2012-11-30T11:37:26-06:00 2012-06-30 390974031 WEGNER CPAS LLP 2110 LUANN LN MADISON WI 537133074 990 2011-07-01 391828080 SOUTHWEST WISCONSIN TECHNICAL COLLEGE FOUNDATION INC SOUT 6088223262 1800 BRONSON BLVD FENNIMORE WI 538099778 DR DUANE M FORD 6088223262 2012-11-20 1 SCOTT HAUMERSEN CPA P00084908 6082744020 2011 2016-02-24 21:20:13Z DR DUANE M FORD 1800 BRONSON BLVD FENNIMORE WI 538099778 1314724 0 X WWW.SWTC.EDU X 1980 WI PROVIDE SCHOLARSHIPS AND ASSISTANCE TO STUDENTS AND FACULTY AND ON-CAMPUS STUDENT HOUSING 16 16 0 50 0 0 154866 178945 278548 306073 93104 70484 250 1550 526768 557052 101578 114069 0 0 0 0 0 0 59622 369710 363094 471288 477163 55480 79889 4328222 4441722 1593019 1590091 2735203 2851631 PROMOTE LEARNING THROUGH FUNDING AND ACTIVITIES THAT SUPPORT SOUTHWEST WISCONSIN TECHNICAL COLLEGE'S COMMITMENT TO EXCELLENCE. 0 0 115205 114069 2690 SOUTHWEST WISCONSIN TECHNICAL COLLEGE FOUNDATION ANNUALLY AWARDS SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE TO STUDENTS AND FACULTY OF THE COLLEGE TO ASSIST THE RECIPIENTS WITH OBTAINING A DEGREE OR FUTHERING THEIR PROFESSIONAL DEVELOPMENT. SOUTHWEST WISCONSIN TECHNICAL COLLEGE FOUNDATION PROVIDED AWARDS TO APPROXIMATELY 200 STUDENTS AND FACULTY MEMBERS DURING THE YEAR. 234127 304933 SOUTHWEST WISCONSIN TECHNICAL COLLEGE FOUNDATION OWNS AND OPERATES ON-CAMPUS RESIDENCE HALLS TO PROVIDE AFFORDABLE HOUSING OPTIONS FOR STUDENTS OF THE COLLEGE. THE RESIDENCE HALLS HAVE A CAPACITY OF 100 TENANTS. 349332 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 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 0 0 0 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 WI X X HEATHER FIFRICK 6088222366 1800 BRONSON BLVD FENNIMORE WI 538099778 X BILL ALLEN 0.50 X 0 0 0 HARVEY BASTIAN 0.50 X 0 0 0 DR VIRGINIA BRADFORD 0.50 X 0 0 0 J BRUCE BRADLEY 0.50 X X 0 0 0 RON COPPERNOLL 0.50 X 0 0 0 MARK CUPP 0.50 X 0 0 0 DR DUANE M FORD 4.00 X X 0 0 0 JAMES KOHLENBERG 0.50 X 0 0 0 CONNIE LARSON 0.50 X 0 0 0 NICK NICE 0.50 X 0 0 0 KEVIN RAISBECK 0.50 X 0 0 0 CAROL ROGERS 0.50 X 0 0 0 PAT SHEMAK 0.50 X 0 0 0 MARY SPROSTY 0.50 X 0 0 0 LENORE SYDNOR 0.50 X X 0 0 0 RANDY WEEKS 0.50 X X 0 0 0 0 0 0 0 0 0 0 SOUTHWEST WISCONSIN TECHNICAL COLLEGE 1800 BRONSON BLVD FENNIMORE WI 538099778 LEASED COLLEGE EMPLOYEES 110556 1 15000 163945 178945 STUDENT HOUSING RENTS 531110 302409 302409 OTHER HOUSING REVENUE 531110 1671 1671 MISCELLANEOUS REVENUE 611430 1140 1140 LAUNDRY REVENUE 812310 853 853 306073 67194 67194 760962 757672 3290 3290 3290 MISCELLANEOUS REVENUE 813211 1550 1550 1550 557052 307623 0 70484 15224 15224 98845 98845 392 392 9000 9000 20581 20581 110556 35214 24386 50956 2900 43 2382 475 12137 1525 7243 3369 135016 135016 2513 464 2049 6068 1972 3552 544 63330 61101 2229 601 601 477163 349332 68209 59622 14342 31581 37044 47752 21877 15827 30932 2113508 419410 1720916 1694098 2530767 2617927 3276 2105 1500 4328222 4441722 99153 118778 14000 1468507 1426720 25359 30593 1593019 1590091 X 433557 491758 1311646 1329873 990000 1030000 2735203 2851631 4328222 4441722 X 79889 36539 X 0 1 1 X 0 X 207606 153628 165718 154866 178945 860763 207606 153628 165718 154866 178945 860763 31584 829179 70341 58006 55999 60026 67194 311566 1172329 1094465 0.70730 0.71150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 2059529 62295 60688 41850 43428 2097234 1795050 11068 335543 38300 925 42907 2059529 1671027 55595 142788 37250 37110 1795050 2000305 12344 -263713 42450 1107 34352 1671027 0.48980 0.51020 0 0 60000 60000 2033571 401541 1632030 19937 17869 2068 1694098 SECURITY DEPOSITS 30593 30593 557052 477163 79889 37336 -797 36539 116428 573807 37336 -20581 16755 557052 0 557052 457379 797 797 456582 20581 20581 477163 PART IV, LINE 2B: THE FOUNDATION ADMINISTERS AN EMERGENCY LOAN FUND WHERE STUDENTS MAY OBTAIN MODEST SHORT-TERM LOANS FOR SCHOOL AND/OR PERSONAL EXPENSES. IN ADDITION TO AMOUNTS CONTRIBUTED BY DONORS TO THE EMERGENCY LOAN FUND, THE FOUNDATION IS ALSO THE CUSTODIAN OF SOUTHWEST WISCONSIN TECHNICAL COLLEGE'S FUNDS USED FOR THE SAME PURPOSE. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING ASSOCIATE DEGREES AND TECHNICAL DIPLOMAS AND WHO MEET SPECIFIED CRITERIA, PROVIDE ASSISTANCE TO FACULTY FURTHERING THEIR PROFESSIONAL DEVELOPMENT, AND SUPPORT CERTAIN SPECIAL PROJECTS AND EVENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PROMISES TO GIVE -500. LOSS ON DISPOSALS OF PROPERTY AND EQUIPMENT -297. TOTAL TO SCHEDULE D, PART XI, LINE 8: -797. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES REPORTED ON FORM 990, PART IX, LINE 11F -20,581. 1 SOUTHWEST WISCONSIN TECHNICAL COLLEGE 1800 BRONSON BLVD FENNIMORE WI 538099778 391088496 GOVERNMENT ENTITY 15224 ASSISTANCE TO VARIOUS COLLEGE PROGRAMS AND STUDENT CLUBS AND ORGANIZATIONS 1 SCHOLARSHIPS TO STUDENTS PURSUING ASSOCIATE DEGREES AND TECHNICAL DIPLOMAS 169 95900 GENERAL EDUCATION DEVELOPMENT (GED) AND HIGH SCHOOL EQUIVALENCY DIPLOMA (HSED) TESTING SERVICES FOR SPECIFIC INDIVIDUALS 35 842 REGISTRATION FEES AND OTHER ASSISTANCE TO FACULTY FURTHERING THEIR PROFESSIONAL DEVELOPMENT 9 2103 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE FOUNDATION DISBURSES SCHOLARSHIP FUNDS ON A SEMESTER BASIS DIRECTLY TO EITHER THE RECIPIENT OR TO SOUTHWEST WISCONSIN TECHNICAL COLLEGE'S BUSINESS OFFICE ON BEHALF OF THE RECIPIENT. BEFORE THE FOUNDATION DISBURSES FUNDS FOR A SEMESTER, IT MUST RECEIVE FROM THE COLLEGE THE SCHOLARSHIP RECIPIENT'S GRADE TRANSCRIPT FOR THE LAST SEMESTER COMPLETED BY THE RECIPIENT AND WRITTEN CONFIRMATION FROM THE COLLEGE THAT THE STUDENT IS IN GOOD ACADEMIC STANDING. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS TO CHANGE THE NUMBER OF AT LARGE DIRECTORS TO A RANGE OF 15 TO 19 AT LARGE DIRECTORS. THE BYLAWS WERE ALSO AMENDED TO CHANGE THE PROCESSES FOR APPROVING NEW DIRECTORS AND FILLING VACANCIES ON THE GOVERNING BODY. THESE PROCESSES MAY NOW TAKE PLACE AT THE NEXT REGULARLY SCHEDULED MEETING INSTEAD OF JUST AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 THE PREPARED FORM 990 IS REVIEWED BY THE FOUNDATION DIRECTOR AND THE FOUNDATION MANAGER BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C 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. FORM 990, PART VI, SECTION C, LINE 19 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 37,336. LOSS ON UNCOLLECTIBLE PROMISES TO GIVE -500. LOSS ON DISPOSALS OF PROPERTY AND EQUIPMENT -297. TOTAL TO FORM 990, PART XI, LINE 5: 36,539.