Form 990 for tax year 2023
Filed by SOUTHWEST WISCONSIN TECHNICAL COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $1,666,426
- Total expenses
- $1,216,593
- Contributions and grants received
- $1,438,698
- Grants paid
- $1,119,471
- Program service revenue
- $0
- Investment income
- $226,106
- Other revenue
- $1,622
- Total assets, end of year
- $8,705,350
- Total liabilities, end of year
- $13,174
- Net assets or fund balances, end of year
- $8,692,176
- Program services expenses (Part IX)
- $1,124,231
- Management and general expenses
- $74,918
- Fundraising expenses
- $17,444
- Program service expenses (Part III)
- $1,124,231
Program services were 92.4% 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
$1,438,698
-
1g · Noncash contributions included above
$323,178
-
3 · Investment income
total $129,506 · excluded $129,506
-
7a · Gross sales of assets other than inventory
securities $1,328,817
-
7b · Less cost or other basis and sales expenses
securities $1,232,217
-
7c · Gain or loss
securities $96,600
-
7d · Net gain or loss
total $96,600 · excluded $96,600
-
10a · Gross sales of inventory
$699
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $699 · excluded $699
-
11a · Other revenue: MISCELLANEOUS INCOME
total $923 · excluded $923
-
11e · Other revenue, total
$923
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $550,286 · program services $550,286
-
2 · Grants to domestic individuals
total $569,185 · program services $569,185
-
11f · Fees: investment management
total $32,335 · management and general $32,335
-
11g · Fees: other
total $12,116 · management and general $12,116
-
12 · Advertising and promotion
total $1,772 · management and general $1,772
-
13 · Office expenses
total $34,088 · program services $4,760 · management and general $12,323 · fundraising $17,005
-
17 · Travel
total $732 · management and general $293 · fundraising $439
-
19 · Conferences, conventions and meetings
total $14,930 · management and general $14,930
-
23 · Insurance
total $1,149 · management and general $1,149
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $785,786 · end of year $1,214,005
-
3 · Pledges and grants receivable
beginning of year $720,483 · end of year $285,897
-
7 · Other notes and loans receivable
beginning of year $1,000 · end of year $1,000
-
9 · Prepaid expenses and deferred charges
beginning of year $78 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $6,109,027 · end of year $7,204,448
-
17 · Accounts payable and accrued expenses
beginning of year $3,806 · end of year $13,174
-
27 · Net assets without donor restrictions
beginning of year $94,655 · end of year $178,769
-
28 · Net assets with donor restrictions
beginning of year $7,517,913 · end of year $8,513,407
Mission and programs · 2023
Mission
PROVIDE SCHOLARSHIPS AND ASSISTANCE TO STUDENTS AND FACULTY FOR THE PRIMARY BENEFIT OF SOUTHWEST WISCONSIN TECHNICAL COLLEGE.
Activities or mission (Part I)
PROVIDE SCHOLARSHIPS & ASSISTANCE TO STUDENTS & FACULTY OF SOUTHWEST WI TECHNICAL COLLEGE.
-
SOUTHWEST WISCONSIN TECHNICAL COLLEGE FOUNDATION ANNUALLY AWARDS SCHOLARSHIPS AND PROVIDES EMERGENCY GRANTS, STUDENT SUPPORT FUNDS, AND ACADEMIC PROGRAM SUPPORT TO SOUTHWEST TECH STUDENTS. IN ADDITION, PROFESSIONAL DEVELOPMENT FUNDS ARE PROVIDED TO SOUTHWEST TECH FACULTY, STAFF AND ADMINISTRATION AS WELL AS FUNDING FOR CAPITAL PROJECTS AND COLLEGE PRIORITY PROJECTS.
Expenses $1,124,231 · Grants $1,119,471
As filed on the 2023 return.
Listed in Part VII
-
Theresa BraudtTHERESA BRAUDT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Lisa GotzingerLISA GOTZINGER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Deb WehrleDEB WEHRLE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Aaron KleemanAARON KLEEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony IsabellANTHONY ISABELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Courtney McGlynnCOURTNEY MCGLYNN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Helen AdamsHELEN ADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda ParrishLINDA PARRISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Natalie TollefsonNATALIE TOLLEFSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rose KelleyROSE KELLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah SaylorSARAH SAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott PaulsSCOTT PAULS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dennis CooleyDENNIS COOLEY
EXECUTIVE DIRECTOR
- Total calculated
- $167,477
- From this org
- $139,331
- From related orgs
- $0
- Other
- $28,146
- Hours/week
- 40 + 5 related
Schedule J breakdown matched by us
- Base
- $139,331
- Bonus
- $0
- Other
- $0
- Deferred
- $27,666
- Nontaxable benefits
- $480
- Filer's total
- $167,477
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 $139,330.55 IN WAGES AND $27,666.10 IN DEFERRED COMPENSATION 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
-
SOUTHWEST WISCONSIN TECHNICAL COLLEGE
$307,715
ASSISTANCE TO VARIOUS COLLEGE PROGRAMS AND STUDENT CLUBS AND ORGANIZATIONS
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.
-
SWTC REAL ESTATE FOUNDATION INC
501(C)(3) · OPERATE ON-CAMPUS STUDENT HOUSING UNITS · WI · controlled entity
Directly controlled by SOUTHWEST WISCONSIN TECHNICAL COLLEGE FOUNDATION INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541119349301009
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