2019-11-04T12:28:33-06:00 2019-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2018-07-01 391039417 WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES INC WISC 6082567761 122 W WASHINGTON AVENUE NO 700 MADISON WI 53703 ROLF WEGENKE PRESIDENT 6082567761 2019-10-10 1 TROY MARINE CPA P00187863 4147775500 2019-10-10 69.11.230.151 2019-10-10 15:00:08 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4F3A2D76CFB891132660CA62ECA341992B86C414 2018 2020-03-31 21:24:44Z ROLF WEGENKE 122 W WASHINGTON AVENUE NO 700 MADISON WI 53703 9784102 0 X WWW.WAICU.ORG X 1962 WI PROMOTE AND FACILITATE SERVICES TO WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND UNIVERSITIES. 24 24 20 24 0 28767 806973 526481 2847034 2964115 764292 631400 0 0 4418299 4121996 890776 937141 0 0 1944692 1983156 0 0 69191 1147888 1176827 3983356 4097124 434943 24872 18988621 19454750 342818 395633 18645803 19059117 PROMOTE AND FACILITATE SERVICES TO WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND UNIVERSITIES. 0 0 1331820 1331820 COLLABORATIVE SERVICES - THE WAICU COLLABORATION PROJECT IS A COMPREHENSIVE INITIATIVE TO PERFORM ADMINISTRATIVE SUPPORT FUNCTIONS OF WISCONSIN'S TWENTY-FOUR 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. 621766 621766 STUDENT ACCESS - WAICU HAS ORGANIZED JOINT ADMISSION PROGRAMS SINCE 1978, CURRENTLY LOGGING MORE THAN 300,000 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. 984840 937141 47699 SCHOLARSHIPS - THE ORGANIZATION AWARDS ON AN ANNUAL BASIS APPROXIMATELY $900,000 TO 160 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. 488063 962830 488063 962830 3426489 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 40 0 1 20 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 24 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 SR ANDREA LEE DIRECTOR 1.00 X 0 0 0 CONNIE J BOERST DIRECTOR 1.00 X 0 0 0 H SCOTT BIERMAN DIRECTOR 1.00 X 0 0 0 KATHLEEN RINEHART DIRECTOR 1.00 X 0 0 0 CINDY GNADINGER DIRECTOR 1.00 X 0 0 0 JOHN SWALLOW DIRECTOR 1.00 X 0 0 0 PATRICK T FERRY DIRECTOR 1.00 X 0 0 0 SCOTT FLANAGAN DIRECTOR 1.00 X 0 0 0 RENEE HERZING DIRECTOR 1.00 X 0 0 0 DAVID BLACK DIRECTOR 1.00 X 0 0 0 MARK BURSTEIN DIRECTOR 1.00 X 0 0 0 ANDREW MANION DIRECTOR 1.00 X 0 0 0 MICHAEL R LOVELL DIRECTOR 1.00 X 0 0 0 JOHN R RAYMOND DIRECTOR 1.00 X 0 0 0 JEFFREY MORIN DIRECTOR 1.00 X 0 0 0 JOHN WALZ DIRECTOR 1.00 X 0 0 0 CHRISTINE PHARR DIRECTOR 1.00 X 0 0 0 GARWOOD ANDERSON DIRECTOR 1.00 X 0 0 0 MARVIN SUOMI DIRECTOR 1.00 X 0 0 0 ZACH P MESSITTE DIRECTOR 1.00 X 0 0 0 BRIAN BRUESS DIRECTOR 1.00 X 0 0 0 ROBERT CALLAHAN DIRECTOR 1.00 X 0 0 0 GLENA TEMPLE DIRECTOR 1.00 X 0 0 0 DANIEL W JOHNSON DIRECTOR 1.00 X 0 0 0 ROLF WEGENKE PRESIDENT 40.00 X 359417 0 61881 ELIZABETH SIMON SR. VP FOR FINANCE AND OPERATIONS 40.00 X 96692 0 18193 RODNEY L OPSAL SR. VP FOR COLLABORATIVE SERVICES 12.00 X 175852 0 50861 REBECCA A LARSON SR. VP FOR ADVOCACY 40.00 X 140185 0 32270 772146 0 163205 4 0 1 0 IBM CORP PO BOX 643600 PITTSBURGH PA 152643600 TECHNOLOGY 203662 HOVDE PROPERTIES 122 W WASHINGTON AVENUE MADISON WI 53703 PROPERTY MANAGEMENT 187090 2 526481 526481 MEMBERSHIP DUES 611710 1728973 1728973 MEMBER SERVICES 611710 1160060 1160060 PRIV. COLLEGE WEEK ADVERTISING 611710 75082 75082 2964115 743510 743510 5549996 5662106 -112110 -112110 -112110 4121996 2964115 0 631400 937141 937141 775781 405253 331527 39001 642443 587330 48834 6279 66286 42534 21141 2611 405542 310889 83920 10733 93104 70452 20412 2240 11175 11162 12 1 24300 22826 1342 132 41596 41596 126181 122450 3401 330 333952 309314 22439 2199 44554 40726 3486 342 219120 198834 18475 1811 75108 70375 4311 422 36696 30653 5504 539 73418 69772 3321 325 DUES AND SUBSCRIPTIONS 131719 110195 19603 1921 MEMBER SERVICES 46960 43777 2899 284 BANK FEES 10603 10603 LICENSES AND FEES 1445 1210 214 21 4097124 3426489 601444 69191 1995345 2138252 179173 90500 67864 64289 286099 306447 432065 345972 108199 86093 16351941 16769169 18988621 19454750 47694 41332 88229 133061 23766 14420 183129 206820 342818 395633 X 2045870 2198341 4661578 0 11938355 16860776 18645803 19059117 18988621 19454750 24872 388442 0 X X 0 1 X 1 0 X 1100994 840478 552003 806973 526481 3826929 3013538 2856430 2887119 2847034 2964115 14568236 4114532 3696908 3439122 3654007 3490596 18395165 0 568767 587792 312948 506948 294777 2271232 568767 587792 312948 506948 294777 2271232 16123933 339062 293310 292217 429801 743510 2097900 339062 293310 292217 429801 743510 2097900 4453594 3990218 3731339 4083808 4234106 20493065 0.78680 0.81230 0.10240 0.08540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 219872 219872 3163374 3383246 319162 79791 0 0 323662 338000 332667 319162 1313491 1970237 167291 243795 220934 219872 851892 80916 84500 83167 79791 328374 492561 13662996 295800 788921 728051 14019666 13161282 295800 940918 735004 13662996 12149788 295800 1411669 695975 13161282 12368710 590600 -103575 705947 12149788 11957409 590100 414939 593738 12368710 1.00000 0 0 144701 112215 32486 183862 144969 38893 103502 88788 14714 86093 SCHOLARSHIP OBLIGATION 206820 206820 X 4468842 388442 388442 4080400 41596 41596 4121996 4055528 0 4055528 41596 41596 4097124 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, 2019 AND 2018. 1 SCHOLARSHIPS 157 889941 INTERN STIPENDS 41 47200 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 359417 0 0 0 0 0 20205 0 41676 0 421298 0 0 0 RODNEY L OPSAL SR. VP FOR COLLABORATIVE SERVICES 175852 0 0 0 0 0 9173 0 41688 0 226713 0 0 0 REBECCA A LARSON SR. VP FOR ADVOCACY 140185 0 0 0 0 0 7285 0 24985 0 172455 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS DISTRIBUTED TO THE EXECUTIVE COMMITTEE TWO WEEKS 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 TWO WEEKS 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 2019. 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 270916 FMV