2023-11-08T15:16:09-06:00 2023-06-30 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2022-07-01 391391659 BLACKHAWK TECHNICAL COLLEGE FOUNDATION INC BLAC 6087577704 PO BOX 5009 6004 S COUNTY ROAD G JANESVILLE WI 53546 DAVID HOLTERMAN PRESIDENT 6087577704 2023-11-02 1 DAVID HOLTERMAN 999009999 1 MICHAEL J PETERSON CPA P01833529 2187224705 2023-11-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID HOLTERMAN PO BOX 5009 6004 S COUNTY ROAD G JANESVILLE WI 53546 17704661 0 X WWW.BLACKHAWK.EDU/FOUNDATION X 1978 WI TO ATTRACT AND DEVELOP RESOURCES TO SUPPLEMENT AND ENHANCE THE EDUCATIONAL OBJECTIVES OF THE DISTRICT 12 12 0 12 0 0 869712 944596 382704 368118 219212 7191937 2449 -7822 1474077 8496829 229765 7128204 0 0 0 0 0 0 0 304092 337656 533857 7465860 940220 1030969 7679210 6871871 2148692 0 5530518 6871871 X THE PURPOSE OF THE FOUNDATION IS TO RECEIVE, HOLD, MANAGE, USE AND DISPOSE OF FUNDS AND PROPERTIES OF ALL KINDS, WHETHER GIVEN ABSOLUTELY OR IN TRUST FOR THE BENEFIT OF BLACKHAWK TECHNICAL COLLEGE DISTRICT, A WISCONSIN VOCATIONAL, TECHNICAL AND ADULT EDUCATIONAL SCHOOL SYSTEM, OR FOR ANY OR ALL THE EDUCATIONAL AND CHARITABLE MOVEMENTS OR ACTIVITIES THAT MAY BE CONDUCTED BY BLACKHAWK TECHNICAL COLLEGE DISTRICT, MORE SPECIFICALLY TO FINANCE EQUIPMENT AND FACILITIES, TO IMPROVE GROUNDS, TO ENDOW SCHOLARSHIPS, TO MAKE EQUIPMENT AND LIBRARY ACQUISITIONS, AND TO SUPPLEMENT ALL OF THE SERVICES WHICH BLACKHAWK TECHNICAL COLLEGE DISTRICT RENDERS TO SOCIETY WHERE STATE AND DISTRICT APPROPRIATE TAX FUNDS ARE NOT AVAILABLE, SUFFICIENT OR ADEQUATE TO FULLY PROVIDE THE SERVICES WHICH BLACKHAWK TECHNICAL COLLEGE DISTRICT SHOULD OR COULD RENDER TO SOCIETY. 0 0 7014222 6875587 368118 THE FOUNDATION PROVIDED CAPITAL ASSETS TO BLACKHAWK TECHNICAL COLLEGE FOR INSTRUCTIONAL PROGRAMMING. 214020 214020 0 THE FOUNDATION PROVIDED SCHOLARSHIPS TO BLACKHAWK TECHNICAL COLLEGE STUDENTS. 38597 38597 0 THE FOUNDATION PROVIDED EMERGENCY ASSISTANCE FUNDING TO SUPPORT ELIGIBLE BLACKHAWK TECHNICAL COLLEGE STUDENTS. 7266839 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 WI X X LISA HURDA 6087577704 PO BOX 5009 6004 S COUNTY ROAD G JANESVILLE WI 53546 X DAVID HOLTERMAN PRESIDENT 1.00 X X 0 0 0 JAMES NEMETH VICE PRESIDENT 1.00 X X 0 0 0 PHIL WHITEHEAD TREASURER 1.00 X X 0 0 0 SUE RIPSCH SECRETARY 1.00 X X 0 0 0 DAVID ARNDT DIRECTOR (THRU JULY 2022) 1.00 X 0 0 0 GRETCHEN BURGESS DIRECTOR 1.00 X 0 0 0 SHARON COX DIRECTOR 1.00 X 0 0 0 GEORGE CULLEN DIRECTOR 1.00 X 0 0 0 GREGG DICKINSON DIRECTOR 1.00 X 0 0 0 RENAE HENRY DIRECTOR 1.00 X 0 0 0 JILL LEITZEN DIRECTOR 1.00 X 0 0 0 KARA SANKEY DIRECTOR 1.00 X 0 0 0 ANGELA SLAGLE DIRECTOR 1.00 X 0 0 0 LISA HURDA EXECUTIVE DIRECTOR 16.00 X 0 0 0 0 0 0 0 0 0 0 0 14768 21000 908828 95587 944596 BUILDING RENTAL 531120 325077 325077 ADMINISTRATIVE FEE 561000 43041 43041 368118 165116 165116 7226828 9000003 7396438 1803572 -169610 7196431 7026821 7026821 0 14768 7822 -7822 -7822 8496829 368118 0 7184115 6914184 6914184 214020 214020 4224 4224 6725 6725 20316 20316 90260 90260 24833 24833 40384 40384 82451 82451 56184 56184 11863 11863 416 416 7465860 7266839 199021 0 143347 338870 1569869 1963904 369604 481220 1999 27036 0 894367 11863 12498 321106 6577 3083695 314529 2029952 2241569 468881 597878 7679210 6871871 4658 0 2144034 0 2148692 0 X 1664824 2297244 3865694 4574627 5530518 6871871 7679210 6871871 1030969 310384 0 X 0 1 X 1 0 X 857902 579316 653905 869712 944596 3905431 857902 579316 653905 869712 944596 3905431 435621 3469810 77918 66662 61182 100900 165116 471778 4377209 1808331 0.79270 0.78810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2196086 44464 180832 40821 2380561 2355116 124509 -254020 29519 2196086 1920436 43970 436770 46060 2355116 1879466 10551 57081 26662 1920436 1325352 490228 69886 6000 1879466 0.00250 0.62910 0.36840 0 0 314529 314529 6577 6577 0 314529 FIDELITY 500 INDEX FUND 597878 F 597878 X 8860117 310384 65398 375782 8484335 20316 -7822 12494 8496829 7518764 65398 7822 73220 7445544 20316 20316 7465860 PART V, LINE 4: ENDOWMENT FUNDS ARE TO BE USED TO FUND SCHOLARSHIPS FOR STUDENTS ATTENDING BLACKHAWK TECHNICAL COLLEGE, GRANTS, AND EDUCATIONAL PROGRAMMING FOR STUDENTS AND STAFF. PART X, LINE 2: AS A NONPROFIT ORGANIZATION, THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE TAX-EXEMPT STATUS IS BASED UPON THE STATED PURPOSE OF THE OPERATIONS AND SUPPORTING EVIDENCE PRESENTED TO THE INTERNAL REVENUE SERVICE WITH THE APPLICATION FOR TAX-EXEMPT STATUS. SUCH STATUS IS SUBJECT TO REEVALUATION SHOULD THERE BE CHANGES IN OPERATIONS, CHARACTER, OR PURPOSE OF THE FOUNDATION. THE FOUNDATION IS ALSO EXEMPT FROM STATE INCOME TAXES UNDER SIMILAR STATE RULES. THE FOUNDATION RECORDED NO ASSETS OR LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS IN 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -7,822. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 7,822. 1 BLACKHAWK TECHNICAL COLLEGE 6004 S COUNTY ROAD G JANESVILLE WI 53547 391104435 BLACKHAWK TECHNICAL 6780000 95587 FMV EQUIPMENT AND MATERIALS COLLEGE OPERATIONS 1 0 SCHOLARSHIPS 217 214020 PART I, LINE 2: APPLICATION FOR FUNDS ARE RECEIVED AND SCREENED FOR QUALIFICATION. GRANTS ARE AWARDED UP TO PRE-ESTABLISHED LIMIT WHEN APPLICANT MEETS QUALIFICATIONS. SCHOLARSHIP APPLICATIONS ARE REVIEWED AND RANKED BY THE SCHOLARSHIP COMMITTEE WITH FUNDING AWARDED TO HIGHEST RATED QUALIFIED APPLICANT. THE FOUNDATION APPOINTS A BUSINESS AGENT TO MONITOR ALL FUNDS AND EXPEND THEM WITHIN THE GUIDELINES OF THE DONOR AGREEMENT OR APPROVAL OF THE BOARD. X VARIOUS EQUIPMENT 18 95587 FAIR MARKET VALUE 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A MEMO OF UNDERSTANDING (MOU) WITH BLACKHAWK TECHNICAL COLLEGE TO PARTIALLY PAY FOR EMPLOYEES CONTRACTED AS THE EXECUTIVE DIRECTOR. THE PAYMENT OBLIGATION IN THE MOU WAS SUSPENDED AND THE SERVICES WERE CONTRIBUTED AS IN-KIND FOR FY 2023. THERE IS AN INTENTION IN FUTURE YEARS TO HAVE THE FOUNDATION GO BACK TO REIMBURSING FOR THESE EXPENSES, AT A DATE TO BE DETERMINED. FOR FY 2023 THE ORGANIZATION WAS GIFTED IN TOTAL $65,398 IN SERVICES. OF WHICH, $40,827 WAS FOR THE SERVICES OF LISA HURDA WHO IS PERFORMING THE TOP ADMINISTRATIVE ROLE FOR THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS DISTRIBUTED TO BOARD MEMBERS WHO REVIEWED AND APPROVED THE FORM PRIOR TO FINAL SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEETING AGENDA ITEM CALLS FOR THE DISCLOSURE OF CONFLICT OF INTEREST WITH ANY BUSINESS TO BE CONDUCTED BY THE BOARD. THE DISCLOSURE OF CONFLICT APPLIES TO ALL BOARD OF DIRECTOR MEMBERS AND THE EXECUTIVE DIRECTOR OF ADVANCEMENT. THE LEVEL OF DETERMINATION IS BASED UPON WHETHER A BOARD MEMBER HAS AN INTEREST IN AN ACTION BEFORE THE BOARD EITHER DIRECTLY OR INDIRECTLY (I.E. EMPLOYER, SPOUSE, ETC). CONFLICTS ARE DISCLOSED BY THE MEMBER AND DISCUSSION ENSUES TO DETERMINE WHETHER AN ACTUAL CONFLICT EXISTS, IF CONFLICT IS DETERMINED TO EXIST, THE RESPECTIVE BOARD MEMBER EXITS THE MEETING FOR THE DURATION OF DISCUSSION AND DECISION ON SUCH MATTER. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND THE FORM 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.