIZATION, THE WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, INC. (WAICU). WAICU HAS PROCESSES FOR DETERMINING THE COMPENSATION OF THESE PERSONS THAT INCLUDE REVIEW AND APPROVAL BY INDEPENDENT PERSONS, REFERENCE TO COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.

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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202333179349300413

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