Northcentral Technical College Foundation Inc

Organization Overview

Northcentral Technical College Foundation Inc is located in Wausau, WI. The organization was established in 1977. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northcentral Technical College Foundation Inc 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, Northcentral Technical College Foundation Inc generated $924.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $981.1k during the year ending 06/2022. 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

THE NTC FOUNDATION DEVELOPS RELATIONSHIPS THAT ENABLE INDIVIDUALS, BUSINESSES AND THE COMMUNITY TO ADVOCATE FOR AND PROVIDE RESOURCES IN SUPPORT OF NORTHCENTRAL TECHNICAL COLLEGE IN ACCOMPLISHING ITS MISSION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE SCHOLARSHIPS AND DIRECT FINANCIAL ASSISTANCE TO STUDENTS ENROLLED ON ALL CREDENTIALS CONFERRED BY NORTHCENTRAL TECHNICAL COLLEGE. IN 2021, THE FOUNDATION FUNDED SCHOLARSHIPS FOR 898 STUDENTS.


PROVIDE SUPPLEMENTAL FUNDING FOR NORTHCENTRAL TECHNICAL COLLEGE EDUCATIONAL PROGRAMS AND FIXED ASSET ACQUISITIONS USED TO SUPPORT THE NTC CURRICULUM.


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Board, Officers & Key Employees

Name (title)Compensation
John F Heisler
Vice President
$0
Janet Felch
President
$0
Kent A Johnson
Secretary
$0
John Tubbs
Treasurer
$0
Vicki Jeppesen
Executive Director
$0
Brian Baumgart CPA
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$18,300
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$784,241
Noncash contributions included in lines 1a–1f $10,158
Total Revenue from Contributions, Gifts, Grants & Similar$802,541
Total Program Service Revenue$0
Investment income $143,865
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$75,382
Net Income from Fundraising Events $4,022
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $924,874

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Northcentral Technical College Foundation Inc has recieved totaling $13,400.

Awarding OrganizationAmount
E F Jablonski Family Foudation Inc

Snohomish, WA

PURPOSE: GENERAL SUPPORT

$10,000
Park City Cares Foundation

Merrill, WI

PURPOSE: FABRICATION LAB DONATION FOR EQUIPMENT FOR STUDENTS

$3,400
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,455,768
Earnings-$818,966
Admin Expense$76,519
Net Contributions$364,444
Other Expense-$56,780
Grants$207,613
Ending Balance$5,773,894

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