Wisconsin Association Of Independent Colleges And Universit

Organization Overview

Wisconsin Association Of Independent Colleges And Universit is located in Madison, WI. The organization was established in 1975. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2022, Wisconsin Association Of Independent Colleges And Universit employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Association Of Independent Colleges And Universit is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Wisconsin Association Of Independent Colleges And Universit generated $4.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $4.0m during the year ending 06/2022. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE AND FACILITATE SERVICES TO WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND UNIVERSITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COLLABORATIVE SERVICES - THE WAICU COLLABORATION PROJECT IS A COMPREHENSIVE INITIATIVE TO PERFORM ADMINISTRATIVE SUPPORT FUNCTIONS OF WISCONSIN'S TWENTY-THREE 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.


SCHOLARSHIPS - THE ORGANIZATION AWARDS ON AN ANNUAL BASIS APPROXIMATELY $900,000 TO 120 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.


STUDENT ACCESS - WAICU HAS ORGANIZED JOINT ADMISSION 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 OPPORTUNITIES QUALITY OF WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND TO CREATE OPPORTUNITIES FOR STUDENTS AND COUNSELORS TO CONSIDER PRIVATE NONPROFIT COLLEGES.


ADVOCACY AND RESEARCH.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ibm Corp
Technology
$217,439
Hovde Properties
Property Management
$201,605
Ceresco Consulting
Technology
$135,600
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$447,600
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$447,600
Total Program Service Revenue$3,062,364
Investment income $858,351
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $527,822
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,896,137

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Wisconsin Association Of Independent Colleges And Universit has recieved totaling $413,100.

Awarding OrganizationAmount
Rath Foundation Inc

Janesville, WI

PURPOSE: SUPPORT FOR DEVELOPMENT OF INDEPENDENT COLLEGES & UNIVERSITIES IN WISCONSIN

$221,100
Theodore W Batterman Family Foundation Inc

Milwaukee, WI

PURPOSE: WAICU NONPROFIT INTERNSHIP PROGRAM

$102,000
Ruth St John & John Dunham West Foundation Inc

Manitowoc, WI

PURPOSE: RESTRICTED

$60,000
Kikkoman Foods Foundation Inc

Walworth, WI

PURPOSE: FINANCIAL SUPPORT 2022

$30,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$17,367,970
Earnings-$2,689,527
Admin Expense$169,401
Net Contributions$222,100
Grants$668,250
Ending Balance$14,062,892

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