Wctc Foundation Inc
- Assets
- $9.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Pewaukee, WI
- Founding
- 02/2019
- Data as of
- 06/2021
- EIN
- 39-1325835
Organization Overview
Wctc Foundation Inc is located in Pewaukee, WI. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Wctc Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wctc 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 06/2021, Wctc Foundation Inc generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WCTC FOUNDATION INC. IS A NOT-FOR-PROFIT ORGANIZATION ESTABLISHED TO SECURE CHARITABLE RESOURCES HELPING THE STUDENTS OF WAUKESHA COUNTY TECHNICAL COLLEGE ACHIEVE THEIR EDUCATIONAL GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WCTC FOUNDATION, INC. IS A NOT-FOR-PROFIT ORGANIZATION WHOSE PURPOSE IS TO SOLICIT, HOLD, MANAGE, INVEST, AND EXPEND ENDOWMENT FUNDS AND OTHER GIFTS, GRANTS, AND BEQUESTS EXCLUSIVELY FOR THE MAINTENANCE AND BENEFIT OF WAUKESHA COUNTY TECHNICAL COLLEGE (WCTC) PROGRAMS AND IT'S STUDENTS.
WCTC FOUNDATION, INC. LEASED SPACE IN ITS MORRIS STREET BUILDING TO WAUKESHA COUNTY TECHNICAL COLLEGE (WCTC) TO HELP THEM ACHIEVE THEIR EDUCATIONAL GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Phillips Foundation President | Officer | 40 | $136,816 |
Mary Manning Vice President | OfficerTrustee | 0.5 | $0 |
Richard Brandt Secretary | OfficerTrustee | 0.5 | $0 |
Sandy Mcgee Treasurer | OfficerTrustee | 0.5 | $0 |
Dan Wolfgram Chairperson | OfficerTrustee | 0.5 | $0 |
Phillip Kubow Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,346,872 |
| Investment income | $100,815 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,156,503 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,844,099 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $444,071 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $159,953 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,436 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,044 |
| Payroll taxes | $12,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,052 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,372 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,586 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $649 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $367 |
| Insurance | $5,613 |
| All other expenses | $0 |
| Total functional expenses | $1,197,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,233 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $525,937 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,893 |
| Investments—publicly traded securities | $8,243,348 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,998,700 |
| Accounts payable and accrued expenses | $50,461 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $98,821 |
| Total liabilities | $149,282 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $8,849,418 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Wctc Foundation Inc has recieved totaling $84,981.
| Awarding Organization | Amount |
|---|---|
Waukesha County Community Foundation Inc Waukesha, WI PURPOSE: SPONSORSHIP, SCHOLARSHIPS | $33,600 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: SCHOLARSHIP | $17,900 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: SCHOLARSHIP | $17,900 |
Bradley Impact Fund Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,481 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $100 |
Endowment Analysis
| Beg. Balance | $1,090,318 |
| Earnings | $5,521 |
| Net Contributions | $10,500 |
| Other Expense | $29,985 |
| Ending Balance | $1,136,325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quad Cities Golf Classic Charitable Foundation East Moline, IL | $5,926,812 | $12,981,935 |
Jewel Nail Bomar Trust 8336230300 Chicago, IL | $101,133,335 | $15,350,534 |
Others First Inc Rochester Hills, MI | $4,306,956 | $11,125,375 |
Pious Projects Of America Bridgeview, IL | $2,395,968 | $8,177,090 |
The Edward Lowe Foundation Cassopolis, MI | $139,490,354 | $14,349,160 |
Worth County Development Authority Northwood, IA | $8,240,749 | $6,157,684 |
Constellation Fund Minneapolis, MN | $8,581,079 | $5,161,859 |
Wayfarer Foundation Highland Park, IL | $333,654 | $4,731,977 |
Washington County Riverboat Foundation Washington, IA | $2,209,057 | $4,844,569 |
Catholic United Financial Foundation St Paul, MN | $37,486,034 | $6,021,022 |
Fond Du Lac Area Foundation Fond Du Lac, WI | $72,661,560 | $12,050,578 |
Karam Foundation Nfp Lake Forest, IL | $4,231,584 | $2,840,038 |