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Nonprofiteer
← FOX VALLEY TECHNICAL COLLEGE FOUNDATION INC

Form 990 for tax year 2024

Filed by FOX VALLEY TECHNICAL COLLEGE FOUNDATION INC.

Totals

Total revenue
$6,165,979
Total expenses
$3,439,235
Contributions and grants received
$4,441,439
Grants paid
$2,565,889
Program service revenue
$564,344
Investment income
$1,167,740
Other revenue
-$7,544
Total assets, end of year
$29,814,030
Total liabilities, end of year
$850,091
Net assets or fund balances, end of year
$28,963,939
Program services expenses (Part IX)
$2,867,854
Management and general expenses
$414,113
Fundraising expenses
$157,268
Program service expenses (Part III)
$2,867,854

Program services were 83.4% 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.

  • 1c · Fundraising events

    $130,502

  • 1e · Government grants (contributions)

    $99,895

  • 1f · All other contributions, gifts and grants

    $4,211,042

  • 1g · Noncash contributions included above

    $2,324,413

  • 2a · Program service revenue: RENT-FOX VALLEY TECHNICAL COLLEGE

    total $564,344 · related or exempt $564,344

  • 3 · Investment income

    total $771,727 · excluded $771,727

  • 7a · Gross sales of assets other than inventory

    securities $336,704 · other assets $475,000

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

    securities $0 · other assets $415,691

  • 7c · Gain or loss

    securities $336,704 · other assets $59,309

  • 7d · Net gain or loss

    total $396,013 · excluded $396,013

  • 8a · Fundraising events: gross income

    $36,737

  • 8a · Fundraising events: contributions included on line 1c

    $130,502

  • 8b · Fundraising events: direct expenses

    $32,550

  • 8c · Net income from fundraising events

    total $4,187 · excluded $4,187

  • 9a · Gaming: gross income

    $12,260

  • 9b · Gaming: direct expenses

    $23,991

  • 9c · Net income from gaming

    total -$11,731 · excluded -$11,731

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,525,037 · program services $1,525,037

  • 2 · Grants to domestic individuals

    total $1,040,852 · program services $1,040,852

  • 7 · Other salaries and wages

    total $521,178 · program services $258,869 · management and general $114,587 · fundraising $147,722

  • 11f · Fees: investment management

    total $60,328 · management and general $60,328

  • 11g · Fees: other

    total $29,737 · management and general $29,737

  • 12 · Advertising and promotion

    total $11,204 · management and general $8,497 · fundraising $2,707

  • 13 · Office expenses

    total $5,874 · management and general $4,645 · fundraising $1,229

  • 14 · Information technology

    total $63,096 · program services $36,141 · management and general $26,955

  • 17 · Travel

    total $3,357 · management and general $3,094 · fundraising $263

  • 22 · Depreciation, depletion and amortization

    total $149,976 · management and general $149,976

  • 24a · Other expenses: HOSPITALITY/RECEPTIONS

    total $8,033 · management and general $4,881 · fundraising $3,152

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $4,210 · program services $2,370 · management and general $1,840

  • 24c · Other expenses: MEMBERSHIPS

    total $4,204 · management and general $2,822 · fundraising $1,382

  • 24e · All other expenses

    total $12,149 · program services $4,585 · management and general $6,751 · fundraising $813

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,784 · end of year $8,354

  • 2 · Savings and temporary cash investments

    beginning of year $1,504,478 · end of year $1,531,030

  • 3 · Pledges and grants receivable

    beginning of year $200,004 · end of year $426,043

  • 4 · Accounts receivable

    beginning of year $819

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,492

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

    $8,205,069

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

    $2,685,293

  • 10c · Land, buildings and equipment, net

    beginning of year $4,304,909 · end of year $5,519,776

  • 11 · Investments: publicly traded securities

    beginning of year $19,912,515 · end of year $22,089,153

  • 12 · Investments: other securities

    beginning of year $57,727 · end of year $64,939

  • 15 · Other assets

    beginning of year $142,786 · end of year $174,735

  • 17 · Accounts payable and accrued expenses

    beginning of year $189,597 · end of year $427,745

  • 18 · Grants payable

    beginning of year $468,001 · end of year $422,346

  • 27 · Net assets without donor restrictions

    beginning of year $15,536,409 · end of year $16,199,112

  • 28 · Net assets with donor restrictions

    beginning of year $9,969,507 · end of year $12,764,827

Mission and programs · 2024

Mission

THROUGH PHILANTHROPY AND COMMUNITY ENGAGEMENT, THE FOUNDATION ENSURES FOX VALLEY TECHNICAL COLLEGE STUDENTS HAVE ACCESS TO SCHOLARSHIPS, EMERGENCY ASSISTANCE, HANDS-ON LEARNING OPPORTUNITIES, AND VITAL PROGRAMS. THE FOUNDATION ALSO PROVIDES RESOURCES TO SUPPORT COLLEGE PROGRAMS, STUDENT ACTIVITIES, AND FACILITY IMPROVEMENTS. TOGETHER, THESE EFFORTS REDUCE FINANCIAL BARRIERS FOR STUDENT SUCCESS, DIRECTLY IMPACTING THOUSANDS OF STUDENTS EACH YEAR, WHILE STRENGTHENING THE COLLEGE'S ABILITY TO SERVE EMPLOYERS, THE REGIONAL WORKFORCE, K-12 PARTNERS, AND THE LOCAL ECONOMY.

Activities or mission (Part I)

PARTNERING WITH FVTC TO CULTIVATE COMMUNITY RELATIONSHIPS AND PHILANTHROPIC SUPPORT THAT ENHANCE THE MISSION AND VISION OF FVTC.

  • SUPPORT FOX VALLEY TECHNICAL COLLEGE BY SEEKING MONETARY GIFTS, IN-KIND DONATIONS, AND COMMUNITY PARTNERSHIPS THAT ENHANCE PROGRAMMING, PROVIDE ACCESS TO CURRENT TECHNOLOGY, AND FUND CAPITAL PROJECTS THAT SUPPORT THE COLLEGE'S MISSION.

    Expenses $1,827,002 · Grants $1,525,037 · Revenue $564,344

  • ADMINISTER AND AWARD 1,357 SCHOLARSHIPS TOTALING $1,012,852 TO STUDENTS ATTENDING FOX VALLEY TECHNICAL COLLEGE TO SUBSIDIZE THE COST OF TUITION, BOOKS, AND REQUIRED MATERIALS. THROUGH THESE SCHOLARSHIPS, THE FOUNDATION HELPS REDUCE FINANCIAL BARRIERS FOR STUDENT SUCCESS, PROVIDING CRITICAL SUPPORT TO EDUCATION.

    Expenses $1,012,852 · Grants $1,012,852

  • PROVIDE 57 EMERGENCY GRANTS TOTALING $28,000 TO HELP FOX VALLEY TECHNICAL COLLEGE STUDENTS OVERCOME UNEXPECTED HARDSHIPS AND STAY ON TRACK TOWARD THEIR EDUCATIONAL GOALS. THESE FUNDS ADDRESS BARRIERS SUCH AS HOUSING INSECURITY, MEDICAL BILLS, FAMILY EMERGENCIES, FOOD INSECURITY, CHILDCARE, AND TRANSPORTATION COSTS INCLUDING VEHICLE REPAIRS, GAS, AND INSURANCE. BY REDUCING THESE FINANCIAL PRESSURES, THE FOUNDATION HELPS STUDENTS PERSIST IN THEIR STUDIES.

    Expenses $28,000 · Grants $28,000

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

Listed in Part VII

  • Steve Hooyman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.75

  • Michele Nevins

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.65

  • Jonathan Fischer

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0.65

  • Susan Zima

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.65

  • John Wagner

    TREASURER

    Total calculated
    $0
    Hours/week
    0.65

  • Phil Sabee

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    0.65

  • Patrick Ambroso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jackie Anhalt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Elizabeth Coleman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ignacio Cortina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Amanda Elliott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Hilt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Maggie Kauer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Nicole Lehr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rebecca Boulanger

    EXECUTIVE DIRECTOR

    Total calculated
    $102,017
    From this org
    $86,666
    From related orgs
    $0
    Other
    $15,351
    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

    $812,900

    FVTC STUDENT OR PROGRAM SUPPORT

Provenance

Return type
form_990
Tax year
2024
Filed
20 February 2026
IRS schema version
2024v5.5
Source object
202630719349302003

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