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← WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSIT

Form 990 for tax year 2024

Filed by WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSIT.

Totals

Total revenue
$8,340,936
Total expenses
$7,925,932
Contributions and grants received
$4,338,212
Grants paid
$4,579,142
Program service revenue
$2,979,754
Investment income
$1,019,862
Other revenue
$3,108
Total assets, end of year
$27,259,322
Total liabilities, end of year
$2,409,604
Net assets or fund balances, end of year
$24,849,718
Program services expenses (Part IX)
$7,179,359
Management and general expenses
$641,615
Fundraising expenses
$104,958
Program service expenses (Part III)
$7,179,359

Program services were 90.6% 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

    $4,338,212

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,701,560 · related or exempt $1,701,560

  • 2b · Program service revenue: MEMBER SERVICES

    total $1,112,944 · related or exempt $1,112,944

  • 2c · Program service revenue: SPONSORSHIPS

    total $85,250 · related or exempt $85,250

  • 2d · Program service revenue: PRIVATE COLLEGE WEEK ADVERTISING

    total $80,000 · related or exempt $80,000

  • 3 · Investment income

    total $921,860 · excluded $921,860

  • 7a · Gross sales of assets other than inventory

    securities $1,873,605

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

    securities $1,775,603

  • 7c · Gain or loss

    securities $98,002

  • 7d · Net gain or loss

    total $98,002 · excluded $98,002

  • 11a · Other revenue: OTHER INCOME

    total $3,108 · related or exempt $3,108

  • 11e · Other revenue, total

    $3,108

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,714,327 · program services $3,714,327

  • 2 · Grants to domestic individuals

    total $864,815 · program services $864,815

  • 5 · Compensation of officers, directors and key employees

    total $858,683 · program services $674,300 · management and general $145,231 · fundraising $39,152

  • 7 · Other salaries and wages

    total $659,230 · program services $517,666 · management and general $111,504 · fundraising $30,060

  • 8 · Pension plan contributions

    total $27,917 · program services $21,922 · management and general $4,722 · fundraising $1,273

  • 9 · Other employee benefits

    total $257,789 · program services $202,432 · management and general $43,602 · fundraising $11,755

  • 10 · Payroll taxes

    total $93,907 · program services $73,743 · management and general $15,883 · fundraising $4,281

  • 11a · Fees: management

    total $4,801 · program services $3,865 · management and general $914 · fundraising $22

  • 11b · Fees: legal

    total $11,342 · program services $9,132 · management and general $2,159 · fundraising $51

  • 11c · Fees: accounting

    total $179,813 · program services $144,769 · management and general $34,228 · fundraising $816

  • 11d · Fees: lobbying

    total $124,946 · program services $100,595 · management and general $23,784 · fundraising $567

  • 11f · Fees: investment management

    total $48,401 · management and general $48,401

  • 11g · Fees: other

    total $516,840 · program services $452,749 · management and general $62,599 · fundraising $1,492

  • 12 · Advertising and promotion

    total $5,647 · program services $4,546 · management and general $1,075 · fundraising $26

  • 13 · Office expenses

    total $94,642 · program services $63,847 · management and general $30,332 · fundraising $463

  • 14 · Information technology

    total $51,058 · program services $34,444 · management and general $16,364 · fundraising $250

  • 16 · Occupancy

    total $114,832 · program services $86,124 · management and general $28,708

  • 17 · Travel

    total $38,163 · program services $30,697 · management and general $4,292 · fundraising $3,174

  • 22 · Depreciation, depletion and amortization

    total $18,430 · management and general $18,430

  • 23 · Insurance

    total $107,464 · program services $72,496 · management and general $34,442 · fundraising $526

  • 24a · Other expenses: MEMBER SERVICES

    total $132,885 · program services $106,890 · management and general $14,945 · fundraising $11,050

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,194,697 · end of year $68,195

  • 2 · Savings and temporary cash investments

    beginning of year $2,000,000 · end of year $5,009,911

  • 3 · Pledges and grants receivable

    beginning of year $233,333 · end of year $116,667

  • 4 · Accounts receivable

    beginning of year $90,645 · end of year $276,411

  • 9 · Prepaid expenses and deferred charges

    beginning of year $110,888 · end of year $93,981

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

    $305,307

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

    $279,871

  • 10c · Land, buildings and equipment, net

    beginning of year $43,866 · end of year $25,436

  • 11 · Investments: publicly traded securities

    beginning of year $19,291,192 · end of year $21,145,485

  • 15 · Other assets

    beginning of year $616,280 · end of year $523,236

  • 17 · Accounts payable and accrued expenses

    beginning of year $347,700 · end of year $275,346

  • 18 · Grants payable

    end of year $1,285,673

  • 19 · Deferred revenue

    beginning of year $358,411 · end of year $323,951

  • 25 · Other liabilities

    beginning of year $704,214 · end of year $524,634

  • 27 · Net assets without donor restrictions

    beginning of year $3,405,480 · end of year $3,856,333

  • 28 · Net assets with donor restrictions

    beginning of year $19,765,096 · end of year $20,993,385

Mission and programs · 2024

Mission

PROMOTE AND FACILITATE SERVICES TO WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND UNIVERSITIES.

  • THE WISCONSIN HIGHER EDUCATIONAL AIDS BOARD (HEAB), WHICH ADMINISTERS STATE-APPROPRIATED FUNDS FOR THESE STUDENTS ATTENDING OUR INSTITUTIONS, HAS EXHAUSTED ITS RESOURCES MIDWAY THROUGH THE SPRING SEMESTER. THIS HAS LEFT APPROXIMATELY 2,250 OF OUR NEEDIEST STUDENTS WITHOUT PROMISED FINANCIAL SUPPORT. PUSHING FUNDING TOWARDS THIS SHORTFALL TO HELP OUT THE STUDENTS.

    Expenses $3,714,327 · Grants $3,714,327

  • THE ORGANIZATION MANAGES SIX ENDOWED SCHOLARSHIP PROGRAMS VALUED AT APPROXIMATELY $17.5 MILLION. THESE SCHOLARSHIPS ALLOW MANY STUDENTS TO CONTINUE THEIR COLLEGE EDUCATION. THE ORGANIZATION AWARDS ON AN ANNUAL BASIS APPROXIMATELY $865,000 TO 110 PRIVATE COLLEGE STUDENTS. ES.

    Expenses $1,200,116 · Grants $864,815

  • ADVOCACY AND RESEARCH

    Expenses $993,170

  • COLLABORATIVE SERVICES - WAICU COLLABORATIVE SERVICES IS A COMPREHENSIVE PROGRAM TO PERFORM ADMINISTRATIVE SUPPORT FUNCTIONS OF WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND UNIVERSITIES ON A COLLABORATIVE BASIS. THE OBJECTIVES ARE TO SAVE MONEY, TO IMPROVE THE QUALITY OF SERVICES TO STUDENTS, FACULTY, AND STAFF, AND TO SERVE AS A NATIONAL MODEL FOR CONTROLLING COLLEGE COSTS.

    Expenses $861,343 · Revenue $2,982,862

  • WAICU HAS ORGANIZED JOINT ADMISSIONS PROGRAMS SINCE 1978, FOCUSING ON CONTACTS WITH POTENTIAL STUDENTS AND THEIR PARENTS AND COUNSELORS EACH YEAR. WAICU'S ADMISSION PROGRAMS ARE SPECIFICALLY DESIGNED TO REINFORCE THE STUDENT RECRUITMENT EFFORTS OF MEMBERS. WAICU'S ROLE IS TO HIGHLIGHT THE AFFORDABILITY AND QUALITY OF WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND TO CREATE OPPORTUNITIES FOR STUDENTS AND COUNSELORS TO CONSIDER PRIVATE NONPROFIT COLLEGES.

    Expenses $410,403

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

Listed in Part VII

  • Aaron Sadoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Trietley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Renee Herzing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laurie Joyner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laurie Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lauren Whitnah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kimo Ah Yun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Walz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Swallow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Raymond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Isabelle Cherney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Morin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Boynton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Connie Boerst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Gnadinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christy Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chadwick Dayton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Beth Borgen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Manion

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erik Ankerberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Victoria Folse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Dehart

    CHIEF OPERATING OFFICER

    Total calculated
    $200,322
    From this org
    $179,942
    From related orgs
    $0
    Other
    $20,380
    Hours/week
    25 + 15 related

    Schedule J breakdown matched by us

    Base
    $179,462
    Bonus
    $0
    Other
    $480
    Deferred
    $8,918
    Nontaxable benefits
    $11,462
    Filer's total
    $200,322

  • Rebecca Larson

    SR. VP FOR ADVOCACY

    Total calculated
    $214,441
    From this org
    $181,441
    From related orgs
    $0
    Other
    $33,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,961
    Bonus
    $0
    Other
    $480
    Deferred
    $9,173
    Nontaxable benefits
    $23,827
    Filer's total
    $214,441

  • Eric Fulcomer

    PRESIDENT

    Total calculated
    $415,744
    From this org
    $350,482
    From related orgs
    $0
    Other
    $65,262
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $350,002
    Bonus
    $0
    Other
    $480
    Deferred
    $26,413
    Nontaxable benefits
    $38,849
    Filer's total
    $415,744

  • Shane Kellar

    EXECUTIVE DIRECTOR, WBC

    Total calculated
    $142,164
    From this org
    $113,231
    From related orgs
    $0
    Other
    $28,933
    Hours/week
    40

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 · Compensation survey or study
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

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
2024
Filed
31 October 2025
IRS schema version
2024v5.2
Source object
202533079349300843

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