2023-11-13T07:51:27-06:00 2023-06-30 390859910 BAKER TILLY US LLP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2022-07-01 203202578 WAICU EDUCATIONAL TECHNOLOGY CONSORTIUM INC WAIC 6082567761 122 W WASHINGTON AVENUE 700 MADISON WI 53703 ERIC FULCOMER PRESIDENT 6082567761 2023-11-06 1 ERIC FULCOMER XXX-XX-XXXX 0 TROY MARINE CPA P00187863 4147775500 2023-11-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ERIC FULCOMER 122 W WASHINGTON AVENUE 700 MADISON WI 53703 1760974 0 X N/A X 2004 WI THE PURPOSES OF WAICU ETC ARE TO PURCHASE, IMPLEMENT, AND OPERATE INFORMATION TECHNOLOGY SYSTEMS, INCLUDING COMPUTER HARDWARE AND SOFTWARE, FOR ITS MEMBERS AND TO MANAGE THE ONGOING OPERATION AND MAINTENANCE OF SUCH SYSTEMS AS ITS MEMBERS MAY REQUIRE OR DIRECT IN FURTHERANCE OF THEIR EDUCATIONAL MISSIONS AND GOALS. 10 10 0 10 0 0 0 0 1153652 1753440 2051 7534 0 0 1155703 1760974 0 0 0 0 0 0 0 0 0 1160583 1465036 1160583 1465036 -4880 295938 1448442 1778978 43848 78446 1404594 1700532 X THE PURPOSES OF WAICU ETC ARE TO PURCHASE, IMPLEMENT, AND OPERATE INFORMATION TECHNOLOGY SYSTEMS, INCLUDING COMPUTER HARDWARE AND SOFTWARE, FOR ITS MEMBERS AND TO MANAGE THE ONGOING OPERATION AND MAINTENANCE OF SUCH SYSTEMS AS ITS MEMBERS MAY REQUIRE OR DIRECT IN FURTHERANCE OF THEIR EDUCATIONAL MISSIONS AND GOALS. 0 0 1201564 1753440 PROVIDED JOINT LICENSING, IMPLEMENTATION, OPERATION, AND MAINTENANCE OF ADMINISTRATIVE AND ACADEMIC SOFTWARE FOR NINE MEMBER COLLEGES AND UNIVERSITIES. 1201564 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ERIC FULCOMER 6082045229 122 W WASHINGTON AVENUE 700 MADISON WI 53703 CHARLES GRUBISIC DIRECTOR 1.00 X 0 0 0 DAVID SMITH DIRECTOR 1.00 X 0 0 0 GARY RODMAN DIRECTOR 1.00 X 0 0 0 MARK FETHERSTON DIRECTOR 1.00 X 0 0 0 PATRICK GUMIENY DIRECTOR 1.00 X 0 0 0 RICHARD THOMAS DIRECTOR 1.00 X 0 0 0 RYAN OERTEL DIRECTOR 1.00 X 0 0 0 SUSAN INGLES DIRECTOR 1.00 X 0 0 0 TED WILDER DIRECTOR 1.00 X 0 0 0 TREVOR TOVER DIRECTOR 1.00 X 0 0 0 JENNIFER DEHART SR. VP FOR COLLABORATIVE SERVICE 8.00 40.00 X 0 166675 6722 ROLF WEGENKE PRESIDENT 2.00 40.00 X 0 220416 49280 0 387091 56002 2 0 1 0 JENZABAR PO BOX 845939 BOSTON MA 02284 IMPLEMENTATION SERVICES 750127 WAICU 122 W WASHINGTON AVE SUITE 700 MADISON WI 53703 ADMINISTRATION 312224 2 MEMBERSHIP FEES 900099 1753440 1753440 1753440 7534 7534 1760974 1753440 0 7534 X 309126 138290 170836 11034 11034 390533 308931 81602 3353 3353 MAINTENANCE SUPPORT 750990 750990 1465036 1201564 263472 0 650842 506007 34064 312170 757308 957926 2752445 2749570 6228 2875 1448442 1778978 28042 78446 15806 0 43848 78446 X 1404594 1700532 1404594 1700532 1448442 1778978 295938 0 X X 0 1 X 1 0 X X X 10 WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES INC 391039417 10 1 0 0 LAKELAND UNIVERSITY 390821861 2 1 0 0 RIPON COLLEGE 390826049 2 1 0 0 WISCONSIN LUTHERAN COLLEGE 237179639 2 1 0 0 MILWAUKEE SCHOOL OF ENGINEERING 390477970 2 0 0 0 CARDINAL STRITCH UNIVERSITY 390806196 2 0 0 0 NORTHLAND COLLEGE 390806428 2 0 0 0 BELOIT COLLEGE 390808497 2 0 0 0 MILWAUKEE INSTITUTE OF ART & DESIGN 391201561 2 0 0 0 MOUNT MARY UNIVERSITY 390806154 2 0 0 0 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 1: THE GOVERNING DOCUMENTS DO NOT LIST THE SUPPORTED ORGANIZATIONS BY NAME. INSTEAD, THEY CONTAIN A BROAD STATEMENT DECLARING THAT MEMBERSHIP IN WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (WAICU) EDUCATIONAL TECHNOLOGY CONSORTIUM, INC. IS LIMITED TO MEMBERS OF WAICU. ORGANIZATIONS WHO APPLY AND ARE APPROVED FOR MEMBERSHIP BY THE BOARD OF DIRECTORS SHALL BECOME MEMBERS. 2752445 2749570 2875 2875 X 1760974 0 1760974 0 1760974 1465036 0 1465036 0 1465036 PART X, LINE 2: ETC 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. ETC 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, ETC 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. ETC DOES NOT BELIEVE THAT IT HAS ANY UNCERTAIN TAX POSITIONS AT JUNE 30, 2023 AND 2022. 0 0 0 0 0 0 0 0 0 ROLF WEGENKE PRESIDENT 0 194416 0 0 0 26000 0 0 0 49280 0 269696 0 0 JENNIFER DEHART SR. VP FOR COLLABORATIVE SERVICE 0 151372 0 0 0 15303 0 0 0 6722 0 173397 0 0 PART I, LINE 3 THE DIRECTORS AND OFFICERS ARE NOT COMPENSATED BY THE WAICU EDUCATIONAL TECHNOLOGY CONSORTIUM, INC. THE EXECUTIVE DIRECTOR AND OFFICERS ARE COMPENSATED BY A RELATED ORGANIZATION, THE WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, INC. (WAICU). WAICU HAS PROCESSES FOR DETERMINING THE COMPENSATION OF THESE PERSONS THAT INCLUDE REVIEW AND APPROVAL BY INDEPENDENT PERSONS, REFERENCE TO COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS POSTED TO A WEB PORTAL AT LEAST ONE WEEK PRIOR TO AN AUDIT COMMITTEE MEETING. AN EMAIL IS SENT TO THE BOARD OF DIRECTORS NOTIFYING THEM OF THE FORM'S AVAILABILITY FOR REVIEW AND COMMENT. DURING THE AUDIT COMMITTEE MEETING, A REPRESENTATIVE OF THE AUDITING FIRM IS AVAILABLE TO DISCUSS THE FORM AND ANSWER ANY QUESTIONS POSED BY THE COMMITTEE. ONCE THE AUDIT COMMITTEE AGREES WITH THE FORM, THEY HAVE THE AUTHORITY TO ACCEPT THE FORM AND HAVE THE AUDITORS PROCEED WITH FILING WITH THE IRS. THE AUDIT COMMITTEE REPORTS ITS ACTION AT THE NEXT SCHEDULED BOARD MEETING. 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 RETAINED AT THE WAICU OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE DIRECTORS AND OFFICERS ARE NOT COMPENSATED BY THE WAICU EDUCATIONAL TECHNOLOGY CONSORTIUM, INC. THE EXECUTIVE DIRECTOR AND OFFICERS ARE COMPENSATED BY A RELATED ORGANIZATION, THE WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, INC. (WAICU). WAICU HAS PROCESSES FOR DETERMINING THE COMPENSATION OF THESE PERSONS THAT INCLUDE REVIEW AND APPROVAL BY INDEPENDENT PERSONS, REFERENCE TO COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G MEMBER SERVICES: PROGRAM SERVICE EXPENSES 308,931. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 308,931. PROJECT MANAGEMENT FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 17,834. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,834. COUSULTING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 63,768. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 63,768. FORM 990, PART XII, LINE 2C NO CHANGES HAVE BEEN MADE FROM THE PRIOR YEAR. WAICU INC 122 W WASHINGTON AVE SUITE 700 MADISON WI 53703 391039417 ADMINISTRATOR WI 501(C)(3) LINE 10 N/A 0 LAKELAND UNIVERSITY W3711 SOUTH DRIVE PLYMOUTH WI 53073 390821861 SCHOOL WI 501(C)(3) LINE 2 N/A 0 RIPON COLLEGE 300 SEWARD STREET RIPON WI 54971 390826049 SCHOOL WI 501(C)(3) LINE 2 N/A 0 WISCONSIN LUTHERAN COLLEGE 8800 W BLUEMOUND RD MILWAUKEE WI 53226 237179639 SCHOOL WI 501(C)(3) LINE 2 N/A 0 MILWAUKEE SCHOOL OF ENGINEERING 1025 N BROADWAY MILWAUKEE WI 53202 390477970 SCHOOL WI 501(C)(3) LINE 2 N/A 0 CARDINAL STRITCH UNIVERSITY 6801 N YATES ROAD MILWAUKEE WI 53217 390806196 SCHOOL WI 501(C)(3) LINE 2 N/A 0 NORTHLAND COLLEGE 1411 ELLIS AVENUE RD ASHLAND WI 54806 390806428 SCHOOL WI 501(C)(3) LINE 2 N/A 0 MILWAUKEE INSTITUTE OF ART & DESIGN 273 E ERIE STREET MILWAUKEE WI 53202 391201561 SCHOOL WI 501(C)(3) LINE 2 N/A 0 BELOIT COLLEGE 700 COLLEGE AVENUE BELOIT WI 53511 390808497 SCHOOL WI 501(C)(3) LINE 2 N/A 0 MOUNT MARY UNIVERSITY 2900 NORTH MENOMONEE RIVER PKWY MILWAUKEE WI 53222 390806154 SCHOOL WI 501(C)(3) LINE 2 N/A 0 EDGEWOOD COLLEGE 1000 EDGEWOOD COLLEGE DRIVE MADISON WI 53711 390806202 SCHOOL WI 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGE AND UNIVERSITIES INC P 309995 ALLOCATION OF EXPENSES