Southwest Wisconsin Technical College Foundation Inc.

“The prepared form 990 is reviewed by the foundation director before the return is filed with the irs.”

“The foundation's conflict of interest policy covers all of its directors and principal officers, as defined in the policy. Any director, principal officer, or member of a committee with broad authority to act on behalf of the governing body who has a direct or indirect financial interest, as defined in the policy, is considered an interested person. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she must leave the meeting of the governing body while the determination of a conflict of interest is discussed and voted upon. The remaining directors will decide if a conflict of interest exists. An interested person may make a presentation at the meeting of the governing body, but after the presentation he/she must leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. After exercising due diligence, the governing body will determine whether the foundation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. To ensure the foundation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, the foundation will conduct periodic reviews of, but not limited to, whether partnerships or other arrangements with third parties conform to the foundation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit, or in an excess benefit transaction.”

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public on southwest wisconsin technical college's website as well as upon request.”

“Employee leasing services: program service expenses 129,171. Management and general expenses 49,498. Fundraising expenses 89,236. Total expenses 267,905. Management consulting services: program service expenses 14,746. Management and general expenses 12,740. Fundraising expenses 0. Total expenses 27,486.”