Form 990 for tax year 2023
Filed by FOX VALLEY TECHNICAL COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $3,377,779
- Total expenses
- $2,536,609
- Contributions and grants received
- $2,037,124
- Grants paid
- $1,774,088
- Program service revenue
- $562,691
- Investment income
- $775,690
- Other revenue
- $2,274
- Total assets, end of year
- $26,163,514
- Total liabilities, end of year
- $657,598
- Net assets or fund balances, end of year
- $25,505,916
- Program services expenses (Part IX)
- $1,999,461
- Management and general expenses
- $398,564
- Fundraising expenses
- $138,584
- Program service expenses (Part III)
- $1,999,461
Program services were 78.8% 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.
-
1c · Fundraising events
$121,233
-
1e · Government grants (contributions)
$45,617
-
1f · All other contributions, gifts and grants
$1,870,274
-
1g · Noncash contributions included above
$317,827
-
2a · Program service revenue: RENT-FOX VALLEY TECHNICAL COLLEGE
total $562,691 · related or exempt $562,691
-
3 · Investment income
total $657,410 · excluded $657,410
-
7a · Gross sales of assets other than inventory
securities $3,618,268 · other assets $449,900
-
7b · Less cost or other basis and sales expenses
securities $3,531,612 · other assets $418,276
-
7c · Gain or loss
securities $86,656 · other assets $31,624
-
7d · Net gain or loss
total $118,280 · excluded $118,280
-
8a · Fundraising events: gross income
$36,030
-
8a · Fundraising events: contributions included on line 1c
$121,233
-
8b · Fundraising events: direct expenses
$32,080
-
8c · Net income from fundraising events
total $3,950 · excluded $3,950
-
9a · Gaming: gross income
$15,445
-
9b · Gaming: direct expenses
$17,121
-
9c · Net income from gaming
total -$1,676 · excluded -$1,676
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $723,135 · program services $723,135
-
2 · Grants to domestic individuals
total $1,050,953 · program services $1,050,953
-
7 · Other salaries and wages
total $454,578 · program services $223,577 · management and general $104,899 · fundraising $126,102
-
11f · Fees: investment management
total $57,140 · management and general $57,140
-
11g · Fees: other
total $20,164 · management and general $20,124 · fundraising $40
-
12 · Advertising and promotion
total $1,168 · management and general $1,018 · fundraising $150
-
13 · Office expenses
total $5,599 · management and general $4,815 · fundraising $784
-
14 · Information technology
total $39,115 · management and general $39,115
-
17 · Travel
total $1,942 · management and general $1,396 · fundraising $546
-
22 · Depreciation, depletion and amortization
total $149,976 · management and general $149,976
-
24a · Other expenses: MEMBERSHIPS
total $9,539 · management and general $3,874 · fundraising $5,665
-
24b · Other expenses: HOSPITALITY/RECEPTIONS
total $5,822 · management and general $2,645 · fundraising $3,177
-
24c · Other expenses: BAD DEBT EXPENSE
total $2,051 · program services $1,796 · management and general $255
-
24e · All other expenses
total $15,427 · management and general $13,307 · fundraising $2,120
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $679 · end of year $3,784
-
2 · Savings and temporary cash investments
beginning of year $1,570,482 · end of year $1,504,478
-
3 · Pledges and grants receivable
beginning of year $57,638 · end of year $200,004
-
4 · Accounts receivable
beginning of year $819 · end of year $819
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $36,492
-
10a · Land, buildings and equipment: cost or other basis
$6,840,227
-
10b · Land, buildings and equipment: accumulated depreciation
$2,535,318
-
10c · Land, buildings and equipment, net
beginning of year $4,454,885 · end of year $4,304,909
-
11 · Investments: publicly traded securities
beginning of year $17,457,451 · end of year $19,912,515
-
12 · Investments: other securities
beginning of year $51,999 · end of year $57,727
-
15 · Other assets
beginning of year $445,609 · end of year $142,786
-
17 · Accounts payable and accrued expenses
beginning of year $477,534 · end of year $189,597
-
18 · Grants payable
beginning of year $123,465 · end of year $468,001
-
27 · Net assets without donor restrictions
beginning of year $14,524,567 · end of year $15,536,409
-
28 · Net assets with donor restrictions
beginning of year $8,913,996 · end of year $9,969,507
Mission and programs · 2023
Mission
PARTNERING WITH FVTC TO CULTIVATE COMMUNITY RELATIONSHIPS AND PHILANTHROPIC SUPPORT THAT ENHANCE THE MISSION AND VISION OF FVTC.
-
ADMINISTER AND AWARD 1,417 SCHOLARSHIPS TOTALING $1,005,203 TO STUDENTS ATTENDING FOX VALLEY TECHNICAL COLLEGE TO SUBSIDIZE THE COST OF TUITION AND BOOKS.
Expenses $1,005,203 · Grants $1,005,203
-
SUPPORT FVTC BY SEEKING MONETARY GIFTS AND IN-KIND DONATIONS TO ENHANCE PROGRAM OFFERINGS AND ALLOW STUDENTS TO LEARN ON THE MOST CURRENT TECHNOLOGY.
Expenses $948,508 · Grants $723,135 · Revenue $562,691
-
ADMINISTER AND AWARD 93 EMERGENCY FUNDING GRANTS TOTALING $45,750 TO STUDENTS ATTENDING FOX VALLEY TECHNICAL COLLEGE.
Expenses $45,750 · Grants $45,750
As filed on the 2023 return.
Listed in Part VII
-
Steve HooymanSTEVE HOOYMAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.75
-
Michele NevinsMICHELE NEVINS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.65
-
Jonathan FischerJONATHAN FISCHER
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.65
-
Susan ZimaSUSAN ZIMA
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.65
-
Todd HealyTODD HEALY
TREASURER
- Total calculated
- $0
- Hours/week
- 0.65
-
Phil SabeePHIL SABEE
MEMBER-AT-LARGE
- Total calculated
- $0
- Hours/week
- 0.65
-
Patrick AmbrosoPATRICK AMBROSO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jackie AnhaltJACKIE ANHALT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kelly ChartreKELLY CHARTRE
DIRECTOR (THRU AUG 2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
Elizabeth ColemanELIZABETH COLEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ignacio CortinaIGNACIO CORTINA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Maggie KauerMAGGIE KAUER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tom RheinheimerTOM RHEINHEIMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John WagnerJOHN WAGNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Rebecca BoulangerREBECCA BOULANGER
EXECUTIVE DIRECTOR
- Total calculated
- $95,326
- From this org
- $85,215
- From related orgs
- $0
- Other
- $10,111
- Hours/week
- 26
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.
Grants on this return
-
FOX VALLEY TECHNICAL COLLEGE INC
$443,757
FVTC STUDENT OR PROGRAM SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541199349302004
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