Civic Intelligence

Northwood Technical College Foundation Inc.

990 • Fiscal year 2017 • EIN 39-1313438

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 07, 2017

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

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

37th percentile

0.05x

Higher debt load relative to revenue than 37% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

96th percentile

70%

Higher net margin than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

83rd percentile

23%

Faster asset growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

96th percentile

195%

Faster revenue growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$4,663,698

Up $883,592 (+23%) from 2016

Net Assets

Up

$4,602,443

Up $872,982 (+23%) from 2016

Liabilities

Up

$61,255

Up $10,610 (+21%) from 2016

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin96th percentile

Revenue

Up

$1,273,097

Up $841,701 (+195%) from 2016

Expenses

Up

$377,133

Up $13,799 (+3.8%) from 2016

Net Income

Up

$895,964

Up $827,902 (+1216%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth83rd 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

2017

Assets$4,663,698
Liabilities$61,255
Net Assets$4,602,443
Open 2017 Filing

Operations Trend

Revenue Growth96th 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

2017

Revenue$1,273,097
Expenses$377,133
Net Income$895,964
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 7, 2017
Return Version
2016v3.0
Gross Receipts
$1,484,591
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$3,725,388$4,454,251▲ $728,863
Cash and Non-Interest-Bearing Accounts$51,129$205,310▲ $154,181
Accounts Receivable$3,589$4,137▲ $548
Total Assets$3,780,106$4,663,698▲ $883,592
Liabilities
Accounts Payable and Accrued Expenses$50,645$61,255▲ $10,610
Total Liabilities$50,645$61,255▲ $10,610
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,569,474$3,237,986▲ $668,512
Temporarily Rstr Net Assets$900,246$1,039,951▲ $139,705
Unrestricted Net Assets$259,741$324,506▲ $64,765
Total Net Assets Fund Balance$3,729,461$4,602,443▲ $872,982
Total Liabilities and Net Assets / Fund Balance$3,780,106$4,663,698▲ $883,592

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$3,149,148$614,789▲ $272,905-$4,023,637
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
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Greg GuenardPresident
Carol KraftVice President
Charles SinglerMember
Dave MinorMember
Dennis EarlyMember
John JohnstonMember
John PeirsonMember
Lori GrayMember
Richard EisenmannMember
Richard VernonMember
Shay HortonMember
Steve LeinoSecretary
Michael BebeauTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$811,627
Program Service Revenue
$0
Investment Income
$399,427
Other Revenue
$62,043
All Other Contributions
$811,627
Change in Net Assets
$895,964

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$443,223Fair Market Value (FMV)
Total Noncash Contributions1$443,223-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,273,097
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$347,411
Total Revenue per Audited Statements
$1,620,508
Total Revenue per Form 990
$1,273,097
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$263,230
Other Expenses$113,903
Total Fundraising Expense$3,744
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$263,230--$263,230
Fees for Services Other-$54,471-$54,471
Fees for Service Investment Mgmnt Fees-$17,481-$17,481
Fees for Services Accounting-$4,860-$4,860
Office Expenses-$3,358-$3,358
Other Expenses$1,654-$3,744$1,654
Conferences and Meetings-$731-$731
All Other Expenses$275--$275
Total Functional Expenses$292,488$80,901$3,744$377,133

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$747,526
Expenses per Audited Statements$377,133
Total Expenses per Form 990$377,133
Expenses Not Reported on Form 990$370,393
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$104,079
Fundraising Direct Expenses$42,036
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wine Event$39,839$39,839$7,984$31,855
Golf Event$39,112$39,112$17,489$21,623
Total Events$104,079$104,079$42,036$62,043
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 11B

“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 Internal Revenue Service.”

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
Michael BeBeau
Title
Treasurer
Phone
7154682815
Signed
2017-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael BeBeau
Formed
1978
Legal Domicile
Wi
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
258

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 54,471. Fundraising expenses 0. Total expenses 54,471.”

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 42,036.”

Part XII, Line 2D - Other Adjustments:

“Fundraiser income is netted with expenses on tax return 42,036.”

Raw XML AppendixShowing 400 of 494 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/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt062043
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-22982
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0443223
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03358
IRS990/OfficeExpensesGrp/TotalAmt03358
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0COLLEGE SUPPORT
IRS990/OtherExpensesGrp/Desc1CULTIVATION EXPENSE
IRS990/OtherExpensesGrp/Desc2AMBASSADOR PROGRAM
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt03744
IRS990/OtherExpensesGrp/ProgramServicesAmt025509
IRS990/OtherExpensesGrp/ProgramServicesAmt11820
IRS990/OtherExpensesGrp/ProgramServicesAmt21654
IRS990/OtherExpensesGrp/TotalAmt025509
IRS990/OtherExpensesGrp/TotalAmt13744
IRS990/OtherExpensesGrp/TotalAmt21820
IRS990/OtherExpensesGrp/TotalAmt31654
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02569474
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt03237986
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Michael BeBeau
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0242270
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0228987
IRS990/PYInvestmentIncomeAmt0128716
IRS990/PYOtherExpensesAmt0134347
IRS990/PYOtherRevenueAmt060410
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt068062
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0363334
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0431396
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0895964
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0811627
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0242270
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0369501
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0324037
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0209436
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01956871
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt073456
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt072683
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt069200
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt060925
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt065809
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0342073
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.78750
IRS990ScheduleA/PublicSupportPY170Pct00.78930
IRS990ScheduleA/PublicSupportTotal170Amt01810489
IRS990ScheduleA/SubstantialContributorsTotAmt0146382
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0811627
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0242270
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0369501
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0324037
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0209436
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01956871
IRS990ScheduleA/TotalSupportAmt02298944
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/BeginningYearBalanceAmt03149148
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0614789
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04023637
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt013205
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0272905
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03084421
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt049334
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03149148
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt025477
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt040870
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02932962
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0185148
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03084421
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt093363
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt059674
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02685220
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0134824
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02932962
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0135427
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0248345
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02523749
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0128622
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02685220
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0123583
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0156432
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0328357
IRS990ScheduleD/DonatedServicesUseFcltsAmt0328357
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0370393
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0377133
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-22982
IRS990ScheduleD/OtherExpensesIncludedAmt042036
IRS990ScheduleD/OtherRevenueAmt042036
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.80470
IRS990ScheduleD/RevenueNotReportedAmt0347411
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01273097
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 42,036.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISER INCOME IS NETTED WITH EXPENSES ON TAX RETURN 42,036.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.19530
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0377133
IRS990ScheduleD/TotalRevenuePerForm990Amt01273097
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01620508
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0747526
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt042036
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Golf Event
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Wine Event
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt039112
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt039839
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt025128
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0104079
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt039112
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt039839
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt025128
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0104079
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt062043
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt016563
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt042036
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt017489
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt07984
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0263230
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS AND STUDENT SUPPORT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0356
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
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0443223
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE NUMBER OF CONTRIBUTIONS REPORTED REPRESENTS THE NUMBER OF CONTRIBUTORS.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Column (b):
IRS990ScheduleM/ThirdPartiesUsedInd00
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 Internal Revenue Service.
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 54,471. Fundraising expenses 0. Total expenses 54,471.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS SELECTS INDEPENDENT AUDITOR. THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,663,698
Liabilities
$61,255
Net assets
$4,602,443
Revenue
$1,273,097
Expenses
$377,133
Net income
$895,964
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
2017Detailed filing. Detailed filing data is available for this year.$4.66$0.06$4.60$1.27$0.38$0.90
2016Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$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
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