Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
1st percentile
Faster asset growth than 1% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Down$0
Down $40,893,252 (-100%) from 2012
Net Assets
Down$0
Down $40,893,252 (-100%) from 2012
Liabilities
Flat$0
Flat from 2012
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Up$40,964,992
Up $40,168,121 (+5041%) from 2012
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2012 to Jun 30, 2013
- Signed
- Oct 15, 2013
- Return Version
- 2012v2.1
- Gross Receipts
- $84,516
Mission and Program Overview
Major Activities
- Activity 2
- Wisconsin Workforce Partnership Grants provided funding to Wisconsin technical colleges to make significant investments in equipment, supplies and specialized instruction to provide training in advanced manufacturing. The goal of the Wisconsin Workforce Partnership was to facilitate collaboration between technical colleges and partner businesses to develop program curricula that will benefit all students enrolled in these manufacturing programs.
- Activity 3
- The Wisconsin Covenant Foundation, Inc. in an effort to further promote access to higher education, success in higher education and affordability of higher education, as well as to reduce administrative costs in support of the same, provided a grant to Great Lakes Higher Education Guaranty Corporation (GLHEGC). GLHEGC will continue to provide grant assistance to low-income students and non-profit educational institutions in Wisconsin in support of the Wisconsin Covenant Program and similar postsecondary educational access and/or persistence initiatives in place of the work previously done by the Wisconsin Covenant Foundation, Inc.
Filing and Contact Details
Filer
- EIN
- 26-1550326
Raw XML AppendixShowing 400 of 506 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990/AccountsPayableAccruedExpenses/EOY | 0 | 0 |
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| IRS990/AccountsReceivable/EOY | 0 | 0 |
| IRS990/ActivitiesConductedPartnership | 0 | false |
| IRS990/Activity2/Description | 0 | Wisconsin Workforce Partnership Grants provided funding to Wisconsin technical colleges to make significant investments in equipment, supplies and specialized instruction to provide training in advanced manufacturing. The goal of the Wisconsin Workforce Partnership was to facilitate collaboration between technical colleges and partner businesses to develop program curricula that will benefit all students enrolled in these manufacturing programs. |
| IRS990/Activity2/Expense | 0 | 1497318 |
| IRS990/Activity2/Grants | 0 | 1497318 |
| IRS990/Activity3/Description | 0 | The Wisconsin Covenant Foundation, Inc. in an effort to further promote access to higher education, success in higher education and affordability of higher education, as well as to reduce administrative costs in support of the same, provided a grant to Great Lakes Higher Education Guaranty Corporation (GLHEGC). GLHEGC will continue to provide grant assistance to low-income students and non-profit educational institutions in Wisconsin in support of the Wisconsin Covenant Program and similar postsecondary educational access and/or persistence initiatives in place of the work previously done by the Wisconsin Covenant Foundation, Inc. |
| IRS990/Activity3/Expense | 0 | 36720206 |
| IRS990/Activity3/Grants | 0 | 36720206 |
| IRS990/ActivityOrMissionDescription | 0 | See Schedule O |
| IRS990/AddressPrincipalOfficerUS/AddressLine1 | 0 | 2401 International Lane |
| IRS990/AddressPrincipalOfficerUS/City | 0 | Madison |
| IRS990/AddressPrincipalOfficerUS/State | 0 | WI |
| IRS990/AddressPrincipalOfficerUS/ZIPCode | 0 | 53704 |
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| IRS990/AnnualDisclosureCoveredPersons | 0 | true |
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| IRS990/ContractorCompensation/NameOfContractor/NamePerson | 0 | NONE |
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| IRS990/CreditCounseling | 0 | false |
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| IRS990/DepreciationDepletion/Total | 0 | 0 |
| IRS990/DescribedIn501C3 | 0 | true |
| IRS990/Description | 0 | The Wisconsin Covenant Foundation, Inc. provided grant assistance to low-income students and non-profit educational institutions in Wisconsin in support of the Wisconsin Covenant Program and similar postsecondary educational access and/or persistence initiatives. The goals of the Wisconsin Covenant Program were to promote access to higher education, success in higher education and affordability of higher education. The Wisconsin Covenant Foundation, Inc. distributed funds to the eligible Wisconsin Covenant Program students and institutions to better lives and Wisconsin's future through higher education. |
| IRS990/DisregardedEntity | 0 | false |
| IRS990/DocumentRetentionPolicy | 0 | false |
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| IRS990/Expense | 0 | 2700649 |
| IRS990/FamilyOrBusinessRelationship | 0 | false |
| IRS990/FederalGrantAuditRequired | 0 | false |
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| IRS990/FeesForServicesAccounting/Total | 0 | 25188 |
| IRS990/FeesForServicesInvstMgmntFees/Total | 0 | 0 |
| IRS990/FeesForServicesLegal/ManagementAndGeneral | 0 | 118 |
| IRS990/FeesForServicesLegal/Total | 0 | 118 |
| IRS990/FeesForServicesLobbying/Total | 0 | 0 |
| IRS990/FeesForServicesManagement/Total | 0 | 0 |
| IRS990/FeesForServicesOther/ManagementAndGeneral | 0 | 4998 |
| IRS990/FeesForServicesOther/Total | 0 | 4998 |
| IRS990/FeesForServicesProfFundraising/Total | 0 | 0 |
| IRS990/FollowSFAS117 | 0 | X |
| IRS990/ForeignActivities | 0 | false |
| IRS990/ForeignFinancialAccount | 0 | false |
| IRS990/ForeignGrants/Total | 0 | 0 |
| IRS990/ForeignOffice | 0 | false |
| IRS990/Form8282PropertyDisposedOf | 0 | false |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 0 | 1.0 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 1 | 1.0 |
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| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 5 | 1.0 |
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| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 5 | X |
| IRS990/Form990PartVIISectionA/NamePerson | 0 | Thomas J Boldt |
| IRS990/Form990PartVIISectionA/NamePerson | 1 | Richard George President |
| IRS990/Form990PartVIISectionA/NamePerson | 2 | David J Hanson Secretary |
| IRS990/Form990PartVIISectionA/NamePerson | 3 | Scott Klug |
| IRS990/Form990PartVIISectionA/NamePerson | 4 | Joan M Prince |
| IRS990/Form990PartVIISectionA/NamePerson | 5 | Mary Burke Vice Chairman |
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| IRS990/Form990PartVIISectionA/Officer | 1 | X |
| IRS990/Form990PartVIISectionA/Officer | 2 | X |
| IRS990/Form990PartVIISectionA/OtherCompensation | 0 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 1 | 0 |
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| IRS990/Form990PartVIISectionA/Title | 0 | Director |
| IRS990/Form990PartVIISectionA/Title | 1 | Treasurer & Director |
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| IRS990/Form990PartVIISectionA/Title | 4 | Director |
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| IRS990/GrantsAndSimilarAmntsCY | 0 | 40918173 |
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| IRS990/GrantsToIndividuals | 0 | true |
| IRS990/GrantsToOrganizations | 0 | true |
| IRS990/GrantToRelatedPerson | 0 | false |
| IRS990/GrossReceipts | 0 | 84516 |
| IRS990/GroupReturnForAffiliates | 0 | false |
| IRS990/Hospital | 0 | false |
| IRS990/IncomeFromInvestBondProceeds/TotalRevenueColumn | 0 | 0 |
| IRS990/IndependentAuditFinancialStmt | 0 | false |
| IRS990/IndoorTanningServices | 0 | false |
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| IRS990/Interest/Total | 0 | 0 |
| IRS990/InventoriesForSaleOrUse/BOY | 0 | 0 |
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| IRS990/InvestmentIncome/ExclusionAmount | 0 | 47226 |
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| IRS990/InvestmentIncome/TotalRevenueColumn | 0 | 47226 |
| IRS990/InvestmentInJointVenture | 0 | false |
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| IRS990/InvestmentsPubTradedSecurities/BOY | 0 | 32022586 |
| IRS990/InvestmentsPubTradedSecurities/EOY | 0 | 0 |
| IRS990/LandBuildingsEquipmentBasisNet/BOY | 0 | 0 |
| IRS990/LoansFromOfficersDirectors/BOY | 0 | 0 |
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| IRS990/LoanToOfficerOrDQP | 0 | false |
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| IRS990/MinutesOfCommittees | 0 | true |
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| IRS990/MissionDescription | 0 | THE WISCONSIN COVENANT FOUNDATION, INC. PROVIDED GRANT ASSISTANCE TO LOW-INCOME STUDENTS AND OTHERS FOR POST-SECONDARY EDUCATION IN WISCONSIN IN SUPPORT OF THE WISCONSIN COVENANT PROGRAM AND SIMILAR POSTSECONDARY EDUCATIONAL ACCESS AND/OR PERSISTENCE INITIATIVES. THE WISCONSIN COVENANT PROGRAM WAS MEMORIALIZED IN THE WISCONSIN COVENANT MEMORANDUM OF UNDERSTANDING EXECUTED ON SEPTEMBER 6, 2006 AMONG THE WISCONSIN GOVERNOR, THE WISCONSIN DEPARTMENT OF PUBLIC INSTRUCTION, THE WISCONSIN TECHNICAL COLLEGE SYSTEM, THE UNIVERSITY OF WISCONSIN SYSTEM AND THE WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES. THIS MISSION STATEMENT WAS REVIEWED, ACKNOWLEDGED AND APPROVED BY THE BOARD. |
| IRS990/MoreThan5000KToIndividuals | 0 | false |
| IRS990/MoreThan5000KToOrganizations | 0 | false |
| IRS990/MortNotesPyblSecuredInvestProp/BOY | 0 | 0 |
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| IRS990/NameOfPrincipalOfficerPerson | 0 | Richard D George |
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| IRS990/Organization501c3 | 0 | X |
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| IRS990/OtherAssetsTotal/EOY | 0 | 0 |
| IRS990/OtherEmployeeBenefits/Total | 0 | 0 |
| IRS990/OtherExpensePriorYear | 0 | 33713 |
| IRS990/OtherExpensesCurrentYear | 0 | 46819 |
| IRS990/OtherExpenses/Description | 0 | FILING AND LICENSING |
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| IRS990/OtherExpenses/Total | 0 | 165 |
| IRS990/OtherLiabilities/BOY | 0 | 0 |
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| IRS990/PartialLiquidation | 0 | false |
| IRS990/PaymentsToAffiliates/Total | 0 | 0 |
| IRS990/PayrollTaxes/Total | 0 | 0 |
| IRS990/PensionPlanContributions/Total | 0 | 0 |
| IRS990/PermanentlyRestrictedNetAssets/BOY | 0 | 0 |
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| IRS990/PoliticalActivities | 0 | false |
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| IRS990/SavingsAndTempCashInvestments/BOY | 0 | 8790000 |
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| IRS990ScheduleA/AmountsSubstContributorsTotal | 0 | 341960 |
| IRS990ScheduleA/GeneralExplanation | 0 | Great Lakes Higher Education Corporation, a substantial contributor, had a services agreement with Wisconsin Covenant Foundation, Inc. (Foundation) to provide certain management and administrative services and to act as the Foundation's principal agent. These services were provided to the Foundation at a nominal cost of $1.00/annum as an additional means of support to the Foundation to enable its resources to be applied exclusively to its charitable mission. Schedule A, Part II, Line 1: Contributed services relate to expenses paid on behalf of the Wisconsin Covenant Foundation, Inc. and are included as contributions. |
| IRS990ScheduleA/GeneralExplanation | 1 | Other Additional Information: Great Lakes Higher Education Corporation, a section 501(c)(3) charity, operates for the support and benefit of great lakes higher education guaranty corporation (GLHEGC) and northstar guarantee inc. (Northstar). GLHEGC and northstar ensure enablement of access to post-secondary education by providing cost effective guaranty agency services and, prospectively, lower cost or otherwise unavailable funding for federally guaranteed loans to students and parents and/or alternative non-federally guaranteed loans. Wisconsin Covenant Foundation, Inc. (Foundation) was incorporated on October 31, 2007, as a nonstock, nonprofit corporation organized for charitable and educational purposes, including specifically assisting low-income students in paying for the cost of post-secondary education in Wisconsin. The Foundation worked with the Wisconsin Covenant Program (Program) to provide grants to students attending a higher education institution who met the eligibility requirements of the Program. The program was memorialized in the Wisconsin Covenant Memorandum of Understanding executed on September 6, 2006 among the Wisconsin Governor, the Wisconsin Department of Public Instruction, the Wisconsin Technical College System, the University of Wisconsin System and the Wisconsin Association of Independent Colleges and Universities. The goals of the program were to promote access to higher education, success in higher education and affordability of higher education. |
| IRS990ScheduleA/GeneralExplanation | 2 | The Wisconsin Covenant Foundation (Foundation) meets the 10% public support requirement under the facts-and-circumstances test for the year ended June 30, 2013. Primarily as a result of state legislation that prospectively terminated state support for the Program, The Foundation has not been as successful as originally anticipated in generating significant public donations over the last few years due in part to economic difficulties encountered by those individuals and organizations that are most likely to donate funds to assist students who attend a higher education institution. Over the past fiscal year, the Foundation attempted to attract public support of its mission by maintaining a website where donations can be made and by expanding its visibility through offering new Wisconsin Workforce Partnership Grants. |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYear | 0 | 37290 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus1Year | 0 | 133713 |
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| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus3Years | 0 | 31658 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus4Years | 0 | 38736 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/Total | 0 | 615073 |
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| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus1Year | 0 | 130777 |
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| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus3Years | 0 | 58259 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus4Years | 0 | 432858 |
| IRS990ScheduleA/GrossInvestmentIncome170/Total | 0 | 788459 |
| IRS990ScheduleA/NetUBI/Total | 0 | 0 |
| IRS990ScheduleA/OtherIncome170/Total | 0 | 0 |
| IRS990ScheduleA/PubliclySupportedOrg170b1Avi | 0 | X |
| IRS990ScheduleA/PublicSupportPertcentage170 | 0 | 0.19459 |
| IRS990ScheduleA/PublicSupportPertcentPriorYear | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportTotal170 | 0 | 273113 |
| IRS990ScheduleA/TaxRevLeviedForOrgBenefit170/Total | 0 | 0 |
| IRS990ScheduleA/TenPercentTestCurrentYear | 0 | X |
| IRS990ScheduleA/Total170/CurrentTaxYear | 0 | 37290 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year | 0 | 133713 |
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| IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years | 0 | 31658 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years | 0 | 38736 |
| IRS990ScheduleA/Total170/Total | 0 | 615073 |
| IRS990ScheduleA/TotalSupport | 0 | 1403532 |
| IRS990ScheduleA/ValueSrvcFcltsFurnishedByGovt/Total | 0 | 0 |
| IRS990ScheduleB/ContributorInfo/AggregateContributions | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorNumber | 0 | RESTRICTED |
| IRS990/ScheduleBRequired | 0 | true |
| IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant | 0 | 2700649 |
| IRS990ScheduleI/Form990ScheduleIPartIII/DescriptionOfNonCashAssistance | 0 | See Part IV |
| IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients | 0 | 2392 |
| IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant | 0 | Wisconsin Covenant Scholar Program |
| IRS990ScheduleI/Form990ScheduleIPartIV/Explanation | 0 | In The United States: Wisconsin Covenant Foundation, Inc. (Foundation) received periodic reports detailing the distribution of the Wisconsin Covenant Scholar grant funds to postsecondary schools (who disbursed the grants directly to the recipients). The recipients were determined based on criteria defined by the Program and no individual recipient receives more than $1,500 per year. In addition, the Foundation received data on the number of students completing the manufacturing training programs and their resulting job placements from those technical colleges participating in the Wisconsin Workforce Partnership Program. |
| IRS990ScheduleI/Form990ScheduleIPartIV/Identifier | 0 | Form 990, Schedule I |
| IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference | 0 | Description of Organization's Procedures for Monitoring the Use of Grants |
| IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1 | 0 | 2401 International Lane |
| IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1 | 1 | 3520 30th Ave |
| IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1 | 2 | 235 N National Ave |
| IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1 | 3 | 5364 College Drive |
| IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1 | 4 | 1800 Bronson Blvd |
| IRS990ScheduleI/RecipientTable/AddressUS/City | 0 | Madison |
| IRS990ScheduleI/RecipientTable/AddressUS/City | 1 | Kenosha |
| IRS990ScheduleI/RecipientTable/AddressUS/City | 2 | Fond du Lac |
| IRS990ScheduleI/RecipientTable/AddressUS/City | 3 | Rhinelander |
| IRS990ScheduleI/RecipientTable/AddressUS/City | 4 | Fennimore |
| IRS990ScheduleI/RecipientTable/AddressUS/State | 0 | WI |
| IRS990ScheduleI/RecipientTable/AddressUS/State | 1 | WI |
| IRS990ScheduleI/RecipientTable/AddressUS/State | 2 | WI |
| IRS990ScheduleI/RecipientTable/AddressUS/State | 3 | WI |
| IRS990ScheduleI/RecipientTable/AddressUS/State | 4 | WI |
| IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode | 0 | 53704 |
| IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode | 1 | 53144 |
| IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode | 2 | 54935 |
| IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode | 3 | 54501 |
| IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode | 4 | 53809 |
| IRS990ScheduleI/RecipientTable/AmountOfCashGrant | 0 | 36480184 |
| IRS990ScheduleI/RecipientTable/AmountOfCashGrant | 1 | 323435 |
| IRS990ScheduleI/RecipientTable/AmountOfCashGrant | 2 | 231342 |
| IRS990ScheduleI/RecipientTable/AmountOfCashGrant | 3 | 378384 |
| IRS990ScheduleI/RecipientTable/AmountOfCashGrant | 4 | 564157 |
| IRS990ScheduleI/RecipientTable/AmountOfNonCashAssistance | 0 | 240022 |
| IRS990ScheduleI/RecipientTable/DescriptionOfNonCashAssistance | 0 | Grant |
| IRS990ScheduleI/RecipientTable/EINOfRecipient | 0 | 391853833 |
| IRS990ScheduleI/RecipientTable/EINOfRecipient | 1 | 391290708 |
| IRS990ScheduleI/RecipientTable/EINOfRecipient | 2 | 391088212 |
| IRS990ScheduleI/RecipientTable/EINOfRecipient | 3 | 391086910 |
| IRS990ScheduleI/RecipientTable/EINOfRecipient | 4 | 391828080 |
| IRS990ScheduleI/RecipientTable/IRCSection | 0 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSection | 1 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSection | 2 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSection | 3 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSection | 4 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/MethodOfValuation | 0 | BOOK |
| IRS990ScheduleI/RecipientTable/PurposeOfGrant | 0 | Post Secondary Education Grant |
| IRS990ScheduleI/RecipientTable/PurposeOfGrant | 1 | WI Workforce Partnership |
| IRS990ScheduleI/RecipientTable/PurposeOfGrant | 2 | WI Workforce Partnership |
| IRS990ScheduleI/RecipientTable/PurposeOfGrant | 3 | WI Workforce Partnership |
| IRS990ScheduleI/RecipientTable/PurposeOfGrant | 4 | WI Workforce Partnership |
| IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine1 | 0 | Great Lakes Higher Education Guaranty Corp |
| IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine1 | 1 | Gateway Technical College |
| IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine1 | 2 | Moraine Park Technical College |
| IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine1 | 3 | Nicolet Area Technical College |
| IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine1 | 4 | Southwest Wisconsin Technical College |
| IRS990ScheduleI/RecordsMaintained | 0 | true |
| IRS990ScheduleI/TotalNbrOf501C3AndGovtGrants | 0 | 5 |
| IRS990ScheduleI/TotalNbrOfOtherOrganizations | 0 | 0 |
| IRS990/ScheduleJRequired | 0 | false |
| IRS990ScheduleN/AssetsDistributed | 0 | true |
| IRS990ScheduleN/BondsOutstanding | 0 | false |
| IRS990ScheduleN/DirectorOfSuccessor | 0 | false |
| IRS990ScheduleN/EmployeeOfSuccessor | 0 | false |
| IRS990ScheduleN/Form990ScheduleNPartIII/Explanation | 0 | This form 990 for year ended June 30, 2013 represents the final return for the Wisconsin Covenant Foundation, Inc. (Foundation). Effective June 30, 2013, the Foundation was dissolved and the remaining assets were transferred via a grant to Great Lakes Higher Education Guaranty Corporation (GLHEGC) (39-1853833). GLHEGC is a tax-exempt organization under Internal Revenue Code section 501(c)(3) that operates to provide cost effective access to postsecondary education. GLHEGC will continue to support the Wisconsin Covenant Program and similar postsecondary educational access and/or persistence initiatives in place of the work previously done by the Foundation. Attached are copies of the Articles of Dissolution. |
| IRS990ScheduleN/Form990ScheduleNPartIII/Identifier | 0 | Schedule N, Part I: |
| IRS990ScheduleN/Form990ScheduleNPartIII/ReturnReference | 0 | Dissolution of Corporation |
| IRS990ScheduleN/LiabilitiesPaid | 0 | true |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/AddressUS/AddressLine1 | 0 | 2401 International Lane |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/AddressUS/AddressLine1 | 1 | 2401 International Lane |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/AddressUS/City | 0 | Madison |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/AddressUS/City | 1 | Madison |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/AddressUS/State | 0 | WI |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/AddressUS/State | 1 | WI |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/AddressUS/ZIPCode | 0 | 53704 |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/AddressUS/ZIPCode | 1 | 53704 |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/DateOfDistribution | 0 | 2013-06-30 |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/DateOfDistribution | 1 | 2013-06-30 |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/DescriptionOfAsset | 0 | Cash Grant |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/DescriptionOfAsset | 1 | Additional Grant Amount |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/EIN | 0 | 391853833 |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/EIN | 1 | 391853833 |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/FMVOfAsset | 0 | 36480184 |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/FMVOfAsset | 1 | 240022 |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/IRCSection | 0 | 501(c)(3) |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/IRCSection | 1 | 501(c)(3) |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/MethodOfFMVDetermination | 0 | Actual Cost |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/MethodOfFMVDetermination | 1 | Actual Cost |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/NamePerson | 0 | Great Lakes Higher Education Guaran |
| IRS990ScheduleN/LiquidationTable/LiquidationDetail/NamePerson | 1 | Great Lakes Higher Education Guaran |
| IRS990ScheduleN/OwnerOfSuccessor | 0 | false |
| IRS990ScheduleN/ReceiveCompensation | 0 | false |
| IRS990ScheduleN/RequiredToNotifyAG | 0 | false |
| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | TO PROVIDE GRANT ASSISTANCE TO LOW-INCOME STUDENTS AND OTHERS FOR POST-SECONDARY EDUCATION IN WISCONSIN IN SUPPORT OF THE WISCONSIN COVENANT PROGRAM AND SIMILAR POSTSECONDARY EDUCATIONAL ACCESS AND/OR PERSISTENCE INITIATIVES. ----------------------------------------------------------------------- |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | EFFECTIVE AS OF JUNE 30, 2013, WISCONSIN COVENANT FOUNDATION, INC. (FOUNDATION) WAS DISSOLVED. ALL PROGRAM SERVICES OF THE FOUNDATION ARE PRESENTLY BEING CONTINUED TO BE PERFORMED BY GREAT LAKES HIGHER EDUCATION GUARANTY CORPORATION (GLHEGC) (39-1853833), A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). -------------------------------------------------------------------------- |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | ON AN ANNUAL BASIS, THE CHAIRMAN AND/OR EXECUTIVE COMMITTEE OF THE BOARD REVIEWS THE FORM 990 PRIOR TO FILING. -------------------------------------------------------------------------- |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | EACH YEAR, DIRECTORS SIGNED A CONFLICT OF INTEREST DOCUMENT WHICH DISCLOSED ANY CONFLICTS. THE SIGNED DOCUMENTS WERE REVIEWED ANNUALLY BY THE CHAIRMAN OF THE BOARD. THE INDIVIDUAL ABSTAINED FROM DISCUSSION AND VOTE ON TOPICS WHERE A CONFLICT OF INTEREST EXISTED. -------------------------------------------------------------------------- |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | FORM 990, PART VI, LINE 19 FEDERAL LAW DOES NOT REQUIRE THAT SUCH DOCUMENTS BE MADE PUBLICLY AVAILABLE. DOCUMENTS ARE AVAILABLE UPON SPECIFIC REQUEST. -------------------------------------------------------------------------- |
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2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $0
- Liabilities
- $0
- Net assets
- $0
- Revenue
- -
- Expenses
- $40,964,992
- Net income
- -