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Nonprofiteer
← BLACKHAWK TECHNICAL COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by BLACKHAWK TECHNICAL COLLEGE FOUNDATION INC.

Totals

Total revenue
$1,445,518
Total expenses
$482,071
Contributions and grants received
$1,187,505
Grants paid
$321,511
Program service revenue
$54,711
Investment income
$205,602
Other revenue
-$2,300
Total assets, end of year
$8,074,507
Total liabilities, end of year
$789
Net assets or fund balances, end of year
$8,073,718
Program services expenses (Part IX)
$321,511
Management and general expenses
$160,560
Fundraising expenses
$0
Program service expenses (Part III)
$321,511

Program services were 66.7% 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

    $13,982

  • 1f · All other contributions, gifts and grants

    $1,173,523

  • 1g · Noncash contributions included above

    $95,191

  • 2a · Program service revenue: ADMINISTRATIVE FEE

    total $54,711 · related or exempt $54,711

  • 3 · Investment income

    total $185,482 · excluded $185,482

  • 7a · Gross sales of assets other than inventory

    securities $211,901

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

    securities $191,781

  • 7c · Gain or loss

    securities $20,120

  • 7d · Net gain or loss

    total $20,120 · excluded $20,120

  • 8a · Fundraising events: gross income

    $3,126

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

    $13,982

  • 8b · Fundraising events: direct expenses

    $5,426

  • 8c · Net income from fundraising events

    total -$2,300 · excluded -$2,300

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $75,096 · program services $75,096

  • 2 · Grants to domestic individuals

    total $246,415 · program services $246,415

  • 11c · Fees: accounting

    total $5,065 · management and general $5,065

  • 11f · Fees: investment management

    total $22,252 · management and general $22,252

  • 11g · Fees: other

    total $74,433 · management and general $74,433

  • 14 · Information technology

    total $39,553 · management and general $39,553

  • 16 · Occupancy

    total $1,063 · management and general $1,063

  • 23 · Insurance

    total $12,498 · management and general $12,498

  • 24e · All other expenses

    total $5,696 · management and general $5,696

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $338,870 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,963,904 · end of year $3,020,502

  • 3 · Pledges and grants receivable

    beginning of year $481,220 · end of year $372,479

  • 4 · Accounts receivable

    beginning of year $27,036 · end of year $6,793

  • 7 · Other notes and loans receivable

    beginning of year $894,367 · end of year $728,277

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,498 · end of year $12,623

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

    $321,106

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

    $6,577

  • 10c · Land, buildings and equipment, net

    beginning of year $314,529 · end of year $314,529

  • 11 · Investments: publicly traded securities

    beginning of year $2,241,569 · end of year $2,910,231

  • 12 · Investments: other securities

    beginning of year $597,878 · end of year $709,073

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $789

  • 27 · Net assets without donor restrictions

    beginning of year $2,297,244 · end of year $2,574,894

  • 28 · Net assets with donor restrictions

    beginning of year $4,574,627 · end of year $5,498,824

Mission and programs · 2023

Mission

THE PURPOSE OF THE FOUNDATION IS TO RECEIVE, HOLD, MANAGE, USE AND DISPOSE OF FUNDS AND PROPERTIES OF ALL KINDS, WHETHER GIVEN ABSOLUTELY OR IN TRUST FOR THE BENEFIT OF BLACKHAWK TECHNICAL COLLEGE DISTRICT, A WISCONSIN VOCATIONAL, TECHNICAL AND ADULT EDUCATIONAL SCHOOL SYSTEM, OR FOR ANY OR ALL THE EDUCATIONAL AND CHARITABLE MOVEMENTS OR ACTIVITIES THAT MAY BE CONDUCTED BY BLACKHAWK TECHNICAL COLLEGE DISTRICT, MORE SPECIFICALLY TO FINANCE EQUIPMENT AND FACILITIES, TO IMPROVE GROUNDS, TO ENDOW SCHOLARSHIPS, TO MAKE EQUIPMENT AND LIBRARY ACQUISITIONS, AND TO SUPPLEMENT ALL OF THE SERVICES WHICH BLACKHAWK TECHNICAL COLLEGE DISTRICT RENDERS TO SOCIETY WHERE STATE AND DISTRICT APPROPRIATE TAX FUNDS ARE NOT AVAILABLE, SUFFICIENT OR ADEQUATE TO FULLY PROVIDE THE SERVICES WHICH BLACKHAWK TECHNICAL COLLEGE DISTRICT SHOULD OR COULD RENDER TO SOCIETY.

Activities or mission (Part I)

TO ATTRACT AND DEVELOP RESOURCES TO SUPPLEMENT AND ENHANCE THE EDUCATIONAL OBJECTIVES OF THE DISTRICT

  • THE BLACKHAWK TECHNICAL COLLEGE FOUNDATION PROVIDES CAPITAL ASSETS TO BLACKHAWK TECHNICAL COLLEGE TO ENHANCE AND SUPPORT INSTRUCTIONAL PROGRAMMING. THESE ASSETS INCLUDE FUNDING FOR EQUIPMENT, TECHNOLOGY, FACILITIES, AND OTHER INFRASTRUCTURE ESSENTIAL TO DELIVERING HIGH-QUALITY EDUCATION. BY INVESTING IN CAPITAL IMPROVEMENTS, THE FOUNDATION ENABLES THE COLLEGE TO OFFER CUTTING-EDGE LEARNING ENVIRONMENTS AND RESOURCES, FOSTERING ACADEMIC EXCELLENCE AND ENSURING THAT STUDENTS RECEIVE TRAINING ON INDUSTRY-STANDARD EQUIPMENT. THIS SUPPORT DIRECTLY CONTRIBUTES TO THE COLLEGE'S ABILITY TO MAINTAIN AND EXPAND ITS EDUCATIONAL OFFERINGS, MEETING THE EVOLVING NEEDS OF STUDENTS AND THE COMMUNITY.

    Expenses $75,096 · Grants $75,096 · Revenue $54,711

  • THE BLACKHAWK TECHNICAL COLLEGE FOUNDATION ADMINISTERS A COMPREHENSIVE SCHOLARSHIP PROGRAM TO SUPPORT THE EDUCATIONAL PURSUITS OF ITS STUDENTS. SCHOLARSHIPS ARE AWARDED BASED ON A RANGE OF CRITERIA, INCLUDING ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND PROGRAM-SPECIFIC REQUIREMENTS. BY PROVIDING FINANCIAL ASSISTANCE, THE FOUNDATION AIMS TO ALLEVIATE THE ECONOMIC BARRIERS TO HIGHER EDUCATION, THEREBY PROMOTING STUDENT SUCCESS AND RETENTION. THE SCHOLARSHIP PROGRAM SUPPORTS STUDENTS IN ACHIEVING THEIR ACADEMIC AND CAREER GOALS, CONTRIBUTING TO THE DEVELOPMENT OF A SKILLED AND EDUCATED WORKFORCE.

    Expenses $234,258 · Grants $234,258

  • THE BLACKHAWK TECHNICAL COLLEGE FOUNDATION OFFERS STUDENT EMERGENCY ASSISTANCE GRANT AWARDS DESIGNED TO SUPPORT STUDENTS FACING UNEXPECTED FINANCIAL CHALLENGES. THESE GRANT AWARDS PROVIDE TIMELY FINANCIAL RELIEF TO STUDENTS EXPERIENCING EMERGENCIES THAT MAY OTHERWISE HINDER THEIR ABILITY TO CONTINUE THEIR EDUCATION. BY ADDRESSING CRITICAL NEEDS SUCH AS HOUSING, TRANSPORTATION, CHILDCARE, AND OTHER ESSENTIAL EXPENSES, THE PROGRAM HELPS STUDENTS REMAIN FOCUSED ON THEIR STUDIES AND STAY ON TRACK TOWARD DEGREE COMPLETION. THIS INITIATIVE UNDERSCORES THE FOUNDATION'S COMMITMENT TO STUDENT SUCCESS AND THE REDUCTION OF BARRIERS TO ACADEMIC ACHIEVEMENT.

    Expenses $12,157 · Grants $12,157

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Holterman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jill Leitzen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Frank McKearn

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sue Ripsch

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Gretchen Burgess

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sharon Cox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George Cullen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gregg Dickinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Garde

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Renae Henry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Nemeth

    DIRECTOR (TERMED 7/23)

    Total calculated
    $0
    Hours/week
    1

  • Kara Sankey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angela Slagle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phil Whitehead

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Hurda

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    16

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

  • BLACKHAWK TECHNICAL COLLEGE

    $0

    COLLEGE OPERATIONS

Provenance

Return type
form_990
Tax year
2023
Filed
25 April 2025
IRS schema version
2023v6.0
Source object
202511159349301851

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