Civic Intelligence

Northwood Technical College Foundation Inc.

990 • Fiscal year 2016 • EIN 39-1313438

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 14, 2016

Organization ProfileWWW.WITC.EDU/FOUNDATION
505 Pine Ridge DriveShell Lake, WI 54871

(715) 468-2815

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

52nd percentile

0.12x

Higher debt load relative to revenue than 52% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

76th percentile

16%

Higher net margin than 76% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

47th percentile

0.6%

Faster asset growth than 47% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

10th percentile

-32%

Faster revenue growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$3,780,106

Up $23,731 (+0.6%) from 2015

Net Assets

Up

$3,729,461

Up $22,968 (+0.6%) from 2015

Liabilities

Up

$50,645

Up $763 (+1.5%) from 2015

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin76th percentile

Revenue

Down

$431,396

Down $199,261 (-32%) from 2015

Expenses

Down

$363,334

Down $23,773 (-6.1%) from 2015

Net Income

Down

$68,062

Down $175,488 (-72%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,861,405Liabilities 2011: $49,128Net Assets 2011: $2,812,2772011Assets 2012: $2,917,268Liabilities 2012: $65,596Net Assets 2012: $2,851,6722012Assets 2013: $3,120,056Liabilities 2013: $46,268Net Assets 2013: $3,073,7882013Assets 2014: $3,565,614Liabilities 2014: $54,858Net Assets 2014: $3,510,7562014Assets 2015: $3,756,375Liabilities 2015: $49,882Net Assets 2015: $3,706,4932015Assets 2016: $3,780,106Liabilities 2016: $50,645Net Assets 2016: $3,729,4612016Assets 2017: $4,663,698Liabilities 2017: $61,255Net Assets 2017: $4,602,4432017Assets 2018: $4,830,604Liabilities 2018: $58,324Net Assets 2018: $4,772,2802018Assets 2019: $5,090,490Liabilities 2019: $58,923Net Assets 2019: $5,031,5672019Assets 2020: $5,083,297Liabilities 2020: $50,066Net Assets 2020: $5,033,2312020Assets 2021: $6,226,800Liabilities 2021: $56,740Net Assets 2021: $6,170,0602021Assets 2022: $5,433,392Liabilities 2022: $45,941Net Assets 2022: $5,387,4512022Assets 2023: $5,843,655Liabilities 2023: $56,251Net Assets 2023: $5,787,4042023Assets 2024: $6,412,346Liabilities 2024: $67,155Net Assets 2024: $6,345,1912024Assets 2025: $7,315,739Liabilities 2025: $72,304Net Assets 2025: $7,243,4352025

Highlighted filing

2016

Assets$3,780,106
Liabilities$50,645
Net Assets$3,729,461
Open 2016 Filing

Operations Trend

Revenue Growth10th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $787,383Expenses 2011: $588,269Net Income 2011: $199,1142011Expenses 2012: $565,8072012Revenue 2013: $384,369Expenses 2013: $268,162Net Income 2013: $116,2072013Revenue 2014: $479,857Expenses 2014: $363,348Net Income 2014: $116,5092014Revenue 2015: $630,657Expenses 2015: $387,107Net Income 2015: $243,5502015Revenue 2016: $431,396Expenses 2016: $363,334Net Income 2016: $68,0622016Revenue 2017: $1,273,097Expenses 2017: $377,133Net Income 2017: $895,9642017Revenue 2018: $602,588Expenses 2018: $493,346Net Income 2018: $109,2422018Revenue 2019: $559,900Expenses 2019: $449,535Net Income 2019: $110,3652019Revenue 2020: $337,922Expenses 2020: $470,470Net Income 2020: -$132,5482020Revenue 2021: $913,186Expenses 2021: $483,242Net Income 2021: $429,9442021Revenue 2022: $843,244Expenses 2022: $589,000Net Income 2022: $254,2442022Revenue 2023: $723,433Expenses 2023: $430,103Net Income 2023: $293,3302023Revenue 2024: $1,312,480Expenses 2024: $1,372,242Net Income 2024: -$59,7622024Revenue 2025: $1,077,177Expenses 2025: $524,914Net Income 2025: $552,2632025

Highlighted filing

2016

Revenue$431,396
Expenses$363,334
Net Income$68,062
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$727,615
Mission and Program Overview

Mission

To provide scholarships and grants

To provide scholarship funding and campus support

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,697,266$3,725,388▲ $28,122
Cash and Non-Interest-Bearing Accounts$55,559$51,129▼ $4,430
Accounts Receivable$3,550$3,589▲ $39
Total Assets$3,756,375$3,780,106▲ $23,731
Liabilities
Accounts Payable and Accrued Expenses$49,882$50,645▲ $763
Total Liabilities$49,882$50,645▲ $763
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,470,775$2,569,474▲ $98,699
Temporarily Rstr Net Assets$850,503$900,246▲ $49,743
Unrestricted Net Assets$385,215$259,741▼ $125,474
Total Net Assets Fund Balance$3,706,493$3,729,461▲ $22,968
Total Liabilities and Net Assets / Fund Balance$3,756,375$3,780,106▲ $23,731

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$3,084,421$49,334▲ $40,870-$3,149,148
2015$2,932,962$185,148▲ $59,674-$3,084,421
2014$2,685,220$134,824▲ $248,345-$2,932,962
2013$2,523,749$128,622▲ $156,432-$2,685,220
2012$2,499,266$77,912▲ $46,459-$2,523,749
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Charles SinglerPresident
Greg GuenardVice President
Dave MinorMember
Dennis EarlyMember
John JohnstonMember
John PeirsonMember
Lori GrayMember
Michael BebeauMember
Richard EisenmannMember
Richard VernonMember
Shay HortonMember
Carol KraftSecretary
Steve LeinoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$242,270
Program Service Revenue
$0
Investment Income
$128,716
Other Revenue
$60,410
All Other Contributions
$242,270
Change in Net Assets
$68,062

Audited Revenue Reconciliation

Revenue per Audited Statements
$431,396
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$317,416
Total Revenue per Audited Statements
$748,812
Total Revenue per Form 990
$431,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$228,987
Other Expenses$134,347
Total Fundraising Expense$4,889
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$228,987--$228,987
Fees for Services Other-$58,536$508$59,044
Fees for Service Investment Mgmnt Fees-$15,996-$15,996
Fees for Services Accounting-$4,225-$4,225
Office Expenses-$3,735-$3,735
All Other Expenses$2,381--$2,381
Other Expenses$2,062-$4,381$2,062
Conferences and Meetings-$1,177-$1,177
Total Functional Expenses$274,776$83,669$4,889$363,334

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$725,844
Expenses per Audited Statements$363,334
Total Expenses per Form 990$363,334
Expenses Not Reported on Form 990$362,510
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$108,634
Fundraising Direct Expenses$48,224
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wine Event$44,867$44,867$7,077$37,790
Golf Event$39,657$39,657$24,177$15,480
Total Events$108,634$108,634$48,224$60,410
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“The organization has an audit of its financial records annually in which the full board of directors review the audited financial statements and approve the final statements. From this set of records, the foundation requests the auditing firm to prepare the 990 on its behalf. As part of the process, the foundation director reviews the tax return prior to signing the document and brings the 990 to the executive board consisting of the President, Vice-President and Treasurer for their review prior to the Treasurer's signature and filing with the IRS.”

Form 990, Part VI, Section C, line 19

“the FOUNDATION PROVIDES FULL PUBLIC ACCESS TO THE POLICIES, PROCEDURES, AND ANY FINANCIAL STATEMENTS OF THE FOUNDATION. ALL ORGANIZATIONAL POLICIES, PROCEDURES AND FINANCIALS ARE AVAILABLE ON FILE AT THE DISTRICT OFFICE IN SHELL LAKE, WI AND ARE AVAILABLE THROUGH WRITTEN PUBLIC RECORDS REQUEST.”

Filing and Contact Details

Filer

Filer Name
Wisconsin Indianhead Technical College
EIN
39-1313438
Phone
7154682815
Address
505 PINE RIDGE DRIVE, SHELL LAKE, WI 54871

Signing Officer

Name
Steve Leino
Title
Treasurer
Phone
7154682815
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Leino
Formed
1978
Legal Domicile
Wi
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
269

Preparer

Firm
Wipfli LLP
Address
3703 Oakwood Hills Pkwy, Eau Claire, WI 54701
Preparer
Rob Ganschow CPA
Phone
7158323407
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Alumni & development staff: Program service expenses 0. Management and general expenses 58,536. Fundraising expenses 508. Total expenses 59,044.”

Form 990, Part XI, Line 2C

“Board of directors selects independent auditor. The oversight process has not changed from the prior year.”

Financial Statement Notes

Part V, Line 4:

“There are two main uses for the Foundation's endowment funds. First, to provide student scholarships designated specifically by the donors for this purpose. Second, for general operational support of the College's departments, which have also been specifically designated by the donors.”

Part XI, Line 2D - Other Adjustments:

“Fundraiser income is netted with expenses on tax return 48,224.”

Part XII, Line 2D - Other Adjustments:

“Fundraiser income is netted with expenses on tax return 48,224.”

Raw XML AppendixShowing 400 of 476 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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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03735
IRS990/OfficeExpensesGrp/TotalAmt03735
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0COLLEGE SUPPORT
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2CULTIVATION EXPENSE
IRS990/OtherExpensesGrp/Desc3AMBASSADOR PROGRAM
IRS990/OtherExpensesGrp/FundraisingAmt04381
IRS990/OtherExpensesGrp/ProgramServicesAmt035300
IRS990/OtherExpensesGrp/ProgramServicesAmt16046
IRS990/OtherExpensesGrp/ProgramServicesAmt22062
IRS990/OtherExpensesGrp/TotalAmt035300
IRS990/OtherExpensesGrp/TotalAmt16046
IRS990/OtherExpensesGrp/TotalAmt24381
IRS990/OtherExpensesGrp/TotalAmt32062
IRS990/PartialLiquidationInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02470775
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02569474
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0STEVE LEINO
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0369501
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0224444
IRS990/PYInvestmentIncomeAmt0171473
IRS990/PYOtherExpensesAmt0162663
IRS990/PYOtherRevenueAmt089683
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0243550
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0387107
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0630657
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt068062
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0242270
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0369501
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0324037
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0209436
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0553945
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01699189
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt072683
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt069200
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt060925
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt065809
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt072614
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0341231
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.78930
IRS990ScheduleA/PublicSupportPY170Pct00.81230
IRS990ScheduleA/PublicSupportTotal170Amt01610568
IRS990ScheduleA/SubstantialContributorsTotAmt088621
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0242270
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0369501
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0324037
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0209436
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0553945
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01699189
IRS990ScheduleA/TotalSupportAmt02040420
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03084421
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt049334
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03149148
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt025477
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt040870
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02932962
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0185148
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03084421
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt093363
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt059674
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02685220
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0134824
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02932962
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0135427
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0248345
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02523749
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0128622
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02685220
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0123583
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0156432
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02499266
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt077912
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02523749
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt099888
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt046459
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0314286
IRS990ScheduleD/DonatedServicesUseFcltsAmt0314286
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0362510
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0363334
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-45094
IRS990ScheduleD/OtherExpensesIncludedAmt048224
IRS990ScheduleD/OtherRevenueAmt048224
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.81590
IRS990ScheduleD/RevenueNotReportedAmt0317416
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0431396
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0There are two main uses for the Foundation's endowment funds. First, to provide student scholarships designated specifically by the donors for this purpose. Second, for general operational support of the College's departments, which have also been specifically designated by the donors.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISER INCOME IS NETTED WITH EXPENSES ON TAX RETURN 48,224.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISER INCOME IS NETTED WITH EXPENSES ON TAX RETURN 48,224.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.18410
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0363334
IRS990ScheduleD/TotalRevenuePerForm990Amt0431396
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0748812
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0725844
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt048224
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Golf Event
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Wine Event
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt039657
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt044867
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt024110
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0108634
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt039657
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt044867
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt024110
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0108634
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt060410
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt016970
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt048224
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt024177
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt07077
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0228987
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS AND STUDENT SUPPORT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0350
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Schedule I, Part I, Line 2: Student scholarships are administered through the WITC Financial Aid office. Scholarship awards are deposited directly into the student's WITC campus account. The financial aid office monitors all the financial aid that students receive.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has an audit of its financial records annually in which the full board of directors review the audited financial statements and approve the final statements. From this set of records, the foundation requests the auditing firm to prepare the 990 on its behalf. As part of the process, the foundation director reviews the tax return prior to signing the document and brings the 990 to the executive board consisting of the President, Vice-President and Treasurer for their review prior to the Treasurer's signature and filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1the FOUNDATION PROVIDES FULL PUBLIC ACCESS TO THE POLICIES, PROCEDURES, AND ANY FINANCIAL STATEMENTS OF THE FOUNDATION. ALL ORGANIZATIONAL POLICIES, PROCEDURES AND FINANCIALS ARE AVAILABLE ON FILE AT THE DISTRICT OFFICE IN SHELL LAKE, WI AND ARE AVAILABLE THROUGH WRITTEN PUBLIC RECORDS REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Alumni & development staff: Program service expenses 0. Management and general expenses 58,536. Fundraising expenses 508. Total expenses 59,044.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS SELECTS INDEPENDENT AUDITOR. THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,780,106
Liabilities
$50,645
Net assets
$3,729,461
Revenue
$431,396
Expenses
$363,334
Net income
$68,062
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.32$0.07$7.24$1.08$0.52$0.55
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.41$0.07$6.35$1.31$1.37$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.84$0.06$5.79$0.72$0.43$0.29
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.43$0.05$5.39$0.84$0.59$0.25
2021Summary only. Only limited summary data is available for this year.$6.23$0.06$6.17$0.91$0.48$0.43
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.08$0.05$5.03$0.34$0.47$0.13
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.09$0.06$5.03$0.56$0.45$0.11
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.83$0.06$4.77$0.60$0.49$0.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.66$0.06$4.60$1.27$0.38$0.90
2016Detailed filing. Detailed filing data is available for this year.$3.78$0.05$3.73$0.43$0.36$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.76$0.05$3.71$0.63$0.39$0.24
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.57$0.05$3.51$0.48$0.36$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.12$0.05$3.07$0.38$0.27$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.92$0.07$2.85$0.57
2011Summary only. Only limited summary data is available for this year.$2.86$0.05$2.81$0.79$0.59$0.20