2024-11-14T08:39:34-06:00 2024-06-30 363168081 SIKICH LLC 17335 GOLF PARKWAY SUITE 500 BROOKFIELD WI 53045 990 2023-07-01 391039417 WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES INC WISC 6082567761 122 W WASHINGTON AVENUE 700 MADISON WI 53703 ERIC FULCOMER PRESIDENT 6082567761 2024-11-09 1 0 JILL M BOYLE CPA P01246734 2627549400 2024-11-07 2023 2024-10-15 13:58:12Z ERIC FULCOMER 122 W WASHINGTON AVENUE 700 MADISON WI 53703 5984785 0 X WWW.WAICU.ORG X 1962 WI PROMOTE AND FACILITATE SERVICES TO WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND UNIVERSITIES. 22 22 17 22 0 0 554800 777939 3003899 2963299 542542 1109907 0 3869 4101241 4855014 1029850 1016821 0 0 1782539 1800731 0 0 76977 1531624 1335937 4344013 4153489 -242772 701525 22443882 24580901 1184579 1410325 21259303 23170576 X PROMOTE AND FACILITATE SERVICES TO WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND UNIVERSITIES. 0 0 1412115 2967168 COLLABORATIVE SERVICES - WAICU COLLABORATIVE SERVICES IS A COMPREHENSIVE PROGRAM TO PERFORM ADMINISTRATIVE SUPPORT FUNCTIONS OF WISCONSIN'S 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. 458245 25200 WAICU HAS ORGANIZED JOINT ADMISSIONS 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 QUALITY OF WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND TO CREATE OPPORTUNITIES FOR STUDENTS AND COUNSELORS TO CONSIDER PRIVATE NONPROFIT COLLEGES. 1035978 991621 THE ORGANIZATION MANAGES SIX ENDOWED SCHOLARSHIP PROGRAMS VALUED AT APPROXIMATELY $15.9 MILLION. THESE SCHOLARSHIPS ALLOW MANY STUDENTS TO CONTINUE THEIR COLLEGE EDUCATION. THE ORGANIZATION AWARDS ON AN ANNUAL BASIS APPROXIMATELY $900,000 TO 90 PRIVATE COLLEGE STUDENTS. 511139 ADVOCACY AND RESEARCH. 511139 3417477 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 30 0 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X ERIC FULCOMER 6082567761 122 W WASHINGTON AVENUE 700 MADISON WI 53703 CHRISTY BROWN DIRECTOR 1.00 X 0 0 0 CONNIE BOERST DIRECTOR 1.00 X 0 0 0 ERIC BOYNTON 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 ERIK ANKERBERG DIRECTOR 1.00 X 0 0 0 ANDREW MANION DIRECTOR 1.00 X 0 0 0 RENEE HERZING DIRECTOR 1.00 X 0 0 0 BETH BORGEN DIRECTOR 1.00 X 0 0 0 LAURIE CARTER DIRECTOR 1.00 X 0 0 0 AARON SADOFF DIRECTOR 1.00 X 0 0 0 KIMO AH YUN DIRECTOR 1.00 X 0 0 0 JOHN 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 ISABELLE CHERNEY DIRECTOR 1.00 X 0 0 0 LAUREN WHITNAH DIRECTOR 1.00 X 0 0 0 CHADWICK DAYTON DIRECTOR 1.00 X 0 0 0 VICTORIA FOLSE DIRECTOR 1.00 X 0 0 0 LAURIE JOYNER DIRECTOR 1.00 X 0 0 0 RICHARD TRIETLEY DIRECTOR 1.00 X 0 0 0 DANIEL JOHNSON DIRECTOR 1.00 X 0 0 0 ERIC FULCOMER PRESIDENT 40.00 X 338767 0 35434 JENNIFER DEHART CHIEF OPERATING OFFICER 25.00 X 164640 0 13398 REBECCA LARSON SR. VP FOR ADVOCACY 40.00 X 165336 0 19602 ELIZABETH SIMON SR. VP FOR FINANCE & OPERATIONS (THRU 5/12/23) 40.00 X 39549 0 2066 SHANE KELLAR EXECUTIVE DIRECTOR, WBC 40.00 X 100890 0 15849 809182 0 86349 4 0 1 0 HOVDE PROPERTIES LLC 122 W WASHINGTON AVE STE 350 MADISON WI 53703 PROPERTY MANAGEMENT 245891 CLIFTONLARSONALLEN LLP 220 S 6TH ST STE 300 MINNEAPOLIS MN 55402 ACCOUNTING AND PAYROLL 203701 BAKER TILLY US LLP PO BOX 7398 MADISON WI 537077398 AUDIT AND TAX 116873 3 777939 777939 MEMBERSHIP DUES 611710 1652000 1652000 MEMBER SERVICES 611171 1161249 1161249 PRIVATE COLLEGE WEEK ADV 611710 80000 80000 SPONSORSHIPS 611710 70050 70050 2963299 652264 652264 1587414 1129771 457643 457643 457643 OTHER INCOME 900099 3869 3869 3869 4855014 2967168 0 1109907 1016821 1016821 778666 453072 288876 36718 643217 563191 62636 17390 27788 25411 1997 380 258691 222963 29297 6431 92369 72962 16733 2674 6568 5486 985 97 285540 167229 114495 3816 45561 45561 412234 380770 28720 2744 50373 42077 7556 740 23396 18519 4729 148 75105 63527 10545 1033 124026 107283 14883 1860 34771 28610 5548 613 20063 20063 117564 98201 17635 1728 MEMBER SERVICES 140736 131292 8839 605 4153489 3417477 659035 76977 1074144 2194697 2000000 2000000 233333 316754 90645 382937 110888 304471 260605 29796 43866 17933679 19291192 706572 616280 22443882 24580901 167420 347700 189892 358411 22480 804787 704214 1184579 1410325 X 3039220 3405480 18220083 19765096 21259303 23170576 22443882 24580901 701525 1209748 0 X 0 1 X 1 0 X 517700 1044100 447600 554800 777939 3342139 3200102 2736042 3062364 3003899 2967168 14969575 3717802 3780142 3509964 3558699 3745107 18311714 0 291946 483288 379451 376824 1614263 3145772 291946 483288 379451 376824 1614263 3145772 15165942 643985 515136 858351 570454 652264 3240190 643985 515136 858351 570454 652264 3240190 4361787 4295278 4368315 4129153 4397371 21551904 0.70370 0.75890 0.15030 0.15580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 136985 136985 4016504 4153489 357674 89419 0 0 304581 317815 334308 357674 1314378 1971567 202323 200680 127342 136985 667330 76145 79454 83577 89419 328595 492893 15130601 158400 1826104 588355 175888 16350862 14062892 369500 1513932 291503 155902 15498919 17367970 222100 -2689527 668250 169401 14062892 13894399 222100 3879516 591250 135795 17268970 14019666 294800 205362 625428 13894400 1.00000 0 0 93434 83542 9892 78306 67716 10590 132731 109347 23384 43866 SCHOLARSHIP OBLIGATION 96000 OPERATING LEASE LIABILITY 608214 704214 X 6019201 1209748 1209748 4809453 45561 45561 4855014 4107928 0 4107928 45561 45561 4153489 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS AND PROGRAM SUPPORT. PART X, LINE 2: WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, INC. IS EXEMPT FROM FEDERAL OR STATE INCOME TAXES PURSUANT TO THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS OTHER THAN A PRIVATE FOUNDATION. WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, INC. EVALUATES ITS UNCERTAIN TAX POSITIONS ON AN ANNUAL BASIS, AND THERE HAVE BEEN NO RECORDED UNCERTAIN TAX POSITIONS RECORDED IN 2024 AND 2023. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, INC. FILE VARIOUS FEDERAL OR STATE NON-PROFIT TAX RETURNS. WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, INC. ARE NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO 2020. 1 SCHOLARSHIPS 113 947821 AWARDS 5 5000 INTERN STIPENDS 16 64000 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 ERIC FULCOMER PRESIDENT 338767 0 0 0 0 0 16999 0 18435 0 374201 0 0 0 REBECCA LARSON SR. VP FOR ADVOCACY 165336 0 0 0 0 0 8427 0 11175 0 184938 0 0 0 JENNIFER DEHART CHIEF OPERATING OFFICER 164640 0 0 0 0 0 8218 0 5180 0 178038 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. 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 166688