2024-02-22T15:02:18-06:00 2023-06-30 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2022-07-01 391313438 NORTHWOOD TECHNICAL COLLEGE FOUNDATION INC NORT 7157311265 1900 COLLEGE DRIVE RICE LAKE WI 54868 STEVE LEINO BOARD PRESIDENT 7157311265 2024-02-19 1 STEVE LEINO 999009999 0 MICHAEL J PETERSON CPA P01833529 2187224705 2024-02-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEVE LEINO 1900 COLLEGE DRIVE RICE LAKE WI 54868 1479216 0 X WWW.NORTHWOODTECH.EDU/FOUNDATION X 1978 WI SUPPORT STUDENT SUCCESS THROUGH SCHOLARSHIPS AND OTHER ASSISTANCE, AS WELL AS PROVIDE FUNDING FOR STAFF AND ALUMNI DEVELOPMENT. 12 12 0 140 0 0 538940 405552 0 0 302325 315211 1979 2670 843244 723433 447847 303867 0 0 0 0 0 0 3282 141153 126236 589000 430103 254244 293330 5433392 5843655 45941 56251 5387451 5787404 X THE NORTHWOOD TECHNICAL COLLEGE FOUNDATION PROVIDES SUPPORT TO PROMOTE, DEVELOP, AND EXPAND QUALITY EDUCATION AND SERVICES OF NORTHWOOD TECH AND TO ENCOURAGE THE SUCCESS AND ACHIEVEMENT OF NORTHWOOD TECH STUDENTS, FACULTY, STAFF AND ALUMNI. 0 0 224728 224728 0 SCHOLARSHIPSIN FY2023, THE FOUNDATION RECEIVED 768 SCHOLARSHIP APPLICATIONS. ON BEHALF OF OUR DONORS, THE FOUNDATION PROVIDED 388 AWARDS WORTH $224,728 WITH AN AVERAGE AWARD OF $579. 43508 41726 0 STUDENT ASSISTANCEIN FY23, THE FOUNDATION PROVIDED $6,644 IN STUDENT ASSISTANCE GRANTS, 7 EMERGENCY LOANS TOTALING $1,323 AND $33,759 IN OTHER STUDENT SUPPORT SUCH AS NUTRUITION ASSISTANCE, GAS/GROCERY CARDS AND GED FEES. 37413 37413 0 INSTITUTIONAL SUPPORTA TOTAL OF $37,413 WAS PROVIDED IN FY2023 FOR INSTITUTIONAL SUPPORT, INCLUDING THE AMBASSADOR PROGRAM, COLLEGE, PROGRAM AND CLUB SUPPORT. 0 0 0 STAFF APPEAL164 STAFF MEMBERS ARE DONORS WHICH IS 45%. 21 NEW DONORS, 133 CONTINUED DONORS, 10 INCREASED THEIR DONATIONS. STAFF DONATIONS FOR FY23 TOTALED $42,264 0 0 0 ALUMNI DEVELOPMENTTHE FOUNDATION PROVIDED $3,960 IN SUPPORT OF ALUMNI DEVELOPMENT, INCLUDING GIFTS FOR GRADUATES, ALUMNI RECOGNITION AND MATERIALS. 0 0 0 305649 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 0 0 0 WI X X KIM PEARSON 7154751135 600 N 21ST STREET SUPERIOR WI 54880 X STEVE LEINO PRESIDENT 1.00 X X 0 0 0 SHAY HORTON VICE PRESIDENT 1.00 X X 0 0 0 BRAD GINGRAS TREASURER 1.00 X X 0 0 0 HEATHER MCABEE SECRETARY 1.00 X X 0 0 0 BECKY BIRCHMEIER MEMBER 1.00 X 0 0 0 KEVIN BOREEN MEMBER 1.00 X 0 0 0 ROB BUEHLER MEMBER 1.00 X 0 0 0 GREG CHRISTENSON MEMBER 1.00 X 0 0 0 KEN DISHER MEMBER 1.00 X 0 0 0 SARA HUDSON MEMBER (THRU JUNE) 1.00 X 0 0 0 KEVIN JACOBSON MEMBER 1.00 X 0 0 0 LORI LABEREE BOARD LIAISON 1.00 X 0 0 0 ROBERTA LINDEMANN MEMBER 1.00 X 0 0 0 TOM MUNSON MEMBER (THRU JUNE) 1.00 X 0 0 0 JOSH ROBINSON BOARD LIAISON (THRU NOV) 1.00 X 0 0 0 TIMOTHY THOM MEMBER (THRU JUNE) 1.00 X 0 0 0 0 0 0 0 0 0 0 0 405552 405552 102842 102842 968152 755783 212369 212369 212369 2670 0 2670 2670 723433 0 0 317881 X 37413 37413 266454 266454 5650 5650 5253 5253 58167 58167 3373 3373 14939 14939 3066 3066 3094 3094 PRINTING EXPENSE 13997 13997 EQUIPMENT EXPENSE 11542 11542 AMBASSADOR PROGRAM 1433 1433 CULTIVATION EXPENSE 1297 1297 4425 349 2091 1985 430103 305649 121172 3282 6659 13717 353879 491379 4099 3601 5068755 5334958 5433392 5843655 45941 56251 45941 56251 X 187961 206465 5199490 5580939 5387451 5787404 5433392 5843655 293330 106623 0 X 0 1 X 1 0 X 354763 194802 474424 538940 405552 1968481 354763 194802 474424 538940 405552 1968481 84778 1883703 110686 103210 93320 98327 102842 508385 2476866 45448 0.76050 0.75660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4833255 213462 287853 120341 5214229 5559972 75602 -613797 188522 4833255 4647570 104234 930071 121903 5559972 4574171 40902 206117 173620 4647570 4239085 186052 249160 100126 4574171 0.00000 0.91180 0.08820 0 0 0 903291 106623 78488 185111 718180 5253 5253 723433 503338 78488 78488 424850 5253 5253 430103 PART V, LINE 4: THERE ARE TWO MAIN USES FOR THE FOUNDATION'S ENDOWMENT FUNDS. FIRST, TO PROVIDE STUDENT SCHOLARSHIPS DESIGNATED SPECIFICALLY BY THE DONORS FOR THIS PURPOSE. SECOND, FOR GENERAL OPERATIONAL SUPPORT OF THE COLLEGE'S DEPARTMENTS, WHICH HAVE ALSO BEEN SPECIFICALLY DESIGNATED BY THE DONORS. 1 NORTHWOOD TECHNICAL COLLEGE 1900 COLLEGE DRIVE RICE LAKE WI 54868 391176625 501(C)(3) 37413 0 INSTITUTIONAL SUPPORT (TUITION, ENROLLMENT INCENTIVES, PROGRAM EQUIPMENT, ETC.) 1 0 SCHOLARSHIPS AND STUDENT SUPPORT 388 224728 STUDENT GRANTS 8 6644 OTHER ASSISTANCE (GAS AND GROCERY CARDS, TESTING FEES, NUTRITION, ETC.) 323 35082 PART I, LINE 2: STUDENT SCHOLARSHIPS ARE ADMINISTERED THROUGH THE NORTHWOOD TECHNICAL COLLEGE FOUNDATION FINANCIAL AID OFFICE. SCHOLARSHIP AWARDS ARE DEPOSITED DIRECTLY INTO THE STUDENT'S NORTHWOOD TECHNICAL COLLEGE FOUNDATION CAMPUS ACCOUNT. THE FINANCIAL AID OFFICE MONITORS ALL THE FINANCIAL AID THAT STUDENTS RECEIVE. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS AN AUDIT OF ITS FINANCIAL RECORDS ANNUALLY IN WHICH THE FULL BOARD OF DIRECTORS REVIEW THE AUDITED FINANCIAL STATEMENTS AND APPROVE THE FINAL STATEMENTS. FROM THIS SET OF RECORDS, THE FOUNDATION REQUESTS THE AUDITING FIRM TO PREPARE THE 990 ON ITS BEHALF. AS PART OF THE PROCESS, THE FOUNDATION DIRECTOR REVIEWS THE TAX RETURN PRIOR TO SIGNING THE DOCUMENT AND BRINGS THE 990 TO THE EXECUTIVE BOARD CONSISTING OF THE PRESIDENT, VICE PRESIDENT AND TREASURER FOR THEIR REVIEW PRIOR TO THE BOARD VICE PRESIDENT'S SIGNATURE AND FILING WITH THE INTERNAL REVENUE SERVICE.IDENT'S SIGNATURE AND FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION PROVIDES FULL PUBLIC ACCESS TO THE POLICIES, PROCEDURES, AND ANY FINANCIAL STATEMENTS OF THE FOUNDATION. ALL ORGANIZATIONAL POLICIES, PROCEDURES AND FINANCIALS ARE AVAILABLE ON FILE AND ARE AVAILABLE THROUGH WRITTEN PUBLIC RECORDS REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 58,167. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 58,167.