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Nonprofiteer
← WAICU EDUCATIONAL TECHNOLOGY CONSORTIUM INC

Form 990 for tax year 2024

Filed by WAICU EDUCATIONAL TECHNOLOGY CONSORTIUM INC.

Totals

Total revenue
$1,778,010
Total expenses
$2,209,489
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,733,244
Investment income
$44,766
Other revenue
$0
Total assets, end of year
$690,173
Total liabilities, end of year
$19,078
Net assets or fund balances, end of year
$671,095
Program services expenses (Part IX)
$2,089,827
Management and general expenses
$119,662
Fundraising expenses
$0
Program service expenses (Part III)
$2,089,827

Program services were 94.6% 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.

  • 2a · Program service revenue: MEMBER DUES & CONTRIBU

    total $1,698,530 · related or exempt $1,698,530

  • 2b · Program service revenue: SOFTWARE AND SUPPORT F

    total $34,714 · related or exempt $34,714

  • 3 · Investment income

    total $44,766 · excluded $44,766

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $265,915 · program services $146,253 · management and general $119,662

  • 11g · Fees: other

    total $37,190 · program services $37,190

  • 14 · Information technology

    total $360,300 · program services $360,300

  • 24a · Other expenses: SOFTWARE LICENSES & SUB

    total $1,546,084 · program services $1,546,084

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,129,703 · end of year $68,426

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

    $1,513,526

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

    $1,513,526

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $621,747

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,129 · end of year $19,078

  • 27 · Net assets without donor restrictions

    beginning of year $1,102,574 · end of year $671,095

Mission and programs · 2024

Mission

THE PURPOSES OF WAICU ETC ARE TO PURCHASE, IMPLEMENT, AND OPERATE INFORMATION TECHNOLOGY SYSTEMS, INCLUDING COMPUTER HARDWARE AND SOFTWARE, FOR ITS MEMBERS AND TO MANAGE THE ONGOING OPERATION AND MAINTENANCE OF SUCH SYSTEMS AS ITS MEMBERS MAY REQUIRE OR DIRECT IN FURTHERANCE OF THEIR EDUCATIONAL MISSIONS AND GOALS.

Activities or mission (Part I)

TO PURCHASE, IMPLEMENT, AND OPERATE INFORMATION TECHNOLOGY SYSTEMS FOR ITS MEMBERS.

  • PROVIDED JOINT LICENSING, IMPLEMENTATION, OPERATION, AND MAINTENANCE OF ADMINISTRATIVE AND ACADEMIC SOFTWARE FOR MEMBER COLLEGES AND UNIVERSITIES.

    Expenses $2,089,827 · Revenue $1,733,244

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

Listed in Part VII

  • Ted Wilder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chuck Grubisic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deidre Erwin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rick Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Rodman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Gumieny

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diane Hoehnke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Schultz

    EXECUTIVE DIRECTOR

    Total calculated
    $128,381
    From this org
    $0
    From related orgs
    $128,381
    Other
    $0
    Hours/week
    40

  • Jennifer Dehart

    SECRETARY/TREASURER

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

    Schedule J breakdown matched by us

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

  • Eric Fulcomer

    PRESIDENT

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

    Schedule J breakdown matched by us

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

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)

PART I, LINE 3
THE DIRECTORS AND OFFICERS ARE NOT COMPENSATED BY THE WAICU EDUCATIONAL TECHNOLOGY CONSORTIUM, INC. THE EXECUTIVE DIRECTOR AND OFFICERS ARE COMPENSATED BY A RELATED ORGANIZATION, THE WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, INC. (WAICU). WAICU HAS PROCESSES FOR DETERMINING THE COMPENSATION OF THESE PERSONS THAT INCLUDE REVIEW AND APPROVAL BY INDEPENDENT PERSONS, REFERENCE TO COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.

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

No itemized grants to organizations on this return.

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
17 December 2025
IRS schema version
2024v5.2
Source object
202503519349301675

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