2023-11-13T07:50:09-06:00 2023-06-30 390859910 BAKER TILLY US LLP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2022-07-01 391039417 WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES INC WISC 6082567761 122 W WASHINGTON AVENUE 700 MADISON WI 53703 ERIC FULCOMER PRESIDENT 6082567761 2023-10-26 1 ERIC FULCOMER XXX-XX-XXXX 0 TROY MARINE CPA P00187863 4147775500 2023-10-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ERIC FULCOMER 122 W WASHINGTON AVENUE 700 MADISON WI 53703 6235489 0 X WWW.WAICU.ORG X 1962 WI PROMOTE AND FACILITATE SERVICES TO WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND UNIVERSITIES. 23 23 23 23 0 0 447600 554800 3062364 3003899 1386173 542542 0 0 4896137 4101241 893088 1029850 0 0 1763188 1782539 0 0 52314 1310593 1531624 3966869 4344013 929268 -242772 20602047 22443882 413591 1184579 20188456 21259303 X PROMOTE AND FACILITATE SERVICES TO WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND UNIVERSITIES. 0 0 1586655 3003899 COLLABORATIVE SERVICES - THE WAICU COLLABORATION PROJECT IS A COMPREHENSIVE INITIATIVE TO PERFORM ADMINISTRATIVE SUPPORT FUNCTIONS OF WISCONSIN'S TWENTY-THREE PRIVATE NONPROFIT COLLEGES AND UNIVERSITIES ON A COLLABORATIVE BASIS. THE OBJECTIVES ARE TO SAVE MONEY, TO IMPROVE THE QUALITY OF SERVICES TO STUDENTS, FACULTY, AND STAFF, AND TO SERVE AS A NATIONAL MODEL FOR CONTROLLING COLLEGE COSTS. 578018 31400 STUDENT ACCESS - WAICU HAS ORGANIZED JOINT ADMISSION PROGRAMS SINCE 1978., FOCUSING ON CONTACTS WITH POTENTIAL STUDENTS AND THEIR PARENTS AND COUNSELORS EACH YEAR. WAICU'S ADMISSION PROGRAMS ARE SPECIFICALLY DESIGNED TO REINFORCE THE STUDENT RECRUITMENT EFFORTS OF MEMBERS. WAICU'S ROLE IS TO HIGHLIGHT THE AFFORDABILITY AND OPPORTUNITIES QUALITY OF WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND TO CREATE OPPORTUNITIES FOR STUDENTS AND COUNSELORS TO CONSIDER PRIVATE NONPROFIT COLLEGES. 1052768 998450 SCHOLARSHIPS - THE ORGANIZATION AWARDS ON AN ANNUAL BASIS APPROXIMATELY $1,029,000 TO 120 PRIVATE COLLEGE STUDENTS. IN ADDITION THEY MANAGE SIX ENDOWED SCHOLARSHIP PROGRAMS VALUED AT APPROXIMATELY $15.9 MILLION. THESE SCHOLARSHIPS ALLOW MANY STUDENTS TO CONTINUE THEIR COLLEGE EDUCATION. 402338 ADVOCACY AND RESEARCH. 402338 3619779 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 47 0 1 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X ERIC FULCOMER 6082045229 122 W WASHINGTON AVENUE NO 700 MADISON WI 53703 ANDREA YOUNG DIRECTOR 1.00 X 0 0 0 ANDREW MANION DIRECTOR 1.00 X 0 0 0 BETH BORLAND DIRECTOR 1.00 X 0 0 0 BRIAN BRUESS DIRECTOR 1.00 X 0 0 0 CHRISTINE PHARR DIRECTOR 1.00 X 0 0 0 CINDY GNADINGER DIRECTOR 1.00 X 0 0 0 CONNIE J BOERST DIRECTOR 1.00 X 0 0 0 DANIEL SCHOLZ DIRECTOR 1.00 X 0 0 0 DANIEL W JOHNSON DIRECTOR 1.00 X 0 0 0 GARWOOD ANDERSON DIRECTOR 1.00 X 0 0 0 H SCOTT BIERMAN DIRECTOR 1.00 X 0 0 0 JEFFREY MORIN DIRECTOR 1.00 X 0 0 0 JOHN R RAYMOND DIRECTOR 1.00 X 0 0 0 JOHN SWALLOW DIRECTOR 1.00 X 0 0 0 JOHN WALZ DIRECTOR 1.00 X 0 0 0 KARL SOLIBAKKE DIRECTOR 1.00 X 0 0 0 LAURIE CARTER DIRECTOR 1.00 X 0 0 0 MICHAEL R LOVELL DIRECTOR 1.00 X 0 0 0 MICHELLE MAJEWSKI DIRECTOR 1.00 X 0 0 0 RENEE HERZING DIRECTOR 1.00 X 0 0 0 RICHARD TRIETLEY DIRECTOR 1.00 X 0 0 0 SR ANDREA LEE DIRECTOR 1.00 X 0 0 0 WILLIMA CARIO DIRECTOR 1.00 X 0 0 0 ROLF WEGENKE PRESIDENT (THROUGH 08/2022) 40.00 X 220416 0 60007 REBECCA A LARSON SR. VP FOR ADVOCACY 40.00 X 160094 0 24605 JENNIFER E DEHART SR. VP FOR COLLABORATIVE SERVICE 12.00 X 166675 0 13463 ELIZABETH SIMON SR. VP FOR FINANCE & OPERATIONS 40.00 X 152012 0 20711 ERIC FULCOMER PRESIDENT 40.00 X 12885 0 0 712082 0 118786 4 0 1 0 IBM PO BOX 643600 PITTSBURGH PA 152643600 TECHNOLOGY 231271 HOVDE PROPERTIES 122 W WASHINGTON AVENUE MADISON WI 53703 PROPERTY MANAGEMENT 208767 CERESCO CONSULTING 831 WATSON STREET RIPON WI 54971 TECHNOLOGY 146396 APPLIED TECH 203 S PATERSON ST SUITE 500 MADISON WI 53703 TECHNOLOGY 135998 4 554800 554800 MEMBERSHIP DUES 611710 1604324 1604324 MEMBER SERVICES 611710 1304475 1304475 PRIV. COLLEGE WEEK ADVERTISING 611710 95100 95100 3003899 570454 570454 2106336 2134248 -27912 -27912 -27912 4101241 3003899 0 542542 X 1029850 1029850 764894 418228 315286 31380 589903 555009 31251 3643 29075 25586 3449 40 297766 223649 68458 5659 100901 71144 27053 2704 29795 26673 2844 278 126537 117922 7846 769 43728 43728 496826 392871 101867 2088 29020 28536 441 43 220221 195837 23225 1159 47044 41955 4635 454 209463 193509 14530 1424 64930 59865 4613 452 17971 17971 114145 109242 4465 438 DUES AND SUBSCRIPTIONS 117738 98355 17653 1730 EVENTS EXPENSE 11522 11522 OTHER 2684 2055 576 53 4344013 3619779 671920 52314 3233760 1074144 0 2000000 102000 0 89690 316754 427496 382937 462963 433167 42957 29796 16706144 17933679 0 706572 20602047 22443882 96308 167420 219023 189892 14392 22480 83868 804787 413591 1184579 X 3182107 3039220 17006349 18220083 20188456 21259303 20602047 22443882 -242772 1313619 0 X X 0 1 X 1 0 X 526481 517700 1044100 447600 554800 3090681 2964115 3200102 2736042 3062364 3003899 14966522 3490596 3717802 3780142 3509964 3558699 18057203 0 294777 291946 483288 379451 376824 1826286 294777 291946 483288 379451 376824 1826286 16230917 743510 643985 515136 858351 570454 3331436 743510 643985 515136 858351 570454 3331436 4234106 4361787 4295278 4368315 4129153 21388639 0.75890 0.76530 0.15580 0.14950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 127342 127342 3558812 3686154 334308 83577 0 0 320625 304581 317815 334308 1277329 1915994 208636 202323 200680 127342 738981 80156 76145 79454 83577 319332 478998 14062892 369500 1513932 291503 155902 15498919 17367970 222100 -2689527 668250 169401 14062892 13894399 222100 3978516 591250 135795 17367970 14019666 294800 205362 625428 13894399 13662996 295800 788921 728051 14019666 0.00000 1.00000 0.00000 0 0 144701 130190 14511 214761 199476 15285 103501 103501 0 29796 SCHOLARSHIP OBLIGATION 111000 OPERATING LEASE LIABILITY 693787 804787 X 5371132 1313619 1313619 4057513 43728 43728 4101241 4300285 0 4300285 43728 43728 4344013 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS AND PROGRAM SUPPORT. PART X, LINE 2: THE ASSOCIATION HAS RECEIVED NOTIFICATION THAT IT QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF STATE LAW AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE ASSOCIATION FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON THE TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ASSOCIATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING DURING INTERIM PERIODS. THE ASSOCIATION DOES NOT BELIEVE THAT IT HAS ANY UNCERTAIN TAX POSITIONS AT JUNE 30, 2023 AND 2022. 1 AWARDS 5 5000 INTERN STIPENDS 41 72400 SCHOLARSHIPS 121 952450 PART I, LINE 2: RECIPIENTS MUST MEET ELIGIBILITY REQUIREMENTS TO RECEIVE GRANTS ADMINISTERED BY WAICU. WAICU REQUIRES THAT THE NECESSARY DOCUMENTATION BE SUBMITTED PRIOR TO ISSUING CHECKS. THE DOCUMENTATION IS REVIEWED BY THE APPROPRIATE WAICU PERSONNEL AND APPROVED FOR DISBURSEMENT OF FUNDS. X X X 0 0 0 0 0 0 0 0 0 ROLF WEGENKE PRESIDENT (THROUGH 08/2022) 194416 0 0 0 26000 0 10727 0 49280 0 280423 0 0 0 REBECCA A LARSON SR. VP FOR ADVOCACY 150944 0 0 0 9150 0 7739 0 16866 0 184699 0 0 0 JENNIFER E DEHART SR. VP FOR COLLABORATIVE SERVICE 151372 0 0 0 15303 0 6741 0 6722 0 180138 0 0 0 ELIZABETH SIMON SR. VP FOR FINANCE & OPERATIONS 126012 0 0 0 26000 0 6498 0 14213 0 172723 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS DISTRIBUTED TO THE EXECUTIVE COMMITTEE AT LEAST ONE WEEK PRIOR TO ITS FALL MEETING. AT THIS MEETING THE COMMITTEE DISCUSSES ANY SUGGESTED CHANGES. THE COMMITTEE THEN VOTES ON WHETHER TO RECOMMEND THAT THE FULL BOARD OF DIRECTORS ACCEPT THE REVISED DRAFT OF THE RETURN. THE FORM 990 IS DISTRIBUTED TO THE FULL BOARD OF DIRECTORS AT LEAST ONE WEEK PRIOR TO ITS FALL MEETING. THE FULL BOARD OF DIRECTORS VOTES AT THE MEETING TO ACCEPT THE PREPARED FORM 990 FOR FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES COMPLETE A FORM TO DISCLOSE ALL CONFLICTS OF INTEREST. THE COMPLETED AND SIGNED FORMS ARE REVIEWED AND KEPT AT WAICU'S OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE CONDUCTS AN ANNUAL PERFORMANCE EVALUATION OF THE PRESIDENT. THE COMMITTEE REVIEWS A STUDY PREPARED BY THE CALIFORNIA PRIVATE COLLEGE ASSOCIATION ON BEHALF OF THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES STATE EXECUTIVES (NAICUSE) AND ANOTHER STUDY PREPARED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR) WHEN CONSIDERING COMPENSATION FOR THE PRESIDENT AND OTHER KEY EMPLOYEES. THE PROCESS WAS LAST UNDERTAKEN IN SPRING 2023. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PART IX, LINE 11G RECRUITMENT EXPENSE: PROGRAM SERVICE EXPENSES 45,181. MANAGEMENT AND GENERAL EXPENSES 89,914. FUNDRAISING EXPENSES 915. TOTAL EXPENSES 136,010. TEMPORARY HELP: PROGRAM SERVICE EXPENSES 9,578. MANAGEMENT AND GENERAL EXPENSES 1,720. FUNDRAISING EXPENSES 169. TOTAL EXPENSES 11,467. SPEAKER FEES: PROGRAM SERVICE EXPENSES 32,173. TOTAL EXPENSES 32,173. NETWORK ADMINISTRATION: PROGRAM SERVICE EXPENSES 52,904. MANAGEMENT AND GENERAL EXPENSES 4,105. FUNDRAISING EXPENSES 402. TOTAL EXPENSES 57,411. TECHNOLOGY CONSULTANT: PROGRAM SERVICE EXPENSES 153,647. TOTAL EXPENSES 153,647. STRATEGIC PLAN CONSULTANT: PROGRAM SERVICE EXPENSES 42,166. MANAGEMENT AND GENERAL EXPENSES 3,487. FUNDRAISING EXPENSES 341. TOTAL EXPENSES 45,994. OUTSOURCED ACCOUNTING: PROGRAM SERVICE EXPENSES 57,222. MANAGEMENT AND GENERAL EXPENSES 2,641. FUNDRAISING EXPENSES 261. TOTAL EXPENSES 60,124. FORM 990, PART XII, LINE 2 C: NO CHANGES HAVE BEEN MADE FROM THE PRIOR YEAR. WAICU EDUCATIONAL TECHNOLOGY CONSORTIUM INC 122 W WASHINGTON AVENUE SUITE 700 MADISON WI 53703 203202578 PURCHASE/IMPLEMENT IT FOR MEMBERS WI 501(C)(3) LINE 12A, I WAICU 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 WAICU EDUCATIONAL TECHNOLOGY CONSORTIUM INC Q 312224 FMV