2025-11-03T11:42:21-06:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2024-07-01 391039417 WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES INC WISC 6082567761 122 W WASHINGTON AVENUE 700 MADISON WI 53703 ERIC FULCOMER PRESIDENT 6082567761 2025-10-31 1 1 KIMBERLY ANDERSON CPA P00188889 6086628600 2025-10-31 2024 2025-03-06 01:10:19Z ERIC FULCOMER 122 W WASHINGTON AVENUE 700 MADISON WI 53703 10116539 0 X HTTPS://WWW.WISCONSINSPRIVATECOLLEGES.ORG/ X 1962 WI PROMOTE AND FACILITATE SERVICES TO WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND UNIVERSITIES. 22 22 14 22 0 0 777939 4338212 2963299 2979754 1109907 1019862 3869 3108 4855014 8340936 1016821 4579142 0 0 1800731 1897526 0 0 104958 1335937 1449264 4153489 7925932 701525 415004 24580901 27259322 1410325 2409604 23170576 24849718 X PROMOTE AND FACILITATE SERVICES TO WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND UNIVERSITIES. 1 0 3714327 3714327 0 THE WISCONSIN HIGHER EDUCATIONAL AIDS BOARD (HEAB), WHICH ADMINISTERS STATE-APPROPRIATED FUNDS FOR THESE STUDENTS ATTENDING OUR INSTITUTIONS, HAS EXHAUSTED ITS RESOURCES MIDWAY THROUGH THE SPRING SEMESTER. THIS HAS LEFT APPROXIMATELY 2,250 OF OUR NEEDIEST STUDENTS WITHOUT PROMISED FINANCIAL SUPPORT. PUSHING FUNDING TOWARDS THIS SHORTFALL TO HELP OUT THE STUDENTS. 1200116 864815 0 THE ORGANIZATION MANAGES SIX ENDOWED SCHOLARSHIP PROGRAMS VALUED AT APPROXIMATELY $17.5 MILLION. THESE SCHOLARSHIPS ALLOW MANY STUDENTS TO CONTINUE THEIR COLLEGE EDUCATION. THE ORGANIZATION AWARDS ON AN ANNUAL BASIS APPROXIMATELY $865,000 TO 110 PRIVATE COLLEGE STUDENTS. ES. 993170 0 0 ADVOCACY AND RESEARCH 861343 0 2982862 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. 410403 0 0 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. 1271746 0 2982862 7179359 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 46 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X ERIC FULCOMER 6082567761 122 W WASHINGTON AVE 700 MADISON WI 53703 AARON SADOFF DIRECTOR 1.00 0.00 X 0 0 0 RICHARD TRIETLEY DIRECTOR 1.00 0.00 X 0 0 0 RENEE HERZING DIRECTOR 1.00 0.00 X 0 0 0 LAURIE JOYNER DIRECTOR 1.00 0.00 X 0 0 0 LAURIE CARTER DIRECTOR 1.00 0.00 X 0 0 0 LAUREN WHITNAH DIRECTOR 1.00 0.00 X 0 0 0 KIMO AH YUN DIRECTOR 1.00 0.00 X 0 0 0 JOHN WALZ DIRECTOR 1.00 0.00 X 0 0 0 JOHN SWALLOW DIRECTOR 1.00 0.00 X 0 0 0 JOHN RAYMOND DIRECTOR 1.00 0.00 X 0 0 0 ISABELLE CHERNEY DIRECTOR 1.00 0.00 X 0 0 0 JEFFREY MORIN DIRECTOR 1.00 0.00 X 0 0 0 ERIC BOYNTON DIRECTOR 1.00 0.00 X 0 0 0 DANIEL JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 CONNIE BOERST DIRECTOR 1.00 0.00 X 0 0 0 CINDY GNADINGER DIRECTOR 1.00 0.00 X 0 0 0 CHRISTY BROWN DIRECTOR 1.00 0.00 X 0 0 0 CHADWICK DAYTON DIRECTOR 1.00 0.00 X 0 0 0 BETH BORGEN DIRECTOR 1.00 0.00 X 0 0 0 ANDREW MANION DIRECTOR 1.00 0.00 X 0 0 0 ERIK ANKERBERG DIRECTOR 1.00 0.00 X 0 0 0 VICTORIA FOLSE DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER DEHART CHIEF OPERATING OFFICER 25.00 15.00 X 179942 0 20380 REBECCA LARSON SR. VP FOR ADVOCACY 40.00 0.00 X 181441 0 33000 ERIC FULCOMER PRESIDENT 40.00 1.00 X 350482 0 65262 SHANE KELLAR EXECUTIVE DIRECTOR, WBC 40.00 0.00 X 113231 0 28933 825096 0 147575 4 0 1 0 CLIFTONLARSONALLEN LLP 220 S 6TH ST STE 300 MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 175430 1 4338212 4338212 MEMBERSHIP DUES 611710 1701560 1701560 MEMBER SERVICES 611710 1112944 1112944 SPONSORSHIPS 611710 85250 85250 PRIVATE COLLEGE WEEK ADVERTISING 611710 80000 80000 2979754 921860 921860 1873605 1775603 98002 98002 98002 OTHER INCOME 900099 3108 3108 3108 8340936 2982862 0 1019862 3714327 3714327 864815 864815 858683 674300 145231 39152 659230 517666 111504 30060 27917 21922 4722 1273 257789 202432 43602 11755 93907 73743 15883 4281 4801 3865 914 22 11342 9132 2159 51 179813 144769 34228 816 124946 100595 23784 567 48401 48401 516840 452749 62599 1492 5647 4546 1075 26 94642 63847 30332 463 51058 34444 16364 250 114832 86124 28708 38163 30697 4292 3174 18430 18430 107464 72496 34442 526 MEMBER SERVICES 132885 106890 14945 11050 7925932 7179359 641615 104958 2194697 68195 2000000 5009911 233333 116667 90645 276411 110888 93981 305307 279871 43866 25436 19291192 21145485 616280 523236 24580901 27259322 347700 275346 1285673 358411 323951 704214 524634 1410325 2409604 X 3405480 3856333 19765096 20993385 23170576 24849718 24580901 27259322 415004 1264138 0 X 0 1 X 1 0 X 1044100 447600 554800 777939 4338212 7162651 2736042 3062364 3003899 2967168 2982862 14752335 3780142 3509964 3558699 3745107 7321074 21914986 0 483288 379451 376824 1614263 1183260 4037086 483288 379451 376824 1614263 1183260 4037086 17877900 515136 858351 570454 652264 921860 3518065 515136 858351 570454 652264 921860 3518065 4295278 4368315 4129153 4397371 8242934 25433051 0.70290 0.70370 0.13830 0.15030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 124946 124946 7054413 7179359 508968 127242 0 0 317815 334308 357674 508968 1518765 2278148 200680 127342 136985 124946 589953 79454 83577 89419 127242 379692 569538 16350862 230100 1729070 560234 187980 17561818 15130601 158400 1826104 588355 175888 16350862 14062892 369500 1513932 291503 155902 15498919 17367970 222100 -2689527 668250 169401 14062892 13894399 222100 3879516 591250 135795 17268970 0.00000 1.00000 0.00000 0 0 93434 87806 5628 79142 73365 5777 132731 118700 14031 25436 LEASE LIABILITY 524634 524634 9556673 1264138 1264138 8292535 48401 48401 8340936 7877531 0 7877531 48401 48401 7925932 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS AND PROGRAM SUPPORT. 1 HERZING UNIVERSITY 275 W WISCONSIN AVE 210 MILWAUKEE WI 53203 271503981 501(C)(3) 1213686 0 WISCONSIN GRANT SHORTFALL EDGEWOOD COLLEGE INC 1000 EDGEWOOD COLLEGE DRIVE MADISON WI 53711 390806202 501(C)(3) 673497 0 WISCONSIN GRANT SHORTFALL ALVERNO COLLEGE PO BOX 343922 MILWAUKEE WI 53234 390806263 501(C)(3) 661518 0 WISCONSIN GRANT SHORTFALL RIPON COLLEGE PO BOX 248 RIPON WI 54971 390826049 501(C)(3) 408610 0 WISCONSIN GRANT SHORTFALL CONCORDIA UNIVERSITY INC 12800 N LAKE SHORE DRIVE MEQUON WI 53097 390833608 501(C)(3) 231110 0 WISCONSIN GRANT SHORTFALL LAWRENCE UNIVERSITY OF WISCONSIN 711 E BOLDT WAY APPLETON WI 54911 390806297 501(C)(3) 202547 0 WISCONSIN GRANT SHORTFALL BELOIT COLLEGE 700 COLLEGE ST BELOIT WI 53511 390808497 501(C)(3) 170000 0 WISCONSIN GRANT SHORTFALL LAKELAND UNIVERSITY W3718 SOUTH DR PLYMOUTH WI 53073 390821861 501(C)(3) 47700 0 WISCONSIN GRANT SHORTFALL MILWAUKEE SCHOOL OF ENGINEERING 1025 NORTH BROADWAY STREET MILWAUKEE WI 53202 390477970 501(C)(3) 29950 0 WISCONSIN GRANT SHORTFALL MOUNT MARY UNIVERSITY INC 2900 N MENOMONEE RIVER PARKWAY MILWAUKEE WI 53222 390806154 501(C)(3) 22635 0 WISCONSIN GRANT SHORTFALL MARQUETTE UNIVERSITY PO BOX 1881 MILWAUKEE WI 53201 390806251 501(C)(3) 15079 0 WISCONSIN GRANT SHORTFALL ST NORBERT COLLEGE INC 100 GRANT STREET DE PERE WI 54115 391399196 501(C)(3) 14000 0 WISCONSIN GRANT SHORTFALL WISCONSIN LUTHERAN COLLEGE INC 8800 WEST BLUEMOUND ROAD MILWAUKEE WI 53226 237179639 501(C)(3) 13420 0 WISCONSIN GRANT SHORTFALL MARIAN UNIVERSITY 3200 COLD SPRING ROAD INDIANAPOLIS IN 46222 350868175 501(C)(3) 6175 0 WISCONSIN GRANT SHORTFALL 14 0 SCHOLARSHIPS 89 795815 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 350002 0 0 0 480 0 26413 0 38849 0 415744 0 0 0 REBECCA LARSON SR. VP FOR ADVOCACY 180961 0 0 0 480 0 9173 0 23827 0 214441 0 0 0 JENNIFER DEHART CHIEF OPERATING OFFICER 179462 0 0 0 480 0 8918 0 11462 0 200322 0 0 0 FORM 990, PART III, LINE 2 THE WISCONSIN HIGHER EDUCATIONAL AIDS BOARD (HEAB), WHICH ADMINISTERS STATE-APPROPRIATED FUNDS FOR THESE STUDENTS ATTENDING OUR INSTITUTIONS, HAS EXHAUSTED ITS RESOURCES MIDWAY THROUGH THE SPRING SEMESTER. THIS HAS LEFT APPROXIMATELY 2,250 OF OUR NEEDIEST STUDENTS WITHOUT PROMISED FINANCIAL SUPPORT. PUSHING FUNDING TOWARDS THIS SHORTFALL TO HELP OUT THE STUDENTS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR, THE VICE-CHAIR, SECRETARY, TREASURER, AND THE IMMEDIATE PAST CHAIR ELECTED FOR A TWO-YEAR TERM BY THE DIRECTORS IN ODD-NUMBERED YEARS. BETWEEN MEETINGS OF THE BOARD, THE AFFAIRS OF THE CORPORATION SHALL BE CONDUCTED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS THREE LEVELS OF MEMBERS: FULL MEMBER, ASSOCIATE MEMBER AND AFFILIATE MEMBER. FULL MEMBERSHIP IS OPEN TO FOUR-YEAR INDEPENDENT NONPROFIT COLLEGES AND UNIVERSITIES HEADQUARTERED IN WI OFFERING THE BACCALAUREATE, MASTERS, OR DOCTORAL DEGREE, WHICH ARE ACCREDITED BY AN ACCREDITING BODY RECOGNIZED BY THE US DEPARTMENT OF EDUCATION. ASSOCIATE MEMBERSHIP IS OPEN TO INDEPENDENT, NONPROFIT POSTSECONDARY EDUCATIONAL INSTITUTIONS HEADQUARTERED IN WI OFFERING GRADUATE DEGREES AND ENROLLING THREE HUNDRED STUDENTS OR LESS ,AND NOT OTHERWISE QUALIFYING FOR FULL MEMBERSHIP. AFFILIATE MEMBERSHIP IS OPEN TO INDEPENDENT, NONPROFIT POSTSECONDARY EDUCATIONAL INSTITUTIONS HEADQUARTERED OUTSIDE OF WI. FORM 990, PART VI, SECTION A, LINE 7A FULL MEMBERS ARE ABLE TO ATTEND BOARD AND EXECUTIVE COMMITTEE MEETINGS, TO VOTE AND HOLD OFFICE. ASSOCIATE MEMBERS AND AFFILIATE MEMBERS ARE NOT ELIGIBLE TO ATTEND BOARD MEETINGS, VOTE, OR HOLD OFFICE. FORM 990, PART VI, SECTION B, LINE 11B 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 WITH THE COO. IF A POTENTIAL TRANSACTION OR INTEREST THAT COULD RESULT IN A CONFLICT OF INTEREST, THAT INDIVIDUAL MUST BRING IT TO THE ATTENTION OF THE PRESIDENT/CEO OF WAICU AT THAT TIME. THE PRESIDENT/CEO DETERMINES IF THERE IS A CONFLICT AND DECIDES THE ACTION TO BE TAKEN, IF ANY. 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. THIS COMPENSATION IS APPROVED WITHIN THE ANNUAL BUDGET AT A BOARD MEETING AND DOCUMENTED IN THE MEETING NOTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. WAICU EDUCATIONAL TECHNOLOGY CONSORTIUM INC 122 W WASHINGTON AVE 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 1 1 0 1 0 0 WAICU EDUCATIONAL TECHNOLOGY CONSORTIUM INC Q 267428 CASH VALUE