2022-11-01T17:45:47-05:00 2022-06-30 390859910 BAKER TILLY US LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2021-07-01 391039417 WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES INC WISC 6082567761 122 W WASHINGTON AVENUE 700 MADISON WI 53703 LIZA SIMON INTERIM PRESIDENT 6082567761 2022-10-26 1 LIZA SIMON 999009999 TROY MARINE CPA P00187863 4147775500 2022-10-26 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z LIZA SIMON 122 W WASHINGTON AVENUE 700 MADISON WI 53703 9531382 0 X WWW.WAICU.ORG X 1962 WI PROMOTE AND FACILITATE SERVICES TO WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND UNIVERSITIES. 23 23 22 23 0 0 1044100 447600 2737042 3062364 781138 1386173 0 0 4562280 4896137 800904 893088 0 0 1915130 1763188 0 0 55341 1033724 1310593 3749758 3966869 812522 929268 24160741 20602047 431304 413591 23729437 20188456 X PROMOTE AND FACILITATE SERVICES TO WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND UNIVERSITIES. 0 0 1455644 3062364 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. 928360 893088 SCHOLARSHIPS - THE ORGANIZATION AWARDS ON AN ANNUAL BASIS APPROXIMATELY $900,000 TO 120 PRIVATE COLLEGE STUDENTS. IN ADDITION THEY MANAGE SIX ENDOWED SCHOLARSHIP PROGRAMS VALUED AT APPROXIMATELY $16.7 MILLION. THESE SCHOLARSHIPS ALLOW MANY STUDENTS TO CONTINUE THEIR COLLEGE EDUCATION. 626078 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. 346227 ADVOCACY AND RESEARCH. 346227 3356309 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 41 0 1 22 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 LIZA SIMON 6082045229 122 W WASHINGTON AVENUE NO 700 MADISON WI 53703 GARWOOD ANDERSON DIRECTOR 1.00 X 0 0 0 H SCOTT BIERMAN DIRECTOR 1.00 X 0 0 0 CONNIE J BOERST 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 WILLIMA CARIO DIRECTOR 1.00 X 0 0 0 LAURIE CARTER DIRECTOR 1.00 X 0 0 0 CINDY GNADINGER DIRECTOR 1.00 X 0 0 0 RENEE HERZING DIRECTOR 1.00 X 0 0 0 DANIEL W JOHNSON DIRECTOR 1.00 X 0 0 0 SR ANDREA LEE 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 ANDREW MANION DIRECTOR 1.00 X 0 0 0 JEFFREY MORIN DIRECTOR 1.00 X 0 0 0 CHRISTINE PHARR DIRECTOR 1.00 X 0 0 0 JOHN R RAYMOND DIRECTOR 1.00 X 0 0 0 DANIEL SCHOLZ DIRECTOR 1.00 X 0 0 0 KARL SOLIBAKKE DIRECTOR 1.00 X 0 0 0 JOHN SWALLOW DIRECTOR 1.00 X 0 0 0 RICHARD TRIETLEY DIRECTOR 1.00 X 0 0 0 JOHN WALZ DIRECTOR 1.00 X 0 0 0 ANDREA YOUNG DIRECTOR 1.00 X 0 0 0 ROLF WEGENKE PRESIDENT 40.00 X 334262 0 92203 REBECCA A LARSON SR. VP FOR ADVOCACY 40.00 X 148576 0 22899 JENNIFER E DEHART SR. VP FOR COLLABORATIVE SERVICE 12.00 X 141246 0 6372 ELIZABETH SIMON SR. VP FOR FINANCE & OPERATIONS 40.00 X 105350 0 18892 729434 0 140366 3 0 1 0 IBM CORP PO BOX 643600 PITTSBURGH PA 152643600 TECHNOLOGY 217439 HOVDE PROPERTIES 122 W WASHINGTON AVENUE MADISON WI 53703 PROPERTY MANAGEMENT 201605 CERESCO CONSULTING 831 WATSON STREET RIPON WI 54971 TECHNOLOGY 135600 3 447600 447600 MEMBERSHIP DUES 611710 1505044 1505044 MEMBER SERVICES 611710 1459632 1459632 PRIV. COLLEGE WEEK ADVERTISING 611710 97688 97688 3062364 858351 858351 5163067 4635245 527822 527822 527822 4896137 3062364 0 1386173 893088 893088 654543 359237 265462 29844 663518 602450 56085 4983 54509 34984 17405 2120 301409 223649 68458 9302 89209 66566 20629 2014 24630 24255 339 36 71747 70134 1458 155 60534 60534 384561 355657 26129 2775 279439 276443 2708 288 51009 47843 2862 304 219720 201023 16902 1795 22815 21176 1482 157 16994 16994 96776 92420 3938 418 DUES AND SUBSCRIPTIONS 66499 56125 9378 996 BANK FEES 13762 12030 1566 166 MEMBER SERVICES 4779 4391 351 37 LICENSES AND FEES 667 640 24 3 -3339 -2796 -491 -52 3966869 3356309 555219 55341 2829447 3233760 102000 102000 158066 89690 334000 427496 459644 416687 47824 42957 20587404 16706144 102000 0 24160741 20602047 135982 96308 149762 219023 6730 14392 138830 83868 431304 413591 X 2834187 3182107 20895250 17006349 23729437 20188456 24160741 20602047 929268 -4470249 0 X X 0 1 X 1 0 X 806973 526481 517700 1044100 447600 3342854 2847034 2964115 3200102 2736042 3062364 14809657 3654007 3490596 3717802 3780142 3509964 18152511 0 506948 294777 291946 483288 240751 1817710 506948 294777 291946 483288 240751 1817710 16334801 429801 743510 643985 515136 858351 3190783 429801 743510 643985 515136 858351 3190783 4083808 4234106 4361787 4295278 4368315 21343294 0.76530 0.78200 0.14950 0.12680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 200680 200680 3155629 3356309 317815 79454 0 0 319162 320625 304581 317815 1262183 1893275 219872 208636 202323 200680 831511 79791 80156 76145 76454 312546 468819 17367970 222100 -2689527 668250 169401 14062892 13894399 222100 3978516 591250 135795 17367970 14019666 294800 205362 625428 13894399 13662996 295800 788921 728051 14019666 13161282 295800 940918 735004 13662996 0.00000 1.00000 0.00000 0 0 144701 125926 18775 211442 187629 23813 103501 103132 369 42957 SCHOLARSHIP OBLIGATION 83868 83868 X 365354 -4470249 -4470249 4835603 60534 60534 4896137 3906335 0 3906335 60534 60534 3966869 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, 2022 AND 2021. 1 SCHOLARSHIPS 118 826488 INTERN STIPENDS 45 51600 AWARDS 10 15000 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 282548 0 0 0 51714 0 16926 0 75277 0 426465 0 0 0 REBECCA A LARSON SR. VP FOR ADVOCACY 139426 0 0 0 9150 0 7625 0 15274 0 171475 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 2022. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. 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 322801 FMV